Conduct a compliant audit
Identify proper audit procedures to test the line items of the statement of net assets available for benefits, including investments.
Identify proper audit procedures to test the activity in the statement of changes in net assets available for benefits, including participant testing.
Plan investments
Differentiate plan investment procedures based upon the type of audit and risk assessment.
Identify types and classifications of common plan investments.
Identify audit procedures required for investment activity, contributions and benefit payment or withdrawals at the participant level.
GAAP presentation and disclosure
Understand GAAP requirements for presentation and disclosure for employee benefit plan financial statements.
Other audit considerations
Recognize procedures needed to determine the plan's tax status
Learn how to identify related parties, parties in interest, and prohibited transactions.
Recognize additional audit procedures needed for Form 11-K filers.