Thursday, May 19, 2022
8:05am-8:55am
A - Department of Labor: The Latest Updates (A&A)
Credits: 1.0 AA
Jean M. Malis, CPA
Partner
/
Hancock Askew & Co, LLP
,
Peachtree Corners, GA
Lynne McMennamin, CPA
US Department of Labor (PWBA)
,
Washington, DC
During this session, we’ll discuss the work being done at EBSA's Office of the Chief Accountant. We will include a discussion of the office’s audit quality study and changes to the 2021 Form 5500. We’ll discuss tips on how to help your clients be compliant with ERISA. Learn common reporting deficiencies, including common errors in reporting on supplemental schedules. Also learn why some audits of employee benefit plans are deemed deficient and what you can do to help make sure your audits are satisfactory.
9:05am-10:20am
B - Common Plan Operational Deficiencies and Approved Correction Methods (A&A)
Credits: 1.5 AA
Jeffery J. Seay, CPA, CIT
Managing Partner
/
Seay & Weissinger, LLC --
,
Atlanta, GA
Edmund Emerson III
Morris, Manning & Martin, L.L.P.
,
Atlanta, GA
Receive an update on recent IRS/DOL correction method changes and review examples of common operational errors and approved methods for correcting those errors to bring the plan into compliance with the IRC. At the end of the session, there will be time for questions from the audience.
10:30am-12:10pm
C - Accounting & Auditing Update, Including SAS 136 (A&A)
Credits: 2.0 AA
Anne E. Morris, CPA
Windham Brannon, PC
,
Atlanta, GA
Melissa C. Herbert, CPA
Audit Manager
/
Warren Averett, LLC
,
Atlanta, GA
Discuss an overall A&A update while focusing more on SAS 136. Cover all you need to know about SAS No. 136, Forming an Opinion and Reporting on Employee Benefit Plans Subject to ERISA. Gain an understanding of SAS No. 136 and discuss what you should be doing for the new performance requirements. Discussion includes engagement acceptance considerations, risk assessment and response relating to relevant plan provisions and reportable findings and required procedures relating to the ERISA section 103(a)(3)(C) audit.
1:05pm-2:20pm
D1- Defined Benefit and Health and Welfare Plans – What’s New and Different About Them (A&A)
Credits: 1.5 AA
Christopher Rouse, CPA
Windham Brannon, PC
,
Atlanta, GA
Drill down on what’s different about SAS 136 and sec. 103 for DB and H&W plans. Look at specific areas where peer reviewers have found nonconforming engagements in these types of plans and give you insights into how to avoid being nonconforming. Hear this experienced auditor and peer reviewer and take away valuable knowledge.
1:05pm-2:20pm
D2- Real World Audit Procedures and How to Perform Them More Efficiently (A&A)
Credits: 1.5 AA
Anne E. Morris, CPA
Windham Brannon, PC
,
Atlanta, GA
Brian T. Muia, CPA
Loblolly Solutions
,
Atlanta, GA
Cover detailed testing practices and audit procedures in EBP audits and workpaper templates. Review best practices on documentation and overall efficiency tips. The presentation will show illustrative examples and templates in each of the main sections of an EBP audit.
2:30pm-3:45pm
E1- Cybersecurity – DOL Guidelines, DOL Audits, and Other Best Practices (A&A)
Credits: 1.5 AA
Candace A. Jackson, CPA
Moore Colson CPAs and Advisors
,
Atlanta, GA
Oscar J. Powell III, CPA
Moore Colson CPAs and Advisors
,
Atlanta, GA
In April 2021, the DOL issued some Cybersecurity Best Practices for Plan Sponsors, Service Providers and Individuals. Discuss best practices, how plan sponsors are responding, what that means for EBP auditors and steps the DOL is already taking in this area. Also, discuss SOC 2 reports, cybersecurity guarantees and examples of proactive versus reactive communication from service providers.
2:30pm-3:45pm
E2- What You Need to Know About Plan Mergers, Spin-Offs, Terminations and Common Pitfalls (A&A)
Credits: 1.5 AA
Melissa C. Herbert, CPA
Audit Manager
/
Warren Averett, LLC
,
Atlanta, GA
Bruce J. Burkholder, CPA
Robins, Eskew, Smith & Jordan - RESJ
,
McDonough, GA
Understand GAAP and tax treatment for mergers, terminations and spinoffs. Explore the impact on financial and Form 5500 reporting, common pitfalls, and audit procedures relating to these events.
3:55pm-4:25pm
F - Conference Wrap Up and Phone a Friend (A&A)
Credits: 0.5 AA
Jeffery J. Seay, CPA, CIT
Managing Partner
/
Seay & Weissinger, LLC --
,
Atlanta, GA
Anne E. Morris, CPA
Windham Brannon, PC
,
Atlanta, GA
Melissa C. Herbert, CPA
Audit Manager
/
Warren Averett, LLC
,
Atlanta, GA
Wrap up the day and get your most challenging questions on employee benefit plans answered by experts in the field. The panel includes authorities in the plan areas most relevant to CPAs, including accounting, auditing and legal. Submit your questions throughout the day or bring them to the session.
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