Trust Fund Audits (PRSB)

Due to the increased scrutiny being proposed by Congress on payroll service bureaus, we can perform Trust Fund Audits using agreed upon procedures. The procedures are similar to an audit of cash in a financial statement audit. The bank accounts are confirmed, bank reconciliations are tested and the associated tax liabilities would be reviewed and tested as well. The project results in a report that you can share with your clients or prospects to demonstrate you are complying with best industry practices in regards to handling their tax escrow funds.