Employee Benefit Plan (EBP) Fundamentals

Employee Benefit Plan (EBP) Fundamentals - Part VII

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Availability

On-Demand

Cost

Member: $69.00

Non-Member: $85.00

Retired: $69.00

Educator & Government & Non-Profit Member: $69.00

Credit Offered

1.5 CPE Credits

Field of Study:

1.5 Auditing

Part VII of the Employee Benefit Plan (EBP) Fundamentals program is made up of three modules which explore the plan audit and procedures including:

SOC 1 reports
ERISA section 103(a)(3)(C)
Form 5500

Learning Outcomes

Recall the types of SOC 1 reports used in 401(k) plan audits and why they are important
Recognize the rules regarding ERISA section 103(a)(3)(C) audits and how they affect audit procedures and the auditor’s report
Recall the purpose of the Form 5500 and how it relates to the audited 401(k) plan financial statements

Key Topics

SOC 1 reports in the plan audit
Legal and regulatory framework governing ERISA section 103(a)(3)(C) audits
Form 5500

Who Will Benefit

Auditors who want a foundational understanding of Employee Benefit Plans (EBP) subject to audit under the Employee Retirement Income Security Act (ERISA), and how they differ from commercial entities they audit.