Course ID: EBPD

Documenting Your EBP Audit: What You Need to Know

During this course, you will be challenged in new ways to think holistically about your level of audit documentation. Employee benefit plans are a unique entity, and the performance of audit procedures will involve testing items that are not typically tested in audits of other types of entities. Even experienced auditors may find it difficult to ascertain exactly what documentation is sufficient. This course has been developed to provide participants with real examples and real solutions. Throughout this course, we will tackle the most common areas in EBP audits where detailed documentation is critical to supporting the audit conclusions. This course is designed to accomplish the following objectives: – Understand the professional standards which relate to audit documentation, and be able to apply them in various audit situations you will encounter while performing EBP audits. – Work through a comprehensive approach to audit documentation, using hands on group exercises and discussions, in several common audit areas. – Provide participants with the knowledge to develop a plan at their firm that will provided a consistent approach to EBP audit documentation


LEARNING OBJECTIVES
  • Recognize areas in employee benefit plan audits which commonly lead to documentation deficiencies.
  • Recall how to document risk assessment in an EBP audit
  • Identify the aspects of documentation that provide audit evidence

MAJOR TOPICS
  • Audit planning
  • Toolkit items for the EBP Auditor
  • Documentation Practices – Statement of net assets available for benefits
  • Key audit area in the statement of changes in net assets available for benefits
  • Participant data an dparticipant accounts
  • Other audit area initial audits, plan mergers and other issues

DESIGNED FOR
Auditors providing employee benefit audit and accounting services

FIELD OF STUDY
Auditing

PREREQUISITES
None

COURSE PRODUCER
AICPA

CPE CREDITS
8.0

LEVEL
Basic

This course is available for your group as:

Group Live
 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: 888-481-3500 or learn@blionline.org