Employee Benefit Audit Guide

  employee benefit audit guide: Audit and Accounting Guide: Employee Benefit Plans AICPA, 2016-11-21 Considered the industry standard resource, this guide provides practical guidance, essential information and hands-on advice on the many aspects of accounting and authoritative auditing for employee benefit plans. This new 2016 edition is packed with information on new requirements — including the simplification of disclosure requirements for investments in certain entities that calculate net asset value per share (or its equivalent), the simplification of disclosures for fully benefit-responsive investment contracts, plan investment disclosures, and measurement date practical expedient, and a new employee stock ownership plans chapter that includes both accounting and auditing.
  employee benefit audit guide: Payroll Auditing Lawrence R. Beebe, Philip Vivirito, 2013
  employee benefit audit guide: Trustee Handbook Lawrence R. Beebe, 2017-09
  employee benefit audit guide: Audits of Property and Liability Insurance Companies , 2000
  employee benefit audit guide: Trouble-shooter's Guide to Filing the ERISA Annual Reports , 1996
  employee benefit audit guide: The Insider's Guide to IRS Plan Audits Gary M. Remer, Ho Kuen Ng, Michael L. Cotter, 2001
  employee benefit audit guide: Government Auditing Standards - 2018 Revision United States Government Accountability Office, 2019-03-24 Audits provide essential accountability and transparency over government programs. Given the current challenges facing governments and their programs, the oversight provided through auditing is more critical than ever. Government auditing provides the objective analysis and information needed to make the decisions necessary to help create a better future. The professional standards presented in this 2018 revision of Government Auditing Standards (known as the Yellow Book) provide a framework for performing high-quality audit work with competence, integrity, objectivity, and independence to provide accountability and to help improve government operations and services. These standards, commonly referred to as generally accepted government auditing standards (GAGAS), provide the foundation for government auditors to lead by example in the areas of independence, transparency, accountability, and quality through the audit process. This revision contains major changes from, and supersedes, the 2011 revision.
  employee benefit audit guide: Conducting Audits in Small Unions , 2000
  employee benefit audit guide: Improving Healthcare Quality in Europe Characteristics, Effectiveness and Implementation of Different Strategies OECD, World Health Organization, 2019-10-17 This volume, developed by the Observatory together with OECD, provides an overall conceptual framework for understanding and applying strategies aimed at improving quality of care. Crucially, it summarizes available evidence on different quality strategies and provides recommendations for their implementation. This book is intended to help policy-makers to understand concepts of quality and to support them to evaluate single strategies and combinations of strategies.
  employee benefit audit guide: PPC's Guide to Audits of Employee Benefit Plans Practitioners Publishing Co. Staff, 2004-01-01 Contains technical guidance and practice aids for auditing the financial statements of Employee Benefit Plans.
  employee benefit audit guide: Guide to Audits of Employee Benefit Plans D R Carmichael, CPA, Ph.D., Douglas R. Carmichael, Meryl L. Reed, Prentice N. Ursery, Calvin A. Persohn, Mark W. Wells, 1997-12-01
  employee benefit audit guide: Audit and Accounting Guide American Institute of Certified Public Accountants, 2013
  employee benefit audit guide: Employee Benefits Design and Planning Bashker D. Biswas, 2014-04-11 This book offers guidance for understanding benefits options and plan structures, and making better decisions for your organization. Writing for both HR and finance professionals, internationally respected compensation and benefits professor and consultant Bashker Biswas drills comprehensively into today's most important benefits-related topics and challenges. Employee Benefits Design and Planning covers all this, and much more: Finance and accounting implications of Healthcare benefits Other risk benefits Severance benefits Disability and group life insurance programs Flexible benefits Non-qualified deferred arrangements 409A plans, ESOPs, Money Purchase Pension Plans, Cash Balance Plans, 401(k), 403(b) plans and 457 Plans Employee benefit plan financial reporting, legal compliance, and auditing Employee benefits in mergers and acquisitions Self-funding vs. insurance funding decisions Global employee benefits including umbrella pension plans and multi-national pooling Equity participation in employee benefit plans Biswas introduces and explains key employee benefit metrics and ratios, and demonstrates best practices for forecasting costs and budgeting appropriately. For all compensation professionals, benefits professionals, human resource professionals, accounting professionals, labor attorneys, financial analysts, and finance professionals. Readers will have roles in benefits-related consulting, finance, accounting, and human resource management, both domestic and international.
  employee benefit audit guide: Employee Benefit Plans, 2019 AICPA, 2019-06-05 This guide is an ideal roadmap to compliance, giving auditors authoritative guidance, practical tips, and illustrative examples to help them at each stage of the audit. It is designed to bridge the gaps between the what, why, and how to satisfy auditor responsibilities. Key topics covered include: Essential guidance for application of GAAS in an EBP audit. References to authoritative accounting guidance for defined contribution (DC), defined benefit (DB) and health and welfare (HW) plans in FASB ASC Guidance on accounting, reporting and disclosure for EBP transactions not addressed in FASB ASC as supported by FinREC Use of a SOC 1 report Use of a specialist (including actuaries and appraisers) Forming an opinion and reporting on EBP financial statements (for full and limited scope EBP audits) Illustrative auditor communications and financial statements Explanation of pervasive regulatory requirements (DOL rules and regulations)
  employee benefit audit guide: Federal Information System Controls Audit Manual (FISCAM) Robert F. Dacey, 2010-11 FISCAM presents a methodology for performing info. system (IS) control audits of governmental entities in accordance with professional standards. FISCAM is designed to be used on financial and performance audits and attestation engagements. The methodology in the FISCAM incorp. the following: (1) A top-down, risk-based approach that considers materiality and significance in determining audit procedures; (2) Evaluation of entitywide controls and their effect on audit risk; (3) Evaluation of general controls and their pervasive impact on bus. process controls; (4) Evaluation of security mgmt. at all levels; (5) Control hierarchy to evaluate IS control weaknesses; (6) Groupings of control categories consistent with the nature of the risk. Illus.
  employee benefit audit guide: Government Auditing Standards Government Accounting Office, U.S. Government, 2012 Newly revised in 2011. Contains the auditing standards promulgated by the Comptroller General of the United States. Known as the Yellow Book. Includes the professional standards and guidance, commonly referred to as generally accepted government auditing standards (GAGAS), which provide a framework for conducting high quality government audits and attestation engagements with competence, integrity, objectivity, and independence. These standards are for use by auditors of government entities and entities that receive government awards and audit organizations performing GAGAS audits and attestation engagements.
  employee benefit audit guide: Consolidated Audit Guide for Audits of HUD Programs , 1991
  employee benefit audit guide: Auditing and Accounting Guide AICPA, 2019-06-21 A must-have resource for new FASB guidance From financial reporting to revenue recognition to grants and contracts, you have a lot going on in the not-for-profit financial arena right now. Whether you're already an expert in NFP audit and accounting standards or just getting started, we’ve got the practical guidance you need. This must-have resource for nonprofits accounting and auditing professionals is an essential reference which will assist you with the unique aspects of accounting and financial statement preparation and auditing for not-for-profit entities. The 2019 guide will help you do the following: Understand and implement recent updates and changes, including those related to financial reporting, revenue recognition, and grants and contracts Gain a full understanding of the accounting issues unique to not-for-profit entities A must-have resource for accounting and auditing professionals who work with nonprofits, this essential reference will assist in the unique aspects of accounting and financial statement preparation and auditing for not-for-profit entities.
  employee benefit audit guide: Government auditing standards guidance on GAGAS requirements for continuing professional education : by the Comptroller General of the United States. ,
  employee benefit audit guide: Employee Benefit Plans, 2019 AICPA, 2019-06-10 This guide is an ideal roadmap to compliance, giving auditors authoritative guidance, practical tips, and illustrative examples to help them at each stage of the audit. It is designed to bridge the gaps between the what, why, and how to satisfy auditor responsibilities. Key topics covered include: Essential guidance for application of GAAS in an EBP audit. References to authoritative accounting guidance for defined contribution (DC), defined benefit (DB) and health and welfare (HW) plans in FASB ASC Guidance on accounting, reporting and disclosure for EBP transactions not addressed in FASB ASC as supported by FinREC Use of a SOC 1 report Use of a specialist (including actuaries and appraisers) Forming an opinion and reporting on EBP financial statements (for full and limited scope EBP audits) Illustrative auditor communications and financial statements Explanation of pervasive regulatory requirements (DOL rules and regulations)
  employee benefit audit guide: Audit and Accounting Guide American Institute of Certified Public Accountants, 2014
  employee benefit audit guide: The Insider's Guide to DOL Plan Audits Frank J. Bitzer, Nicholas W. Ferrigno, 2000
  employee benefit audit guide: Employee Benefits : Improved Plan Reporting and CPA Audits Can Increase Protection Under ERISA United States. General Accounting Office, 1992
  employee benefit audit guide: Employee Benefit Plans 2018 AICPA, 2018-04-26 Considered the industry standard resource, this guide provides practical guidance, essential information and hands-on advice on the many aspects of accounting and authoritative auditing for employee benefit plans. This new edition has been updated to include additional information related to the issuance of the going concern standard, revisions to provide further guidance related to limited-scope audits, a new illustrative auditor's report for 11-K audits, and has been revised for the recodification of the attestation standards. Updates include: Q&A section 2220.27, Determining When the Practical Expedient is Not Used or Not Available Q&A section 2220.28, Definition of Readily Determinable Fair Value and Its Interaction with the NAV Practical Expedient SAS No. 132, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern PCAOB Release No. 2015-008, “Improving the Transparency of Auditsâ€? AS 3101, The Auditor's Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion SSAE No. 18, Attestation Standards: Clarification and Recodification
  employee benefit audit guide: The Collection Process (income Tax Accounts) United States. Internal Revenue Service, 1978
  employee benefit audit guide: Individual retirement arrangements (IRAs) United States. Internal Revenue Service, 1990
  employee benefit audit guide: Fundamentals of Governmental Accounting and Reporting Bruce W. Chase, 2020-06-23 Fundamentals of Governmental Accounting and Reporting features the foundational tenets of governmental accounting and reporting in today's environment. Featuring updated accounting for GASB Statement No. 84, and fiduciary activities, this work reviews underlying concepts and shows how they are applied through real-life examples of CAFR, financial statements and updates of recent GASB standards.Key areas covered include: The governmental environment and GAAP Fund accounting and the financial reporting model Budgeting MFBA Revenues and expenditures Governmental, proprietary, and fiduciary funds Government-wide financial statements CAFR Special purpose governments Deferred outflows of resources and deferred inflows of resources
  employee benefit audit guide: Audit Risk Alert AICPA, 2019-06-12 The increasing complexity of employee benefit plan auditing and focus by the Department of Labor have resulted in significant pressure for CPAs and firms performing EBP audits. To help CPAs meet the challenge of performing quality audits in this unique and complex area, the AICPA has developed this alert to assist in identifying current sources of risk within EBP audit engagements. Written by a task force consisting of current and former employee benefit plan expert panel members, this alert features discussions on new developments and issues that auditors may face in their current audits, as well as a look at what's in the pipeline that may affect your engagements. Updates in 2019: FASB ASU No. 2017-06, Employee Benefit Plan Master Trust Reporting FASB ASU No. 2018-09, Codification Improvements FASB ASU No. 2018-13, Fair Value Measurement (Topic 820), Disclosure Framework–Changes to the Disclosure Requirements for Fair Value Measurement
  employee benefit audit guide: Guide to Audits of Employee Benefit Plans Douglas R. Carmichael, Meryl L. Reed, Prentice N. Ursery, David L. Leising, Mark W. Wells, Joseph R. Zamboni, 2002-10 Contains technical guidance and practice aids for auditing the financial statements of Employee Benefit Plans.
  employee benefit audit guide: The Greenhouse Gas Protocol , 2004 The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.
  employee benefit audit guide: Auditing Compensation and Benefits Programs Kelli W. Vito, 2009 This handbook closely follows the Society for Human Resource Management (SHRM) Total Rewards Learning System regarding general compensation and benefits administration.
  employee benefit audit guide: Audits of Employee Benefit Plans , 1991
  employee benefit audit guide: The Handbook of Employee Benefits: Health and Group Benefits 7/E Jerry S. Rosenbloom, 2011-06-17 The essential resource for designing and implementing employee benefits—bringing you up to date on critical new industry changes For nearly three decades, HR professionals and consultants have depended on The Handbook of Employee Benefits for authoritative answers to their questions about designing and implementing competitive employee benefits packages. Covering everything from general objectives to costs, this classic reference brings you up to date on critical changes driven by legislative developments, such as the new health-care reform law enacted by the passing of the Patient Protection and Affordable Care Act. The seventh edition of The Handbook of Employee Benefits features the knowledge and insights of the leading scholars and practitioners in the field. Filled with new and updated information and real-world examples, this edition focuses on health and group benefits: Health Benefits: health-care reform’s impact on employee benefits, new approaches to cost containment, how to access quality care, consumer-driven health-care plan designs along with dental, behavioral, prescription, and long-term care programs Life Insurance: group term, universal life, and corporate-owned life programs Work/Life Programs: traditional time off and family leave, child and elder care, and assistance for education, financial planning, and voluntary benefits Social Insurance Programs: Social Security, Medicare, and workers’ and unemployment compensation programs Group and Health Benefit Plan Financial Management: federal tax laws, funding health benefit plans—insured, self-funded, and captive arrangements Employee Benefit Administration: flexible benefit plans, fiduciary liability issues, and communications Issues of Special Interest: retiree welfare benefits, small company benefits, multiemployer plans, and international employee benefit planning An innovative, efficient employee benefit program has become one of the primary prerequisites to success in today’s lean business battleground. The Handbook of Employee Benefits provides the knowledge and tools you need to create plans that benefit the greatest number of employees, while allowing employers to maintain fiscal integrity and competitive advantage.
  employee benefit audit guide: Mandated Health Benefits Paul M. Hamburger, 1987
  employee benefit audit guide: Audit and Accounting Guide American Institute of Certified Public Accountants, 2015
  employee benefit audit guide: PPC's Guide to Audits of Employee Benefit Plans Douglas R. Carmichael, Meryl L. Reed, Prentice N. Ursery, David L. Leising, Mark W. Wells, Joseph R. Zamboni, Susan Goodpaster, 2003-07 Contains technical guidance and practice aids for auditing the financial statements of Employee Benefit Plans.
  employee benefit audit guide: 1040 Quickfinder Handbook Practitioners Publishing Co. Staff, 2005-12-01 Contains extensive coverage of the tax issues faced by all types of contractors, including large and small contractors, homebuilders, and other specialty trades, provides you with the clear, concise guidance you need to expertly address your tax issues.
  employee benefit audit guide: Auditing Employee Benefit Plans Josie Hammond, Melissa Frivold, 2020-08-26 Master the fundamentals of auditing employee benefit plans in accordance with AICPA standards and ERISA rules and regulations. Written by a member on the expert panel for employee benefit plans, this book is designed to give an understanding of the requirements and audit procedures related to defined contribution, defined benefit, and health and welfare plans to help accountants more effectively plan and carry out their audit. Topics include: FASB ASU 2017-06, which significantly impacted master trust accounting, reporting and disclosures for employee benefit plans PCAOB adopted AS 3101 in 2017 which resulted in significant changes to the existing auditor's report. New insert for SAS No. 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA
  employee benefit audit guide: Audits of Employee Benefit Plans , 1983
  employee benefit audit guide: AICPA Professional Standards: Accounting American Institute of Certified Public Accountants, 1974
AICPA Audit and Accounting Guide: Employee Benefit Plans
Aug 1, 2023 · Audit Requirements ..... 47 Audit Scope and Engagement Acceptance ..... 47 Preconditions for an Audit ..... 49

2024 PPCs Guide to Audits of Employee Benefit Plans revised …
PPC’s Guide to Audits of Employee Benefit Plans will help auditors perform effective audits that would pass such a review.

Employee Plan Audit Efficiency Guide - Internal Revenue Service
The employee benefit plan identified below has been selected for audit. This guide is intended to help establish a reasonable working relationship with you so the audit can proceed as efficiently …

Reporting and Disclosure Guide for Employee Benefit Plans
This Reporting and Disclosure Guide for Employee Benefit Plans is a quick reference tool for certain basic reporting and disclosure requirements under the Employee Retirement Income Security Act …

Selecting an Auditor for Your Employee Benefit Plan - U.S.
If your employee benefit plan must have an annual audit, hiring an independent qualified public accountant is one of the plan administrator’s most important fiduciary responsibilities.

Handbook: Employee benefits
Wages and salaries are typically the largest component of employee benefits, but they are not the only component. There are myriad other types of benefits – from compensated absences such as …

ERISA employee benefit plan financial statement audit special ...
Using the most recent version of the AICPA Audit and Accounting Guide, Employee Benefit Plans (EBP Guide) (as of August 1, 2024) which has been updated with the recent audit and accounting …

employee benefit plan audit guide - lbmc.com
Employee Benefit Plan Audit Quality Center (EBPAQC)? The EBPAQC is a voluntary membership center to help firms meet the challenges of performing audits of employee benefit plans.

Financial Reporting and Audit Guide - U.S. Office of Personnel …
Obtain, for input into OPM’s consolidated financial statements, financial information pertaining to the Federal Employees Health Benefits Program [hereafter, the “Program”] that has been …

AICPA standard on employee benefit plans now effective
SAS 136 was issued to enhance the overall audit quality of employee benefit plans subject to ERISA.

EMPLOYEE BENEFIT PLAN AUDIT CHECKLIST
When your employee benefit plan is up for an audit, there are key items a plan sponsor must be prepared to share.The following checklist highlights steps to take pre-audit to make the process …

New audit standard for employee benefit plans: An overview for …
It is distributed with the understanding that the AICPA Employee Benefit Plan Audit Quality Center is not rendering legal, accounting or other professional services in this publication. The application …

Assessing the quality of employee benefit plan audits - U.S.
Audit areas that are unique to employee benefit plans such as contributions, benefit payments, participant data and party-in-interest/prohibited transactions, continue to lead the list of audit …

Employee Benefit Plans Audit And Accounting Guide
Employee Benefit Plans, 2019 AICPA,2019-06-05 This guide is an ideal roadmap to compliance, giving auditors authoritative guidance, practical tips, and illustrative examples to help them at …

employee benefit plan audit guide employee
benefit plan auditing standards. Some key questions to ask when considering an auditor are: How many employee benefit plan. audits do they perform each year? Does the audit firm have a …

Audit Quality Study - U.S. Department of Labor
To address the issues identified in this report, EBSA has made several recommendations in the areas of enforcement, regulations, legislation, and outreach. Congress enacted ERISA in 1974 to …

Planning Tool Common EBP Audit Deficiencies - Windes
The Employee Benefit Plan Audit Quality Center has developed this document to help EBP auditors identify and address common deficiencies found in employee benefit plan audits found by the …

Preparing for your annual employee benefit plan audit
May 21, 2002 · employee benefit plan must be licensed and/or certified as a public accountant by a state regulatory authority. Auditors should also be independent, meaning they do not have any …

EMPLOYEE BENEFIT PLAN AUDIT REQUIREMENT …
When is the deadline for completing the audit of an employee benefit plan and filing the Form 5500? The Form 5500 (and accompanying audit report, if required) is due seven months after the last …

AudItInG ExEcutIvE comPEnsAtIon And BEnEFIts - The Institute …
Auditing the structure and operation of ECB programs is a legitimate and appropriate role for internal auditing. If a risk assessment indicates a review is warranted, the chief audit executive …

AICPA Audit and Accounting Guide: Employee Benefit …
Aug 1, 2023 · Audit Requirements ..... 47 Audit Scope and Engagement Acceptance ..... 47 Preconditions for …

2024 PPCs Guide to Audits of Employee Benefit Plans re…
PPC’s Guide to Audits of Employee Benefit Plans will help auditors perform effective audits that would pass such …

Employee Plan Audit Efficiency Guide - Internal …
The employee benefit plan identified below has been selected for audit. This guide is intended to help establish a …

Reporting and Disclosure Guide for Employee Benef…
This Reporting and Disclosure Guide for Employee Benefit Plans is a quick reference tool for certain basic …

Selecting an Auditor for Your Employee Benefit Pl…
If your employee benefit plan must have an annual audit, hiring an independent qualified public …