Limited Period Access to myCPE Prime Unlimited CPE Access starting at $199. Subscribe Now

Retirement Plan Audits

  • Accountant
  • CRMA
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • QIAL
  • CWS

Published: July, 2022

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description


  • Why is an audit required?
    5 mins
  • The auditing process
    13 mins
  • Contribution testing
    26 mins
  • Distribution testing
    36 mins
  • Other procedures
    45 mins

Course Description

Not all audits are the same.

This is especially true for retirement plan audits. Retirement plans come in many forms, utilize different structures and provisions, and are regulated under two legislative bodies - the Internal Revenue Code and Employee Retirement Income Security Act. 

Regulation is constantly changing and accounting and auditing standards have recently undergone major changes.  Auditors have to ensure that they understand the accounting and auditing standards, complex compliance standards and legislation, and structures of retirement plans to ensure that the audit is performed in accordance with generally accepted auditing standards. 

Previous DOL Audit Quality Studies have uncovered continuing deficiencies with these audits. An auditor must perform this work adequately because if an audit is considered deficient a retirement plan’s 5500 can be rejected and the plan sponsor will need to have the audit re-performed costing the plan sponsor thousands. Therefore, it is important to understand the risks associated with retirement plan audits and how to perform a compliant audit. 

This CPE Auditing course will cover the audit from beginning to end focusing on important items that the auditor should consider.  

Learning Objectives

  • To discuss the key parties that administer retirement plans.
  • To analyze the important documents of the plan needed to perform the audit.
  • To inspect the retirement plan specifics that affect the audit.
  • To discuss how to properly plan a retirement plan audit.
  • To discuss how to properly assess risks in retirement plans.
  • To analyze how to properly address noted risks in a retirement plan audit.
  • To identify common causes of deficient audits.
  • To inspect how to properly conclude the audit.
  • To explain the new SAS 136 standards applicable to retirement plan audits.
  • To explain the recent SECURE Act and CARES Act provisions.

Recommended For

  • Online CPE Webinar is recommended for CPAs, CMAs, CIAs, QIALs, IAPs, Internal Auditors, External Auditors, Compliance Officers, CFOs, and other professionals interested in upgrading their knowledge regarding Retirement Plan Audits.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Auditors
  • Certified Public Accountant (CPA)
  • CFO/Controller
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit for Accountant/Bookkeeper/Tax Professionals
  • 1 CPE Credit for Certification in Risk Management Assurance (CRMA)
  • 1 CPD Credit of Auditing for Certified Financial Forensics (CFF)
  • 1 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
  • 1 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 1 CPE Credit for Internal Audit Practitioner (IAP)
  • 1 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPE Credit for Certified Government Auditing Professional (CGAP)
  • 1 CPE Credit for Certified Government Financial Manager (CGFM)
  • 1 CPE Credit of Auditing for Certified Management Accountants (CMA)
  • 1 CPE Credit of Auditing for Certified Valuation Analyst (CVA)
  • 1 CPE Credit of Auditing for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)

Additional details

  • Course Level :
  • Credits :
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
  • Advance Preparation :


MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:


About Presenter

Chris Ciminera, CPA,QKA

Account Executive, Belfint, Lyons & Shuman, P.A.

Chris is a member of the firm’s Employee Benefit Plan niche in the accounting and auditing services department where he specializes in auditing employee benefit plans of for-profit, nonprofit, and governmental entities. Chris also specializes in Form 5500 preparation. When necessary, Chris helps clients navigate and prepare filings for corrections of plan errors or late filings through the Department of Labor (DOL) Voluntary Fiduciary Correction Program, Internal Revenue Service (IRS) Voluntary Correction Program, and DOL Delinquent Filer Voluntary Compliance Program.

Chris enjoys helping educate clients and others by regularly contributing to the niche’s blog – The Art of the Qualified Plan Audit. Chris’s blogs and articles have subsequently been published in the National Institute of Pension Administrators’ newsletter and the Society of Financial Service Professionals’ Qualified Plan newsletter. Chris was also used as a resource and quoted in the Plan Adviser Magazine article titled “Avoidance Strategies” on how advisers could help steer clear of common plan errors. He has presented on retirement plan audits to industry leaders within the American Society of Pension Professionals and Actuaries (ASPPA) Greater Philadelphia Chapter.

Chris prides himself on being attentive to client needs and providing exceptional service above and beyond that required of a regular plan auditor. Chris stays current on trends and issues by, among other avenues, regularly attending industry conferences through the ASPPA national and greater Philadelphia chapters and the American Institute of Certified Public Accountants (AICPA).

About Company

Belfint, Lyons & Shuman, P.A.

Delaware, Pennsylvania and beyond. Our advisors are experts in a wide range of practice areas and industries. Whether you need traditional accounting, tax planning, and preparation; estate and trust services; compliance support; a business valuation, bookkeeping assistance or other advisory services, we are here to help you plan for your financial future.

BLS is not a Big Four accounting firm, and we think that’s a good thing for our clients. While our level of expertise is just as strong, we are focused on our local community. We’ll meet with you in person, listen to your unique needs, and customize a plan that is perfectly suited for you.

We’re one of the largest and oldest accounting firm in Delaware and we are here to stay.

We work with a diverse range of clients:

- Privately held businesses, including family-owned businesses, medical practices, law firms, and more

- Nonprofit organizations

- Governmental agencies and authorities

- High-net-worth individuals

- International businesses and individuals

Services include:

- Advisory services – for small businesses, estates and trusts, and legal matters

- Audit and assurance

- Tax services – planning and compliance for U.S. and international entities and individuals

- Holding company services

Whatever your needs, you can count on BLS to provide first-class service with the utmost confidentiality. To learn more, please visit or contact us at


FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser ( it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here :
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link :
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review


262 Ratings



Very Good









Dan Anderson, CPA (US)

Feb 16th, 2022

Very timely for our non-profit. We are reaching the 120 threshold. Well delivered.


Tim Bradshaw, CPA (US)

Feb 16th, 2022

Liked instructor; Very knowledgeable and good session overall


Jessica Carlos, CIA

May 9th, 2022

very much enjoyed and learned a lot


Kelly Gray

Jul 15th, 2022

myCpe is fantastic!


Alfred Morrow, CPA (US)

Apr 7th, 2022

Wonderful webinar

We use cookies to make your experience on this website better