This session will focus on audit documentation, providing an overview of general documentation standards, as well as discussion of many specific elements of the audit process. Topics to be covered will include independence, planning, risk assessment, internal controls, fraud inquires, related parties & parties-in-interest, subsequent events, risks & uncertainties, and more! This session was recorded on June 14,2024 at the Employee Benefit Plans Audit Virtual Conference.
Learning Objectives
• Understand the professional standards related to audit documentation.
• Recall documentation standards for a variety of audit areas not related to specific accounts.
• Have sufficient knowledge to evaluate the adequacy of the documentation on the employee benefit plan audits for which you participate.
Major Topics
• General Standards for Audit Documentation
• Key Audit Elements: Independence and Planning
• Addressing Risks, Fraud, and Related Parties
