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

Oct 9
9:00 - 5:00 p.m.

Online

8-A&A
CPE Credits

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 (EBPs), effective, it is now the time to get up to speed on all the guidance that 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 what's 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.

Highlights

Annual update of the changes affecting 401(k) plans
Compliance issues associated with eligibility and enrollments, remittances, lack of oversight, compensation, vesting, etc.
Best practices for engagement planning, internal controls, risk assessment, and detailed testing
How to avoid common mistakes made while performing audit procedures
Plan mergers and acquisitions
Common audit reporting and disclosure issues
The new audit standard for employee benefit plans

Registration

PICPA Member: $299
Nonmember: $409

More Information

Course No. AAFP-2023-01-WEBNR-282-01 Level: Advanced

Prerequisites: Basic understanding of auditing defined contribution plans

Notes
This webinar is hosted by PICPA's partner, Surgent CPE. After registering, you will receive an email from Surgent CPE with the log-in information.

Speaker(s)

Melissa Critcher

Melissa G. Critcher, CPA

Melissa is a member of both the American Institute of Certified Public Accountants (AICPA) and the North Carolina Association of Certified Public Accountants (NCACPA). She has served in various roles with the NCACPA including member of the Board of Directors, committee member for the Accounting and Attestation Committee, as well as local chapter positions.

Melissa’s background in accounting includes more than 15 years experience in public accounting specializing in auditing defined contribution and defined benefit employee benefit plans as well as manufacturing, distribution, and professional service organizations. Her public accounting experience includes a position as a senior audit manager with Greer & Walker, LLP in Charlotte, North Carolina, a manager at a regional firm in Raleigh, North Carolina prior to re-locating to Charlotte. Melissa also worked with a local firm in Winston-Salem. During her career, Melissa has been responsible for managing the employee benefit plan niche, marketing and business development, and conducting in-house training seminars. Since 2002 Melissa has led discussion seminars on the AICPA’s Audits of 401(k) Plans for the NCACPA. Additional seminars include Audit Documentation and Review, Employee Benefit Plan Audits, and Small Business Audits. Ms. Critcher received the AICPA Outstanding Instructor Award in 2011, 2012, and 2013.

Phone: 215-496-9272

Webinar Hotline: 267-705-4450

Email: info@picpa.org

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