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A & A Resource Centers

Accounting and Auditing Resource Centers 

403(b) Plans
Find general information about IRC section 403(b) retirement plans and DOL regulations requiring annual financial statement audits for ERISA-covered 403(b) plans beginning in 2009.

Audit Documentation (SAS No. 103)
Find general information about AICPA Statement on Auditing Standards (SAS) No. 103, Audit Documentation.

Auditor Independence 
Find general information about DOL and AICPA auditor independence rules.

Defined Benefit Pension Plans
Find general information about defined benefit pension plans requiring annual financial statement audits under ERISA.

Employee Stock Ownership Plans (ESOP)
Find general information about Employee Stock Ownership Plans (ESOP) requiring annual financial statements audits under ERISA.

Form 11-K Audits
Find information about Form 11-K plan audits, including links to SEC regulations, PCAOB standards, tools, past center Live Forums and more.

Fraud in Employee Benefit Plans
Find general information about fraud in ERISA employee benefit plans.

Health and Welfare Benefit Plans
Find general information about health and welfare benefit plans requiring annual financial statement audits under ERISA.
 
Internal Control Communications (SAS No. 115)
In October 2008, the AICPA Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 115, Communicating Internal Control Related Matters Identified in an Audit, which superseded SAS No. 112 of the same title. This SAS is effective for audits of financial statements for periods ending on or after December 15, 2009.

Limited Scope Audits
Find information about limited scope audits, including links to ERISA regulations and DOL guidance, authoritative literature, regulations, past center calls, tools, and more.

Risk Assessment Standards Nos. 104-111
In March 2006, the AICPA Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) Nos. 104-111, commonly referred to as the "Risk Assessment Standards". These SAS are effective for audits of financial statements for periods beginning on or after December 15, 2006.

Pension Protection Act of 2006
On August 17, 2006, President Bush signed into law the Pension Protection Act of 2006 (the Act), which is the most comprehensive pension reform legislation since ERISA was enacted in 1974.

Plan Investments
Find information about plan investments, including investment types, accounting and reporting issues, audit issues, and references to technical audit and accounting guidance. Also find tools and resources to help you understand and audit plan investments.

Parties in Interest and Prohibited Transactions
Find information on certain plan transactions with parties in interest are prohibited under ERISA Sections 406 and 407 and are required, without regard to their materiality, to be disclosed in the plan’s annual report to the DOL.

Additional Resources 

AICPA Accounting & Auditing Technical Hotline
888.777.7077 (option 5 followed by option 3)

DOL EFAST Help Line
866.463.3278
The toll-free DOL EFAST Help Line provides a variety of assistance to plan filers

Contact The Center 

We welcome your ideas for news content and articles. Please submit them to the Center at ebpaqc@aicpa.org.

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DOL AICPA Independence Rule Comparison

Tools :  Summary to assist members in understanding some of the more common DOL and AICPA independence rules that affect auditors of employee benefit plans.
Published on May 21, 2012

Accounting and Auditing Resource Centers

Overview :  The AICPA's Employee Benefit Plan Audit Quality Center has compiled comprehensive tools and resources in various Resource Centers.
Published on March 28, 2012

Form 11-K Audits Resource Center

Overview :  Information, tools and resources about audits of plans required to file on Form 11-K with the SEC
Published on March 14, 2012

Illustrative 11-K Engagement Letter

Sample Letter :  Example engagement letter for Form 11-K audits that will be filed with the SEC.
Published on March 14, 2012

11K SEC Reporting Requirements

Toolkit :  Provides members with a handy reference for identifying and understanding the various filing requirements and regulations for plans that file on Form 11-K with the SEC.
Published on March 14, 2012

11K SEC Report Requirements

Tools :  Provides members with a handy reference for identifying and understanding the various filing requirements and regulations for plans that file on Form 11-K with the SEC. To be used for reference purposes only.
Published on March 14, 2012

Illustrative 11K Engagement Letter

Sample Letter :  Example engagement letter for Form 11-K audits that will be filed with the SEC.
Published on March 13, 2012

Plan Investments Resource Center

Overview :  Includes tools and resources to assist auditors in understanding various types of plan investments and in implementing the various accounting and auditing standards that relate to plan investments.
Published on January 13, 2012

Risk Assessment Standards (Nos. 104-111) Resource Center

Overview :  During February and March 2008, the AICPA's Audit and Attest Team staff issued 12 new Technical Practice Aids (TPAs) to assist auditors in implementing Statements.
Published on January 10, 2012

Fraud in Employee Benefit Plans Resource Center

Overview :  Tools and resources to assist members in their consideration of fraud in their employee benefit plan audits.
Published on December 08, 2011

Defined Benefit Pension Plans Resource Center

Overview :  Defined benefit pension plans provide a promise to pay to participants specified benefits that are determinable and are based on such factors as age, years of service, and compensation.
Published on December 01, 2011

Accounting and Reporting by Defined Benefit Pension Plans

Overview :  Financial Accounting Standards Board (FASB) Accounting Standards Codification™ (ASC) 960 establishes generally accepted accounting principles for defined benefit pension plans and prescribes the general form and content of financial statements of those plans.
Published on December 01, 2011

Auditor Independence Resource Center

Executive Summary :  AICPA provides information on the AICPA, DOL, and SEC rules regarding auditor independence.
Published on November 30, 2011

Pension Protection Act of 2006 Resource Center

Executive Summary :  On August 17, 2006, President Bush signed into law the Pension Protection Act of 2006 (the Act), which is the most comprehensive pension reform legislation since ERISA was enacted in 1974.
Published on November 30, 2011

Limited Scope Audits Resource Center

Overview :  Information to assist auditors in performing limited scope audits
Published on November 30, 2011

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