Accounting and Auditing for ESOPS

Session Date: 
May 10th, 2017 - 8:00AM9:15AM


We will discuss the unique aspects of auditing and accounting for Employee Stock Ownership Plans (ESOPs). Our primary focus will be on leveraged  ESOPS  holding private company stock. 

At the end of the session, participants will have an understanding of:

  • Significant audit risks and how to address
  • The unique accounting and auditing considerations for leveraged ESOPs, such as:
    • Methods to release shares from suspense
    • Participant allocations o Allocated and unallocated contributions
    • Distributions due to dividend pass-through, diversification or separation from service
    • Other FinREC recommendations 
  • Valuation of non-traded employer stock and understanding the use of a specialist
  • The illustrative financial statements in the Audit Guide


Note session 28, ESOP Tax Rules and Auditing Consideration will delve into the tax considerations for ESOPs.

Field of Study:

Session Type:

Skill Level:

Speaker(s) Speaker Details Session(s)
Marilee Lau CPA, Retired Partner, KPMG LLP, San Francisco, CA 42, 50, 62, 101
Dena Herbolich CPA, Partner, Moss Adams LLP, Seattle, WA 1, 9, 62

Field of Study Legend

Behavioral Ethics
Business Management & Organization
Personal Development
Specialized Knowledge

Skill Levels Legend

L1 - Level 1
L2 - Level 2
L* - Level 1 & Level 2