As we saw from the recent United States Department of Labor review of employee benefit plan audits and recent peer review results, auditors need to...
12/7/2022 8:00am - 4:00pm | Online | Surgent
CPE Categories: Auditing (8 CPE)
Interest Areas: Accounting and Auditing, Employee Benefits
As we saw from the recent United States Department of Labor review of employee benefit plan audits and recent peer review results, auditors need to raise their game in order to provide the quality audits that plan stakeholders demand. Now with SAS 136, the AICPA’s new audit standard for employee benefit plans (EBP), effective, it is now the time to get up to speed on all the guidance which you will need to perform your EBP audits for this year end. In this advanced course, we will discuss both what’s the same, and different, under SAS 136, including both auditor’s and plan sponsor’s responsibilities when electing and performing an ERISA Section 103 (A)(3)(c) audit. We will also discuss laws and regulations such as ERISA which are unique to employee benefit plans and provide practical guidance on their application, focusing on the most common compliance issues identified in 401(k) audits from both Department of Labor and peer reviews, along with recommended corrections. Auditors will identify best practices in implementing SAS 136 and auditing such areas as payroll and compensation, participant loans, hardship distributions, investments, plan mergers/acquisitions, etc. This is the course to take to help you improve the quality of your 401(k) benefit plan audits.
Presented by Melissa Critcher, CPA, PC
Experienced practitioners responsible for planning and performing employee benefit plan audit engagements
Detailed understanding of auditing defined contribution plans
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