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Employee Benefit Plans Industry Developments - Audit Risk Alert

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The increasing complexity of employee benefit plan auditing and increased focus by the DOL have resulted in significant pressure for CPAs and firms performing EBP audits.

To help CPAs meet the challenge of performing quality audits in this unique and complex area, the AICPA has developed this Alert to help you identify current sources of risk within EBP audit engagements.

You’ll find targeted discussion of new developments, issues auditors may face in their current audits, and a look at what’s in the pipeline that may affect your engagements.

Key Benefits

  • Coverage of emerging practice issues, including liquidation basis of accounting, going concern, expense offset arrangements, and service organizations including evaluating a SOC 1 report, complimentary user entity controls and fraud risk factors.
  • An in depth look at using the work of internal audit as well as transfers vs. rollovers.
  • Analysis of high risk areas specific to defined benefit pension plans, such as pension benefit guaranty corporation premiums and filing, demographic and economic assumptions, and de-risking.
  • Current development on health and welfare plans, including health care reform and its effect on employee benefit plans
  • Up-to-date information on regulatory development from both the DOL and IRS


  • FASB ASU No. 2013-07, Liquidation Basis of Accounting
  • FASB ASU No. 2014-15, Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern
  • SAS No. 128, Using the Work of Internal Auditors
  • PCAOB Auditing Standard No. 17, Auditing Supplemental Information Accompanying Audited Financial Statements
  • PCAOB Auditing Standard No. 18, Related Parties

This alert also includes information on emerging issues such as:

  • Expense Arrangements—Defined Contribution Retirement Plans
  • Liquidation Basis of Accounting
  • Going Concern
  • Transfers vs. Rollovers
  • Demographic and economic assumptions related to Defined Benefit Pension Plans
  • De-Risking of Defined Benefit Pension Plans
This product is also available in an online subscription format that includes the corresponding Employee Benefit Plans - Audit and Accounting Guide, content updates and unlimited online access for 1 year. Click the link above, select the Online Subscription option at the bottom of the page and save!
Paperback , 2015
Product# ARAEBP15P
Availability: In Stock
AICPA Member:$39.00
Your Price:$49.00
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eBook 2015
Product# ARAEBP15E
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