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Another step that is included in the testing phase towards pension plan audits is the participant accounting testing or the defined contribution plans. The major objective of this step is to corroborate regarding the participant’s account and making sure that it is being allocated with the proper amount of revenue as well as expenses. According to the plan document, the hired auditor should be able to trace on the contributions that was made on behalf of the participant that may be coming either from the employer contributions or from the participant’s contribution itself. There is a need for the auditor to determine that these contributions have been already deposited as soon as possible right after the pay day.