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2022 AICPA & CIMA Employee Benefit Plans Accounting, Auditing and Regulatory Update

AAR2205 - Employee Benefit Plan Audit Risk Management Best Practices


‐ Dec 8, 2022 4:40pm

Standard: $ 49.00

This presentation focuses on risk management best practices when conducting audits of employee benefit plans. The session offers lessons learned from CAMICO’s decades-long history defending CPAs from employee benefit plan and other A&A claims and provides important dos and don’ts to protect CPAs and their clients.

Topics highlighted will include:

  • Where do EBP audit claims come from? What does history tell us?
  • Impact of select recent pronouncements including:
  • SAS No. 136 – Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA
  • The recent suite of auditing standards
  • SSARS No. 25 – Materiality in a Review of Financial Statements and Adverse Conclusions
  • Lessons learned from CAMICO claims history
  • Other risk management techniques to CYA (“cover your auditing/attest work”)

Learning Objectives:

  • Identify risk management best practices when conducting audits of employee benefit plans.
  • Identify important dos and don’ts to protect CPAs and their clients.

Speaker(s):

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