Advanced Audits of 401(k) Plans: Best Practices & Dev. Webcast [AAFPAP]
Time: 07:00am-2:30pm
Subject:
AuditingCredit Hours:
8.00Price:
Member: $380.00
Non-member: $490.00
Discussion Leader:
Philip Marciano, CPA
more info
Phil Marciano, CPA, is a shareholder with Mayer Hoffman McCann CPAs (“MHM”) (the CPA firm associated with CBIZ). He specializes in audits of governments and nonprofit organizations, including federal single audits performed under the Uniform Guidance (formerly OMB A-133) audits, as well as employee benefit plan audits. Prior to joining MHM, Mr. Marciano gained several years’ experience with a mid-sized CPA firm on Long Island, providing accounting and auditing services to his clients within the government, education, and nonprofit arenas. He has led training seminars for his clients and staff, as well as for several professional organizations, on various subjects including governmental and nonprofit accounting/auditing. Mr. Marciano is a member of the AICPA and the New York State Society of CPAs and is a member of the Society’s Governmental Accounting and Auditing Committee and the Not for Profit Accounting and Auditing Committee. Mr. Marciano also holds a certification issued by the Association of Government Accountants (AGA), as a Certified Government Financial Manager.
closeWebsite registration for this course closes on April 3, 2026. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
Advanced Audits of 401(k) Plans: Best Practices & Current Developments Webcast (AAFPAP)April 14th, 2026 / 7:00 am 2:30 pm Alaska Time
Live Webcast / Washington Society of CPAs Virtual Classroom
Looking to improve the quality of your 401(k) benefit plan audits? This is the course for you. Based on recent data from the U.S. Department of Labor and peer reviews on employee benefit plan audits, we know auditors need to up their game to meet stakeholder demands and provide the best possible audit services. In this advanced course, we will discuss the audit and reporting requirements in accordance with SAS 136 and other recently issued SASs. We will also discuss laws and regulations (such as ERISA) that are unique to employee benefit plans and provide practical guidance on their application. Course topics will focus on the most common compliance issues identified in 401(k) audits by the Department of Labor and peer reviews, as well as recommended corrections. Auditors will identify best practices for auditing areas such as payroll and compensation, participant loans, hardship distributions, investments, and plan mergers and acquisitions.
Highlights:
Audit requirements for ERISA Section 103(a)(3)(C) audits. An annual update of the changes affecting 401(k) plans. Compliance issues associated with eligibility and enrollments, remittances, lack of oversight, compensation, vesting, and other topics. Best practices for engagement planning, internal controls, risk assessment, and detailed testing. Avoiding common mistakes while performing audit procedures. Plan mergers and acquisitions. Common audit reporting and disclosure issues.
Learning Objectives:
Identify key provisions of recently issued SASs. Identify the current year changes to the rules and regulations affecting 401(k) plans. Understand the most common compliance issues encountered in 401(k) plan audits, pitfalls to watch out for, and strategies to ensure compliance. Perform efficient and effective procedures associated with planning, internal controls, risk assessments, and detailed audits. Explain the documentation and procedures related to plan mergers and acquisitions. Discuss the best practices associated with advanced audit areas, including participant loans, payroll, compensation, and investments. Understand the risks associated with a benefit plan audit engagement.
Designed For: Experienced practitioners responsible for planning and performing employee benefit plan audit engagements.
CPE Credits: 8, Auditing
Level of Knowledge: Advanced
Prerequisite: A basic understanding of auditing defined contribution plans.
Acronym: AAFPAP
Discussion Leader: Philip Marciano, CPA
