Course ID: AEBP

Auditing 401(K Plans:New Developments and Critical Issues for an Effective and Efficient Audit

This course will work through how to audit a 401(k plan and prepare financial statements that satisfy Employee Retirement Income Security Act (ERISA) requirements. Because 401(k plans are the most popular option for employee benefit plans, auditors of these plans must have the proper skills to best audit these plans. This course will help auditors be both effective and efficient on 401(k plan engagements.

Learning Objectives

  • Describe the requirements for 401(k audits to distinguish between audits of other types of employee benefit plans
  • Explain efficient and effective ways to plan and conduct 401(k audits
  • Discuss new developments affecting 401(k audits

Major Topics

  • Overview of Employee Benefit Plans
  • Types of Defined Contribution Plans
  • Overview of 401(k Plan
  • Pension Plan Audit Requirements
  • General Audit Planning Considerations
  • Higher Audit Risk Considerations
  • Internal Control Considerations
  • Elements of Net Assets Available for Plan Benefits
  • Deeper Dive into Investment Types
  • Investment Contracts
  • Elements of Changes in Net Assets Available for Benefits
  • Fair Value Measure and Disclosures
  • Example Defined Contribution Plan F/S40
  • Auditing Investments
  • Auditing Areas Other Than Investments
  • The Auditor’s Report & Other DOL Requirements
  • ERISA and Related Regulations
  • 2015 DOL Report: Assessing the Quality of Employee Benefit Plan Audits

Who Should Attend

Public and industry accountants at all levels interested in remaining current on employee benefit plan audit requirements

Fields of Study





Business Learning Institute

CPE Credits




This course is available for your group as:


Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.

Or, contact BLI: 888-481-3500 or
Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now