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Date / Time / Location

Monday, October 28, 2019
8:30 AM - 4:30 PM
Registration: 8:00 AM

NJCPA Learning Center
105 Eisenhower Parkway, Suite 300
Roseland, NJ 07068
973-226-4494

CPE Credits

  • 4.00 CPE Credits in AA
  • 4.00 CPE Credits in CS

Package Pricing

In-Person Registration
  • $279.00 - Member
  • $379.00 - Non Member
Webcast: Attend this seminar virtually
  • $279.00 - Member
  • $379.00 - Non Member
The first part of this course will help identify best practices and top trends for accounting firms to help establish highly effective, efficient and successful practices. We will explore best practices in various service areas to enable practitioners to provide high value-added services while maintaining client confidentiality and protection of confidential information and date and development through implementation of procedures and processes to ensure accounting firm practice success. In the words of Albert Einstein, “The definition of insanity is doing the same thing over and over again and expecting different results."

The second part of this course participants will learn the basics of cybersecurity awareness and safeguarding sensitive data, how to address cybersecurity threats within a firm, and how to use AICPA best practices to manage and obtain assurance of cybersecurity risks. By its conclusion, participants will know how to address cybersecurity threats with reasonable assurance in audit engagements.

Designed For

Practitioners in small to medium-sized public accounting firms who desire to build a quality-oriented and successful practice in both attest and/or non-attest professional services.

Benefits

  • Identify potential enhancements to existing practice areas to raise controls, efficiencies and the value of provided professional services
  • Identify potential new practice areas to organically grow and expand valuable client services
  • Identify the complementary practice needs to professionally diversify the practice beyond core compliance services while ensuring quality controls and due-professional care necessary to ensure greater value-added results for clients
  • Explain the cybersecurity threat landscape and its economic costs
  • Identify state regulatory and legal rules related to cybersecurity
  • Apply the core principles of cybersecurity awareness to limit cybersecurity risk
  • Describe the AICPA’s cybersecurity risk management framework and CPA responsibilities
  • Provide reasonable assurance related to third-party consultants and cloud providers
  • Educate the firm and clients on cybersecurity basics, risk management and best practices

Highlights

    Discuss the best practices of:
  • Alternatives and recommendations for providing tax preparation and compliance, including desktop versus cloud controls
  • controls and compliance in SAS, SSARS and SSAE services when providing financial statements and/or financial reporting
  • Establishing and maintaining a system of quality control for a CPA accounting and auditing practice
  • Ideas and recommendations for establishing, providing and maintaining client accounting services
  • Policies and procedures for conducting consulting and advisory services
  • Key concepts in developing service niches
  • Client acceptance and continuation Learn more about:
  • Ransomware
  • Identity theft
  • Social engineering attacks
  • Safeguarding taxpayer data
  • Security protections in SOC 3® reports
  • AICPA’s PCPS Cybersecurity Toolkit
  • AICPA Professional Code of Conduct Disclosing Information to a Third-Party Service Provider (1.700.040)

Course Level

Intermediate

Prerequisites

Web browsing and email experience.

Advance Preparation

None

Additional Notes

Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.
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Salvatore Collemi

Salvatore A. Collemi, CPA
Managing Member & Founder
Collemi Consulting & Advisory Services, LLC

Salvatore A. Collemi, CPA, is the partner-in-charge of the Professional Standards Group at Marks Paneth LLP. To this role, he brings more than two decades of experience with US and international financial reporting, professional standards, corporate governance and risk management practices.

The Professional Standards Group oversees overall compliance with and implementation of accounting, audit and attestation standards, independence and ethics and quality control standards set by the American Institute of Certified Public Accountants (AICPA), the Financial Accounting Standards Board (FASB), the Public Company Accounting Oversight Board (PCAOB), the US Department of Labor (DOL) and US. General Accounting Office (GAO).

Prior to joining Marks Paneth, Mr. Collemi served as the Managing Member and Founder of Collemi Consulting & Advisory Services, LLC. In this role, he provided high-level strategic and technical guidance to many small and mid-size public accounting firms, litigation attorneys, valuation experts and the C-suite.

As a former Staff Accountant in the Division of Corporation Finance, a Technical Manager in the National Peer Review Program and external auditor at leading institutions such as the US Securities and Exchange Commission (SEC), the American Institute of Certified Public Accountants (AICPA) and several mid-size to large international public accounting firms, he has demonstrated the impact of US and international financial reporting, internal control systems and regulatory compliance acumen as they affect privately-held and publicly-traded companies.

As a recognized subject matter expert on International Financial Reporting Standards (IFRS), Sal was named by the AICPA as an official participant in the development and review of IFRS questions for the Uniform CPA Examination and the content for the IFRS Certificate of Accomplishment Program. He served as the IFRS Expert-at-Large for the AICPA Board of Examiners Content Committee from 2011-2014.

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