Log Out

Advanced Audits of 401(k) Plans: Best Practices & Current Developments

  December 3, 2018 from 8:00 a.m. to 3:30 p.m.
19 / 3-729
Designed For:

Identify the current year changes to the rules and regulations effecting 401(k) plans Examine the most common compliance issues encountered in 401(k) plan audits, what to watch out for, and what can be done to endure compliance Performing efficient and effective procedures associated with planning


Understanding of auditing defined contribution plans

As we saw from the recent U.S. Department of Labor review of employee benefit plan audits, auditors need to raise their game in order to provide the quality audits that plan stakeholders demand. The AICPA has reacted by issuing a proposed SAS that will significantly impact how audits of these plans will be performed. Discuss both the existing and new rules and regulations unique to employee benefit plans and obtain practical guidance on their application. Explore the most common compliance issues identified in 401(k) audits along with recommended corrections. Auditors will identify best practices for handling specific issues that arise during the course of the engagement related to payroll and compensation, participant loans, hardship distributions, investments, plan mergers/acquisitions, etc. Also identify efficient audit techniques that can be utilized in various audit engagements.

Delivery Method: Group-live
CPE Credit: Auditing
Program Level: Advanced