ESOP appraisal report documentation tool

Auditors are required by professional standards to perform certain procedures with respect to information prepared by a management’s specialist that is used as audit evidence. This tool is designed to assist auditors in documenting their procedures and findings related to their review of appraisals prepared for plan management that are used as audit evidence in their ESOP (sponsored by a privately held company) audits, including their assessment of whether it is necessary to use an auditor’s specialist because the auditor