2024 AICPA & CIMA Employee Benefit Plans Conference
The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.
Packages Display Packages
This includes sessions from the conference: 2024 AICPA & CIMA Employee Benefit Plans Conference
Sessions Included:
Advanced issues for ESOP Plans (May 06, 2024 10:15 AM)
Account-based Health and Welfare Plans (including HSA, HRA, FSA, QSEHRA) and ACA Penalties (May 06, 2024 11:45 AM)
A&A Update (May 06, 2024 11:45 AM)
Basic Executive Compensation (May 06, 2024 01:35 PM)
Understanding Plan Documents (May 06, 2024 01:35 PM)
Advanced Executive Compensation (May 06, 2024 02:35 PM)
Case Study - When everything goes wrong… (May 06, 2024 02:35 PM)
Planning and Risk Assessment: Part I (May 06, 2024 02:35 PM)
Basic Testing in Qualified Plans; Qualified Plan Coverage and Nondiscrimination Testing (May 06, 2024 04:20 PM)
Risk Assessment - SAS 145 (May 06, 2024 04:20 PM)
Common Operational Mistakes and the Impact to the Audit (May 06, 2024 04:20 PM)
Planning and Risk Assessment: Part II (May 06, 2024 04:20 PM)
Strategic Resilience: Navigating Career Challenges with CPA-turned-Tech Founder, Kelly Mann, presented by AuditMiner (May 07, 2024 07:00 AM)
Automation Strategies to Manage Risk and Increase EBP Audit Efficiency and Profitability, presented by Bahwan CyberTek (May 07, 2024 07:00 AM)
Keys to Maximizing Sustainable Profitability of your Firm Through Running a Best-In-Class EBP Practice, presented by Makosi (May 07, 2024 07:00 AM)
Fringe Benefit Trends (May 07, 2024 08:00 AM)
Defined Benefit Plans: Audit, Accounting and Reporting Issues - Part I (May 07, 2024 08:00 AM)
ERISA Litigation Trends - Issues That Are Causing Trouble. (May 07, 2024 08:00 AM)
Contributions and Participant Data: Part I (May 07, 2024 08:00 AM)
Compensation Issues For Partnerships (May 07, 2024 09:00 AM)
Defined Benefit Plans: Audit, Accounting and Reporting Issues - Part II (May 07, 2024 09:00 AM)
What Bothers Me Most - 50 Tips in 50 Minutes (May 07, 2024 09:00 AM)
Prohibited Transactions (May 07, 2024 09:00 AM)
Contributions and Participant Data: Part II (May 07, 2024 09:00 AM)
Best Practices in Documentation ("The Good, the Bad, the Ugly in Documentation") (May 07, 2024 10:00 AM)
Multiple Employer Plan Audits, Including MEPS and PEPs (May 07, 2024 10:00 AM)
Everything You Ought to Know About Distributions and Plans Expenses (May 07, 2024 10:00 AM)
What Auditors Need to Know About Mergers and Plan Terminations (May 07, 2024 01:35 PM)
Using Cloud Technology for a More Efficient, Higher Quality Audit (May 07, 2024 01:35 PM)
Hot Topics and Trends in 401(k) Plans in Light of SECURE 2.0 (May 07, 2024 01:35 PM)
Common Investments in Employee Benefit Plans (May 07, 2024 01:35 PM)
Plan Document Options and Mandatory Nuances - Pre and Post SECURE (May 07, 2024 03:20 PM)
Tax Hot Topics (May 07, 2024 03:20 PM)
Financial Reporting and Wrap-Up (May 07, 2024 03:20 PM)
Resource Jackpot! (May 08, 2024 07:00 AM)
AICPA EBPAQC (May 08, 2024 07:00 AM)
Best Practices < 100 plans (May 08, 2024 07:00 AM)
Best Practices > 100 plans (May 08, 2024 07:00 AM)
AI in the EBP World and Data Analytics For Users and Auditors (May 08, 2024 08:00 AM)
Common Errors in Financial Reporting (May 08, 2024 08:00 AM)
Post Deal Issues with Qualified Plans (May 08, 2024 08:00 AM)
Learning From the Mistakes of Others (May 08, 2024 08:00 AM)
Asking For A Friend (May 08, 2024 09:45 AM)
IdentificationEBP2402DateMay 6, 2024This session is an advanced discussion on unique ESOP considerations. As an ESOP plan matures, certain administration and compliance issues may arise. These include managing cash and distributions, complying with Statutory Diversification Rules, allocating shares to newer participants after all the shares have been acquire and section 409(p) testing.
Objectives
- Identify unique ESOP rules
- Evaluate methods to address issues that arise for mature ESOPs
Speakers
Partner, RSMMary Giganti, JDShareholder, Waldheger Coyne$49Standard Price
IdentificationEBP2404DateMay 6, 2024The Internal Revenue Code provides for a number of ways for employers to deliver health benefits to their employees. Many of these arrangements allow employees to set aside amounts that the employee can use for his or her own health benefits. This session will discuss the basics of these arrangements and the tax and Affordable Care Act rules that come into play when encountering these arrangements.Objectives
- Recognize the various types of health care accounts, including how the accounts are funded, applicable contribution limits, and how benefits can be paid from the accounts
- Distinguish how employers set up various health care accounts and what administrative requirements, if any, apply to each.
- Identify the basic issues, if any, under the Affordable Care Act that come into play when considering health care accounts.
Speakers
Partner, Davis & Harman LLPPrincipal, Ernst & Young LLP$49Standard Price
IdentificationEBP2405DateMay 6, 2024This session will discuss recent audit and accounting standards which impact employee benefit plan audits. Also, there will be discussion about relevant tools and resources which can be used to assist in identifying and applying recent guidance.Objectives
- Identify applicable auditing standards for 2023 audits
- Indicate the impact of not-yet-effective standards on future audits
- Identify recent accounting guidance that could impact financial statement reporting
- Recognize tips on where to find relevant tools and resources
- Identify potential risks related to nondisclosure agreements and restricted use clauses.
Speakers
Managing Director, Grant Thornton, LLPPartner, KPMG$49Standard Price
IdentificationEBP2410DateMay 6, 2024Compensation arrangements for executives can take many different forms based on company objectives and executive priorities. During the session, experts will describe some of the common components of those arrangements, tax impacts for the company, and employee and emerging trends so that attendees can better understand the arrangements and identify the key components.
Objectives
- Identify common types of compensation that are frequently paid to executives and their key characteristics.
- Recognize how executive compensation arrangements can be designed to align company objectives with employee incentives.
Speakers
Managing Director, Alvarez & MarsalPrincipal, Grant Thornton Advisors LLC$49Standard Price
IdentificationEBP2413DateMay 6, 2024This 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
Founder & CEO, Ryan + Mann LLCShareholder/Owner, Elliott Group CPAs, PLLC$49Standard Price
IdentificationEBP2414DateMay 6, 2024Executive compensation is ever-evolving as companies and executives priorities change and legislative changes occur, as with many things in today's world. During this session, executive compensation experts will provide in-depth updates about those areas that have been in focus recently and legislative updates.Objectives
- Identify recent trends in the area of executive compensation and apply those to clients
- Interpret recent legislative updates and guidance to identify what changes may be required to current compensation arrangements for compliance
Speakers
Managing Director, Alvarez & MarsalPrincipal, Grant Thornton Advisors LLC$49Standard Price
IdentificationEBP2416DateMay 6, 2024Almost no plan is run in perfect compliance, but the vast majority of plans are administered largely in compliance with all IRS and DOL requirements. Every once in a while though, service providers come across a plan that failed to operate any where close to a compliant manner. Those plans might have issues with contribution calculations, untimely remittances, prohibited transactions, filing compliance or all of the above. In this session, hear from experts about juggling all of the corrective actions and filings required and bringing those plans back into compliance.Objectives
- Identify the various compliance programs available with the IRS and DOL to bring plans into compliance and understand the main components of those programs
- Assess the overall project required to bring a plan back into full compliance and identify and organize the key milestones for doing so
Speakers
Partner, Hancock Askew & Co.,LLPManaging Director, Alvarez & Marsal$49Standard Price
IdentificationEBP2418DateMay 6, 2024This 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.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
Speakers
Partner, Weaver, LLPAssurance Partner, HoganTaylor LLP$49Standard Price
IdentificationEBP2419DateMay 6, 2024Qualified plans may not discriminate in favor of Highly Compensated Employees. There are a number of annual nondiscrimination tests that are required to ensure qualified plans do not discriminate in favor of Highly Compensated Employees. This session will provide an overview of the key compliance tests for qualified plans, discuss consequences of failed testing, cover corrective action for common testing failures, and explore strategies to mitigate testing failures. We will also address compliance testing requirements for plan auditors.Objectives
- Recognize testing requirements for qualified plans.
- Identify corrective options for failed tests
Speakers
Managing Director, Grant Thornton Advisors LLCCindy J. Dwyer, CPAManaging Director, CBIZ MHM LLC$49Standard Price
IdentificationEBP2420DateMay 6, 2024The new risk assessment standard (SAS No. 145) is effective for 2023 employee benefit plan audits performed in 2024. The new standard may require significant changes in how your firm performs risk assessment. This session will address: implementation considerations, IT General Controls, identifcation and assessment of risks, and more.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
Speakers
Partner, Grant Thornton LLPErin S. Breit, CPAAudit Principal, BDO USA, P.C.Director-Quality Control, Torrillo & Associates, LLC$49Standard Price
IdentificationEBP2421DateMay 6, 2024Learn about common operational errors in qualified retirement plans, the proper corrective action of those errors, and the impact on the audit.Objectives
- Identify common plan operational errors and required corrective actions.
- Analyze the impact operational errors have on plan financial statements and required communications with plan management and those charged with governance.
- Recognize IRS and DOL programs to correct operational errors.
Speakers
Managing Director, Alvarez & MarsalLindy Beldyga, CPAPartner, Plante & Moran, PLLC$49Standard Price
IdentificationEBP2423DateMay 6, 2024This session is Part II 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.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
Speakers
Partner, Weaver, LLPAssurance Partner, HoganTaylor LLP$49Standard Price
IdentificationEBP24SS01DateMay 7, 2024Join CPA and resilient entrepreneur Kelly Mann for a transformative session on turning professional and personal challenges into opportunities. Learn practical strategies to evaluate career risks, overcome setbacks, and cultivate a resilient mindset. Kelly's entrepreneurial and personal journey offers actionable insight to help you thrive amidst adversity.Objectives
- Distinguish career risks and rewards for informed decision-making.
- Identify mindset shifts to navigate worst-case scenarios and setbacks.
- Indicate practical tools to align personal goals with professional success.
Speaker
Kelly Mann, CPACEO and Co-Founder, AuditMiner$49Standard Price
IdentificationEBP24SS02DateMay 7, 2024Demonstration of automation in the field of auditing as a feasible strategy to increase the efficiency of the auditor and to manage risk at the same time. schedules. The Automation strategies will assist the auditors to manage risk and increase EBP audit efficiency and profitability.Objectives
- Automation to mitigate risks through 100% testing of population
- How to reduce manual preparation time by 50% along with a thorough audit trail
- How 360-degree analysis enables higher audit efficiency
Speakers
Audit Manager, Bahwan CyberTekVice President, Bahwan CyberTek$49Standard Price
IdentificationEBP24SS03DateMay 7, 2024Building a scalable EBP practice that delivers predictable profitability is a goal firms of every size should focus on. EBP audits may not result in the highest profit margins for your firm, but they are still critically important to your clients, your firm, and your people. Join accounting industry expert of over 30 years and Makosi CFO, Wayne Kaplan, as he highlights the keys to establishing, managing, and growing the most effective and profitable EBP practice. In this session, you will be taking away the following key learnings:Objectives
- The key characteristics of a delivery model that matters to your clients
- The role of employee satisfaction in EBP audit practices
- Impacts that a good or bad resource strategy has on the success of your firm
Speaker
Wayne Kaplan, CPACFO, Makosi Audit and Tax$49Standard Price
