Analytical procedures for distributions on employee benefit plan audits

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  • July 19, 2018 at 9:43 am #1889943
    LongShot
    Participant

    Any auditors in here that work on employee benefit plan audits? What types of analytical procedures do you use for plan distributions? Obviously, average payments is all but guaranteed to not be comparable from year to year, just wondering what is a good way to evaluate this? I found that calculating the z-scores of the distributions, then taking the median z-score can be comparable year to year, just wondering what other people look for.

    FAR - 75
    AUD - 72; 87
    REG - 64; 74; 84
    BEC - 88

    Done!!

Viewing 3 replies - 1 through 3 (of 3 total)
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  • July 19, 2018 at 10:54 pm #1890858
    MaLoTu
    Participant

    Do you do this instead of vouching the payment support?

    We do not do analytical procedures on distributions.

    Almost always from my phone... please excuse my typos!

    All 4 passed - 2016

    CA CPA

    July 20, 2018 at 7:26 am #1891005
    LongShot
    Participant

    No, we're looking at analytical procedures in addition to doing that.

    FAR - 75
    AUD - 72; 87
    REG - 64; 74; 84
    BEC - 88

    Done!!

    July 20, 2018 at 8:37 am #1891107
    MaLoTu
    Participant

    That is interesting. I have seen that auditing can vary depending on firm. I will look more into it.

    Almost always from my phone... please excuse my typos!

    All 4 passed - 2016

    CA CPA

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