75 by 10/23/10. Employee Benefit Plans Accounting, Auditing, and Regulatory Update. Save. DECEMBER 13-14, 2010 Omni Shoreham Hotel Washington, DC

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1 Employee Benefit Plans Accounting, Auditing, and Regulatory Update DECEMBER 13-14, 2010 Omni Shoreham Hotel Washington, DC EBPAQC members save an additional $50! Early Bird Registration Save $ 75 by 10/23/10 Get expert guidance and updates on key issues, standards and legislation that will affect your upcoming employee benefit plan audits. Hotel cut off date: 11/15/2010 NEW! Special Virtual Sessions streamed live via the Web offer an innovative learning format! Learn more or register cpa2biz.com/conferences

2 Top regulators and standard setters keep you current on today s complex auditing issues by sharing insights and case studies vital to completing year-end audits. In the wake of today s uncertain economic climate, it is more important than ever for you to have a firm grasp on the latest regulations and standards for the upcoming audit season. The AICPA Employee Benefit Plans Accounting, Auditing, and Regulatory Update (AARU) is a high-level conference that addresses these critical auditing issues with presentations given by regulators, administrators and industry experts as well as panel discussions, Q&A opportunities and case studies. As a result, attendees will be able to walk away with a thorough knowledge of the most current updates and regulatory information available to perform quality employee benefit plan audits. Important updates from the DOL. EBSA officials from the Department of Labor will address recent developments, emerging issues and changes being faced by auditors and plan sponsors. You ll get insights into the effects of the economic recession on employee benefit plans and pension protection, the complexities of Form 5500 changes, and the impact of the new healthcare reform and its implementation. You ll be able to discuss complex auditing concerns and compliance issues directly with senior members of the DOL and learn best practices for preparing an audit in the new regulatory environments. Hot Topics Fiduciary Responsibilities & Risks Fair Value Accounting, Auditing & Reporting 5500 filings (EFAST2 filings and Schedule C disclosures) Revisions to the Audit Guide 403(b) Plan First Time Audits: A Forensic Review Who Should Attend CPAs and financial professionals who specialize in employee benefit plan audits. Register yourself and your whole team for this high-level event. Network with the best and brightest. Network with fellow practitioners, and leading industry experts throughout this event as this conveniently-timed December conference will prepare you for the upcoming audit season. Save the Date: AICPA National Conference on Employee Benefits Plans May 2-4, 2011 Aria, Las Vegas, NV Register by 10/23/10 SAVE $75!

3 Conference Agenda FIELDS OF STUDY EARLY REGISTRATION SUNDAY, DECEMBER 12 A-ACCOUNTING AU-AUDITING T-TAX 4:00 pm - 6:00 pm Registration Open Avoid the long lines Monday morning and pick up your materials for the conference during this time. MAIN CONFERENCE MONDAY, DECEMBER 13 / DAY ONE 7:30 am - 5:25 pm Registration & Message Center Open 7:30 am - 8:30 am Continental Breakfast in the Exhibit Area 8:30 am - 8:45 am Welcome & Introduction Robert Lavenberg, CPA, J.D., LL.M, Partner, BDO USA, LLP, New York, NY 8:45 am - 9:30 am Keynote Presentation 1 View from the EBSA AU Phyllis C. Borzi, Assistant Secretary of Labor, U.S. Department of Labor (EBSA), Washington, DC This session will feature Assistant Secretary Phyllis Borzi discussing EBSA s priorities for the upcoming year, including: Future of benefits for U.S. workers New EBSA regulatory initiatives Update on healthcare reform implementation 401(k) issues (fees & transparency, investment advice and target date funds) Pension funding relief/pbgc issues 9:30 am - 10:15 am General Session 2 Accounting & Auditing Update A, AU Debbie Smith, CPA, Partner, Grant Thornton LLP, Oakbrook Terrace, IL This session will discuss current and emerging employee benefit plan technical issues and activities of the Employee Benefit Plan Expert Panel. This session will include new pronouncements as well as audit, accounting and reporting issues. 10:15 am - 10:45 am Refreshment Break in the Exhibit Area 10:45 am - 12:15 pm General Session 3 Department of Labor Update AU Ian Dingwall, CPA, Chief Accountant, U.S. Department of Labor (EBSA), Washington, DC Michael Auerbach, CPA, Chief, Division of Accounting Services, U.S. Department of Labor (EBSA), Washington, D.C. This session will discuss what CPAs need to know about current regulatory developments at the DOL. Highlights include: Discussion of EFAST2 filing issues Details about the Department s audit quality inspection programs and what distinguishes work that is considered to be best practice The pitfalls which most often plague benefit plan audits and result in rejection of Form 5500 filings The Department s results regarding the new audit and reporting requirements for 403(b) plans An Eco-Friendly and Paperless Initiative In an effort to be more environmentally friendly, cost conscious and forward-thinking, AICPA Meetings & Conferences is offering participants access to conference materials via a speaker materials website in advance of the conference. *Conference manuals with session outlines will not be provided onsite Free Access to Conference Session Recordings *Be sure to supply a valid address when registering. Instructions to access the speaker materials and conference recording website [AICPAConferenceMaterials.com] are distributed via approximately two weeks prior to the start of the conference. Also, add service@aicpa.org to your safe sender list. Register by 10/23/10 SAVE $75!

4 12:15 pm - 1:00 pm Luncheon 1:00 pm - 1:15 pm Luncheon Presentation L1 Employee Benefit Plan Audit Quality Center Update AU Robert Lavenberg, CPA, J.D., LL.M, Partner, BDO USA, LLP, New York, NY and Chair, EBPAQC Executive Committee Learn about current and planned activities of the AICPA Employee Benefit Plan Audit Quality Center (EBPAQC) and how to maximize the value of your firm s membership. Find out about new Center resources and tools including: Live Forum webinars planned for 2011 New Center website and Online Resource Centers Hot topics on the member-to-member Online Forum Resources for your plan sponsors, including plan advisories Liaison activities with the Department of Labor 1:25 pm - 2:55 pm General Session 4 Case Studies: Identifying and Addressing EBP Audit Risks AU Lara Stanton, CPA, Director, National Assurance - Audits of Employee Benefit Plans, BDO USA, LLP, Chicago, IL Diane Walker, CPA, Partner, Johnson Lambert & Co., LLP, Falls Church, VA This session will utilize real-life case studies on how audit teams identified and responded to employee benefit plan audit risks. Case studies are expected to include issues such as: Little oversight of service providers by plan sponsors Lack of segregation of duties (e.g., distributions) Issues noted in SAS 70 reports Errors in participant data used in benefit obligation calculations 2:55 pm - 3:25 pm Refreshment Break in the Exhibit Area 3:25 pm - 4:25 pm General Session 5 Most Often Asked Questions of Plan Audit Tax Specialists T Jason Russell, Director, Global Employer Services, Deloitte Tax LLP, San Francisco, CA This session will highlight questions that tax specialists most often received from the EBP audit teams during the 2009 plan season, including: Tax practitioner issues with the Form 5500 (particularly Schedule C disclosures) Plan definitions of compensation vs. compensation actually taken into account for deferrals, and matches and profit sharing Partial plan terminations and finding lost participants affected by them Deferral deposit timing: what is the earliest date on which contributions can reasonably be segregated from sponsor assets? 4:25 pm - 5:25 pm General Session 6 Fiduciary Responsibilities and Risk AU Mark Mensack, Accredited Investment Fiduciary Analyst & Chief Ethics Officer, Piedmont Independent Fiduciaries, Marlton, NJ Joanne Szupka, CPA, Manager, BDO USA, LLP, Philadelphia, PA Roland O Brien, CPA, Director, BDO USA, LLP, Philadelphia, PA Robert Lavenberg, CPA, J.D., LL.M, Partner, BDO USA, LLP, New York, NY Due to the increasing focus by the DOL and the Plaintiffs Bar, every retirement plan sponsor needs to understand its fiduciary responsibilities and the fiduciary risks. This session will outline the basic issues every plan sponsor should understand, including: Who is a fiduciary What are the basic duties of a fiduciary The challenges of fulfilling one s fiduciary duties Fiduciary Safe Harbor fiduciary myths 5:30 pm - 6:30 pm Welcome Reception

5 MAIN CONFERENCE TUESDAY, DECEMBER 14 / DAY TWO 7:00 am - 1:05 pm Registration & Message Center Open 7:00 am - 8:00 am Continental Breakfast in the Exhibit Area 8:00 am - 9:00 am General Session 7 Investments and Fair Value A, AU Michele Weldon, CPA, Partner, PricewaterhouseCoopers, LLP, Boston, MA This session will cover audit, accounting and reporting issues relating to the recent investment trends in employee benefit plans. The session will cover hot topics surrounding employee benefit plan investments, including fair value accounting, auditing and reporting. 9:00 am - 10:15 am General Session 8 Revisions to the Audit Guide AU Linda Delahanty, CPA, AICPA, New York, NY Marilee Lau, CPA, Retired Partner, KPMG LLP, San Francisco, CA Debbie Smith, CPA, Partner, Grant Thornton LLP, Oakbrook Terrace, IL Michele Weldon, CPA, Partner, PricewaterhouseCoopers, LLP, Boston, MA Members of the EBP Audit Guide Overhaul Task Force will discuss the changes to the chapters related to Defined Contribution Plans, Defined Benefit Plans, Health and Welfare Plans, and Investments, as well as the progress on the remaining chapters. Additionally, the task force members will discuss the accounting issues raised with FinREC (formerly AcSEC) and their recommendations. 10:15 am - 10:35 am Refreshment Break in the Exhibit Area 10:35 am - 11:50 am General Session 9 403(b) Plan First Time Audits A Forensic Review AU Robert Lavenberg, CPA, J.D., LL.M, Partner, BDO USA, LLP, New York, NY Scott Albert, CPA, U.S. Department of Labor (EBSA), Washington, DC By December, 2010, many large 403(b) plans will have undergone their first audits. This open forum discussion with the panel and session participants will share observations from this challenging 403(b) plan audit season. The panel will also provide updates on accounting, auditing, and regulatory requirements and guidance that relate to 403(b) plans. It will consider: DOL initial 403(b) statistics and feedback Future DOL activities affecting 403(b) plans Will the 2010 plan year audits be different? If so, how? 11:50 am - 1:05 pm General Session 10 Expert Answers to Your Most Challenging Questions A, AU Moderator: Robert Lavenberg, CPA, J.D., LL.M, Partner, BDO USA, LLP, New York, NY Panelists: Ian Dingwall, CPA, Chief Accountant, U.S. Department of Labor (EBSA), Washington, DC Lara Stanton, CPA, Director National Assurance - Audits of Employee Benefit Plans, BDO USA, LLP, Chicago, IL Mark Mensack, Accredited Investment Fiduciary Analyst & Chief Ethics Officer, Piedmont Independent Fiduciaries, Marlton, NJ Debbie Smith, CPA, Partner, Grant Thornton LLP, Oakbrook Terrace, IL Jason Russell, Director, Global Employer Services, Deloitte Tax LLP, San Francisco, CA Don t miss the opportunity to get practical and helpful answers to technical issues of interest to you during this interactive session. 1:05 pm Conference Adjourns Subject matter is relevant and very informative. Regulator presentations are helpful as you gain an understanding of major concerns and issues on the horizon. Donna Massanova, ParenteBeard LLC, Philadelphia, PA Learn more or to register cpa2biz.com

6 4 WAYS TO REGISTER FAST ONLINE*: PHONE*: or FAX*: or MAIL: Complete and mail the form along with your promotion code to: AICPA Member Service Center, Conferences, 220 Leigh Farm Road, Durham, NC *Credit card registration only (American Express, Diners Club, Discover, MasterCard or VISA ) RECOMMENDED CPE CREDIT 14 This conference was prepared in accordance with the Joint AICPA/NASBA Statement on Standards for Continuing Professional Education (CPE) Programs effective on January 1, The recommended CPE Credits are in accordance with these standards; however, your individual state board is the final authority on the acceptance of programs for CPE credit. CONFERENCE FEE Registration fees are determined by current membership status in the AICPA. Please indicate member number on the registration form to obtain the correct discount. Conference fee includes all sessions, conference materials, continental breakfasts, refreshment breaks, luncheon and a reception. Registration for 2 or more individuals per firm may qualify for group discounts; additional savings may be available for groups of 10 or more. For more information please aicpalearning@aicpa.org and indicate Group Conference Sales in the subject line or phone , choose option 1. Program Code: EMPAARU10 CANCELLATION POLICY You may cancel without penalty if written cancellation requests are received by October 29, Due to financial obligations incurred by the AICPA, a credit voucher less 50% of the registration fee will be issued for written requests received by November 22, No refunds or credits will be issued on cancellation requests received on or after November 23, For further information, call the AICPA Service Center at HOTEL AND GROUND TRANSPORTATION INFORMATION Contact the hotel directly to obtain their policy on reservations, deposits and cancellations. Rooms will be assigned on a space-available basis only. To receive our special group rates mention that you will be attending the AICPA Employee Benefit Plans Accounting, Auditing, and Regulatory Update. Omni Shoreham Hotel Hotel Phone: Calvert Street NW Hotel Reservations: 888.THE.OMNI Washington, DC Hotel Room Rate: $189 single/double Hotel Reservation Cutoff Date: November 15, 2010 Online hotel reservations: Ground Transportation to and from hotel and Reagan National Airport (please note, rates and times are approximate) Taxi Service: $20-$25 each way, 30 minutes Shuttle Service: $12 per passenger Hotel Parking: Valet parking with in/out priviledges $28 per car/day AIRLINE INFORMATION The AICPA has a special arrangement with Maupin Travel, Inc. of North Carolina to assist you with your travel arrangements. This travel agency may be reached at If you prefer to make your own travel plans, be sure to mention the participating airline s reference number (listed below) to take advantage of deeply discounted Zone Fares that do not require a Saturday night stay-over. Discounts are valid for round trip registered AICPA meetings or conferences only. Some restrictions may apply. American Airlines Index #19956 United Airlines Refer to Meeting ID #531SI Delta Airlines Refer to Meeting ID #NY2AC Jetblue Airways Use Code: AARU10 For up-to-date airline information regarding special travel discounts, please visit cpa2biz.com/ conferences. Due to recent airline industry fare restructuring, we cannot guarantee that the above group travel agreements will be in effect at the time when you are making your travel arrangements. Please contact the airline and/or your travel agency for latest applicable discounts and arrangements. CAR RENTAL Hertz Car Rental AICPA Member Discounts: Call Ref. Code CV#021H0017. Airline and car rental discounts are available only when you or your travel agent book through the 800 number. We strongly advise you to confirm your conference registration and hotel reservation prior to making your travel plans. EXHIBIT AND SPONSORSHIP OPPORTUNITIES Don t miss the opportunity to present and sell your organization s services and products to thousands of CPAs and financial professionals at AICPA conferences. For detailed information on conference exhibit and sponsorship opportunities, please send your to exhibit@aicpa.org.

7 NEW this year Virtual Conference Sessions: NEW this year the 2010 AICPA Employee Benefits Accounting, Auditing and Regulatory Update will be available via a live streaming video option. This gives your staff who cannot attend the conference in Washington, DC, the opportunity to earn CPE credits while learning about critical developments impacting the employee benefit plan audit season. Group Registrations are available: To register as an individual, visit cpa2biz.com/aaruvirtual. To register two or more individuals for the virtual conference option, contact AICPA Learning at aicpalearning@aicpa.org, indicating AARU Group Virtual Sales in the subject line, or phone , option 1. You may choose to send members of your group to the live Washington, DC event, and have several other members attend the virtual conference ALL can benefit from group discounts. For details, contact AICPA Learning at aicpalearning@aicpa.org, indicating Employee Benefits AARU Sales in the subject line, or phone , option 1. Note: Only those individuals or members of a group registered for the virtual sessions will receive virtual session CPE Credits. Omni Shoreham Hotel Spanning 11 acres in picturesque Rock Creek Park in northwest Washington, DC, the AAA Four-Diamond Omni Shoreham Hotel has played host to presidents, world leaders and inaugural balls, making it a true historic Washington landmark. It offers a resort-style setting, and provides a great opportunity to network and unwind with friends and colleagues in the sumptuous restaurants. Steering Committee Chair Bob Lavenberg, BDO USA, LLP, New York, NY Members AICPA Staff Marilee Lau, Retired Partner, KPMG LLP, San Francisco, CA Diane Walker, Johnson Lambert & Co., LLP, Falls Church, VA Debbie Smith, Grant Thornton LLP, Oakbrook Terrace, IL Lara Stanton, BDO USA, LLP, New York, NY Michele Weldon, PricewaterhouseCoopers, LLP, Boston, MA Melinda Arndt, Conference Logistics, Durham, NC Christine Cutti-Fox, Program Development, Durham, NC Shelly Desbois, Technical Manager, Washington, DC

8 AICPA Store/CPA2Biz 220 Leigh Farm Road Durham, NC To register: Register by 10/23/10 SAVE $75 cpa2biz.com/conferences PRSRT-STD U.S. POSTAGE PAID AICPA/CPA2BIZ Employee Benefit Plans Accounting, Auditing, and Regulatory Update MEMBERSHIP/REGISTRATION INFORMATION AICPA Member? Yes No EBPAQC Member? Yes No AICPA MEMBER NO. EBPAQC MEMBER NO. NICKNAME FOR BADGE BUSINESS TELEPHONE CONFERENCE FEES Please circle appropriate rate. DECEMBER WASHINGTON, DC (EMPAARU10) AICPA Non- Member Member Early Bird Registration $750 $1,050 SAVE $75 by 10/23/10 Regular Registration $825 $1,125 Total $ $ PAYMENT INFORMATION Full payment must accompany registration form. My check for $ payable to AICPA is enclosed. OR Please bill my credit card for $.. American Express Diners Club Discover MasterCard VISA CARD NO. EXP. DATE TITLE ADDRESS Please photocopy this form for additional registrants. If the information on your label is incorrect, please complete the following: New this year: Virtual sessions streamed live! Full virtual conference registration EMPAARU10VIRTUAL $750 AICPA Member $1,050 Non-Member See inside for information. Log onto to register. BILLING NAME SIGNATURE AICPA USE ONLY EMPAARU10 Customer No. Promotion Code LAST NAME FIRST NAME MI FIRM NAME OR AFFILIATION STREET ADDRESS SUITE PO BOX CITY STATE ZIP In accordance with the Americans with Disabilities Act, do you have any special needs? Yes No (If yes, you will be contacted.) EBPAQC members use promo code SYG and save an extra $50. 10CPA-399 EMPAARU