‏514.00 ₪

Practice Aid - Using a SOC 1Â® Report in Audits of Employee Benefit Plans

‏514.00 ₪

ISBN13

9781945498183

יצא לאור ב

זמן אספקה

21 ימי עסקים

עמודים

פורמט

Paperback / softback

תאריך יציאה לאור

11 באפר׳ 2018

שם סדרה

AICPA

לדלג לסוף של גלריית תמונות

לדלג להתחלה של גלריית תמונות

פרטים

Designed to cover the complexities of SOC 1 reports and employee benefit plans, this practice aid describes how a SOC 1 report should be considered in the audit of an employee benefit plan and what audit procedures should be applied to the information in the SOC 1 report.

מידע נוסף

מידע נוסף
עמודים	80
פורמט	Paperback / softback
ISBN10	1945498188
יצא לאור ב	NC
תאריך יציאה לאור	11 באפר׳ 2018
תוכן עניינים	Chapter 1 Introduction 1 Purpose of This Practice Aid 1 SOC Reports 1 Background 1 Types of SOC 1 Reports 3 Applicability to Employee Benefit Plans 4 2 A Brief Overview 7 Risk Assessment Procedures and Related Activities 7 The Auditor's Understanding of the Entity and Its Environment, Including Its Internal Control 7 Understanding the Entity and Its Environment 7 Understanding the Entity's Internal Control 8 Control Activities and the Information System, Including the Accounting System 9 Identifying and Assessing the Risks of Material Misstatement 10 Risk Assessment and a Plan's Use of IT 10 3 Using the Services of a Service Organization 13 Determining Whether the Service Organization Is Part of the Employee Benefit Plan's Information System 16 Understanding the Services Provided by a Service Organization 17 Obtaining Information About the Nature of the Services 18 The Nature and Materiality of the Transactions 18 Degree of Interaction 18 Nature of the Relationships 19 Procedures When the Plan Auditor Cannot Obtain a Sufficient Understanding From the Employee Benefit Plan 19 Using a SOC 1 Report to Obtain an Understanding of the Services Provided to the Employee Benefit Plan 20 Evaluating a SOC 1 Report 22 Subservice Organizations 23 4 Responding to the Assessed Risks of Material Misstatement When the Plan Uses a Service Organization 25 Performing Further Procedures in Response to Assessed Risk 25 Procedures When a SOC 1 Report Is Not Available 25 Obtaining and Using a Type 2 SOC 1 Report 26 Planning Checklist for Audits of Employee Benefit Plans That Use a Service Organization 27 SOC 1 Report Considerations in Planning an ERISA Limited-Scope Audit 27 Frequently Asked Questions-How Does a Plan Auditor Obtain a SOC 1 Report? 28 5 How to Use a SOC 1 Report 29 Type of SOC 1 Report 29 Type 1 SOC 1 Reports 29 Type 2 SOC 1 Reports 29 Timing Considerations 30 The Service Auditor's Report 31 Description of the Service Organization's System 31 Control Objectives, Related Controls, and Assertions 33 Complementary User Entity Controls 33 Tests of the Operating Effectiveness of Controls 34 Frequently Asked Questions-Using SOC 1 Reports 35 6 Responding to Testing Exceptions and Control Deficiencies and Other SOC 1 Report Considerations 37 Effect on the Plan Auditor 37 Other SOC 1 Report Considerations 38 Deviations in the Results of Tests 38 Deviation in IT and Non-IT Controls 38 Glossary 41 Appendix A-Practice Tools 43 Exhibit A-1-Audit Program: Auditing the Financial Statements of an Employee Benefit Plan That Uses a Service Organization 43 Exhibit A-2-Planning Checklist for Audits of Employee Benefit Plans That Use a Service Organization 47 Exhibit A-3-Documentation of Use of a Type 2 Service Auditor's Report in an Audit of an Employee Benefit Plan's Financial Statements 50 Appendix B-An Overview of SOC 1, 2, and 3 Reports 61
זמן אספקה	21 ימי עסקים