The main goal of this course is for advanced participants to learn and grow their skills through a series of hands-on case studies and advanced learning exercises. Participate in a mock audit, which will cover all phases of a defined benefit pension plan audit engagement, from planning to reporting.
DESIGNED FOR
Auditors responsible for the auditing defined benefit pension plans.
BENEFITS
For those interested in earning the
Advanced Defined Benefit Plans Audit Certificate, this course was developed to prepare you to:
- Assess the key concepts and skills for a solid audit foundation specifically related to defined benefit pension plans and recall those concepts in audit engagements
- Evaluate defined benefit pension plan specific core audit concepts and apply those concepts to audit engagements
- Interpret advanced defined benefit pension plan specific audit concepts through a mock, plan-specific audit
HIGHLIGHTS
- Introduction and background
- Planning and general procedures
- Internal control
- Sampling
- Net assets available for benefits
- Investments
- Changes in net assets available for benefit
- Plan tax status
- Plan mergers, transfers, spin-offs
- Terminations
- Going concern
- Changes in service provider
- Financial statement presentation and disclosures
- Audit reports
COURSE LEVEL
Advanced
PREREQUISITES
Prior experience auditing defined benefit pension plans.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- Note: This course falls under the CPA Learning and Support point of the AICPA’s 6-Point Action Plan, which is intended to support an auditor’s ability to effectively apply all current guidance and avoid common deficiencies related to auditing the financial statements of defined benefit pension plans. Visit AICPAStore.com/EBPCert for additional information.
- *This course is not eligible for the AICPA discount.