--- title: Employee Benefit Plan Audit | Financial Statement Audit | Virginia 401k Auditor description: Learn about key details about the employee benefit plan process including the plan reporting and audit process, purpose, objectives and benefits of the audit, audit considerations, full scope audit, audit process and your role in the audit process - Keiter CPA - Virginia CPA Firm. --- [![Virginia CPA Firm - Virginia Accounting Services](https://info.keitercpa.com/hs-fs/hubfs/Keiter_May2017/Images/logo-keiter.png?width=199&name=logo-keiter.png "Virginia CPA Firm - Virginia Accounting Services")](https://www.keitercpa.com) # Employee Benefit Plans – Financial Statement Audits ## What is the purpose of an independent audit of the financial statements for an employee benefit plan? ### ![EBPAQC Financial Statement Audits - Keiter CPA](https://info.keitercpa.com/hs-fs/hubfs/EBPAQC%20Financial%20Statement%20Audits%20-%20Keiter%20CPA.png?width=207&name=EBPAQC%20Financial%20Statement%20Audits%20-%20Keiter%20CPA.png) The purpose of an independent audit of the financial statements for an employee benefit plan is to help users determine the plan’s current and future ability to pay retirement, health, or other benefits while protecting the financial integrity of the employee benefit plan. This advisory* describes in-depth: - The Plan Financial Reporting and Audit Process and Management’s Responsibilities - Purpose, Objectives and Benefits of the Independent Audit - General Audit Considerations - Full Scope vs. Limited Scope - Audit Areas - The Audit Process - Auditor’s Report - Your Role in the Audit Process ### Download Your Guide *Source:  The AICPA Employee Benefit Plan Audit Quality Center prepares Plan Advisories for plan sponsors, administrators, and trustees. These comprehensive documents contain information to assist them in understanding their fiduciary and other responsibilities with respect to various aspects of their plans.  As a member of the AICPA Employee Benefit Plan Audit Quality Center, Keiter has permission to share these informative guides. ![](https://info.keitercpa.com/hubfs/Keiter_May2017/Images/aicpa.jpg) [![LinkedIn - Keiter CPA](https://info.keitercpa.com/hubfs/Keiter_May2017/Images/li-icon.png)](https://www.linkedin.com/company-beta/55804/?pathWildcard=55804) [![FaceBook - Keiter CPA](https://info.keitercpa.com/hubfs/Keiter_May2017/Images/fb-icon.png)](https://www.facebook.com/keitercpa)[![Glassdoor - Keiter CPA](https://info.keitercpa.com/hs-fs/hubfs/icons8-glassdoor-bold-70.png?width=46&height=29&name=icons8-glassdoor-bold-70.png)](https://www.glassdoor.com/Reviews/Keiter-Reviews-E343392.htm) [ ![Vimeo - Keiter CPA](https://info.keitercpa.com/hs-fs/hubfs/icons8-vimeo-ios-17-filled-70.png?width=47&height=23&name=icons8-vimeo-ios-17-filled-70.png)](https://vimeo.com/user212314929) [![Instagram - Keiter CPA](https://info.keitercpa.com/hubfs/Keiter_May2017/Images/insta-icon.png)](https://www.instagram.com/keitercpa/) #### [About Us](https://keitercpa.com/about-us/) Keiter is a team of experienced accountants and advisors with the knowledge to identify opportunities and the commitment to see them through. Whether performing an audit, preparing a tax return, or providing specialized consulting services, you can depend on us to share our knowledge and experience to help you make sound financial decisions throughout the lifecycle of your business. We are always focused on providing fresh insights and creating new opportunities to help your business grow. #### [Contact Us](https://keitercpa.com/contact/) 804.747.0000 or 804.273.6200 (phone) 804.747.3632 (fax) Innsbrook Corporate Center 4401 Dominion Boulevard Glen Allen VA, 23060                   © 2026 Keiter, All Rights Reserved, [Legal Policy](https://keitercpa.com/about-us/legal-policy/)