The AICPA Employee Benefit Plan Audit Quality Center (EBPAQC) has developed this non-authoritative matrix to assist employee benefit plan auditors in identifying potential sources of audit evidence to be considered when testing the valuation of investments for an employee benefit plan subject to ERISA.
This matrix:
Provides general descriptions of common investments in employee benefit plans
Lists sources of audit evidence frequently used to support the investment balances, presentation, and financial statement disclosures
Includes helpful tips to better understand certain