EBP2331. Initial Year Audits

This session will provide an overview of the audit requirements related to a first year audit, a plan which has been audited by another auditor and a new plan. We will review the applicable audit guidance and 5500 requirements.

Learning Objectives:

• Use auditing procedures to address the specific risks of a first year audit engagement.
• Apply audit guidance related to initial benefit plan audits.
• Identify the unique characteristics of defined contribution and defined benefit plans as they relate to initial plan audits.
• Determine and apply best practices to efficiently and effectively perform procedures related to initial plan audits