Pension
Plan Audits

Our firm provides expert pension plan audit services to ensure compliance with regulatory standards and protect plan members' interests. Our team delivers thorough, accurate audits that meet the requirements of governing bodies, such as the Financial Services Regulatory Authority of Ontario and the Office of the Alberta Superintendent of Pensions. We focus on ensuring financial transparency and integrity, helping businesses maintain trust with plan participants and regulators while minimizing the risk of penalties.

The pension plan audit services from our firm comprise a thorough evaluation of the plan’s financial reporting, compliance, and internal controls to ensure regulatory adherence and financial integrity.

Key components of our services include:

Financial Statement Audits

We audit the plan’s financial statements to verify accuracy and ensure they fairly represent the plan’s financial position, including assets, liabilities, and transactions.

Compliance with Regulatory Requirements

Our audits ensure the pension plan complies with applicable regulations, such as the Pension Benefits Standards Act (PBSA) and provincial requirements like those from the Financial Services Regulatory Authority of Ontario or the Office of the Alberta Superintendent of Pensions.

Internal Controls Assessment

We review the plan’s internal controls to identify any weaknesses or risks related to asset management, financial reporting, and compliance, providing recommendations for improvement.

Contributions and Benefit Payments Review

We verify that contributions are calculated accurately and that benefits are paid in accordance with the plan’s terms and regulatory requirements.

Audit Reports

We provide a clear, comprehensive audit report that details our findings and provides an opinion on the financial health and compliance status of the pension plan.

Audit Support and Guidance

Throughout the audit process, we offer guidance and support to ensure a smooth audit experience, addressing any concerns and ensuring all regulatory deadlines are met.

Our goal is to ensure that your pension plan operates transparently and in compliance with all relevant laws, protecting the interests of plan members and maintaining trust with regulatory bodies.

To learn more about how we can help you, give us a call at  905-474-0303 or send us an email for a free, no-obligation consultation.