Audits of Employee Benefit Plans Subject to ERISA

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  • Date/Time
    • Jun 23, 2021
    • Sign In: 7:45am (MT)
    • Program: 8:00am - 3:30pm (MT)
    • Add to Calendar
  • Location
    • Your Computer
      Your Space
      ISCPA Webinar, ID 00000
  • Credits
    • 8.00
  • Credit Type(s)
    • Accounting (2.00)
    • Auditing (6.00)
  • Prerequisites
      • None
  • Vendor
    • *** ISCPA ***
  • Level
    • Beginning
  • Fields of Study
    • Accounting & Auditing
    • Accounting
    • Auditing
  • Message
    • Webinar - Viewing From Computer

Description

NEW SEMINAR

Employee benefit plan (EBP) audit engagements continue to be scrutinized by regulators and peer reviewers due to history of noncompliance with applicable professional standards. Auditors require proper skills to perform EBP engagements effectively. You will work through the plan audit process from client acceptance/continuance through engagement archive. As the most common type of plans audited, you will take a deep dive into defined contribution plans to comply with professional standards, ERISA and SEC requirements. You will also obtain an awareness of additional considerations when auditing defined benefit pension plans and health and welfare benefit plans. Tap into ways to plan and conduct effective risk-based plan audits to comply with professional standards while maximizing efficiency.

Designed For

  • Auditors of employee benefit plans, practitioners considering the addition of EBP audits as a service offering
  • Accountants in business and industry, responsible for company benefits

Objectives

  • Recognize the auditing requirements for EBP audits to comply with applicable professional standards and regulator expectations.
  • Identify accounting requirements unique to employee benefit plans
  • Identify efficient ways to plan and conduct an effective risk-based EBP audit.
  • Recognize new auditing, accounting and regulatory developments impacting EBP audits.
  • Highlights

  • Background of ERISA plan audits
  • GAAP vs. ERISA reporting requirements
  • Audit planning and pre-engagement activities
  • Risk assessment, including consideration of internal control
  • Auditing the statement of net assets available for benefits
  • Auditing the statement of changes in net assets available for benefits
  • Other auditing considerations, including prohibited transactions and tax compliance
  • The auditor’s report
  • Financial statement disclosures
  • Supplemental schedules
  • Advanced Prep

    • Download PDF manual - view your upcoming events in "My CPE" on website
    • Test your computer/device for compatibility with virtual meeting space well in advance of your webinar

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    Leaders

    Jack Georger

    Jack

    John "Jack" Georger, CPA, CIA PUN GROUP, LLP / Las Vegas, NV

    Mr. Georger has served a broad base of clients including port authorities, higher education institutions, community service organizations, foundations, counties, school districts, cities, and employee retirement systems. In addition, the commercial clients he has served include construction, real estate, aerospace, research and development, agricultural and professional service firms. Jack has also consulted on numerous budgets, rate and cost studies for municipal authorities as well as the design and implementation of internal control systems for various entities.

    Jack is licensed to practice as certified public accountant (CPA) in the states of California, New York, Virginia, Maryland, District of Columbia, South Carolina, Nevada, Connecticut (inactive),Wyoming(inactive), Georgia (inactive) and is a Certified Internal Auditor (CIA). He is a member of the American Institute of Certified Public Accountants, Institute of Internal Auditors, California Society of Certified Public Accountants (CSCPA), New York State Society of Certified Public Accountants, Nevada Society of CPAS, Government Finance Officers Association,. Jack currently serves on the Auditing Standards and Rules Committee, the Not-For-Profit Committee and the Financial Accounting Standard Committee of the NYSSCPA. He is also on the Government Accounting and Auditing Committees of both the NYSSCPA and CSCPA. Jack has been a member of the GFOA Special Review Committee for the Certificate of Achievement for Financial Reporting since 1990.

    Jack has had the opportunity during his career to audit publicly traded companies, of both accelerated filers under PCAOB Auditing Standards and non accelerated filers, major cities and counties in the United States, colleges and universities, and some of the largest not-for-profit organizations in the United States.

    Jack graduated from George Mason University with a degree in Business Administration, he first became a CPA in the state of Connecticut in 1981. He was in private practice in New York, where his firm provided auditing, accounting and tax services to various local governments, not-for-profit organizations, small businesses and individuals for over twenty years. Since selling his practice in 2001, Jack has been an Audit Senior Manager with KPMG, LLP and Pricewaterhouse Coopers, LLP, a partner in a regional firm in Los Angeles, Audit Director with McGladrey and Pullen, LLP and is currently a partner with the Pun Group, LLP 2013

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