Training on Pension Scheme Auditing & Financial Reporting

Module 1: Pension Scheme Financial Reporting Frameworks

• Purpose of financial reporting in pension schemes

• Overview of accounting standards and reporting requirements

• Components of pension fund financial statements

• Roles of trustees, administrators, and auditors

• Case Study: Common pension reporting gaps

Module 2: Pension Scheme Auditing Principles & Processes

• Scope and objectives of pension audits

• Audit planning and risk assessment

• Understanding audit evidence and materiality

• Auditor independence and responsibilities

• Case Study: Audit findings in pension schemes

Module 3: Internal Controls, Risk & Compliance

• Internal control systems in pension administration

• Identifying financial and operational risks

• Fraud risk and prevention measures

• Compliance monitoring and reporting

• Case Study: Control weaknesses and audit implications

Module 4: Financial Statement Analysis & Audit Review 

• Reading and interpreting audited financial statements

• Understanding audit opinions and management letters

• Reviewing key disclosures and notes

• Addressing audit queries and recommendations

• Practical Session: Reviewing a pension audit report

Module 5: Trustee Oversight, Governance & Reporting Excellence 

• Trustee responsibilities in audit oversight

• Managing auditor relationships and performance

• Regulatory submissions and disclosures

• Continuous improvement and best practices

• Practical Session: Developing an audit oversight checklist