Auditors will be following Statement on Auditing Standards (SAS) 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, to perform and report on employee benefit plan (EBP) financial statement audits. SAS 136, as amended, is codified in AU-C 703, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, and is effective for audits of financial statements for periods ending on or after December 15, 2021. Early adoption
Resources
EBP audits: Time to implement SAS 136 (AU-C 703)
Apr 19, 2022 · 287 KB Download
FIRM MEMBER
EXCLUSIVE
Resource available
Download the CPEA report: EBP – time to implement SAS 136 (AU-C 703)
File name: CPEA April 2022 report – EBP audits – Time to implement SAS 136.pdf
Reserved for CPEA Members
Already a CPEA Member?
Log in with your account
Not a CPEA Member?
To gain access to exclusive content, your first step is to join AICPA & CIMA.
Discover the benefits of: