Since 401(k) plans make a popular option for employee benefit plans, auditors of employee benefit plans must have the proper skills to audit these plans effectively. In this webcast, you will work through how to audit a 401(k) plan and prepare financial statements that satisfy ERISA and SEC requirements. Tap into ways to plan and conduct 401(k) audits more efficiently and effectively, and understand the differences between 401(k) audits and other employee benefit plan audits.
Recognize the requirements for 401(k) audits to distinguish between audits of other types of employee benefit plans and 401(k) audits.~Identify efficient and effective ways to plan and conduct 401(k) audits.~Recognize new developments affecting 401(k) audits.
Background of 401(k) audits
Audit planning and pre-engagement activities
Internal control considerations
Auditing the statement of net assets available for benefits
Auditing the statement of changes in net assets available for benefits
Other auditing considerations
The auditor’s report
Financial statement disclosures
Supplemental schedules
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