New auditing standards may require changes in your firm'saudit methodology, especially in performing EBP audit risk assessments. Look at recent auditing standards (SAS No. 142-145) that may impact the 2024 ERISA employee benefit plan audit season. Make sure you're up to date with new auditing and accounting guidance so your audits are conducted in accordance with professional standards and carried out efficiently and effectively. Find out when additional documentation is required and get tips to reduce the risk of deficient audits. Come away with valuable insights and a broader perspective on how others are implementing the new standards. This session was recorded on June 14,2024 at the Employee Benefit Plans Audit Virtual Conference.
Learning Objectives
• Recognize the impact of recent auditing and accounting standards on employee benefit plans
• Determine changes that need to be made to the audit methodology to properly implement the recent auditing standards
• Identify circumstances in which additional documentation is necessary regarding the implementation of recent auditing standards
Major Topics
• Overview of Recently Effective Auditing Standards
• Upcoming Auditing Standards (SAS 146)
• New and Clarifying Accounting Standards Guidance
