COLUMBUS,OH. The U.S. Dept. of Labor’s Ian Dingwall, CPA, is encouraging CPA firms to take a comprehensive look at their employee benefit plan audit practices right now before the audit season kicks into full swing.
That’s because regulatory changes, new filing requirements and turnover among plan managers at many U.S. companies are making the 2010 audit environment vastly different than in the past.
“Auditors are the first line of defense in ensuring plans are properly accounting for and managing plan assets,” Dingwall said. “Firms that conduct benefit plan audits need to re-think their audit plan carefully, making sure their teams are trained to conduct high quality audits in an age of increased scrutiny.”
Dingwall is one of several national experts who will present at The Ohio Society of CPAs (OSCPA) Employee Benefit Plan Audit Conference April 19 in Columbus.
Participants will learn more about these current issues for EBP audits:
• New, mandatory electronic filing of all EBP audits
• New audit and reporting requirements for all 403(b) plans
• Common deficiencies that increase an audit’s risk
• Building efficiencies and best practices approaches into your audit plan
• Training the audit team to work more efficiently and produce quality audits that hold up under strict scrutiny
Ian Dingwall, CPA, chief accountant, Employee Benefits Security Administration, U.S. Dept. of Labor, will review current regulatory developments at the U.S. Dept. of Labor and provide an inside perspective on the audit quality inspection process. He’ll also review the department’s standard for industry best practices and share common pitfalls that lead to Form 5500 filing rejections.
Michael Auerbach, CPA, chief, Division of Accounting Services. U.S. Dept. of Labor, and James Merklin, CPA, CFF, CFE, a partner with Bober Markey Fedorovich in Akron, OH, and Director of the firms Employee Benefit Plan Audit Services, will coach auditors on common deficiencies that put audits at risk and share efficiency and quality control strategies.
Ask the Experts Panel
The conference will finish with a general interactive Q &A session featuring some of the country’s most knowledgeable EBP audit experts.
To register for these events, visit The Ohio Society of CPA’s Web Site or call at 888.959.1212.
The Ohio Society of CPAs, established in 1908, represents more than 23,000 CPAs in business, education, government and public accounting. The Ohio Society’s members not only meet statutory and regulatory requirements as CPAs, but also embrace the highest standards of professional and ethical performance. This is achieved through ongoing professional education, comprehensive quality review and compliance with a strict Code of Professional Conduct.
That’s because regulatory changes, new filing requirements and turnover among plan managers at many U.S. companies are making the 2010 audit environment vastly different than in the past.
“Auditors are the first line of defense in ensuring plans are properly accounting for and managing plan assets,” Dingwall said. “Firms that conduct benefit plan audits need to re-think their audit plan carefully, making sure their teams are trained to conduct high quality audits in an age of increased scrutiny.”
Dingwall is one of several national experts who will present at The Ohio Society of CPAs (OSCPA) Employee Benefit Plan Audit Conference April 19 in Columbus.
Participants will learn more about these current issues for EBP audits:
• New, mandatory electronic filing of all EBP audits
• New audit and reporting requirements for all 403(b) plans
• Common deficiencies that increase an audit’s risk
• Building efficiencies and best practices approaches into your audit plan
• Training the audit team to work more efficiently and produce quality audits that hold up under strict scrutiny
Ian Dingwall, CPA, chief accountant, Employee Benefits Security Administration, U.S. Dept. of Labor, will review current regulatory developments at the U.S. Dept. of Labor and provide an inside perspective on the audit quality inspection process. He’ll also review the department’s standard for industry best practices and share common pitfalls that lead to Form 5500 filing rejections.
Michael Auerbach, CPA, chief, Division of Accounting Services. U.S. Dept. of Labor, and James Merklin, CPA, CFF, CFE, a partner with Bober Markey Fedorovich in Akron, OH, and Director of the firms Employee Benefit Plan Audit Services, will coach auditors on common deficiencies that put audits at risk and share efficiency and quality control strategies.
Ask the Experts Panel
The conference will finish with a general interactive Q &A session featuring some of the country’s most knowledgeable EBP audit experts.
To register for these events, visit The Ohio Society of CPA’s Web Site or call at 888.959.1212.
The Ohio Society of CPAs, established in 1908, represents more than 23,000 CPAs in business, education, government and public accounting. The Ohio Society’s members not only meet statutory and regulatory requirements as CPAs, but also embrace the highest standards of professional and ethical performance. This is achieved through ongoing professional education, comprehensive quality review and compliance with a strict Code of Professional Conduct.