23WI-0084: SOC 1 Reports Used in Employee Benefit Plan Audits (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Thursday, April 6, 2023
12:00pm - 2:00pm Central Time
2 CPE (2 technical)

This webcast will discuss how to maximize your firm's use of a SOC 1 report in your EBP audits. Join to hear about: An overview of SOC 1 reports and what each section covers; A discussion of the auditors responsibilities under AU-C section 402: Audit Considerations Relating to an Entity Using a Service Organization, when using a SOC 1 report as audit evidence; Tips for effectively reviewing and understanding the SOC 1 report and other firm best practices; A walkthrough of the EBPAQC SOC 1 tool and how to use it.

Major subjects

• What is a SOC 1 report?
• The auditors responsibilities under AU-C section 402: Audit Considerations Relating to an Entity Using a Service Organization, when using a SOC 1 report as audit evidence
• Effectively reviewing and understanding the SOC 1 report and other firm best practices

Learning objective(s)

• Identify the unique control environment of employee benefit plans
• Use SOC reports in risk assessment
• Analyze SOC 1 reports and the related standards
• Use the EBP Audit Quality Center Tool to document your use of a SOC 1 report
• Apply the concepts discussed in the webinar to real examples from SOC reports

Who should take this program?

Auditors of employee benefit plans

Fees

Standard Member Fee	$109.00
Standard Nonmember Fee	$131.00