Limited-Scope Audits of 401(k) Plans: ERISA Section 103 (a)(3)(C) 25-26

Overview

Auditing ERISA Section 103 (a)(3)(C) 401(k) Plans focuses on the “limited-scope” audits that comprise over 80% of the audits filed with the Department of Labor each year. The course takes a hands-on approach to performing these engagements in a manner that ensures compliance with the professional requirements included in AU-C 703.

Highlights

• Auditing and reporting requirements to meet when the client selects the ERISA Section 103(a)(3)(C) limited scope audit option
• AICPA AU-C 703 Forming An Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA
• AICPA Audit and Accounting Guide ' Employee Benefit Plans '
• Testing participant data

Prerequisites

None

Designed For

CPAs that perform ERISA Section 103(a)(3)(C) limited-scope audits of 401(k) plans.

Objectives

• Identify the requirements CPAs should follow when performing an ERISA Section 103(a)(3)(C) audit of a 401(k) plan
• Recognize the authoritative literature applicable to performing an ERISA Section 103(a)(3)(C) audit of a 401(k) plan, in particular AU-C 703
• Become familiar with the contents of AU-C 703

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 CalCPA (calcpa@calcpa.org). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.