Internal IRA Auditing Techniques Recorded Webinar

With the news that the IRS has increased its auditing of IRAs, it is now even more important that internal auditing procedures are
employed. Historically, regulators do not generally examine IRAs
from an IRS compliance viewpoint. This webinar walks you
through a recommended path for compliance, and the ability to
prove compliance, the ultimate test. Helpful hints, procedures
and check-lists are part of this presentation.

These procedures should be an important function within your financial institution. Historically, regulators do not generally examine IRAs, at least from the standpoint of IRS Compliance. This webinar will walk you through a recommended path for compliance, AND THE ABILITY TO PROVE COMPLIANCE. All facets of IRAs will be reviewed from the compliance perspective, including:


Compliance with the Plan Agreement and Disclosure Rules
Importance of Complying Beneficiary Designations
Requirement of Financial Disclosure and Projection
Proof Needed for Required IRA Amendments of Plan Agreements and Disclosures
IRS IRA Audit vs. IRS IRA Survey
How to be Prepared for IRS IRA Audit - What They Will Review ?
How should IRA Contributions be Documented ?
Can the IRA Custodian/Trustee Prove Form 5498 Compliance ?
What Documentation is Required for IRA Distribution
What Documentation is Needed for the Different IRS Reporting Codes ?
Can the IRA Custodian/Trustee Prove Form 1099-R Compliance ?
Will Your Record Retention Procedure be Adequate ?
Checklists to Help Administer IRA Audits