Go beyond the basics in preparing working papers and financial statements for employee benefit plans. This CPE course will provide the auditor with the tools necessary to understand the complex rules and regulations that affect employee benefit plans as well as guidance on addressing deficiencies. Through contemporary case studies, you’ll gain a thorough understanding of the procedures needed to effectively plan and carry out your audits.
- Identification of various types of plans
- Planning, communication, and other activities for defined contribution plans
- Investments and investment related income
- Auditing participant data, contributions, distributions, and participant loans
- Fraud in employee benefit plans
- Government regulations and reporting requirements
- Comparing the audited financial statements to Form 5500
- Legal counsel representations
- Case studies and discussion questions
When you complete this course, you will be able to:
- Differentiate types of defined contribution plans that are available to plan sponsors
- Recognize complex audit and accounting issues associated with defined contribution plans
- Compare types of investment options that may be available to participants, including the audit procedures for complex investments.
- Identify fraud and determine the appropriate audit responses
- Apply rules and regulations associated with auditing and reporting for defined contribution pension plans.
Who Will Benefit?
Practitioners with experience auditing defined contribution plans
Prerequisite: Experience with the employee benefit plan audit process and a working knowledge of ERISA
Advanced Preparation: None