Randy Dummer, CPA is a Partner with HHM in the accounting and audit area, joining the firm in 2011. He is the engagement partner on several employee benefit plan audits at HHM, as well as for automobile dealerships, manufacturers, not-for-profit organizations and other commercial businesses. He also performs numerous peer reviews and serves on the East Tennessee Review Acceptable Board and the Tennessee Peer Review Committee.
He was previously the firm wide leader for the employee benefit plan audit practice at Baker Tilly Virchow Krause, LLP in Appleton, Wisconsin. The practice consisted of approximately 700 engagements performed by personnel in eight different offices. In this role, Randy developed and taught the firms internal training annually for their benefit plan audit staff, updated tools and templates, and served as the primary technical resource for employee benefit plan audit issues. He has extensive experience with audits of employee benefit plans, as well as not-for-profit organizations, and commercial businesses. He has been teaching seminars for the AICPA since 2003. Randy is a 2012-13 recipient of the AICPA Outstanding Instructor Award.
John received his B.S. and MBA from Auburn University, MS (Statistics) from University of Texas and his JD from the University of Alabama.
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Employee benefit plan (EBP) audit engagements continue to be scrutinized by
regulators and peer reviewers due to history of noncompliance with applicable
professional standards. Auditors require proper skills to perform EBP
engagements effectively. You will work through the plan audit process from client
acceptance/continuance through engagement archive. As the most common type
of plans audited, you will take a deep dive into defined contribution plans to
comply with professional standards, ERISA and SEC requirements. You will also
obtain an awareness of additional considerations when auditing defined benefit
pension plans and health and welfare benefit plans. Tap into ways to plan and
conduct effective risk-based plan audits to comply with professional standards
while maximizing efficiency.
When you complete this course you will be able to:
Recognize the auditing requirements for EBP audits to comply with
applicable professional standards and regulator expectations.
Identify accounting requirements unique to employee benefit plans
Identify efficient ways to plan and conduct an effective risk-based EBP
Recognize new auditing, accounting and regulatory developments
impacting EBP audits, including SAS No. 136.
Distinguish applicable auditing standards based upon implementation of
SAS Nos. 134-140.
Background of ERISA plan audits
GAAP vs. ERISA reporting requirements
Audit planning and pre-engagement activities
Risk assessment, including consideration of internal control
Auditing the statement of net assets available for benefits
Auditing the statement of changes in net assets available for benefits
Other auditing considerations, including prohibited transactions and tax
The auditor's report
Financial statement disclosures
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