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AICPA & CIMA Employee Benefit Plans Conference 2021

EBP2110 - Certifications: A Deeper Dive: Not as Shallow as you Think

May 3, 2021 1:05pm ‐ May 3, 2021 2:20pm

Standard: $49.00


The plan administrator has determined that a ERISA 103(a)(3)(c) audit is permissible. What can you do to make sure the audit is shipshape? This session will help participants effectively navigate an audit that relies on certified information, including taking a closer look at how plan administrators and auditors can assess whether the certified information is appropriately measured, presented, and disclosed in accordance with the applicable financial reporting framework. While SAS 136 did not change 29 CFR 2520.103-8, this session provides a refresher on the qualifications and requirements of certifying institutions. This session will also provide an opportunity to discuss frequently asked questions and best practices in engaging certifying entities.

Learning Objectives:
  • Determine necessary qualifications and requirements of certifying institutions to perform an audit under ERISA 103(a)(3)(c).
  • Utilize an efficient framework for comparing the valuations reported and certified by qualified institutions holding plan assets, to the fair valuation guidance set forth by FASB, to effectively analyze plan management’s assessment of the certification.


  • Peggy A. Bradley, BA, Senior Vice President | Client Business Solutions, Northern Trust
  • Kizzy Gaul, Esq., Manager, Regulatory Supervision, Prudential Retirement
Category: Concurrent Session Online

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