Working with TPAs/Electronic Auditing

As technology expands and changes occur each year, plan auditors need to understand: how the transaction cycle is authorized by the employer; the impact of a SOC1 report; understand the service provider’s audit package; and be able to identify best practices in working with TPAs/record keepers/investment custodians/trustees. Highlights include:

• Understanding the electronic authorization process
• Ways to obtain information that does not seem readily available
• Applying best practices in the review of your processes and procedures when dealing with the paperless/electronic
• environment