2021 Current Practice Issues and Update for Audits of Employee Benefit Plans – NEW DATE! – Webcast

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Cancelled - Oct 19, 2021

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


Member Fee: $299.00
Nonmember Fee: $399.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: -149.00


The Department of Labor (DOL) oversight and monitoring of audit quality has intensified and will continue for employee benefit plan (EBP) audits for the foreseeable future. EBP audits present a myriad of practice issues and risks that practitioners must address.

This advanced course provides guidance and best practices in planning, performing, and documenting these audits. The course will discuss skills and knowledge to:

  • Stay current on regulatory initiatives, findings and actions
  • Identify and address recurring difficult and complex accounting, auditing, and financial reporting issues in EBP engagements
  • Effectively perform required auditing procedures
  • Document evidence obtained to support the opinion
  • Identify deficiencies and focus on best practices
  • Report prohibited transactions

Designed For

Practitioners in public accounting firms that audit employee benefit plans.


  • Address and implement current ASU (FASB) updates
  • Identify current auditing issues with common sense solutions
  • Prepare adequate and sufficient audit documentation that will satisfy the professional standards for documentation and the DOL
  • Avoid mistakes and deficiencies in financial reporting and disclosures noted by DOL Audit Quality Study and Peer Reviews

Major Subjects

  • Current DOL and EBSA programs, compliance initiatives, and regulatory requirements
  • Currently issued and proposed accounting and auditing standards
  • Recent changes to the EBP Audit Guide
  • Form 5500 filing requirements, issues, and changes
  • Common audit challenges and risk areas inherent in benefit plan audits
  • Reporting and disclosure of ASC 820 fair value accounting measurement issues
  • Audit planning procedures
  • Current risk issues including fraud in EBP audits
  • Understanding the SOC report; responding with adequate procedures and documentation
  • Deficiencies in reporting and disclosure and how to avoid/eliminate
  • New peer reviewer requirements and the impact on EBP audits
  • Best practices in EBP financial statement reporting and disclosure with examples

If you would like to register for this event, please contact OSCPA at 800-255-1470, 503-641-7200, or email profdev@orcpa.org.


Joseph Manfré

Joseph E. Manfré, licensed as a CPA in New York, is a discussion leader for Kaplan Financial Education, powered by Loscalzo Institute. He is the Founder and President of Manfre CPA P.C., A Professional Corporation, located in Armonk, New York. While the services his firm offers to individuals and businesses are diverse, their specialization focuses on servicing the needs of multi- and single-employer employee benefit plans and labor unions. Joe is licensed in the State of New York and has been servicing the needs of single-employer and multi-employer benefit plans for most of his 40-year career in accounting. He previously was the chairman of the NYSSCPAS Employee Benefits Committee and has been a speaker on audits of employee benefit plans at their annual conference. Joe is also referred to by the NYSSCPA hotline for audit and tax related questions on employee benefit plans.

Joe’s experience and contacts in the employee benefits and labor industries prove invaluable to Benefit Funds Trustees and Management and Labor Executives, as well as to CPA firms with employee benefit plan audit and tax practices. His business and personal tax experience is also invaluable to individuals and business owners alike. Joe is a member in good standing of the AICPA, NYSSCPA, and the International Foundation of Employee Benefit Plans. He earned his BBA degree in accounting from Bernard Baruch College.