Webcast: Audits of 401(k) Plans (WBAFKP316)
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12/13/2016
When: 12/13/2016
8:00 AM until 4:00 PM
Where: Webcast
AICPA
1146576:7CE44485FD61D87BCBB1754CBC66BA30
United States
Presenter: Randy Dummer, CPA


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Acronym WBAFKP316
CPE 8 hours
Vendor AICPA
Category
Accounting & Auditing
Level Intermediate
Yellow Book No
Prerequisite Experience with the employee benefit plan audit process and a working knowledge of ERISA
Who should attend Auditors of employee benefit plans, accountants in industry responsible for company benefits
Members $249
CPA Non-Members $319

The Member rate applies to LCPA members, reciprocal state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Description

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.

Objectives

When you complete this course you 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.

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