The new risk assessment standard (SAS No. 145) is effective for 2023 employee benefit plan audits performed in 2024. The new standard may require significant changes to the way your firm performs risk assessment. Part 2 of the two-part series:
Discussed implementation considerations for EBP audits.
Provided specific examples of how auditors may respond to identified risks.
What auditors need to know about IT general controls (ITGCs).
Provided participants an opportunity to ask questions of the experts.