Audits of 401k Plans 2023

Course Details


Monday, April 29, 2024

9:00am – 12:30pm
(Registration: 8:30am)

Field of Study


Course Number


CPE Credit

4.0 hours CPE credit

Level of Knowledge



CalCPA Education Foundation


Basic understanding of auditing 401k plans


Major changes in the audit environment for 401k plans have resulted from recent U.S. Department of Labor reviews of 401k audits and the issuance of Statement of Audit Standards Number 136 (SAS 136), the Auditing Standards Board's new standard for employee benefit plan audits. This course will assist the audit professional with guidance that will be needed to perform 401k audits in the upcoming year. We will discuss the major changes from SAS 136, including both auditor's and plan sponsor's responsibilities when electing and performing an ERISA Section 103(a)(3)(C) audit, which replaced the former limited scope audit. We will also focus on the most common compliance issues identified in 401k audits from both Department of Labor and peer reviews, along with best practices and recommended corrections.


• SAS 136 audit requirements for ERISA Section 103(a)(3)(C) audits
• Update of the changes affecting 401k plans
• Compliance issues commonly encountered in 401k plan audits
• Best practices for engagement planning, internal controls, risk assessment, and detailed testing
• Common audit reporting and disclosure issues


• Understand the key changes in 401k plans that resulted from the issuance of SAS 136
• Identify common compliance issues encountered in 401k plan audits
• Plan and perform effective audit procedures for 401k plan audits

Designed For

Experienced audit professionals who plan and perform 401k plan audit engagements

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

Non-Member Fee

Applicable if you are not a HSCPA member.

Your Price $209.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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