Webcast: Surgent's Annual Update for Defined Contribution Plans
2.0 Credits
Member Price $75.00
Non-Member Price $100.00
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
Leader(s):
Leader Bios
Melissa Critcher, Surgent McCoy CPE, LLC
Melissa G. Critcher, CPA is a member of both the American Institute of Certified Public Accountants (AICPA) and the North Carolina Association of Certified Public Accountants (NCACPA). She has served in various roles with the NCACPA including member of the Board of Directors, committee member for the Accounting and Attestation Committee as well as local chapter positions. She is one of the recipients of the 2010 and 2011 AICPA Outstanding Discussion Leader Award. Critcher’s background in accounting includes more than 15 years 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, North Carolina, a manager at a regional firm in Raleigh, North Carolina prior to re-locating to Charlotte. Critcher also worked with a local firm in Winston-Salem. During her career, Critcher has been responsible for managing the employee benefit plan niche, marketing and business development and conducting in-house training seminars. Since 2002 Critcher 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, etc.
Non-Member Price $100.00
Member Price $75.00