Webcast: Documenting Your EBP Audit: What You Need to Know (XAEBPD418)
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This course will help you identify the unique audit areas in an EBP audit and provide various working paper examples that will assist you in understanding the specialized audit procedures and the documentation necessary to perform these audits in accordance with the applicable standards.

6/13/2018
When: 06/13/2018
8:00 AM until 4:00 PM
Where: Webcast
AICPA
1592507:B07E0DC56A0D86363BF069E879BC4E3D
Louisiana
United States
Presenter: Alice Evans


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Acronym XAEBPD418
CPE 8 hours
Vendor AICPA
Category
A&A
Level Basic
Prerequisite None
Adv Prep None
Yellow Book? No
Registration Fees
Members* $249
CPA Non-Members $319

*The member rate applies to LCPA members, other state CPA society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

When auditing employee benefit plan, you not only need to know auditing guidance but due to the uniqueness of these audits, you need to understand compliance requirements as well. Pairing these two together and keeping track of all documentation needed can be challenging. This course will help you identify those unique audit areas and provide various working paper examples that will assist you in understanding these specialized audit procedures and the documentation necessary to perform an audit in accordance with the applicable standards. You will work through the testing of audit areas such as participant data, contributions and contributions receivable, benefit payments, parties in interest and prohibited transactions, subsequent events, commitment and contingencies, and administrative expenses and gain knowledge of key audit deficiencies. In addition, throughout this course you will participate in group exercises which include specific working papers in order to understand what is required for documenting your audit procedures. You will gain an understanding of the audit reporting requirements, financial statements, including note disclosures, as well as the communications to those charged with governance.

Objectives

  • Identify audit areas unique to employee benefit plans.
  • Recall procedures for the specialized audit areas.
  • Recognize the documentation necessary to perform a quality audit.
  • Distinguish between the documentation requirements on an employee benefit plan audit compared to a financial statement audit.

Major Topics

  • Audit planning
  • Toolkit items for the EBP Auditor
  • Documentation Practices – Statement of net assets available for benefits
  • Key audit area in the statement of changes in net assets available for benefits
  • Participant data an dparticipant accounts
  • Other audit area initial audits, plan mergers and other issues

Note: Login instructions will be provided by the webcast vendor (AICPA).