Overview
Lay the groundwork for effective ERISA audits
The new standards will enhance audits performed under the Employee Retirement Income Security Act (ERISA). Understanding the clarified responsibilities of auditors and clients will ensure that you're familiar with ERISA auditing and reporting best practices.
Identify audit procedures required for investment activity, contributions, benefit payments, or withdrawals at the participant level in this all-new webcast. Join us to learn how to alter your procedures depending on the type of audit and risk assessment and determine the classification of common plan investments.
You will also gain valuable knowledge on GAAP presentation and disclosure requirements for EBP financial statements.
Prerequisites
None
Objectives
- Identify auditing procedures for the statement of net assets available for benefits and the statement of changes in net assets available for benefits.
- Recognize the types and classification of common plan investments.
- Distinguish plan investment audit procedures based upon type of audit and risk assessment.
- Identify audit procedures at the participant level required for investment gains (or losses), contributions, and benefit payments or withdrawals.
- Recognize the presentation and disclosure requirements in accordance with GAAP.
Highlights
Auditing the statement of net assets available for benefits
Types and classification of common plan investments
Plan investment audit procedures based upon type of audit and risk assessment
Auditing the statement of changes in net assets available for benefits
Audit procedures at the participant level required for investment gains (or losses), contributions, and benefit payments or withdrawals
Presentation and disclosure requirements in accordance with GAAP