Description

Distribution testing, investments and audit wrap-up

Employee benefit plan audits are quite different from corporate audits and require an understanding of the unique audit areas specific to plans.

Part 3 of the 401(k) audit basics series addresses distribution testing, investments and audit wrap-up, including:

- The various types of plan distributions and benefit payments

- Types of plan investments and the related disclosures

- ERISA Section 103(a)(3)(C) and non-Section 103(a)(3)(C) audits and the common issues and errors typically seen in these areas

- Wrapping up the audit

- Common issues and errors seen in these areas

Instructor: Marilee Lau,Lauren Smith,Cathleen Finneran

Target Audience

Auditors new to employee benefit plan auditing

Course Objectives

· Identify various types of plan investments.

· Distinguish required investment disclosures.

· Recall unique aspects of ERISA Section 103(a)(3)(C) and non-Section 103(a)(3)(C) audits and the common issues and errors typically seen in these areas.

· Identify the various types of plan distributions and benefit payments.

· Recognize issues to consider in wrapping up the audit.

Subjects

· Plan distributions and benefit payments

· Investments and related disclosures

· ERISA Section 103(a)(3)(C) audits

· Audit wrap-up