CPE Self-Study

Advanced Auditing of Employee Benefit Plans: Client Acceptance or Continuation

  • $59.00-$69.00
    Advanced Auditing of Employee Benefit Plans: Client Acceptance or Continuation Availability : Online Access Product #: 166230
    AICPA Member: $59.00
    Non-Member: $69.00

Refresh your existing knowledge in acceptance and continuation procedures for defined contribution, defined benefit, and health and welfare plans. This module is part of Advanced Auditing for Employee Benefit Plans. The interactive online self-study course covers many of the same competencies found on the advanced employee benefit plans audit certificate exams and includes individual modules to customize your experience. To learn more, visit the Employee Benefit Plans Audit Certificate Programs website for more information on the certificates and additional learning options.

In this new CPE course, you will evaluate why it is important for auditors to take a risk-based approach to plan acceptance/continuation. Developed for experienced EBP auditors, you will go through a plan audit acceptance/continuation exercise, in which you will review acceptance and continuation criteria for defined contribution, defined benefit, and health and wellness plans. Learn about the specific legal and ethical requirements and independence rules related to EBP audits as well as aspects of preparing an EBP engagement letter. Choose which plan type you would like to focus on during the course, or learn about all three!

Learning Objectives

This course will prepare you to:

  • evaluate the criteria for deciding whether to accept or continue a client relationship and specific engagement.
  • evaluate the unique applicable independence and other ethical requirements associated with the engagement and recommended procedures to comply including engagement specific independence requirements and documentation.
  • evaluate the potential conflicts of interest for the engagement and propose engagement scope and procedures to address.
  • formulate an engagement letter in accordance with applicable governing requirements, standards, or guiding principles.

Key Topics

  • EBP audit acceptance and continuation policies and requirements
  • Legal and ethical requirements related to acceptance and continuation of EBPs
  • EBP-specific risk factors to consider
  • Independence rules related to audits of EBPs
  • Preparing and writing engagement letters for an EBP audit

Who Will Benefit?

Auditors from small to large firms interested in enhancing his/her intermediate to advanced competencies in employee benefit plan auditing.

System Requirements

About the Authors

JulieAnn C. Verrekia, CPA

Julie has more than 20 years of experience in accounting and auditing specializing in employee benefit plans. Julie is a former managing director of the employee benefit plan practice in the Philadelphia office of PricewaterhouseCoopers LLP.

Julie's responsibilities included serving Fortune 500 clients as well as major financial services firms. She also was responsible for employee benefit plan quality issues for the southeast region of PwC and was a key member of a team of national office employee benefit plan specialists who oversaw the development of practice aids and training for the entire firm.

Our director of quality control, Julie assists the AICPA in writing employee benefit plan publications including Audit and Accounting Guide Employee Benefit Plans.

About the 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.