"Form 5500 considerations for auditors" provides useful information to auditors of employee benefit plan financial statements. The Form 5500 Series, which is part of the Employment Retirement Income Security Act of 1974 (ERISA) reporting requirements for employee benefit plans, can provide valuable information to help auditors better understand the plan under audit.
This nonauthoritative Employee Benefit Plan Audit Quality Center (EBPAQC) practice aid:
Assists auditors in understanding the information in a Form 5500 and how it relates to the plan's