Learn and grow your skills through a series of hands-on case studies and advanced learning exercises. Participate in a mock audit, which will cover all phases of a defined contribution retirement plan audit engagement.
DESIGNED FOR
Auditors responsible for the auditing defined contribution retirement plans.
BENEFITS
- Assess the key concepts and skills for a solid audit foundation specifically related to defined contribution retirement plans and recall those concepts in audit engagements.
- Evaluate defined contribution retirement plan specific core audit concepts and apply those concepts to audit engagements
- Interpret advanced defined contribution retirement plan specific audit concepts through a mock, plan-specific audit
HIGHLIGHTS
- Planning and general procedures
- Internal control
- Sampling
- Net assets available for benefits
- Investments
- Changes in net assets available for benefit
- Plan tax status
- ESOPs
- Plan mergers, transfers, spin-offs
- Terminations
- Changes in service provider
- Financial statement presentation and disclosures
- Audit reports
PREREQUISITES
Prior experience auditing defined contribution retirement plans.
ADVANCE PREPARATION
Participants should have access to a copy of the Employee Benefit Plans — Audit and Accounting Guide during the training.
ADDITIONAL NOTES
Note: This course falls under the CPA Learning and Support point of the AICPA’s 6-Point Action Plan, which is intended to support an auditor’s ability to effectively apply all current guidance and avoid common deficiencies related to auditing the financial statements of defined benefit pension plans. Visit
AICPAStore.com/EBPCert for additional information.
*This course is not eligible for the AICPA discount.