Northern Society of Chartered Accountants

Home > Events > Changes and challenges in preparing pension scheme accounts and their audit

Changes and challenges in preparing pension scheme accounts and their audit

The recent cases involving Carillion, British Steel and BHS have illustrated the problems facing trustees in managing deficits and recovery plans, in addition to complying with the requirements of the Pensions Regulator, acting in the best interest of the members and preparing annual accounts which comply with legislation and the SORP.

Course information

In this course we will review key issues facing trustees, and guidance from TPR and their impact on auditors in terms of the financial statements and whistle-blowing.

In addition, we will consider the impact of changes in Ethical and Auditing Standards and Practice Note 15.

The changing face of pension provision

• Automatic enrolment and re-enrolment – where are we now
• The growth of master trusts

Issues for defined contributions schemes

• The Chair’s statement and code of practice 13
• New options for members and the impact on accounts and audit

Issues for defined benefit schemes

• Funding in the current economic climate

DB to DC transfers and conversions

Accounting for pension schemes

• Changes to FRS 102 and the Pensions SORP
• Practical problems

Revised Audit and Ethical Standards, Practice Note 15 and Auditing Issues

• Impact on audit work
• Reporting on the accounts
• Reporting on contributions
• Whistle- blowing

Registration from 09:00

Cost

Price	£75.00 + VAT
Retired Member	£37.50 + VAT
Career Break Member	£37.50 + VAT