Advanced Audits of 401(k) Plans: Best Practices and Current Developments WEBCAST

Tuesday, July 19 8:00am - 4:00pm PDT

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8.0 Credits

Member Price $259.00

Non-Member Price $309.00


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 don’t trigger a DOL inspection by conforming to all applicable rules and regulations.


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.


Basic understanding of auditing defined contribution plans.

Designed For

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


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.






Leader Bios

Daryl Krause

Mr. Krause has CPA Certifications and he practices in: Illinois, Indiana, Kentucky, Michigan, Ohio and Wisconsin as Manager & CEO of his firm, which he founded in 2005. Previously he enjoyed 23 years of diversified responsibilities with Ernst & Young. Industries he served included manufacturing, construction, real estate and financial services.

Daryl was the Ohio Valley Area Director of Employee Benefit Plan Services specialty audit practice for 8 years responsible for the technical accuracy and quality of over 300,000 hours of employee benefit plan audit effort. Roles included sign-off partner for approximately one third of the entire area’s engagements, independent reviewer on approximately 100 additional plans per year and technical advisor for all work.

As Senior Manager in the Entrepreneurial Services group for 3 years he managed a portfolio of corporate audit client relationships. Roles included providing SEC reporting assistance to new public companies, assisting in due diligence on potential acquisitions and helping companies improve their controls and financial reporting processes.

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Non-Member Price $309.00

Member Price $259.00