- NY Credits : 7.0
- TX Credits : 7.0
Companion to PPC's Guide to Audits of Employee Benefit Plans - Course 3 - Pre-engagement Activities and Audit Planning (EBPTG183)
This interactive self-study course discusses the pre-engagement activities and audit planning that is necessary to perform an audit of an employee benefit plan. Lesson 1 covers engagement acceptance and continuance and establishing the terms of the engagement. Lesson 2 discusses audit planning, understanding the plan and its environment, and understanding internal control. Lesson 3 concludes the course with a discussion of audit planning decisions and judgments, the use of a specialist, timing and coordination, audit sampling, the organization and structure of detailed audit plans and workpapers, and initial engagements.
Course Expiration Date: April 30, 2019
Please note, the grading fee for answer sheets submitted by regular mail is $105.
Identify considerations about engagement acceptance and continuance, documenting the acceptance or retention decision, and establishing the terms of the engagement that may affect the audit of an employee benefit plan.
Recognize appropriate strategies for audit planning in an employee benefit plan engagement, including risk assessment and the engagement team discussion.
Identify methods of obtaining an understanding of the plan and its environment.
Identify methods for obtaining an understanding of the plan's internal control.
Determine how to make audit planning decisions and judgments in the audit of an employee benefit plan.
Identify important considerations for using a specialist, timing and coordination, audit sampling, the organization and structure of detailed audit plans and workpapers, and initial engagements.
Lesson 1—Engagement Acceptance and Continuance
Lesson 2—Audit Planning, Understanding the Plan and Its Environment, and Understanding Internal Control
Lesson 3—Planning Decisions and Judgments and Other Considerations That Could Affect the Audit