401k Annual Audits: Anticipating Serious and Costly Errors, Understanding the Latest SASs
Recording of a 110-minute CPE video webinar with Q&A
This course will provide employee benefits administrators, auditors, and plan sponsors with best practices to prevent serious and costly errors in preparing for 401(k) audits. The panel will explain the pitfalls that practitioners often encounter in these audits and outline changes to these audits and the accountants' report under the latest Statements of Auditing Standards (SASs).
Outline
- 401k plan audit overview and best practices
- Overview of recent Statement of Auditing Standards
- Challenges to anticipate
- Common plan operation errors
- Potential corrections under EPCRS
Benefits
The panel will address these and other key issues:
- Understanding the areas of highest risk in 401(k) audits
- Identifying and avoiding the most common mistakes in 401(k) audits
- Implementing expedient solutions to the most common 401(k) or filing mistakes after the fact
- Understanding changes made to plan audits by recent SASs
Faculty
Kristin Ryan, CPA
Director
Kelly Mann CPA
Ms. Ryan, CPA, is a Director with Kelly Mann CPA, LLC with 14 years of experience, primarily serving private company... | Read More
Ms. Ryan, CPA, is a Director with Kelly Mann CPA, LLC with 14 years of experience, primarily serving private company clients and employee benefit plans. She is a member of the Texas Society of CPA’s, AICPA EBP Audit Quality Center, and SouthWest Benefits Association. Ms. Ryan has experience with 401(k) plans, pension plans, ESOPs, 11-Ks, multiple employer, and heath and welfare plans. She regularly participates in speaking engagements on employee benefit plan and human resources related topics.
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Christopher Ciminera, CPA, QKA
Principal, Accounting & Auditing
Belfint Lyons & Shuman
Mr. Ciminera is a member of the firm’s Employee Benefit Plan niche in the accounting and auditing services... | Read More
Mr. Ciminera is a member of the firm’s Employee Benefit Plan niche in the accounting and auditing services department where he specializes in auditing employee benefit plans of for-profit, nonprofit, and governmental entities. He also specializes in Form 5500 preparation. When necessary, Mr. Ciminera helps clients navigate and prepare filings for corrections of plan errors or late filings through the DOL Voluntary Fiduciary Correction Program, IRS Voluntary Correction Program, and DOL Delinquent Filer Voluntary Compliance Program.
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Kim Moore, CPA
Director of Auditing
Summit CPA Group
Ms. Moore has led the firm’s audit division through a period of significant growth. The team currently completes... | Read More
Ms. Moore has led the firm’s audit division through a period of significant growth. The team currently completes over 100 employee benefit plan audits per year. She is also responsible for the Quality Control Program at the firm. Ms. Moore is a past Co-President of the Fort Wayne Chapter of the Institute of Internal Auditors. She is a member of the American Institute of CPA's, the Indiana CPA Society and the Institute of Internal Auditors.
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