Self-Assessment Criteria for the Annual Audit of the Arrangement Between a Plan Sponsor and a Fiduciary Adviser
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The Pension Protection Act of 2006 (PPA) requires an independent audit of the "eligible investment advice arrangement" (Arrangement) between a qualified plan sponsor and a "fiduciary adviser" (an Investment Advisor who is providing specific investment advice to participants in order for the plan sponsor to avoid liability for their investment advice. This checklist describes the criteria on the annual audit of the arrangement Between a Plan Sponsor and a Fiduciary Adviser.
