EBPAQC Resources and Tools

Tools:  The EBPAQC has many valuable resources and tools available to help members. They are provided to members in periodic EAlerts and are also available on the Center’s website.
Published on May 10, 2013

EBPAQC Common Audit Deficiencies

Guidance:  To provide the auditor with a reasonable basis for concluding (a) whether all covered employees have been properly included in employee eligibility records and, if applicable, in contribution reports and (b) whether accurate participant data for eligible employees were supplied to the plan administrator and, if appropriate, to the plan
Published on May 08, 2013

A Key to EBP Audit Quality Annual Internal Inspections

Tools:  Discusses the benefits that member firms can realize from performing annual internal inspections, steps to a successful inspection program, and practical advice on establishing and performing an internal inspection of an ERISA audit practice.
Published on May 01, 2013

Responding to a Request for Proposal to Provide Employee Benefit Plan Audit Services

Tools:  A non-authoritative document to assist member firms in responding to a Request for Proposal (RFP) to provide EBP audit services. Includes a list of information auditors should obtain and consider before responding, as well as further suggestions for submitting a quality proposal.
Published on May 01, 2013

EBPAQC Firm Preparedness Checklist

Checklist:  A non-authoritative practice aid to assist EBPAQC member firm designated ERISA audit partners in assessing their firm’s preparedness for the ERISA audit season and to enhance the quality of their firm’s ERISA audit practice.
Published on February 15, 2013

DOL EBSA Criminal Case Summaries

Tools:  The AICPA Employee Benefit Plan Audit Quality Center has developed this summary analysis of the U.S. Department of Labor (DOL) Employee Benefit Security Administration’s criminal enforcement actions involving employee benefit plans.
Published on December 04, 2012

FASB Accounting Standards Codification Primer

Tools:  Provides a general understanding of the source of authoritative accounting and reporting standards for EBPs under the FASB Accounting Standards Codification™ (FASB ASC).  Explains how the FASB ASC is organized, how to reference and use the FASB ASC for EBP accounting and reporting, how the FASB ASC relates to previously
Published on May 18, 2012

Sample Questions For Proposal Evaluation Checklist

Tools:  A non-authoritative practice tool to assist Center member firms in evaluating a proposal to provide employee benefit plan audit services prepared by the firm in response to a request for proposal (RFP).
Published on April 19, 2012

Sample Proposal Information Form

Template:  This sample EBP proposal information form assists member firms in summarizing information contained in a request for proposal (RFP) to provide employee benefit plan audit services, which may be revised for a firm's specific needs.
Published on April 19, 2012

Sample Notice That Request for Proposal Was Received Form

Template:  A sample notice prepared by EBPAQC to assist member firms in documenting the receipt of a request for proposal (RFP). The practice tool is revisable in Microsoft Word format to meet a firm's specific needs.
Published on April 19, 2012

Documentation of Use of a Type 2 Service Auditors Report in an Audit of an Employee Benefit Plans Financial Statements

Toolkit:  This non-authoritative tool is intended to assist CPAs auditing the financial statements of employee benefit plans that use one or more service organizations (user auditors).
Published on March 15, 2012

DOCUMENTATION OF USE OF A TYPE 2 SERVICE AUDITORS (SAS 70) REPORT

Checklist:  The tool is intended to assist members in documenting procedures and findings related to controls at a service organization that are likely to be relevant to the employee benefit plan’s internal control over financial reporting.
Published on June 14, 2011

Fraud Risk Factors Specific to Employee Benefit Plans

Practice Aid:  Risk factors are further classified based on the three conditions generally present when fraud exists
Published on May 31, 2011

2010 EBP Audit Resources

Tools:  2010 EBP Audit Resources
Published on May 31, 2011

ERISA Audit Inventory and Staffing Schedule

Practice Aid:  This page on AICPA.org contains an ERISA audit inventory and staffing schedule.
Published on August 09, 2010