The Department of Labor (DOL) oversight and monitoring of audit quality has intensified and will continue for employee benefit plan (EBP) audits for the foreseeable future. EBP audits present a myriad of practice issues and risks that practitioners must address. This advanced course provides guidance and best practices in planning, performing and documenting these audits. The course will discuss skills and knowledge to: • Stay current on regulatory initiatives, findings and actions • Identify and address recurring difficult and complex accounting, auditing, and financial reporting issues in EBP engagements • Effectively perform required auditing procedures • Document evidence obtained to support the opinion • Identify deficiencies and focus on best practices • Report prohibited transactions Participants will be able to: • Address and implement current ASU (FASB) updates • Identify current auditing issues with common sense solutions • Prepare adequate and sufficient audit documentation that will satisfy the professional standards for documentation and the DOL • Avoid mistakes and deficiencies in financial reporting and disclosures noted by DOL Audit Quality Study and Peer Reviews Prerequisites/Advanced Preparation:Experience in conducting audits of employee benefit plans.