Employee Benefit Plan Audit Peer Reviews

Preparing for Risk Assessment, Control Document Inspection, and Other Peer Reviewer Concerns

A live 110-minute CPE webinar with interactive Q&A


Wednesday, June 21, 2017
1:00pm-2:50pm EDT, 10:00am-11:50am PDT

Early Registration Discount Deadline, Friday, May 26, 2017


This webinar will prepare audit advisers to identify issues that frequently arise in employee benefit plan audit peer reviews and offer best practices to address potential problems and to work with reviewers.

Description

Firms that audit employee benefit plans must give careful attention to peer review preparation and anticipate the reviewer’s concerns about handling of participant data, investments, fees, contributions and other aspects of the plan. The plan audit group’s reputation is at stake during these reviews.

Peer reviewers routinely find substandard risk assessment procedures, failures to properly document the procedures performed, failures to test investment transactions and timely remittance of employee contributions; as well as other problems in reviewing benefit plan audits. Plan audit groups often struggle to provide acceptable documentation of internal controls.

Experiences from veteran employee benefit plan advisers and auditors will help your firm evaluate the effectiveness of its peer review preparation and proactively address noncompliance issues that commonly arise during the inspection.

Listen as our panel of seasoned accounting professionals offers best practices for your firm to prepare for its next employee benefits plan audit peer review.

Outline

  1. Preparing for the peer review
    1. DOL emphasis on deficiencies
    2. Unique reporting requirements
    3. How to structure the peer review
  2. Issues with documentation
    1. Written audit programs
    2. System of quality controls
    3. Inspection requirements and considerations
  3. Areas of common errors and deficiencies
    1. Common pitfalls with defined contribution plans
    2. Common pitfalls with defined benefit plans
  4. Approach to the review team

Benefits

The panel will explore these and other critical topics:

  • Standards and guidance to be followed: General AICPA peer review standards and specific checklists, interpretations and alerts
  • Common audit deficiencies: Areas being targeted in participant data, investments, contributions, plan obligations and elsewhere
  • Documentation mandates: Acceptable written audit programs and internal control documentation
  • Proactive measures: Logical steps to take now to handle potential noncompliance before the next peer review

Learning Objectives

You will be able to:

  • Recognize Department of Labor key deficiencies found in benefit plan peer reviews
  • Identify documentation errors and inspection requirements
  • Ascertain common problems with defined contribution plans
  • Determine common problems with defined benefit plans

Faculty

Jessie T. Kanter, CPA, Director of Quality Assurance
BlumShapiro, Providence, R.I.

Ms. Kanter has more than 10 years of accounting experience, including audit and review services for privately held companies in various industries.

Susan J. Peirce, CPA, MTax, Principal
Apple Growth Partners, Akron, Ohio

Ms. Peirce leads the firm’s employee benefits audit and specialty services team. In addition to her audit work, she provides consulting services to business owners and professionals on tax and accounting strategies, with a special emphasis on benefit plan services. Her expertise includes a focus on qualified retirement plans and related design, compliance, non-discrimination testing, distribution and reporting issues.


Registration per Person for Live Event

Additional lines for this conference can be purchased at 25% off. For orders of five or more lines, further discounts will apply and will be automatically reflected in the cart.

Live Webinar $97.00

Includes Early Discount Savings of $50.00 (through 05/26/17)

Live Webinar & CPE Processing $132.00

Includes Live Webinar Early Discount Savings of $50.00 (through 05/26/17)


CPE per Person on Live Event

Continuing Professional Education credit processing is available for an additional fee. CPE processing must be ordered prior to the event. To qualify for CPE you may not listen via the telephone.

This program is eligible for 2.0 CPE credits.

  • Field of Study: Auditing.
  • Level of Knowledge: Intermediate.
  • Advance Preparation: None.
  • Teaching Method: Seminar/Lecture.
  • Delivery Method: Group-Internet (via computer).
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of verification codes announced throughout the presentation.
  • Prerequisite: Three years+ business or public firm experience at mid-level within the organization, preparing complex tax forms and schedules; supervisory authority over other preparers/accountants. Specific knowledge and understanding of Employee Benefit Plan Audit risk assessment and Peer Reviews

NOTE: CPE credit processing for all attendees must be ordered by 2pm Eastern the day of the program to receive a Certificate of Attendance within 24 hours.


Recordings

Recorded Event

Includes full event recording plus handouts (available after live webinar).

Note: Self-study CPE and EA credits are not offered on recorded events.

Recorded Webinar Download $97.00
Available 48 hours after the live event

Includes Early Discount Savings of $50.00 (through 05/26/17)

How does this work?

Recorded Audio Download (MP3) $97.00
Available 24 hours after the live event

Includes Early Discount Savings of $50.00 (through 05/26/17)

How does this work?

DVD (Slide Presentation with Audio) $97.00 plus $9.45 S&H
Available ten business days after the live event

Includes Early Discount Savings of $50.00 (through 05/26/17)

How does this work?


Registration Plus Recorded Event

Best value!

Live Webinar & Webinar Download $144.00

Includes Special Savings of $150.00 (through 05/26/17)

Live Webinar & Audio Download $144.00

Includes Special Savings of $150.00 (through 05/26/17)

Live Webinar & DVD $144.00 plus $9.45 S&H

Includes Special Savings of $150.00 (through 05/26/17)


NASBA CPE Sponsor

National Registry of CPE Sponsors

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Early Registration
Discount Deadline
May 26, 2017
(about 2 hours)

or call 1-800-926-7926

Can't Attend the Live Program?

CPE Credit

Strafford is a NASBA CPE sponsor and our live webinars qualify for CPE credits. They offer you a high quality, cost effective, and convenient CPE option, with no lost travel time or expenses.

or call 1-800-926-7926

Customer Reviews

The conference was technical, informative and presented at a good pace.

Krystal Ching

KMH

I liked the fact that there was more than one person presenting the material. It's nice to hear multiple perspectives.

Matt Bristow

Cover & Rossiter

I purchased the conference a few minutes after it began and the customer service rep was very helpful and got me signed up and logged into the conference very quickly.

Joanna Johnston

Savas Greene & Company

I loved the tools and handouts. Every CPE class should offer these kind of tools.

Jackie Meyer

Sample and Bailey

I liked the concentration on specific issues and examples.

Edita Rimalovsky

Komisar Brady & Co.

or call 1-800-926-7926

Accounting Advisory Board

Bill Allen

Partner

Making Auditors Proficient

Alicia Dias

Audit Manager

Brown/Armstrong

Richard H. Gesseck

Partner

CohnReznick

Neil Goldenberg

Partner-In-Charge, Internal Audit & Risk Management

Eisner

Greg Goller

Partner-in-Charge, Non-Profit Tax Practice

Grant Thornton

Lynford Graham, CPA

Professor of Accounting

Bentley University

Joe Kristan

Shareholder

Roth & Co. CPAs

Steven J. Luber

Senior Manager

PricewaterhouseCoopers

Gary O'Krent

Shareholder

Bluestein O'Krent & Bluestein

Curtis Reinhart

Partner

Ernst & Young

Celia Roady

Tax Partner

Morgan Lewis

Charles (Chip) Schweiger

Partner

Whitley Penn

Chris Stanz

Principal, Non-Profit and Government Practice

LarsonAllen

Alan Strand

Principal

Strand and Associates

Danielle Thompson

Director of Business Development

Insight Accounting Group

or call 1-800-926-7926

Our Guarantee

Strafford webinars are backed by our 100% Unconditional Money-Back Guarantee: if you are not satisfied with any of our products, simply let us know and get a full refund. For more information regarding complaints and refunds, please contact us at 1-800-926-7926 ext 10. Complaints regarding this program can be submitted via the course evaluation found in the “Thank you” e-mail at the end of the course.