Auditing ERISA Section 103 (a)(3)(C) 401(k) Plans focuses on "limited-scope" audits that comprise over 80% of the audits filed with the Department of Labor. Take a hands-on approach to performing these engagements in a manner that complies with all professional requirements including SAS 136.
Learning 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, I.e., SAS 136
- Become familiar with the contents of the authoritative literature.
Major Topics
- Requirements to meet when the client selects the ERISA Section 103(a)(3)(C) limited scope audit option
- AICPA SAS 136 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
