EBP1948. Distributions and Plan Expenses

Track: 
Audit Fundamentals
Field of Study: 
Auditing
Taxes
CPE Credit: 
1.0
Knowledge Level: 
Basic
Advanced Preparation: 
None

Tuesday, May 7, 2019
 
2:55PM-3:45PM

This session will provide an overview of distributions and common errors in a defined contribution plan and will focus on the testing of distributions and plan expenses for the fundamentals track case study.

Learning Objectives:

  • Identify the various types of distributions (retirement, rollovers, hardships, loans, etc.), vesting and forfeitures, as well as the different forms of payment (lump sum, annuities)
  • Recall the risk assessment of relevant assertions and the planned audit procedures of the case study
  • Select sampling and testing procedures for distributions (including vesting and forfeitures), participant loans, and hardships utilizing examples from the fundamental track case study


SESSION SPEAKER(S)

CPA
Principal | Windham Brannon, P.C.
CPA
Shareholder | Clark Schaefer Hackett