This includes sessions from the conference: 2021 AICPA & CIMA | Employee Benefit Plans Accounting, Auditing and Regulatory Update
Retirement Legislative Update (Dec 06, 2021 12:30 PM)
Audit & Accounting Update Part 1: Current Year Considerations (Dec 06, 2021 01:40 PM)
Audit & Accounting Update Part 2: Q&A (Dec 06, 2021 04:00 PM)
Financial Statement Refresh (Dec 07, 2021 12:30 PM)
MEPs and PEPs (Dec 07, 2021 01:40 PM)
Cybersecurity and DOL Guidance for EBPs (Dec 07, 2021 03:00 PM)
The session will provide an update on new and pending legislation affecting retirement plan, including recent pension funding changes and SECURE 2.0. It will also cover regulatory initiatives affecting retirement plan investing, proxy voting, and investment advice
The session will provide participants with an overview of the recently issued accounting and auditing standards, with a focus on SAS 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA. The course will also discuss the new multi-employer chapter in the EBP guide and ASC 606 applicability to EBPs.Learning Objectives:
Question and Answer session related to SAS 136 implementation.Learning Objective:
SAS 136 means that we will need to change our auditors' report. This is also a great opportunity to revisit financial statements and ensure that they are up to date with fair value standards and other relevant standards that impact reporting. We will drill down into key areas that are critical to have in reporting and discuss some of the main challenges within those areas.
Party in interest/related party, fv disclosures, FBRICs, tax status-as examplesLearning Objectives:
Update on the new PEPs (Secure Act) - consideration of Form 5500 filings, Audit requirements, etc.
PEP plans and foreseeable audit issues - how to handle; what guidance is available, any tools etc.
Thomas Shola, AVP IT Cyber Security Officer with John Hancock Retirement, is responsible for the development, execution and oversight of all GWAM’s (Global Wealth Asset Management) IT risk management and information security activities, with an emphasis on cyber security and continuous improvement of the technical aspects of risk management and security. Thom will provide an overview of the current challenges, industry trends, and best practices for plan sponsors and retirement professionals to follow regarding protecting plan assets, data, and retirement participant’s accounts.