The Employee Benefit Plan Audit Conference equips CPAs who audit Employee Benefit Plans (EBPs) with guidance on planning and performing more efficient and effective audits in accordance with the AICPA Audit and Accounting Guide and Department of Labor audit requirements.
This replay features the following sessions:
Maximize your Clarity – Pooled Employer Plans
Speakers: Michele Chalmers, CPA, Benefit Services Group & Rachel Mahmood, CPA, CLA
The objectives of this session will be the following:
Secure 2.0
Speaker: Brandon Long, McAfee & Taft
This session will discuss the SECURE 2.0 provisions newly effective in 2024 and 2025, including how the provisions will affect audits and audit testing, what is required v. what is optional, and how provisions are being implemented by recordkeepers. The session will additionally cover risks and considerations for plan sponsors.
Improving Benefit Plan Audit Quality: Lessons from Peer Reviews
Speaker: Mike Manspeaker, CPA, SEK, CPAs & Advisors
Benefit plan audits come with unique challenges, and peer reviews often uncover common pitfalls that firms must address. This session will look at the most frequent peer review findings in employee benefit plan audits and offer practical strategies to help you avoid them. Attendees will gain insights into best practices, documentation improvements, and compliance considerations to enhance audit quality and minimize deficiencies. Whether you're preparing for a peer review or looking to strengthen your audit approach, this session will equip you with the knowledge to stay ahead of common issues.
Correction Procedures for Operational Errors
Speakers: Patrick Blanchard & Emily Milligan, Alvarez & Marsal Tax, LLC
Even diligent plan sponsors may periodically face operational errors in their retirement plans, and timely correction of these errors is imperative to maintain compliance with IRS and DOL rules. Join us to discuss the programs available for correcting through the IRS and DOL and general principles for correcting the most common issues identified during audits. We will also highlight some recent updates and developments, including the DOL’s brand new self-correction program.
