December 7, 2022 8:00am – 11:30am Map & Directions 602-252-4144

Breaking Down the New Auditor's Report for ERISA Plans (8-11:30)


In July 2019, the AICPA Auditing Standards Board issued as a final standard, Statement on Auditing Standards (SAS) No. 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA. SAS No. 136 prescribes certain new performance requirements for an audit of financial statements of employee benefit plans subject to the Employee Retirement Income Security Act of 1974 (ERISA) and changes the form and content of the related auditor's report. It is not for plans that are not subject to ERISA. Codified in new AU-C section 703 of AICPA Professional Standards, this standard is the foundational section that addresses the auditor's responsibility to form an opinion on the ERISA plan financial statements and prescribes the form and content of the auditor's report for ERISA plan audits. This course will address changes brought on by SAS No. 136. Specifically, the course looks at requirements for engagement acceptance, audit risk assessment and response, including the auditor's consideration of relevant plan provisions, communications of reportable findings with those charged with governance, the auditor's responsibilities relating to the ERISA-required supplemental schedules and the Form 5500 and the form and content of the related auditor's report.


ASCPA Learning Center
4801 E Washington St Ste 180
Phoenix, AZ 85034-2040

Registration Time



Non-CPA Staff:
Non-CPA Staff (100% club):
Non-CPA Staff (sole proprietor):
Accounting & Auditing


When you complete this course you will be able to:

  • Identify the concepts contained in recently released standards that have changed the auditor's reporting process.
  • Recall the scope, objectives, and auditor's requirements of AU-C section 703, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, with respect to non-Section 103(a)(3)(C) plan audits.
  • Identify the requirements for forming an opinion on the ERISA plan financial statements and the form and content of the auditors' report.
  • Recall the audit considerations relating to the auditor's responsibilities for an entity's Form 5500 filing.
  • Identify the special considerations regarding the scope, objectives and auditor's requirements with respect to an ERISA Section 103(a)(3)(C) audit, including forming an opinion and the form and content of the ERISA Section 103(a)(3)(C) auditor's report.

Course Level



AICPA More With This Vendor

Designed For

Practitioners conducting ERISA plan audits.



Event Leaders

Bax-Kurtz, Jeanette

Rating: 4.49

Jeanette Bax-Kurtz is the Director of Not-for-Profit and Regulatory Services for Mueller Prost and coordinates the firm’s delivery of audit, tax and advisory services to tax exempt and other organizations, including not-for-profit, real estate, and healthcare industries. Her considerable knowledge base has been the source of assistance for many directors, trustees, government agencies, owners and consultants in solving challenges facing a dynamic environment.

Jeanette is a graduate of University of Missouri, St. Louis with a B.S.B.A. concentration in Accounting and a Minor in Mathematics. She has more than 30 years of experience in public accounting. Jeanette is a Certified Public Accountant in the States of Missouri, Illinois, Nebraska, and California. She is a member of the American Institute of Certified Public Accountants, Missouri Society of Certified Public Accountants, Affordable Housing Association of Certified Public Accountants, Missouri Municipal League, National Center for Employee Ownership, and AGA – Advancing Government Accountability. She also co-chairs the Allinial Global Not-For-Profit Community of Practice.

Her focus on not-for-profit organizations and highly regulated industries makes Jeanette a sought-after educator and speaker. She frequently teaches courses for the AICPA, conducts seminars for Allinial Global, and is a guest lecturer at various universities and other organizations.

In addition to her professional affiliations, Jeanette serves as a board member for several prominent non-profit organizations, as well as a local bank. She also devotes a considerable amount of time to providing services and volunteering for a variety of tax-exempt organizations.

More With Bax-Kurtz, Jeanette


  • Recent reporting standards issued.
  • The overall requirements for AU-C section 703.
  • Forming and opinion on the ERISA plan financial statements.
  • Considerations relating to Form 5500 filings.
  • Auditors reports.
  • Special considerations when performing an ERISA Section 103(1)(3)(C) audit.

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