EBP2117. Planning & Risk Assessment: Part I

This session is part 1 of 2 of working through the planning and risk assessment process for the fundamental track case study and will continue in Session #XX. These sessions include consideration of SOC 1 reports and certifications for limited scope audits.

Learning Objectives:

• Recognize necessary procedures to properly plan an employee benefit plan, through utilization of an example
• Discuss risk assessment and the design of and linkage to planned procedures based on risk evaluation by audit area at the assertion level utilizing examples of documentation tools
• Outline when limited-scope audits are appropriate utilizing evaluation tool
• Review SOC 1 report and its impact on planned procedures and risk assessment, walk through a SOC 1 evaluation, including internal and user control considerations