Agenda
GENERAL SESSION
LAUNCH GENERAL SESSION
8:30 AM – 9:25 AM
KEYNOTE PRESENTATION: Fraud and Business Identity Theft
Just 20 years ago, identity theft was not on the radar of most businesses and individuals. Today, however, it is as ubiquitous as the internet itself and a top concern among businesses, individuals and governments everywhere. Develop strategies for safeguarding against business identity theft by forming a deeper understanding of what makes businesses attractive targets for cyber criminals, the current laws that combat it, commercial identity theft protection services and more.
Lynn Fountain, CPA, CGMA, CRMA, MBA – Consultant, Fountain Consulting, Overland Park, KS
Credits: 1.0 AA
1:10 PM – 2:00 PM
KEYNOTE PRESENTATION: Cybersecurity: Accounting & Audit Consequences
Unfortunately, as cybercriminals and their toolsets become more sophisticated, IT controls are now vulnerable to hackers with the capability to bypass and otherwise undermine such efforts. Address five key factors of consideration for cyber risk assessments and determine a cyber in the auditing approach which supports IT audits that help prevent IT application control and general IT controls from being bypassed.
Daniel W. Bradley, CPA – Principal, Young, Oaks, Brown & Co., P.C., Altoona, PA
Credits: 1.0 AA
CHANNEL ONE
9:35 AM – 10:25 AM
Crypto Accounting Matters
The debate on how the various forms of cryptocurrency should be accounted for continues and,
as the types and uses of cryptocurrencies change, so too might the determination of how to account for them. Explore how to record these assets, appropriately recognize and measure activities of issuance and investment in various types of cryptographic assets and possible reporting issues that may arise.
Lynn Fountain, CPA, CGMA, CRMA, MBA – Consultant, Fountain Consulting, Overland Park, KS
Credits: 1.0 AA
10:35 AM – 11:25 AM
Getting It Right: Accounting for Business Combinations
Accounting and auditing for business combinations can be complex, depending on a range of conditions. Explore the history of accounting for business combinations and analyze current GAAP requirements for the valuation of intangible assets, accounting for the Opening Balance Sheet, post transaction considerations and much more.
John Waybright, CPA/ABV, CMA, ASA, CGMA – Principal, Valuation and Transaction Advisory Services, Rehmann, Orlando, FL
Credits: 1.0 AA
11:35 AM – 12:25 PM
Accounting for Change: Inside the ARSC Agenda
The Accounting and Review Services Committee (ARSC) Board 2024 agenda is set. Identify the top issues the board plans to address in the months ahead, including recently issued standards on financial statement review, compilation and preparation as well as ongoing efforts to modernize auditing and attestation standards, among other things.
Jim Martin, CPA, CGMA – Martin & Co., CPA, P.C., Dunwoody, GA
Credits: 1.0 AA
2:10 PM – 3:00 PM
Related Parties and Fraud
Related party transactions are not uncommon, but can you spot the difference between a typical related party transaction and a fraudulent one? Take a closer look at related party audit procedures and gain insight into what constitutes an abnormal transaction and the type of incentives that might inspire fraudulent behavior.
Daniel W. Bradley, CPA – Principal, Young, Oaks, Brown & Co., P.C., Altoona, PA
Credits: 1.0 AA
3:10 PM – 4:00 PM
What Management and the Non-Auditor Need to Know About SOC Reports
Service Organization Controls (SOC) reports may not be top-of-mind for non-auditor CPAs… but they should be. SOC reports can provide essential insight and information to use in effectively monitoring outsourced service providers and developing internal controls at your own organization. Get an explanation on how to read SOC reports and incorporate the data into protecting your or your client’s organization and bettering your bottom line.
Gregory H. Soule, CPA, CISA, CISSP, CFE – Partner, AHP, Bloomfield Hills
Credits: 1.0 AA
4:10 PM – 5:00 PM
Today’s Top Income Tax Accounting Issues
Income tax is among one of the most dynamic fields of the accounting industry due to frequent changes in regulations, tax legislation and business environments. Review the latest changes in tax law and rates and identify how those changes will affect clients and accountants alike, including a closer look at common pitfalls that trigger financial statement restatements.
Renee Reynolds, CPA, MST – Managing Director of Tax Services, Grant Thornton, Southfield
Credits: 1.0 AA
CHANNEL TWO
9:35 AM – 10:25 AM
Ethical Business Communication
Hear about the aspects of ethical business communication as they relate to relationships inside and outside of the firm or organization. Examine the importance of effective communication skills and discuss ways to reduce miscommunications and misunderstandings and improve organizational performance, not only financially but in terms of morale. Discover the importance of ethics in difficult communications and the power of intentional communication in making you a more effective work team leader. Look at the ways ethical business communication drives both personal achievement goals and organizational goals and should be a key element of any workplace culture.
Clare Levison, CPA, CGMA – Owner, Inspired Responsibility, Blacksburg, VA
Credits: 1.0 ET
10:35 AM – 11:25 AM
Ethical Business Communication (Second Offering)
Hear about the aspects of ethical business communication as they relate to relationships inside and outside of the firm or organization. Examine the importance of effective communication skills and discuss ways to reduce miscommunications and misunderstandings and improve organizational performance, not only financially but in terms of morale. Discover the importance of ethics in difficult communications and the power of intentional communication in making you a more effective work team leader. Look at the ways ethical business communication drives both personal achievement goals and organizational goals and should be a key element of any workplace culture.
Clare Levison, CPA, CGMA – Owner, Inspired Responsibility, Blacksburg, VA
Credits: 1.0 ET
11:35 AM – 12:25 PM
Time Sensitive: QMS Implementation Overview
New quality management standards (QMS) issued by the AICPA will go into effect in just 18 months. Analyze how these QMS standards differ from those of the past and discuss strategies for effective implementation ahead of the 2025 deadline.
Karen Welch, CPA – Principal, Edwards, Ellis & Associates, P.C., Troy
Credits: 1.0 AA
2:10 PM – 3:00 PM
On the Sustainability of ESG Accounting
The U.S. Securities and Exchange Commission (SEC) is increasing focus on economic, social and governance (ESG) disclosures as more public companies prioritize the issue. As sustainability practices gain momentum, evaluate the potential effects of pending ESG regulations on the accounting industry as a whole as well as individual practitioners and firms.
Kyle Urek, CPA – Managing Director, Deloitte & Touche, Detroit
Lulu Wang, CPA – Senior Manager, Audit and Assurance, Deloitte & Touche, Detroit
Credits: 1.0 AA
3:10 PM – 4:00 PM
Not-for-Profit Accounting Review & Updates
From the new lease guidance under ASC 842 to the upcoming auditing standard changes effective year end 2023 and 2024, change is on the horizon for not-for-profit accounting and auditing. Get up to date with this overview of all the latest developments in not-for-profit financial reporting.
Emily Harrison, CPA – Assurance Manager, Plante Moran, Southfield
Credits: 1.0 AA
4:10 PM – 5:00 PM
Cost Accounting 101 for Cannabis/CBD/Hemp Clients
Get an exciting overview into everything a small accounting or bookkeeping firm needs to know related to bookkeeping and cost accounting for clients in the cannabis/CBD/hemp industries.
Taylor Schuck, CPA – Taylor Schuck, CPA
Credits: 1.0 AA