May 14, 2024

Webcast Replay

4 CPE

Auditing Financial Statements of ERISA Plans

May 14, 2024
Webcast Replay
4 CPE

Auditing Financial Statements of ERISA Plans

  • View Bio

    Instructor

    Glenn
    Helms

    View Bio

    Glenn Helms, Ph.D., CPA, CISA, CIA, CFF, CITP

    Bio

    Glenn Helms, Inc.

    Dr. Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP, has many years of public accounting experience, and serves as a consultant to various organizations including CPA firms, financial institutions, and large and small entities. He was the Arthur Young Fellow in IT Auditing at the University of Houston and has served as director of certification for the International Certified Information Systems Auditor program.

    Helms has published more than 60 articles in a wide range of practitioner and academic journals, and has served on the editorial advisory boards of several national and international journals. His books address security, controls and fraud in a variety of environments. He has presented more than 2,000 professional seminars throughout North and South America, Europe and Asia, and has authored numerous CPE courses. He is a multiple year recipient of the Don Farmer Award, and has won the Outstanding Discussion Leader Award from the AICPA for every year that the award has been presented.

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.

Learning 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.

Major Topics

· 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

CPE Credits Available

4 CPE
2
Accounting
2
Auditing

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Accounting & Auditing
  • Accounting and Auditing

Prerequisites

None

Advanced Preparation

None

Intended Audience

· 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

Provider

AICPA

This event has ended.