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Surgent’s Advanced Audits of 401(k) Plans: Best Practices and Current Developments (SU0036/21)

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Surgent’s Advanced Audits of 401(k) Plans: Best Practices and Current Developments (SU0036/21)

Member Price $259
Non-Member Price $289
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April 6, 2022 @ 9:00 am

Event Description

As we saw from the recent United States Department of Labor review of employee benefit plan audits, auditors need to raise their game in order to provide the quality audits that plan stakeholders demand. The AICPA has reacted by issuing a proposed SAS that will significantly impact how audits of these plans will be performed. Now is the time to get up to speed on these significant issues and changes occurring in the world of 401(k) plan audits. In this advanced course, we will discuss both the existing and new rules and regulations unique to employee benefit plans as well as provide practical guidance on their application. The most common compliance issues identified in 401(k) audits will be explored along with recommended corrections. Auditors will identify best practices for handling specific issues that arise during the course of the engagement related to payroll and compensation, participant loans, hardship distributions, investments, plan mergers/acquisitions, etc. Efficient audit techniques that can be utilized in various audit engagements will also be identified. This is the course to take to help you improve the quality of your 401(k) benefit plan audits.

Designed For

Experienced practitioners responsible for planning and performing employee benefit plan audit engagements


Identify the current year changes to the rules and regulations affecting 401(k) plans Examine the most common compliance issues encountered in 401(k) plan audits, what to watch out for, and what can be done to ensure compliance Perform efficient and effective procedures associated with planning, internal controls, risk assessment, and detailed audit Explain the documentation and procedures related to plan mergers and acquisitions Discuss best practices associated with advanced audit areas including participant loans, payroll, compensation, investments, etc. Understand the risks associated with a benefit plan audit engagement

Major Subjects

Annual update of the changes affecting 401(k) plans Compliance issues associated with eligibility and enrollments, remittances, lack of oversight, compensation, vesting, etc. Best practices for engagement planning, internal controls, risk assessment, and detailed testing How to avoid common mistakes made while performing audit procedures Plan mergers and acquisitions Common audit reporting and disclosure issues The new audit standard for employee benefit plans


Detailed understanding of auditing defined contribution plans




April 6, 2022
9:00 am


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