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

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