Limited-Scope Audits of 401(k) Plans Webcast | 4203269E STARTS AT 6:30 AM PDT
Wednesday, September 16, 2020
Auditing 401(k) Plans focuses on "limited-scope" audits that comprise over 80% of the audits filed with the Department of Labor. Take a hands-on approach to performing these engagements in a manner that complies with all professional requirements.
Identify the requirements CPAs should follow when performing an audit of a 401(k) plan.
Recognize the authoritative literature applicable to performing an audit of a 401(k) plan.
Become familiar with the contents of the authoritative literature.
Identify the trends in the profession and recognize the imminent changes to the professional landscape of performing audits of 401(k) plans.
Requirements to meet when the client selects the 'limited-scope' audit option
Testing participant data
AICPA Audit and Accounting Guide 'Employee Benefit Plans'
AICPA SAS 136 Forming An Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA