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Tuesday, June 4, 2019 Live

Auditing Employee Benefits Plans (E1906091)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

8 CPE Credits in AA

OVERVIEW

Master the fundamentals of auditing employee benefit plans in accordance with AICPA and EBSA standards and avoid the problems that are often encountered. This seminar is designed to give you an understanding of requirements and audit procedures related to defined contribution, defined benefit, and health and welfare plans to help you more effectively plan and carry out your audit.

DESIGNED FOR

Auditors providing employee benefit audit and accounting services, benefit plan administrators and employees of companies with responsibility for accounting and reporting for plan benefits.

BENEFITS

  • Audit employee benefit plans in accordance with AICPA standards and ERISA rules and regulations
  • Identify specialized audit tests
  • Indicate the scope of an audit
  • Comparel the structure of the more popular employee benefit plans
  • Identify accounting requirements unique to employee benefit plans

HIGHLIGHTS

  • Common plan types
  • GAAP vs. ERISA reporting requirements
  • Recent developments
  • Filing and audit requirements
  • Planning the audit and assessment of risks
  • Prohibited transactions
  • Overview of tax compliance
  • Internal control and understanding employee benefit plans
  • Understanding and auditing 401(k), defined contribution, defined benefit, health and welfare, and employee stock ownership plans (ESOPs)

COURSE LEVEL

Intermediate

PREREQUISITES

Experience with the employee benefit plan audit process and a working knowledge of ERISA.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • *AICPA members deduct an additional $30 from applicable price.

Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Raymond Nowicki

Raymond M. Nowicki, CPA

Raymond M. Nowicki, CPA

Raymond M. Nowicki, CPA Buffalo, New York

Raymond M Nowicki, CPA is Managing Partner at Nowicki and Company, LLP , the 20th largest CPA firm in Western New York a CPA and he specializes in auditing, accounting, litigation support and quality control services. As the firm’s quality control partner, he is actively involved performing audits for commercial entities (i.e. manufacturing, wholesaling, retailing, broker-dealers, etc.) non-for-profits and ERISA engagements. His firm has successfully undergone multiple reviews under the stringent NPRC process.

He is Team Captain –qualified and performs approximately 100 peer reviews in New York, New Jersey, and Pennsylvania in a 3 year cycle. The firm is the second largest peer review practice in New York State.

Nowicki is a current member of the National Peer Review Committee ( NPRC), former member of the AICPA Peer Review Board (2002-2004), author of the AICPA National Training Manuals for Basic and Advanced Peer Review Skills (2010-2013), and member of the NYS Society of CPA’s Peer Review Committee for the AICPA (March 1995 to present). He has done multiple tours of duty as a Vice-Chairman of Oversight for the New York Committee, allowing him a unique opportunity of testing the peer reviewers.

Nowicki has been a featured instructor for the AICPA Basic and Advanced Peer Review Training and Peer Review Update courses, the AICPA Advanced Auditing of Defined Contribution Plan certificate program, and the AICPA Peer Review Conference. In presenting the Basic Peer Review Course, Ray has been dubbed “The Master Sergeant” in New York for his entertaining approach to teaching new recruits the true meaning of peer review, and has developed some interesting phrases that help his students master the skills needed for the peer review process. However, some of his classmates have been known to complain about doing pushups during class.

Even though Ray received his CPA license in 1979, so you can guess his age, his classmates have commented on his limitless energy and high impact approach to giving students a new awareness of the importance of their profession and its relationship to serving the public trust.

PRICING

$279.00 - Member

$379.00 - Nonmember

AICPA members receive a discount of $30 for this event.

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

American Institute of CPAs