Seminar Course Description

Audits of Employee Benefit Plans Subject to ERISA

Locations

CITY STATE DATES OFFERED STATE SOCIETY WEBSITE
Little Rock Arkansas Dec 18, 2020 ARCPA
Denver Colorado Nov 04, 2020 COCPA
Atlanta Georgia Nov 02, 2020 GSCPA
Chicago Illinois Jan 27, 2021 ICPAS
Indianapolis Indiana Dec 04, 2020 INCPAS
Troy Michigan Dec 14, 2020 MICPA
Bloomington Minnesota Nov 02, 2020 MNCPA
New Jersey Nov 16, 2020 NJCPA
Oklahoma City Oklahoma Nov 23, 2020 OSCPA
Beaverton Oregon Nov 16, 2020 OSCPA

Employee benefit plan (EBP) audit engagements continue to be scrutinized by regulators and peer reviewers due to history of noncompliance with applicable professional standards. Auditors require proper skills to perform EBP engagements effectively. You will work through the plan audit process from client acceptance/continuance through engagement archive. As the most common type of plans audited, you will take a deep dive into defined contribution plans to comply with professional standards (including new Statements on Auditing Standards), ERISA and SEC requirements. You will also obtain an awareness of additional considerations when auditing defined benefit pension plans and health and welfare benefit plans. Tap into ways to plan and conduct effective risk-based plan audits to comply with professional standards while maximizing efficiency.

Learning Objective

When you complete this course you will be able to:

  • Recognize the auditing requirements for EBP audits to comply with applicable professional standards, including new Statements on Auditing Standards, and regulator expectations.
  • Identify accounting requirements unique to employee benefit plans
  • Identify efficient ways to plan and conduct an effective risk-based EBP audit.
  • Recognize new auditing, accounting and regulatory developments impacting EBP audits.

Topics Dicussed

  • Background of ERISA plan audits
  • GAAP vs. ERISA reporting requirements
  • 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
<< Back

COURSE CODE

AUEBP

FIELD OF STUDY

  • Accounting (2)
  • Auditing (6)

CPE CREDIT HOURS

8

KNOWLEDGE LEVEL

Basic

INTENDED AUDIENCE

Auditors of employee benefit plans, practitioners considering the addition of EBP audits as a service offering, and accountants in business and industry, responsible for company benefits

PREREQUISITE

None

ADVANCED PREPARATION

None

DELIVERY METHOD

Group Live, Self-Study On-Demand, Self-Study Text, Webcast

Email course to a friendEmail course to a friend

Contact State Societies for Public Seminar Pricing and Additional Information

Copyright © 2006-2020 American Institute of CPAs.