Surgent's Annual Update for Defined Contribution Plans
Overview
This course will provide a general understanding of the new reporting and disclosure requirements for employee benefit plans under the now effective SAS 136, the AICPA’s new employee benefit plan auditing standard. Participants will be provided with an insight into the common errors and mistakes made by auditors and plan administrators, as well as the new requirements of both groups under the new SAS. The course will discuss the results from the Department of Labor’s (“DOL”) Criminal Enforcement initiative and audit quality study, and focus on the causes of the recent increase in the number of deficient engagements identified by the peer review process. This course will provide auditors and plan administrators with up-to-date information regarding defined contribution plans auditing, reporting and disclosure requirements, including those related to the new ERISA Section 103(A)(3)(c) audits under SAS 136.
Delivery Method: Individual webcast
CPE Credit: Accounting, Auditing
Program Level: Intermediate
This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.
Highlights
- Common risks and pitfalls associated with defined contribution plans
- Nuances of the fair value disclosures
- New reporting and disclosure requirements for the current year
- Results of DOL Audit Quality Study
Prerequisites
Basic understanding of defined contribution and defined benefit plans
Designed For
Auditors and Plan administrators of Defined Contribution Plans
Objectives
- Prepare for the current year’s audit
- Gain a general understanding of the current and prospective reporting and disclosure requirements for employee benefit plans
- Identify common errors and mistakes made by auditors and plan administrators
Preparation
None
Leader(s):
Leader Bios
Melissa Critcher, AICPA
Melissa Critcher, CPA, is a member of both the American Institute of CPAs (AICPA) and the North Carolina Association of CPAs (NCACPA). She has served in various roles with the NCACPA including as a member of the Board of Directors, committee member for the Accounting and Attestation Committee as well as local chapter positions. Melissa’s background includes more than 15 years of experience in public accounting specializing in auditing defined contribution and defined benefit employee benefit plans as well as manufacturing, distribution and professional service organizations. Her public accounting experience includes a position as a senior audit manager with Greer & Walker, LLP in Charlotte, N.C., a manager at a regional firm in Raleigh, N.C. prior to relocating to Charlotte. Melissa has also worked with a local firm in Winston-Salem. During her career, she has been responsible for managing the employee benefit plan niche, marketing and business development and conducting in-house training seminars. Since 2002 Melissa has led discussion seminars on the AICPA’s “Audits of 401(k) Plans” for the NCACPA. Additional seminars include “Audit Documentation and Review,” “Employee Benefit Plan Audits,” “Small Business Audits” and others.
Non-Member Price $104.00
Member Price $99.00