EBP FAQ, illustrative reports for initial year SAS 136 implementation

The Employee Benefit Plans Industry FAQ with Illustrative Auditor’s Reports for Initial Year of Implementation of SAS No. 136, as Amended, document has been developed to aid practitioners as they apply AICPA Statement on Auditing Standards (SAS) No. 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, as amended, in their audits of financial statements of employee benefit plans subject to the Employee Retirement Income Security Act of 1974 (ERISA) in the initial year of implementation. This document was prepared by AICPA staff to provide nonauthoritative guidance on applying SAS No. 136, as amended, in the initial year of implementation. These illustrative auditor’s reports represent the views of AICPA staff based on the input of members of the AICPA Employee Benefit Plans Expert Panel; they have not been approved, disapproved or otherwise acted upon by a senior committee of the AICPA.