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

Overview

Perfect for staff or

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

Course Instructor: Marilee Lau

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 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 AICPA. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.