Auditing Financial Statements of ERISA Plans

Overview

New standards will affect your ERISA audits - be prepared. Become comfortable around the new standards to continue performing ERISA-compliant audits.

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.

Course Instructor: Randy M. Dummer

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

Prerequisites

None

Designed For

Auditors of employee benefit plans

Practitioners considering the addition of EBP audits as a service offering

Accountants in business and industry responsible for company benefits

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.