AAR2512. Common Internal Controls Used to Reduce Control Risk in an EBP Audit

This session clarifies the definition of control risk, how it differs from inherent risk, and why and when auditors assess control risk. Using employee benefit plan (EBP) examples, attendees will learn about the typical areas of reliance on operating effectiveness, as well as the related considerations, pros and cons, and pitfalls.


Learning Objectives:

  • Recognize control risk and related control risk factors.
  • Identify examples where a test of controls may effectively reduce substantive testing.
Date/Time
–
CPE Credits
1.0
NASBA Field of Study
Auditing
Level
Basic
Prerequisites
1-2 Years
Speakers
Image of Wendy Schmitz

Wendy Schmitz

Assurance Quality Director, Employee Benefit Plans
BDO USA, P.C.
Image of Emily Toler

Emily Toler

Partner
Capin Crouse, LLC