WP&BC Portland Chapter Recorded Webinar 

Changing Audit Standards for Employee Benefit Plan Audits 

Rachel Cummings, CPA, Moss Adams LLP
Theresa Coluccio, CPA, Moss Adams LLP

Recorded on Thursday, January 27, 2022

As Statement on Auditing Standards (SAS) No. 136 takes effect, you might be wondering how the new standard will change the audit of employee benefit plans (EBP). Join us for a webcast to discuss the changes to EBP audits starting with 2021 year-ends. Rachel Cummings and Theresa Coluccio will share insight into what to expect as we implement Employee Retirement Income Security Act (ERISA) Section 103(a)(3)(C) audits, and how they differ from limited scope audits. Benefit plan professionals will also answer questions, address concerns, and expand on key topics, such as:

• Effects of new ERISA Section 103(a)(3)(C) audits on audit reports
  
  
• Changes to communications to those charged with governance
  
  
• Additional procedures unique to EBP audits for ERISA Section 103(a)(3)(C) audits, versus limited scope audits

Rachel Cummings, CPA, Senior Manager for Moss Adams LLP

Rachel has practiced public accounting since 2008. She provides assurance services for a variety of benefit plans including defined contribution plans, defined benefit plans, employee stock ownership plans, and health and welfare plans. Rachel also participates in audits and reviews of health care organizations including coordinated care organizations, hospitals, independent physician organizations, group medical practices, and long-term care facilities. Rachel leads her teams in conducting and performing audits efficiently and effectively, including client recommendations for improved internal controls and efficiencies.

Theresa Coluccio, CPA, Senior Manager for Moss Adams LLP 

Theresa has practiced public accounting since 1996. She has extensive experience working on a variety of benefit plans, recurring audit, and SOC 1 review engagements. Her expertise includes defined contribution (401(k) and 403(b)), defined benefit, and health and welfare plans. She audits over 40 employee benefit plans annually, including 11-K filings.