Audits of Employee Benefit Plans Subject to ERISA - NEW! - Webcast

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Nov 16, 2020

Registration: 7:30 AM / Program: 8:00 AM - 4:00 PM Pacific Time

Fees

Member Fee: $295.00
Nonmember Fee: $395.00

Available Discounts

AICPA Member: -30.00
Full time Accounting Educator: -147.00

Description

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, and accountants in business and industry, responsible for company benefits.

Objectives

When you complete this course you will be able to:
  • 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

Major Subjects

  • 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

Leaders

Jonathan Howell

Jonathan Howell, CPA, joined Houck Evarts & Company LLC in 2011 as partner and currently serves as the partner-in-charge at the Lake Oswego office. He was raised in Portland, Oregon and graduated from Willamette University with a Bachelor's Degree – a triple major in the German Language, International Studies and Political Science. During this time he completed a year as an exchange student, studying Economics and German at Ludwig Maximilian's University, in Munich, Germany. He later earned a Post-Baccalaureate Certificate in Accounting and a Master's Degree in Taxation from Portland State University.

Mr. Howell has extensive experience providing service to franchise restaurants, professional service companies, medical companies, mortgage companies, and serves as the partner-in-charge of the Firm's Audit and Accounting Practice, which includes audits of privately held businesses, Employee Benefits Plans, and Nonprofit organizations.

He has taught accounting courses at Portland State University from 2015 through December 2017 (ACTG 490 - Advanced Accounting (Consolidations) for 5 terms and ACTG 482 - Advanced Tax for 2 terms).

Mr. Howell is a member of the OSCPA as well as the American Institute of Certified Public Accountants (AICPA) and its Tax Division. Mr. Howell served on the AICPA Employee Benefits Technical Resource Panel from 2002 through 2004.