This is a rebroadcast of the original webcast offered in 2017. In this webcast, we will discuss how to maximize your firm’s use of a SOC 1 report in your EBP audits. You’ll get tips and tricks for effectively reviewing and understanding the SOC 1 report and other firm best practices
• Use the EBPAQC tool, Documentation of Use of a Type 2 Service Auditor’s Report in an Audit of an Employee Benefit Plan’s Financial Statements.
• Identify and link risk assessments to controls.
• Evaluate user controls.
• Determine and document conclusions regarding how the SOC 1 report will be used to gain an understanding of the plan’s internal controls and potentially reduce substantive testing.
• SOC 1 report
• EBPAQC tool
Basic knowledge of EBP audits