The GAO is right that users of limited scope audit reports should be uncertain about what, if any, assurances these reports provide.

FORBES: Pension Red Alert: 70% Of Pensions Are Never Audited

As a result of this potentially confusing wording, users of limited scope audit reports could be uncertain about what, if any, assurance these reports provide.

FORBES: Pension Red Alert: 70% Of Pensions Are Never Audited

The OIG rightly recommended the DOL continue to seek repeal of the limited scope audit exemption, as it has (unsuccessfully) since 1984.

FORBES: $3 Trillion At Risk In Unaudited Employee Benefit Plans, Says DOL Inspector General