Acquire the Knowledge to Achieve Your Goals

Transcription

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2 Acquire the Knowledge to Achieve Your Goals The FICPA Employee Benefits Conference brings you the best speakers presenting on the most current issues in employee benefits plans. With the accounting profession s increasing oversight of employee benefit plans, it s important to stay on top. This conference provides everything you need to know to achieve your goals: a national update from the offices of IRS and Department of Labor; identifying and addressing audit risks; guidance on deferred compensation; and more. CPE Credit This conference qualifies for up to 8 hours of CPE credit, subject to approval by the Florida Department of Business and Professional Regulation. The type of credit depends on the concurrent breakouts chosen. Please indicate choice of breakouts on the registration page. Follow the FICPA and use #EBC11 to tweet about this conference. 2 Employee Benefit Plans Conference

3 Conferenceat-a-glance Thursday May 26 7:30-8:20 a.m. Registration and Continental Breakfast 8:20-8:30 a.m. Introduction and Opening Remarks 8:30-9:20 a.m. Department of Labor Update 9:20-10:10 a.m. IRS Update on Employee Benefit Plans 10:25-11:15 a.m. Guidance on Deferred Compensation: 409A & :15 a.m.-12:05 p.m. Accounting & Auditing Update Including Audit Guide Updates 12:05-1:05 p.m. Lunch 1:05-1:55 p.m. Concurrent Breakouts Breakout 1 Form 5500 Issues Breakout 2 403(b) Plans: Surveying the Wreckage 2:00-2:50 p.m. Concurrent Breakouts Breakout 3 Identifying and Addressing Audit Risks Breakout 4 Investments and Fair Value 3:05-3:55 p.m. Employee Benefit Plans Audit Quality Center Update 4:00-4:50 p.m. Most-Often Asked Questions of Plan Audit Tax Specialist 3

4 Thursday 7:30-8:20 a.m. Registration and Continental Breakfast 8:20-8:30 a.m. Introduction and Opening Remarks 8:30-9:20 a.m. Department of Labor Update (1 AA) Ian Dingwall, CPA Chief Accountant / U.S. Department of Labor / Washington, D.C. Attendees will learn: Everything CPAs need to know about current regulatory developments at the U.S. Department of Labor, details about the Department s audit quality inspection programs, which pitfalls result in rejection of Form 5500 filings, and new audit and reporting requirements for 403(b) plans. 9:20-10:10 a.m. IRS Update on Employee Benefit Plans (1 AA) IRS Representative This presentation discusses some of the major issues that the IRS finds on audits and how to use the Employee Plans correction program to correct the issues. Did you know that most mistakes can be corrected without ever having to contact the IRS or pay any fees or fines? 10:25-11:15 a.m. Guidance on Deferred Compensation: 409A & 457 (1 TB) Marcia S. Wagner, Esq. Founder and President / The Wagner Law Group / Boston, MA Major shifts in the economy, regulations, taxes, ownership structures, shareholder expectations, and business opportunities have significantly affected the executive compensation landscape. Whether you represent executives, advise board members, or counsel shareholders, you need to know how to handle the hottest issues, navigate the latest trends, and guide your clients through some of the more sophisticated and thorny negotiation thickets. We will discuss executive compensation packages that comply with the new regulatory landscape and result in fully aligned interests between executives and their companies, in both the for-profit and not-forprofit sectors. 11:15 a.m.-12:05 p.m. Accounting & Auditing Update Including Guide Updates (1 AA) Marilee Pierotti Lau, CPA EBP Audit and Accounting Consultant / Retired Partner KPMG LLP/ Kentfield, CA This session discusses current and emerging employee benefit plan technical issues. It includes new pronouncements as well as audit, accounting and reporting issues, and an update on the AICPA EBP Guide Overhaul project. 12:10-1:00 p.m. Lunch 1:05-1:55 p.m. Concurrent Breakouts Choose one per time slot Breakout 1 Form 5500 Issues (1 TB) Richard A. Cristini, CPA Partner / Davidson, Jamieson & Cristini, P.L. / Dunedin This session provides a thorough review of Form 5500 filing requirements, as well as a step-by-step lesson on how to prepare and file a complete and accurate form. You ll also get an update on all the important changes to Form 5500 for 2011 and beyond. Breakout 2 403(b) Plans: Surveying the Wreckage (1 AA) Ian Dingwall, CPA Chief Accountant / U.S. Department of Labor / Washington, D.C. and Marilee Pierotti Lau, CPA EBP Audit and Accounting Consultant / Retired Partner KPMG LLP / Kentfield, CA This session looks back at the first year auditing for 403(b) Plans. 4 Employee Benefit Plans Conference

5 2:00-2:50 p.m. Concurrent Breakouts Choose one per time slot Breakout 3 Identifying and Addressing Audit Risks (1 AA) Diane M. Walker Partner / Johnson Lambert & Co. LLP Highlights of this session include industry, economic, and regulatory developments; current audit and accounting issues; and new audit and accounting pronouncements that affect plans. Breakout 4 Investments and Fair Value (1 AA) Tricia Van Vliet, CPA Director, National Assurance - Audits of Employee Benefit Plans / BDO Comstock, MI This session addresses the importance of understanding investments in a benefit plan audit. Learn how to identify a plan s investments to determine adequate auditing procedures and proper reporting for financial statement and Form 5500 purposes. This session includes a discussion of the common as well as not so common types of benefit plan investments including registered investment companies, bank collective trusts, pooled separate insurance company accounts, master trusts, limited partnerships, entities and derivatives. May 26 4:00-4:50 p.m. Most Often Asked Question of a Plan Audit Tax Specialist (1 TB) Carlette Prince, Esq. Tax Senior Manager Compensation & Benefits / Deloitte Tax, LLP / Atlanta The IRS and DOL are focused on qualified plan compliance. This course provides plan sponsors with practical insight to common qualified plan failures and issues and ways to manage risks. The course also addresses commonly asked questions about employee benefit plan compliance. Topics to be covered include: Top 10 IRS compliance issues for defined contribution and defined plans; unique compliance issues for 403(b) plans; the impact of unrelated business taxable income; mergers and acquisition; due diligence and post-merger integration issues. 3:05-3:55 p.m. Employee Benefit Plans Audit Quality Center Update (1 AA) Ian A. MacKay, CPA Director Federal Regulatory Affairs / AICPA / Washington, DC Learn about the activities of the AICPA Employee Benefit Plan Audit Quality Center (EBPAQC) and how to maximize your membership. Find out about Center resources and tools including: webinars, resource centers and plan advisories and member-tomember online forum. 5

6 Conference info Conference site Renaissance Orlando Airport Hotel 5445 Forbes Place Orlando, FL (407) Accommodations FICPA Room Rate: $115 Single/Double Hotel Cutoff Deadline: Friday, May 6, 2011 (Reservations made after the cutoff date will be subject to availability and current room rate.) Please call the hotel directly at (407) to reserve your room. Be sure to mention the FICPA Employee Benefit Plans Conference to receive the special group rate. There may be a fee for some guest services. Not all features and services are available in all rooms. Contact hotel for details. Conference materials Conference reference materials are distributed to registrants electronically in advance of the program. There will not be printed material available on site. This fully searchable PDF includes speaker presentations and is intended for electronic use only. Group Discounts available Register 5 or more people from the same organization and receive special group discounts! Restrictions may apply. For more information, visit Save money Take advantage of the Early Bird Price by registering more than 10 days before the course date and receive $55 off the Regular Price registration fee. CPE Policies you may need to know A list of CPE policies may be found on our Web site at or on the registration confirmation correspondence sent upon complete registration. Did you know You can apply you nonmember fee from this event toward an FICPA membership. Visit for more details and an application. 6 Employee Benefit Plans Conference

7 Registration 4ways to register for FICPA CPE Programs Internet registration can be placed at Fax a completed registration form with credit card information to the FICPA at (850) Call the FICPA Member Service Center at (800) (within Florida only), or (850) to place a credit card order. Mail a completed registration form to: Continuing Professional Education, FICPA, P.O. Box 5437, Tallahassee, FL Name FICPA Member No. Firm Address City/State/ZIP Telephone ( ) 2 Contact Information Check here if registration reflects an address change. Pricing 3Method of Payment Check enclosed in the amount of $. Please charge my company-issued credit card: Please charge my personal credit card: Cardholder Name In accordance with ADA requirements, if you are disabled and require special services, please check here. Someone from our office will contact you. Employee Benefit Plans Conference Member Price Nonmember Price Early Bird Price* $305 $430 Regular Price (as of 05/17/2011) $360 $485 Choose one breakout per time slot. 1:05-1:55 p.m. B01 B02 2:00-2:50 p.m. B03 B04 * Save Money! Take advantage of the Early Bird Price by registering more than 10 days before the course date and receive $55 off the Regular Price. ** Nonmembers of the FICPA must add an additional $125 per day of instruction to the registration price. Save money and apply this fee to your FICPA membership fees. Visit for more details. Subtotal $ Total $ VISA MasterCard American Express Discover Card Validation Code: (3 or 4 digit code located on the credit card) Signature Exp. Date The FICPA is not responsible for checks or registrations delayed or lost in the mail. 7

8 (800) (Florida only) (850) P.O. Box 5437 Tallahassee, Florida Employee Benefit Plans Conference May 26, 2011 Orlando