Auditors have specific responsibilities under AU-C section 703, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, related to ERISA Section 103(a)(3)(C) certifications, including evaluating management's assessment of whether a certification provided by a qualified institution meets the requirements of Title 29 U.S. Code of Federal Regulations (CFR) Parts 2520.103-8 and 103-5.
The nonauthoritative tool, “Documentation of the auditor’s evaluation of management’s assessment of an ERISA Section 103(a)(3)(C) audit certification,” is designed to assist