Performing an audit of a retirement fund may be challenging because of the highly regulated environment and complexities of the different types of funds involved. Auditors need to comply with various reporting requirements, make use of prescribed audit report formats and consider statutory actuarial valuations. Failing to address and document any of these considerations may result in significant audit quality deficiencies that may have an impact on the audit report.
This training will give participants a practical understanding of key requirements and considerations relating to retirement fund audits, and how to approach these engagements efficiently.
Content and outline
Explanation of the following concepts and demonstration of their practical application:
· Regulatory context
· Types of Funds
· Legislation
· Annual financial statements
· Audit reports
· Audit fieldwork focus areas
· Other focus areas
· Latest developments
Certification:
Upon completion of the course, participants will receive a verifiable LEAF Bronze CPD Certificate.
Elevating the standards of all auditors and those seeking to become auditors by upholding the principles of legislation, regulation, and quality audit management and performance.
Quests Curriculum
- 4 Levelss
- Coaching By LEAF
- Communities Support
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Levels 01 Introduction
Mission(s) included in this level: 1. Welcome
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Levels 02 Planning & Fieldwork
Mission(s) included in this level: 2. Audit Planning, 3. Fieldwork
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Levels 03 Completion & Errors
Mission(s) included in this level: 4. Completion, 5. Common Errors
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Levels 04 Final Quiz
Pass the Final Quiz with at least 80 % to complete the quest and receive a a verifiable LEAF Silver CPD Certificate upon completion.