Agenda

Tuesday, June 17, 2025

8:55–9:00 a.m. – Welcome and Opening Remarks
Zach Donah, CAE, Massachusetts Society of CPAs

9:00–9:50 a.m. – Audit and Attestation Standards Update
Mike Westervelt, CLA
In this session, we’ll cover updates to the Statements on Standards for Accounting and Review Services (SSARS), focusing on changes to review, compilation and preparation engagements. We’ll also highlight recent updates to the Statements on Standards for Attestation Engagements (SSAEs) and summarize the latest revisions to auditing standards, including new requirements and best practices for maintaining audit quality and compliance. You’ll receive a concise update on the current standards landscape to ensure you stay informed and prepared.

10:00–10:50 a.m. – Achieve Best-in-Class Internal Controls
Leah Donti, CPA, CMA, MBA, Advantage Montreal Seminars Inc.
Whether you work for a small or large entity, internal controls are a work in progress. In this session, we’ll provide practical tips on evaluating and improving internal control systems at small-and-mid-sized entities – including IT general controls.

11:00–11:50 a.m. – Concurrent Sessions

Session 1: Deep Dive into Sampling
Jaclyn Veno, CPA, CVA, MBA, Galasso Learning Solutions LLC
Sampling is often identified as a common audit deficiency in peer review. In this session, we’ll review when sampling is applicable and the basics of planning a sample. We’ll then focus on the application of sampling in financial statement audits with a look at sampling for substantive procedures. We’ll also look at tools that can be leveraged to reduce bias in sampling.

Session 2: Top Three Disruptors Facing CPAs
Leah Donti, CPA, CMA, MBA, Advantage Montreal Seminars Inc.
The top disruptors facing the CPA profession are robotic process automation (RPA), artificial intelligence (AI) and data analytics. In this session, we’ll explore how these technologies are transforming the work of CPAs in both industry and public practice. We’ll share how organizations are using intelligent automation to reshape traditional finance processes, driving efficiency and providing valuable insights in today’s fast-paced business environment.

12:00–1:00 p.m. – FASB Update
Kenn Heaslip, MS, MBA, CPA, CGMA, Kenn Heaslip Seminars

1:00 p.m. – Day 1 Closing Remarks

Wednesday, June 18, 2025

8:55–9:00 a.m. – Welcome and Opening Remarks
Zach Donah, CAE, Massachusetts Society of CPAs

9:00–9:50 a.m. – Common Peer Review Deficiencies
Tom Groskopf, CPA, CVA, MBA, Barnes Dennig
In this session, we’ll review common peer review findings and provide guidance to help your firm avoid similar mistakes. You’ll learn the common findings found by peer reviewers during the most recent cycle of peer reviews, including findings related to risk assessment and compliance with required financial statement disclosures.

10:00–10:50 a.m. – Accounting for Uncertainty: Focus on Estimates, Contingencies and Going Concern
Jennifer Louis, CPA, Emergent Solutions Group LLC
Understanding the proper accounting for and reporting of financial statement areas containing uncertainty can be challenging, especially ensuring adequate disclosure of risk to the financial statement users. In this session, we’ll provide critical considerations when evaluating the proper treatment of accounting estimates, loss contingencies and going concern in U.S. GAAP-basis financial statements.

11:00–11:50 a.m. – Private Company Council: An Overview Current Practical Expedients and Potential Future Changes
Jennifer Louis, CPA, Emergent Solutions Group LLC
The Financial Accounting Standards Board (FASB) formed the Private Company Council to provide certain alternatives in U.S. GAAP that are only available to nonpublic business entities, with limited exceptions for certain nonprofits. In this session, we’ll share insight into when adopting the accounting and financial reporting alternatives would be to the advantage of eligible nonpublic entities.

12:00–1:00 p.m. – Deep Dive into Quality Management
Peter Zender, CPA, Galasso Learning Solutions
Quality management will have a big impact on CPA firms. This session will explore SQMS 1, with an overview of SQMS 2 and related standards (SAS 146 and SSARS 26). Attendees will learn about the new risk-based approach to quality management and the need for documented information and communication processes. With SQMS 1 required by December 15, 2025, this session will provide key insights to help you begin the implementation process and stay compliant.

1:00 p.m. – Day 2 Closing Remarks

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