You'll learn best practices for documenting the work and thought processes behind your employee benefit plan audit.
DESIGNED FOR
Auditors of employee benefit plans
BENEFITS
- Recognize areas in employee benefit plan audits that commonly lead to documentation deficiencies.
- Recall the AICPA professional standards that address audit documentation.
- Recall the practical aspects of unique EBP audit planning procedures.
- Recognize effective documentation of risk assessment.
- Recognize effective documentation of system narratives and walk-throughs.
- Recall documentation concepts for investments and participant notes receivable.
- Identify best practices for documenting audit procedures surrounding contributions and benefit payments.
- Recall documentation for other audit areas not related to specific accounts.
HIGHLIGHTS
Professional standards
Audit planning
Risk assessment and control testing
Documentation best practices for investments and plan expenses
Key audit areas in the financial statements, such as contributions and contributions receivable, benefit payments, and participant notes receivable
Participant data and participant accounts
Initial audits, plan mergers, and other issuesPREREQUISITES
None
ADVANCE PREPARATION
N