Products
ESOP Overview
May 10, 2022 11:05am ‐ May 10, 2022 12:20pm
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.
Speaker(s):
- Anne Bushman, CPA, Partner, RSM
- Tanner Coulter, Principal, Ernst & Young, LLP
Lessons Learned from Peer Review
May 10, 2022 11:05am ‐ May 10, 2022 12:20pm
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.
Speaker(s):
- Randy M. Dummer, CPA, Partner, Henderson, Hutcherson & McCullough, PLLC/Chattanooga, TN
- James W. Brackens, Jr., CPA, CGMA, Vice President of Ethics and Practice Quality, AICPA & CIMA
Tags:
Audit
Compensation & Benefits Foundations
May 10, 2022 11:05am ‐ May 10, 2022 12:20pm
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.
Speaker(s):
- Karen M. Field, J.D., Senior Director, RSM US LLP
- Nicole Kelley, Manager, RSM US LLP
Tags:
TAX
New EBP Audit Standard (AU-C Section 703) Part I
May 10, 2022 11:05am ‐ May 10, 2022 12:20pm
The session will provide an overview of planning and risk assessment considerations under AU-C Section 703.
Speaker(s):
- Michelle H. Buckley, CPA, AIFA, Partner, Meaden & Moore, Ltd.
- Erin S. Breit, CPA, Audit Partner, BDO USA, LLP
Tags:
Audit
Nondiscriminatory & Compliance Testing - What Auditors Need to Know
May 10, 2022 1:20pm ‐ May 10, 2022 2:35pm
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:
Speaker(s):
- Theresa K. Banka, CPA, Partner, Plante & Moran, PLLC
- Renee Cahill, Director, Grant Thornton LLP
Understanding Plan Documents
May 10, 2022 1:20pm ‐ May 10, 2022 2:35pm
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.
Speaker(s):
- Gwendolyn Mazzola, CPA, Assurance Partner, HoganTaylor LLP
- Chip Harris, CPA, Partner, RubinBrown LLP
Tags:
A and A Fundamentals
UBIT - Definitions, Investment Pros & Cons, Reporting (Employee Benefit Plan Related)
May 10, 2022 1:20pm ‐ May 10, 2022 2:35pm
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.
Speaker(s):
- Christopher B. Anderson, CPA, Shareholder, Maloney + Novotny LLC
- Israel Tannenbaum, Partner, Withum
New EBP Audit Standard (AU-C Section 703) Part II
May 10, 2022 1:20pm ‐ May 10, 2022 2:35pm
The session will provide an overview of concluding and reporting considerations under AU-C Section 703.
Speaker(s):
- Deborah Smith, CPA, Partner, Grant Thornton LLP
- Josie L. Hammond, CPA, National Director of Employee Benefit Plans, RSM US LLP
Tags:
Audit
Basics of Employer-Provided Healthcare & Fringe Benefits
May 10, 2022 1:20pm ‐ May 10, 2022 2:35pm
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.
Speaker(s):
- Robert B. Davis, Partner, Davis & Harman LLP
Tags:
TAX
3D Matters: The Intersection of Divorce, Death, and (Plan) Distributions
May 10, 2022 3:00pm ‐ May 10, 2022 3:50pm
This 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.
Speaker(s):
- Jennifer E. Shirkey, Shareholder, Flora Pettit
- Renee Cahill, Director, Grant Thornton LLP