Introduction to Testing Employee Benefit Plan Audits – Part 3

This is the third of three courses in the series dedicated to helping new employee benefit plan auditors identify common audit areas and give specific examples of how to test each area.

Participants will view step by step walkthroughs of how testing is carried out in real practice and learn why certain testing procedures are necessary. In this course participants learn the common requirements and considerations for participant loans and distributions and how to test each area. We also recap the key takeaways from the first two testing courses. The detailed examples were designed to give participants knowledge and skills that can be implemented immediately and reduce the EBP learning curve.

Course Key Concepts: Audit, Limited, Scope, Employee, Benefit, Plan, EBP, Disclaimer, DOL, Trust Report, Payroll, Eligibility, Compensation, Census, Loans, Distributions, Participants.