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Audits of ERISA Plans, With a Focus on 401(k) Plans

Description

Employee benefit plan (EBP) audit engagements continue to be scrutinized by regulators and peer reviewers due to history of noncompliance with applicable professional standards. Auditors require proper skills to perform EBP engagements effectively. You will work through the plan audit process from engagement acceptance to reporting and completion. As the most common type of plans audited, you will take a deep dive into 401(k) plans. Tap into ways to plan and conduct effective risk-based plan audits to comply with professional standards while maximizing

Learning Objectives

When you complete this course you will be able to:
• Recognize accounting and auditing requirements for a compliant audit of defined contribution plans.
• Identify appropriate audit procedures to plan, perform and report on 401(k) financial statements.
• Recognize new auditing, accounting and regulatory developments impacting EBP audits, including SAS No. 136

Major Topics

• GAAP vs. ERISA reporting requirements
• Audit planning
• Risk assessment, including consideration of internal control • Auditing the statement of net assets available for benefits • Auditing the statement of changes in net assets available for benefits • Other auditing considerations, including prohibited transactions and tax compliance
• The auditor’s report
• Financial statement disclosures
• Supplemental schedules

Provider
AICPA
Course Level
Basic
Professional Area of Focus
Accounting and Auditing
Accounting & Auditing
CPE Field of Study
Auditing
2
Accounting
1
Who Should Attend

Auditors of EBPs, practitioners considering the addition of EBP audits as a service offering, and accountants and finance professionals in business and industry responsible for company benefits.

Instructor(s)
Tony Cuozzo
Prerequisites

None

Advanced Preparation

None

Location
LIVE- ONLINE WEBCAST
Event Information
When
Jun 9, 2022
8:00 am - 4:00 pm EDT
Location
LIVE- ONLINE WEBCAST
Total CPE Credits
8
Format
Live Webcast

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$295.00

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$ (% off)
$395.00
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Audits of ERISA Plans, With a Focus on 401(k) Plans


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