Audits of Employee Benefit Plans Conference
Overview
Tackle employee benefit plans with confidence at the Audits of Employee Benefit Plans Conference. Dive into case studies on audit pitfalls to avoid common mistakes and apply practical solutions. Gain a deeper understanding of ESOPs and how they differ from typical 401(k) audits. Learn about the various types of audits and identify the tripping points to navigate challenges effectively.
Highlights
Please see the agenda tab above for Conference schedule.
Designed For
CPAs, auditors, financial professionals, and employee benefit plan administrators looking to enhance their expertise in auditing employee benefit plans and staying compliant with evolving regulations.
Notice
All materials will be available to download in advance and participants will receive an email two days prior to the course date. Materials will also be posted in the “My CPE” section of the NESCPA website.
Monday, May 19
General Session
- Department of Labor Update
The Department of Labor has been invited to speak for the Audits of Employee Benefit Plans Conference as they have been for the past several years. Due to extenuating circumstances their participation this year is tentative. We may have a back-up presentation in lieu of the Department of Labor.
This session is available to registrants only.
General Session
- Audit Pitfalls: Experiences from the Field
Audit challenges are inevitable — but learning from real-world cases can help auditors navigate them more effectively. Unpack key lessons from recent standard implementations and common employee benefit plan audit pitfalls. Through a case study approach, gain valuable insights into how to identify, respond to and mitigate these challenges while ensuring compliance with professional standards.
Speakers: Alicia Schmidt, CPA and Debbie Smith
This session is available to registrants only.
General Session
- Plan Documentation and Retention Policies
Proper documentation is the foundation of retirement plan administration and audits. Explore the types of plan documents auditors commonly encounter, the records plan sponsors should maintain and best practices for retention. Stay ahead of evolving regulations with an update on SECURE 2.0 and the DOL’s Voluntary Fiduciary Correction Program. Gain the knowledge needed to ensure compliance and improve audit efficiency.
Speaker: Debra Linder, JD/MA, CPA
This session is available to registrants only.
General Session
- Navigating SOC 1 Reports: A Guide for Employee Benefit Plan Audits
SOC 1 reports play a crucial role in employee benefit plan audits, but how should auditors use them effectively? This session provides a deep dive into SOC 1 reports, their key components, and how they differ from SOC 2 reports. Learn how to assess subservice organizations, identify critical service providers, and address exceptions and report qualifications. Elevate your audit approach with a stronger grasp of SOC 1 reports and their impact.
Speaker: Rachel Rafik
This session is available to registrants only.
General Session
- Unique Considerations for Auditing DB Plans and ESOPs
Defined benefit plans and employee stock ownership plans come with distinct audit challenges. Examine the complexities that set these audits apart from traditional 401(k) plan audits. Explore the heightened risks, the role of specialists and the specific reporting requirements unique to these plans. Gain a clearer understanding of best practices to navigate these high-risk audits with confidence.
Speaker: Marjorie Heap, CPA
This session is available to registrants only.
General Session
- Panel Discussion: Ask the Experts
Experts share their insights on the latest developments, common pitfalls and best practices in auditing employee benefit plans. Gain practical strategies for addressing regulatory updates, improving audit quality and mitigating risk. Whether you’re an experienced auditor or new to the field, gain valuable perspectives to help you stay ahead in an ever-changing landscape.
Speakers: Marjorie Heap, CPA; Rachel Rafik; Alicia Schmidt, CPA
This session is available to registrants only.
Non-Member Price $549.00
Member Price $449.00