An Introduction to the Audit of Pension Schemes (ICAS)

Overview

This course will provide an overview of the issues to be considered during the completion of the audit of a pension scheme. At this time it will also consider the audit issues arising out of Covid 19.

Who is this for?

This course will be relevant to all partners, managers and in charges who are new or require an update to this type of audit.

What will you learn?

• An overview of the characteristics of a pension scheme
• The responsibilities of the parties involved in the audit and communication with the trustees
• Types of pension arrangement
• Pension scheme annual report and accounts
• Planning of a pension scheme audit and the assessment of materiality
• Issues to be considered during the audit fieldwork and the application of Auditing Standards
• The audit of investments and risk disclosures
• Review of the Trustees’ report, including the statement on contributions
• The assessment of going concern
• Reporting to Regulators
• Other reports that may be required
• Statement of Recommended Practice for the Financial Reports of Pension Schemes
• Audit issues arising out of Covid 19

The course includes a question and answer session on current audit issues and sharing of experience.

Other related courses

Pension Costs in Company Accounts

Pension Scheme Accounts following FRS 102 & SORP