Practice Management Tools and Aids

The Center has developed valuable tools to help members establish a quality employee benefit plan audit practice.

Documentation of Review of AICPA Independence Requirements Where Nonattest Services Are Performed for an Employee Benefit Plan Audit Client
This tool is intended to assist CPAs performing nonattest services for employee benefit plan audit clients in documenting their assessment of whether the nonattest services impair their independence, whether they have performed any “prohibited” nonattest services, and whether their understanding with the client has been established and documented in writing.

ERISA Audit Inventory and Staffing Schedule
Use this tool to help inventory your ERISA clients and schedule & staff your ERISA audit Engagements.

Firm Preparedness Checklist for Employee Benefit Plan Audits
This checklist was developed by the AICPA as a non-authoritative practice aid to assist member firm designated ERISA audit partners in assessing their firm's preparedness for the ERISA audit season and to enhance the quality of their firm's ERISA audit practice.

Internal Inspection Tool
The AICPA Employee Benefit Plan Audit Quality Center has prepared this document to assist you in planning and performing the required annual internal inspection of your firm's ERISA employee benefit plan audit practice.

Performing Quality ERISA Employee Benefit Plan Audits: Firm Best Practices
This tool assists auditors in identifying and implementing best practices for their firm’s ERISA employee benefit plan (EBP) audit practice, including establishing effective quality control policies and procedures, implementation tips, and links to useful tools and resources. 

Responding to an RFP to provide EBP audit services
This tool can assist plan auditors in responding to a request for proposal (RFP) to provide EBP audit services. 

RFP and Auditor Evaluation Process Checklist for Plan Sponsors
This tool can assist plan sponsors and other stakeholders in the request for proposal (RFP) and evaluation process to obtain quality financial statement audit services. It also discusses the RFP evaluation and auditor selection process and how to find an auditor.

Employee Benefit Plan Audit Competency Model
The AICPA Competency Framework: Employee Benefit Plan Auditing is designed to help CPAs understand the knowledge and skills necessary to perform high-quality employee benefit plan audit engagements. The framework is underpinned by the need for objectivity, integrity and ethical behavior and includes a commitment to continuously acquire new skills and knowledge.