Learn how to audit employee benefit plans

Audits of employee benefit plans differ significantly from audits of other types of entities. These audits are not only subject to peer review but are also subject to inspection by the Department of Labor (DOL), so it is important that you conduct them in accordance with generally accepted audit standards and DOL rules and regulations.

The definitive employee benefit plan audit guide

PPC’s Guide to Audits of Employee Benefit Plans provides comprehensive guidance on the nuances of auditing employee benefit plans and summarizes the DOL and IRS regulations that are relevant to you as an auditor. It also provides the following valuable tools:

• Audit programs and a disclosure checklist that address defined benefit plans, defined contribution plans, and health and welfare benefit plans
• Specific procedures for full- and limited-scope audits to make sure you perform only the procedures that are necessary
• Other audit checklists and letters, such as engagement and management representation letters
• Multiple illustrative financial statements for each type of plan
• Numerous illustrative auditors’ reports for all of your potential reporting issues
• Guidance on preparing and reporting on DOL required supplemental schedules
• Procedures for initial audits

The Guide is authored by internal and external industry experts, and when necessary, our authors consult with representatives of the DOL to ensure our tools address their requirements.

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