This session will explore the latest findings from DOL quality studies, detail the new penalty structure affecting compliance, and offer an overview of the department's organizational framework. 

Stay informed on the latest legislative and regulatory developments affecting employee benefit plans. This session will cover the key provisions of Secure 2.0, significant changes to Form 5500, and the new rules for eligibility. 

New auditing standards may require changes in your firm’s audit methodology, especially in performing EBP audit risk assessments. Look at recent auditing standards (SAS No. 142-145) that may impact the 2024 ERISA employee benefit plan audit season. Make sure you’re up to date with new auditing and accounting guidance so your audits are conducted in accordance with professional standards and carried out efficiently and effectively. Find out when additional documentation is required and get tips to reduce the risk of deficient audits. Come away with valuable insights and a broader perspective on how others are implementing the new standards. 

This session will focus on audit documentation, providing an overview of general documentation standards, as well as discussion of many specific elements of the audit process. Topics to be covered will include independence, planning, risk assessment, internal controls, fraud inquires, related parties & parties-in-interest, subsequent events, risks & uncertainties, and more! 

Delve into peer review deficiencies, with a deep dive into Appendix 1 from DOL studies. This session will explore common examples of deficiencies and effective solutions, review anonymous workpapers to see different firms' documentation, and discuss the impact of testing distributions or loans. Learn the difference between actual audit failures and documentation issues to improve your audit quality and compliance. 

This session will explore the most common compliance errors impacting retirement benefit plans, including the impact of recent legislation. Gain valuable insights to enhance your auditing practices and ensure compliance.

Part 1 of this 2-part session, we'll explore foundational elements such as establishing your practice, staffing decisions, client acceptance procedures, and proven networking tactics. Gain insights into generating referrals, crafting target client lists, instituting training procedures, and accessing vital resources. Additionally, we'll explore various methodologies, navigate SOC reviews, and discuss the adoption of new Quality Management Standards, all aimed at enhancing and refining your EBP practices. 

Part 2 will explore topics such as project management strategies, effectively managing service providers and clients, and optimizing internal firm management. Delve into the unique challenges of standalone (401K) audits and navigating payroll complexities. Gain insights into understanding clients' perspectives, identifying blind spots within companies, and enhancing audit efficiencies through technology and AI integration.