EBP2407. ESOPs - Unique Auditing Considerations (Part I)

This is part one of two-part series on employee stock ownership plans (ESOPs). Explore the unique features of ESOPs compared to other defined contribution plans, including typical risks, common testing procedures performed when auditing ESOPs, and reporting requirements specific to ESOPs.

Learning Objectives:

• Determine what defines an ESOP, key terminology, and how ESOPs differ from other defined contribution plans
• Recognize relevant provisions and unique concepts of a leveraged ESOP