Employee benefit plan (EBP) audit engagements continue to be scrutinized by regulators and peer reviewers due to a 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.
- 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
- 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
Randy Dummer joined HHM in 2011 as a quality control partner in the Accounting and Assurance Department. He leads the firm in many initiatives including the peer review practice and employee benefit plan audit niche, in addition to providing technical reviews for clients in multiple industries such as auto dealerships, nonprofits, construction and manufacturing.
He is a nationally recognized employee benefit plan audit specialist and leads discussions for the American Institute of CPAs (AICPA) in this area. His skills as a discussion leader have deemed him an eight-time winner of the AICPA Outstanding Discussion Leader Award. His teaching pursuits include instructing the Audits of 401(k) plans webcast since 2014 and teaching various employee benefit plan audit courses since 2006.
As the review captain for approximately 20 peer reviews each year, he helps other CPA firms raise the bar of quality for accounting, auditing, and attestation services. He has been on the peer review committee of the Tennessee Society of Certified Public Accountants (TSCPA) for five years. In addition, he is an approved Employee Retirement Income Security Act (ERISA) audit specialist for the AICPA enhanced oversight project.
Prior to his time at HHM, Randy spent 24 years (including seven years as a Partner) with Baker Tilly Virchow Krause, LLP (Baker Tilly), a regional CPA firm based in Wisconsin. He served as the firm-wide leader of their employee benefit plan audit practice, encompassing approximately 700 engagements over eight offices. He also served as the engagement partner for audits of nonprofit organizations, automotive dealerships and other commercial and retail businesses.
EDUCATION • University of Wisconsin at La Crosse, Bachelor of Science, • Accountancy – Graduated with Highest Honors
PROFESSIONAL & OUTSIDE AFFILIATIONS • American Institute of Certified Public Accountants (AICPA) • Tennessee Society of Certified Public Accountants (TSCPA) • TSCPA Peer Review Committee • Habitat for Humanity of Greater Chattanooga, Treasurer • Chattanooga Chamber of Commerce Small Business Awards Committee • Central High School Band Boosters Board, 2014-2017 • Board Member for 2 Wisconsin nonprofit organizations, 2005–2011 • Leadership Fox Cities (Appleton, WI), Class of 2003–2004
AWARDS • AICPA Outstanding Discussion Leader, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2016 (top 20 of 250 speakers)
AREAS OF CONCENTRATION • Nonprofit & Governmental • Employee Benefit Plans • Accounting & Assurance • Peer Reviews
SPECIALTIES • Employee Benefit Plans • Peer Reviews • Nonprofit • Retirement Plans