Sessions For All Days

05

Sunday
9:00AM-6:00PM

EBP19101. Introduction to Employee Benefit Plan Audits

Instructor: Marcus Aron, Robert Cote, Marilee Lau
Knowledge Level: Basic
Field of Study: Auditing
CPE Credits: 8.0

This all-day pre-conference workshop is geared toward individuals interested in a general overview and update of the audit, accounting and reporting requirements for employee benefit plans. Auditors new to employee benefit plan audits, experienced auditors interested in a refresher course, benefit plan professionals as well as service providers who want to understand the audit process, could benefit from this workshop. It provides a basic understanding of the requirements for all types of EBP audits based on the AICPA's Employee Benefit Plans - Accounting and Audit Guide as well as DOL requirements. Participants will have ample time to discuss specific issues and resolutions for real-life employee benefit problems. Attending this workshop will help participants choose beneficial sessions from the general conference to tailor the conference experience.

This session will address employee benefit plan audit quality issues based on findings from the DOL and peer review engagements and unique accounting and reporting issues.

Learning Objectives:

  • Recognize the more common types of EB plans
  • Indicate appropriate planning and substantive audit procedures with respect to investments, contributions, distributions, and benefit obligations
  • Recall ERISA regulations
  • Identify problems and potential resolutions within EBP audits

05

Sunday
1:00PM-5:00PM

EBP19102. Form 5500 Workshop

Instructor: Scott Albert, Debbie Packer, Kimberly Flett, Katie Smith, Michael Kraemer
Knowledge Level: Intermediate
Field of Study: Auditing, Taxes
CPE Credits: 4.0

This half-day Form 5500 workshop will provide a practical review of the Form 5500 and related schedules. We will explore common practitioner questions and Form 5500 and related schedules' pitfalls. The session is designed for plan administrators, auditors, and preparers who want to learn about the Form 5500 as well as expand their knowledge of the Form 5500 filings.

Learning Objectives:

  • Identify Form 5500/5500-SF specifics
  • Identify changes to the 2017 Form 5500
  • Use Form 5500 related schedules and Form 8955-SSA
  • Use the Electronic Filing/EFAST2 system and determine when DOL enforcement may occur

05

Sunday
2:00PM-6:00PM

EBP19NG. Emerging EBP Professionals Workshop

Instructor: Lisa Germano, Amisha Patel, Jennifer Lehman, Kathleen Jackson
Knowledge Level: Basic
Field of Study: Personal Development
CPE Credits: 4.0

This workshop has it all: hands-on training in specific areas, professional development skills, building credibility, fostering relationships, and communication tips. This workshop is designed to give technical and soft skills to those professionals who are fairly new to employee benefit plans, or who have much audit experience but are new to employee benefit plan audits. This is an ideal precursor to the main conference’s Fundamental Track. The EEBP workshop will be led by EBP professionals with extensive experience in both accounting, auditing and tax practices within employee benefit plans. Mentors and experts will be on hand so you leave this afternoon with a cadre of new skills and competencies. Emerging EBP participants will have an opportunity to interact directly with the workshop leaders on a wide variety of EBP topics during the conference and after the conference - this is a great way to expand your EBP expertise networking.

Learning Objectives:

  • Identify sessions to attend during remaining days of conference.
  • Indicate your goals in attending the conference to mentors and experts.
  • Recall EBP training and apply to rest of conference.

6:00PM-7:00PM

8:00AM-8:15AM

06

Monday
8:15AM-9:30AM

EBP1901. Cybersecurity breaches: are you the cause?

Instructor: Johnny Lee
Track: General Session
Knowledge Level: Basic
Field of Study: Auditing, Information Technology
CPE Credits: 1.5

Session will discuss trends and best practices from the cybersecurity and information privacy arenas.

Learning Objectives:

  • Recall the latest trends affecting organizations and individuals (vis-à-vis cybersecurity and privacy)
  • Select the leading practices for dealing with these trends in your company or your client's company
  • Indicate what practitioners can do to safeguard their own organizational and personal data

9:30AM-9:40AM

06

Monday
9:40AM-10:30AM

EBP1902. Washington Regulatory Update with the DOL & IRS

Instructor: Catherine Jones, Jeanne Wilson
Track: General Session
Knowledge Level: Update
Field of Study: Auditing, Taxes
CPE Credits: 1.0

Hear an update from the DOL and IRS onsite in New Orleans!

Learning Objectives:

  • Identify the latest initiatives and priorities within the IRS
  • Use the latest regulatory and enforcement developments in planning the EBP engagement and discussing potential issues with plan sponsors.

10:30AM-11:00AM

06

Monday
11:00AM-12:15PM

EBP1903. New EBP Reporting Standard

Instructor: Josie Hammond, Linda Delahanty, Tracy Harding
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Auditing
CPE Credits: 1.5

The new EBP reporting framework addresses the auditor's responsibilities for forming an opinion and reporting on ERISA plan financial statements, including the form and content of the report when management elects to have an ERISA section 103(a)(3)(C) audit performed.

Learning Objectives:

  • Analyze the requirements of the new EBP reporting framework
  • Differentiate the new form and content of the EBP reports compared to the current standard
  • Determine when it is appropriate to use the ERISA section in the audit report

06

Monday
11:00AM-12:15PM

EBP1904. Fringe Benefits Post Tax Reform

Instructor: Jeff Martin, Deborah Walker
Track: Plan Design & Tax Compliance
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

This session will review the current rules and regulations regarding fringe benefits, including the ability of an employee to exclude the value of such benefits from income and the ability of an employer to deduct the cost of those benefits. Special emphasis will be placed on the Tax Cut and Jobs Act changes affecting fringe benefits, specifically meals and entertainment expenses, qualified transportation fringe benefits and moving expenses.

Learning Objectives:

  • Identify the fringe benefits that are best for your client based on the tax treatment of such benefits for the employer and the employee
  • Apply current rules and regulations to your clients in order to assist in designing a cost efficient fringe benefit plan

12:15PM-1:15PM

06

Monday
1:15PM-2:30PM

EBP1905. ERISA Basics and Plan Documents

Instructor: Travis Jack, Brad Wall
Track: Audit Fundamentals
Knowledge Level: Basic
Field of Study: Auditing, Taxes
CPE Credits: 1.5

This session will provide a basic overview of ERISA, highlighting certain key elements for plan auditors, and introduce the plan document provisions of the defined contribution case study, which is utilized for all the fundamental track sessions.

Learning Objectives:

  • Recall the ERISA law from an auditor's perspective
  • Recognize different types of plan document designs and common plan amendments
  • Identify key plan provisions of the case study to consider risk assessment and develop audit procedures
  • Indicate key elements of the plan provisions using the AICPA EBPAQC's Plan Document Tool

06

Monday
1:15PM-2:30PM

EBP1906. Work The Core, Don't Fail in Assessing Risk (Repeated in Session 62)

Instructor: Carl Mayes, Diane Walker, Michele Weldon
Track: Accounting & Auditing
Knowledge Level: Advanced
Field of Study: Auditing
CPE Credits: 1.5

Partners, are you starting your audit off properly? Most practitioners answer, "yes." However, more than a decade after the risk assessment standards were issued, the AICPA Peer Review team found that more than half of all firms fail to comply with AU-C Section 315 or 330.

At the core of every audit are the goals of identifying, assessing, and responding to risks of material misstatement. Ensure your EBP audits comply with risk assessment standards. The discussion will include misconceptions commonly held by senior-level practitioners and how to avoid these common areas of non-compliance.

Learning Objectives:

  • Interpret commonly misapplied requirements of AU-C Sections 315 and 330.
  • Contrast common areas of non-compliance found by AICPA Peer Review team research to your EBP audit performance.
  • Assess practical application of the standards in EBP audits.

06

Monday
1:15PM-2:30PM

EBP1907. 401(k) Testing and Alternatives

Instructor: Cindy Dwyer, Kimberly Flett
Track: Plan Design & Tax Compliance
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

An in-depth look at 401(k) plan testing and alternatives including APD/ACP testing from a tax perspective. These compliance tests are complicated and this session can assist auditors in become more adept in the area related to non-discrimination testing.

Learning Objectives:

  • Apply proper use of ADP/ACP testing based on its purpose.
  • Identify issues involved with testing failures and corrections.

06

Monday
1:15PM-2:30PM

EBP1909. Not the Usual: Unique and Uncommon Issues within EPCRS Correction Programs

Instructor: Thomas Pevarnik, Mark Ritter
Track: Advanced Professionals
Knowledge Level: Advanced
Field of Study: Taxes
CPE Credits: 1.5

This session will cover uncommon, highly technical correction techniques and requirements under the IRS' EPCRS.

Learning Objectives:

  • Formulate correction methods where no pre-existing examples are provided
  • Evaluate less-common issues and problems that may arise when doing qualified plan corrections

06

Monday
1:15PM-2:30PM

EBP1910. Understanding Management's Responsibilities for Your Plan

Instructor: Santiago Bianchi, Bonnie Marcantel, Chris Shankle
Track: Enhanced Knowledge
Knowledge Level: Intermediate
Field of Study: Business Management & Organization
CPE Credits: 1.5

The panel will provide an overview of benefit plans' management responsibilities, including, but not limited to: accomplishing all regulatory requirements under management scope and all necessary elements, activities, recommendations, and decisions that ensure those requirements are satisfied

Learning Objectives:

  • Identify management's main/key areas of focus regarding a benefit plan's scope of responsibilities.
  • Apply the panel's recommendations on areas of focus and responsibilities to your company.

06

Monday
1:15PM-2:30PM

EBP1911. Plan, Design, and Monitor Payroll Audits

Instructor: Eric Carroll, Stacy Meyer
Track: Accounting & Auditing
Knowledge Level: Basic
Field of Study: Auditing
CPE Credits: 1.5

This session will discuss best practices for designing and monitoring a payroll audit program including techniques for completing a payroll audit and using payroll audits as part of the multiemployer plan audit. This session will also differentiate between payroll audits performed under SSAE 18 or consulting standards.

Learning Objectives:

  • Recognize best practices when designing and monitoring a payroll audit program and the use of payroll audits in the multiemployer plan audit.
  • Identify the difference between payroll audits performed under SSAE 18 and consulting standards.

2:30PM-2:40PM

06

Monday
2:40PM-3:55PM

EBP1912. Risk Assessment and Planning Part I

Instructor: Chip Harris, Theresa McDowell, Sara Wilson
Track: Audit Fundamentals
Knowledge Level: Basic
Field of Study: Auditing
CPE Credits: 1.5

This session is part 1 of 2 of working through the planning and risk assessment process for the fundamental track case study and will continue in Session #19. These sessions include consideration of SOC 1 reports and certifications for limited scope audits.

Learning Objectives:

  • Recognize necessary procedures to properly plan an employee benefit plan, through utilization of an example
  • Recall risk assessment standards and linkage to planned procedures based on risk evaluation by audit area at the assertion level, utilizing examples of documentation tools
  • Recognize when limited-scope audits are appropriate utilizing evaluation tool
  • Identify a SOC 1 report and recall its components' (i.e., user controls) impact on planned procedures and risk assessment by walking through a SOC 1 evaluation

06

Monday
2:40PM-3:55PM

EBP1913. Using an Actuarial Report in Your Audit

Instructor: Dennis Polisner, Diane Walker
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Auditing
CPE Credits: 1.5

This session will cover the objectives and uses of an actuarial report, the information contained in a report, assessing the actuarial methods and assumptions and discussing the information in the report that is most useful to an auditor.

Learning Objectives:

  • Determine what information is relevant for auditing purposes
  • Analyze the structure of a typical report
  • Apply the assumptions used and how to assess them
  • Select an actuary as a specialist based the qualifications

06

Monday
2:40PM-3:55PM

EBP1914. On Auto-Pilot: Automatic Provisions Don't Always Always Equal Smooth Sailing

Instructor: Amisha Patel, Mark Swedeslon
Track: Plan Design & Tax Compliance
Knowledge Level: Basic
Field of Study: Taxes
CPE Credits: 1.5

This session will cover what are all the automatic options in plans to today (enrollments, distributions, investing, salary increases, etc), corrections for when someone is not auto-enrolled timely, and Rev Proc 2015-28.

Learning Objectives:

  • Obtain a basic understanding of common automatic provisions within the plan document - such as enrollments, escalation, and distributions.
  • Understand challenges and most common errors related to automatic provisions

06

Monday
2:40PM-3:55PM

EBP1915. Fringe Benefit Trends

Instructor: Anne Bushman, Jeff Martin
Track: Industry Update
Knowledge Level: Basic
Field of Study: Taxes
CPE Credits: 1.5

Fringe benefits are a hot topic for employers looking to attract and retain talent in a tight labor market. Often, fringe benefits can be provided at relatively little cost while still providing benefit that employees value. Over time, changes in the business environment and employee demographics cause different fringe benefits to be perceived as valuable. This course will provide an overview of recent fringe benefit trends and the considerations for offering those benefits. Some benefits covered may include student loan payments, snacks, reward programs, and wellness programs.

Learning Objectives:

  • Recognize recent trends in fringe benefits
  • Recall tax consequences of trending fringe benefits
  • Identify important factors when choosing fringe benefits

06

Monday
2:40PM-3:55PM

EBP1916. Employee Benefits and Executive Compensation Issues in Mergers and Acquisitions

Instructor: Christa Bierma, Keith Mong
Track: Advanced Professionals
Knowledge Level: Advanced
Field of Study: Taxes
CPE Credits: 1.5

Session covers various employee benefit and executive compensation issues that arise in connection with mergers and acquisitions, including strategies for both buyers and sellers to address the issues.

Learning Objectives:

  • Predict health benefit plan issues in mergers and acquisitions
  • Assess and develop strategies for addressing the various issues that may arise.

06

Monday
2:40PM-3:55PM

EBP1917. Common Mistakes Identified in Inspections

Instructor: Marcus Aron, Jennifer Clayton, Michele Weldon
Track: Enhanced Knowledge
Knowledge Level: Basic
Field of Study: Auditing
CPE Credits: 1.5

Inform participants of the common mistakes that are identified in employee benefit plan audits during DOL inspections, ethics investigations, and peer reviews

06

Monday
2:40PM-3:55PM

EBP1918. Peer Review Part I

Instructor: Marilee Lau, Thomas Parry
Track: Accounting & Auditing
Knowledge Level: Advanced
Field of Study: Auditing
CPE Credits: 1.5

*Note for Peer Reviewers: You must attend both sessions to satisfy your annual EBP must-select training requirement.

This session will address new and recent changes to guidance related to peer reviews of employee benefit plan (EBP) audit engagements. For peer reviewers, attendance of both parts I and II will satisfy the annual peer review must-select training requirement to review EBP engagements.

This session is designed to be interactive with ample time for participants to discuss specific issues related to conducting reviews, using the EBP checklist, and resolutions of real-life EBP audit findings. This presentation is primarily designed for peer reviewers; however these sessions will help subject matter experts gain a better understanding of the peer review process and the benefits of serving as a team member in peer reviews.

Presenters will provide:
• Updates about recent or upcoming changes to peer review guidance related to EBP audit engagements
• Insight from DOL quality reviews
• Updates on the Enhanced Oversight Program and common issues identified
• Recent changes related to the Peer Review Employee Benefit Plan Audit Engagement Checklist, including considerations related to bolded questions.
• Both lecture-based content, as well as hands-on application of learning objectives using case studies.

Learning Objectives:

  • Interpret guidance for reviewers of EBP must-select engagements
  • Assess ramifications when answering bolded questions on the EBP checklist
  • Evaluate and anticipate DOL quality review findings

06

Monday
4:25PM-5:40PM

EBP1919. Risk Assessment and Planning Part II

Instructor: Chip Harris, Theresa McDowell, Sara Wilson
Track: Audit Fundamentals
Knowledge Level: Basic
Field of Study: Auditing
CPE Credits: 1.5

This session is part 2 of 2 of working through the planning and risk assessment process for the fundamental track case. These sessions include consideration of SOC 1 reports and certifications for limited scope audits.

Learning Objectives:

  • Recognize necessary procedures to properly plan an employee benefit plan, through utilization of an example
  • Recall risk assessment standards and linkage to planned procedures based on risk evaluation by audit area at the assertion level, utilizing examples of documentation tools
  • Recognize when limited-scope audits are appropriate utilizing evaluation tool
  • Identify a SOC 1 report and recall its components' (i.e., user controls) impact on planned procedures and risk assessment by walking through a SOC 1 evaluation

06

Monday
4:25PM-5:40PM

EBP1920. Sort Out the SOC Reports used in Your EBP Audits (Repeated in Session 57)

Instructor: Patricia McCormick, Sue Peirce
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Auditing
CPE Credits: 1.5

Each year, you hear about increasing the usage of SOC 1 reports in your EBP audits. Attend this session and leave knowing why it's imperative to use a SOC 1 report in your audit, if applicable. The session will cover key differences between SSAE 16 and SSAE 18. Content will also include subservice provider reports and noting subservice provider user controls, efficient ways to review and summarize a SOC 1 report, and what to do if you can't obtain a SOC 1 report but need one.

Learning Objectives:

  • Identify the appropriate audit approach regarding subservice organizations and complimentary user entity controls.
  • Analyze the impact of carve-outs, complementary user controls, exceptions in testing, and report qualifications.
  • Analyze the differences between SSAE 16 and SSAE 18.
  • Determine efficient ways to summarize and evaluate information in SOC 1 reports.

06

Monday
4:25PM-5:40PM

EBP1921. Is an ESOP Right for Your Company?

Instructor: Keandra Greene, Mark Welker
Track: Plan Design & Tax Compliance
Knowledge Level: Basic
Field of Study: Taxes
CPE Credits: 1.5

This session will discuss whether an ESOP is the best business succession planning tool for a company. We will provide an overview of an ESOP, why a company might or might not want one, and tax/economic/business perspectives of an ESOP. We will provide a case study to illustrate the analysis.

Learning Objectives:

  • Identify clients in which an ESOP as a business succession planning alternative is appropriate.
  • Recall aspects of an ESOP in order to propose to potential ESOP candidates.
  • Recognize potential advantages and disadvantages of ESOPs, including concerns related to risk, cost, and complexity.

06

Monday
4:25PM-5:40PM

EBP1922. Beyond Cybersecurity: Attack of the new wave of Privacy regulations

Instructor: Alain Marcuse
Track: Industry Update
Knowledge Level: Basic
Field of Study: Auditing, Information Technology
CPE Credits: 1.5

Emerging data privacy regulations globally constitute a “third wave” of corporate security and privacy risk that most companies don’t realize yet. Companies now have the obligation to protect the personal data of individuals they connect with in any way, including employees, prospects, vendors, and customers. While the GDPR certainly generated headlines, it is by no means unique any longer – California, Brazil, Vietnam, and others have passed similar legislation. A Federal law is on the horizon. Individuals have greatly expanded rights and are wielding them in earnest. In this session, we will cover the latest updates to the emerging trends in data privacy regulation, and their impact on plans and their auditors – exploring how to reconcile these new requirements while maintaining the integrity of our audits.

Learning Objectives:

  • Explain the impact of new privacy regulations on the handling of personal data during audits
  • Select appropriate techniques to meet audit standards while maintaining compliance with these regulations

06

Monday
4:25PM-5:40PM

EBP1923. Stable Value Investment Case Study

Instructor: Kristin Daniels, Debbie Smith
Track: Advanced Professionals
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

Walk through two case studies on financial reporting for stable value investments.

Learning Objectives:

  • Evaluate the structure of stable value investments, the various types of fully benefit responsive investment contracts utilized, and the investment vehicles commonly available to plans
  • Interpret real life examples, including simplified FASB reporting and 5500 reporting

06

Monday
4:25PM-5:40PM

EBP1924. Plan Sponsor Best Practices, Fees & Communications

Instructor: Wayne Kamenitz, Chris Shankle
Track: Industry Update
Knowledge Level: Intermediate
Field of Study: Business Management & Organization
CPE Credits: 1.5

Plan sponsors dealings with plan fees and communications vary widely; however, there are some very specific requirements. In our discussion, you will learn:

Learning Objectives:

  • How to deal with these two issues and take a dive into the issues associated with each.
  • Understand best practices in dealing with these issues along with some resources to consider in helping.

06

Monday
4:25PM-5:40PM

EBP1925. Peer Review Part II

Instructor: Marilee Lau, Thomas Parry, Marcus Aron
Track: Accounting & Auditing
Knowledge Level: Advanced
Field of Study: Auditing
CPE Credits: 1.5

*Note for Peer Reviewers: You must attend both sessions to satisfy your annual EBP must-select training requirement.

This session will address new and recent changes to guidance related to peer reviews of employee benefit plan (EBP) audit engagements. For peer reviewers, attendance of both parts I and II will satisfy the annual peer review must-select training requirement to review EBP engagements.

This session is designed to be interactive with ample time for participants to discuss specific issues related to conducting reviews, using the EBP checklist, and resolutions of real-life EBP audit findings. This presentation is primarily designed for peer reviewers; however these sessions will help subject matter experts gain a better understanding of the peer review process and the benefits of serving as a team member in peer reviews.

Presenters will provide:
• Updates about recent or upcoming changes to peer review guidance related to EBP audit engagements
• Insight from DOL quality reviews
• Updates on the Enhanced Oversight Program and common issues identified
• Recent changes related to the Peer Review Employee Benefit Plan Audit Engagement Checklist, including considerations related to bolded questions.
• Both lecture-based content, as well as hands-on application of learning objectives using case studies.

Learning Objectives:

  • Apply guidance for reviewers of EBP must-select engagements
  • Assess ramifications when answering bolded questions on the EBP checklist
  • Evaluate and anticipate DOL quality review findings

5:40PM-6:45PM

07

Tuesday
7:30AM-8:20AM

EBP19201. EBPAQC Update

Instructor: James Haubrock, Ian MacKay
Track: Industry Update
Knowledge Level: Basic
Field of Study: Auditing
CPE Credits: 1.0

Learn about new resources and tools from the Employee Benefit Plan Audit Quality Center. Help your firm apply best practices and achieve efficiencies in your EBP audits. Learn how to network in the EBP audit community to enhance your audit quality.

Learning Objectives:

  • Select EBPAQC tools to perform efficient EBP audits.
  • Recall best practices to improve audit quality.

07

Tuesday
7:30AM-8:20AM

EBP19202. Beyond the Audit: AICPA Resources

Instructor: Kristin Esposito, Kelly Davis, Wayne Kamenitz, Chris Shankle
Track: Industry Update
Knowledge Level: Basic
Field of Study: Taxes
CPE Credits: 1.0

The AICPA has a wealth of resources for many aspects of ERISA and retirement planning. AICPA staff and members will review these resources to give participants familiarity with what they can offer for a vibrant ERISA practice or to plan sponsors for use by internal accounting or human resources staff – or even plan participants.

Learning Objectives:

  • Identify tools from the AICPA Tax Technical Resource Panel
  • Recall tax advocacy initiatives
  • Identify AICPA Tax Section tools
  • Identify AICPA Financial Literacy tools for plan sponsors and plan participants

8:20AM-8:30AM

07

Tuesday
8:30AM-9:45AM

EBP1926. (Is the Future Behind) Door #1, Door #2, or Door #3?

Instructor: Rebecca Ryan
Track: Keynote
Knowledge Level: Overview
Field of Study: Personal Development
CPE Credits: 1.5

If you knew the future, how would you lead your firm or change your strategy? Most of us use foresight every day, but we don’t realize it so we don’t think about how we anticipate the future. In this presentation, futurist and economist Rebecca Ryan takes you behind the scenes to show you:

Learning Objectives:

  • How futurists think about EVERY problem…and how you can think like a futurist about your firm, your career, your role and beyond
  • How “everyday people” like math teachers and postal workers fine-tune their foresight skills and outperform the Department of Defense in making predictions
  • Which future scenarios your firm must consider, to be ready for anything
  • About Rebecca – Rebecca Ryan has been named a “Top 100 Most Influential” by Accounting Today and a “Thought Leader” by CPA Practice Advisor. She’s a former partner with The Advisory Board and worked with Top 200 firms on human resource strategy and foresight.

07

Tuesday
10:15AM-11:30AM

EBP1927. Contributions, Eligibility and Participant Data, Part I

Instructor: Gwen Stoute Bryant, Tiffany White, Sara Wilson
Track: Audit Fundamentals
Knowledge Level: Basic
Field of Study: Auditing
CPE Credits: 1.5

This session is part 1 of 2 that focuses on the testing of eligibility, participant data and contributions for the fundamentals track case study, including discussion of common errors found in these areas. This session will be continued in Session #34.

Learning Objectives:

  • Identify the various contribution types that are typical in a defined contribution plan, review the annual limits, and understand the participant and employer contributions based on the fundamental track case study's plan provisions, considering eligibility and eligible compensation for each type of contribution
  • Recall the risk assessment of relevant assertions and the planned audit procedures of the case study
  • Select sampling and testing procedures utilizing examples from the case study for payroll, definition of compensation, participant eligibility, participant data, contributions, and the timely remittance of contributions
  • Recognize common errors found in testing of contributions, eligibility and participant data

07

Tuesday
10:15AM-11:30AM

EBP1928. Auditing in a Digital World

Instructor: Monique Elliott, Wendy Terry
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Auditing
CPE Credits: 1.5

Audits in the digital world continue to evolve and make auditors' work more complex. We will review strategies to assist auditors in ensuring you meet current auditing and documentations standards.

Learning Objectives:

  • Determine appropriate audit evidence in an electronic environment
  • Choose best practices for auditing in electronic environment.

07

Tuesday
10:15AM-11:30AM

EBP1929. Unrelated Business Taxable Income

Instructor: J. Calvin Marks, Deborah Walker
Track: Plan Design & Tax Compliance
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

Special rules apply to unrelated business income for employee benefit plans. This session will review the rules for unrelated business income in general and those that apply to employee benefit plans in particular.

Learning Objectives:

  • Determine if unrelated business income tax is applicable to a specific welfare benefit plan
  • Analyze whether it is appropriate for your client to fund a specific welfare benefit plan and the tax implications of doing so in a tax exempt or taxable trust
  • Calculate unrelated business income tax when a qualified retirement plan needs to pay unrelated business income tax, if applicable

07

Tuesday
10:15AM-11:30AM

EBP1930. Anti-Assignment Rules – procedures, legal and tax issues

Instructor: Mark Gushkin, Melissa Kurtzman
Track: Industry Update
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

This session will cover the anti-assignment rules of the Code and ERISA. The session will also address the various exceptions to the anti-assignment rules, including qualified domestic relations orders; loans; assignments; tax levies; embezzlement; slayer statutes; qualified waivers; bankruptcy; and penalties.

Learning Objectives:

  • Identify Plan Administrator responsibilities under anti-assignment rules
  • Identify common QDRO pitfalls
  • Identify common loan strategies, including bridge loans
  • Identify uses of qualified waivers and challenges with assignments

07

Tuesday
10:15AM-11:30AM

EBP1931. Executive Compensation: Tax Reform & Beyond

Instructor: Eddie Adkins, Kelli Cacciotti, Karen Field
Track: Advanced Professionals
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

Session will detail the changes in section 162(m) and describe how to preserve some deductions in the future. Will cover considerations for simplifying executive and partner compensation planning. Other topics covered: Section 199A issues, carried interest issues, section 4960 - tax exempt entity benefits and the excise tax, inpat executives and cross-border compensation issues.

Learning Objectives:

  • Determine methods for protecting deductions for future grants under section 162(m)
  • Identify inpat executive compensation issues
  • Analyze company needs for changing compensation programs

07

Tuesday
10:15AM-11:30AM

EBP1932. Auditing DB Plans - Distributions and Census Data

Instructor: Stacy Meyer, Steve VanSteenkiste
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Auditing, Taxes
CPE Credits: 1.5

This session will discuss the key audit areas and considerations when auditing a defined benefit plan. Areas include distributions and auditing census valuation data. The session will also address the risk assessment process for a defined benefit plan and testing strategies.

NOTE: The session will not focus on the actuarial report or the assumptions that drive the actuarial valuation which are both covered in another session.

Learning Objectives:

  • Understand best practices when designing testing strategies for auditing distributions and the census valuation data
  • Identify the unique risk assessment considerations when auditing a defined benefit plan
  • Recognize strategies available when there

07

Tuesday
10:15AM-11:30AM

EBP1933. The Specificity of an ESOP's Tax Rules

Instructor: Anne Bushman, Mark Welker
Track: Plan Design & Tax Compliance
Knowledge Level: Advanced
Field of Study: Taxes
CPE Credits: 1.5

ESOPs are a unique type of qualified retirement plan. This unique aspect of owning and leveraging employer shares brings about unique tax consequences. This session will review tax rules specific to structuring ESOP transactions (such as S corporation vs. C corporation treatment and 1042 tax deferral) and existing ESOP sponsors (such as deduction limits, book-tax differences, and section 409(p).) The session assumes intermediate competency related to ESOPs. Auditors will benefit from the material as it is based on ESOP operations that have financial statement effects.

Learning Objectives:

  • Assess effects of income tax rules on a company that sponsors an ESOP
  • Interpret necessary facts for accurate tax compliance for ESOP sponsors
  • Categorize issues related to ESOP, including section 409(p) issues

11:30AM-11:40AM

07

Tuesday
11:40AM-12:30PM

EBP1934. Contributions, Eligibility and Participant Data, Part II

Instructor: Gwen Stoute Bryant, Tiffany White, Sara Wilson
Track: Audit Fundamentals
Knowledge Level: Basic
Field of Study: Auditing
CPE Credits: 1.0

Continuation of Session 27 focusing on the testing of eligibility, participant data and contributions for the fundamentals track case study, including discussion of common errors found in these areas.

Learning Objectives:

  • Identify the various contribution types that are typical in a defined contribution plan, review the annual limits, and understand the participant and employer contributions based on the fundamental track case study's plan provisions, considering eligibility and eligible compensation for each type of contribution
  • Recall the risk assessment of relevant assertions and the planned audit procedures of the case study
  • Select sampling and testing procedures utilizing examples from the case study for payroll, definition of compensation, participant eligibility, participant data, contributions, and the timely remittance of contributions
  • Recognize common errors found in testing of contributions, eligibility and participant data

07

Tuesday
11:40AM-12:30PM

EBP1935. Breaking Down the Definition of Compensation (Repeated in Session 207)

Instructor: Chip Harris, Kimber Smail-benedict, William O'Malley
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Auditing, Accounting
CPE Credits: 1.0

It's not uncommon for employee benefit plan auditors to find errors in the application of a plan’s definition of compensation. However, truly understanding a plan’s definition of compensation is not always straight forward. This session will explore different definitions of compensation that are commonly used by plans, as well as some of the nuances that can make understanding the definition of compensation more challenging.

Learning Objectives:

  • Recognize various definitions of compensation that are commonly used in plan documents.
  • Identify common errors found when applying a plan's defintion of compensation to how compensation is calculated.

07

Tuesday
11:40AM-12:30PM

EBP1936. Compliance Testing in Defined Contribution Plans

Instructor: Karen Field, Keandra Greene
Track: Plan Design & Tax Compliance
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

In this session, attendees will enhance their basic competency of compliance testing issues by covering: controlled group rules, coverage testing, single employers and controlled group rules, Section 401(a)(4) nondiscrimination testing, Section 414(s) compensation testing considerations, and top heavy and 401(k) plan issues.

Learning Objectives:

  • Compare the interaction between controlled group testing and the various nondiscrimination rules.
  • Analyze whether a set of facts is likely to have testing issues

07

Tuesday
11:40AM-12:30PM

EBP1937. Legal Update and Recent Court Cases

Instructor: Renee Cahill, Keith Mong
Track: Industry Update
Knowledge Level: Intermediate
Field of Study: Auditing, Taxes
CPE Credits: 1.0

This session is intended to provide an update on key legal developments over the last year including legislation, agency guidance, and relevant court cases surrounding significant employee benefit plan issues.

07

Tuesday
11:40AM-12:30PM

EBP1938. What Officers and Directors Need to Know

Instructor: Lisa Germano, Jennifer Lehman
Track: Advanced Professionals
Knowledge Level: Advanced
Field of Study: Business Management & Organization
CPE Credits: 1.0

Officers and directors are not always aware of their responsibility for information and oversight. This session will provide information to those who are responsible for their employer’s retirement plan or who want to know the details for the oversight responsibilities. The session will include: information to the plan auditor, hiring a plan auditor, hiring the service providers, fidelity bond and fiduciary insurance coverage along with best practices for Administrative or Investment Committees – including the Request For Proposal process.

Learning Objectives:

  • Evaluate your responsibilities as an officer and/or director to ensure you're aware of all responsiblities, such as hiring and overseeing the plan audit.
  • Categorize service providers and assess which attributes each provider contributes to your plan.
  • Reconstruct proper, thorough committee documentation of actions taken.

07

Tuesday
11:40AM-12:30PM

EBP1939. Insights into multi-generational learning and training

Instructor: Carey Blakeman, Dr. Reggie R. Padin
Track: Enhanced Knowledge
Knowledge Level: Basic
Field of Study: Personal Development
CPE Credits: 1.0

There are over five generations in the workforce. How many are in your firm or company? If there are more than one, you should attend this session! Professional development is key to one's success. Training, whether informal or formal, is included in that. Be the valuable employer your staff believes you are and come to this session to learn the latest and most innovative ways to train your multi-generational staff.

Learning Objectives:

  • Recognize staff training needs to make you a valuable employer
  • Recall latest training trends and techniques for your multi-generational staff
  • Identify innovative learning solutions and current initiatives in the learning industry

07

Tuesday
11:40AM-12:30PM

EBP1940. Effective Audit Planning: Best Practices for Plan Sponsor and Auditors

Instructor: Santiago Bianchi, Peggy Bradley, Wesley White
Track: Accounting & Auditing
Knowledge Level: None
Field of Study: Auditing
CPE Credits: 1.0

Provide best practices regarding the planning and management of benefit plans audit engagements, from a Plan Sponsor perspective.

Learning Objectives:

  • Understand the importance of strong planning and preparation for a successful "smooth" audit
  • An open honest plans sponsor/auditor communication is key to enable trust on both sides
  • Help the Auditor understand your plans. It will help/facilitate the auditors work and reduce recycle and unnecessary efforts. 4- The Audit is not only a legal requirement. It's a plan sponsor extraordinary external review that helps ensure regulatory compliance.

12:30PM-1:30PM

07

Tuesday
1:30PM-2:45PM

EBP1941. Investments Commonly Used in Employee Benefit Plans

Instructor: Travis Jack, Brad Wall
Track: Audit Fundamentals
Knowledge Level: Basic
Field of Study: Auditing
CPE Credits: 1.5

This session provides an overview of investments commonly held by defined contribution plans and focuses on investment testing and disclosures relevant to the fundamentals track case study.

Learning Objectives:

  • Identify the key characteristics of various investments commonly held in plans, including insurance products, common/collective trust funds, pooled separate accounts, mutual funds, and self-directed brokerage accounts.
  • Recall the risk assessment of relevant assertions and the planned audit procedures of the case study
  • Select sampling and testing procedures utilizing examples from the fundamentals track case study for investments and investment income
  • Recognize unique financial reporting requirements for investments

07

Tuesday
1:30PM-2:45PM

EBP1942. Audit and Accounting for Common Investments

Instructor: Eric Carroll, Steve VanSteenkiste
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Auditing, Accounting
CPE Credits: 1.5

This session will discuss various investments that are commonly held by employee benefit plans including investment contracts and stable value products. The session will also cover relevant valuation and classification concepts.

Learning Objectives:

  • Identify common investments held by employee benefit plans
  • Analyze stable value products, including design, valuation, and operation
  • Distinguish reporting of common insurance company products compared to other investments
  • Recognize unique considerations needed for these investments

07

Tuesday
1:30PM-2:45PM

EBP1943. Common IRS/DOL Errors and How to Correct Them (Repeated in Session 64)

Instructor: Renee Cahill, Mark Ritter
Track: Plan Design & Tax Compliance
Knowledge Level: Basic
Field of Study: Taxes
CPE Credits: 1.5

This course will provide an introductory discussion about the basic parameters relating to how common IRS/DOL errors can be corrected under the IRS Employee Plans Compliance Resolution System (EPCRS) and the DOL Voluntary Fiduciary Correction Program (VFCP). This course will include comments on the recently released EPCRS Program.

Learning Objectives:

  • Identifying common plan administrative and similar errors
  • Recognize appropriate and compliant correction methods for respective errors.

07

Tuesday
1:30PM-2:45PM

EBP1944. It’s Never Too Soon to Start Retirement Planning

Instructor: Avery Neumark, Carol Zurcher
Track: Industry Update
Knowledge Level: Basic
Field of Study: Taxes
CPE Credits: 1.5

Common research shows many individuals wait too long to start tax and retirement planning. This can cause one to work longer or unexpected stress as one nears retirement. Be proactive and get started now! It’s never truly too soon. The session will cover topics such as IRAs and what is the right IRA for you, social security 101, estate planning, and navigating your current retirement plan.

Learning Objectives:

  • Recall retirement planning considerations for all generations and the importance of beneficiary selections
  • Recognize important aspects of your retirement plan and select the appropriate IRA that matches your retirement goals
  • Distinguish between a Roth or a Roth Conversion
  • Identify key ages when discussing retirement goals

07

Tuesday
1:30PM-2:45PM

EBP1945. Sponsor Accounting for Compensation in DB and HW (ASC 715)

Instructor: Catherine Daubek, Dennis Polisner
Track: Advanced Professionals
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

This session will provide an overview of the accounting for DB and H&W plans based on the guidance from ASC 715-30 and ASC 715-60. It will compare and contrast the accounting for plan sponsors with the accounting for the plans under ASC 960 and ASC 965. The session will also cover the objectives of sponsor accounting, the balance sheet and P&L aspects of the standards, and special situations such as curtailments and settlements.

Learning Objectives:

  • Evaluate these unique accounting models
  • Reconstruct sponsor accounting and plan accounting based on ASC 715

07

Tuesday
1:30PM-2:45PM

EBP1946. Managing Self-Insured Benefits Costs

Instructor: Garret Hansen, Jonathan Trionfi
Track: Enhanced Knowledge
Knowledge Level: Advanced
Field of Study: Business Management & Organization
CPE Credits: 1.5

A review of self-insured medical benefits costs, what has been driving the costs up recently, and steps companies are taking to manage, contain, and reduce costs.

Learning Objectives:

  • Predict self-insured benefit plans costs based on plan characteristics
  • Evaluate benefit plan costs management processes

07

Tuesday
1:30PM-2:45PM

EBP1947. Health & Welfare Plans - Understanding the Claims Process and Testing Claims

Instructor: Gabriel O'Keefe, Francis Orejudos
Track: Accounting & Auditing
Knowledge Level: Advanced
Field of Study: Auditing, Accounting
CPE Credits: 1.5

This session will describe how medical claims are processed by self-insured plans. We will explain the auditor's responsibility with auditing self-insured claims in a financial statement audit; and clarify the difference between a medical claims review and a financial statement audit. The session will also discuss best practices for testing these types of claims, including possible uses of data analytics; specifically on auditing claims and risk assessment.

Learning Objectives:

  • Reconstruct the life-cycle of a claim
  • Categorize the different purposes for each type of audit (i.e., medical claims audit, financial statement audit)
  • Assess risk assessment for a self-insured Health and Welfare Plan audit
  • Evaluate the auditor’s responsibility when auditing a self-insured health and welfare plan and describe the difference between a medical claims audit and a financial statement audit, and where the findings in a claims audit can help the financial statement auditor

2:45PM-2:55PM

07

Tuesday
2:55PM-3:45PM

EBP1948. Distributions and Plan Expenses

Instructor: Anne Morris, Tiffany White
Track: Audit Fundamentals
Knowledge Level: Basic
Field of Study: Auditing, Taxes
CPE Credits: 1.0

This session will provide an overview of distributions and common errors in a defined contribution plan and will focus on the testing of distributions and plan expenses for the fundamentals track case study.

Learning Objectives:

  • Identify the various types of distributions (retirement, rollovers, hardships, loans, etc.), vesting and forfeitures, as well as the different forms of payment (lump sum, annuities)
  • Recall the risk assessment of relevant assertions and the planned audit procedures of the case study
  • Select sampling and testing procedures for distributions (including vesting and forfeitures), participant loans, and hardships utilizing examples from the fundamental track case study

07

Tuesday
2:55PM-3:45PM

EBP1949. Common Financial Statement Errors

Instructor: Jean Hackstock, Jillian Mott
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Auditing
CPE Credits: 1.0

Go through common financial statements and the common errors using the disclosure checklist for DC, DB and H&W plans. Focus more on the common financial statement errors and how to correct them.

Learning Objectives:

  • Identify common errors seen in financial statements
  • Differentiate financial statement presentation based on certain benefit plan types (e.g. defined contribution, defined benefit and health & welfare)

07

Tuesday
2:55PM-3:45PM

EBP1950. Distributions & Participants Loans - All the Updates You Need To Know

Instructor: Amisha Patel, Avery Neumark, Thomas Pevarnik
Track: Plan Design & Tax Compliance
Knowledge Level: Basic
Field of Study: Auditing, Taxes
CPE Credits: 1.0

This session will focus on the tax compliance and auditing aspects, including plan design, related to participant loans and plan distributions.

Learning Objectives:

  • Recall new developments regarding coordination of hardship distributions and participant loans
  • Recall the effects of the Tax Cuts and Job Act of 2017 and the Bipartisan Budget Act of 2018 on distributions and loans
  • Recognize planning opportunities for both plan sponsors and participants

07

Tuesday
2:55PM-3:45PM

EBP1951. Revival of Pension Plans for Executives

Instructor: Christa Bierma, Rob Keller
Track: Industry Update
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

Session covers the use of pension plans as a tool for mitigating the impact of section 162(m), section 4960, and allowing for access to the section 199A deduction for a specified service trade or business.

Learning Objectives:

  • Analyze the treatment of qualified plans as income for purposes of section 162(m), section 4960, and section 199A.
  • Determine strategies for addressing the various issues that may arise.

07

Tuesday
2:55PM-3:45PM

EBP1952. Tax and Audit Lightening Round The Daily Double

Instructor: David Torillo, Michelle Buckley
Track: Industry Update
Knowledge Level: Intermediate
Field of Study: Auditing, Taxes
CPE Credits: 1.0

07

Tuesday
2:55PM-3:45PM

EBP1953. How an Auditor Adds Value to a Client

Instructor: Jewell Esposito
Track: Enhanced Knowledge
Knowledge Level: Advanced
Field of Study: Auditing
CPE Credits: 1.0

Session gives CPAs tools and topics to coach their EB Plan clients on plan governance: reach of fiduciary responsibility/oversight, understanding "bundled" arrangements, why the DOL demands an IPS (even if the law does not), choosing a 3(21) or a 3(38) to assist, issues even auditors sometimes miss.

Learning Objectives:

  • Formulate your firm's plan to be a value-add to an EBP client
  • Interpret comments from a recent client survey to customize your EBP practice
  • Predict issues auditors should find or consult on for their EBP clients

07

Tuesday
2:55PM-3:45PM

EBP1954. Accounting & Auditing for ESOPs

Instructor: Theresa Banka, Dena Herbolich
Track: Accounting & Auditing
Knowledge Level: Basic
Field of Study: Auditing, Accounting
CPE Credits: 1.0

This hands on class will walk through the key areas of accounting, auditing and financial reporting for ESOPs.

Learning Objectives:

  • Recognize relevant provisions of ESOPs
  • Recall practical knowledge for auditing private company stock, release of shares from suspense and other unique ESOP provisions
  • Recognize the proper reporting and disclosure requirements for ESOPs

07

Tuesday
4:15PM-5:30PM

EBP1955. Ask the Regulators: Fireside Chat

Instructor: Scott Albert, Marcus Aron, Catherine Jones, Garardo Velez
Track: General Session
Knowledge Level: Update
Field of Study: Auditing, Taxes
CPE Credits: 1.5

This is a great opportunity to ask questions of government agency representatives who administer ERISA.

Learning Objectives:

  • Recall a better understanding of those issues that are facing accounting and tax professionals who work in employee benefit plans

08

Wednesday
7:00AM-7:50PM

EBP19203. Ethics, Independence & EBPs

Instructor: Melissa Critcher, Gabriel O'Keefe
Track: Accounting & Auditing
Knowledge Level: Basic
Field of Study: Behavioral Ethics
CPE Credits: 1.0

With a particular focus on employee benefit plan audit considerations, this session will provide an overview of the AICPA Professional Code of Conduct and affiliate independence rules.

Learning Objectives:

  • Recall the AICPA Professional Code of Conduct
  • Distinguish between the difference in independence and conflicts of interest
  • Identify common threats to independence
  • Recognize the affiliate entity rules in a benefit plan environment and related resources

08

Wednesday
7:00AM-7:50PM

EBP19204. Building your EBP Practice

Instructor: Travis Jack, David Torrillo
Track: Enhanced Knowledge
Knowledge Level: Basic
Field of Study: Personal Development
CPE Credits: 1.0

Overview of the step by step process of building a niche practice or service line focused on employee benefit plan attestation services.

Learning Objectives:

  • Identify tools and resources to enhance specialized knowledge necessary for employee benefit plan audits.
  • Recall successful marketing strategies to grow your practice and opportunities to implement efficiencies as you scale your practice.

08

Wednesday
7:00AM-7:50PM

EBP19205. 404( c) and 404(a)(5) compliance Fund Selection Process

Instructor: Kelly Davis, Kimberly Flett
Track: Advanced Professionals
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

Session will examine the importance of Sections 404(c) and 404(a)(5) and the application in qualified plans to help facilitate the auditor's procedures.

Learning Objectives:

  • Indicate when the application of Sections 404(c) and 404(a)(5) should apply to qualified plans.
  • Recognize lack of non-compliance in qualified plans.

08

Wednesday
7:00AM-7:50PM

EBP19206. How one profession is preparing another (ours)

Instructor: Gus De Franco
Track: Enhanced Knowledge
Knowledge Level: None
Field of Study: Accounting
CPE Credits: 1.0

Have you wondered, as an employer, what your incoming staff is learning? Will those classes of recruits have knowledge on technology, critical thinking, and data analytics? Dr. Gus De Franco from Tulane will give you a taste of what he is currently teaching his accounting students, who will eventually be your next class of associates. Dr. De Franco will share how Tulane, and other universities he is aware of, stay on the cutting edge of what changes in the accounting profession in order to keep accountants and financial professionals relevant tomorrow.

Learning Objectives:

  • Identify changes in degree programs to adapt to changes in the accounting profession
  • Recall what accounting students are currently learning in accounting degree programs

08

Wednesday
7:00AM-7:50PM

EBP19207. Breaking Down the Definition of Compensation (Repeat of Session 35)

Instructor: Chip Harris, Kimber Smail-benedict, William O'Malley
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Auditing, Accounting
CPE Credits: 1.0

It's not uncommon for employee benefit plan auditors to find errors in the application of a plan’s definition of compensation. However, truly understanding a plan’s definition of compensation is not always straight forward. This session will explore different definitions of compensation that are commonly used by plans, as well as some of the nuances that can make understanding the definition of compensation more challenging.

Learning Objectives:

  • Recognize various definitions of compensation that are commonly used in plan documents.
  • Identify common errors found when applying a plan's defintion of compensation to how compensation is calculated.

7:50AM-8:00AM

08

Wednesday
8:00AM-9:15AM

EBP1956. Financial Reporting and Audit Wrap-Up

Instructor: Gwen Stoute Bryant, Anne Morris
Track: Audit Fundamentals
Knowledge Level: Basic
Field of Study: Auditing, Accounting
CPE Credits: 1.5

This session will cover audit completion and financial reporting for a defined contribution plan, focusing on the fundamental track case study, including required communications to management and those charged with governance.

Learning Objectives:

  • Identify presentation requirements for defined contribution plans
  • Recognize financial statement and excerpts of communications to management and those charged with governance relevant to the fundamentals track case study
  • Recall procedures necessary related to a plan’s Form 5500, compliance/discrimination testing, and supplementary schedules
  • Distinguish between the required communications of the plan auditor to management and those charged with plan governance

08

Wednesday
8:00AM-9:15AM

EBP1957. Sort Out the SOC Reports used in Your EBP Audits (Repeat of Session 20)

Instructor: Patricia McCormick, Sue Peirce
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Auditing
CPE Credits: 1.5

Each year, you hear about increasing the usage of SOC 1 reports in your EBP audits. Attend this session and leave knowing why it's imperative to use a SOC 1 report in your audit, if applicable. The session will cover key differences between SSAE 16 and SSAE 18. Content will also include subservice provider reports and noting subservice provider user controls, efficient ways to review and summarize a SOC 1 report, and what to do if you can't obtain a SOC 1 report but need one.

Learning Objectives:

  • Identify the appropriate audit approach regarding subservice organizations and complimentary user entity controls.
  • Analyze the impact of carve-outs, complementary user controls, exceptions in testing, and report qualifications.
  • Analyze the differences between SSAE 16 and SSAE 18.
  • Determine efficient ways to summarize and evaluate information in SOC 1 reports.

08

Wednesday
8:00AM-9:15AM

EBP1958. IRS and DOL Audits: Common Findings and Focus Areas

Instructor: Gerardo Velez
Track: Plan Design & Tax Compliance
Knowledge Level: Advanced
Field of Study: Auditing, Taxes
CPE Credits: 1.5

Hear directly from IRS and DOL what they are finding in IRS exams and DOL investigations

08

Wednesday
8:00AM-9:15AM

EBP1959. Fraud in Employee Benefit Plans: Case Studies

Instructor: Jewell Esposito
Track: Industry Update
Knowledge Level: Basic
Field of Study: Auditing
CPE Credits: 1.5

Promote well-rounded controls in your EBP clients and work with them to detect common areas where fraud and embezzlement may happen. Hear how plan fiduciaries, retirement plans, health/welfare plans, etc. were victimized in the last year. Know how to assist your client in reporting to the DOL/EBSA, IRS/CID, insurance companies, and police detectives.

Learning Objectives:

  • Recall similar situations where fraud happened to EBP clients like yours
  • Indicate what controls can be enhanced to lessen the risk your clients incur fraud and/or embezzlement while they are your client

08

Wednesday
8:00AM-9:15AM

EBP1960. MEWAs, MEPs, PEO and Outsourcing

Instructor: Melissa Krutzman, Mark Grushkin, William O'Malley
Track: Advanced Professionals
Knowledge Level: Advanced
Field of Study: Taxes
CPE Credits: 1.5

MEWA sponsorship has been enhanced to include Association Health Plans – This session will describe the challenges instituting these arrangements on a self-insured or insured basis. Multiple Employer Retirement Plans have also been extended to associations for ERISA compliance and reporting purposes but these arrangements will also have challenges for expansion under the Code. We will also address PEO and other outsourcing arrangements that plan sponsors enter into and exit from, including leased employee situations.

Learning Objectives:

  • Evaluate Association Health Plans operational and legal challenges
  • Identify MEP pros and cons for employers
  • dentify challenges in corporate transactions with PEOs, including mergers, spinoffs and terminations
  • Identify common strategies in plan design utilizing leased employees from outsourcing entities

08

Wednesday
8:00AM-9:15AM

EBP1961. Service Providers - Working Together Effectively

Instructor: Jean Hackstock, Michael Kraemer, Kizzy Gaul
Track: Enhanced Knowledge
Knowledge Level: None
Field of Study: Business Management & Organization
CPE Credits: 1.5

This session will provide tips and general framework for working with plan service providers to achieve a successful, quality audit.

Learning Objectives:

  • Tips and general framework of getting the most out of plan service providers you work with.
  • How to enhance the flow of information by involving providers early in the process and agreeing on timing expectations.
  • •Positive impact of working together as a team and how to remove common obstacles in the audit process.

08

Wednesday
8:00AM-9:15AM

EBP1962. Work The Core, Don't Fail in Assessing Risk (Repeat of Session 6)

Instructor: Carl Mayes, Diane Walker, Michele Weldon
Track: Accounting & Auditing
Knowledge Level: Advanced
Field of Study: Auditing
CPE Credits: 1.5

Partners, are you starting your audit off properly? Most practitioners answer, "yes." However, more than a decade after the risk assessment standards were issued, the AICPA Peer Review team found that more than half of all firms fail to comply with AU-C Section 315 or 330.

At the core of every audit are the goals of identifying, assessing, and responding to risks of material misstatement. Ensure your EBP audits comply with risk assessment standards. The discussion will include misconceptions commonly held by senior-level practitioners and how to avoid these common areas of non-compliance.

Learning Objectives:

  • Interpret commonly misapplied requirements of AU-C Sections 315 and 330.
  • Contrast common areas of non-compliance found by AICPA Peer Review team research to your EBP audit performance.
  • Assess practical application of the standards in EBP audits.

08

Wednesday
9:45AM-11:00AM

EBP1963. Communicating Errors to Plan Sponsors

Instructor: Monique Elliott, Wendy Terry
Track: Accounting & Auditing
Knowledge Level: Basic
Field of Study: Auditing
CPE Credits: 1.5

Due to the structure of benefit plans, errors often may occur. We will identify many typical errors noted in employee benefit plans and also discuss ways these can be corrected through various approved methods. We will also identify various ways to communicate these errors to those charged with governance and the implications of the errors on the audit.

Learning Objectives:

  • Identify common corrections and the auditor’s responsibility/impact/reporting requirements
  • Identify plan corrections and its impact on Plan F/S - For Advanced Auditors

08

Wednesday
9:45AM-11:00AM

EBP1964. Common IRS/DOL Errors and How to Correct Them (Repeat of Session 43)

Instructor: Renee Cahill, Mark Ritter
Track: Plan Design & Tax Compliance
Knowledge Level: Basic
Field of Study: Taxes
CPE Credits: 1.5

This course will provide an introductory discussion about the basic parameters relating to how common IRS/DOL errors can be corrected under the IRS Employee Plans Compliance Resolution System (EPCRS) and the DOL Voluntary Fiduciary Correction Program (VFCP). This course will include comments on the recently released EPCRS Program.

Learning Objectives:

  • Identifying common plan administrative and similar errors
  • Developing ability to determine appropriate and compliant correction methods for common errors.

08

Wednesday
9:45AM-11:00AM

EBP1965. What does an IRS/DOL Exam Look Like?

Instructor: Wayne Kamenitz, Chris Shankle
Track: Plan Design & Tax Compliance
Knowledge Level: Basic
Field of Study: Auditing, Taxes
CPE Credits: 1.5

Pre and post exam and all in-between. Why does an auditor care about this?

Learning Objectives:

  • Identify what the IRS/DOL ask for and focus on during examinations.
  • Identify hot topics and common issues found on examinations.
  • Recognize the exposure to the plan, it’s participants and the plan sponsor when an IRS/DOL examination occurs.
  • Recall how the plan sponsor can prepare for and mitigate the risks of an IRS/DOL examination.

08

Wednesday
9:45AM-11:00AM

EBP1966. First Time Audits

Instructor: Debbie Smith, David Torrillo
Track: Advanced Professionals
Knowledge Level: None
Field of Study: Auditing
CPE Credits: 1.5

Learning Objectives:

  • Identify specific audit issues related to plans that previously were not subject to audit, or were audited by another firm.
  • Recall how events such as plan mergers, plan spin-offs, and change in the number of plan participants, or a newly established plan, may result in an “initial audit” that requires auditing the plan’s opening balances

08

Wednesday
9:45AM-11:00AM

EBP1967. Auditing and Reporting for Terminating Plans

Instructor: Melissa Critcher, Theresa Banka
Track: Advanced Professionals
Knowledge Level: Advanced
Field of Study: Auditing, Taxes
CPE Credits: 1.5

This session will provide an overview of key changes in the audit and reporting when a plan sponsor of a retirement plan concludes the plan’s termination is imminent. This session will also cover reporting under the liquidation basis of accounting.

Learning Objectives:

  • Evaluate plan sponsor’s conclusion that termination is imminent
  • Assess risk factors associated with terminating plan
  • Formulate reporting under the liquidation basis of accounting

08

Wednesday
9:45AM-11:00AM

EBP1968. Both Direct and Indirect DB Pension Costs Need Audit Attention - Presented by Pacific Life

Instructor: Russ Proctor, Stephen Keating, Marty Menin
Track: Accounting & Auditing
Knowledge Level: Basic
Field of Study: Auditing, Accounting
CPE Credits: 1.5

Many of the 20,000 organizations with private sector defined benefit (DB) plans do not understand the full cost they are incurring to maintain these plans. As fiduciaries, CFOs who sponsor DB plans are responsible for ensuring both direct and indirect costs incurred by the plan are reasonable. Auditors may just be looking at the direct costs that are easily observable and simply comparing them to past years for reasonableness. DB plan sponsors need their accountants and auditors to also bring these indirect costs to their attention and help to determine if they are reasonable by comparing both direct and indirect costs to the market. From and organization perspective, executives should be asking if continuing these costs are consistent with their objective to maximize organization value. This session will provide you tools to identify and measure those costs and give you solutions to help your organization or client reduce or eliminate those costs and risks.

Learning Objectives:

  • Identify and measure the direct and indirect costs related to maintaining a DB plan.
  • Recall available solutions to help your organization or client reduce or eliminate those costs and risks.

11:00AM-11:10AM

08

Wednesday
11:10AM-12:25PM

EBP1969. Asking for a Friend

Instructor: Gwen Stoute Bryant, Travis Jack, Anne Morris, Sara Wilson
Track: Audit Fundamentals
Knowledge Level: Basic
Field of Study: Auditing, Accounting
CPE Credits: 1.5

There will be a tremendous amount of information covered in the fundamental track sessions, and we are sure there will be questions that may not get answered during the sessions, or topics that just a need a little bit more explanation. This is your chance to ask about any of the topics covered in the fundamental track sessions – by a panel of the instructors that led these sessions. Come prepared with all of your, or “your friend’s”, questions for our case study leaders.

Learning Objectives:

  • Recall answers to outstanding questions in areas of an EBP audit
  • Indicate your clarification or dig deeper on items discussed during the Fundamental Track sessions

08

Wednesday
11:10AM-12:25PM

EBP1970. Ask the Experts A&A

Instructor: Sandi Carrier, Debbie Smith, Josie Hammond, Cindy Dwyer
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Auditing, Accounting
CPE Credits: 1.5

Bring specific questions and hear from industry experts, including members of the AICPA’s EBPAQC expert panel, who deal with emerging issues and current service opportunities, in practical and helpful terms.
Objectives:

Learning Objectives:

  • Use answers from audience questions related to EBP in your EBP audit practice.
  • Apply best practices to take back to your firm to apply in your EBP practice.

08

Wednesday
11:10AM-12:25PM

EBP1971. Traps for Privately Owned Business

Instructor: Eddie Adkins, Carol Zurcher
Track: Plan Design & Tax Compliance
Knowledge Level: Basic
Field of Study: Taxes
CPE Credits: 1.5

Owning a privately-held business can be tricky. Be aware of these common “traps” and differences in C-corps, S-Corps, LLCs, sole proprietorships, and partnerships by attending this session. Questions about owner compensation, owner contributions, employment status, affiliated service groups, controlling interests, and benefits will be answered. Find out what happens if your plan become top heavy and how you can best monitor, as a plan sponsor, if your plan needs an audit.

Learning Objectives:

  • Recall how owners are compensation and if a partner can be an employee.
  • Recognize reasonable compensation for an owner.
  • Indicate how and where contributions are declared and how these groups impact benefits, testing, and compliance.
  • Recall the definition of an affiliated service group and controlled group.