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EBP2221 - Planning and Risk Assessment: Part II

‐ May 10, 2022 4:20pm

This session is Part II of II, in which we will continue working through the planning and risk assessment process for the fundamental track case study of an ERISA Section 103(a)(3)(C) audit as started in Session EBP2216. In summary, we will review the conceptual framework for audit planning, identify the circumstances for an ERISA Section 103(a)(3)(C) audit and understand the appropriate evaluation of a SOC 1 report and how it impacts your audit procedures. In addition, we will review the documentation of risk assessment in an EBP audit and identify the linkage of risk assessment to audit procedures.

Learning Objectives:

  • Recognize necessary procedures to properly plan an employee benefit plan, through utilization of an example
  • Discuss risk assessment and the design of and linkage to planned procedures based on risk evaluation by audit area at the assertion level
  • Consider when ERISA Section 1039a)(3)(C) audits are appropriate
  • Review SOC 1 report and its impact on planned procedures and risk assessment


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