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
Determine how to audit employee benefit plans in accordance with AICPA standards and ERISA rules and regulations.
Identify specialized audit tests.
Compare the scope of an audit.
Compare 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, and employee stock ownership plans (ESOPs)
Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Accounting
3
Auditing
5
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
Instructor(s)
Tony Cuozzo
Prerequisites
Experience with the employee benefit plan audit process and a working knowledge of ERISA
Location
Loyola University Maryland Graduate Center Columbia Campus
