Products
State of the Profession
May 8, 2023 10:30am ‐ May 8, 2023 11:20am
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.
Speaker(s):
- Susan S. Coffey, CPA, CGMA, Chief Executive Officer - Public Accounting, AICPA & CIMA
403(b) Plans Basic to Intermediate
May 8, 2023 11:30am ‐ May 8, 2023 12:20pm
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).
Speaker(s):
- Maria Hurd, CPA, RPA, Director - Retirement Plan Audit Services, Belfint, Lyons & Shuman, CPAs
- Israel Tannenbaum, Partner, Withum
Tags:
Taxes
Understanding Plan Documents
May 8, 2023 1:20pm ‐ May 8, 2023 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):
- Anne Morris, Principal, Windham Brannon, LLC
- Kristin A. Ryan, CPA, Founder & CEO, Ryan + Mann LLC
Tags:
A and A Fundamentals
Risk Assessment under SAS 145
May 8, 2023 1:20pm ‐ May 8, 2023 2:35pm
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.
Speaker(s):
- Deborah Smith, CPA, Partner, Grant Thornton LLP
- Carl R. Mayes, CPA, Vice President - Audit & Accounting Quality, AICPA & CIMA
Tags:
Audit
Plan Sponsor Panel – Best Practice Discussion
May 8, 2023 1:20pm ‐ May 8, 2023 2:35pm
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.
Speaker(s):
- Santiago R. Bianchi, BBA / MBA, Benefit Plans Reporting Manager, ExxonMobil
- April Setlik, CPA, Global Benefits Plans Controller, Mars, Incorporated
- Lisa A. Green, QPA, QKA, Retirement Plan Manager, Sherman & Howard, L.L.C.
Moderator(s):
- Theresa K. Banka, CPA, Partner, Plante & Moran, PLLC
Technology in the Audit
May 8, 2023 1:20pm ‐ May 8, 2023 2:35pm
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.
Speaker(s):
- Karen Larsen, CPA, Partner, Baker Tilly US, LLP
- Mary Espinosa, Partner, BDO
Tags:
Audit
Planning and Risk Assessment: Part I
May 8, 2023 2:45pm ‐ May 8, 2023 3:35pm
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.
Speaker(s):
- Randi Chambers, CPA, Assurance Partner, HoganTaylor LLP
- Kerri Franz, CPA, Partner, Weaver, LLP
Tags:
A and A Fundamentals
Basics of Derivatives
May 8, 2023 2:45pm ‐ May 8, 2023 3:35pm
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.
Speaker(s):
- Theresa K. Banka, CPA, Partner, Plante & Moran, PLLC
- Kristi Kamykowski, Vice President, Client Business Solutions, Northern Trust
Learning from experience: Peer review deficiencies and best practices for corrections
May 8, 2023 2:45pm ‐ May 8, 2023 3:35pm
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
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
Multiemployer Plans: Annual Update and Considerations
May 8, 2023 2:45pm ‐ May 8, 2023 3:35pm
This session will address some of the unique accounting and auditing issues related to multiemployer plans, including payroll audits and other considerations.
Speaker(s):
- Doug Bertossi, CPA, CEBS, Principal, CLA
- Eileen Brassil, CPA, CFE, Partner, Legacy Professionals LLP