The objective of this session will be to provide insights into the unique aspects related to the auditing and financial reporting for ESOPs. Topics to be covered include an ESOP overview, risk assessment considerations, auditing key ESOP accounts and transactions, ESOP financial statement presentation and disclosure matters, and pointers on interacting with ESOP recordkeepers.
Describe ESOPs and what makes them unique and how that factors into risk assessments
Describe potential audit procedures to test key ESOP accounts and transactions
Provide examples of ESOP financial statement disclosures
Discuss pointers on how to interact with ESOP recordkeepers