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.
• 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
Designed For: Auditors of employee benefit plans
Accountants in business and industry who are responsible for company benefits
Instructor: Randy Dummer CPA
CPE Credits: 8
Area of Study: Auditing 8