![]() SAS 136 also includes examples of reports on comparative financial statements and reports when prior period financial statements were audited by a predecessor auditor or when a prior period was not audited. There are comprehensive examples and explanations for the structure and presentation of such opinions, including reports for audits in accordance with Generally Accepted Auditing Standards, as well as other auditing standards. Much of the standard contains detailed guidance on the form and content of an auditor’s opinion on ERISA plan financial statements. Auditors’ responsibilities in reading the draft Form 5500 prior to dating the auditor’s report and related communications with those charged with governance.Contents and form of the auditor’s opinion on such statements.Forming an opinion on ERISA plan financial statements.Required written representations from plan management.Procedures for an ERISA Section 103(a)(3)(C) audit, previously known as limited-scope audit.Communications with management or those charged with governance related to reportable findings.Evaluation of reportable findings such as noncompliance or internal control deficiencies.Evaluation and reporting of prohibited party-in-interest transactions.Audit risk assessment and an auditor’s responses to identified risks.Engagement acceptance, including obtaining the agreement of management acknowledging and understanding their responsibility for the plan, its administration and disclosures.The standard delineates an auditor’s responsibilities and performance requirements related to: The new standard is effective for audits of ERISA plan financial statements for periods ending on or after Decemearly implementation is not permitted. Such plans include 401(k), 403(b), defined benefit, and health and welfare plans. This new standard addresses an auditor’s responsibility to form an opinion on the financial statements of employee benefit plans subject to ERISA, as well as the form and content of the auditor’s report issued on the financial statements of an ERISA plan. 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA (Employee Retirement Income Security Act of 1974). The American Institute of CPA’s Auditing Standards Board recently published Statement on Auditing Standards (SAS) No. Media Content License Fees: Contract Compliance Measurement.Special Purpose Acquisition Company (SPAC) Services.Technology Enabled Services for Health Care Companies.Value-Based Services / Government Health Care.Health Care Investor and Private Equity Services.EHR Self-Attestation Using SAFER Guides.Coding & Documentation Support & Assistance.EA RESIG – Real Estate Fund Administration Services.Forensic, Litigation & Valuation Services. ![]() Federal Contactors Cybersecurity Program.EisnerAmper - Wealth Management & Corporate Benefits.Global Compliance & Regulatory Solutions.Environmental, Social and Governance Services (ESG).Center for Individual and Organizational Performance.Employee Benefit Plan Audit (ERISA Qualified Plans).
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