On Feb. 10, 1996, President Clinton spent seven hours in Mason City and Clear Lake, visiting the Farmerâs Co-Op and its manager Glenn Brady in Clear Lake; speaking at North Iowa Area Community College; and having a potluck dinner at the Bruce Davison farm east of Mason City.
It is therefore not surprising that timely preparation of audit documentation (working papers) is a mandatory requirement of ISA 230.As to audit documentation in general, it seems that many students do not fully appreciate the extent to which audit documentation should be prepared, and its form and content.
The Summary Plan Description, or SPD, is the main vehicle for communicating plan rights and obligations to participants and beneficiaries. As the name suggests, it is a summary of the material provisions of the plan document, and it should be understandable to the average participant of the employer.rap SPD Document Requirements: Group insurance Certificates of Insurance are typically not SPDs because they do not contain all of the language required by ERISA. An employer must prepare an ERISA wrapper to supplement the Certificate of Insurance.