AAR2603. Advanced Defined Benefit Topics

Designed for experienced employee benefit plan professionals, this session takes a deeper dive into the accounting and auditing considerations for defined benefit plans. Topics include actuarial valuations and census data, benefit obligations, investment valuation, benefit payments, plan terminations, financial statement presentation and disclosures, and areas of heightened audit risk. The session will emphasize practical application and common issues encountered in defined benefit plan audits.

Learning Objectives:

• Identify and evaluate complex accounting and auditing considerations specific to defined benefit plans, including actuarial valuations, participant data, benefit obligations and payments, and plan investments.
• Apply appropriate audit procedures and financial reporting guidance to higher-risk areas of defined benefit plans, including actuarial information, fair value measurements, plan terminations, and financial statement presentation and disclosures.