EBPAQC Alert No. 305 


    EBPAQC Alert
     
    EBP Audit Resources for Center Members
           
      AICPA
    September 12, 2013
    EBPAQC Alert #305
     
     
    In This Alert
       
    EBP Audit Resources for Center Members
    Department of Labor Resources
    Additional Resources
       
    EAlerts (archived)
    Live Forum webinars (archived)
    Resource Centers
    Tools
    EBP Products at the AICPA Store
    Stay Informed
       
    We welcome any suggestions or questions - please send them by e-mail at EBPAQC@aicpa.org.
       
    If you do not wish to receive e-mails from the Employee Benefit Plan Audit Quality Center, please e-mail us at EBPAQC@aicpa.org.

    Members of the Employee Benefit Plan Audit Quality Center (EBPAQC) may only reproduce and distribute EBPAQC EAlerts internally within the firm to other Center member firm personnel as part of the firms' professional services. For information about permission to copy any part of these documents for redistribution or inclusion in other work, please click on the copyright notice at the bottom of the page or phone the AICPA copyright permission hotline (919) 402-4031.
     
    Dear Center Members
     
    EBP Audit Resources for Center Members
    The EBPAQC has many valuable resources and tools available to help you with your EBP audits. These include resource centers, a Member-to-Member Discussion Forum, EAlerts, live forum webinars, plan advisories, "topix" primers and much more.

    Click here for a summary of the various tools and resources you can find on the EBPAQC website.

    The Center has developed several new tools and resources in the past year, and updated some existing resources, including the Examples of Internal Control Communications for Employee Benefit Plans and an updated edition of the Plan Advisory, Effective Monitoring of Outsourced Plan Recordkeeping and Reporting Functions.

    Popular tools and resources include:
      • Common EBP Audit Deficiencies
      • Documentation of Use of a Type 2 Service Auditor's Report in an EBP Financial Statement Audit
      • Parties in Interest and Prohibited Transactions Resource Center
    Technical Assistance

    Consult the EBP Audit Guide and Audit Risk Alert- If you need technical guidance on an accounting or auditing issue, many times the answer can be found by consulting the AICPA Audit and Accounting Guide, Employee Benefit Plans the AICPA Audit Risk Alert, Employee Benefit Plans Industry Developments-2013, and the other EBPAQC and AICPA resources.

    Use the Member-to-Member Discussion Forum- The EBPAQC Member-to-Member Discussion Forum also allows you to search for topics and non-authoritative replies, or post a new topic for your colleagues to share their experience and best practices.

    Contact the AICPA A & A Technical Hotline- If after consulting the above resources you still cannot find answers to your accounting and auditing technical question, contact the AICPA's Accounting and Auditing Technical Hotline by submitting your question electronically using the Technical Inquiry Form (accessible through the link below) or by calling the Technical Hotline at 1-877-242-7212. Click here for AICPA Technical A & A Hotline Inquiry Form.

    Contact the AICPA Professional Ethics Hotline- For AICPA ethics or independence issues access the AICPA Professional Ethics Hotline by calling (888) 777-7077, menu option #6, followed by menu option #1, or e-mail at ethics@aicpa.org.
     
    Department of Labor Resources
    Employee Benefit Security Administration (EBSA) Web Site

    For DOL publications, FAQs, copies of the Form 5500, instructions, and related schedules, visit the DOL's EBSA web site at www.dol.gov/ebsa.

    EFAST 2 Contact Center Support System

    For questions regarding the Form 5500 or related schedules, you can email the DOL at efast@dol.gov or call the DOL EFAST 2 Contact Center Support System at 1-866-463-3278:
      • Option 1 - Questions regarding the instructions for filling out the Form 5500 Annual Report
      • Option 2 - Questions regarding errors or acknowledgment messages for edit tests
      • Option 3 - To check the status of a current filing
      • Option 4 - Questions regarding the EFAST 2 website
      • Option 5 - Third party software certification and development questions
      • Option 6 - Questions regarding pin, password, user ID, or account locked
    For questions about ERISA reporting, filing or other regulatory requirements, contact the DOL's Office of Regulations and Interpretations at 202-693-8500.

    For information for employers and plan officials to help meet their legal responsibilities visit the EBSA website www.askebsa.dol.gov.

    To speak with a benefits advisor in an EBSA field office, call 1-866-444-3272 (EBSA):
      • To speak to a benefits advisor from the office serving the area from which you are calling (press 2)
      • To speak to a benefits advisor from an office which does not serve the area from which you are calling (press 3)
    *   *   *   *   *
    Sincerely,
    AICPA Employee Benefit Plan Audit Quality Center
     

     
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