Audits of 401(k) Plans: New Developments & Critical Issues [AFPL]

Jun 29, 2021
Time: 8:30am - 4:00pm


Accounting & Auditing

Credit Hours:



Member: $245.00
Non-member: $445.00

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Discussion Leader:

Melissa G. Critcher, CPA    more info

Melissa G. Critcher has her own firm located in the Charlotte, North Carolina area that focuses on auditing employee benefit plans, plan sponsor support, CPA firm technical review, and various other accounting and consulting services. She has extensive experience in auditing and accounting, which includes manufacturing, professional service, healthcare, and retail industries, with a specialization in employee benefit plans. She is an author and instructor of continuing education courses for various organizations, including the North Carolina Association of CPAs (NCACPA) where she has been recognized as an Outstanding Discussion Leader. Melissa’s career began with a small, local CPA firm in North Carolina, and she has since worked for various sized accounting firms across North Carolina during the course of her career. She has been providing auditors with the fundamentals and techniques necessary in order to properly audit defined contribution and defined benefit plans for more than 20 years. Her auditing background includes performing engagements for various size benefit plans, both limited and full scope audits, as well as evaluating Service Organization Control reports. Melissa graduated from Appalachian State University with a Bachelor of Science degree in Business Administration specializing in Accounting. She is a member of the NCACPA and other professional organizations.

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Website registration for this course closes on June 28, 2021. To register after this date please contact the society at or 907-562-4334.

Full Description

Audits of 401(k) Plans: New Developments & Critical Issues Webcast (AFPL)

June 29th, 2021

One of the most favored employee benefit plans, the 401(k) plan, provides unique challenges for auditors. Obtain an understanding of the rules and regulations unique to employee benefit plans with the practical guidance provided by this course. Auditors will enhance their knowledge through real world examples, best practices and efficient audit techniques that can be utilized in various audit engagements. Make sure your audits dont trigger a DOL inspection by conforming to all applicable rules and regulations.

Major Topics Covered:
-Learn how to properly plan your benefit plan audit engagement and develop an audit strategy while improving overall efficiency
-Find out how to avoid common pitfalls in planning and detailed audit procedures
-Annual update of the changes affecting 401(k) plans
-Description of common mistakes as noted in peer reviews and DOL inspections
-The new audit standard for employee benefit plans

Learning Objectives:
-Properly document your understanding of the plan, the environment and internal controls for an employee benefit plan
-Understand the importance of reading, reviewing, and documenting the controls in a Service Organization Control Report
-Identify potential audit triggers that may result in an inspection by the Department of Labor
-Understand the risks associated with a benefit plan audit engagement
-Avoid common mistakes noted during peer reviews

Designed For: Practitioners responsible for planning and performing employee benefit plan audit engagements.

CPE Credits: 8, Accounting & Auditing

Level of Knowledge: Basic

Prerequisite: Understanding of auditing defined contribution plans.

Acronym: AFPL

Discussion Leader: Melissa G. Critcher, CPA