Department of Labor inspections continue to intensify, raising the stakes for employee benefit plan auditors and sponsors alike. This session provides a front-line view of current DOL inspection activity, enforcement trends, and the issues most likely to trigger deeper scrutiny. 

This session offers a practical overview of recent accounting and auditing developments impacting employee benefit plan (EBP) engagements. Participants will examine how current accounting updates, auditing standards, and new quality management requirements influence their work. The session also covers other critical audit considerations, such as limitations on auditor selections by service providers and the use of NDAs with service providers. The session will also provide high-level reminders and practical insights on common plan investments, as well as emerging topics such as alternative practice structures.

Effective risk assessment drives audit quality, but documenting it properly is critical. This hands-on session walks through real examples of risk identification, documentation, and workpapers for both defined contribution and defined benefit plans.

Special plan events introduce unique risks that can derail an otherwise smooth audit. This session dives into initial audits, plan terminations, recordkeeper changes, and working with service providers, highlighting what auditors need to know to stay ahead. 

Peer review findings reveal where EBP audits most often fall short. This session discusses the inspection process, recurring deficiencies, and major issues, such as missed actuarial considerations, that continue to surface.

Form 5500 errors remain a frequent issue in benefit plan audits. This session helps auditors understand what to review, how form data ties into audit procedures, and where omissions and inconsistencies most often occur. 

SECURE 2.0 continues to reshape retirement plan operations and compliance. This session highlights key provisions, new correction opportunities, and what auditors should be discussing with clients to understand the audit impact. 

Retirement plan compliance errors are common, but correctable when addressed early. This session provides practical guidance on identifying errors, choosing the right correction path, and navigating correction programs under SECURE 2.0.

AI tools are entering the audit workflow—but not without risk. This session explores where AI can enhance efficiency and insight in employee benefit plan audits, while addressing governance, limitations, and professional judgment considerations.