ESOPs: What To Say When A Client Asks

Overview

Entities relying on agreed-upon procedures engagements must understand key enhancements in SSAE No. 19 to better tailor reporting, broaden distribution, and address evolving subject matters. Michael Manspeaker, CPA, CGMA, of SEK CPAs & Advisors explains how removing the need for pre-specified parties, allowing general-use reports, and enabling CPAs to develop procedures helps smaller entities optimize cost-effectiveness while ensuring independence, high-quality documentation, and pertinent findings.

Highlights

• ESOP types
• ESOP benefits
• Resources

Prerequisites

None.

Objectives

• Determine the fundamental questions and concerns a client may have about implementing an ESOP.
• Recognize client fact patterns that are amenable to an ESOP as a client succession or benefits solution.
• Identify what tax incentives and employee benefits of an ESOP are most relevant to your client.

Preparation

Working knowledge of C and S corporation taxation and some familiarity with qualified retirement plans is preferred.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.