Checkpoint Learning

Course Detail

Performing Efficient Audits of Employee Benefits  

CATEGORY: Accounting & Auditing
8 CPE Credits

Designed for accountants in public practice and industry that want to increase their effectiveness in auditing employee benefit plans, this webinar provides an in-depth review of ERISA regulations and focuses on an efficient compliance audit methodology for those rules.

Regulators are concerned about compliance with DOL and IRS regulations - not just traditional financial statement reporting. Therefore, auditors need to focus on two issues: (1) what constitutes noncompliance and how noncompliance might occur; and (2) what the auditor is required to test to determine if there is noncompliance. This webinar explains how to audit employee benefit plans in compliance with DOL and AICPA standards and also identifies the changes related to the Clarity Project that have been incorporated in the AICPA Audit and Accounting Guide: Employee Benefit Plans. Discussion will also focus on common deficiencies in examining contributions, distributions, participant data, investments, and prohibited transactions.

Course topics include:

  • Latest ERISA, DOL, and IRS regulations
  • Accounting standards update
  • Audit planning procedures
  • Unique audit issues for benefit plans: contributions, investments, participant data, limited scope engagements
  • Risk assessment strategies
  • Auditing information technology
  • Common engagement deficiencies

Please see outline below for webinar break schedule.

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