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.

Prerequisites

None, but must be an active OnPoint EBP subscriber.

Designed For

Who Will Benefit

• Employee Benefit Plan auditors

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.