AICPA Peer Review Program Staff


    Credit Info
  • NASBA Field of Study

  • Format

    On demand

  • Level

  • CPE Credit


  • Course acronym

  • Prerequisites

  • Course duration

    2 Hours

AICPA Peer Review Must-Select Industry Update: Employee Benefit Plans

This CPE course provides information essential to peer reviewers of employee benefit plan (EBP) audit engagements.

This course features:

Audit considerations in times of uncertainty
Key audit risks including risk of material misstatement and internal control
Recently issued professional standards and related reporting requirements
Coronavirus Aid, Relief and Economic Security (CARES) Act considerations
EBP audit engagement checklist reminders and upcoming changes
Disclosures and other considerations
EBP resources, tools, and practice aids
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Topics discussed

Enhanced Oversight Program
PRP Section 20,700 Employee Benefit Plan Audit Engagement Checklist (Oct 2019)
Current developments in peer review guidance
Other peer review documentation

Learning objectives

Differentiate reporting requirements and effective dates for existing and newly issued professional standards impacting audits of employee benefit plans
Use bold questions and italicized considerations to complete the Employee Benefit Plan Audit Engagement Checklist.
Analyze risk factors of employee benefit plan engagements such as changes in the economic environment, risks of material misstatement, internal control and financial statement presentation and disclosure considerations

Who will it benefit?

Peer reviewers of EBP “must-select” engagements