Auditing Employee Benefit Plans Webinar

Overview: 

Looking to sharpen your knowledge of employee benefit plan accounting and improve the quality of your benefit plan audits? In this webinar, our team of experts will provide a detailed explanation of employee benefit plans, including the latest trends within the employee benefit plan industry. The course will also:

  • Review the Form 5500 and related schedules and the newest changes
  • Discuss common practitioner questions on recent audit and accounting standards which impact employee benefit plan audits
  • Provide an overview of the new retirement legislation that pertains to distributions
  • Offer guidance in regards to common operational errors in qualified retirement plans, the proper corrective action of those errors, and the impact on the audit
  • Explore the latest ERISA litigation trends and regulation changes that are shaping the landscape for benefit plans
     
Objective: 

To provide both plan sponsors and auditors with high-quality, up-to-date training on employee benefit plans. Participants will be able to determine how recent legislation impacts various EBPs and apply the newest regulations within the industry to upcoming EBP audits.

SPEAKERS:

Cory Baughman, Senior Manager, World Group LLC

Jody Hillenbrand, Assurance National Technical Principal, BDO

Anastasia Romeo, CPA, Senior Manager, Withum Whippany

Jennafer Tryck, Associate Attorney, Gibson Dunn

 

Emphasis: 
  • Form 5500 Schedules
  • Effective Auditing Standards
  • SAS 145 – Risk Assessment
  • Distributions
    – New emergency expense distributions
    – Emergency savings accounts
    – Disaster recovery
    – Long-term care premiums
    – Changes in required minimum distribution rules, corrections, and applicability
  • Impact of the SECURE 2.0 Act on Qualified Retirement Plans
  • Defined Benefit Plans
    – Basic types of plans
    – Auditing
    – Testing the benefit obligation
    – Reporting
    – Terminating plans
  • ERISA Litigation Trends
    – Fiduciary breach litigation
    – Actuarial assumptions
    – Prohibited transaction clause litigation
    – How courts are ruling on arbitration clauses
    – Department of Labor's ESG rulemaking
  • 403(b), 401(k), and Health & Welfare Plans
  • Common Operational Mistakes & Impacts to Plan Audits
Bottom
Prerequisite: 

Basic knowledge of auditing and financial accounting.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Intermediate.

CPE Credit: 
8.00
NASBA Field of Study: 
Auditing