Quizzer Page for: The Forensic Accountant - The Audit of Retirement Plans

Answer the following questions about the lecture...don't forget to submit them using the button at the bottom when you finish...we will grade your answers and e-mail you a digitally signed certificate of completion...

Answer the next 10 questions in the boxes provided
1.  Briefly distinguish between defined benefit plans and defined contribution  retirement plans.


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2.  What factors make the setup and administration of any pension plan so complex?
 
3.  Name several of the broad objectives of ERISA.

 
4. Name the three regulatory agencies under ERISA. 
 
 

5.  Describe several of the activities involved in maintaining a pension plan.
6. What is a stock ownership pension plan? How does it work?



 7. Name two supplemental objectives of any well run pension plan.
8.  What role do internal control pension accounting surveys play in the audit of pension plans?
9.  Name several auditing procedures employed in the audit of pension plans.
10.  What is the importance of strategic planning in the development of a long term pension planning strategy?
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