Advanced Employee Benefit Plan Topics Topics (111114A-13)
Description
Many auditors encounter similar issues when performing an audit of an
employee benefit plan. This course is designed to go beyond the basics
of preparing workpapers and financial statements and instead explore the
more advanced issues related to auditing employee benefit plans. The
material will provide the auditor with the appropriate tools to address
some of the most common problems noted during the audit process.
Learning Objectives
Identify and address complex risks noted through-out the audit process
Implement changes in compliance rules and legislative issues
Distinguish between over and under auditing practices based on case
studies and group discussions
Identify challenging audit issues such as fair value accounting
measurement, participant loans, disclosure requirements, audit opinions
and much more
Major Topics
Group discussions, case studies, identification of best practices and
review of various discussion questions
Review of FASB ASU No. 2010-25 Reporting Loans to Participants by
Defined Contribution Pension Plans
FASB ASU 2010-06 Improving Disclosures about Fair Value Measurements
Implementation of new SAS's 118, 119 and 120 related to supplemental
schedules
Service Organization SAS clarification
Course Level
Advanced
CPE Field of Study
Accounting
4
Auditing
4
Prerequisites
Experience with the employee benefit plan audit process and a working
knowledge of ERISA
