[eBook Code] Auditing Employee Benefit Plans (eBook Code, 1st)

· 제목 : [eBook Code] Auditing Employee Benefit Plans (eBook Code, 1st) 
· 분류 : 외국도서 > 경제경영 > 회계감사
· ISBN : 9781119763994
· 쪽수 : 432쪽
· 출판일 : 2020-08-21

Chapter 1 1-1

Employee Benefit Basics 1-1

Plan as defined by ERISA 1-3

Plans as defined by GAAP 1-5

Popular plan types 1-7

Tax compliance elements 1-16

Key plan operational concepts 1-23

Understanding the plan under audit 1-27

Chapter 2 2-1

Accounting and Reporting Standards 2-1

Applicable guidance 2-3

Fair value measurements 2-5

Financial statements 2-9

Investment valuation and income recognition 2-11

Accounting and reporting for investment contracts 2-13

Accounting and reporting for contributions 2-15

Notes receivable from participants (participant loans) 2-17

Operating assets 2-18

Accrued liabilities 2-19

Accounting for uncertainty in income taxes 2-20

Plan mergers 2-22

Terminating plans 2-23

Subsequent events 2-25

Recent developments 2-26

Chapter 3 3-1

Reporting and Audit Requirements 3-1

Audit requirement 3-3

Regulatory reporting and disclosure requirements for pension and welfare plans 3-10

Deadlines and extensions 3-11

The audit guide 3-13

ERISA versus GAAP 3-14

Audit considerations 3-16

Common audit concerns or deficiencies 3-21

Using the work of internal auditors 3-29

Recent developments 3-30

Chapter 4 4-1

Audit Planning 4-1

Key parties 4-3

Client acceptance 4-4

Scope and timing 4-7

Gaining an understanding of a plan, its environment, and its internal controls 4-10

Risk assessment 4-17

Audit documentation 4-23

Analytical procedures 4-25

Initial audit procedures 4-27

Chapter 5 5-1

401(k) and Other Defined Contribution Pension Plans (Except ESOPs) 5-1

Determination of benefit amount 5-2

Net assets available for benefits 5-3

Changes in net assets available for benefits 5-4

Investments 5-5

Contributions receivable 5-14

Notes receivable from participants 5-16

Other operating assets 5-18

Cash 5-19

Accrued liabilities 5-20

Investment income 5-21

Contribution revenue 5-22

Participant data and participant accounts 5-24

Participant-directed versus self-directed 5-27

Benefit payments 5-28

Expenses 5-31

Financial statement presentation and required disclosures 5-33

403(b) plans 5-35

Chapter 6 6-1

Defined Benefit Pension Plans 6-1

Determination of benefit amount 6-2

Financial statements 6-3

Investments and investment income 6-6

401(h) accounts 6-8

Funding 6-10

Participant data and plan obligations 6-13

Benefit payments 6-15

Expenses 6-16

Financial reporting and disclosure 6-17

Plan transfers (plan mergers, spin-offs, and other transfers) 6-18

Terminations 6-19

Chapter 7 7-1

Health and Welfare Plans 7-1

Defined contribution versus defined benefit 7-3

Challenges in auditing a health and welfare plan 7-4

Components of the financial statements of a welfare benefit plan 7-7

Unique features of a health and welfare benefit plan 7-13

Disclosure requirements 7-21

Reporting requirements 7-25

Chapter 8 8-1

Other Auditing Considerations 8-1

Related party and party in interest transactions 8-2

Prohibited transactions 8-7

Untimely deposits of employee deferrals 8-8

ERISA supplemental schedules 8-10

Form 5500 information consistency with financial statements 8-13

Tax status 8-15

Auditing corrective actions 8-18

Certified information 8-19

Investment confirmations 8-21

Going concern 8-22

Chapter 9 9-1

Wrapping Up 9-1

Commitments and contingencies 9-2

Subsequent events 9-4

Representation letter from management 9-6

Communication of internal control-related matters identified in an audit 9-9

Management advice letter considerations 9-12

Communication with those charged with governance 9-13

Appendix A A-1

Illustrative Financial Statements and Disclosures for a Defined Contribution Plan With Participant-Directed and Nonparticipant-Directed Investment Programs A-1

Appendix B B-1

Illustrative Financial Statements and Disclosures for a Defined Benefit Plan Assuming an End-of-Year and Beginning-of-Year Benefit Information Dates B-1

Appendix C C-1

Illustrative Financial Statements and Disclosures for a Health and Welfare Plan C-1

Appendix D D-1

Illustrative Supplemental Schedule of Assets D-1

Appendix E E-1

Illustrative Supplemental Schedule of Reportable Transactions E-1

Appendix F F-1

Illustrative Example of an Engagement Letter for a 401(k) Employee Benefit Plan Audit Engagement F-1

Appendix G G-1

Small Pension Plan Audit Waiver Decision Tree G-1

Appendix H H-1

Report Modifications Chart H-1

Appendix I I-1

Pension Plan Audit Decision Tree I-1

Appendix J J-1

Illustrative Supplemental Schedule of Delinquent Participant Contributions J-1

Glossary Glossary 1

Index Index 1

Solutions Solutions 1

Chapter 1 Solutions 1

Chapter 2 Solutions 3

Chapter 3 Solutions 5

Chapter 4 Solutions 6

Chapter 5 Solutions 8

Chapter 6 Solutions 10

Chapter 7 Solutions 12

Chapter 8 Solutions 14

Chapter 9 Solutions 17