Audits of Employee Benefit Plans Subject to ERISA Livestream

Audits of Employee Benefit Plans Subject to ERISA Livestream

Audits of Employee Benefit Plans Subject to ERISA Livestream

Presenter

Joann Noe Cross, Emerita Professor of Accounting

Overview

Employee benefit plan (EBP) audit engagements continue to be scrutinized by regulators and peer reviewers due to a 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. We will take a deep dive into defined contribution plans (the most common type of plans audited) to comply with professional standards, ERISA and SEC requirements. You will 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.

Designed for: CPAs, accountants, auditors who perform employee benefit plan audits

Learning Objectives:

  • Recognize the auditing requirements for EBP audits to comply with applicable professional 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

Major Topics:

  • 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
8.0 CPE Credits

Registration

Registration is open through 05/26. Register by 04/26 for Early Bird Pricing.

Member Price

$339 / $289 Early-Bird pricing ends on 04/26/2021.

Nonmember Price

$439 / $389 Early-Bird pricing ends on 04/26/2021.

  • Retired, Part-time, Unemployed and Leave-of-Absence Members save an additional $50
  • AICPA Members save an additional $30

Wednesday, May 26

8:30am to 4:00pm (Check-In 8:00am)

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