SchedulingFormGuidance

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Firms that do not perform any engagements under the SASs, Government Auditing Standards, or any examinations of prospective financial statements under the SSAEs, may have an engagement review.

Changes have been made to the Scheduling Form to more clearly identify high-risk industries and address the concerns of firms and reviewers related to the approval process.  If your firm is having a system review, please note that questions 18 and 19 should be marked for ALL areas in which your firm practices. Your reviewer is required to have experience in these areas. Question 19B includes two sections and should be carefully completed to ensure proper qualifications of the review team.  Box 1 should include all industries in which your firm performs audits and Box 2 should be checked for all industries in which your firm performs over ten percent of their audits. The chart below provides updated ERISA code details.



Codes 380 – Defined Contribution Plans – (Full and Limited Scope) would include the following pension plans:
401(k) plans        
Thrift Savings plans
ESOPs                         Money Purchase plans
Stock Bonus plans       
403 (b) plans
Profit sharing plans

Codes 390 – Defined Benefit Plans (Full and Limited Scope) would include the following pension plans:
 
Traditional plans
Cash balance plans

Code 400 – ERISA Health & Welfare Plans would include the following:

Defined contribution (health & welfare plans
Defined benefit (health & welfare) plans

Code 403 – ESOP Plans

Code 405 – “Other ERISA Plans” should rarely be used

A multiemployer plan is a plan format & not a plan type. A multiemployer plan can be either a defined contribution plan, a defined benefit plan or a health & welfare plan