Breaking Down the New Auditor's Report for ERISA Engagements

This module addresses the reporting for engagements of ERISA plan financial statements, including both non- and section 103(a)(3)(C) audits. From scope and objectives, to forming an opinion on the financial statements themselves, things have changes with SAS Nos. 134 through 140. Get the information you need on the specific requirements for an auditor's report of ERISA plan financial statements.

• Identify the concepts contained in recently released standards that have changed the auditor's reporting process.
• Recall the scope, objectives and auditor's requirements of AU-C section 703, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, with respect to non-section 103(a)(3)(C) plan audits.
• Identify the requirements for forming an opinion on the ERISA plan financial statements and the form and content of the auditors' report.
• Recall the audit considerations relating to the auditor's responsibilities for an entity's Form 5500 filing.
• Identify the special considerations regarding the scope, objectives and auditor's requirements with respect to an ERISA Section 103(a)(3)(C) audit, including forming an opinion and the form and content of the ERISA section 103(a)(3)(C) auditor's report.

• Reporting on ERISA financial statement engagements.
• Scope, objectives and requirements of AU-C section 703, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA.
• Other procedures when reporting on a performing a section 103(a)(3)(C) engagement