Course Detail

Audits of Employee Benefit Plans Subject to ERISA


Employee benefit plan (EBP) audit engagements continue to be scrutinized by regulators and peer reviewers due to history of noncompliance with applicable professional standards. Auditors require proper skills to perform EBP engagements effectively. You will work through the plan audit process from engagement acceptance to reporting and completion. As the most common type of plans audited, you will take a deep dive into 401(k) plans. Tap into ways to plan and conduct effective risk-based plan audits to comply with professional standards while maximizing efficiency.


• GAAP vs. ERISA reporting requirements
• Audit planning
• 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


When you complete this course you will be able to:
• Recognize accounting and auditing requirements for a compliant
audit of defined contribution plans.
• Identify appropriate audit procedures to plan, perform and report on
401(k) financial statements.
• Recognize new auditing, accounting and regulatory developments
impacting EBP audits, including SAS No. 136.



Designed For:

Auditors of EBPs, practitioners
considering the addition of EBP
audits as a service offering, and
accountants and finance
professionals in business and
industry responsible for
company benefits.

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