When you complete this course you will be able to:

• Recognize the auditing requirements for EBP audits to comply with applicable professional standards and regulator expectations;
• Identify accounting requirements unique to employee benefit plans;
• Identify efficient ways to plan and conduct an effective risk-based EBP audit;
• Recognize new auditing, accounting, and regulatory developments impacting EBP audits.

• Background of ERISA plan audits
• GAAP vs. ERISA reporting requirements
• Audit planning and pre-engagement activities
• Risk assessment, including consideration of internal control
• Auditing the statement of net assets available for benefits
• Auditing the statement of changes in net assets available for benefits
• Other auditing considerations, including prohibited transactions and tax compliance
• The auditor’s report
• Financial statement disclosures
• Supplemental schedules

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