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Employee Benefit Plans 2016


66 - Form 5500: What Auditors Should Know


May 12, 2016 8:00am ‐ May 12, 2016 9:15am

Standard: $49.00

Description

Understanding Form 5500 is essential to enhancing the audit quality of financial statement reporting. This session will review the important aspects of Form 5500 that will benefit employee benefit plan auditors while complying with the requirements of AU-C 720. Attendees will be able to:
• Understand how to use the Form 5500 to validate financial statement investment disclosure
• Determine how to recognize material inconsistencies between the Form 5500 and financial statements and effect on the audit
• Identify key areas of each schedule of Form 5500 to efficiently and effectively perform the required review

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