Pension Scheme Accounting & Auditing: Refresher

Objectives

This course gives an overview of the accounting for pension schemes under the Pensions Statement of Recommended Practice (SORP). It will also cover the key issues encountered when auditing occupational pension scheme to ensure a quality audit is delivered. The course will focus on the key aspects of accounting and auditing pension schemes which are different from normal corporate entities.

Key topics

• Accounting for pension scheme assets and liabilities, including asset valuation.
• Primary statements and key disclosure notes including membership information.
• Reliance on service organisations when auditing pension schemes.
• Testing contributions and benefits to meet regulator expectations.

Who should attend

Accountants in professional practice preparing and auditing financial statements for occupational pension schemes.