[WEB4] Employee Benefit Plans - Auditing Significant Areas

Course Details


Monday, August 16, 2021

8:30am – 12:00pm
(Registration: 8:30am)

Field of Study

Continuing Education

Course Number


CPE Credit

4.0 hours CPE credit


Level of Knowledge



Kaplan Financial Education


Experience on Audits of Employee Benefit Plans


The Department of Labor (DOL) oversight and monitoring of audit quality has intensified and will continue for employee benefit plan (EBP) audits for the foreseeable future. The AICPA initiative on Audit Quality has also addressed the issue through the peer review process. This course discusses the deficiencies noted in peer reviews in significant audit areas. Skills and knowledge will be covered in the following areas:

  • Stay current on regulatory initiatives, findings, and actions
  • Identify and address recurring difficult and complex accounting, auditing, and financial reporting issues in EBP engagements
  • Effectively perform required auditing  procedures
  • Document evidence obtained to support the  opinion
  • Identify deficiencies and focus on best practices



  • Testing journal entries to address risk of management override of controls
  • Participant data test
  • Auditing investments - full scope procedures
  • Auditing and reporting on the fair value of investments
  • Full-scope investment confirmation
  • Auditing investments - limited scope procedures
  • Auditing contributions and notes receivable from participants
  • Auditing participant benefit payments
  • Auditing accrued liabilities
  • Auditing plan expenses
  • Auditing party-in-interest and related party transactions


  • Understand the required audit procedures for selected accounts
  • Identify current auditing issues with common sense solutions
  • Prepare adequate and sufficient audit documentation that will satisfy the professional standards for documentation and the DOL
  • Avoid mistakes and deficiencies in financial reporting and disclosures noted by DOL
  • Audit Quality Study and Peer Reviews

Designed For

Practitioners in public accounting firms that audit employee benefit plans.

Course Pricing

Early Registration Member Fee

Applicable if you are a HSCPA member in good standing and register by August 9, 2021.

Member Fee

Applicable if you are a HSCPA member in good standing.

Early Registration Non-Member Fee

Applicable if you are not a HSCPA and register by August 9, 2021.

Non-Member Fee

Applicable if you are not a HSCPA member.

Your Price $300.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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