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CPE Self-Study
Documenting Your EBP Audit: What You Need To Know
NASBA FIELD OF STUDY
Auditing
LEVEL
NONE
CPE CREDITS
Online: 10.5
Tackle the most common areas in EBP audits where detailed documentation is critical to supporting the audit conclusions.

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When you log into this website with your AICPA member user account, click here to obtain the discount code to enter during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on PCPS Membership.

Employee Benefit Plan Audit Quality Center (EBPAQC) Members Save an Additional 20%!

If you are a EBPAQC member, you can save 20% off the registration price. To learn more and obtain the member discount code, visit the EBPAQC website.

CPE On-Demand
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Product details

Are you ready to be challenged in new ways and think holistically about your level of audit documentation? Employee benefit plan audits are unique as there are major deficiencies in documentation. The performance of audit procedures involves testing items that are not typically assessed in audits of other types of entities. Even experienced auditors may find it difficult to ascertain exactly what documentation is sufficient.

Authored by a former employee benefit plan expert panel member who performs peer reviews, this CPE course covers how to document your EBP audit. The first of its kind, this course tackles the most common areas in EBP audits where detailed documentation is critical to supporting the audit conclusions. Developed to provide participants with real examples and solutions, this course will help you accomplish the following:

  • Understand the professional standards which relate to audit documentation, and be able to apply the standards in various audit situations you will encounter while performing EBP audits.
  • Work through a comprehensive approach to audit documentation, using hands-on group exercises and discussion, in several common audit areas.
  • Gain the knowledge to develop a plan at your firm that will provide a consistent approach to EBP audit documentation.

Learning Objectives

In this course, you will learn to do the following:

  • Recognize areas in employee benefit plan audits which commonly lead to documentation deficiencies.
  • Recall the AICPA professional standards that address audit documentation.
  • Identify barriers and challenges to sufficient audit documentation at your firm.
  • Recall the practical aspects of unique EBP audit planning procedures.
  • Recall how to document risk assessment in an EBP audit.
  • Recognize effective documentation of system narratives and walkthroughs.
  • Recall documentation concepts for participant notes receivable.
  • Identify best practices for documenting audit procedures surrounding benefit payments.
  • Identify the aspects of documentation that provide audit evidence.
  • Recall documentation for other audit areas not related to specific accounts.

Key Topics

  • Audit planning
  • Documentation best practices for the statement of net assets available for benefits
  • Key audit areas in the statement of changes in net assets available for benefits
  • Participant data and participant accounts
  • Initial audits, plan mergers, and other issues

Who Will Benefit?

  • Auditors of employee benefit plans

DISCOUNTS

PCPS Members Receive Additional Savings!

When you log into this website with your AICPA member user account, click here to obtain the discount code to enter during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on PCPS Membership.

Employee Benefit Plan Audit Quality Center (EBPAQC) Members Save an Additional 20%!

If you are a EBPAQC member, you can save 20% off the registration price. To learn more and obtain the member discount code, visit the EBPAQC Website.

Table of contents
Ratings and reviews
Author(s)

Alice Evans, CPA, CGMA

Alice has been a CPA since 1985 and has specialized in ERISA benefit plan audits since 1999. Her current firm specializes in audits of ERISA plans, preparation of financial statements for ERISA plans, and work related to peer review and firm inspections of ERISA practices. Prior to the formation of her current firm in 2008, she was an audit executive with EBP practice of a Big Four firm. Alice enjoys meeting and talking with other EBP practitioners about their work and their lives. She and her family are the fifth generation living on their family farm in Missouri, where she enjoys cutting grass, looking after her livestock and viewing the night skies.

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Price:
$199.00
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Estimated total:
$199.00
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CREDIT INFO
CPE credits
Online
: 10.5
NASBA Field of Study
Auditing
Level
NONE
Prerequisites
None
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
EBPD
GROUP PRICING
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