AAR2510. Welcome Day 2 & Payroll Processes and Compliance for EBP Audits

This session will equip auditors on how to adapt risk assessment and audit procedures in light of payroll processes and payroll compliance requirements. Attendees will analyze various definitions of compensation and will consider how prevailing wages can have an impact on an employee benefit plan audit.

Learning Objectives:

• Identify audit guidance applicable to understanding and testing payroll.
• Analyze an audit approach for testing payroll.
• Differentiate between various definitions of compensation and how they apply to EBP audits.
• Determine prevailing wage audit implications and risks.