Coronavirus Filing Relief; Remote Auditing Webinar; Upcoming EBPAQC Webinars |
March 18, 2020 — EBPAQC Alert No. 441 | |
Dear Center Members: |
This alert contains information about:
- Coronavirus Filing Relief;
- Remote Auditing Webinar; and
- Upcoming EBPAQC webinars.
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DOL Office of Labor-Management Standards Advisory on Union Public Disclosure Reporting (LM Forms) in Areas Affected by the Coronavirus (COVID-19)
The DOL's Office of Labor-Management Standards (OLMS) has issued an advisory addressing the labor management (Form LM) reporting requirements of Title II of the Labor-Management Reporting and Disclosure Act of 1959. The law does not authorize the DOL OLMS to grant an extension of time for filing reports. However, OLMS will not pursue a civil enforcement action with regard to a delinquent or deficient report when these reporting violations are attributable to COVID-19. Unions, employers, and labor relations consultants wishing to take advantage of this enforcement policy should contact OLMS olms-public@dol.gov before the report is due, describe the circumstances necessitating additional time, and provide a date certain by which the report can reasonably be submitted. Under these circumstances, OLMS will not lodge a civil enforcement action to obtain the delinquent or deficient report. The advisory will be posted to the OLMS website.
Form 5500 filings
As of the date of this alert the IRS has not yet issued a notice of tax filing relief, including fiscal year plans that file Form 5500 Annual Return/Report. IRS filing relief notices are listed on the IRS Coronavirus Tax Relief webpage. The AICPA has requested relief and the EBPAQC will notify members when the IRS publishes notices.
AICPA webcast on remote auditing
The AICPA is sponsoring a free CPE webcast on Monday March 23 from 3:30 - 4:30 pm Eastern Time on conducting remote audits. The webcast will be moderated by Bob Dohrer, AICPA Chief Auditor, detailing what to consider when conducting audits remotely. The speakers will address best practices to ensure your audit follows the standards, especially as it relates to accounting areas that need extra attention, fraud interviews, internal control and risk assessment, and documentation. This webcast will also cover items related to peer review. Click here to register.
Postponed EBPAQC EBP investments webinars
The EBPAQC webinar, EBP Plan Investments - Part 1, scheduled for March 17, 2020 at 1:00 PM ET, was postponed due to unforeseen circumstances. As a result, we may also need to postpone EBP Plan Investments - Part 2, scheduled for April 1, 2020 at 1:00 PM ET. We currently are looking for alternate dates and will send an Alert once they have been finalized. If you registered to participate in one or both of these webinars, your registration will automatically be transferred to the rescheduled event(s). If you are unable to participate in the rescheduled event(s), you can contact AICPA Member Service at 888.777.7077, 9am-6pm ET Monday-Friday for a refund. We apologize for any inconvenience this postponement may cause you.
Upcoming EBPAQC webinars
Following are upcoming EBPAQC webinars in April and May. Select the EBP web events in which you would like to participate and click on the link to schedule the dates and times on your calendar. You will need to register for these events separately when the registration information is available and sent to members in an Alert. All times for events are 1:00 PM – 3:00 PM (Eastern Time) |
Date (all times
are 1:00-3:00 pm ET) |
Title and
Description |
Click, open, save and close to add to your Outlook Calendar |
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Mon., April 20, 2020
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Designated Audit Quality Partner Planning—2020 (Rebroadcast) |
Add to your
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Fri., April 24,
2020
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Managers and Supervisors Planning—2020
Defined Contribution Plan Audits - Intro Level - This is a series of 4 webinars on defined contribution plan audits. |
Add to your
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Thurs., April 23, 2020
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Part 1 (Rebroadcast) Introduction and Planning |
Add to your
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Thurs., April 30, 2020
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Part 2 (Rebroadcast)
Participant Data and Contribution Testing |
Add to your
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Thurs., May 14, 2020
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Part 3 (Rebroadcast)
Distribution Testing, Audit Wrap-Up, and Notes to Financial Statements
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Add to your
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Thurs., May 21, 2020 |
Part 4 (Live)
Investments and Current Topics |
Add to your
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Tues., May 19, 2020 |
SOC 1 Tool - (Rebroadcast) |
Add to your
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Tues., May 26, 2020 |
Health & Welfare Plan Audit Basics—Part 1 (Rebroadcast) |
Add to your
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Tues., June 2, 2020
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Health & Welfare Plan Audit Basics-Part 2 (Rebroadcast) |
Add to your |
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In This Alert |
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Additional Resources |
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Stay Informed |
We welcome any suggestions or questions - please send them by e-mail at EBPAQC@aicpa.org.
Members of the Employee Benefit Plan Audit Quality Center (EBPAQC) may only reproduce and distribute EBPAQC Alerts internally within the firm to other Center member firm personnel as part of the firms' professional services. For information about permission to copy any part of these documents for redistribution or inclusion in other work, please click on the copyright notice at the bottom of the page or phone the copyright permission hotline (919) 402-4031.
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AICPA
220 Leigh Farm Road
Durham, NC
27707-8110
888.777.7077 | | | | |
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