Advanced Audits of 401(k) Plans: Best Practices and Current Developments

Dec 13
8:00 - 4:00 p.m.

Penn State Great Valley - Main Bldg
Malvern - Map

8-A&A
CPE Credits

Examine the most common compliance issues encountered in 401(k) plan audits, what to monitor, and what can be done to ensure compliance. Explain the documentation and procedures related to mergers and acquisitions. Discuss best practices associated with advanced audit areas, including participant loans, payroll, compensation, and investments.
Highlights

Annual update of changes affecting 401(k) plans
Compliance issues associated with eligibility and enrollments, remittances, lack of oversight, compensation, and vesting
Best practices for engagement planning, internal controls, risk assessment, and detailed testing
Common audit reporting and disclosure issues
AICPA’s proposed SAS on auditing employee benefit plans

Registration

PICPA Member: $285
Nonmember: $385

More Information

Course No. 757800 Level: Advanced

Prerequisites: Understanding of defined contribution plan audits

Notes
This program is designed for experienced practitioners responsible for planning and performing employee benefit plan audit engagements.

Masks Required
Penn State requires all individuals, regardless of their vaccination status, to wear face masks while inside all campus buildings. Read more about Penn State's event policies.

Speaker(s)

Daryl Krause

Daryl G. Krause, CPA

Mr. Krause has CPA certifications in several Midwestern states. He practices public accounting as manager and CEO of his regional CPA firm, DG Krause LLC, headquartered in Indianapolis, Indiana. Founded by Daryl in 2005, DG Krause LLC is a member of the AICPA’s Employee Benefit Plan Audit Quality Center and performs employee benefit plan audit services for which Daryl serves as the sign-off partner.

Since 2008, Daryl has led more than 300 CPE programs for the AICPA, Surgent, the Ohio Society of CPAs, Indiana CPA Society, and other state societies, as well as in-house programs sponsored by firms and organizations. He has led programs in 35 states and the District of Columbia for the AICPA alone. He was a speaker and developed content for a session at the AICPA’s National Employee Benefit Plans Conference in May 2017. He has performed technical reviews during the development of certain AICPA CPE programs, with current projects in progress including updating the content of the Leases: Mastering the New FASB Requirements and The Bottom Line on the New Lease Accounting Requirements programs for 2018. He is the Content Matter Expert for AICPA’s Accounting Trends & Techniques Employee Benefit Plans – Best Practices in Presentation and Disclosure – Sixth Edition (2016), and author of two 2017 employee benefit plan-related DG Krause LLC CPE programs offered by the Indiana CPA Society.

Previously he enjoyed 23 years of diversified responsibilities with Ernst & Young. Industries he served included manufacturing, construction, real estate, and financial services. Roles included Ohio Valley Area Director of Employee Benefit Plan Services; Senior Manager in the Entrepreneurial Services group; and Senior Manager in National Professional Development group, which involved designing, developing and delivering core curriculum Audit and Entrepreneurial Services training programs for the entire U.S. practice.

Mr. Krause holds a Bachelors of Business Administration in Accounting from the University of Wisconsin-Oshkosh.

2/2018