SVSJ ERISA Group: Common Issues and Areas of Deficiencies Noted in the Audits of Benefit Plans | N2210715

Date :
July 17, 2015 8:30 AM - 10:30 AM
Location :
San Jose Area
Facility :
Abbott Stringham & Lynch
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Level of Difficulty :
CPE Credits :
CPE 2.00, AA 2.00
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Do you need help or information regarding current issues with benefit plan audits?

In this session, we will continue and expand our discussion of Current Accounting and Auditing Issues in Employee Benefit Plan Audits & What the DOL looks for in a 401(k) Plan Audit. Please note: This is new material and not a repeat of what was covered at the June 12 meeting.

We will review key 401(k) areas which the DOL/IRS focus on when  they audit plans. This presentation will help educate CPAs on high-risk areas in a 401(k) plan and highlight steps they can take to do a better audit thereby benefiting their client.

Deepa Bhat, CPA, Senior Audit Manager with Abbott Stringham & Lynch and George Pinto, CPA, partner with Silicon Valley Accountancy Corp. will provide an update on Accounting and Auditing issues and 2015 changes.


  • Gain an understanding of current issues related to employee benefit plan audits.
  • Learn about current audit & accounting issues and problem areas related to employee benefit plan audits.
  • Understand how to deal with a DOL audit and the current significant deficiencies in plan audits according to the DOL.

Major Subjects:

  • Accounting and Auditing Guide of ERISA Plans
  • 2015 changes per the Audit Guide and Audit Risk Alert for employee benefit plans

Advanced Prep:


Misc. Information:

Please use available street parking. There is additional parking available at First Congregation Church of San Jose; 1980 Hamilton Ave.
Level of Difficulty:
Field of Interest:
Designed For:
CPAs and professional staff providing employee benefit plan audit and accounting services, benefit plan administrators, and employees of companies with responsibility for accounting and reporting for benefit plans


Deepa Bhat, CPA
Deepa is the in-charge Principal of the ASL Assurance Group at Abbott, Stringham and Lynch (ASL) and serves privately held clients in the technology, international and construction industries. Deepa also heads the employee benefit plan practice and the Construction Group at ASL. Deepa Bhat is a board member of CalCPA's Silicon Valley San Jose Chapter as well as co-chair of the ERISA Committee. She is well versed in employee benefit plan audits. Deepa was awarded the CalCPA Women to Watch: Emerging Leader Award in 2016. Deepa has a Master of Commerce in Accounting and a Bachelor of Commerce in Accounting and Tax from the University of Mumbai, India. She holds a Master of Arts in Economics from Rutgers University, and is a Certified Construction Industry Technician (CIT) and a Certified Fraud Examiner (CFE).
George Pinto, CPA
George Pinto, CPA, CGMA, has been in the accounting profession since 1985. He began his career with the international accounting firm, Deloitte, Haskins & Sells. A resident of Silicon Valley since 1980, he co-founded Silicon Valley Accountancy Corporation and manages the accounting and auditing side of the firm, primarily conducting ERISA audits. Mr. Pinto has taught the 401(k) audit class to CPAs through the AICPA and the CalCPA Education Foundation. He is co-chair of the ERISA committee for the Silicon Valley Chapter of CalCPA.
No Agenda or Materials posted.