Course Details

Employee Benefit Plan Audits: Asking the Right Questions and Avoiding Critical Errors

Webinar: ID# 1013025
Recorded CD
About This Course:
Proficiency in auditing benefit plans requires staying on top of IRS and DOL's ever-changing rules and regulations. An employee benefit plan with more than 100 eligible participants must file audited financials along with Form 5500, which are closely scrutinized during DOL audits.

An employee benefit plan audit is more than substantiating financial statements. Auditors must also be prepared to address plan operations, including an assessment of whether the plan is operating according to the plan document, any plan amendments, and all applicable IRS and DOL rules during the period audited.

Our panel of skilled benefits auditors, all well versed and experienced with benefit plan audits, will provide guidance on preparing for and getting through these audits. The panel will also explain what practitioners can do now to avoid costly mistakes or take action to correct prior plan errors before an audit.

Listen as our panelists offer best practices and insights based on real-world experience for avoiding common high risk mistakes associated with benefit plan audits. The panel will also outline approaches to identify and correct plan errors before an audit or after a filing.


I. Relevant forms and regulations

  • Form 5500
  • 403(b) plan rule issues
  • 408(b)(2) disclosures

II. Challenges to anticipate

  • Common plan operation errors
  • Denied Form 5500

III. Potential fixes for errors

IV. Best practices for audit preparation

  • Benefit plan audit experiences


The panel will explore topics such as:

  • Understanding the areas of highest risk in benefit plan audits.
  • Identifying and avoiding the most common mistakes in benefit plan audits.
  • Implementing expedient solutions to the most common plan or filing mistakes after the fact.
  • Pinpointing Form 5500 red flags for the IRS and DOL.

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Upon completing this seminar, you will have a much deeper familiarity with high risk but common mistakes made in completing benefit plan audits. You will have new approaches and insights to utilize in order to address plan operational errors before they cause problems in an audit and how to correct past errors.

The Presenters

Crystal Ekanayake, Partner, Assurance Services
Gallina, Sacramento, CA

She leads her firm's Employee Benefit Plan Audit Practice and benefit plan peer reviews. Before joining the firm in 2002, she worked for five years as Controller of a privately held sales and distribution company.

Kriste Naples-DeAngelo, Partner, Pension Services Group
EisnerAmper, Bridgewater, NJ

She is a senior member of the firm's Pension Services Group and has more than 25 years of experience in public accounting. She manages numerous employee benefit plan audits and consults with plan sponsors, and also designs firm staff training and continuing education on employee benefit plan audits.

Jessie Kanter, Manager of Quality Assurance
BlumShapiro, Providence, RI

She has more than 10 years of accounting experience, including audit and review services for privately held companies in various industries.

Credits Available

This program has been approved for 2.0 CPE hours through Strafford Publications. CPE Credit is available only for the LIVE webcast. Recorded versions do not qualify for credit.

Strafford is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.


To obtain CPE credit, attendees must participate in the live event, return an Official Record of Attendance to Strafford affirming their participation (including the CPE code announced during the program), and pay a processing fee of $35 per person.

Credit Confirmation

Strafford will mail a certificate of credit within approximately 2 weeks of receiving an attendee's completed Official Record of Attendance—provided all required conditions have been satisfied.


Handout materials and the phone number for live presentations are made available to you 1 day prior to the event via email from the presenter. Copies of the presentations are included with recorded versions.

If you order a recorded version of the webinar, CD's will be mailed out approximately 10 days after the live event. Shipping is included in the price of recorded versions.

Employee Benefit Plan Audits: Asking the Right Questions and Avoiding Critical Errors
or via CD
Course Details
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