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Monday, June 4, 2018 Live

Audits of 401(k) Plans (E1806321)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

8 CPE Credits in AA

OVERVIEW

Since 401(k) plans make a popular option for employee benefit plans, auditors of employee benefit plans must have the proper skills to audit these plans effectively. You will work through how to audit a 401(k) plan and prepare financial statements that satisfy ERISA and SEC requirements. Tap into ways to plan and conduct 401(k) audits more efficiently and effectively and understand the differences between 401(k) audits and other employee benefit plan audits.

DESIGNED FOR

Auditors of employee benefit plans, accountants in business and industry, responsible for company benefits.

BENEFITS

  • Recognize the requirements for 401(k) audits to distinguish between audits of other types of employee benefit plans and 401(k) audits
  • Identify efficient and effective ways to plan and conduct 401(k) audits
  • Recognize new developments affecting 401(k) audits

HIGHLIGHTS

  • Background of 401(k) audits
  • Audit planning and pre-engagement activities
  • Internal control considerations
  • Auditing the statements of net assets and changes in net assets available for benefits
  • Other auditing considerations
  • Auditor’s report
  • Financial statement disclosures
  • Supplemental schedules

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • *AICPA members deduct an additional $30 from applicable price.

Course materials are distributed electronically. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Raymond Nowicki

Raymond M. Nowicki, CPA

Raymond M. Nowicki, CPA

Raymond M. Nowicki, CPA Buffalo, New York

Raymond M Nowicki, CPA is Managing Partner at Nowicki and Company, LLP , the 20th largest CPA firm in Western New York a CPA and he specializes in auditing, accounting, litigation support and quality control services. As the firm’s quality control partner, he is actively involved performing audits for commercial entities (i.e. manufacturing, wholesaling, retailing, broker-dealers, etc.) non-for-profits and ERISA engagements. His firm has successfully undergone multiple reviews under the stringent NPRC process.

He is Team Captain –qualified and performs approximately 100 peer reviews in New York, New Jersey, and Pennsylvania in a 3 year cycle. The firm is the second largest peer review practice in New York State.

Nowicki is a current member of the National Peer Review Committee ( NPRC), former member of the AICPA Peer Review Board (2002-2004), author of the AICPA National Training Manuals for Basic and Advanced Peer Review Skills (2010-2013), and member of the NYS Society of CPA’s Peer Review Committee for the AICPA (March 1995 to present). He has done multiple tours of duty as a Vice-Chairman of Oversight for the New York Committee, allowing him a unique opportunity of testing the peer reviewers.

Nowicki has been a featured instructor for the AICPA Basic and Advanced Peer Review Training and Peer Review Update courses, the AICPA Advanced Auditing of Defined Contribution Plan certificate program, and the AICPA Peer Review Conference. In presenting the Basic Peer Review Course, Ray has been dubbed “The Master Sergeant” in New York for his entertaining approach to teaching new recruits the true meaning of peer review, and has developed some interesting phrases that help his students master the skills needed for the peer review process. However, some of his classmates have been known to complain about doing pushups during class.

Even though Ray received his CPA license in 1979, so you can guess his age, his classmates have commented on his limitless energy and high impact approach to giving students a new awareness of the importance of their profession and its relationship to serving the public trust.

PRICING

$279.00 - Member

$379.00 - Nonmember

AICPA members receive a discount of $30 for this event.

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

American Institute of CPAs