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Often the planning of limited scope employee benefit plans can be difficult for staff auditors new to EBP audits. Although these audits are simple in nature, the cumbersome forms can over-complicate the process and be confusing to less experienced auditors. 

This course helps new EBP auditors understand the general approach to planning, differences in the planning phase between EBP and GAAP audits, specific risks associated with EBP audits and how to gain efficiencies in the planning phase. Additionally, participants will learn how they can add value to the engagement even as a staff auditor.

Course Key Concept: Audit, Limited, Scope, Employee, Benefit, Plan, EBP, Disclaimer, DOL, Planning.

Learning Objectives

  • Recognize the general approach to planning a limited scope EBP audit and the differences from GAAS audits.
  • Identify the specific risks associated with limited scope EBP audits and how to approach them effectively.
  • Recognize areas in the planning phase to gain efficiencies.
Last updated/reviewed: August 9, 2020

1 Review (1 rating)Reviews

5
Anonymous Author
Great class about a new topic for me which i should be able to apply to my current role. thanks.

Prerequisites

Course Complexity: Foundational

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
  4:08Introduction to Understanding Audit Planning for Limited Scope EBP Audits
  6:40The EBP Planning Dilemma and SOC Reports
  5:28Risk Assessment - EBP vs. GAAS
  4:14Risk Assessment - RMM and Internal Controls
  4:22Risk Assessment Flow
  8:41Planning Example
  9:31Making an Impact as A Staff Auditor
  2:32Conclusion and Next Steps
CONTINUOUS PLAY
  45:42Understanding Audit Planning for Limited Scope EBP Audits
SUPPORTING MATERIAL
  PDFSlides: Understanding Audit Planning for Limited Scope EBP Audits
  PDFUnderstanding Audit Planning for Limited Scope EBP Audits Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM