Marilee Lau, CPA, Bill Lajoie, CPA and former Peer Review Board (PRB) Member, and Michael Auerbach from the DOL will discuss performing peer reviews of Employee Benefit Plan engagements, including documentation issues, findings and deficiencies. They will also discuss how recent professional standards and regulatory developments impact peer review.
Use new bold questions and italicized considerations when completing the 2018 Employee Benefit Plan Audit (EBP) Checklist
Determine whether peer review documentation provides the basis for reviewer conclusions prior to the report acceptance process
Apply knowledge of regulatory concerns identified by the Department of Labor Employee Benefits Security Administration
Analyze Enhanced Oversight Program data regarding material departures identified by peer reviewers and subject matter experts