Employee Benefit Plans Industry Developments -- Audit Risk Alert

• How This Alert Helps You
• Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
• Economic and Industry Developments
  • The Current Economic Crisis
  • Government Intervention to Curtail the Economic Crisis
  • Effect on Employee Benefit Plans
• Hot Topics
  • Fair Value Measurements and Disclosures
  • Limited Scope Audits
  • Stable Value Funds
  • Going Concern Matters
  • ERISA-Covered 403(b) Employee Benefit Plans
  • Client Acceptance and Continuance Considerations
  • The Pension Protection Act and Other 2008 Legislation
• Audit and Accounting Guide Revision as of March 1, 2009
• Audit and Attestation Issues and Developments
  • SAS No. 70 Issues
  • Auditing Plan Fees and Expenses
  • Payroll Data
  • Actuarial Reports for Defined Benefit Plans
  • Allocation Testing for Defined Contribution Plans
  • Missing Participant Data
  • Securities Lending
  • Form 11-K Audits
  • Auditing Accounting Estimates
  • Management Letter of Representations
• Accounting Issues and Developments
  • Unrelated Business Income Tax and FASB Interpretation No. 48
  • FASB Accounting Standards Codification™
• Recent Pronouncements
• Regulatory Developments
  • The DOL Provides Guidance on Fiduciary Duties in Response to Abuses Involving the Madoff Investment Firm
  • IRS Enhances Employee Plans Compliance Resolution System
  • 2008 Form 5500 Series
  • Electronic Filing of Form 5500 and Changes to the 2009 Form 5500
  • Correspondence From EFAST or the DOL OCA
  • The EBSA's Inspection Programs to Assess Plan Audit Quality
  • DOL Fiduciary Education Campaign
  • Delinquent Filer Voluntary Compliance Program
  • Voluntary Fiduciary Correction Program
  • DOL Outreach and Customer Service Efforts
  • Timeliness of Remittance of Participant Contributions Remains an Enforcement Initiative for the EBSA
  • The DOL Issues Final Rule on Investment Advice Exemption for 401(k) Plans and Individual Retirement Accounts
  • New Civil Penalty Rules Regarding Disclosures to Participants (ERISA Section 502[c][4])
  • The DOL Issues Final Rule for Distributions to Missing Nonspouse Beneficiaries
  • The DOL Issues Final Rules on Selecting Annuity Providers for Benefit Distributions From Pension Plans
  • The DOL Issues Final Rule on Cross Trading
  • The DOL Proposes Regulations to Improve Disclosure of Fees and Expenses to Workers With 401(k)-Type Benefit Plans
  • The DOL Issues Guidance on Reporting Service Provider Fee and Compensation Information (Schedule C) Reporting for 2009 Form 5500
  • Multiemployer Plan Notices
  • EBSA's Final Rule on Default Investment Alternatives for Participant-Directed Plans
  • Civil Penalty Rules For Failure to Provide Diversification Notices (ERISA Section 502[c][7])
  • Investments Reported as 103-12 Entities as Required by the DOL
  • EBSA Technical Guidance
• Recent AICPA Independence and Ethics Pronouncements
• On the Horizon
  • Overhaul Project—AICPA Audit and Accounting Guide Employee Benefit Plans
  • Auditing Pipeline—Nonissuers
  • Auditing Pipeline—Issuers
  • Accounting Pipeline
• Employee Benefit Plan Resources
  • AICPA Employee Benefit Plan Audit Quality Center
  • Resource Central
  • Publications
  • AICPA reSOURCE: Accounting and Auditing Literature
  • Continuing Professional Education
  • Webcasts
  • Member Service Center
  • Hotlines
  • Industry Conferences
  • AICPA Industry Expert Panel—Employee Benefit Plans
• Appendix A—IRS Limits
• Appendix B—Definitions of Certain Investments
• Appendix C—Auditing Health and Welfare Plans
• Appendix D—Resources for Economic Information
• Appendix E—Additional Web Resources

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