Audits of 401(k) Plans

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Event Details

Tuesday, July 28, 2020

8:00am – 4:00pm
(Registration: 7:30am)


Hilton Garden Inn

3720 N Reserve St

Missoula, MT 59808


Field of Study

  • Auditing

CPE Credit

8 hours CPE credit

Course Code



Level of Knowledge







Since 401(k) plans make a popular option for employee benefit plans, auditors of employee benefit plans must have the proper skills to audit these plans effectively. You will work through how to audit a 401(k) plan and prepare financial statements that satisfy ERISA and SEC requirements. Tap into ways to plan and conduct 401(k) audits more efficiently and effectively, and understand the differences between 401(k) audits and other employee benefit plan audits.


  • Background of 401(k) audits
  • Audit planning and pre-engagement activities
  • Internal control considerations
  • Auditing the statement of net assets available for benefits
  • Auditing the statement of changes in net assets available for benefits
  • Other auditing considerations
  • The auditor’s report
  • Financial statement disclosures
  • Supplemental schedules
  • Overview of reporting and performance requirements as a result of new standards issued in 2019 (effective for plan audits of financial statements ending after December 15, 2020 to be performed in 2021; early implementation is not allowed)


When you complete this course you will be able to:

  • Recognize the requirements for 401(k) audits to distinguish between audits of other types of employee benefit plans and 401(k) audits.
  • Identify efficient and effective ways to plan and conduct 401(k) audits.
  • Recognize new developments affecting 401(k) audits.

Designed For

Auditors of employee benefit plans, accountants in business and industry, responsible for company benefits.

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