The AICPA’s Auditing Standards Board has published two Statements on Auditing Standards (SASs): No. 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, and No. 137, The Auditor’s Responsibilities Relating to Other Information Included in Annual Reports.
SAS 136 “addresses the auditor’s responsibility to form an opinion on the financial statements of employee benefit plans (EBPs) subject to the Employee Retirement Income Security Act of 1974 (ERISA), hereinafter referred to as ERISA plans. It also addresses the form and content of the auditor’s report issued as a result of an audit of ERISA plan financial statements.”
SAS 137 “addresses the auditor’s responsibilities relating to other information, whether financial or nonfinancial information (other than financial statements and the auditor’s report thereon), included in an entity’s annual report.”
For more information, see the press release on the AICPA’s Web site.