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In light of these poor findings, EBSA has made several recommendations including initiatives with State Boards of Accountancy and the AICPA to improve processes for reviewing and sanctioning CPAs who perform significantly deficient work. (Photo: iStock)

Retirement plan administrators hired a total of 7,330 CPA firms to audit 81,162 retirement plans across the country, according to a study published by the U.S. Labor Department’s Employee Benefits Security Administration (EBSA).

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