This session will discuss the key audit areas and considerations when auditing a defined benefit plan. Areas include distributions and auditing census valuation data. The session will also address the risk assessment process for a defined benefit plan and testing strategies.
NOTE: The session will not focus on the actuarial report or the assumptions that drive the actuarial valuation which are both covered in another session.
Understand best practices when designing testing strategies for auditing distributions and the census valuation data.
Identify the unique risk assessment considerations when auditing a defined benefit plan.