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Employee Benefit Plans Accounting, Auditing and Regulatory Update 2019
Includes 7 Sessions
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This includes sessions from the conference: Employee Benefit Plans Accounting, Auditing and Regulatory Update 2019

Sessions Included:

Welcome & Introduction | A Vision and Perspective from the AICPA Chief Auditor (Dec 09, 2019 12:30 PM)

A&A & Tax Update (Dec 09, 2019 01:35 PM)

New Auditing Standard Update (Dec 09, 2019 02:55 PM)

Regulatory Update (Dec 09, 2019 03:50 PM)

Work the Core: Don't Fail in Assessing Risk (Dec 10, 2019 01:35 PM)

Fraud Stories (Dec 10, 2019 02:55 PM)

Ask the Experts (Dec 10, 2019 03:50 PM)

Welcome & Introduction | A Vision and Perspective from the AICPA Chief Auditor iconWelcome & Introduction | A Vision and Perspective from the AICPA Chief Auditor

Welcome & Introduction | A Vision and Perspective from the AICPA Chief Auditor

Dec 9, 2019 12:30pm ‐ Dec 9, 2019 1:30pm

Identification: AAR1901

The audit and attestation standards are evolving…What you need to know for your EBP audit practice:

  • The current business environment impact on the AICPA's audit and attest standards development strategy
  • Management assertions- an effective starting point?
  • Meeting the challenges of obtaining reliable audit evidence
  • Data analytics- Are we there yet?
  • Creative and effective auditing approaches/virtual auditing
  • Cybersecurity and the financial statement audit

After attending this session, attendees will be able to:

Learning Objectives:
  • Understand how the current business environment impacts the AICPA’s audit and attest standards development strategy.
  • Understand how the challenges of today’s technology environment influences the auditor in performing quality EBP audits.
A&A & Tax Update iconA&A & Tax Update

A&A & Tax Update

Dec 9, 2019 1:35pm ‐ Dec 9, 2019 2:25pm

Identification: AAR1902

This session will provide an update of various accounting, auditing, and reporting matters affecting employee benefit plans. Our speakers will share their perspectives and experiences.
Learning Objectives:
  • Recall accounting and auditing issues that affected this year's audits of employee benefit plans
  • Recognize accounting and auditing considerations for upcoming audit season
  • Identify changes in tax regulations that affect EBPs now, and going forward
New Auditing Standard Update iconNew Auditing Standard Update

New Auditing Standard Update

Dec 9, 2019 2:55pm ‐ Dec 9, 2019 3:45pm

Identification: AAR1903

Learn about the new EBP reporting framework which addresses the auditor's responsibilities for forming an opinion and reporting on ERISA plan financial statements.
Learning Objectives:
  • Analyze the requirements of the new EBP reporting framework
  • Differentiate the new form and content of the EBP reports
  • Determine when it's appropriate to use the ERISA section 103(a)(3)(C) report
  • Determine next steps to implementation
Regulatory Update iconRegulatory Update

Regulatory Update

Dec 9, 2019 3:50pm ‐ Dec 9, 2019 4:40pm

Identification: AAR1904

What are the hot topics and major developments in employee benefits law – and how do they impact our clients?

This session will provide an overview of the significant regulatory developments and changes in 2019 affecting employee benefit plans, including, among others:

  • The Setting Every Community Up for Retirement Enhancement (“SECURE”) Act;
  • Updated procedures from the IRS regarding the Employee Plans Compliance Resolution System (“EPCRS”); and
  • Other guidance issued by either the DOL or IRS.

We will provide an update on the major laws and regulatory guidance that were issued or became effective in 2019, or that are set to take effect in 2020. We will explore the implications that these legal and regulatory changes have on our clients, including key dates and action items. We will also discuss best practices and planning opportunities for clients to ensure compliance in this ever-changing legal landscape and discuss practical solutions to common non-compliance issues.

Learning Objectives:
  • Identify the major 2019 and upcoming changes to the rules governing employee benefit plans
  • Determine what steps must be taken by clients to comply with these laws
  • Determine best practices, planning opportunities, and practical considerations for addressing both current and future expected regulatory changes
Work the Core: Don't Fail in Assessing Risk iconWork the Core: Don't Fail in Assessing Risk

Work the Core: Don't Fail in Assessing Risk

Dec 10, 2019 1:35pm ‐ Dec 10, 2019 2:25pm

Identification: AAR1906

Partners, are you starting your audit off properly? Most practitioners answer, "yes." However, more than a decade after the risk assessment standards were issued, the AICPA Peer Review team found that more than half of all firms fail to comply with AU-C Section 315 or 330. At the core of every audit are the goals of identifying, assessing, and responding to risks of material misstatement. Ensure your EBP audits comply with risk assessment standards. The discussion will include misconceptions commonly held by senior-level practitioners and how to avoid common missteps.
Learning Objectives:
  • Identify common areas of non-compliance found by AICPA Peer Review team
  • Interpret requirements of AU-C Sections 315 and 330 that are being misapplied
  • Assess practical application of the standards in EBP audits
Fraud Stories iconFraud Stories

Fraud Stories

Dec 10, 2019 2:55pm ‐ Dec 10, 2019 3:45pm

Identification: AAR1907

Starting with opening a case to preparing for trial, you will learn how employee benefit fraud cases are investigated by a government agency. The course is taught by an attorney and a former senior investigator from the U.S. Department of Labor - Employee Benefits Security Administration. The presentation includes actual cases and techniques in the investigative process.
Learning Objectives:
  • Learning about real-life fraud schemes involving employee benefit plans
  • Understanding the DOL's investigative process, as told by a former DOL investigator
  • Techniques to detect fraud in common ERISA plan documents
Ask the Experts iconAsk the Experts

Ask the Experts

Dec 10, 2019 3:50pm ‐ Dec 10, 2019 4:40pm

Identification: AAR1908

Bring your specific questions for our panel of speakers as they strive to deal with emerging issues and current service opportunities in terms that are practical and helpful.
Learning Objectives:
  • Identify emerging issues in EBPs.
  • Indicate which emerging issues affect your clients and how you can best serve them as their EBP practitioner.