At this special one-day conference for plan auditors, receive practical guidance on hot-topic issues and developments from national authorities and industry experts. Find out how to mitigate risk while remaining compliant with current standards.
BENEFITS
Can't attend this event in person? Earn 4 credits by registering for the half-day webcast 8:15am-12:05pm). To regiser for the webcast, click
here. HIGHLIGHTS
Agenda
Thursday, May 7, 2015
7:45-8:15am
Registration and Continental Breakfast
8:15-8:30am
Opening Remarks
David R. Dacey, CPA – WithumSmith+Brown PC
8:30-9:20am
Avoiding Potential Auditor Nightmares and Other Audit Issues (AA)
Jodi M. Brown, CPA – SaxBST
Jennifer L. Moroz, CPA – SaxBST
In this session we will discuss the complications and problems we face with First Year Audits and Potential Compliance Issues. We will also dive into the analysis of Risk Assessment and everyone's friend - The SOC I Report.
9:20-10:35am
U.S. Department of Labor Update (AA)
Michael E. Auerbach, CPA – U.S. Department of Labor
The U.S. Department of Labor (the “DOL”) is the principal federal agency responsible for oversight of employee benefit plan compliance. This session will provide you with a first-hand account of compliance issues the DOL is currently facing, and the steps they are taking to ensure adequate oversight of employee benefit plans.
10:35-10:50am
Morning Break
10:50am-12:05pm
Fiduciary Developments for 2015 Plan Audits (AA)
David R. Dacey, CPA – WithumSmith+Brown PC
David Hudak, QKA, QPFC – Portfolio Evaluations, Inc.
Understanding the latest developments affecting today's fiduciary is an important aspect for an auditor's understanding of the plan in performing an appropriate risk assessment. Please join our speakers as they discuss developments related to ERISA spending accounts, self-directed brokerage accounts, auto-enrollment and escalation and other issues.
12:05-1:00pm
Lunch
1:00-1:50pm
Professional Ethics Update (PE)
Lisa A. Snyder, CPA, CGMA – American Institute of CPAs
Get introduced to the new AICPA Code of Professional Conduct, which became effective December 15, 2014, and learn how its structure will help you to navigate ethical decisions. This session will also cover recently adopted ethics standards as well as upcoming changes to the Code.
1:50-2:40pm
Accounting & Auditing Update (AA)
Kriste Naples-DeAngelo, CPA, MBA, CGMA – EisnerAmper LLP
Each year we all benefit from a high level view of new Accounting and Auditing topics as well as a look back at prior year implementation and best practices. This session will provide information on new standards and will review existing requirements to provide attendees with useful information on common mishaps that occur in the implementation of previously implemented standards.
2:40-2:55pm
Refreshment Break
2:55-3:45pm
Common Plan Errors and Correction Programs to Fix Them (AA)
Elizabeth B. Harper, CPA – Sobel & Co. LLC
The program will address how to identify common plan errors, how to ensure you have a full listing of the errors and then the correction programs available to fix the errors. The program will go through details of the correction programs. In addition best practices on plan auditing will be reviewed and discussed.
3:45-4:35pm
What Would You Do? – Panel Discussion (AA)
Our team of panelists will discuss common, but often challenging practice issues affecting auditors in the conduct of their audits of employee benefit plans. This session provides an opportunity for audience participants to raise questions that they see as part of their audit engagements of these plans.
COURSE LEVEL
Basic