Business Details
Trusted CPAs for Labor Organizations & Employee Benefit Plans
Founded in New York City, Gould Kobrick & Schlapp, P.C. has specialized in providing auditing and consulting services to labor organizations and employee benefit plans for decades. Our expertise encompasses financial statement audits, payroll compliance audits, internal control evaluations, and regulatory compliance preparation. With principals boasting over 90 years of combined industry experience, we maintain membership in prestigious organizations such as the AICPA Employee Benefit Plan Audit Quality Center, the New York State Society of CPAs, and the International Foundation of Employee Benefit Plans.Our commitment to excellence is evidenced by our successful completion of triennial independent peer reviews with unmodified reports. We take pride in maintaining direct principal involvement in every engagement, ensuring unparalleled proficiency in navigating the unique accounting, audit, and regulatory challenges faced by labor organizations and employee benefit plans.
Services
Financial Statement Audits
Payroll Compliance Audits
Internal Control Evaluation
OLMS Compliance Preparation
Employee Benefit Plans Audits
Expense Allocation Studies
Union Expense Analysis
Form Preparation
Audit Representation
Investment Analysis
Highlights and features
- We offer over 60 years of combined industry experience with labor organizations and benefit plans
- Our principals maintain direct involvement in all audit engagements
- We hold exclusive industry-specific accreditations through AICPA and EBPAQC
- Successful completion of 100% of peer reviews with unmodified reports
- Specialized expertise in ERISA and non-ERISA benefit plan audits
Associations and certifications
- American Institute of Certified Public Accountants
- Employee Benefit Plan Audit Quality Center
- New York State Society of Certified Public Accountants
- International Foundation of Employee Benefit Plans
Services
Financial Statement Audits
Our comprehensive financial statement audits adhere to AICPA standards with specialized focus on labor organizations. We examine financial records, verify transactions, and ensure compliance with regulatory requirements. Our audit process provides stakeholders with accurate, reliable financial information essential for informed decision-making.
Payroll Compliance Audits
We conduct thorough payroll compliance audits to verify employers' contributions to employee benefit plans. Our auditors examine payroll records, wage calculations, and benefit remittances to ensure adherence to collective bargaining agreements and regulatory requirements. This service protects workers' benefits through accurate verification.
Employee Benefit Plans Audits
Specialized audits for ERISA and non-ERISA benefit plans covering pension, healthcare, and retirement programs. Our team examines plan operations, financial statements, and regulatory filings to ensure compliance with federal standards. We maintain deep expertise in multi-employer and single-employer plan structures.
OLMS Compliance Preparation
We assist labor organizations with compliance requirements mandated by the Office of Labor-Management Standards. Our services include LM-2 filing preparation, financial reporting guidance, and internal control implementation. This ensures complete regulatory compliance for union financial disclosures and operations.
Union Expense Analysis
Our Beck Audits analyze union expenses to distinguish between chargeable and non-chargeable expenditures. We provide detailed documentation to support expense classifications, helping organizations maintain proper financial controls and regulatory compliance with court-mandated requirements.
People
Steven T. Schlapp
Managing Partner
CPA with 45+ years of labor industry experience, monitoring regulatory compliance and professional standards. Graduate of Queens College, actively contributes to accounting profession through industry leadership roles.
Michael A. Van Sertima
CPA, CFE
Specialist in benefit plans with 25+ years experience, including controller and auditing roles. Assistant professor at CUNY and summa cum laude graduate with dual degrees in accounting and business management.
Stuart L. Kobrick
Retired Founding Partner
CPA with 50+ years experience in labor organizations, former committee chairman for NYSSCPA. Instrumental in developing accounting guidelines for welfare and pension plans, active consultant to the firm.
Questions
What industries do you specialize in?
We exclusively serve labor organizations and employee benefit plans across construction, trucking, entertainment, and public sector industries.
What certifications do your auditors hold?
Our team includes CPAs, Certified Fraud Examiners, and professionals affiliated with AICPA, NYSSCPA, and IFEBP organizations.
How do you ensure audit quality?
We undergo mandatory triennial peer reviews with AICPA and have consistently received unmodified audit opinions since establishment.
What geographic areas do you serve?
We serve clients throughout New York State, New Jersey, Connecticut, and work with national organizations through remote capabilities.
What types of employee benefit plans do you handle?
Our expertise covers ERISA and non-ERISA plans including single-employer, multiple-employer, and multi-employer pension and welfare plans.
Do your principals work directly on audits?
Yes, our firm structure ensures principal-level involvement in every audit engagement from planning through completion.
