The nonauthoritative Employee Benefit Plan Audit Quality Center (EBPAQC) tool is intended to assist CPAs auditing the financial statements of employee benefit plans that use one or more service organizations (user auditors). The employee benefit plan audit tool is designed to help auditors document their procedures and findings in terms of controls at a service organization that are likely to be relevant to a plan’s internal control over financial reporting.
The employee benefit plan audit tool focuses on the user