Overview:
This seminar provides the sophisticated knowledge you need to deal with unique accounting issues in complex plans. You will:
- Understand the reporting implications of plan terminations and mergers
- Gain an advanced understanding of GAAP
- Learn how to deal with typical problems
- Get answers to your toughest questions
Objective:
To provide the employee benefits auditor with advanced concepts as well as a thorough review of key considerations in performing an efficient audit. You’ll explore sophisticated topics such as terminations and mergers. You’ll deepen your understanding of relevant regulations and pronouncements. And you’ll get answers to your specific questions.
Emphasis:
- Financial statements of defined contribution, defined benefits and health and welfare plans
- Review of actuarial report
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Form 5500
– Auditors’ responsibilities
– Easy checks - Plan terminations and mergers—financial statements and Form 5500 implications
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Rules, regulations and requirements
– Limited scope audits
– Use of SSAE 16 reports
– Legislative developments - New accounting pronouncements, sample disclosures and procedures
