Employee Benefit Plans 


    Whether you are a financial statement preparer or auditor it is critical to understand the complexities of the employee benefit plan industry including the Employee Retirement Income Security Act (ERISA) and related regulation requirements, fair value measurements and disclosures, and communication of internal control matters. AICPA publications provide information on recent developments, guidance, practice aids, and illustrative examples for the common accounting and audit practices in the employee benefit plan industry, including
    • an overview of statutory rules and regulations and the financial reporting requirements of ERISA.
    • fair value disclosure requirements.
    • a detailed listing of other required financial statement disclosures.
    • updates to disclosure requirements related to assets and liabilities measured at fair value.
    • updates to service auditor’s reports (Service Organization Control [SOC] 1 reports) used in audit engagements.
    Find comprehensive examples of  financial statements and disclosures specific to defined contribution pension plans, defined benefit pension plans, and health and welfare benefit plans, auditor reports, including reports for limited scope audits and 403(b) plan, Form 5500 required supplemental schedules, including the schedule of delinquent participant contributions, and sample management letters and illustrative management letter comments.

    For more information on the industry and the AICPA's commitment to provide updates and guidance, visit the Employee Benefit Plans Expert Panel webpage or the Employee Benefit Plan Audit Quality Center.
       

    Audit and Accounting Guide Employee Benefit Plans
    (New Edition as of January 1, 2014)

     

    Availability

    Publication Excerpts (available to AICPA Members)


    Audit Risk Alert Employee Benefit Plans Industry Developments


    Availability

    Publication Excerpts (available to AICPA Members)

    This alert is intended to be used in conjunction with Audit Risk Alert General Accounting and Auditing Developments, which explains important issues that affect all entities in all industries in the current economic climate. General topics include recently issued guidance and emerging audit risks resulting from external economic factors.


    Accounting Trends and Techniques Employee Benefit Plans


    Availability




    Additional Employee Benefit Plan Related Guidance




    Checklists and Illustrative Financial Statements for Defined Contribution Retirement Plans

    Checklists and Illustrative Financial Statements for Defined Benefit Pension Plans

    Checklists and Illustrative Financial Statements for Health and Welfare Benefit Plans

    Practice Aid Using an SSAE No. 16 Service Auditor's Report (SOC 1 Report) in Audits of Employee Benefit Plans

     

     


     

     




    AICPA Online Professional Library


    When you subscribe to any one of the many subscription options on AICPA Online Professional Library, you're not only getting access to the most up-to-date guidance and tools, you are also linked to all of the relevant and related literature, including the FASB and GASB libraries.

    Many publications and libraries may be of value to those interested in guidance related to employee benefit plans:

    Guidance contained in the AICPA Online Professional Library has also been grouped into topical sets including varying levels of guidance. The following may be of interest to those seeking information and guidance on employee benefit plans:




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