Seminar Course Description

Audits of 401(k) Plans

Locations

CITY STATE DATES OFFERED STATE SOCIETY WEBSITE
Little Rock Arkansas Jun 09, 2020 ARCPA
Rocky Hill Connecticut Jun 01, 2020 CTCPA
Chicago Illinois Jun 08, 2020 ICPAS
Louisville Kentucky Jun 03, 2020 KYCPA
Lafayette Louisiana Oct 23, 2020 LCPA
Lafayette Louisiana Nov 18, 2020 LCPA
Ridgeland Mississippi Sep 28, 2020 MSCPA
Ridgeland Mississippi May 28, 2020 MSCPA
Missoula Montana Jul 28, 2020 MSCPA
Philadelphia Pennsylvania Jun 22, 2020 PICPA
Houston Texas Jun 30, 2020 TXCPA
Dallas Texas Aug 21, 2020 TXCPA
Bellevue Washington Jun 18, 2020 WSCPA
Waukesha Wisconsin Jun 03, 2020 WICPA

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.

Note: This course will be discontinued in November 2020.

Learning Objective

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 Dicussed

  • 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
  • Overview of reporting and performance requirements as a result of new standards issued in 2019 (effective for plan audits of financial statements ending after December 15, 2020 to be performed in 2021; early implementation is not allowed)
<< Back

COURSE CODE

AFKP

FIELD OF STUDY

  • Auditing

CPE CREDIT HOURS

8

KNOWLEDGE LEVEL

Basic

INTENDED AUDIENCE

Auditors of employee benefit plans, accountants in business and industry, responsible for company benefits

PREREQUISITE

None

ADVANCED PREPARATION

None

DELIVERY METHOD

Group Live, Self-Study On-Demand, Self-Study Text, Webcast

Email course to a friendEmail course to a friend

Contact State Societies for Public Seminar Pricing and Additional Information

Copyright © 2006-2020 American Institute of CPAs.