Strafford: Employee Benefit Plan Audit Peer Reviews
February 13 @ 1:00 pm - 3:00 pm
Christopher J. Ciminera, CPA, QKA is presenting Strafford’s Webinar – Employee Benefit Plan Audit Peer Reviews
Topic: Employee Benefit Plan Audit Peer Reviews
Date: February 13, 2025 @ 1:00-2:50pm EDT
Firms that audit employee benefit plans must pay careful attention to peer review preparation and anticipate the reviewer’s concerns about handling participant data, investments, fees, contributions, and other aspects of the plan. The plan audit group’s reputation is at stake during these reviews.
Peer reviewers routinely find substandard risk assessment procedures, failure to properly document the procedures performed, improper reliance on SOC reports, failure to test investment transactions earnings, timely remittance of employee contributions, and other problems in reviewing benefit plan audits. Plan audit groups often struggle to assess risk adequately.
Listen as our veteran employee benefit plan advisers and auditors help you evaluate your firm’s peer review preparation and proactively address noncompliance issues that often arise during inspections.