Description

Due to increasing scrutiny in the employee benefit plan area, it is imperative for auditors of 401(k) plans to remain up to date on the rules and regulations that may impact the audit engagement.

In this course, auditors will enhance their knowledge by understanding the changes affecting audit procedures and reporting in accordance with recently issued Statements on Auditing Standards (SASs), identifying best practices, and performing efficient audit engagements.

Instructor: Melissa Critcher, CPA, PC

Target Audience

Experienced practitioners responsible for planning and performing employee benefit plan audit engagements

Course Objectives

Understand the current changes to the rules and regulations associated with 401(k) plans

Identify best practices associated with engagement performance

Understand the risks associated with a benefit plan audit engagement

Avoid common mistakes noted during peer reviews

Subjects

Key requirements of recently issued SASs

Changes affecting 401(k) plans

Audit strategy and improving overall efficiency

Common mistakes as noted in peer reviews and DOL inspections

Prerequisites

Basic understanding of auditing defined contribution plans