Audits of Employee Benefit Plans Subject to ERISA

Overview

Employee benefit plan audits are examined to help you understand the intricacies of EBP planning, reporting and compliance with applicable auditing standards.

Prerequisites

None

Objectives

• Recognize key terms and definitions related to ERISA plans.
• Identify the different types of employee benefit plans (EBPs).
• Recognize operational and compliance elements of ERISA plans
• Identify the basic financial statements for all ERISA plans.
• Recognize differences between GAAP and ERISA reporting.
• Identify the risks of material misstatement related to financial statement line items on the statements of net assets available for benefits.
• Recognize audit procedures commonly performed in a defined contribution retirement plan (DC plan) audit, including notes receivable from plan participants.
• Identify audit requirements when using the work of a specialist.

Highlights