Often when auditors first start working on employee benefit plan audits the training is on the job and they don’t have a good background understanding of the various requirements, forms, and roles associate with the engagement. This course focuses on giving new EBP auditors an introduction to limited scope EBP audits in plain English. At the end of this course the participant will understand the purpose and requirements of a limited scope EBP audit as well as the key documents, roles and common audit areas. The knowledge gained during the course will enable the auditor to be more effective and efficient when they begin work on their first limited scope EBP engagement.

 

 

Course Key Concept: Audit, Employee Benefit Plan Audit, EBP

Learning Objectives

  • Identify the Purpose and Requirements of a Limited Scope EBP Audit.
  • Recognize the Key Documents and Roles Associated with EBP Audits.
  • Recognize the Common Audit Areas of Limited Scope EBP Audits.
Last updated/reviewed: June 24, 2020

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  3:54Introduction to Limited Scope EBP Audits
  4:33What is Limited Scope?
  5:15Understanding the Key Documents
  4:32Plan Document
  5:03Summary Plan Description
  3:54Census
  6:12Understanding the Key Rules
  5:05Common EBP Audit Areas
  6:16Participants Data and Contributions
  3:09Conclusion and Next Steps
CONTINUOUS PLAY
  47:52Introduction to Limited Scope Employee Benefit Plan Audits
SUPPORTING MATERIAL
  PDFSlides: Introduction to Limited Scope Employee Benefit Plan Audits
  PDFIntroduction to Limited Scope Employee Benefit Plan Audits Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM