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. 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.
Learning Objectives
When you complete this course you will be able to:
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.
Major Topics
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
Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Auditing
8
Who Should Attend
Auditors of employee benefit plans, accountants in industry responsible for company benefits
Instructor(s)
Randy Dummer
Prerequisites
Experience with the employee benefit plan audit process and a working knowledge of ERISA