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401(k) Plan Auditing Basics Series Logo aicpa

  Free |   AICPA |   05 Feb 2019 |   Accounting |   AICPA Store
Learn the basics.
Who Will Benefit?
  • Accounting staff or in-charge auditors
Key Topics
  • Overview of a 401(k) plan audit
Learning Objectives
  • Recall basic information about 401(k) plans including plan structure, standard plan documents, key plan officials and service providers.
  • Recall what participant data needs to be tested, different ways a participant can enroll in a plan, various types of contributions received by a 401(k) plan, parties in interest and prohibited transactions.
  • Recognize the types of plan distributions and benefit payments, unique plan financial statement disclosures and wrapping up the audit.
  • Recognize various types of plan investments, investment disclosures, limited scope and full scope audits and the common errors typically seen in these areas.

This is a four-part introduction to auditing 401(k) plans. Parts 1 and 3 of this series are rebroadcasts of the 2017 series. Parts 2 and 4 are live events.

This is an excellent series for staff or in-charge auditors who are new to ERISA audits. We'll provide you with a basic overview of all parts of a 401(k) plan audit.

You'll gain an understanding of:

  • Defined contribution plans and how they work
  • EBP audit planning and risk assessment
  • Participant data and contribution testing
  • Unique issues encountered in performing distribution testing
  • Practical information about unique plan audit areas
Topics covered:
  • Employee benefit plan auditing: Technical: Defined contribution plans, Foundational