This Employee Benefit Plan Audit Quality Center (EBPAQC) advisory assists the plan sponsor in understanding their responsibilities for valuing and reporting plan investments.
This advisory discusses:
the responsibility for reporting plan investments
how plan investments are reported
investment valuation and related disclosures
the responsibility for valuing investments and establishing internal controls
special considerations for alternative investments
investment information that should be requested from the plan trustee or custodian and investment manager
how an independent auditor can assist in reporting plan