2022 AICPA & CIMA Employee Benefit Plans Conference

May 10, 2022 ‐ May 12, 2022



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Packages Display Packages

This includes sessions from the conference: 2022 AICPA & CIMA Employee Benefit Plans Conference

Sessions Included:

Compensation & Benefits Foundations (May 10, 2022 11:05 AM)

A&A Update (May 11, 2022 11:15 AM)

ESOP Overview (May 10, 2022 11:05 AM)

Lessons Learned from Peer Review (May 10, 2022 11:05 AM)

Basics of Employer-Provided Healthcare & Fringe Benefits (May 10, 2022 01:20 PM)

New EBP Audit Standard (AU-C Section 703) Part I (May 10, 2022 11:05 AM)

Nondiscriminatory & Compliance Testing - What Auditors Need to Know (May 10, 2022 01:20 PM)

UBIT - Definitions, Investment Pros & Cons, Reporting (Employee Benefit Plan Related) (May 10, 2022 01:20 PM)

Understanding Plan Documents (May 10, 2022 01:20 PM)

A Fiduciary Roundtable (May 11, 2022 08:00 AM)

Health and Welfare Claims Testing (May 10, 2022 03:00 PM)

Planning and Risk Assessment: Part I (May 10, 2022 03:00 PM)

Benefit Conundrums & Sticky Wickits Deliberated (May 10, 2022 04:05 PM)

Digging Into the Definition of Compensation for Auditors + 414(s) (May 10, 2022 04:05 PM)

Planning and Risk Assessment: Part II (May 10, 2022 04:05 PM)

403(b) Plans Basic to Intermediate (May 11, 2022 08:00 AM)

Qualified Plan Issues in Transactions (May 10, 2022 03:00 PM)

Financial Statement Hiccups (May 11, 2022 08:00 AM)

Tax (free) Resources and AICPA Tax Resources (May 11, 2022 08:00 AM)

ACA - Where Are We Today? (May 11, 2022 09:00 AM)

ESG (May 11, 2022 09:00 AM)

Contributions and Participant Data: Part I (May 11, 2022 09:00 AM)

Qualified and Non-Qualified Deferred Compensation Deductions (May 11, 2022 10:15 AM)

Contributions and Participant Data: Part II (May 11, 2022 10:15 AM)

New EBP Audit Standard (AU-C Section 703) Part II (May 10, 2022 01:20 PM)

Equity Compensation Basics (May 11, 2022 11:15 AM)

Career Pathways for an EB Tax Consultant (May 11, 2022 11:15 AM)

Everything You Ought to Know About Distributions and Plans Expenses (May 11, 2022 11:15 AM)

Cybersecurity Insecurity (May 11, 2022 03:10 PM)

ESOP Audit and Accounting Nuances (May 12, 2022 09:30 AM)

Operation Errors: Corrections and Impact to Reporting and Communications (May 11, 2022 03:10 PM)

MEPS, PEPS, and MEWA (May 11, 2022 03:10 PM)

Common Investments in Employee Benefit Plan Plans (May 11, 2022 03:10 PM)

Multi-employer Plans Annual Update and Considerations (May 12, 2022 08:00 AM)

Prohibited Transactions and Other Out-of-the-Ordinary Audit Findings (May 12, 2022 08:00 AM)

Best Practices in Project Management (May 12, 2022 08:00 AM)

Financial Reporting and Wrap-Up (May 12, 2022 08:00 AM)

Equity Compensation Advanced (May 12, 2022 09:30 AM)

Asking for a Friend (May 12, 2022 09:30 AM)

3D Matters: The Intersection of Divorce, Death, and (Plan) Distributions (May 10, 2022 03:00 PM)

Auditing Alternative Investments (May 11, 2022 09:00 AM)

Efficient, high quality employee benefit plan audits in the cloud - presented by cpa.com (May 11, 2022 07:00 AM)

The Not-So-Hidden Costs of EBP Audits by Autire Technologies LLC (May 12, 2022 07:00 AM)

Adding Value to Ret. Plan Audits Benchmarking Trends -by Ashford Investment Advisors (May 11, 2022 07:00 AM)

Art of Possibilities - Leveraging Data Analytics in Audits and Fraud Detection, Presented by TIAA (May 12, 2022 07:00 AM)

New EBP Audit Standard (AU-C Section 703) Part I (REPLAY) (May 11, 2022 06:00 PM)

Standard: $459.00

Sessions

Complex Testing/Consulting in Employee Benefits

May 9, 2022 3:00pm ‐ May 9, 2022 5:00pm

Identification: EBP22003

In this session we will consider the consulting opportunities that arise when reviewing a plan's non-discrimination testing; we'll explore why a plan will never fail testing; and we'll consider the Secure Act Closed Plan rules and what they mean for sponsors.

Learning Objectives:
  • Identify the consulting opportunities non-discrimination testing presents.
  • Determine the various options to pass non-discrimination testing.
Speaker(s):
Category: Pre-Conference Optional Workshop Additional Fee
Standard: $79.00

Compensation & Benefits Foundations

May 10, 2022 11:05am ‐ May 10, 2022 12:20pm

Identification: EBP2202

The session provides an overview of typical compensation types, including qualified retirement plans, bonuses, deferred compensation, and fringe benefits. We introduce participants to rules relating to employee income inclusion, employer tax deductions, and the timing of each. Through review and examples, participants will learn to identify tax compliance issues. We include a few very limited comments on book-tax differences. Because, generally, all clients have compensation & benefits , the session will help those who have not taken a compensation and benefits course to gain a general understanding of these items but may also be a good refresher for those who have not dealt with compensation & benefits issues recently.

Learning Objectives:
  • Recognize typical examples of employee compensation and benefits
  • Indicate differences in taxation timing for different types of benefits
  • Identify the general tax consequences of various benefits
Speaker(s):
Tags: TAX
Standard: $49.00

ESOP Overview iconESOP Overview

Preview Available

ESOP Overview

May 10, 2022 11:05am ‐ May 10, 2022 12:20pm

Identification: EBP2204

This course will provide an overview of employee stock ownership plans (ESOPs). Topics will include what is an ESOP, how it works differently than other qualified plans, and the differences for C vs S corporations with ESOPs. The course will not be specific with respect to audit procedures but will provide an understanding of the various cash and stock flows that occur with ESOPs with a focus on leveraged ESOPs.

Learning Objectives:
  • Determine why companies may sponsor an ESOP
  • Identify how an ESOP is structured
  • Differentiate what rules apply differently for an ESOP
Speaker(s):
Tags: TAX Audit
Standard: $49.00

Lessons Learned from Peer Review

May 10, 2022 11:05am ‐ May 10, 2022 12:20pm

Identification: EBP2205

This session will provide an overview of the peer review process ( including recent changes), identify key areas in peer review on which to focus to successfully navigate (and hopefully pass) your firm's review, and share lessons learned from "not so perfect" reviews.

Learning Objectives:
  • Formulate a better understanding of the peer review process
  • Predict from the mistakes of others to better prepare for your firm's review
  • Evaluate resources to assist with ongoing practice monitoring
Speaker(s):
Tags: Audit
Standard: $49.00

New EBP Audit Standard (AU-C Section 703) Part I

May 10, 2022 11:05am ‐ May 10, 2022 12:20pm

Identification: EBP2208

The session will provide an overview of planning and risk assessment considerations under AU-C Section 703.

Learning Objectives:
  • Use best practices when implementing specific aspects of AU-C Section 703, including engagement acceptance, engagement letters, management responsibilities
  • Identify opportunities for educating plan sponsors and audit staff
  • Apply relevant plan provisions and linkage to audit response
Speaker(s):
Tags: Audit
Standard: $49.00

Basics of Employer-Provided Healthcare & Fringe Benefits

May 10, 2022 1:20pm ‐ May 10, 2022 2:35pm

Identification: EBP2207

From the ACA to ERISA to HIPAA and the Mental Health Parity and Addiction Equity (MHPAE) Act, this session will provide an introduction to the tax and regulatory structure of employer-sponsored group health and fringe benefit plans.

Learning Objectives:
  • Recall the key federal laws governing group health and fringe benefit plans.
  • Identify the basic federal tax and regulatory structure for these benefits.
Speaker(s):
Tags: TAX
Standard: $49.00

Nondiscriminatory & Compliance Testing - What Auditors Need to Know

May 10, 2022 1:20pm ‐ May 10, 2022 2:35pm

Identification: EBP2209

This session will provide an overview of the key compliance tests for benefit plans. We will cover the auditor’s responsibility related to the testing and impact on the audit. Additionally, we will discuss the impact of common testing failures on the audited financial statements. After attending this session, attendees will be positioned to:

Learning Objectives:
  • Identify common compliance tests
  • Distinguish the types of compliance tests required for different plan types
  • Recognize the impact of common testing failures on the plan audit
Speaker(s):
Tags: TAX Audit
Standard: $49.00

UBIT - Definitions, Investment Pros & Cons, Reporting (Employee Benefit Plan Related)

May 10, 2022 1:20pm ‐ May 10, 2022 2:35pm

Identification: EBP2210

Like other tax-exempt entities, employee benefit plan trusts are subject to the unrelated business income (UBI) tax rules of IRC sections 511 through 514. This session will explore potential UBI from alternative investments, special rules for section 501(c)(9) VEBAs, and state income tax matters.

Learning Objectives:
  • Formulate an understanding of the basic concepts of unrelated business income including UBI generated by alternative investments.
  • Evaluate the challenges of state tax compliance.
Speaker(s):
Tags: TAX Audit
Standard: $49.00

Understanding Plan Documents iconUnderstanding Plan Documents

Preview Available

Understanding Plan Documents

May 10, 2022 1:20pm ‐ May 10, 2022 2:35pm

Identification: EBP2211

This session is part of the fundamentals track case study. This session will dive into understanding the plan documents, including identifying relevant plan provisions of the defined contribution case study, which is utilized for all of the fundamental track sessions.

Learning Objectives:
  • Identify the different types of plan document designs and common plan amendments
  • Recognize relevant plan provisions of the case study to consider risk assessment and develop audit procedures
  • Identify a practical example of the AICPA EBPAQC's Plan Document Tool to summarize the relevant plan provisions
Speaker(s):
Standard: $49.00

New EBP Audit Standard (AU-C Section 703) Part II

May 10, 2022 1:20pm ‐ May 10, 2022 2:35pm

Identification: EBP2237

The session will provide an overview of concluding and reporting considerations under AU-C Section 703.

Learning Objectives:
  • Identify elements of a substantially complete Form 5500
  • Select and communicate reportable findings
  • Determine the various circumstances impacting auditor’s reports
Speaker(s):
Tags: Audit
Standard: $49.00