Situation: A plan sponsor learned in late August that an employee benefit plan audit was required before the October 15 filing deadline.

Solution: Tronconi Segarra & Associates coordinated an accelerated audit and identified an approximately $300,000 prior-year misstatement in employer contributions.

Impact: The audit was completed in time for the filing deadline, and the misstatement was corrected in the current-year financial statements and Form 5500 reporting.