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Technical

Auditing Employee Benefit Plans Logo aicpa

  Karen Bell, CPA; Josie Hammond, CPA; Becky Mill... |   Free |   AICPA |   May 2018 |   Accounting |   AICPA Store

Master the fundamentals of auditing employee benefit plans in accordance with AICPA standards and ERISA rules and regulations. Written by a member on the expert panel for EBP, this CPE course is designed to give you an understanding of requirements and audit procedures related to defined contribution, defined benefit, and health and welfare plans to help you more effectively plan and carry out your audit.

Hot topics this year include FASB ASU 2015-07 and FASB ASU 2015-12, which significantly impacted accounting, reporting and disclosures for employee benefit plans.

Learning Objectives

This course will prepare you to do the following:

  • Determine how to audit employee benefit plans in accordance with AICPA standards and ERISA rules and regulations
  • Identify specialized audit tests
  • Compare the scope of an audit
  • Compare the structure of the more popular employee benefit plans
  • Identify accounting requirements unique to employee benefit plans

Key Topics

  • Common plan types
  • GAAP vs. ERISA reporting requirements
  • Recent developments
  • Filing and audit requirements
  • Planning the audit and assessment of risks
  • Prohibited transactions
  • Overview of tax compliance
  • Internal control and understanding unique to employee benefit plans
  • Understanding and auditing 401(k), defined contribution, defined benefit, health and welfare, and employee stock ownership plans (ESOPs)

Who Will Benefit?

  • Auditors providing employee benefit audit and accounting services
  • Benefit plan administrators and employees of companies with responsibility for accounting and reporting for plan benefits

Enhanced On-Demand Format

This on-demand format utilizes a slide deck format, enhanced with narration and interactive exercises that are designed to increase the level of engagement and hands-on application. Drag and drop exercises, case studies, and interactive diagrams are some examples of the interactive exercises that are used to supplement traditional instruction in this learning experience.

DISCOUNTS

Employee Benefit Plan Audit Quality Center (EBPAQC) Members Save an Additional 15%

If you are a EBPAQC member, you can save 15% off the registration price.

Find out more information on the EBPAQC website.

Topics covered:
  • Employee benefit plan auditing: Technical: Limited scope audits: Certifications, Foundational
  • Employee benefit plan auditing: Technical: Limited scope audits: Scope of testing, Foundational
  • Employee benefit plan auditing: Technical: Defined contribution plans: Audit risk assessment, Foundational
  • Employee benefit plan auditing: Technical: Defined contribution plans: Internal controls/service organizations, Foundational
  • Employee benefit plan auditing: Technical: Defined contribution plans: Prohibited transactions/tax considerations, Foundational
  • Employee benefit plan auditing: Technical: Defined contribution plans: Plan investments & fair value, Foundational
  • Employee benefit plan auditing: Technical: Defined contribution plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: Defined contribution plans: Form 11-k plan (SEC) filers, Foundational
  • Employee benefit plan auditing: Technical: Defined benefit plans: Audit risk assessment, Foundational
  • Employee benefit plan auditing: Technical: Defined benefit plans: Internal controls/service organizations, Foundational
  • Employee benefit plan auditing: Technical: Defined benefit plans: Parties-in-interest/prohibited transactions, Foundational
  • Employee benefit plan auditing: Technical: Defined benefit plans: Plan investments & fair value, Foundational
  • Employee benefit plan auditing: Technical: Defined benefit plans: Using the work of an actuary, Foundational
  • Employee benefit plan auditing: Technical: Defined benefit plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: Health & welfare plans: Audit risk assessment, Foundational
  • Employee benefit plan auditing: Technical: Health & welfare plans: Internal controls/service organizations, Foundational
  • Employee benefit plan auditing: Technical: Health & welfare plans: Parties-in-interest/prohibited transactions, Foundational
  • Employee benefit plan auditing: Technical: Health & welfare plans: Plan investments & fair value, Foundational
  • Employee benefit plan auditing: Technical: Health & welfare plans: Plan obligations/using the work of an actuary, Foundational
  • Employee benefit plan auditing: Technical: Health & welfare plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: Multiemployer plans: Audit risk assessment, Foundational
  • Employee benefit plan auditing: Technical: Multiemployer plans: Internal controls/service organizations, Foundational
  • Employee benefit plan auditing: Technical: Multiemployer plans: Parties-in-interest/prohibited transactions, Foundational
  • Employee benefit plan auditing: Technical: Multiemployer plans: Plan investments & fair value, Foundational
  • Employee benefit plan auditing: Technical: Multiemployer plans: Plan obligations/using the work of an actuary, Foundational
  • Employee benefit plan auditing: Technical: Multiemployer plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: Multiemployer plans: Payroll audits, Foundational
  • Employee benefit plan auditing: Technical: ESOPs: Audit risk assessment, Foundational
  • Employee benefit plan auditing: Technical: ESOPs: Internal controls/service organizations, Foundational
  • Employee benefit plan auditing: Technical: ESOPs: Parties-in-interest/prohibited transactions, Foundational
  • Employee benefit plan auditing: Technical: ESOPs: Valuation of employer stock/using work of an appraiser, Foundational
  • Employee benefit plan auditing: Technical: ESOPs: Financial reporting, Foundational
  • Assurance: Technical: Audit, Foundational
Who Will Benefit?
  • Auditors providing employee benefit audit and accounting services
  • Benefit plan administrators and employees who are responsible for accounting and reporting for plan benefits
Key Topics
  • Common plan types
  • GAAP vs. ERISA reporting requirements
  • Recent developments
  • Filing and audit requirements
  • Planning the audit and assessment of risks
  • Prohibited transactions
  • Overview of tax compliance
  • Internal control and understanding unique to employee benefit plans
  • Understanding and auditing 401(k), defined contribution, defined benefit, and health and welfare plans
Learning Objectives
  • Determine how to audit employee benefit plans in accordance with AICPA standards and ERISA rules and regulations.
  • Identify specialized audit tests.
  • Compare the scope of an audit.
  • Compare the structure of the more popular employee benefit plans.
  • Identify accounting requirements unique to employee benefit plans.

Master the fundamentals of auditing employee benefit plans in accordance with AICPA standards and ERISA rules and regulations. Written by a member on the expert panel for EBP, this CPE course is designed to give you an understanding of requirements and audit procedures related to defined contribution, defined benefit, and health and welfare plans to help you more effectively plan and carry out your audit.

Hot topics this year include FASB ASU 2017-06, which significantly impacted master trust accounting, reporting and disclosures for employee benefit plans. In addition, PCAOB adopted AS 3101 in 2017 which resulted in significant changes to the existing auditor's report.

Enhanced On-Demand Format

This on-demand format utilizes a slide deck format, enhanced with narration and interactive exercises that are designed to increase the level of engagement and hands-on application. Drag and drop exercises, case studies, and interactive diagrams are some examples of the interactive exercises that are used to supplement traditional instruction in this learning experience.

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