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Live Webcast

Accounting and Auditing Conference


Total Credits: 8 including 4 Accounting - Technical, 4 Auditing- Technical

Average Rating:
   2
Categories:
Accounting and Auditing |  Partner Produced
Faculty:
Michael Glynn, CPA, CGMA, senior technical manager, audit & attest standards team |  Jennifer H. Elder, CPA, CMA, CIA, CFF, CGMA, MS, business coach/consultant/speaker |  Stacy Painter, CPA, president
Course Levels:
Update
Duration:
8 Hours
License:
Product Setting: Expires 40 day(s) after program date.

Dates


Description

The 2016 Accounting & Auditing Conference is back and better than ever! This is a one-day conference that we have tailored to your needs. You will walk away with the skills and tools you need to navigate through the issues affecting the industry.

Conference highlights will include:

•    What's new at the AICPA with Michael Glynn, CPA, CGMA;

•    A review of the first year of SSARS No. 21 implementation;

•    The inside scoop on tax basis financial statements with Jennifer H. Elder, CPA, CMA, CIA, CFF, CGMA, MS from The Sustainable CFO;

•    Peer review deficiencies in financial statement disclosures wit Stacey Painter, CPA from Loscalzo Associates, Ltd.; and

•    A FASB update, including some upcoming significant proposed changes.

 

Agenda

7:30 a.m.

Registration

8:00 – 8:05 a.m.

Welcome and Opening Remarks

Jay Kaufman, CPA, partner, CohnReznick

 

8:05 – 9:50 a.m.

What's New at the AICPA?

Michael Glynn, CPA, CGMA, senior technical manager, audit & attest standards team, AICPA

The AICPA's auditing standards board and accounting review services committee have recently issued significant new standards. In addition, the AICPA has made advancements with respect to audit quality initiatives. Mike Glynn is a senior technical manager with the AICPA's audit and attest standards team and will discuss and answer questions about these projects, including:

•             The recently issued clarified standards for attestation engagements;

•             The Auditing standards board's current active agenda;

•             The recently issued SSARS No. 21 and the current agenda for the accounting and review services committee; and

•             Audit quality initiatives.

 

9:50 – 10:20 a.m.

Networking Break & Visiting with Exhibitors

 

10:20 – 11:55 a.m.

 

SSARS No. 21 - How is the First Year of Implementation Going?

Michael Glynn, CPA, CGMA, senior technical manager, audit & attest standards team, AICPA

This session will be an interactive discussion of the requirements of SSARS No. 21, as well as best practices for reviews, compilations and engagements to prepare financial statements. Participants will have the opportunity to ask questions of the staff liaison to the AICPA's accounting and review services committee and get the thoughts of other practitioners. Included will be a discussion of:

•             When the accountant is engaged to prepare financial statements vs. assisting in the preparation;

•             The importance of engagements letters;

•             Best practices with respect to the no assurance legend on prepared financial statements; and

•             Preparation of financial statements that omit substantially all disclosures, include a known framework departure or are prepared in accordance with a                special purpose framework.

 

11:55 - 12:40 p.m.

Lunch

 

12:40 - 2:15 p.m.

 

The Inside Scoop on Tax Basis Financial Statements

Jennifer H. Elder, CPA, CMA, CIA, CFF, CGMA, MS, business coach/consultant /speaker, The Sustainable CFO

If you are already preparing a tax return, why not make it simple and prepare a tax basis financial statement? But do you know how to decide whether GAAP or tax basis is preferable? Can you explain the major differences between GAAP and tax basis to your client? And if you do prepare tax basis financial statements, are you aware of the presentation and disclosure requirements? This lively and informative session will answer these and other burning questions about a quality preparation of tax basis financial statements.

 

2:15 - 2:35 p.m.

Networking Break & Visiting with Exhibitors

 

2:35-2:45 p.m.

Exhibitor Raffle

 

2:45 - 4:30 p.m.

FASB Update

Stacey Painter, CPA, president, Loscalzo Associates Ltd.,

This session will cover relevant accounting standard updates to the FASB codification made in the second half of 2015 to date 2016, with particular focus on those standards that have the greatest impact on all organizations. In addition, the program will cover private company initiatives as well as some significant proposed updates on the horizon that are very important for all CPAs.

Basic Course Information

Learning Objectives *An update on the latest developments with FASB, AICPA
Major Subjects *SSARS No. 21 * Tax Basis Financial Statements * Peer Review Deficiencies in Financial Statement Disclosures * FASB Update * Update on AICPA's auditing standards board and accounting review services committee

Course Materials

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For All CPAs
Original Recording Date

06/10/2016


Yellow Book No
Course Developer MA Society of CPAs
Date Added to Catalog 05/20/2016

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method Group Internet Based

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Overall:      2.5

Total Reviews: 2