Auditor's Toolbox

A method of displaying accounting data for a fund company, comprising:

• a plurality of employees at a second company contributing to a defined contribution plan offered by the fund company
• an administrator at a third company collecting and storing records for the overall defined contribution plan and for disallowing access to portions of records on a computer system for the defined contribution to non-authorized users;
• the administrator registering at least one independent auditor and providing access to all of the employees' accounting data auditing database for the employees' defined contribution plans;
• the administrator providing a computerized list of selectable reports to the at least one independent auditor at a fourth company of the defined contribution plan, wherein the list of selectable reports is in an electronic template arranged on a computer display in sequential order according to a predefined audit layout and includes at least one report viewable on the computer display by at least one auditor showing the combined accounting information for the plurality of employees in one single report;
• wherein selection of at least one selectable report by an auditor causes a generation and computer display of an auditing report showing aggregated information about the plurality of employees from said auditing database.

A method of auditing retirement accounts comprising the steps of:

• a) first company offering a defined contribution plan;
• b) a plurality of employees of a second company contributing to the defined contribution plan;
• c) an administrator at a third company collecting and maintain records for the overall defined contribution plan and for providing access to portions of the defined contribution plan;
• d) the administrator storing the records on an electronic memory connected with the network, where the records include the name, address, and position of employees of the second company;
• account balances for and contributions to the defined contribution plan by the employees;
• and the interest on and withdrawals from the defined contribution plan to maintain the accounts of the employees;
• e) the administrator posting information on a computer display in a first report format for at least one employee to view information about the at least one employee's accounting data, and not allowing the at least one employee access to others of the employees of the second company's accounting data;
• f) the administrator gathering auditing information and documents about the overall defined contribution plan and placing said information on the electronic memory;
• g) the administrator posting on an electronic display selectable reporting formats not available to said at least one employee for presenting auditing information about the overall defined contribution plan via a network in a predefined audit layout order format different from said first format, wherein said auditing information includes information on all of the employee's accounting data;
• h) an independent auditor registering with the administrator for access to the administrator's electronic memory, and the administrator providing the auditor access to all of the employees' accounting data;
• i) selecting at least one selectable reporting format to view a report on the electronic display of data stored on the administrator's electronic memory over the network, where the auditor may selectively access information on all of the employee's accounting data through the reports;
• j) a computer associated with the administrator generating a report associated with the at least one selectable reporting format in response to said auditor selection from the auditing information contained on said memory connected with the network;
• k) transmitting the report to the auditor over the network;
• and