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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.

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 Benefit Plan Service Organization Control (SOC 1) Reports and Service Organizations
Find information to assist employee benefit plan auditors in effectively using SOC 1 reports in their employee benefit plan audits.

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.
 
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.

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 that 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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2008 ARA Excerpt

Overview Information about limited scope audits from the 2008 employee benefit plans audit risk alert regarding the auditor's responsibilities with respect to investment information.
Published on May 13, 2013

2007 ARA Excerpt

Overview Information about limited scope audits from the 2007 employee benefit plans audit risk alert regarding trustee or custodian certification of fair values of plan investments
Published on May 08, 2013

Limited Scope Audit Decision Tree

Tools Tool to assist members in determining if a plan is eligible for the limited scope audit exemption.
Published on May 06, 2013

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 May 01, 2013

Health and Welfare Plans Resource Center

Overview Health and welfare benefit plans may be either defined-benefit or defined contribution plans.  Because audit issues related to these plans are unique and often very complex, the Center has developed this resource Center to centralize resources useful to auditors of these plans.
Published on April 30, 2013

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 April 30, 2013

Alternative Investments

Overview Tools and resources to assist members in auditing alternative investments
Published on April 30, 2013

Applying Accounting Rules for Measuring and Reporting Fair Value of Plan Investments

Tools Includes general information about valuations of and disclosures about plan investments in plan financial statements under FASB ASC 820 fair value measurement criteria.
Published on April 30, 2013

Fraud Risk Factors Specific to Employee Benefit Plans

Tools Risk factors are further classified based on the three conditions generally present when fraud exists
Published on April 30, 2013

Employee Benefit Plan Fraud Examples

Article The AICPA Employee Benefit Plan Audit Quality Center has prepared a tool summarizing employee benefit plan fraud examples.
Published on April 30, 2013

FASB ASC 820, Fair Value Measurement

Overview Tools and resources to assist members in understanding fair value measurements and disclosure requirements.
Published on April 30, 2013

Investments in Limited Partnerships and Reporting Such Investments on Form 5500 and 10312 Entities

Overview Pension funds are frequently investing in limited partnership private equity funds that may include hedge funds. These pooled investment funds are lightly regulated and not readily marketable, unlike registered investment funds, commonly known as mutual funds.
Published on April 23, 2013

403(b) Plan Resource Center

Checklist Find general information on AICPA.org about IRC section 403(b) retirement plans and DOL regulations requiring annual financial statement audits for ERISA-covered 403(b) plans.
Published on March 22, 2013

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 22, 2013

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 22, 2013

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