May 16, 2017 Chicago, IL. May 16, 2017 Chicago, IL. Conference COMPLEXITY TO CLARITY.

Transcription

1 May 16, 2017 Chicago, IL May 16, 2017 Chicago, IL Conference COMPLEXITY TO CLARITY.

2 Employee Benefits Conference COMLPEXITY TO CLARITY. Changes to the Employee Benefit Plan industry are coming fast and furiously. Increased litigation around fiduciary responsibility, as well as regulators continued efforts to increase audit quality, requires that plan auditors be well-informed to meet the challenges while providing quality audits. This conference has gathered experts from all facets of the industry to provide you with practical insights and actionable strategies to meet these challenges. Personalize your learning experience by choosing from two tailored tracks: Basic Track -- back by popular demand! Designed for staff level professional looking to expand their overall employee benefit knowledge base. Intermediate/Advanced Track Designed for the more experienced professional wanting to dive deep into all the latest challenges and trends. ENGAGE Sessions Learning Made Fun! These sessions will provide engaging learning activities to enhance your conference experience. Walk away with the knowledge you need to boost your job performance! Look for the icon next to the session title. Activities will include: Audience polling Case study analysis Group discussions

3 Conference Details: Chicago Date: May 16, 2017 Course Code: C42491 Location: The Standard Club, 320 S. Plymouth Ct., 5th Floor, Chicago, IL Time: 7:30 am registration; 8:15 am - 4:35 pm program Credits: 8 CPE Hours Early Bird Registration: $335 members $420 non-members Regular Conference Registration: $360 members $445 non-members Credits: Basic Track: 8 CPE, inlcuding 8 Auditing Intermediate/Advanced Track: 8 CPE, including 1 Taxation, 0.5 Accounting 6.5 Auditing, 7 CFP Pending $ Early Bird: Register by April 25, 2017 How to Register: Online: To register online, visit us at the Illinois CPA Society s website: Phone: Call us from 8:00 am to 5:00 pm, Monday through Friday at: then dial 4 100% Satisfaction Guarantee We strive to deliver the highest quality educational experience. If you are not satisfied, call us at , option 4 and we will make it right. Program materials will be placed on our website to allow attendees to download or print in advance. Attendees will receive an with a link to access these materials prior to the conference date. All program information is subject to change. Please verify upon registration.

4 2017 Employee Benefits Conference 7:30 am 8:15 am REGISTRATION & CONTINENTAL BREAKFAST 8:15 am 8:30 am WELCOME AND OVERVIEW OF THE DAY Conference Chair: Rose Ann Abraham, CPA, Baker Tilly Virchow Krause LLP, Chicago, IL 8:30 am 9:20 am OPENING SESSION Department of Labor Update Speaker: Michael E. Auerbach, CPA, Acting Chief Accountant and Chief, Division of Accounting Services, U.S. Department of Labor, Washington, DC What's going on at the Department of Labor that will impact your benefit plan audits this year? The DOL will share their insights with you, including details about the Department's ongoing audit quality enforcement program. n Learn how to avoid the pitfalls that plague benefit plan audits and result in rejection of Form 5500 filings n Participate in Q&A at the end of the DOL presentation 9:30 am 12:05 pm CONCURRENT SESSION BASIC TRACK Defined Contribution Plan Audit Workshop (Continued from 1:00 pm - 3:40 pm) Speakers: Marilee Pierotti Lau, CPA, Partner (Retired), KPMG LLP, Kentfield, CA Caroline Vanalek, CPA, Senior Manager, Crowe Horwath LLP, Oak Brook, IL Ruth Yturralde, CPA, Senior Director, RSM US LLP, Schaumburg, IL 3 Auditing The Department of Labor continues to note deficiencies in employee benefit plan audits, making it more important than ever that you stay well-informed on best practices to stay compliant with AICPA and EBSA requirements. n Understand the procedures necessary to plan and carry out a defined contribution plan audit n Participate in hands-on activities and group discussions to put your learning into action

5 Program Agenda 9:30 am 10:45 am CONCURRENT SESSION INTERMEDIATE/ADVANCED TRACK Common Misunderstandings of Form 5500 and Proposed Revisions of Form 5500 Speakers: Linda T. Fisher, MBA, Owner/Manager, Linda T. Fisher 5500 Consulting, LLC, Buffalo Grove, IL Janice Forgue, CPA, Senior Manager, Marcum LLP, Deerfield, IL 1 Taxation, 0.5 Auditing Overview of current Form 5500 reporting requirements. In addition, understand the proposed Form 5500 Modernization initiatives by the DOL, IRS and PBGC, effective with 2019 plan years that will expand reporting requirements. Understanding how these changes might be applied across all plan types will be imperative to future audit planning. n Identify common Form 5500 errors through case study analysis n Discuss best practices for reviewing Form 5500 when performing an audit n Receive guidance on plan characteristics, mergers and how to correct prior year filing errors 10:45 am 10:50 am NETWORKING BREAK (both tracks) 10:50 am 12:05 pm CONCURRENT SESSION INTERMEDIATE/ADVANCED TRACK Accounting & Auditing Update for 401(k) Plans Speaker: James G. Haubrock, CPA, CGMA, Shareholder, Clark, Schaefer, Hackett & Co., Dayton, OH, 0.5 Accounting A number of accounting and auditing issues will effect 401(k) plans in Get an insider s view of what s on the horizon to best prepare yourself for upcoming benefit plan audits. n Examine accounting and auditing issues affecting employee benefit plan audits including ASU , and n Review hot topics in the new Audit Risk Alert and Accounting & Audit Guide n Receive a takeaway tip sheet to help you easily implement key learnings into your practice 12:05 pm 1:00 pm NETWORKING LUNCHEON (both tracks)

6 2017 Employee Benefits Conference 1:00 pm 3:40 pm CONCURRENT SESSION BASIC TRACK Defined Contribution Plan Audit Workshop (Continued from 9:30 am - 12:05 pm) 3 Auditing 1:00 pm 1:50 pm CONCURRENT SESSION INTERMEDIATE/ADVANCED TRACK The Work Outside of 401(k) Plans Speakers: James G. Haubrock, CPA, CGMA, Shareholder, Clark, Schaefer, Hackett & Co., Dayton, OH Joseph M. Thiermann, CPA, Partner, Lindquist LLP, Chicago, IL What must accountants consider this year when working on plans other than 401(k)? What are the trends and hot topics in non-401(k) plans? Gain insight on the future of benefit plan audits. n Identify differences when auditing Multi-Employer Plans compared to other benefit plans n Address key accounting and auditing considerations related to Health & Welfare Plans, ESOP s, 11-K Audits, Defined Benefit Plans, and 403(b) Plans 1:50 pm 2:40 pm CONCURRENT SESSION INTERMEDIATE/ADVANCED TRACK Navigating the Universe of Funds and Fees Moderator: Rose Ann Abraham, CPA, Partner, Baker Tilly Virchow Krause LLP, Chicago, IL Speakers: Frank J. Del Barto, JD, Principal, Masuda, Funai, Eifert & Mitchell, Ltd., Schaumburg, IL Jeffrey R. Froman, Retirement Benefits Consultant, Senior Financial Advisor, Merrill Lynch, Schaumburg, IL The investment offerings and fee structures for ERISA plans can be overwhelming. Not understanding the intricacies of these plans has led to various litigation against Plan Sponsors in the past. Attend this session to learn about the different funds and fee agreements. n Understand fiduciary duty related to selection of investments n Gain industry perspective on investment fees n Understand the implications of fee arrangements for plan audits 2:40 pm 2:50 pm NETWORKING BREAK (both tracks)

7 Program Agenda 2:50 pm 3:40 pm CONCURRENT SESSION INTERMEDIATE/ADVANCED TRACK Overview of Required Compliance Testing Speaker: William Zorc, CPA, Manager, Marcum LLP, Deerfield, IL Compliance testing is required by the IRS for an employee benefit plan and it s imperative to understand how to interpret these results. Failed compliance testing can have tremendous impact on the audit and financial statements. n Understand unique issues and results of compliance testing through real-life case studies n Learn the correction methods available for failed compliance testing and their impact on financial statements n Familiarize yourself with information needed from the Plan Sponsor or Administrator to execute these tests 3:45 pm 4:35 pm CLOSING SESSION Performing Efficient Audits Under GAAS and DOL Speakers: Staci Guajardo, CPA, Managing Director, Crowe Horwath LLP, Oak Brook, IL Kathleen A. Musial, CPA, Partner, Wipfli LLP, Palatine, IL Performing audits under GAAS and DOL requires planning, risk assessment, communication with clients, substantive testing, and audit wrap-up. But, are you doing these tasks in the most efficient way possible? n Learn about emerging tools leveraged by other industry leaders to enhance efficiency n Discover new resources that will assist you in your plan audits Special Thanks to Our Task Force: Conference Chair: Rose Ann Abraham, CPA, Baker Tilly Virchow Krause LLP, Chicago, IL Caroline Vanalek, CPA, Crowe Horwath LLP, Oak Brook, IL Kathleen A. Musial, CPA, Wipfli LLP, Palatine, IL Janice Forgue, CPA, Marcum LLP, Deerfield, IL JoAnn E. Cassell, CPA, QKA, Cassell Inc., Saint Charles, IL Brent P. DeMay, CPA, Sikich LLP, Naperville, IL Kathryn McAlpine, CPA, Internal Revenue Service, Chicago, IL Kenneth Kobiernicki, CPA, Ostrow Reisin Berk & Abrams, Ltd., Chicago, IL Susan Thomas, CPA, Lindquist LLP, Chicago, IL Ruth Yturralde, CPA, RSM US LLP, Schaumburg, IL

8 May 16, 2017 Chicago, IL Employee Benefits Conference Nonprofit Org U.S. Postage PAID Oak Brook, IL Permit No. 100