Trust and fiduciary service
A key challenge facing trust departments is to maintain an internal audit staff that is experienced and properly trained to address the complex issues unique to the fiduciary environment. Outsourcing your trust department’s internal audit may save you money, help your bank maintain objectivity and gain increased credibility.
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Our trust and fiduciary audit staff are led by experienced, certified personnel. For over 20 years LarsonAllen has provided a variety of employee benefit plan services and currently serve more than 180 plan sponsors.
We also provide a variety of audit and consulting services to our fiduciary clients:
- SAS 70, “Reports on the Processing of Transactions by Service Organizations” audits; both Type I audit, “Reports on Policies and Procedures Placed in Operation,” and Type II audit, “Reports on Policies and Procedures Placed in Operation and Tests of Operating Effectiveness”
- Independent audit and preparation of financial statements and agreed-upon procedures engagements for common and collective funds and trust-related LLCs
- Independent audit and preparation of financial statements, and agreed-upon procedures engagements for Employee Retirement Income Security Act (ERISA) plans
- Consulting and administration for all types of ERISA employee benefit plans
- Electronic data processing (EDP) audits – review and testing of system control followed by a detailed report of the results with written recommendations
- Estate planning – consulting services for trust clients, as well as training of trust professionals
- Preparation of fiduciary tax returns
Contact us for more information.
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