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Monday, October 30, 2023 Live Webcast

2023 Current Practice Issues and Update for Audits of Employee Benefit Plans (E2310361)

8:45 AM - 4:30 PM EDT

Registration: 8:30 AM EDT


Vendor Platform

8 CPE Credits in AA


The Department of Labor oversight and monitoring of audit quality has intensified and will continue for employee benefit plan (EBP) audits for the foreseeable future. EBP audits present a myriad of practice issues and risks that practitioners must address. This advanced course provides guidance and best practices in planning, performing and documenting these audits. Stay current on regulatory initiatives, findings and actions.


Practitioners in public accounting firms that audit employee benefit plans.


  • Address and implement current ASU (FASB) updates
  • 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 Reviews


  • Current DOL and EBSA programs, compliance initiatives and regulatory requirements
  • A review of currently issued and proposed accounting and auditing standards
  • Recent changes to the EBP Audit Guide
  • Form 5500 filing requirements, issues, and changes
  • Common audit challenges and risk areas inherent in benefit plan audits
  • Reporting and disclosure of ASC 820 fair value accounting measurement issues
  • Review of audit planning procedures
  • Identification of current risk issues including fraud in EBP audits
  • Understanding the SOC report; responding with adequate procedures and documentation
  • Deficiencies in reporting and disclosure and how to avoid/eliminate
  • Understanding the new peer reviewer requirements and the impact on EBP audits
  • Best practices in EBP financial statement reporting and disclosure with example




Experience in conducting audits of employee benefit plans.




Course materials are distributed electronically. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.


Rebecca Lee

Rebecca M. Lee, CPA, CGMA

Kaplan Financial Education, Powered by Loscalzo

Rebecca M. Lee, CPA, CGMA Rebecca Lee, licensed as a CPA in Alabama and South Carolina, is a founding Principal with Brooke, Freeman & Lee. She served in areas of the assurance, quality control, and compliance responsibilities for the audit practice. She has served on numerous AICPA and state society committees, including the AICPA Management Consulting Service Professional Practice Subcommittee, Small Business Consulting Practices Subcommittee, and Council of the AICPA. She has chaired both the Management Advisory Committee and the Personal Financial Planning Committee of the Alabama Society of CPAs. Rebecca currently serves on the Illinois Society of CPAs Peer Review Committee, which serves multiple state societies of CPAs. Rebecca has served as professor of management accounting in the graduate studies (Master in Public and Private Management) program at Birmingham-Southern College. Rebecca holds a BS degree in accounting from Jacksonville State University, along with a master’s degree in Accounting from Birmingham Southern College. She is a member of the Alabama Society of CPAs, the South Carolina Association of CPAs, and the AICPA.