Enhance the quality of your employee benefit plan audits by strengthening how you approach risk assessment and internal controls. This session focuses on how to identify and assess risks of material misstatement at both the financial statement and assertion levels, with attention to risks unique to EBPs. You will work through understanding the plan, its environment and its processes so risk assessment drives the entire audit approach. The session emphasizes evaluating internal controls in the areas that most often create exposure, including participant data, eligibility, contributions, allocations and benefit payments. Special focus is given to third-party service organizations and how their activities affect the plan’s control environment and your risk assessment. You will know where risks truly sit and how that impacts audit responses. By the end, you will be able to perform a more focused, well-supported risk assessment that leads to stronger audit judgments and clear documentation.