401(k) Audit Basics, Part 2 - Participant Data and Contributions Testing

Thursday, May 1 12:00pm - 2:00pm CDT

Webinar

2.00 Credits

Member Price $125.00

Non-Member Price $149.00

Overview

Participant data and contributions testing (bold)

Employee benefit plan audits are quite different from corporate audits and require an understanding of the unique audit areas specific to plans.

Part 2 of the 401(k) audit basics series addresses participant data and contribution testing, including:

What participant data needs to be tested and why

The different ways a participant can enroll in a plan

The various types of contributions received by a 401(k) plan

Parties in interest and prohibited transactions

Common issues and errors seen in these areas

Highlights

Participant data testing

401(k) plan contribution types

Parties in interest and prohibited transactions

Prerequisites

None

Designed For

Auditors new to employee benefit plan auditing

Objectives

Identify what participant data needs to be tested and why.
Recall the different ways a participant can enroll in a plan.
Distinguish the various types of contributions received by a 401(k) plan.
Recognize parties in interest and prohibited transactions.
Distinguish unique issues that should be considered when planning 401(k) plan audits.

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by AICPA.