Auditing: Employee Benefit Plans (Currently Unavailable)

Author: James F. Green, CPA

This course provides a basic introduction to the cornerstone issues involved in auditing the financial statements of employee benefit plans of nongovernmental entities.

Publication Date: September 2017

Designed For
Auditing professionals

Topics Covered

• Annual reporting to the U.S. Department of Labor, Internal Revenue Service, and Pension Benefit
• Guaranty Corporation; Investments and fair value measurements
• Financial-statement and assertion-level audit risks
• Line-item and broad audit areas
• Effects of related party and party-in-interest transactions
• Use of reports on controls over service organizations

Learning Objectives

• Describe common employee benefit plans and their nature
• Summarize how plan reporting interacts with federal laws and regulations
• List the basic financial statements of common employee benefit plans
• Identify the role that fair value measurements play in plan reporting
• Cite the key audit areas for employee-benefit-plan financial statements
• Explain how a plan's use of service organizations affects the audit

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
A general understanding of authoritative generally accepted accounting principles (GAAP) for nongovernmental entities and generally accepted auditing standards (GAAS).

Advance Preparation
None