Like many areas of our lives in 2020, Employee Benefit Plans also experienced a number of significant changes as a result of the pandemic and the CARES Act. Plan sponsors should take note that the approval of two new audit reporting standards, SAS 134 and SAS 136, will likely impact the performance and timing of your audit. For the first time in many years, there are also changes to how employers must attest to their annual limited-scope audits.
Join GRF for a discussion of the new requirements for plan sponsors and learn how your organization should plan for the audits of December 31, 2020 and 2021 plan years. The program will include a thorough overview of the documentation you will need to support CARES Act transactions and achieve a successful retirement plan audit. We will also give you a preview of the 2021 changes for the new accounting standards for employee benefit plans.
Mark Tessar, CPA, CIA | Manager, Audit
Mr. Tessar is an audit manager with more than 10 years of experience auditing tax-exempt organizations including charities, foundations, associations and other nonprofit entities. His background includes audits and reviews of employee benefit plans with specialized experience in internal control testing of financial, operational and IT controls. In addition to his role as an external auditor, Mr. Tessar has also performed internal audits at various organizations.
GRF CPAs & Advisors is a CAE Approved Provider. This program meets the requirements for fulfilling the professional development requirements to earn or maintain the Certified Association Executive credential and may be applied for 1 (one) credit toward your CAE application or renewal professional development requirements. Every program that we offer which qualifies for CAE credit will clearly identify the number of CAE credits granted for full participation, and we will maintain records of your participation in accord with CAE policies. For more information about the CAE credential or Approved Provider program, please visit www.asaecenter.org/cae.