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The audit of the 403(b) plan is a new growth area for the benefit plan auditor. Learn the similarities and differences between the audit of a
403(b) and the 401(k) plan. Build on what you already know about auditing benefit plans. Learn the tax rules applicable to a 403(b) plan, their differences and the modifications needed to the audit procedures. Identify issues created by the first-time audit of a benefit plan.
This course provides the knowledge to distinguish between the operating differences of a 401(k) and a 403(b)plan, and understand the challenging open issues on the definition of a plan participant and a plan asset and teaches special skills to enable you to design audit procedures responsive to the unique attributes of 403(b) plans.
Understanding of the audit of an employee benefit plan, the basics of ERISA, etc. and a working knowledge of the audit requirements of a 401(k) plan.
Advanced Preparation: None