CPE: 8 hours
Advanced prep: None
Who should attend: Auditors of employee benefit plans, accountants in industry responsible for company benefits
Yellow Book: No
401(k) plans are a popular option for employee benefit plans, so you must have the proper skills to audit these plans effectively. Every aspect of how to audit a 401(k) plan and prepare financial statements that satisfy ERISA and SEC requirements are covered in this course. 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.
When you complete this course you will be able to:
Gain an understanding of the requirements for 401(k) audits as distinguished from audits of other types of employee benefit plans.
Plan and conduct 401(k) audits more efficiently and effectively.
Recognize new developments impacting 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