How to prepare for the new audit EBP standard

August 31, 2019

The AICPA issued a new statement on auditing standards (SAS) for employee benefit plan (EBP) audits last month.

Intended to make the auditor’s report easier to understand and more relevant, the change should lead to improved EBP audit quality.

To help you review the changes and start planning for implementation before the effective date, three steps can help you get started: familiarize yourself with the five key changes, realize when the standard must be implemented, and contemplate how it will affect what you do.

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