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Audits of Employee Benefit Plans Subject to ERISA

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Online, OK 00000

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8.50 Credits

Member Price $349

Non-Member Price $419

Overview

Employee benefit plan audits are examined to help you understand the intricacies of EBP planning, reporting and compliance with applicable auditing standards.

Highlights

  • Audit planning and pre-engagement activities
  • Risk assessment, including consideration of internal control
  • Auditing the statement of net assets available for benefits
  • Auditing the statement of changes in net assets available for benefits
  • Other auditing considerations, including prohibited transactions and tax compliance
  • The auditor's report
  • Financial statement disclosures
  • Supplemental schedules

    Prerequisites

    None

    Designed For

  • Auditors of employee benefit plans
  • Practitioners considering adding EBP audits as a service offering
  • Accountants in business and industry responsible for company benefits

    Objectives

    • Recognize key terms and definitions related to ERISA plans.
    • Identify the different types of employee benefit plans (EBPs).
    • Recognize operational and compliance elements of ERISA plans
    • Identify the basic financial statements for all ERISA plans.
    • Recognize differences between GAAP and ERISA reporting.
    • Identify the risks of material misstatement related to financial statement line items on the statements of net assets available for benefits.
    • Recognize audit procedures commonly performed in a defined contribution retirement plan (DC plan) audit, including notes receivable from plan participants.
    • Identify audit requirements when using the work of a specialist.

    • Leader(s):

    • Randy Drummer, AICPA

    Non-Member Price $419

    Member Price $349

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