Employee Benefit Plans - Auditing Significant Areas Webcast [EBPA4]

Sep 2, 2022
Time: 8:30am - 12:00pm


Accounting & Auditing / Emp.Ben.

Credit Hours:



Member: $160.00
Non-member: $240.00

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Discussion Leader:

James Hodge, CPA, CGFM, CFE    more info

James Hodge is currently the Director of Financial Statement Audits at the Department of Treasury's Office of Inspector General where he oversees financial statement audits, performance audits, evaluations, and attestation engagements. Prior to joining the federal government, he worked for PricewaterhouseCoopers in their Washington Federal Practice (now Guidehouse), advising federal entities on how to solve complex organizational issues, manage risk, and add value in financial and program management, operations improvement, and security and data management.

James is also an adjunct business professor at Howard University, Montgomery College, and University of Maryland Global Campus where he teaches upper-level undergraduate and graduate accounting courses. Additionally, James serves as an instructor for Becker Professional Education and Kaplan Professional. He is a Certified Public Accountant, Certified Fraud Examiner, and Certified Government Financial Manager. He received both his undergraduate and graduate business degrees from the University of Dayton.

As an active member of the accounting and auditing community, James has served in numerous leadership roles with the National Association of Black Accountants, the American Institute of Certified Public Accountants’ Government Accounting and Auditing Update Committee, and the Office of Management and Budget’s Executive Steering Committee on Fraud.

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Website registration for this course closes on September 1, 2022. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

Employee Benefit Plans-Auditing Significant Areas Webcast (EBPA4)

September 2nd, 2022 / 8:30 am 12:00 pm

Live Webcast / Zoom

The Department of Labor (DOL) oversight and monitoring of audit quality has intensified and will continue for employee benefit plan (EBP) audits for the foreseeable future. The AICPA initiative on Audit Quality has also addressed the issue through the peer review process. This course discusses the deficiencies noted in peer reviews in significant audit areas. Skills and knowledge will be covered in the following areas:
- Stay current on regulatory initiatives, findings, and actions
- Identify and address recurring difficult and complex accounting, auditing, and financial reporting issues in EBP engagements
- Effectively perform required auditing procedures
- Document evidence obtained to support the opinion
- Identify deficiencies and focus on best practices

Major Topics:
- Testing journal entries to address risk of management override of controls
- Participant data test
- Auditing investments-full-scope procedures
- Auditing and reporting on the fair value of investments
- Full-scope investment confirmation
- Auditing investments-limited-scope procedures
- Auditing contributions and notes receivable from participants
- Auditing participant benefit payments
- Auditing accrued liabilities
- Auditing plan expenses
- Auditing party-in-interest and related party transactions

Learning Objectives:
Participants will be able to:
- Understand the required audit procedures for selected accounts
- Identify current auditing issues with common sense solutions
- Prepare adequate and sufficient audit documentation that will satisfy the professional standards for documentation and the DOL
- Avoid mistakes and deficiencies in financial reporting and disclosures noted by DOL Audit Quality Study and Peer Review

Designed For: Practitioners in public accounting firms that audit employee benefit plans.

CPE Credits: 4, Accounting & Auditing

Level of Knowledge: Intermediate

Prerequisite: Experience on Audits of Employee Benefit Plans

Acronym: EBPA4

Discussion Leader: James Hodge, CPA, CGFM, CFE