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Tuesday, November 13, 2018 Live / Webcast

Accounting & Auditing Conference (E1811350)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

Pines Manor

2085 State Highway 27
Edison , NJ 08817

8 CPE Credits in AA

OVERVIEW

Pick up tips for increased efficiency, and hear about the most pressing issues in A&A and compilations and reviews from leading industry experts.

DESIGNED FOR

Whether you are a CPA in public practice or private accounting, this conference is a must to keep you one step ahead in a constantly changing business environment.

HIGHLIGHTS

Agenda

8-8:30 a.m.
Registration and Continental Breakfast


8:30-10:10 a.m.
FASB Update - Part 1
John M. Fleming, CPA, MBA
Part 1 of this session will address implementation issues and business implications associated with applying the new revenue and lease accounting standards. For non-public entities, ASU 2014-09 Revenue from Contracts with Customers is effective January 1, 2019 and ASU 2016-02 Leases is effective January 1, 2020.

10:10-10:25 a.m.
Break

10:25 a.m.-12:05 p.m.
FASB Update - Part 2
John M. Fleming, CPA, MBA
Part 2 of this session will provide an overview of changes made by FASB’s Accounting Standard Updates from the period June 2016 through June 2018.

12:05-12:55 p.m.
Lunch Break

12:55-2:35 p.m.
Concurrent Session 1. Please Choose One.

1A. Revenue Recognition - ASU 2014-09, As Amended, Revenue from Contracts with Customers
John M. Fleming, CPA, MBA
This session will overview the new revenue standard and identify and apply the new five-step revenue recognition model as well as describe and illustrate the new revenue disclosure requirements for both public and non-public entities.

1B. Issues Associated with Tax Basis Presentations
Kenneth A. Heaslip, CPA, MBA
This session will address the presentation and disclosure of tax basis financial statements, including the impact of the new tax law. It will include a discussion on the various options and factors in determining the appropriateness of preparation, compilation, and review reporting.

1C. Current Practice Issues in Peer Review
Rebecca M. Lee, CPA
Peer Review this year? Again, so soon? This “not to miss” session will address the most common peer review matters as identified by the AICPA and the PCAOB. Even though these deficiencies are common doesn’t mean they are new. However, they can contribute to a non-conforming engagement which can result in peer review results of pass with deficiency or worse, a failed peer review. Don’t fall victim to these deficiencies. Join this session to explore the issues and find common sense solutions.

2:35-2:50 p.m.
Break

2:50-4:30 p.m.
Concurrent Session 2. Please Choose One

2A. DOL Update Including New Audit Report Letter and Procedures
Rebecca M. Lee, CPA
Significant changes are coming soon to your Employee Benefit Plan Audits! Don’t miss this critical update. The Department of Labor’s influence and oversight continues on Employee Benefit Plan audits with the new (proposed) audit standard. The limited scope audited, while allowed by DOL, has long been considered a significant risk to auditor. Much of the risk can be attributed to misunderstanding by plan sponsors, fiduciaries and auditors of their respective responsibilities. Clarification has been needed and this standard will provide a better understanding of each parties’ responsibility. The auditor report letter, engagement letter and representation letter will see significant changes while documentation of new specific procedures will be required to ensure that adequate evidence is accumulated to support the report.

2B. Deceptive Accounting Practices
Kenneth A. Heaslip, CPA, CGMA
This session will cover various deceptive accounting practices and the CPAs role in identify frauds and assisting in the implementation of controls to avoid them. It will include a discussion on how financial statements will be impacted by the new revenue recognition standard and how to be prepared for the misapplication of such standards.

2C. Revenue Recognition - ASU 2014-09, As Amended, Revenue from Contracts with Customers (Repeated)
John M. Fleming, CPA, MBA
This session will overview the new revenue standard and identify and apply the new five-step revenue recognition model as well as describe and illustrate the new revenue disclosure requirements for both public and non-public entities.

COURSE LEVEL

Intermediate

Help Feed Those in Need

  • The NJCPA Emerging Leaders Council is hosting a Food Drive to benefit the Community FoodBank of New Jersey. Please bring your nonperishable items and canned goods to this event. Peanut butter and tuna fish are always needed.

INSTRUCTORS

John Fleming

John M. Fleming, CPA, M.B.A.

Kaplan Financial Education, Powered by Loscalzo

John M. Fleming, CPA, M.B.A. John M. Fleming, licensed as a CPA in Pennsylvania, has served as the Director of Content Development for Kaplan Financial Education, powered by SmartPros, and also as President and Director of Accounting and Auditing for Kaplan Financial Education, powered by Loscalzo Institute. John retired on October 1, 2017. In retirement, John continues to provide seminars as a discussion leader on a part-time basis. John’s prior practice experience includes audit, tax, consulting, office management, and human resource responsibilities with Deloitte LLP, Richard Eisner & Company LLP, and Ernst & Young LLP. John is a graduate of LaSalle and Drexel Universities with degrees in accounting and finance. John served as the 1999–2000 President of the 8,300-member Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA). In 2006, the PICPA recognized John as a Joseph E. Sterrett Fellow for his contributions to the accounting profession. In 2007, the Philadelphia Chapter recognized John with their Champion Award for his contributions to the PICPA, Chapter, profession, and community. John has also served as the 2002/2003 President of the American Accounting Association’s Mid-Atlantic Region.

Kenneth Heaslip

Kenneth A. Heaslip, CPA, CGMA, M.B.A.

Director

Cullari Carrico LLC

Kenn is a director at Cullari Carrico LLC, a regional CPA firm in Northern New Jersey. He also has extensive experience teaching all levels of accounting, auditing and other practice-related areas. Kenn has been a Professor of Accounting at several universities including Seton Hall, where he was the students’ choice as “Educator of the Year” two years in a row, as well as in the Executive Masters of Business Administration program at Rutgers University. In addition, he was the National Director of the Becker CPA Review. Kenn is an active member of the NJCPA, where he has served in positions, such as Vice President, Trustee Chapter President, Committee Chair and Task Force Chair. Kenn currently serves on the NJCPA Professional Conduct Committee, the Federal and State Taxation interest groups, Governmental Accounting & Auditing Interest Groups and the Nonprofit Interest Group.

Rebecca Lee

Rebecca M. Lee, CPA, CGMA

Kaplan Financial Education, Powered by Loscalzo

Rebecca M. Lee, CPA, CGMA Rebecca Lee, licensed as a CPA in Alabama and South Carolina, is a founding Principal with Brooke, Freeman & Lee. She served in areas of the assurance, quality control, and compliance responsibilities for the audit practice. She has served on numerous AICPA and state society committees, including the AICPA Management Consulting Service Professional Practice Subcommittee, Small Business Consulting Practices Subcommittee, and Council of the AICPA. She has chaired both the Management Advisory Committee and the Personal Financial Planning Committee of the Alabama Society of CPAs. Rebecca currently serves on the Illinois Society of CPAs Peer Review Committee, which serves multiple state societies of CPAs. Rebecca has served as professor of management accounting in the graduate studies (Master in Public and Private Management) program at Birmingham-Southern College. Rebecca holds a BS degree in accounting from Jacksonville State University, along with a master’s degree in Accounting from Birmingham Southern College. She is a member of the Alabama Society of CPAs, the South Carolina Association of CPAs, and the AICPA.

PRICING

In-Person Registration (E-Materials)

    $239.00 - Member

    $339.00 - Nonmember

Webcast: New for 2018! Attend this conference virtually.

    $239.00 - Member

    $339.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

Loscalzo Institute