Practice Management Tools and Aids

    Practice Management Tools and Aids 

    The Center has developed valuable tools to help members establish a quality employee benefit plan audit practice.

    Documentation of Review of AICPA Independence Requirements Where Nonattest Services Are Performed for an Employee Benefit Plan Audit Client
    This tool is intended to assist CPAs performing nonattest services for employee benefit plan audit clients in documenting their assessment of whether the nonattest services impair their independence, whether they have performed any “prohibited” nonattest services, and whether their understanding with the client has been established and documented in writing.

    ERISA Audit Inventory and Staffing Schedule
    Use this tool to help inventory your ERISA clients and schedule & staff your ERISA audit Engagements.

    Firm Preparedness Checklist for Employee Benefit Plan Audits
    This checklist was developed by the AICPA as a non-authoritative practice aid to assist 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.

    Internal Inspection Tool
    The AICPA Employee Benefit Plan Audit Quality Center has prepared this document to assist you in planning and performing the required annual internal inspection of your firm's ERISA employee benefit plan audit practice.

    RFP and Auditor Evaluation Process Checklist for Plan Sponsors
    This tool can assist plan sponsors and other stakeholders in the request for proposal (RFP) and evaluation process to obtain quality financial statement audit services. It also discusses the RFP evaluation and auditor selection process and how to find an auditor.

    Responding to Requests for Proposals
    The following non-authoritative practice tools were prepared by the AICPA EBPAQC for use by its member firms. The sample documents may be modified and used during a firm's employee benefit plan request for proposal (RFP) process.

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