Surgent's Auditing 401(k) Plans: Critical Issues and Annual Update

Overview

Due to increasing scrutiny in the employee benefit plan area, it is imperative for auditors of 401(k) plans to remain up to date on the rules and regulations that may impact the audit engagement. With SAS 136, the AICPA’s new employee benefit plan auditing standard, now effective, this knowledge is even more critical.

In this course, auditors will enhance their knowledge by understanding the changes affecting audit procedures and reporting under SAS 136, identifying best practices, and performing efficient audit engagements.

Highlights

• Key requirements of SAS 136
• Changes affecting 401(k) plans 
• Audit strategy and improving overall efficiency
• Common mistakes as noted in peer reviews and DOL inspections

Prerequisites

Basic understanding of auditing defined contribution plans

Designed For

Experienced practitioners responsible for planning and performing employee benefit plan audit engagements

Objectives

• Recall key elements of SAS 136
• Understand the current changes to the rules and regulations associated with 401(k) plans
• Identify best practices associated with engagement performance
• Understand the risks associated with a benefit plan audit engagement
• Avoid common mistakes noted during peer reviews

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by Surgent. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.