Onpoint EBP Essentials
Overview:
OnPoint EBP - Product Training
OnPoint EBP is a cloud-based application designed to streamline your audit process using a unique plan profile that drives risk assessment, generates disclosures, and links directly to appropriate testing procedures and templates. The built-in collaboration tool streamlines documentation gathering, keeping important client data secure inside the engagement binder.
Begin your journey and learn how to optimize employee benefit plan audits using OnPoint EBP - Created by Auditors for Auditors. Gain the knowledge to efficiently and effectively perform employee benefit plan audits that are within scope of the tool.
Areas covered include:
- Complete the Plan Profile form to identify risk
- Use audit programs and testing templates
- Explain how diagnostics and guardrails are employed to guide you
- Identify the key activities than enable the completion and delivery of an engagement
- Discover the tools built into OnPoint EBP that enable and efficient file review
Gain practical experience
The practical hands-on exercise uses real-world examples, designed to give accounting professionals real-world knowledge and an understanding of OnPoint EBP processes and efficiencies.
Objectives:
Learning Outcomes
- Recognize the benefits of using OnPoint EBP for employee benefit plan audits.
- Understand the guided methodology that drives quality and efficiency and identify the common risk profile present in in-scope plans.
- Differentiate between basic functionalities within the Smart Engagement platform.
- Identify the default workflow designed into OnPoint EBP.
- Become familiar with the procedures and steps to create and accept an engagement.
- Complete the Plan Profile form to identify risk present in the plan and draft disclosure notes in the financial statements.
- Document use of subservice organizations, evaluate control design.
- Use the included sampling methodology to determine proper sample sizes for testing.
- Use audit programs and testing templates to complete audit testing.
- Explain how diagnostics and guardrails are employed to guide you while completing an engagement.
- Identify the key activities than enable the completion and delivery of an engagement.
- Discover the tools built into OnPoint EBP that enable and efficient file review.
Designed For:
Who Will Benefit
- Employee Benefit Plan auditors