Marilee Lau, PRB Practice Monitoring Task Force Member for EBP, Roland O’Brien, PRB Practice Monitoring Task Force Member for EBP, Michael Auerbach, Chief Accountant for the US Department of Labor – EBSA, Marcus Aron, Senior Auditor for the US Department of Labor – EBSA, and Jeff Gendreau, PRB Member 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.
Identify significant items frequently overlooked when an EBP Audit was deemed nonconforming.
Use bold questions and italicized considerations when completing the Employee Benefit Plan Audit (EBP) Checklist.
Determine whether peer review documentation provides the basis for reviewer conclusions prior to the report acceptance process.
Acting Chief, Division of Accounting Services,
U.S. Department of Labor