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KNOWLEDGE CHECK

Defined benefit plans
Audit risk assessment

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* Which of the following is NOT usually considered a risk of material misstatement at the assertion level for a class of transactions, account balances and disclosures for a defined benefit plan?

The accuracy and completeness of the census data used by the actuary in determining the amount of benefit obligations.

The valuation of investments, particularly those with unobservable inputs.

The susceptibility of plan assets to theft or fraud.

The accuracy of the contributions from the plan sponsor and benefit payment amounts.

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KNOWLEDGE CHECK

Defined benefit plans Audit risk assessment

Defined benefit plans Audit risk assessment

Check your knowledge on this topic

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Defined benefit plans
Audit risk assessment

Defined benefit plans
Audit risk assessment