Louisiana Law requires that we audit our members once a year. While this process may sound intimidating, Homebuilders SIF is here to make the process as simple as possible! Read below to learn what documentation is required for your annual audit and how to submit your files.
Annual Audit Checklist
In order to complete your audit, please provide the following audit documentation:
IF there is Direct Employee Labor/W-2 Labor, please provide one of the following:
• Payroll Summary
• Payroll Book/Ledger
• Quarterly SUTA’s for the Applicable Coverage Period
IF there was no labor paid during the period, please provide one of the following:
• Profit and Loss Statement
• General Ledger
• Check Register
• Bank Statements with Copies of Cancelled Checks
IF there is Non-Employee Labor/1099 Labor, please provide one of the following:
• Vendor Summary/Transaction List by Vender
• General Ledger
• Check Register
• Bank Statements with Copies of Cancelled Checks
Additional Documentation Required to Complete Your Audit:
• Audit Questionnaire
• Job Duties for all Employees, Contract Laborers, and Subcontractors
• Certificates of Insurance for all Insured Subcontractors
{NOTE: COI’s must cover all dates of payment}
IF there was CASH labor paid, please provide one of the following:
• A Cash Log detailing dates and payments made to laborers
If your audit is performed with your CPA or accountant and you are not present, it is imperative that all records as outlined above are provided. If your representative does not have all records at the time of audit, your audit may be considered unobtainable.
Watch Our Video For Tips for a Successful Audit!
Submit Your Audit
Please include your company name or policy number when sending in documents. If you are having an issue mailing the information, please call our office at
(225) 387 – 0286 and we will assist you in mailing it in.
(225) 334 – 0666
Fax
Home Builders SIF
PO BOX 2911
Baton Rouge, LA 70821
PO BOX 2911
Baton Rouge, LA 70821