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Provide Top Level Service to Your EBP Audit Clients
Avoid Common Deficiencies in Employee Benefit Plan Audits
This comprehensive “must have” resource provides practical guidance and procedures on the EBP financial statement audit process required by professional standards.
Being in compliance with professional standards ensures that you pass peer review and are not at risk for rejection by the Department of Labor (DOL). Following the audit procedures laid out in this guide will help you avoid common deficiencies found by the DOL and AICPA Peer Review.
Updated by the AICPA, with input and review from the Employee Benefit Plan Expert Panel as well as some of the industry’s leading players, the 2015 edition offers essential information and hands on advice on the many aspects of auditing and accounting for employee benefit plans.
The 2015 edition provides the latest on new standards requirements including: liquidation basis of accounting, using the work of internal audit, disclosure of uncertainties about an entity’s ability to continue as a going concern, a revised illustrative Form 11-K auditor’s report, and expanded discussion of engagement quality control reviews.
Key updates to the Guide range from knowing the requirements for liquidation basis of accounting, through an expanded look at FASB ASU No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, to a close look at the changes required by SAS No. 128, Using the Work of Internal Audit.