| Dear Center Members: |
This alert contains instructions for registering for the EBPAQC:
- Live webcasts:
- Two-part webcast series on SAS 136 ERISA Section 103(a)(3)(C) (formerly limited scope) audits, November 10 and 17
- Rebroadcast webcasts:
- Using SOC 1 reports in EBP Audits, November 15
- Unique Defined Benefit Plan Issues - Advanced, November 18
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ERISA Section 103(a)(3)(C) Audits Two-Part Series Webcasts
This two-part live webcast series will provide a general overview and discussion of the new requirements for planning and performing SAS 136 ERISA Section 103(a)(3)(C) audits (formerly limited scope audits) and walk participants through the audit requirements in AU-C section 703, Forming an Opinion and Reporting on Financial Statements of Employee Benefit. Plans Subject to ERISA. These new requirements will be effective for calendar year 2021 plan year audits performed in 2022.
ERISA Section 103(a)(3)(C) audits - Part 1, which will be held on Wednesday, November 10, from 1:00 p.m. - 3:00 p.m. Eastern Time, will walk through the basics of an ERISA Section 103(a)(3)(C) audit with a heavy focus on the changes that came with SAS No. 136. It will highlight areas practitioners should focus on as they get ready to implement SAS No. 136, including:
- Engagement acceptance procedures
- Engagement letters
- Consideration of relevant plan provisions in risk assessment and response
- Changes to the management representation letter
- Auditor's report changes
- Managing client expectations throughout the engagement
Panelists for this webcast are Debbie Smith, Grant Thornton; Michelle Buckley, Meaden & Moore; Roland O’Brien, CliftonLarsonAllen LLP; and Brian Price, PriceKubecka, PLLC.
Click below to register for the November 10, 2021 Part 1 live webcast:
ERISA Section 103(a)(3)(C) audits - Part 2, which will be held on Wednesday, November 17, from 1:00 p.m. - 3:00 p.m. Eastern Time, will provide practical implementation guidance, including a deeper dive into:
- The auditor's responsibilities related to the ERISA Section 103(a)(3)(C) certification
- Client acceptance/the engagement letter
- Relevant plan provisions
- Substantially complete Form 5500
- Reportable findings
- New auditor’s report
Panelists for this webcast are Debbie Smith, Grant Thornton; Erin Breit, BDO; Sandi Carrier, Deloitte; and Josie Hammond, RSM US LLP.
Click below to register for the November 17, 2021 Part 2 live webcast:
Using SOC 1 reports in EBP Audits Webcast Rebroadcast
This rebroadcast, which will be held on Monday, November 15, from 1:00 p.m. - 3:00 p.m. Eastern Time, discusses how to maximize your firm's use of a SOC 1 report in your EBP audits. It includes:
- An overview of SOC 1 reports and what each section covers.
- A discussion of the auditors’ responsibilities under AU-C section 402, Audit Considerations Relating to an Entity Using a Service Organization, when using a SOC 1 report as audit evidence.
- Tips for effectively reviewing and understanding the SOC 1 report and other firm best practices.
- A walkthrough of the EBPAQC SOC 1 tool and how to use it.
Panelists for this rebroadcast are Beth Garner, BDO; Patricia Ryan McCormick, Deloitte; Lara Stanton, Sikich, LLC; and David Torrillo, Torrillo & Associates, LLC.
Click here to register for the November 15, 2021, rebroadcast webcast (Paid CPE credit option only- 2 CPE credit hours).
Unique Defined Benefit Plan Issues – Advanced Webcast Rebroadcast
This rebroadcast, which will be held on Thursday, November 18, from 1:00 p.m. - 3:00 p.m. Eastern Time, is an advanced-level webcast that will benefit individuals who have experience in defined benefit pension plan auditing. It will take participants beyond the basics to address unique issues encountered in defined benefit pension plan audits, including:
- Use of a specialist/estimates
- Census data, missing records, and plan benefits
- Benefit calculation and payments
- Plan terminations; spinoffs and mergers
- Annuity contract purchases
- Cash balance plans
- Investments and common reporting deficiencies
- Contributions and funding
Panelists for this webcast are Stephen Eisenstein, KPMG; Sandi Carrier, Deloitte; Jayme Malimban, Johnson Lambert LLP; and Debbie Smith, Grant Thornton.
Click here to register for the November 18, 2021 rebroadcast webcast (Paid CPE credit option only- 2 CPE credit hours.
Archive of Past EBPAQC Webcasts Available
EBPAQC webcasts (audio and slide presentations) are archived on the Center website under EBPAQC webcasts. No CPE is available for listening to the archived events.
Sincerely,
AICPA Employee Benefit Plans Audit Quality Center |
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