Employee Benefit Plans

Detor and Williams was Hawaii’s first member of the Employee Benefit Plan Audit Quality Center of the American Institute of Certified Public Accountants, which requires that all ERISA employee benefit plan audit engagement personnel possess current knowledge of applicable professional standards and the rules and regulations for ERISA (typically through employee benefit plan-specific continuing professional education). It also requires member firms to establish policies and procedures specific to the firm’s ERISA employee benefit plan audit practice to comply with the applicable professional standards and the Center’s other membership requirements, and to make publicly available information about its most recently accepted peer review. (Our firm received unqualified opinions without letters of comment in each of its peer reviews.)

We perform a substantial portion of our work on laptop computers using specialized computer software. We also subscribe to and use numerous publications of the American Institute of Certified Public Accountants and Practitioners Publishing Corporation (including the electronic versions, which are available to us at all times on our laptop computers). These publications include programs and checklists designed specifically for use by practicing certified public accountants on accounting, auditing, tax, and consulting engagements in general and specialized industries (including employee benefit plans). Our practice is to use these programs and checklists on each of our engagements, and to make them part of the documentation that supports our work. Because these publications are updated regularly and used by thousands of practicing certified public accountants across the country, they assure us that we are providing our clients with the best and most up-to-date professional care and attention.