Employee Benefit Plans Industry Developments — Audit Risk Alert

Content refers to 2008 edition

• ACKNOWLEDGMENTS
• Employee Benefit Plans Industry Developments — 2008
  • How This Alert Helps You
  • Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
  • Hot Topics
    • The Subprime Mortgage Crisis and Other Market Events
    • New Filing and Audit Requirements for ERISA-Covered 403(b) Employee Benefit Plans
    • Automatic Enrollment and Planning Considerations
    • AICPA Risk Assessment Standards
    • Limited Scope Certifications
    • Fair Value Measurements
    • FASB Staff Position AAG INV-1 and SOP 94-4-1
  • Economic and Industry Developments
    • The State of the Economy
    • Industry Trends and Conditions
  • Audit and Accounting Guide Revision as of March 1, 2008
  • Audit and Attestation Issues and Developments
    • Client Acceptance and Continuance
    • SAS No. 70 Issues
    • The Auditor's Communication With Those Charged With Governance
    • Auditing Plan Fees and Expenses
    • Investments Reported as 103-12 Entities as Required by the DOL
    • Eligible Compensation and Payroll Data
    • Actuarial Reports for Defined Benefit Plans
    • Allocation Testing for DC Plans
    • Missing Participant Data
    • Auditing Health and Welfare Plans
  • Recent Auditing Pronouncements and Related Guidance
    • Communicating Internal Control Related Matters Identified in an Audit
  • AICPA Peer Review Developments — Recurring Deficiencies Found in Employee Benefit Plan Audits
  • Form 11-K Audits
    • Form 8-K Requirements for Form 11-K Filers
    • Preapproval of Employee Benefit Plan Audits
    • Audit Reports — Following Two Sets of Standards
  • Accounting Issues and Developments
    • FASB Accounting Standards Codification
    • Unrelated Business Income Tax and FASB Interpretation No. 48
  • Recent AICPA Independence and Ethics Pronouncements
  • Recent Accounting Pronouncements and Related Guidance
    • Disclosures About Derivative Instruments and Hedging Activities
  • Regulatory Developments
    • 2007 Form 5500 Series
    • 2007 Form M-1 for Multiple Employer Welfare
    • Arrangements
    • Correspondence From EFAST or the DOL OCA
    • EBSA-Enhanced Programs to Assess Plan Audit Quality
    • DOL Fiduciary Education Initiatives
    • Delinquent Filer Voluntary Compliance Program
    • Voluntary Fiduciary Correction Program
    • EBSA Outreach and Customer Service Efforts
    • Timeliness of Remittance of Participant Contributions Remains an Enforcement Initiative for the EBSA
    • Proposed Safe Harbor for Employee Contributions to Small Pension and Welfare Plans
    • Electronic Filing of the Form 5500 and Changes to the 2009 Form 5500
    • DOL Abandoned Individual Account Plan Final Regulations and Class Exemption
    • DOL Consultant Advisor Program
    • Independence Request for Information
    • DOL Issues Rules on Selecting Annuity Providers for Benefit Distributions From Pension Plans
    • New Disclosure Civil Penalty Rules Under ERISA Section 502(c)(7)
    • EBSA's Interim Final Rule for Distributions to Missing Nonspouse Beneficiaries
    • EBSA's Interim Final Rule on Cross-Trading
    • Multiemployer Plan Notice
    • Proposed Disclosure Rules for Multiemployer Pension Plans
    • Proposed Civil Penalty Rules Under ERISA Section 502(c)(4)
  • On the Horizon
    • Overhaul Project — AICPA Audit and Accounting Guide Employee Benefit Plans
  • AICPA Employee Benefit Plan Audit Quality Center
  • Employee Benefit Plan Resources
    • Publications
    • AICPA reSOURCE: Accounting and Auditing Literature
    • Continuing Professional Education
    • Webcasts
    • Member Service Center
    • Hotlines
    • Industry Conferences
  • APPENDIX A - IRS LIMITS
  • APPENDIX B - EVALUATING CONTROL DEFICIENCIES IN AN EMPLOYEE BENEFIT PLAN AUDIT (APPLYING SAS NO. 112)
  • APPENDIX C - DEFINITIONS OF CERTAIN INVESTMENTS
  • APPENDIX D - ILLUSTRATIVE FINANCIAL STATEMENTS
  • APPENDIX E - EMPLOYEE BENEFITS SECURITY ADMINISTRATION FIELD ASSISTANCE BULLETINS
  • APPENDIX F - PAYROLL AUDITING
  • APPENDIX G - ADDITIONAL WEB RESOURCES

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