Due to the structure of benefit plans, errors often may occur. We will identify many typical errors noted in employee benefit plans and also discuss ways these can be corrected through various approved methods. We will also identify various ways to communicate these errors to those charged with governance and the implications of the errors on the audit.
Identify common corrections and the auditor’s responsibility/impact/reporting requirements.
Identify plan corrections and its impact on Plan F/S - For Advanced Auditors.