This practical session will provide a step-by-step guide for preparers and auditors of pension scheme financial statements

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The financial reporting and auditing rules for pension schemes are different in many ways to those applying to other entities. This practical session will provide a step-by-step guide. Topics covered will include:

  • Pension scheme regulatory framework
  • Which schemes need an audit, and which don’t
  • Constructing the Fund Account and the Net Assets Statement
  • Key audit tests and how to perform them
  • What information really needs to go on the audit file

Pension fundamentals