EBP2351. Substantially Complete Form 5500s: The Basics and What Auditors Need to Know

This session will cover the Form 5500 return, focusing on the elements that are important for auditors and plan sponsors, and considering what is "substantially complete".

Learning Objectives:

• Recognize material inconsistencies between the Form 5500 and the financial statements, and the impact on the financial statements.
• Analyze a practical example of reviewing a Form 5500 return from both an auditor and plan sponsor's prospective.
• Use the AICPA EBP AQC Form 5500 considerations for auditors