- NY Credits : 16.0
- TX Credits : 16.0
This course examines topics related to audits of employee benefit plans. Lesson 1 takes a look at employee benefit plans in general, covering topics such as the different types of plans available and different arrangements and requirements for such plans. This lesson allows the user to become fully versed in the background information of employee benefit plans before looking at more specific auditing issues. Lesson 2 takes a more specialized look at special auditing considerations that apply to employee benefit plans. It does not focus on general procedures followed during an audit engagement, but instead it examines auditing considerations related to contributions received and receivable, investments, benefit obligations and other issues specifically related to employee benefit plans.
Course Expiration Date: April 30, 2020
Please note, the grading fee for answer sheets submitted by regular mail is $105.
Identify the different types of employee benefit plans that are available.
Recognize how such plans are administered, the different types of trust arrangements, investment and insurance contracts, and actuarial assumptions used by benefit plans.
Identify the authoritative literature and the ERISA, IRS, and DOL reporting and audit requirements that apply to employee benefit plans.
Identify special considerations for auditing an employee benefit plan's contributions received, contributions receivable, participant data and investments.
Recognize the special auditing considerations that will apply when dealing with an employee benefit plan's benefit payments; benefit obligations; and other assets, liabilities, and operating expenses.
Lesson 1—Background Information
Lesson 2—Special Auditing Considerations