- The unique rules and regulations that govern 401(k) plans;
- Basic audit procedures associated with a 401(k) plan;
- Common mistakes made by auditors related to 401(k) plans.
Learning Objectives
Recognize basic features of 401(k) plans; identify general features of 401(k) plan operation and administration; identify general reporting requirements for 401(k) plans; analyze the requirements for an ERISA Section 103(a)(3)(c) audit; recognize the requirements of the risk assessment standards for a 401(k) audit; identify the audit procedures for plan assets, liabilities, revenues and expenses; recognize the differences in financial statement reporting between a 401(k) plan and other entities
Major Topics
- The unique rules and regulations that govern 401(k) plans;
- Basic audit procedures associated with a 401(k) plan;
- Common mistakes made by auditors related to 401(k) plans.