Planning & Risk Assessment - Part II

This session is a continuation of Session #11. Participants will see an example evaluation of a SOC report and how these reports are used in conjunction with the evaluation of a plan’s internal control environment, as well as cover other internal control considerations. This session will demonstrate examples of completed documentation for risk evaluation by audit area and at the assertion level.

Participants will be able to:

- Recognize a variety of planning documents and procedures that are necessary to properly plan an employee benefit plan, through provided example.

- Recall why these elements are important.

- Indicate when limited-scope audits are appropriate and what documents must be obtained when performing a limited-scope audit.