Employee Benefit Plans (EBPs) present challenges to the CPA firms engaged to audit them. In addition to the dissimilarity they pose from the corporate audit, CPA firms performing EBP audits are subject to the scrutiny of the Department of Labor (DOL).
The Employee Benefit Plan Audit Conference equips CPAs in public practice with guidance on how to perform a quality audit of an EBP.
The conference offers two tracks – Basic and Intermediate/Advanced – each dealing with issues that impact EBPs.
The DOL notes they find the highest audit quality deficiency rates in firms performing less than 100 EBP audits. Come learn about the many specialized compliance requirements and audit and accounting rules that affect EBPs to better equip your firm for performing quality audits. Also, receive updates on EBP legislative and regulatory issues, including current developments at the DOL.
*If you choose to attend the simulcast, please note that only certain sessions will be offered in this format.* Those sessions are indicated by the * in the agenda below (intermediate/advanced track).
If you’re interested in sponsoring this event, please contact Amy Puente at firstname.lastname@example.org.
Speaker: Marcus Aron, CPA, Senior Auditor at U.S. Department of Labor
Speakers: Marilee Lau, CPA, MBA, Employee Benefit Plan Accounting and Auditing Consultant and Marcus Aron, CPA, Senior Auditor at U.S. Department of Labor
Speakers: Jen Amato, CPA, Audit Director at SC&H Group and Adam Meehan, JD, LL.M., Employee Benefits and Executive Compensation Attorney at Smith & Downey, P.A.
In order to adequately audit a plan, an auditor must be knowledgeable of how a plan has been designed, provisions included in the plan and how to identify and correct any errors in administration. This session will address types of plan design, definition of compensation, governance processes, and correction programs.
Speakers: Jennifer Downs, CPA, 401(k) and 403(b) Audit Specialist at Benefit Audit Group, LLC & Conference Committee Chair and Marcus Aron, CPA, Senior Auditor at U.S. Department of Labor
Speaker: Marilee Lau, CPA, MBA, Employee Benefit Plan Accounting and Auditing Consultant
401(k) plans make up approximately 74% of all plan types, so audits of these plans tend to get all the attention. Auditing defined benefit plans, multiemployer plans, employee stock ownership plans and health and welfare plans adds a level of complexity to any EBP practice. This session will cover some of the audit areas unique to these plan types and the challenges they present.
Speakers: Kate Petrillo, CPA, Partner at Aronson LLC and Mark Buckberg, CPA, CFE, CFF, Partner at WithumSmith+Brown
Speakers: Josh Zimmerman, CPA, Audit Manager at HCF&L and Olga Meadowcroft, CPA, Senior Director at RSM US LLP
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