Preparing for the Employee Benefit Audit in 2014
Our panel of key thought leaders and practitioners will offer a discussion of the fundamentals as well as updates regarding the latest and significant issues surrounding this topic. This LIVE webcast aims to help you to avoid common pitfalls and risk issues surrounding: Employee Benefit Audit this year 2014.
Key topics include:
- Fundamentals of Employee Benefit Audit
- Important Notes in Choosing an Auditor to Handle Employee Benefit Plans
- Guide for Auditors in Preparing an Engagement Letter
- Best Practices in Making Quality Audits
- Emerging Trends and Related Litigation Cases
- Latest Regulatory Updates and a Lot More!
Michael Coletti , Partner
- Top plan operational failures
- Fiduciary insurance vs. Fidelity bonding – what is the difference
- Definition of compensation
- Considerations in the initial plan year audits
- Consideration in audit planning for risk assessment
Vincent Gaudiuso, CPA, MST, Partner
Buchbinder Tunick & Company LLP
- Choosing an auditor to handle employee benefit plan audits
- Reporting and Disclosure Requirements for Plan Investments
- Monitoring of Outsourced Recordkeeping and Reporting Functions from a Plan Administrators Perspective
- Guarding Against Plan Fraud
Frank R. Fico, CPA, CFE , Principal
- Salary deferrals and the rules regarding remittance and late remittances
- Fiduciary responsibility. (plan management and the need to work with the auditor)
- Top ten issues with benefit plan audits. Compliance issues
- Fraud and criminal enforcement by the DOL
Who Should Attend:
- Compensation and Benefits Consultants
- Independent Auditors
- Employee Benefits & Compensation Lawyers and Consultants
- Employee Benefits and Executive Compensation Practicing Lawyers
- Employee Benefits Attorneys
- Employee Relations Professionals
- Human Resource & Benefits Personnel
- Tax Attorneys
- Corporate Counsel
- Other Related/Interested Professionals
As a member of the WeiserMazars Employee Benefit Plans Group Michael provides audit, accounting, tax and advisory services for employee benefit plans. He specializes in conducting and managing audits of pension plans. Michael has experience in the preparation and review of Form 5500 and applicable schedules, reviewing plan compliance, representations, IRS audits, review of actuarial reports for reasonableness and content, and consulting on plan design.
Additionally, Michael has over 15 years of experience in providing auditing, accounting, and tax services to clients in the manufacturing, retail and distribution sectors. His extensive experience includes internal controls, application of audit procedures relating to contractual arrangements and point of sale systems and the associated risks. He regularly provides support services and consults with clients regarding projections, budgeting and cash flow analysis.
Michael received his BA in Accounting from Bloomsburg University. He is a Certified Public Accountant in New Jersey, New York and Pennsylvania and is a member of the American Institute of Certified Public Accountants and New Jersey Society of Certified Public Accountants. He chairs the Cooperation with Bankers Interest Group and participates on the International Business Council of the Meadowlands Chamber of Commerce. He also serves as a board member of the Meadowlands YMCA.
As a member of the WeiserMazars Employee Benefit Plans Group Michael provides audit, accounting, tax and advisory services for employee …
Mr. Gaudiuso is the partner-in-charge of the quality control policies and procedures for compliance with professional accounting and audit standards at Buchbinder Tunick & Company LLP, a regional CPA firm with offices in New York, New York and Bethesda, Maryland. He has over 15 years experience as an accountant, audit and tax professional. His experience includes a range of expertise in auditing, accounting, tax and consulting services for closely held small and middle market companies, employee benefit plans, and not-for-profit organizations.
His responsibilities include providing the firm with technical updates, training and research with respect to accounting and auditing matters.
Mr. Gaudiuso serves as a member of the Peer Review Committee at the New York State Society of CPAs and is a member of the Independence-Behavioral Subcommittee at the American Institute of Certified Public Accountants. He has also presented technical updates at training sessions sponsored by the New York State Society of CPA’s, the International Foundation of Employee Benefit Plans, and the Maryland Association of CPAs, Inc.
Mr. Gaudiuso graduated from Long Island University with a B.S. in Accounting and Fordham University with a M.S. degree in Taxation. He is licensed in the States of New York and New Jersey.
Mr. Gaudiuso is the partner-in-charge of the quality control policies and procedures for compliance with professional accounting and audit standards …
Frank R. Fico, CPA, CFE, is a principal in the Audit Department at MBAF. He started in the public accounting profession since 1988. He joined the firm in 2004 and was elected to partnership in 2010.
Frank has extensive experience in performing audits and providing related services with a focus on employee benefit plans, financial services, and real estate clients. He plans and supervises all phases of the audit, including preparation of the financial statements and reports to management, as well as compliance with regulatory requirements when necessary. In addition, he is responsible for the day-to-day supervision and training of the audit staff, and for ensuring compliance with financial and accounting policies, and business tax return preparation.
Frank R. Fico, CPA, CFE, is a principal in the Audit Department at MBAF. He started in the public accounting …
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
NASBA Field of Study:
NY Category of CLE Credit:
2.0 CPE (Not eligible for QAS (On-demand) CPE credits)
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About WeiserMazars, LLP
WeiserMazars LLP provides insight and specialized experience in accounting, tax and advisory services.
Since 1921, our skilled professionals have leveraged technical expertise and industry familiarity to create customized solutions to overcome client challenges.
As the independent U.S. member firm of Mazars Group – the 14th largest accounting organization in the world – we have a global reach of nearly 14,000 professionals in more than 70 countries.
Locally and internationally, we build lasting relationships with our clients by addressing their particular needs, creating value and optimizing their organizational performance.
For more information visit us at www.weisermazars.com
About Buchbinder Tunick & Company LLP
Buchbinder Tunick & Company is a top tier public accounting firm serving labor unions, employee benefit plans, non-profit organizations, and privately held and family owned businesses in New York, New Jersey, Maryland, Virginia, and Washington, D.C., as well as nationally.
With 19 partners and 85 staff in two locations – New York and Bethesda, MD, Buchbinder Tunick & Company provide hands-on tax, accounting and audit and assurance services. Buchbinder Tunick & Company partners are frequently in the field on engagements and are the primary contact for every client. Buchbinder Tunick & Company prides itself in returning e-mails and phone calls promptly, while scheduling engagements around your calendar.
Buchbinder Tunick & Company's primary focus is exceptional service paired with doing things the right way the first time. Efficiency, responsiveness and attention to detail are Buchbinder Tunick & Company's hallmarks, and we work diligently to bring you quality care during every single engagement.
About MBAF CPAs, LLC
MBAF is ranked nationally as a Top 40 accounting and advisory firm by Accounting Today. MBAF is named one of the 2013 Top Five Best of the Best firms in the country by INSIDE Public Accounting. Firms are chosen for demonstrating long-term consistency and exceptional performance, regardless of outside factors. MBAF’s unwavering loyalty to putting our clients first has made us one of the most trusted independent accounting firms in the country.
MBAF is one of the few firms with a dedicated practice area specialty in employee benefit plan audits and Employee Retirement Income Security Act (ERISA) compliance. We are proud members of the AICPA Employee Benefit Plan Audit Quality Center and are committed to meeting and exceeding the highest standards of our profession.