Since 401(k) plans make a popular option for employee benefit plans, uditors 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
Upon completion of this webcast, participants 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