Understand the requirements of AU-C section 500, Audit Evidence (ital), including the changes required by SAS No. 142, from an EBP audit perspective.
*Recognize how the nature of information to be used as audit evidence in an employee benefit plan has evolved *Describe how SAS No. 142, Audit Evidence (ital), addresses what constitutes audit evidence *Determine ways in which auditors might test the accuracy and completeness of information to be used as audit evidence that is electronically initiated, recorded, processed, or reported
– Requirements of AU-C section 500 and changes after issuance of SAS No. 142
– Types of audit evidence auditors may use in employee benefit plan audits
– Challenges auditors encounter when audit evidence is in electronic format
Basic understanding of EBP auditing
Employee benefit plan auditors