On Feb. 10, 1996, President Clinton spent seven hours in Mason City and Clear Lake, visiting the Farmerâs Co-Op and its manager Glenn Brady in Clear Lake; speaking at North Iowa Area Community College; and having a potluck dinner at the Bruce Davison farm east of Mason City.
It is therefore not surprising that timely preparation of audit documentation (working papers) is a mandatory requirement of ISA 230.As to audit documentation in general, it seems that many students do not fully appreciate the extent to which audit documentation should be prepared, and its form and content.
The IRS will now review restated plan documents either every five or six years, depending on the type of plan document (individually designed, pre-approved prototype, or volume submitter). Pre-approved plan documents (also referred to as prototype and volume submitter) will be required to be restated every six years. For employers sponsoring individually designed plans who have a 1 or 6 as the last digit of their EIN, plan amendments and IRS submissions are due by January 31, 2007.