Packages Display Packages

This includes sessions from the conference: 2023 AICPA & CIMA Employee Benefit Plans Conference

Sessions Included:

State of the Profession (May 08, 2023 10:30 AM)

403(b) Plans Basic to Intermediate (May 08, 2023 11:30 AM)

Technology in the Audit (May 08, 2023 01:20 PM)

Plan Sponsor Panel – Best Practice Discussion (May 08, 2023 01:20 PM)

Risk Assessment under SAS 145 (May 08, 2023 01:20 PM)

Understanding Plan Documents (May 08, 2023 01:20 PM)

Multiemployer Plans: Annual Update and Considerations (May 08, 2023 02:45 PM)

Learning from experience: Peer review deficiencies and best practices for corrections (May 08, 2023 02:45 PM)

Basics of Derivatives (May 08, 2023 02:45 PM)

Planning and Risk Assessment: Part I (May 08, 2023 02:45 PM)

Tax Hot Topics (May 08, 2023 04:05 PM)

Consideration of internal controls: what changed as a result of AU-C 703? (May 08, 2023 04:05 PM)

Cyber Incident Journey (May 08, 2023 04:05 PM)

The Impact and Correction of Common Operational Errors (May 08, 2023 04:05 PM)

Planning and Risk Assessment: Part II (May 08, 2023 04:05 PM)

SECURE Act 2.0 (May 08, 2023 05:05 PM)

Audit and Accounting Update (May 09, 2023 08:00 AM)

Health and Welfare plans (May 09, 2023 08:00 AM)

Future Ready Benefits Packages: Tax Considerations (May 09, 2023 08:00 AM)

A Fiduciary Journey: Case Studies in Best Practices (May 09, 2023 08:00 AM)

Contributions and Participant Data: Part I (May 09, 2023 08:00 AM)

Defined Benefit Plans: Unique Audit Issues (May 09, 2023 09:00 AM)

Anatomy of Plan Costs - What they mean and how to value them (May 09, 2023 09:00 AM)

Equity Compensation Advanced (May 09, 2023 09:00 AM)

Contributions and Participant Data: Part II (May 09, 2023 09:00 AM)

Analyzing and understanding actuarial reports (May 09, 2023 10:20 AM)

Shifting Sands: Up and Coming EBP Professionals (May 09, 2023 10:20 AM)

Understanding ITGC for EBP Audits (May 09, 2023 10:20 AM)

MEPs, PEPs and Group Filings under the SECURE Act (May 09, 2023 10:20 AM)

Common Investments in Employee Benefit Plan Plans (May 09, 2023 10:20 AM)

MEPs/MEWAs/PEPs - 2021 Lessons Learned, 2022 & Beyond (May 09, 2023 11:20 AM)

Electronic Audit Evidence (May 09, 2023 11:20 AM)

Digging Into the Definition of Compensation + 414(s) (May 09, 2023 11:20 AM)

Everything You Ought to Know About Distributions and Plans Expenses (May 09, 2023 11:20 AM)

KEYNOTE: Unlock an Ownership Culture (May 09, 2023 01:35 PM)

Utilizing SOC 1 Reports in an EBP Audit (May 09, 2023 03:20 PM)

Compensation & Benefits Foundations (May 09, 2023 03:20 PM)

ESOPs (May 09, 2023 03:20 PM)

Financial Reporting and Wrap-Up (May 09, 2023 03:20 PM)

Trail Guide: Finding Your Way Around the Mountain of Resources (May 10, 2023 07:00 AM)

AICPA EBPAQC (May 10, 2023 07:00 AM)

Peer Roundtable: Plans > 100 (May 10, 2023 07:00 AM)

Peer Roundtable: Plans < 100 (May 10, 2023 07:00 AM)

Project Management Best Practices (May 10, 2023 08:00 AM)

Dynamic Company Transactions: A study of mergers, acquisitions, and spinoffs (May 10, 2023 08:00 AM)

Putting the Employee in ESG (May 10, 2023 08:00 AM)

Asking for a Friend (May 10, 2023 08:00 AM)

Managing the Audit of the Future Now (May 10, 2023 09:45 AM)

The Great Sand Dunes: Pitfalls in Plans M&A/Mergers, Spin-offs, and Terminations (May 10, 2023 09:45 AM)

Come Together: Roles and Responsibilities, and Collaboratively Working Together (May 10, 2023 09:45 AM)

The Talent Shortage, presented by alliantgroup (May 09, 2023 07:00 AM)

Improving EBP Audit Quality Starts With Why, presented by Makosi (May 09, 2023 07:00 AM)

State of the Profession

May 8, 2023 10:30am ‐ May 8, 2023 11:20am

Identification: EBP2302

The business environment is complex and evolving more rapidly than ever. With changing demographics, revised client and talent expectations, and new technologies, we have to work differently, accelerate our adoption of technology by years and address the new risks presented. In order to position ourselves for success, we must understand prevailing environmental trends, how they impact what we do as assurance providers and advisors, and the opportunities they present.

Learning Objectives:
  • Assess the trends in the environment that are impacting practice.
  • Identify impact on quality.
  • Analyze insights into developments that will affect practice in the near future.
  • Indicate new assurance opportunities.


403(b) Plans Basic to Intermediate

May 8, 2023 11:30am ‐ May 8, 2023 12:20pm

Identification: EBP2304

A 403(b) Plan is a tax-advantaged retirement plan designed for non-profit organizations and certain government entities. The 403(b) Plan is similar to a 401(k) Plan, although it offers several enhanced benefits, such as catch-up contributions for tenured employees. This session will discuss the basics of 403(b) Plans, their benefits and the differences between 403(b) and 401(k) plans. It will also discuss prototype documents. Describe the differences between ERISA and non-ERISA 403(b).

Learning Objectives:
  • Recognize the types of organizations that can have a 403(b).
  • Distinguish the requirements for 403(b) and the difference between 401(k)
  • Distinguish prototype documents




Technology in the Audit

May 8, 2023 1:20pm ‐ May 8, 2023 2:35pm

Identification: EBP2307

This session will discuss opportunities to leverage data, technology, and external vendors to perform high quality and efficient audits of employee benefit plans both today and in the future.

Learning Objectives:
  • Recognize technology trends impacting the auditing profession
  • Analyze how firms are leveraging technology to perform high quality audits of employee benefit plans efficiently




Plan Sponsor Panel – Best Practice Discussion

May 8, 2023 1:20pm ‐ May 8, 2023 2:35pm

Identification: EBP2308

This session includes a panel of plan sponsors who will discuss best practices of working with service providers, best features these plan sponsors utilize to help their plan meet participant needs and key/relevant internal controls and challenges. Plan sponsors will provide their biggest challenges and opportunities in operating their plan and maintaining compliance. This session will help plan sponsors and auditors gain insight into how plan sponsors operate. This session will give auditors insight to better serve and provide value to their own audit clients.

Learning Objectives:
  • Identify and implement best practices when preparing for a financial statement audit
  • Understand key internal controls and best practices in oversight and administering a plan
  • Analyze service providers to ensure high quality and compliance with 408(b)(2)



Risk Assessment under SAS 145

May 8, 2023 1:20pm ‐ May 8, 2023 2:35pm

Identification: EBP2310

Join EBPAQC Executive Committee Chair Debbie Smith and AICPA Senior Director Carl Mayes for a discussion of SAS 145 and its impacts on your upcoming EBP audits.

Learning Objectives:
  • Identify the key provisions of SAS 145
  • Distinguish the new risk assessment standards from the existing standards
  • Apply the new standards to audits of employee benefit plans




Understanding Plan Documents

May 8, 2023 1:20pm ‐ May 8, 2023 2:35pm

Identification: EBP2311

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 and Identify a practical example of the AICPA EBPAQC's Plan Document Tool to summarize the relevant plan provisions


Multiemployer Plans: Annual Update and Considerations

May 8, 2023 2:45pm ‐ May 8, 2023 3:35pm

Identification: EBP2312

This session will address some of the unique accounting and auditing issues related to multiemployer plans, including payroll audits and other considerations.

Learning Objectives:
  • Recognize audit and accounting issues impacting multiemployer plans
  • Identify the challenges of payroll audits of contributing employers




Learning from experience: Peer review deficiencies and best practices for corrections

May 8, 2023 2:45pm ‐ May 8, 2023 3:35pm

Identification: EBP2313

This session will be an overview of the peer review process and cover common peer review findings, including those related to AU-C 703 deficiencies

Learning Objectives:
  • Analyze and gain a better understanding of the peer review process
  • Apply best practices to avoid findings




Basics of Derivatives

May 8, 2023 2:45pm ‐ May 8, 2023 3:35pm

Identification: EBP2315

This session will describe common derivative investments held by employee benefits plans (including forwards, futures, options and swaps) including how they are valued and on what exchanges they trade, if applicable. Reporting and disclosure requirements for derivative investments held by a benefit plan will be discussed. We will also cover the common additional information requests needed from the custodian or investment manager.

Learning Objectives:
  • Identify derivatives that might be held as investments with employee benefit plans
  • Determine the basis of derivatives
  • Analyze the disclosure and accounting requirements (specific to employee benefit plans)


Planning and Risk Assessment: Part I

May 8, 2023 2:45pm ‐ May 8, 2023 3:35pm

Identification: EBP2316

This session is Part I of II, in which we will work through the planning and risk assessment process for the fundamental track case study of an ERISA Section 103(a)(3)(C) audit. In summary, we will review the conceptual framework for audit planning, identify the circumstances for an ERISA Section 103(a)(3)(C) audit and understand the appropriate evaluation of a SOC 1 report and how it impacts your audit procedures. In addition, we will review the documentation of risk assessment in an EBP audit and identify the linkage of risk assessment to audit procedures.

Learning Objectives:
  • Recognize necessary procedures to properly plan an employee benefit plan, through utilization of an example
  • Identify risk assessment and the design of and linkage to planned procedures based on risk evaluation by audit area at the assertion level
  • Distinguish when ERISA Section 103(a)(3)(C) audits are appropriate
  • Recall SOC 1 report and its impact on planned procedures and risk assessment