Webcast: Surgent's Audits of 401(k) Plans: New Developments and Critical Issues
8.0 Credits
Member Price $255.00
Non-Member Price $340.00
Overview
One of the most favored employee benefit plans, the 401(k) plan, provides unique challenges for auditors.
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 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.
Highlights
- Proper planning of benefit plan audit engagements and developing audit strategy while improving overall efficiency
- Common pitfalls in planning and detailed audit procedures
- Changes affecting 401(k) plans, including recently issued SASs
- Common mistakes as noted in peer reviews and DOL inspections
Prerequisites
Basic understanding of auditing defined contribution plans
Designed For
Practitioners responsible for planning and performing employee benefit plan audit engagements
Objectives
- Identify the key provisions of recently issued SASs
- 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 reviews
Leader(s):
Leader Bios
Melissa Critcher, Surgent McCoy CPE, LLC
Melissa G. Critcher, CPA is a member of both the American Institute of Certified Public Accountants (AICPA) and the North Carolina Association of Certified Public Accountants (NCACPA). She has served in various roles with the NCACPA including member of the Board of Directors, committee member for the Accounting and Attestation Committee as well as local chapter positions. She is one of the recipients of the 2010 and 2011 AICPA Outstanding Discussion Leader Award. Critcher’s background in accounting includes more than 15 years experience in public accounting specializing in auditing defined contribution and defined benefit employee benefit plans as well as manufacturing, distribution and professional service organizations. Her public accounting experience includes a position as a senior audit manager with Greer & Walker, LLP in Charlotte, North Carolina, a manager at a regional firm in Raleigh, North Carolina prior to re-locating to Charlotte. Critcher also worked with a local firm in Winston-Salem. During her career, Critcher has been responsible for managing the employee benefit plan niche, marketing and business development and conducting in-house training seminars. Since 2002 Critcher has led discussion seminars on the AICPA’s Audits of 401(k) Plans for the NCACPA. Additional seminars include Audit Documentation and Review, Employee Benefit Plan Audits, Small Business Audits, etc.
Non-Member Price $340.00
Member Price $255.00