Print this page Share

Audit and Accounting Guide: Employee Benefit Plans

ISBN: 978-1-943546-47-3
864 pages
November 2016
Audit and Accounting Guide: Employee Benefit Plans (1943546479) cover image


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.

See More

Table of Contents

1 Introduction and Background .01-.37

2 Planning and General Auditing Considerations .01-.141

2 Planning and General Auditing Considerations—continued Using the Work of a Specialist .65-.94

3 Audit Risk Assessment .01-.71

4 Internal Control .01-.28

5 Defined Contribution Retirement Plans Including Employee Stock Ownership Plans .01-.801

5A Defined Contribution Retirement Plans .01-.399

5A Defined Contribution Retirement Plans—continued Determining Audit Strategy .204-.207

5B Employee Stock Ownership Plans .400-.801

5B Employee Stock Ownership Plans—continued Cash Balances .437

5B Employee Stock Ownership Plans—continued Plan Expenses .663

6 Defined Benefit Pension Plans .01-.200

6 Defined Benefit Pension Plans—continued Other Receivables .165-.167

7 Health and Welfare Benefit Plans .01-.242

7 Health and Welfare Benefit Plans—continued Postretirement Benefit Obligations .111-.124

8 Investments .01-.173

8 Investments—continued The Investment Manager or Adviser .09

8 Investments—continued Audit Procedures for Certain Plan Investments .129-.162

9 Plan Tax Status .01-.30

10 Concluding the Audit and Other Auditing Considerations .01-.40

11 The Auditor’s Report .01-.90

11 The Auditor’s Report—continued 401(k) Plan (U.SGAAP) .25

11 The Auditor’s Report—continued Omitted Schedule Required Under DOL Regulations in a Limited-Scope Engagement .78


A ERISA and Related Regulations

B Examples of Controls

C Illustrations of Financial Statements: Defined Contribution Retirement Plans

D Illustrations of Financial Statements: Employee Stock Ownership Plans

E Illustrations of Financial Statements: Defined Benefit Pension Plans

F Illustrations of Financial Statements: Health and Welfare Benefit Plans

G Consideration of Fraud in a Financial Statement Audit

H Guidance Updates

I Schedule of Changes Made to the Text From the Previous Edition


Index of Pronouncements and Other Technical Guidance

Subject Index

See More

Author Information

Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession’s technical and ethical standards.

The AICPA’s founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.

See More
Back to Top