Learning about the employee benefit plans auditing standard

In July 2019, the AICPA Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA (EBP SAS). The EBP SAS has been codified in AU-C section 703, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, of AICPA Professional Standards and amended by various other SASs subsequent to its issuance. The EBP SAS, as amended, prescribes