This is the first of three courses in the series dedicated to helping new employee benefit plan auditors identify common audit areas and give specific examples of how to test each area. Participants will view step by step walkthroughs of how testing is carried out in real practice and learn why certain testing procedures are necessary.

In this course participants learn how to develop an audit strategy that is linked to risk, understand the importance of plan compensation and how to calculate it, common eligibility considerations, and how to reconcile key documents like the trust report, census and payroll reports. The detailed examples were designed to give participants knowledge and skills that can be implemented immediately and reduce the EBP learning curve.

Course Key Concepts: Audit, Limited, Scope, Employee, Benefit, Plan, EBP Audit, Disclaimer, DOL, Trust Report, Payroll, Eligibility, Compensation, Census.

Learning Objectives

  • Recognize the requirements of audit evidence and the linkage of risk to your audit testing.
  • Identify the process and purpose of testing plan compensation, eligibility, and entry into the plan.
  • Discover why reconciling the trust report, census and payroll reports are essential to the audit process.
  • Discover how to navigate the plan documents to identify how to properly test plan compensation and eligibility.
Last updated/reviewed: June 12, 2021

2 Reviews (5 ratings)Reviews

Member's Profile
clear speech. excellent presentation of the material. relevant examples. experienced author
Member's Profile
Real quick refresher. I look forward to taking the second part.


Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course. However it is recommended to take other EBP Audits courses by Corey Schmidt.
Introduction to Testing Employee Benefit Plan Audits - Part 2
Introduction to Testing Employee Benefit Plan Audits - Part 3

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
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
  1:04Introduction to Testing Employee Benefit Plan Audits - Part 1
  9:34Audit Evidence and Testing Strategy
  6:53Plan Compensation Vs. Gross Compensation
  2:58Eligibility and Plan Entry
  4:41Eligibility Testing
  7:08Reconciling Source Docs
  6:30Department of Labor
  42:05Introduction to Testing Employee Benefit Plan Audits - Part 1
  PDFSlides: Introduction to Testing Employee Benefit Plan Audits - Part 1
  PDFIntroduction to Testing Employee Benefit Plan Audits - Part 1 Glossary/ Index