2019 Current Practice Issues and Update for Audits of Employee Benefit Plans


Why Attend?  DOL oversight and monitoring of audit quality has intensified. EBP audits present a myriad of practice issues and risks that practitioners must address. This course will provide guidance and best practices in planning, performing and documenting these audits. 

Lunch generously provided by Bernstein Shur.


• Best practices in EBP financial statement reporting and disclosure
• A review of currently issued and proposed accounting and auditing standards
• Common audit challenges and risk areas inherent in benefit plan audits
• Difficult audit areas found in EBP engagements
• Understanding of SOC report: responding with adequate procedures and documentation
• Recent changes to EBP Audit Guide
• Financial statement reporting and disclosure requirements with examples
• Reporting and disclosure of ASC 820 fair value accounting measurement issues
• Recent changes to the EBP Audit Guide
• Form 5500 filing requirements, issues and changes
• Understanding the new peer reviewer requirements and the impact on EPB audits
• Best practices in EBP financial statement reporting and disclosure with examples


Participants will be able to:

  • 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
  • Avoid mistakes and deficiencies in financial reporting and disclosures noted by DOL Audit Quality Study and Peer Reviews




Familiarity with Employee Benefit Plans & Audit Procedures

Course level is Intermediate/Advanced





Course Level:


Registrations are currently closed.


Loscalzo Associates, Ltd.


Bernstein Shur
100 Middle Street
Portland, ME 04101
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May 17, 2019 8:15am


May 17, 2019 4:30pm

Check-in starts at 8:00am


Manfre, Joseph

Joseph E. Manfré, CPA, licensed as a CPA in New York, is a discussion leader for Loscalzo Institute. He is the Founder and President of MANFRE CPA P.C., A Professional Corporation, located in Armonk, New York. While the services his firm offers to individuals and businesses are diverse, their specialization focuses on servicing the needs of multi and single employer employee benefit plans, and labor unions. Joe is licensed in the State of New York and has been servicing the needs of single employer and multi-employer benefit plans for most of his 35 year career in accounting. He previously was the chairman of the NYSSCPAS Employee Benefits Committee and has been for many years a speaker on audits of employee benefit plans at their annual conference. Joe has been quoted in the BNA Daily Tax Report, and is referred to by the NYSSCPA hotline for audit and tax related questions on employee benefit plans.
His experience and contacts in the employee benefits and labor industries prove invaluable to Benefit Funds Trustees and Management and Labor Executives, as well as to CPA firms with employee benefit plan audit and tax practices. His business and personal tax experience is also invaluable to individuals and business owners alike. Joe is a member in good standing of the AICPA, NYSSCPA and the International Foundation of Employee Benefit Plans. He earned his BBA degree in Accounting from Bernard Baruch College.

Designed For:

Practitioners in public accounting firms that audit employee benefit plans.

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