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Employee Benefit Plans: Audit and Accounting Guide
Publication

Employee Benefit Plans: Audit and Accounting Guide

Designed to bridge the gaps between the what, why and how to satisfy your auditor responsibilities, this guide gives you confidence when issuing your audit reports, or when others are evaluating your work.

$135 - $175
Do you have an AICPA membership? Log in to apply your member discount.

Format

Subscription

Availability

1 year

Key Topics
  • Guidance on accounting, reporting and disclosure for EBP transactions not addressed in FASB ASC as supported by FinREC
  • Use of a SOC 1 report
  • Use of a specialist (including actuaries and appraisers)
  • Forming an opinion and reporting on EBP financial statements (for full and limited scope EBP audits)
  • Illustrative auditor communications and financial statements
  • Explanation of pervasive regulatory requirements (DOL rules and regulations)
  • References to authoritative accounting guidance for defined contribution (DC), defined benefit (DB) and health and welfare (HW) plans in FASB ASC
  • Essential guidance for application of GAAS in an EBP audit.
Product Details

Your roadmap to EBP audit success

Whether you're a new or seasoned EBP auditor, you want your name to be on work you can be proud of. This guide is your ideal roadmap to compliance, giving you authoritative guidance, practical tips and illustrative examples to help you at each stage of the audit.

Flawlessly navigate every turn from acceptance to completion.

Designed to bridge the gaps between the what, why and how to satisfy your auditor responsibilities, this guide gives you confidence when issuing your audit reports, or when others are evaluating your work.

In the spotlight — Risk Assessment (including internal control) and Documentation

Taking the guess-work out of risk assessment and development of audit procedures by EBP audit area for DC (including ESOPs), DB and HW plans

  • Defined relevant assertions
  • Example Risks of Material Misstatement (“what can go wrong”) at the relevant assertion level to consider
  • Example audit procedures to consider in response to what can go wrong
  • Rerouting to avoid roadblocks and focus on issues that may require consultation
  • Providing Simple route to your destination&helllip; an effective and efficient risk-based EBP audit performed and documented in accordance with professional standards

Updates in the 2019 edition

  • Address the issuance of FASB ASU 2017-06 for master trust reporting.
  • Highlight select recent developments in standards impacting EBP auditing and accounting.

Important Note: The 2019 edition has been updated to reflect adoption of FASB ASU 2017-06, Employee Benefit Plan Master Trust Reporting, effective for fiscal years beginning after December 15, 2018. For plans that are not early adopting FASB ASU 2017-06, we are continuing to offer the 2018 edition in all formats as a resource for requirements prior to the effective date of the ASU.

Who Will Benefit
  • Practitioners in public practice with EBP clients
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$175.00
AICPA Members
$135.00

Looking for group pricing?

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

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Employee Benefit Plans: Audit and Accounting Guide
Nonmember Price
$175.00
Price excluding sales tax
$175.00
Do you have an AICPA membership? 
Log in to apply your member discount.
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