DESCRIPTION
This module is designed as an introduction to a key audit area on employee benefit plan engagements: participant data. Participants will learn the common risks associated with this audit area, the objectives of the testing, common testing procedures, and will have the opportunity to practice applying these concepts to a case study.
LEARNING OBJECTIVES
- Identify risks of material misstatement for the participant data audit area
- Understand how to locate key information related to participant data and eligibility within the plan document
- Discuss common testing approaches and documentation
