Employee Benefit Agenda

Wednesday, June 10, 2020
Opening Remarks
8:00am-8:10am
General Session

Department of Labor Update (Credits: 1.0 AA)
8:10am-9:00am

Marcus Aron, CPA, CGMA
Senior Auditor / US Department of Labor, EBSA
Washington, DC
What’s going on at the DOL that will impact the upcoming is season’s benefit plan audits?  Explore:

-What’s going on at the DOL’s Office of the Chief Accountant
-Reporting Compliance
-Plan Auditor Universe
-DFVC Program
-Peer Review
-New EBP Audit Standard
-Audit Quality Initiatives


401(K) Auditing 101- Part 1 (Credits: 1.0 AA)
9:00am-9:50am

Jodi Malis, CGMA,CPA
Partner / Hancock Askew & Co LLP
Coral Gables, FL
AND
Monique Elliott
Managing Member / Elliott Group CPAs, PLLC
Charlotte, NC
The Basics of Auditing 401(k) Plans.  Auditing a 401(k) Plan has many differences from a traditional financial statement audit. In this session we will focus the key areas in a 401(k) audit, including planning, eligibility, contribution, distribution and loan testing. Auditing in an electronic environment will also be included in this session.


Break
9:50am-10:00am
General Session

Audit Quality Center Tools AICPA (Credits: 1.0 AA)
10:00am-10:50am

Ian A. MacKay, CPA
Director, Federal Regulatory Affairs / AICPA
Washington, DC
This session will help you perform efficient and effective EBP audits. Topics include:
• EBP audit focus areas, including internal control and risk assessment
• New EBPAQC tools and resources
• AICPA Peer Review and Ethics activities affecting EBP audits 
• Future of Auditing and Enhanced Audit Quality (EAQ) Initiatives


401(K) Auditing 101 - Part 2 (Credits: 1.0 AA)
10:50am-11:40am

Jodi Malis, CGMA,CPA
Partner / Hancock Askew & Co LLP
Coral Gables, FL
AND
Monique Elliott
Managing Member / Elliott Group CPAs, PLLC
Charlotte, NC
The Basics of Auditing 401(k) Plans.  Auditing a 401(k) Plan has many differences from a traditional financial statement audit. In this session we will focus the key areas in a 401(k) audit, including planning, eligibility, contribution, distribution and loan testing. Auditing in an electronic environment will also be included in this session.


Lunch
11:40am-12:45pm
General Session

EBP RoundTable Panel (Credits: 1.0 AA)
12:45pm-1:35pm

Wendy Y. Terry, CPA, CGMA
Partner-in-Charge Florida / WithumSmith+Brown, PC
Orlando, FL
AND
Ian A. MacKay, CPA
Director, Federal Regulatory Affairs / AICPA
Washington, DC
AND
Jodi Malis, CGMA,CPA
Partner / Hancock Askew & Co LLP
Coral Gables, FL
AND
John Burgess, CPA,Esq.,LLM (TAX)
Partner / Shumaker, Loop & Kendrick, LLP
Tampa, FL
AND
James Haubrock
Shareholder / Clark, Schaefer, Hackett & Co.
Miamisburg, OH
Employee Benefit Plan speakers will discuss:
 - What unique EBP issues this year and next year during the COVID-19 pandemic
 - How has the audit process changed with remote auditing
 - How to maximize effectiveness. Best practices
 - What resources are available from the AICPA


Accounting and Auditing Update (Credits: 1.0 AA)
1:35pm-2:25pm

James Haubrock
Shareholder / Clark, Schaefer, Hackett & Co.
Miamisburg, OH
This session is designed to review current new accounting and audit standards impacting employee benefit plan audits as well as those impacting future audits.  We will also review the new auditors reporting standard and how you will need to prepare for future audits as well as what you clients will need to be ready to address.


Break
2:25pm-2:40pm
General Sessions

Risk Assessment (Credits: 1.0 AA)
2:40pm-3:30pm

Wendy Y. Terry, CPA, CGMA
Partner-in-Charge Florida / WithumSmith+Brown, PC
Orlando, FL
Upon completion of this session, participants will be able to identify issues associated with the risk assessment standards in employee benefit plan audits and review resources available to help auditors perform more effective risk assessments, appropriately link their risk assessments to their audit procedures and comply with the standards.


Internal Control & SOC Reports (Credits: 1.0 AA)
3:30pm-4:20pm

Tiana Wynn
Senior Manager / SB & Company, LLC
Owings Mills, MD
Upon completion of this session, participants will be able to understand the impact of the SOC 1 Type 2 report on the risk assessment process in employee benefit plans. We will also review available tools to effectively document the auditor’s understanding of the controls and the service organizations and the relevant user control considerations.