Chicago, IL
Legacy Partners Eric Baertsch, Eileen Brassil, and Bob Cann attended the recent American Institute of Certified Public Accountants (AICPA) National Conference on Employee Benefit Plans, which was held April 30-May 2, 2012 in Atlanta, Georgia. This annual conference is always a must-attend for professionals who serve employee benefit plans.
Attendance allows the opportunity to hear about significant changes and current issues directly from industry experts and authorities from the AICPA, Department of Labor, and Internal Revenue Service, all of whom deliver updates on the latest rules, regulations, and implementation guidelines. Question and answer sessions with regulatory officials, including Assistant Secretary of Labor Phillis Borzi and DOL Chief Accountant Ian Dingwall, as well as other industry experts provided invaluable insight.
Hot topics at the conference this year included regulatory and reporting updates on various benefit plan types, legislative developments affecting pension funding, best practices for fiduciaries, health care reform, and financial services; various accounting updates affecting the required disclosures of benefit plans, especially in regards to its investments and their respective fair values; and numerous regulatory changes including disclosure and reporting requirements of plan fees and expenses.
Brassil served as moderator for the Planning the Audit and Assessing the Risks, Multiemployer Plans Advanced, and Audit Wrap-Up sessions.
After hearing from the experts at the three-day national conference, Legacy presented a full day in-house training seminar in June 2012 for employees of all three of our Firm's offices. By providing frequent updates to all of our professionals on economic, accounting, auditing, and regulatory developments, Legacy's goal is to achieve a robust understanding of the environment in which our benefit plan clients operate so that we can provide them exceptional support.
Visit aicpa.org for more information on the AICPA.