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.
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, Surgent McCoy Self Study
Melissa G. Critcher has her own firm located in the Charlotte, North Carolina area that focuses on employee benefit plan audits and consulting. She has extensive experience in auditing and accounting, with a specialization in employee benefit plans. She is an author and instructs continuing education courses for various organizations, including the North Carolina Association of CPAs where she has been recognized as an Outstanding Discussion Leader. Critcher began with a small, local CPA firm in North Carolina and since has worked for various sized accounting firms across North Carolina during the course of her career. She has been providing auditors with the fundamentals and techniques necessary in order to properly audit defined contribution and defined benefit plans for more than 19 years. Her auditing background includes performing engagements for various size benefit plans, both limited and full scope audits, as well as evaluating Service Organization Control reports. Critcher graduated from Appalachian State University with a Bachelor of Science degree in Business Administration specializing in Accounting. She is a member of the North Carolina Association of Certified Public Accountants (NCACPA) and other professional organizations.
Non-Member Price $139.00
Member Price $119.00