Pension Scheme Accounts - Current Issues and Refresher

The pension scheme SORP continues to present challenges for accountants and auditors. This update will address all the common accounting and disclosure problem areas and how they should be tackled in practice.

The course will also consider the practical challenges faced by firms when auditing pension schemes and how they can successfully comply with the ISAs, whilst still maximising audit efficiency. In addition, we will update delegates on all recent regulatory changes and important pronouncements from the Pensions Regulator and the Pensions Research Accountants Group (PRAG).

This course will include:

• Which pension schemes do and don’t need audited accounts
• The revised SORP – what changed and when it applies
• Common problems with the pensions SORP and how to tackle them
• Auditing pension schemes – hot topics
• Reliance on service organisations when auditing pension schemes – key tips and traps
• Going concern in pension schemes and the impact of COVID-19
• TPR and PRAG update – including changes arising from GMP equalisation

The content for online courses predating 2021 may vary.