Employee
benefit plans

conference

Check back for 2023 details!


Because you are a CPA who specializes in employee benefit plan audits, we don't have to tell you about the constant need for timely updates on regulations and standards or the challenges employee benefit plans continually face. Lucky for you, PICPA's Employee Benefit Plans Conference can help.

Highlights

  • Department of Labor Update
  • Déjà Vu - Qualified Certifications
  • SAS 136 – Implementation and Compliance
  • SOC Report – Exceptions in Testing and How Auditors Respond
  • Q&A with the Experts

Thanks to our 2022 sponsor Gallagher_Affinity_3D_stacked


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A Look Back at the 2022 Agenda

Featured Speakers

Verrekia_Julie
JulieAnn Verrekia, CPA 
Quality Control Director
Torrillo and Associates LLC
Torrillo_David
Dave Torrillo, CPA
Managing Member
Torrillo and Associates LLC

JulieAnn and Dave will give an A&A update highlighting topics such as:

  • New auditing and reporting standards that affect employee benefit plans, including SAS No. 144, Amendments to AU-C Sections 501, 540, and 620 Related to the Use of Specialists and the Use of Pricing Information Obtained from External Information Sources
  • How recent legislative, regulatory, and industry developments impact employee benefit plans and their auditors
  • FASB Accounting Standards Updates for consideration
  • Hot topics in employee benefit plan peer review and DOL review topics

May 17, 2022

7:45 a.m.
Conference Opens

8:00 a.m.

Department of Labor Update 1-A&A

  • Discussion of the work being done at EBSA's Office of the Chief Accountant, including the office’s audit quality study and changes to the 2021 Form 5500
  • Tips on how to help clients be compliant with ERISA
  • Common reporting deficiencies, including common errors in reporting on supplemental schedules
  • Why some audits of employee benefit plans are deemed deficient and what you can do to help make sure your audits are satisfactory
McMennamin,-Lynne

Lynne McMennamin, CPA
Assistant Chief of the Division of Reporting Compliance
U.S. Department of Labor


8:50 a.m.

Déjà Vu – Qualified Certifications 1-A&A

  • The federal regulations regarding certifications 
  • Management’s responsibilities for certifications
  • Auditor’s responsibilities for certifications 
  • Identifying and analyzing the certifications to determine if they are appropriate and are provided by a qualified certifying institution
  • Impact on the auditor’s deliverables  
O'Brien, Roland

Roland J. O’Brien, CPA
Director, National Assurance Technical Group
CliftonLarsonAllen LLP  


9:40 a.m.
Break

9:50 a.m.

SAS 136 – Implementation and Compliance 2-A&A

  • Review of the key points of SAS 136
  • ERISA Section 103(a)(3)(C) audit
  • Discussion of audit procedures impacted
  • Communication with clients, such as changes to engagement and management representation letters 
  • Best practices and anticipated implementation audit challenges 
Stempin, Nancy

Dr. Nancy Stempin, CPA
Director of Technical Compliance
Brown Schultz Sheridan & Fritz

Esworthy, Scott

Scott A. Esworthy, CPA
Principal and ERISA Technical Expert
Brown Schultz Sheridan & Fritz


11:30 a.m.
Lunch Break

12:20 p.m.

How SOC Reports Impact an EBP Audit1-A&A

  • What type of SOC reports should you request when performing an EBP audit 
  • How to avoid common missteps when using the SOC report in an EBP audit
  • How to handle testing exceptions noted within the SOC report 
BryNildsen, Carolyn

Carolyn BryNildsen, CPA
Director, Employee Benefit Plans
CliftonLarsonAllen LLP

DeSaro,Brenda

Brenda DeSaro, CPA
Director, Employee Benefit Plans
Eisner Advisory Group LLC


1:10 p.m. 

A&A Updates Affecting Employee Benefit Plans 1-A&A

  • New auditing and reporting standards that affect employee benefit plans, including SAS No. 144, Amendments to AU-C Sections 501, 540, and 620 Related to the Use of Specialists and the Use of Pricing Information Obtained from External Information Sources
  • How recent legislative, regulatory, and industry developments impact employee benefit plans and their auditors 
  • FASB Accounting Standards Updates for consideration 
  • Hot topics in employee benefit plan peer review and DOL review topics 
Torrillo_David

David A. Torrillo, CPA
Managing Member
Torrillo & Associates LLC

Verrekia_Julie

JulieAnn C. Verrekia, CPA
Director of Quality Control
Torrillo & Associates LLC


2:00 p.m. 
Break

2:15 p.m.

Hot Topics, Legislative Updates, and Review of Recent Court Cases 1-Other

  • Will your clients' plans be subject to disqualification in the next few months? The window for Cycle 3 restatements closes July 31. 
  • Implementation of SECURE Act provisions and amendments, and a look at the CARES Act
  • MEPs (Multiple Employer Plans), PEPs (Pooled Employer Plans), and GOPs (Groups of Plans)
  • Relevant legislation passed or pending
  • Current court cases or decisions that may affect your clients' retirement plans
  • Required lifetime income disclosures
Ken Marblestone

Kenneth Marblestone, JD
Co-Managing Member
The Mand Marblestone Group LLC


3:05 p.m.

Q&A Expert Panel 1-A&A

  • A general session/open forum with attendees on topics covered in preceding sessions
  • Reinforce the understanding of the issues facing EBP professionals in a question-and-answer format
  • Attendees may submit their questions throughout the conference
BryNildsen, Carolyn

Carolyn BryNildsen, CPA
Director, Employee Benefit Plans
CliftonLarsonAllen LLP

Torrillo_David

David A. Torrillo, CPA
Managing Member
Torrillo & Associates LLC

O'Brien, Roland

Roland J. O’Brien, CPA 
Director, National Assurance Technical Group
CliftonLarsonAllen LLP


3:55 p.m.

See You Next Year!







“This conference provides updates related to accounting and auditing standards, as well as pitfall areas to watch out for when performing EBP audits. Updates on new legislation are helpful for talking to clients about what to look out for in the next year.”

Alison Taughinbaugh, CPA
RKL LLP

Credits

CPE Credits: 7-A&A; 1-Other

Level: Update
Prerequisites: None

CLE Credits: This conference has been submitted for 6.5 Substantive CLE credits. Attorneys requesting CLE credits must include an additional $50.

Is more than one person from your firm attending? Discounts are available.