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
