Master the fundamentals of auditing employee benefit plans in accordance
with AICPA standards and ERISA rules and regulations and avoid the
problems that are often encountered. Explore the accounting and auditing
requirements unique to employee benefit plans. This course is designed
to give you an understanding of requirements and audit procedures
related to defined contribution, defined benefit, and health and welfare
plans to help you more effectively plan and carry out your audit.
Learning Objectives
Recall how to audit employee benefit plans in accordance with AICPA standards and ERISA rules and regulations.
Identify specialized audit tests.
Indicate the scope of an audit.
Recall the structure of the more popular employee benefit plans.
Identify accounting requirements unique to employee benefit plans.
Major Topics
Common plan types
GAAP vs. ERISA reporting requirements
Recent developments
Filing and audit requirements
Planning the audit and assessment of risks
Prohibited transactions
Overview of tax compliance
Internal control and understanding unique to employee benefit plans
Understanding and auditing 401(k), defined contribution, defined benefit, health and welfare plans, and employee stock ownership plans (ESOPs)
Provider
AICPA
Course Level
Basic
Professional Area of Focus
Accounting & Auditing
Employee Benefits
CPE Field of Study
TBD
Who Should Attend
Auditors providing employee benefit audit and accounting services, benefit plan administrators and employees of companies with responsibility for accounting and reporting for plan benefits