Audits of 401(k) Plans: New Developments and Critical Issues (AFPL)
Registration is Open
Overview:
One of the most favored employee benefit plans, the 401(k) plan, provides unique challenges for auditors. Also, as many 401(k) plan administrators opt for ERISA Section 103(a)(3)(C) audits, audits of 401(k) plans will be significantly impacted by the now-effective SAS 136, the AICPA's new employee benefit plan auditing standard. Through this course, auditors will obtain an understanding of the rules and regulations unique to employee benefit plans and obtain practical guidance on applying them. Auditors will enhance their knowledge of the performance and reporting requirements of SAS 136 through real-world examples, best practices, and efficient audit techniques that can be utilized in various audit engagements. Make sure your audits don't trigger a DOL inspection by conforming to all applicable rules and regulations.
Speaker:
Critcher, Melissa
Objectives:
Identify the key provisions of SAS 136 Properly document understanding of the plan, the environment, and internal controls for an employee benefit plan Understand the importance of reading, reviewing, and documenting the controls in a service organization control report Identify potential audit triggers that may result in Department of Labor inspections Understand the risks associated with a benefit plan audit engagement Avoid common mistakes noted during peer reviewsPresenters:
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Melissa G. Critcher
Melissa G. Critcher has her own firm located in the Charlotte, North Carolina area that focuses on auditing employee benefit plans, plan sponsor support, CPA firm technical review, and various other accounting and consulting services. She has extensive experience in auditing and accounting, which includes manufacturing, professional service, healthcare, and retail industries, with a specialization...
Read more about Melissa G. Critcher here