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If you are involved in audits of employee benefit plans you can’t afford to miss this important new conference. Get first-hand news and information on issues vital to auditors of employee benefit plans from national and local industry experts, including Ian Dingwall, chief accountant of the Department of Labor.
Session Highlights:
- Department of Labor Update
- Compliance Issues - Plan Problems
- Schedule C: C is for Confusion
- Financial Statement Preparation - Tailoring the Guidance to Fit the Plan
- The Fiduciary Code of Conduct
- The New 403(b) Rules: What You Need to Know
- Nonqualified Plans
- Investments - Coping With Accounting and Audit Issues
| Registration Fees: |
|
Manual Fee |
| Member Discount Fee |
$335 |
$15 |
| Conference Fee |
$410 |
$15 |
*CLE by any deadline: $12
E-Materials: Conference materials will be available electronically in advance of the conference. If you would prefer a traditional printed manual, there is a $15 fee. Conference registrants will receive an e-mail one week in advance of the conference with a link to the materials. Attendees who have paid for a printed manual will receive it the morning of the conference.
Schedule at a Glance
|
| 7:30 - 8:00 a.m. |
Registration/Continental Breakfast
|
| 8:00 - 8:05 a.m. |
Opening Remarks - Chairman |
| 8:05 - 9:20 a.m. |
| 1. Department of Labor Update |
| Ian Dingwall, Chief Accountant,
U.S. Department of Labor, Washington, D.C. |
Attend this session and learn:
• Everything CPAs need to know about current regulatory developments at the Department of Labor;
• Details about the department’s audit quality inspection programs and what
distinguishes work that is considered to be “best practice;”
• Which pitfalls most often plague benefit plan audits and result in rejection of Form 5500 filings;
• About the Department’s new audit and reporting requirements for 403(b) plans; and
• About EFAST I and EFAST II filing issues. |
|
| 9:20 - 9:25 a.m. |
Change Break |
| 9:25 - 10:25 a.m. |
| 2. Compliance Issues - Plan Problems |
| Stephanie Jamie-Lynn Ketron,
CPA, Assurance Manager,
PricewaterhouseCoopers LLP,
Bluff City, Tenn. |
| Do you know what to look for to ensure your benefit plan client is in compliance with DOL and IRS
regulations? Do you need a refresher in what it means for an employee benefit plan to be in compliance
with regulations? Do you want to know what the hot topics are in relation to plan compliance? If so, come
join us for a session on compliance issues for the 2009 and 2010 employee benefit plan audits. |
|
| 10:25 - 10:40 a.m. |
Networking Break & Exhibit Viewing
|
| 10:40 - 11:30 a.m. |
| 3. Financial Statement Preparation - Tailoring the Guidance to Fit the Plan |
| Christopher Rouse, CPA,
Principal, Windham Brannon, PC,
Atlanta, Ga. |
| The boilerplate illustrative financial statements are designed for a generic plan, so it is never right for your
carefully designed plan. In this session, you can learn how to tailor the financial statements for different
types of plans, as well as dealing with all the differences in your plan from the boilerplate disclosures of plan design and operation, accounting policies, investments, determination letters and other matters that
are encountered when preparing your plan’s financial statements. Actual plan financial statements will be
used to provide examples of how to tailor your plan’s financial statements. |
|
| 11:30 a.m. - 12:15 p.m. |
Lunch
|
| 12:15 - 1:05 p.m. |
| 4. The Fiduciary Code of Conduct |
| Larry E. Crocker, AIFA, CRPS,
AAMS, PRP, PPC, Chief Executive
Officer, Fiduciary Consulting
Group, Inc., Murfreesboro, Tenn. |
| The retirement plan regulatory environment has experienced tremendous change in the last four
years, and it looks like change will continue. Now more than ever, fiduciaries must understand their
responsibilities and document their actions and decisions. The first step is to understand the fiduciary code
of conduct rules and the standard to which fiduciaries are held. We will identify the types of fiduciaries
named in the Employee Retirement Income Security Act (ERISA), identify the individuals that usually fill
those roles, describe their duties and responsibilities and discuss their five core duties of loyalty. |
|
| 1:05 - 1:10 p.m. |
Change Break
|
| 1:10 - 2 p.m. |
| 5. Investments – Coping With Accounting and Audit Issues |
| Christopher Rouse, CPA,
Principal, Windham Brannon, PC,
Atlanta, Ga. |
| The proliferation of investments available to plans presents some tough issues for plan accountants and
their auditors, and the recent fair value accounting standards further complicates an already difficult area.
This session will explore the investment universe and parse out the accounting for you, using actual plans
as examples of how to cut through the boilerplate disclosures to something clear and concise. For the
auditors, find out how to deal with the DOL expectations when auditing investments, even in limited scope
audits. |
|
| 2 - 2:15 p.m. |
Networking Break & Exhibit Viewing
|
| 2:15 - 3:05 p.m. |
(Concurrent Sessions)
| 6. The New 403(b) Rules: What You Need to Know |
| M. Sean Sullivan, Esq., Partner,
Waller Lansden Dortch & Davis,
LLP, Nashville, Tenn. |
| This session will provide an overview of 403(b) plans, including final Treasury regulations. It will detail both
the similarities and differences between 401(k) and 403(b) plans. It will also highlight the fiduciary and audit
requirements for 403(b) plan sponsors. |
| 7. Practical Applications of Nonqualified Deferred
Compensation Plans |
| Bym Tudor, Tudor Law Firm,
Brentwood, Tenn. and Michael
E. Wesson, CPC, CEBS, Acuff &
Associates, Inc., Brentwood, Tenn. |
| This session will be a discussion on the general requirements of Code 409A as well as the plan design and
administrative issues. |
|
| 3:05 - 3:10 p.m. |
Change Break
|
| 3:10 - 4:25 p.m. |
| 8. Schedule C: C is for Confusion |
| Stephen W. Forbes, J.D., LL.M.,
Vice President, Relius Education,
Sungard, Littleton, Colo. |
| Other than electronic filing, the element of the Form 5500 that has brought about the most questions and
comments is the new Schedule C for disclosure of fees a plan pays, directly or indirectly to service providers.
The Schedule is so confusing that the DOL has had to publish two sets of FAQs on its Web site, and
there are still more questions. In this presentation, we’ll do our best to cut through all the questions and as
much of the confusion as we can. When we’re done, you should know who needs to file, what needs to be
reported and where and how to report it. We’ll preview the new service codes and explain “eligible indirect
compensation” and all the new requirements. |
|
| 4:25 p.m. |
Evaluations/Conference Adjourns
|
|
Registration Information:
CLE (Continuing Legal Education) Credit: The Tennessee Society of CPAs has been granted accredited sponsor status for continuing legal education (CLE) in Tennessee. If you would like to receive CLE credit for this conference, you must advise TSCPA in advance and provide your board of professional responsibility (BPR) number so that the proper paperwork can be completed, and you must remit $12 in addition to the regular conference fee to cover administrative costs.
4 Easy Ways to Register
By Internet
Register Online
By Fax
615/309-8054 or 615/377-3904
By Mail
Mail completed registration form and payment to:
Educational & Memorial Foundation of TSCPA
201 Powell Place, Brentwood, TN 37027
By Phone
1-800/762-0272 or 615/377-3825
This conference is presented by The Educational & Memorial Foundation of the Tennessee Society of Certified Public Accountants and the TSCPA Employee Benefit Plans Conference Committee. |
