EBPAQC Alert No. 246 


    AICPA
     
    EBP Audit Resources; Member Forum Contest; Member Dues
           
      AICPA
    May 16, 2011
    EBPAQC Alert No. #246
     
     
    In This Alert
       
    Audit Resources
    Technical Assistance
    DOL EBSA Web Site and EFAST 2 Contact Center
    Member Forum Contest
    Member Dues
    Additional Resources
       
    EAlerts (archived)
    Live Forum webinars (archived)
    Resource Centers
    Tools
    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
     

    As a member of the Employee Benefit Plan Audit Quality Center you have access to many valuable resources and tools to help you with your EBP audits. These include the EBPAQC web site, EAlerts, Live Forum CPE Webinar Events, Online Member-to-Member Discussion Forum, Resource Centers, Plan Advisories, Topix Primers and much more.

    Audit Resources
    The EBPAQC web site includes various resources and tools, including over 245 archived EAlerts, over 35 archived member webinars and conference calls, 13 resource centers, checklists, articles, and other tools. Click here for a summary of the various tools and resources you can find on the EBPAQC website. The Center has also prepared the Common EBP Audit Deficiencies that summarizes the most common audit deficiencies found in EBP audits by the Department of Labor and the AICPA Peer Review program. This document is intended to help EBP audit practitioners be alert to these areas and be aware of the related key audit issues.
    Technical Assistance
    If you need to research a technical 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—2011, and the other EBPAQC and AICPA resources.

    The EBPAQC Online Member-to-Member 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.

    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

    For AICPA ethics or independence issues access the AICPA Professional Ethics Hotline by calling (888) 777-7077, menu option #5, followed by menu option #2, or e-mail at ethics@aicpa.org.
     
    DOL EBSA Web site and EFAST 2 Contact Center Support System
    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.

    For questions regarding the Form 5500 or related schedules, you can call the DOL EFAST 2 Contact Center Support System at 1-866-463-3278.
     
    Member-to-Member Online Forum Contest
    Check out the EBPAQC Member-to-Member Online Forum and find out what the current member "buzz" is in EBP auditing. The Forum is easy to use and can provide you with a wealth of information and the opportunity to share best practices and discuss issues with other member firms. Use the EBPAQC Online Forum by July 31, 2011 for a chance to win a free EBP Conference registration or a $200 gift certificate! See details below.

    Click here to enter the Forum

    The Forum has over 3,000 registered users and over 1,900 topics in the following seven areas:
      Audit
      403(b) Plan Audits
      ASC 820 (FAS 157 Fair Value Measurement)
      Form 5500 Reporting
      Tax and Compliance
      Multiemployer Plans
      Form 11-Ks
    You can search for specific topics by clicking on "Search" located at the top right-hand corner of the Forum webpage.

    If you participate on the EBPAQC Forum by July 31st you will be entered in a drawing for a chance to win two exciting prizes:
      Help a member by responding to a member posting on the Center Member-to-Member Forum and you will be automatically entered for a chance to win a free registration for the December 12-13, 2011 AICPA Employee Benefit Plans Accounting, Auditing and Regulatory Update Conference in Washington, D.C.
      Post a new discussion topic on the Forum and you will be automatically entered to win a $200 gift card.
     
    Participation in the EBPAQC Member-to-Member Forum this EBP audit season can help keep you informed of the latest employee benefit plan practice issues. The Forum is available exclusively to EBPAQC firm members to network; exchange information, share best practices, and discuss issues with other member firms.

    Center members are encouraged to regularly visit the forum to learn what other members are "talking" about and share your views, experiences and questions to help build a support group among peers that you can call on when you encounter problems with your EBP audits. The forum works best when people share information.

    Thank you to all who have responded to postings and helped other members in the Forum!
     
    Center Membership Dues
    Effective August 1, 2011, membership dues for the AICPA Audit Quality Centers will increase. This is the first dues adjustment since the Centers were established in 2004. Dues will continue to be based on the number of CPAs in the firm, and assessed annually as of the firm's enrollment anniversary date.

    Annual dues will be $175 for firms with fewer than 10 CPAs; $275 for firms with between 10 and 49 CPAs; $550 for firms with between 50 and 99 CPAs; $1,650 for firms with between 100 and 499 CPAs; and $5,500 for firms between 500 and 3,000 CPAs.
    *   *   *   *   *
    Sincerely,
    AICPA Employee Benefit Plan Audit Quality Center
     

     
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