Perfect for staff or in-charge auditors new to ERISA audits, this webcast provides an understanding of 401(k) plans and how they work and addresses...
5/2/2024 1:00pm - 3:00pm | Online | AICPA
Members: $118.00, Non-members: $142.00
CPE Categories: Auditing (2 CPE)
Participant data and contributions testing
Employee benefit plan audits are quite different from corporate audits and require an understanding of the unique audit areas specific to plans.
Part 2 of the 401(k) audit basics series addresses participant data and contribution testing, including:
- What participant data needs to be tested and why
- The different ways a participant can enroll in a plan
- The various types of contributions received by a 401(k) plan
- Parties in interest and prohibited transactions
- Common issues and errors seen in these areas
Auditors new to employee benefit plan auditing
'- Identify what participant data needs to be tested and why.
- Recall the different ways a participant can enroll in a plan.
- Distinguish the various types of contributions received by a 401(k) plan.
- Recognize parties in interest and prohibited transactions.
- Distinguish unique issues that should be considered when planning 401(k) plan audits.
'- Participant data testing
- 401(k) plan contribution types
- Parties in interest and prohibited transactions
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