Master the fundamentals of auditing employee benefit plans in accordance with AICPA and EBSA standards and avoid problems that are all too often encountered. We'll explore accounting and auditing requirements unique to employee benefit plans, as well as the requirements and audit procedures related to defined contribution, defined benefit, and health and welfare plans to more effectively plan and carry out your audit.
Formally titled: Employee Benefit Plans: Mastering the Fundamentals
audit employee benefit plans in accordance with AICPA and EBSA standards;
how to design specialized audit tests;
how to plan the scope of an audit;
the structure of more popular employee benefit plans;
accounting requirements unique to employee benefit plans; and
audit deficiencies and how to avoid them
Plan types and recent developments
Accounting and reporting standards unique to plans, including GAAP vs. ERISA requirements
Filing and audit requirements
Audit planning and risk assessment
Internal controls unique to plans
Auditing 401(k) and other defined contribution, employee stock ownership, defined benefit, and health and welfare benefit plans.
CPAs and auditors who provide employee benefit plan audit and accounting services; benefit plan administrators and employees of companies responsible for accounting and reporting for benefit plans.
Advanced Prep: None
Speaker: Alan D Ross, CPA
Field of Study: Accounting & Auditing
CPE Credit: 8 Hours
Meet the Speaker:
Alan D Ross, CPA is the founder and President of Alan Ross & Co., PC, which is a local CPA firm in Wyomissing, Pennsylvania. He is a 1978 Graduate of Albright College, where he earned his BS in Accounting. He was employed from 1978 through 1982 by Samuel M Fisher and Company, and became a partner in the firm Zuber, Close, Ross & Company in 1982. He also was a member of the adjunct faculty at Albright College, where he taught accounting and auditing courses for three years. In 1985 he founded Alan Ross & Company, PC, Certified Public Accountants, where he provides a wide range of accounting, tax, and auditing services to clients in a wide range of fields. His firm provides accounting and auditing services for individuals, sole proprietors, partnerships, limited liability companies, corporations and not-for-profit organizations. His clients range in size from individuals to massive entities with assets in excess of $1 billion. In addition, his firm provides tax planning services, financial planning services, business valuation services and consulting services. Mr. Ross writes a monthly column for The Berks County Medical Record titled Financial and Tax Issues, which focuses on financial issues of interest to physicians and wealthy individuals. Mr. Ross serves as an instructor who teaches Continuing Educational Courses for the Pennsylvania Institute of Certified Public Accountants and the American Institute of Certified Public Accountants. Mr. Ross has served as a Past President of the Reading Chapter of the Pennsylvania Institute of Certified Public Accountants.