AICPA & CIMA Employee Benefit Plans Conference 2021

May 3, 2021 ‐ May 5, 2021


Combine the benefits of learning leadership skills along with understanding the key opportunities and issues within employee benefit plans and experience the Employee Benefit Plans Conference live Online.


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Packages Display Packages

This includes sessions from the conference: AICPA & CIMA Employee Benefit Plans Conference 2021

Sessions Included:

Part 1: Affiliated Service Groups/Controlled Groups - Why do I need to know? (May 03, 2021 10:50 AM)

Fiduciary Governance in a Cyber Environment (May 03, 2021 01:05 PM)

Understanding the Tangled Web of Compensation and How It Can Impact Your Retirement Plan (May 03, 2021 01:05 PM)

Certifications: A Deeper Dive: Not as Shallow as you Think (May 03, 2021 01:05 PM)

Understanding Plan Documents (May 03, 2021 01:05 PM)

Planning & Risk Assessment: Part I (May 03, 2021 02:45 PM)

Planning & Risk Assessment: Part II (May 04, 2021 07:00 AM)

Fringe Benefits - What's Taxable and What's Not - And how to correct the mistakes (May 04, 2021 09:40 AM)

Contributions and Participant Data - Part 1 (May 04, 2021 09:40 AM)

Are 401(k) Plans for a Cannabis Business Legal? They are. Learn why. (May 04, 2021 11:10 AM)

A&A Update (May 04, 2021 11:10 AM)

401(k) Compliance Testing - Compliance Testing on Steroids (May 04, 2021 11:10 AM)

Contributions and Participant Data - Part 2 (May 04, 2021 11:10 AM)

Demystifying Employee Stock Ownership Plans (May 04, 2021 01:00 PM)

Data Analytics in EBPs and Beyond (May 04, 2021 01:00 PM)

Everything You Ought to Know About Distributions and Plan Expenses (May 04, 2021 01:00 PM)

Common Investments in Employee Benefit Plans (May 05, 2021 07:00 AM)

Part 3: Advanced Compliance Testing - How Plan Design Can Cause Unintended Headaches (May 05, 2021 10:00 AM)

SAS 136 Update (May 05, 2021 10:00 AM)

Financial Reporting Bloopers (May 03, 2021 10:50 AM)

Financial Reporting and Wrap Up (May 05, 2021 08:30 AM)

Hit the Jackpot: Improve Audit Efficiency With Effective Project Management (May 04, 2021 07:00 AM)

Documentation Best Practices - What You Think You Know or Should Know (May 03, 2021 02:45 PM)

Alphabet Soup of Health Plans (May 04, 2021 01:00 PM)

Form 5500 from the Eyes of an Auditor (May 04, 2021 07:00 AM)

Successful Strategies for How to Get Money Out of a Plan (May 05, 2021 08:30 AM)

Secure & Cares Act Update-Audit Perspective (May 04, 2021 11:10 AM)

Advanced Coverage Testing (May 03, 2021 01:05 PM)

Top 10 ERISA Compliance Traps (May 04, 2021 07:00 AM)

Creative Ways to Design Retirement Plans (May 03, 2021 10:50 AM)

Understanding Actuarial Reports, Valuations and Assumptions (May 05, 2021 08:30 AM)

Multiemployer Plans - Annual Update and Considerations (May 05, 2021 08:30 AM)

Current audit considerations for multiple-employer plans (May 05, 2021 07:00 AM)

Common Operational Errors - Auditor Considerations (May 03, 2021 02:45 PM)

Best Practices for Auditing in an Electronic Environment (May 04, 2021 09:40 AM)

Welcome & Introduction | EBPAQC Update: What's New and on the Horizon (Apr 28, 2021 08:00 AM)

Welcome & Introduction | Beyond the Audit: AICPA Resources That Give You the Upper Hand (Apr 28, 2021 08:00 AM)

Intersecting with Bias (Apr 28, 2021 10:10 AM)

Form 990 for Health & Welfare Plans (May 03, 2021 02:45 PM)

Overview of Unrelated Business Income for Benefit Plans (May 04, 2021 01:00 PM)

Overview of Form 990-T and Form K-1 (May 05, 2021 08:30 AM)

Leaders Share Their Secrets to Success (May 05, 2021 07:00 AM)

Uncovering Opportunities to Boost Quality and Efficiency in your EBP Audits - Presented by CPA.Com (Apr 28, 2021 09:10 AM)

How to Recognize an ERISA Prohibited Transaction When You See One (May 05, 2021 10:00 AM)

Standard: $459.00

Sessions

Welcome & Introduction | EBPAQC Update: What's New and on the Horizon

Apr 28, 2021 8:00am ‐ Apr 28, 2021 9:00am

Identification: EBP21201

This session will help you make the most of the EBPAQC tools and resources and perform efficient and effective EBP audits.

Learning Objectives:
  • Select EBPAQC tools to perform efficient EBP audits.
  • Recall best practices to improve audit quality.
Speaker(s):
  • Ian A. MacKay, CPA, CGMA, Director, Association of International Certified Professional Accountants
  • Susan W. Hicks, CPA, Senior Manager – Employee Benefit Plan Audit Quality Center—Public Accounting, AICPA
  • Deborah Smith, CPA, Partner, Grant Thornton LLP
  • Melinda Nolen, CPA, Manager, Employee Benefit Plan Audit Quality Center, AICPA
Category: Concurrent Session Online
Standard: $49.00

Welcome & Introduction | Beyond the Audit: AICPA Resources That Give You the Upper Hand

Apr 28, 2021 8:00am ‐ Apr 28, 2021 9:00am

Identification: EBP21202

The AICPA has a wealth of resources for many aspects of ERISA and retirement planning. AICPA staff and members will review these resources to give participants familiarity with what they can offer for a vibrant ERISA practice or to plan sponsors for use by internal accounting or human resources staff – or even plan participants.

Learning Objectives:
  • Identify tools from the AICPA Tax Technical Resource Panel
  • Recall tax advocacy initiatives
  • Identify AICPA Tax Section tools
Speaker(s):
Category: Concurrent Session Online
Standard: $49.00

Peer Review Part IPeer Review Part I

Preview Available

Peer Review Part I

Apr 28, 2021 9:10am ‐ Apr 28, 2021 10:00am

Identification: EBP21203



Note for Peer Reviewers: You must attend both sessions to satisfy your annual EBP must-select training requirement.

This session will address new and recent changes to guidance related to peer reviews of employee benefit plan (EBP) audit engagements. For peer reviewers, attendance of both parts I and II will satisfy the annual peer review must-select training requirement to review EBP engagements.

This session is designed to be interactive with discussion of specific issues related to conducting reviews, using the EBP checklist, and real-life EBP audit findings. This presentation is primarily designed for peer reviewers; however these sessions will help subject matter experts gain insight to the peer review process and the benefits of serving as a team member in peer reviews.

Presenters will provide:

  • Insights regarding challenges faced by peer reviewers and auditors during times of uncertainty resulting from the COVID-19 pandemic
  • Updates about recent or upcoming changes to professional standards applicable to EBP audit engagements
  • An overview of recent changes to the Peer Review Employee Benefit Plan Audit Engagement Checklist, including considerations related to bolded questions.

Learning Objectives:
  • Analyze risk factors of employee benefit plan engagements such as changes in the economic environment, risks of material misstatement, internal control and financial statement presentation and disclosure considerations
  • Differentiate reporting requirements and effective dates for existing and newly issued professional standards impacting audits of employee benefit plans
  • Identify recent changes to the peer review checklist for employee benefit plan audit engagements
Speaker(s):
  • Marilee P. Lau, CPA, Marilee Lau, CPA, Retired KPMG Partner
  • Randy M. Dummer, CPA, Partner, Henderson, Hutcherson & McCullough, PLLC/Chattanooga, TN
  • Marcus J. Aron, CPA, Acting Chief, Division of Accounting Services, U.S. Department of Labor
Category: Concurrent Session Online
Standard: $49.00

Uncovering Opportunities to Boost Quality and Efficiency in your EBP Audits - Presented by CPA.Com

Apr 28, 2021 9:10am ‐ Apr 28, 2021 10:00am

Identification: EBP21204

Managing an EBP practice today can be challenging when it comes to implementing new standards, managing client collaboration and evolving technology. Join us as we examine the challenges firms face in their typical approach to ensure quality EBP audits. We'll discuss opportunities that might be quick wins in helping you drive more efficient, high quality engagements.

Learning Objectives:
  • Identify common places where firms struggle in their EBP practice (and causes)
  • Discover opportunities to improve quality, efficiency and value in your EBP practice
  • Determine technology's role in increasing EBP audit effectiveness
Speaker(s):
Category: Concurrent Session Online
Standard: $49.00

Peer Review Part IIPeer Review Part II

Preview Available

Peer Review Part II

Apr 28, 2021 10:10am ‐ Apr 28, 2021 11:25am

Identification: EBP21205


Note for Peer Reviewers: You must attend both sessions to satisfy your annual EBP must-select training requirement.

This session will address new and recent changes to guidance related to peer reviews of employee benefit plan (EBP) audit engagements. For peer reviewers, attendance of both parts I and II will satisfy the annual peer review must-select training requirement to review EBP engagements.

This session is designed to be interactive with discussion of specific issues related to conducting reviews, using the EBP checklist, and real-life EBP audit findings. This presentation is primarily designed for peer reviewers; however these sessions will help subject matter experts gain insight to the peer review process and the benefits of serving as a team member in peer reviews.

Presenters will provide:

  • Insights regarding challenges faced by peer reviewers and auditors during times of uncertainty resulting from the COVID-19 pandemic
  • Updates about recent or upcoming changes to professional standards applicable to EBP audit engagements
  • An overview of recent changes to the Peer Review Employee Benefit Plan Audit Engagement Checklist, including considerations related to bolded questions.

Learning Objectives:
  • Analyze risk factors of employee benefit plan engagements such as changes in the economic environment, risks of material misstatement, internal control and financial statement presentation and disclosure considerations
  • Differentiate reporting requirements and effective dates for existing and newly issued professional standards impacting audits of employee benefit plans
  • Identify recent changes to the peer review checklist for employee benefit plan audit engagements
Speaker(s):
  • Marilee P. Lau, CPA, Marilee Lau, CPA, Retired KPMG Partner
  • Randy M. Dummer, CPA, Partner, Henderson, Hutcherson & McCullough, PLLC/Chattanooga, TN
  • Marcus J. Aron, CPA, Acting Chief, Division of Accounting Services, U.S. Department of Labor
Category: Concurrent Session Online
Standard: $49.00

Intersecting with BiasIntersecting with Bias

Preview Available

Intersecting with Bias

Apr 28, 2021 10:10am ‐ Apr 28, 2021 11:25am

Identification: EBP21206

Unconscious bias is prevalent in our culture and can make its way into firms and affect how we interact with clients. During this session, we will go through interactive exercises, exploring unconscious biases and discovering how bias influences functions within your business. Using the Mentimeter platform, we will look at anonymous polling from you, the audience, to tie the impact bias concepts to real-life examples in an honest and transparent way.

Learning Objectives:
  • Define common terms about unconscious bias
  • Recognize biases and assumptions and their impact on decisions and outcomes
  • Commit to a personal goal of addressing unconscious bias within your sphere of influence
Speaker(s):
Category: Concurrent Session Online
Standard: $49.00

Showcase - Suralink - Simplifying the PBC process for EBP teams and their clients

May 3, 2021 10:25am ‐ May 3, 2021 10:50am

Identification: EBP21ES01


Showcase - AICPA Member Insurance Programs

May 3, 2021 10:25am ‐ May 3, 2021 10:50am

Identification: EBP21ES02


Creative Ways to Design Retirement Plans

May 3, 2021 10:50am ‐ May 3, 2021 12:05pm

Identification: EBP2104

Retirement plans come in many shapes & sizes, each with a unique mix of features, requirements, and advantages & disadvantages. Choosing the type of plan and the basic features is the only first step in the plan design process. The creative part comes in tailoring the plan design to align with the needs of the company and is appreciated by employees as a valuable benefit.

This session will focus on tax-qualified plans and will address the different types of qualified plans, their features and how to take advantage of the options available to create the optimal plan, or combination of plans, for the client.

Learning Objectives:
  • Recognize the types of retirement plans and the features associated with each
  • Recall what considerations may be most important when selecting the optimal plan type & design features
  • Identify how to tailor retirement plans to best meet the needs of the plan sponsor and plan participants
Speaker(s):
  • Lorraine Dorsa, FCA, MAAA. MSPA. EA, CEBS, Principal & Actuary, Aegis Pension Services, Inc.
  • Mark D. Swedelson, CPA, QPA, Vice-President, Goldberg, Swedelson & Associates Inc.
Category: Concurrent Session Online
Standard: $49.00

Fiduciary Governance in a Cyber Environment

May 3, 2021 1:05pm ‐ May 3, 2021 2:20pm

Identification: EBP2108

This session will help auditors and plan sponsors understand the current legislative and regulatory environment dealing with cyber risk. The speakers will discuss appropriate prudence for fiduciaries and provide direct language to look for in contracts with providers. Highlights are as follows:

  1. Key insurance terminology and exclusion language to look for when observing or buying cyber insurance – both in general and for employee benefit plans.
  2. What auditors need to know about the current cyber risk environment for the plan and plan participants and how to best document the actions taken to prevent loss in current risk categories – learn how to self-assess your risk.
  3. The latest cyber cases that can impact plan sponsors and best practices to adopt to protect fiduciary risk.

Learning Objectives:
  • Identify key insurance terminology and exclusion language to look for when observing or buying cyber insurance – both in general and for employee benefit plans.
  • Recognize how to self-assess your risk- what auditors need to know about the current cyber risk environment for the plan and plan participants and how to best document the actions taken to prevent loss in current risk categories.
  • Identify the latest cyber cases that can impact plan sponsors and best practices to adopt to protect fiduciary risk.
Speaker(s):
Category: Concurrent Session Online
Standard: $49.00
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