Overview
Your documentation matters
Understanding different parts of the employee benefit plan (EBP) audit process and knowing how to think holistically about your audit documentation are essential to successful EBP audits.
Learn the appropriate level of documentation while auditing employee benefit plans in this all-new webcast. Join us to gain valuable knowledge specific to EBP audits, including necessary testing that is not typically performed in other audits.
Real-life examples
Augment your understanding through real-life examples and solutions, as a former employee benefit plan expert panel member and peer reviewer guides you through the webcast.
Apply your new knowledge by working in templates to truly understand EBP audit documentation while learning best practices to incorporate into your audits.
Prerequisites
None
Objectives
- 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 all elements 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
Audit planning
Risk assessment and control testing
Documentation best practices for investments and notes receivable
Key audit areas in the financial statements, such as contributions, benefit payments, and plan expense
Participant data and participant accounts
Initial audits, plan mergers, and other issues
