2022 AICPA & CIMA Employee Benefit Plans Conference
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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 10:05 AM)
A&A Update (May 11, 2022 10:15 AM)
ESOP Overview (May 10, 2022 10:05 AM)
Lessons Learned from Peer Review (May 10, 2022 10:05 AM)
Basics of Employer-Provided Healthcare & Fringe Benefits (May 10, 2022 12:20 PM)
New EBP Audit Standard (AU-C Section 703) Part I (May 10, 2022 10:05 AM)
Nondiscriminatory & Compliance Testing - What Auditors Need to Know (May 10, 2022 12:20 PM)
UBIT - Definitions, Investment Pros & Cons, Reporting (Employee Benefit Plan Related) (May 10, 2022 12:20 PM)
Understanding Plan Documents (May 10, 2022 12:20 PM)
A Fiduciary Roundtable (May 11, 2022 07:00 AM)
Health and Welfare Claims Testing (May 10, 2022 02:00 PM)
Planning and Risk Assessment: Part I (May 10, 2022 02:00 PM)
Benefit Conundrums & Sticky Wickits Deliberated (May 10, 2022 03:05 PM)
Digging Into the Definition of Compensation for Auditors + 414(s) (May 10, 2022 03:05 PM)
Planning and Risk Assessment: Part II (May 10, 2022 03:05 PM)
403(b) Plans Basic to Intermediate (May 11, 2022 07:00 AM)
Qualified Plan Issues in Transactions (May 10, 2022 02:00 PM)
Financial Statement Hiccups (May 11, 2022 07:00 AM)
Tax (free) Resources and AICPA Tax Resources (May 11, 2022 07:00 AM)
ACA - Where Are We Today? (May 11, 2022 08:00 AM)
ESG (May 11, 2022 08:00 AM)
Contributions and Participant Data: Part I (May 11, 2022 08:00 AM)
Qualified and Non-Qualified Deferred Compensation Deductions (May 11, 2022 09:15 AM)
Contributions and Participant Data: Part II (May 11, 2022 09:15 AM)
New EBP Audit Standard (AU-C Section 703) Part II (May 10, 2022 12:20 PM)
Equity Compensation Basics (May 11, 2022 10:15 AM)
Career Pathways for an EB Tax Consultant (May 11, 2022 10:15 AM)
Everything You Ought to Know About Distributions and Plans Expenses (May 11, 2022 10:15 AM)
Cybersecurity Insecurity (May 11, 2022 02:10 PM)
ESOP Audit and Accounting Nuances (May 12, 2022 08:30 AM)
Operation Errors: Corrections and Impact to Reporting and Communications (May 11, 2022 02:10 PM)
MEPS, PEPS, and MEWA (May 11, 2022 02:10 PM)
Common Investments in Employee Benefit Plan Plans (May 11, 2022 02:10 PM)
Multi-employer Plans Annual Update and Considerations (May 12, 2022 07:00 AM)
Prohibited Transactions and Other Out-of-the-Ordinary Audit Findings (May 12, 2022 07:00 AM)
Best Practices in Project Management (May 12, 2022 07:00 AM)
Financial Reporting and Wrap-Up (May 12, 2022 07:00 AM)
Equity Compensation Advanced (May 12, 2022 08:30 AM)
Asking for a Friend (May 12, 2022 08:30 AM)
3D Matters: The Intersection of Divorce, Death, and (Plan) Distributions (May 10, 2022 02:00 PM)
Auditing Alternative Investments (May 11, 2022 08:00 AM)
Efficient, high quality employee benefit plan audits in the cloud - presented by cpa.com (May 11, 2022 06:00 AM)
The Not-So-Hidden Costs of EBP Audits by Autire Technologies LLC (May 12, 2022 06:00 AM)
Adding Value to Ret. Plan Audits Benchmarking Trends -by Ashford Investment Advisors (May 11, 2022 06:00 AM)
Art of Possibilities - Leveraging Data Analytics in Audits and Fraud Detection, Presented by TIAA (May 12, 2022 06:00 AM)
New EBP Audit Standard (AU-C Section 703) Part I (REPLAY) (May 11, 2022 05:00 PM)
IdentificationEBP22003DateMay 9, 2022In 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.
Objectives
- Identify the consulting opportunities non-discrimination testing presents.
- Determine the various options to pass non-discrimination testing.
Speakers
Chief Actuary, EGPSNorma Sharara, JDManaging Director, BDOCindy J. Dwyer, CPAManaging Director, CBIZ MHM LLC$79Standard Price
IdentificationEBP2202DateMay 10, 2022The 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.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
Speakers
Karen M. Field, J.D.Senior Director, RSM US LLPManager, RSM US LLP$49Standard Price
IdentificationEBP2204DateMay 10, 2022This 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.Objectives
- Determine why companies may sponsor an ESOP
- Identify how an ESOP is structured
- Differentiate what rules apply differently for an ESOP
Speakers
Partner, RSMPrincipal, Ernst & Young, LLP$49Standard Price
IdentificationEBP2205DateMay 10, 2022This 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.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
Speakers
Randy M. Dummer, CPAPartner, Henderson, Hutcherson & McCullough, PLLC/Chattanooga, TNVice President of Ethics and Practice Quality, AICPA & CIMA$49Standard Price
IdentificationEBP2208DateMay 10, 2022The session will provide an overview of planning and risk assessment considerations under AU-C Section 703.
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
Speakers
Partner, Meaden & Moore, Ltd.Erin S. Breit, CPAAudit Principal, BDO USA, P.C.$49Standard Price
IdentificationEBP2207DateMay 10, 2022From 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.
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
Partner, Davis & Harman LLP$49Standard Price
IdentificationEBP2209DateMay 10, 2022This 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:
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
Speakers
Theresa K. Banka, CPAPartner, Plante & Moran, PLLCManaging Director, Grant Thornton Advisors LLC$49Standard Price
IdentificationEBP2210DateMay 10, 2022Like 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.
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.
Speakers
Shareholder, Maloney + Novotny LLCPartner, Withum$49Standard Price
IdentificationEBP2211DateMay 10, 2022This 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.
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
Speakers
Assurance Partner, HoganTaylor LLPChip Harris, CPAPartner, RubinBrown LLP$49Standard Price
IdentificationEBP2237DateMay 10, 2022The session will provide an overview of concluding and reporting considerations under AU-C Section 703.
Objectives
- Identify elements of a substantially complete Form 5500
- Select and communicate reportable findings
- Determine the various circumstances impacting auditor’s reports
Speakers
Partner, Grant Thornton LLPNational Director of Employee Benefit Plans, RSM US LLP$49Standard Price
IdentificationEBP2214DateMay 10, 2022This session will explore advanced plan distribution issues involving QDROs and odd beneficiary matters. The panel will share real-life examples and practical approaches for dealing with knotty situations.Objectives
- Assess challenging distribution issues
- Formulate how to resolve distribution problems
- Predict future difficulties with distributions
Speakers
Shareholder, Flora PettitManaging Director, Grant Thornton Advisors LLC$49Standard Price
IdentificationEBP2215DateMay 10, 2022This session will focus on key aspects of what is involved with detailed claims testing in a health and welfare plan environment. This session will be especially helpful for those auditors who do not have an in-house claims testing expert available to deploy to test the adjudication of claims to help support the audit opinion of a health and welfare plan. Documentation best practices will also be discussed, including data retention and other important HIPAA considerations.Objectives
- Reconstruct an understanding regarding what is involved in the detailed testing of health and welfare claims when an in-house claims testing expert is not available
- Assess best practices for handling PII and PHI during a health and welfare plan claims audit.
Speakers
Partner, Moss Adams LLPManaging Director, Grant Thornton, LLP$49Standard Price
IdentificationEBP2216DateMay 10, 2022This 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 and will continue in Session EBP2221. 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.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 1039a)(3)(C) audits are appropriate
- Recall SOC 1 report and its impact on planned procedures and risk assessment
Speakers
Partner, Weaver, LLPAssurance Partner, HoganTaylor LLP$49Standard Price
IdentificationEBP2223DateMay 10, 2022With the recent amount of corporate M&A occurring, it is more important than ever to understand the issues and consequences of those transactions on qualified plans. In this session, we will discuss some of the most common qualified plan issues encountered during and after corporate transactions and how to mitigate transaction related risk.Objectives
- Determine what professionals should be thinking about when dealing with qualified plans sponsored by employer involved in M&A
- Apply the main operational risks for those qualified plans
- Analyze the impacts on nondiscrimination testing and coverage
Speakers
Managing Director, Alvarez & MarsalNorma Sharara, JDManaging Director, BDO$49Standard Price
IdentificationEBP2217DateMay 10, 2022An interactive session in which seasoned professionals will present a difficult technical issue they have recently had to resolve for a client and discuss their approach to solving the issue, soliciting comments from the audience and other panel members. The audience will have an opportunity to present their own tricky client issues and get feedback from the panel and audienceObjectives
- Evaluate and solve a difficult client situation, applying the technical rules, taking into account practical considerations and understanding risks inherent in alternative approaches
- Formulate a network of professionals who can be called upon to discuss difficult technical issues presented by clients
- Assess the importance of knowing the intent of a rule and how that intent can be used to benefit your client
Speakers
National Director, Compensation and Benefits, Cherry Bekaert LLPKaren M. Field, J.D.Senior Director, RSM US LLP$49Standard Price
