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.
DESIGNED FOR
Auditors of employee benefit plans, accountants in business and industry, responsible for company benefits.
BENEFITS
- 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
HIGHLIGHTS
- Background of 401(k) audits
- Audit planning and pre-engagement activities
- Internal control considerations
- Auditing the statements of net assets and changes in net assets available for benefits
- Other auditing considerations
- Auditor’s report
- Financial statement disclosures
- Supplemental schedules
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- *AICPA members deduct an additional $30 from applicable price.
Course materials are distributed electronically. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.