Don't miss the latest updates from the Department of Labor regarding audit quality issues, the corrections program and a DOL investigation.
BENEFITS
Earn 4 CPE credits in Accounting and Auditing.
HIGHLIGHTS
AGENDA
8:00-8:10am
Welcome and Introductions
8:10-9:25am
A&A EBP Update
Michelle E. Gasiorowski, CPA - Bowman & Company LLP
This session will cover:
- When is a pension (defined contribution or defined benefit plan) required to have an audit
- Definition of participant – driving factor of whether a plan is required to have an audit
- What to expect if the decision is made to engage an auditor
- Utilizing the plans custodian or third party administrator
9:25-10:20am
DOL Corrections Programs and a Walk Through a DOL Investigation
Lisa S. Scimeca - Philadelphia Regional Office,
Employee Benefits Security Administration
Learn about the types of prohibited transactions that are eligible for the VFC program and the process for filing a successful application. Then walk though a DOL investigation of retirement and health plans.
10:20-10:35am
Break
10:35-11:30am
Audit Quality Issues: What DOL Regulators Expect Auditors to Do
Lynne McMennamin - US Department of Labor
Hear an overview on the two enforcement programs: Division of Reporting Compliance and Division of Accounting Services focusing on the 5500 filing. Then hear about common deficiencies in audit of plans and best practices in these areas of deficiencies.
11:30-11:45am
Q&A - Ask the Experts
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PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
Early birds save $10 - late fee applied after 4/26. Season Pass holders must register for each event.