Auditing Employee Benefit Plans
 

Overview

8.0 Credits
IN-PERSON

Master the fundamentals of auditing employee benefit plans in accordance with AICPA standards and ERISA rules and regulations and avoid the problems that are often encountered. Explore the accounting and auditing requirements unique to employee benefit plans. This course is designed to give you an understanding of requirements and audit procedures related to defined contribution, defined benefit, and health and welfare plans to help you more effectively plan and carry out your audit.

Objectives

When you complete this course you will be able to:

• Determine how to audit employee benefit plans in accordance with AICPA standards and ERISA rules and regulations.

• Identify specialized audit tests.

• Compare the scope of an audit.

• Compare the structure of the more popular employee benefit plans.

             • Identify accounting requirements unique to employee benefit plans.

Major Topics

• Common plan types

• GAAP vs. ERISA reporting requirements

• Recent developments

• Filing and audit requirements

• Planning the audit and assessment of risks

• Prohibited transactions

• Overview of tax compliance

• Internal control and understanding unique to employee benefit plans

• Understanding and auditing 401(k), defined contribution, defined benefit, health and welfare, and employee stock ownership plans (ESOPs)

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