The Basic Audit Workshop walks through the required audit procedures for CPAs who are newer to auditing EBPs. There will be an update from the Department of Labor and a critical session on the new auditing standards.
Speakers: Jennifer Downs, CPA, President, Benefit Audit Group, and Jeanette Stillwagner, CPA, Signing Director, CLA
8:00 - 8:15 a.m. - Intros
8:15 - 8:50 a.m. - Theory
8:50-9:15 a.m. - Trial Balances/Grouping/Materiality
9:15 - 9:45 a.m. Selection Methodology
9:45 - 10:00 a.m. - Break
10:00 - 10:35 a.m. - Contributions
10:35- 11:00 a.m. - Loans
11:00 - 11:35 a.m. - Withdrawals
11:35 a.m. - 12:20 p.m. - LUNCH
12:20 -2:00 p.m. - Participant Testing
2:00 - 2:15 p.m. - Break
2:15 - 2:25 p.m. - Discrimination Testing
2:25 - 2:40 p.m. - Expenses
2:40 -3:00 p.m. - Investments
3:00-3:25 p.m. - Financial Statements
3:25 - 4:00 p.m. - Conclusion
