Agenda

GENERAL SESSION

LAUNCH GENERAL SESSION
8:30 AM – 9:25 AM
KEYNOTE PRESENTATION: The Center for Plain English Accounting: Top Trends & Issues
The Center for Plain English Accounting is the AICPA’s national A&A resource and answers are on the way. Find out which topics are most common amongst practitioners, trends predicted for the coming year as well as resources for understanding accounting and auditing standards.
Tom Groskopf, CPA, CVA, MBA – Technical Director, CPEA & Assurance Service Line Leader, Barnes, Dennig & Co., Ltd., Cincinnati, OH
Credits: 1.0 AA

1:10 PM – 2:00 PM
AFTER-LUNCHEON KEYNOTE: Private Company GAAP Alternatives and Practical Expedients
Nonpublic entities have the option to adopt certain accounting and financial reporting practical expedients when creating significant accounting policies. Some of the GAAP alternatives are only available to nonpublic entities and some are available to any entity. This session addresses the circumstances when it would be to an entities advantage to elect the GAAP alternatives for cost-benefit or other reasons.
Jennifer F. Louis, CPA – President, Emergent Solutions Group, Charlotte, NC
Credits: 1.0 AA

LAUNCH CHANNEL ONE

CHANNEL ONE

9:35 AM – 10:25 AM
Preparations, Compilations and Reviews: The Ultimate Update and Refresher
The Accounting and Review Services Committee (ARSC) of the AICPA is the one-stop shop for all things compilation and review. Get the latest on statements on standards for accounting and reviews (SSARS), common issues found in Peer Review and what might be next!
Christopher J. Harper, DBA, CPA, MBA – Director of Education & Affiliate Instructor, Grand Valley State University Seidman College of Business, Grand Rapids
Credits: 1.0 AA

10:35 AM – 11:25 AM
Risky Business: Evidence and Analytics
Explore possibilities for enhancing analytical procedures by using artificial intelligence and other data analysis techniques.
Christopher J. Harper, DBA, CPA, MBA – Director of Education & Affiliate Instructor, Grand Valley State University Seidman College of Business, Grand Rapids
Hamid Vakilzadeh, PhD, CFE – Assistant Professor, Department of Accounting, University of Wisconsin-Whitewater, Whitewater, WI
Credits: 1.0 AA

11:35 AM – 12:25 PM
Bears Will Be Bears – Fraudsters Too
Bears are intelligent and motivated to find food. When I left some fried chicken in my Jeep while in Gatlinburg, a bear tore a hole in the top and ate the chicken and part of my Jeep. He was just a bear being a bear. I’m responsible because I left the chicken in the Jeep and gave him the opportunity. Similarly, people are intelligent and motivated to survive. If we give them opportunity by not implementing good internal controls, they will take our assets. This session reviews the investigation and prosecution of the former director of a conference center who took advantage of lax internal controls of a joint-venture and stole thousands. She was just a fraudster being a fraudster.
Daniel Porter, CFE – Consultant/Trainer, Nashville, TN
Credits: 1.0 AA

2:10 PM – 3:00 PM
L-T Debt – Classification, Disclosure, and Debt Covenant Compliance
Debt is typically a critical component of financial statements, with fair presentation and disclosure impacting the economic decisions of a variety of financial statement users. This session addresses some of the common issues impacting the proper presentation and disclosure of debt, including debt covenant compliance and other matters that impact the classification of debt.
Jennifer F. Louis, CPA – President, Emergent Solutions Group, Charlotte, NC
Credits: 1.0 AA

3:10 PM – 4:00 PM
2023 Peer Review in Review
Did you know the AICPA Peer Review Board recently closed comments on an Exposure Draft which included a standards update to peer reviews? Unpack what all the latest updates to Peer Review standards, manual and pool of peer reviewers means for you, your clients and your independence. Plus, get a preview of what might be next for the AICPA Enhancing Audit Quality (EAQ) Initiatives.
Duane Reyhl, CPA, CGMA – Audit and Accounting Partner, AHP, Midland
Credits: 1.0 AA

4:10 PM – 5:00 PM
Trending Now in ESG
The public and investor interest of an organization’s impacts continue to grow as PwC’s 2021 Consumer Intelligence Series Survey reveals 76% of consumers said they would discontinue relations with companies that treat employees, communities and the environment poorly. In 2021, 95% of larger companies reported on ESG matters, according to a recent AICPA, CIMA & International Federation of Accountants (IFAC) report, but much of the data being tracked continues to be fragmented, lacking consistency, comparability and quality. Examine the top issues facing ESG auditing and accounting, including broadening CPA responsibility, attestation rules and major changes to measuring materiality, among other things.
Dale R. Manske, CPA – Director of Finance and Technology, Viking Products, Inc., Grand Rapids
David Swift – Director, Assurance Professional Practice Group, BDO USA, LLP, Houston, TX
Credits: 1.0 AA

LAUNCH CHANNEL ONE

CHANNEL TWO

9:35 AM – 10:25 AM
Overview and Implementation of Quality Management Standards
New quality management standards (QMS) made a big splash last year! Firms with A&A practices need to understand the new quality management standards and how to move from a quality control system to a quality management system. Uncover the keys to unlocking a successful transition and focus on your own risk assessment process.
Dave Arman, CPA, MBA – Senior Manager – Audit Quality, AICPA, Southport, NC
Credits: 1.0 AA

10:35 AM – 11:25 AM
Time for Your Remote Audit Tune Up
The past couple years have seen remote auditing transition from a temporary solution to common practice. Understand the benefits and potential issues as firms continue to weigh a return to the field or further push towards a fully off-site process. Get practical tips and techniques to refine your remote procedures based on recent examples of successful implementation. Share your successes and hear about your colleagues’ wins.
Dave Arman, CPA, MBA – Senior Manager – Audit Quality, AICPA, Southport, NC
Credits: 1.0 AA

11:35 AM – 12:25 PM
SOC It to ‘Em: Your Guide to Third Party Attestation Reports
Third party attestation reports include System and Organization Control (SOC) reports and others for assurance. Leverage a SOC report to build trust, manage your risk, and protect and grow your business. Specifically, understand how to apply the new SOC guidance to improve your use and review of SOC reports.
Dana R. Hinchberger, CISA, CCSFP – Manager, Third Party Attestation, BDO USA, Pittsburgh, PA
Jason Lipschultz, CPA, CISA – Partner, Third Party Attestation, BDO USA, Chicago, IL
Anthony Ting, CISA, CRISC, ISO – Managing Director, Third Party Attestation, BDO USA, Chicago, IL
Credits: 1.0 AA

2:10 PM – 3:00 PM
Cyber Audit: Risks & IT Controls
What does an auditor look for or review when conducting a cybersecurity audit and internal controls review? Discover what it takes to prepare for such an engagement while discussing and comparing two of the most popular cybersecurity frameworks created by the AICPA and the National Institute of Standards and Technology (NIST) respectively.
Gregory H. Soule, CPA, CISA, CISSP, CFE – Partner, AHP, Bloomfield Hills
Credits: 1.0 AA

3:10 PM – 4:00 PM
Cyber Audit: Risks & IT Controls (Second Offering)
What does an auditor look for or review when conducting a cybersecurity audit and internal controls review? Discover what it takes to prepare for such an engagement while discussing and comparing two of the most popular cybersecurity frameworks created by the AICPA and the National Institute of Standards and Technology (NIST) respectively.
Gregory H. Soule, CPA, CISA, CISSP, CFE – Partner, AHP, Bloomfield Hills
Credits: 1.0 AA

4:10 PM – 5:00 PM
Ethical Considerations: Tips for Navigating NOCLAR
When it comes to handling the transition of clients between different audit service providers, ethics dictate that concerns regarding fraud or noncompliance be shared. In fact, two AICPA committees are dedicated to providing clarity around these circumstances. Find out what your obligations are according to the Auditing Standards Board (ASB) and the Professional Ethics Executive Committee and walk away with a better approach to both employer and client noncompliance with laws or regulations (NOCLAR).
Raymond T. Rowe, CPA, JD – Attorney, Raymond T. Rowe, PC, Troy
Credits: 1.0 ET

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