Employee Benefit Plan Best Practices
Online
2.00 Credits
Member Price $89.00
Non-Member Price $124.00
Overview
Employee benefit plan audits present unique compliance and audit considerations that require auditors to remain alert to both recurring issues and evolving requirements. This course addresses current standards and developments affecting employee benefit plan audits while focusing on practical considerations encountered during EBP engagements. Participants will review common compliance issues identified in 401(k) plan audits and considerations related to correcting those issues. The course also covers best practices for audit areas such as participant data, payroll and compensation, contributions and remittances, participant loans, hardship distributions, investments, distributions, investment income allocations, and plan mergers and acquisitions. The program is designed for auditors of employee benefit plans who have basic knowledge of EBP audits and want to review best practices, common compliance issues, and considerations that arise during EBP audit engagements.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Objectives
After attending this presentation, you will be able to...
- Identify best practices for audit procedures in key employee benefit plan audit areas.
- Recognize common compliance issues encountered in 401(k) plan audits and appropriate correction considerations.
Highlights
The major topics that will be covered in this course include:
- Current standards and developments affecting employee benefit plan audits
- Compliance considerations in employee benefit plan engagements
- Common compliance issues identified in 401(k) plan audits
- Correction of 401(k) plan compliance issues
- Participant data
- Payroll and compensation
- Contributions and remittances
- Participant loans
- Hardship distributions
- Plan investments
- Participant distributions
- Investment income allocations
- Plan mergers and acquisitions
- Audit best practices for employee benefit plans
Designed For
Auditors of employee benefit plans who have basic knowledge of EBP audits and want to review best practices, common compliance issues, and considerations that arise during EBP audit engagements
Prerequisites
Basic knowledge of EBP audits
Preparation
None
Notice
You will receive an email from CPA Crossings via Webex with instructions to access the webinar.
Leader(s):
Leader Bios
Melissa Critcher, CPA
Melissa G. Critcher attended Appalachian State University where she received a B.S. in accounting. Throughout the course of her career, she has had the opportunity to work with small and large, local and regional firms across North Carolina. Currently, Melissa has her own practice in Charlotte, North Carolina. She has extensive experience in auditing and accounting, which includes manufacturing, professional service, health care, and retail industries with a specialization in employee benefit plans. Currently, her practice concentrates on auditing employee benefit plans and consulting with CPA firms and plan sponsors. Melissa’s experience has led to various opportunities, which include teaching numerous continuing professional education courses for the AICPA, the NCACPA, Surgent, and CPA firms, as well as for public and privately held entities. She has been repeatedly recognized as an outstanding discussion leader by the AICPA and NCACPA. Melissa has also authored several different courses for the AICPA, Surgent, and others on topics such as employee benefit plans, internal controls, and compilation and review engagements. Throughout the course of her career, she has served in various roles with both the NCACPA and AICPA. These positions include serving as a member of the NCACPA Board of Directors and as a committee member for the NCACPA Accounting and Attestation Committee, as well as holding local chapter positions for the NCACPA. For the past seven years, Melissa has also served as a volunteer on the AICPA Enforcement Committee for Employee Benefit Plans, which is responsible for evaluating referrals from the Department of Labor for deficient audits and makes recommendations for disciplinary actions.
Non-Member Price $124.00
Member Price $89.00