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.
When you complete this course you will be able to: * Understand the professional standards that relate to audit documentation. *Apply the standards when performing EBP audits. *Work through a comprehensive approach to audit documentation. *Develop a plan at your firm that provides a consistent approach to EBP audit documentation.
*Audit planning *Toolkit items for an EBP Auditor *Documentation best practices for the statement of net assets available for benefits *Key audit areas in the statement of changes in net assets available for benefits *Particpant data and participant accounts