Auditing Financial Statements of ERISA Plans

Course Details

Date

Tuesday, May 14, 2024

7:00am – 11:00am (Registration: 10:02am)

Location

Online

Field of Study

Accounting & Audit

CPE Credit

4 hours CPE credit

Level of Knowledge

Beginning

Vendor

AICPA

Prerequisites

None

Description

Lay the groundwork for effective ERISA audits

The new standards will enhance audits performed under the Employee Retirement Income Security Act (ERISA). Understanding the clarified responsibilities of auditors and clients will ensure that you're familiar with ERISA auditing and reporting best practices.

Identify audit procedures required for investment activity, contributions, benefit payments, or withdrawals at the participant level in this all-new webcast. Join us to learn how to alter your procedures depending on the type of audit and risk assessment and determine the classification of common plan investments.

You will also gain valuable knowledge on GAAP presentation and disclosure requirements for EBP financial statements.

Highlights

  • Auditing the statement of net assets available for benefits
  • Types and classification of common plan investments
  • Plan investment audit procedures based upon type of audit and risk assessment
  • Auditing the statement of changes in net assets available for benefits
  • Audit procedures at the participant level required for investment gains (or losses), contributions, and benefit payments or withdrawals
  • Presentation and disclosure requirements in accordance with GAAP

    Objectives

    • Identify auditing procedures for the statement of net assets available for benefits and the statement of changes in net assets available for benefits.
    • Recognize the types and classification of common plan investments.
    • Distinguish plan investment audit procedures based upon type of audit and risk assessment.
    • Identify audit procedures at the participant level required for investment gains (or losses), contributions, and benefit payments or withdrawals.
    • Recognize the presentation and disclosure requirements in accordance with GAAP.

    Designed For

  • Auditors of employee benefit plans
  • Practitioners considering the addition of EBP audits as a service offering
  • Accountants in business and industry responsible for company benefits

  • Course Pricing

    WYOCPA Member Fee
    $213.00

    Non-Member Fee
    $261.00

    Your Price
    $261.00

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