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Nonprofit Blog

Proposed Changes to the Way Benefit Plan Audits Are Conducted

Posted by jbarnes on Jun 7, 2017 12:00:00 AM

On April 20, 2017, the AICPA issued Exposure Draft AU-C sec. 703 entitled, “Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA.” Because the change is still in the draft stage by the AICPA Auditing Standards Board, there is an opportunity for the public to comment on the draft prior to August 21. Smith & Howard will be submitting our comments and we recommend that you do so, as well.

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Topics: AU-C Sec. 703, AICPA Exposure Draft, Benefit Plan Audits, Uncategorized

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