$1933.$ Multiple Choice Questions on Employee Benefit Plan Audits

a$.$ERISA audits of financial statements of employee benefit plans are performed using:

Department of State auditing standards.

ERISA generally accepted auditing standards.

Generally accepted auditing standards.

Government auditing standards.

b$.$ A primary difference in ERISA employee benefit plan audits performed under ERISA Section $103($a$)(3)($C$)$ and other ERISA employee benefit plan audits relates to:

Audit coverage of plan investment assets.

Auditor independence requirements.

Filing deadlines.

The financial statements audited.

c$.$ Which of the following types of benefit plans generally have ERISA audits?

$(1)$ Yes Yes

$(2)$ Yes No

$(3)$ No Yes

$(4)$ No No

d$.$ Employee benefit plans subject to ERISA are ordinarily included in which Department of Labor form?

$1$A$.$

$1040.$

$5500.$

$7200-12-3.$

e$.$ The first section of an ERISA Section $103($a$)(3)($C$)$ audit is:

Basis for Opinion

Opinion

Other Matter Section

Scope and Nature