April 29, 2025

Webcast Replay

8 CPE

Documenting Your EBP Audit: What You Need to Know

April 29, 2025
Webcast Replay
8 CPE

Documenting Your EBP Audit: What You Need to Know

  • View Bio

    Instructor

    Alice
    Evans

    View Bio

    Alice Evans, CPA, CGMA

    Bio

    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.

What you document matters Understand different parts of the employee benefit plan (EBP) audit process, and learn to think holistically about your level of audit documentation. Understand the appropriate level of documentation in the performance of audit procedures of employee benefit plans, which will involve testing items that are not typically tested in audits of other types of entities. Real-life examples Learn from real-life examples and solutions, guided by a former employee benefit plan expert panel member and someone who performs peer reviews. Work in templates to truly understand documentation in an EBP audit, and learn best practices for documentation to incorporate into your audits.

Learning Objectives

  • Recognize areas in employee benefit plan audits that commonly lead to documentation deficiencies.
  • Recall the AICPA professional standards that address audit documentation.
  • Recall the practical aspects of unique EBP audit planning procedures.
  • Recognize effective documentation of all elements of risk assessment.
  • Recognize effective documentation of system narratives and walk-throughs.
  • Recall documentation concepts for investments and participant notes receivable.
  • Identify best practices for documenting audit procedures surrounding contributions and benefit payments.
  • Recall documentation for other audit areas not related to specific accounts.

Major Topics

  • Audit planning
  • Risk assessment and control testing
  • Documentation best practices for investments and notes receivable
  • Key audit areas in the financial statements, such as contributions, benefit payments, and plan expense
  • Participant data and participant accounts
  • Initial audits, plan mergers, and other issues

CPE Credits Available

8 CPE
8
Auditing

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Accounting and Auditing; Accounting & Auditing
  • Pracitioner
  • Pracitioner's
  • Pracitioners

Prerequisites

None

Advanced Preparation

None

Intended Audience

ยท Auditors of employee benefit plans

Provider

AICPA

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