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Date / Time / Location

Monday, December 9, 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 PE

Package Pricing

In-Person Registration
  • $279.00 - Member
  • $379.00 - Non Member
Webcast: Attend this seminar virtually
  • $279.00 - Member
  • $379.00 - Non Member

Also Available On

The first part of this program will discuss fraud, the Fraud Triangle, who commits fraud, fraud red flags and motivations to commit fraud, common fraud activities, COSO internal controls and selected financial statement fraud case studies.

In the second part of this program participants will learn the latest updated NJ statutes and regulations along with the re-codified and amended AICPA Code of Professional Conduct will be discussed with a practical approach to how this will impact both the CPA in public practice and industry. Added emphasis will be put on the most recent NJ regulations and AICPA interpretations.

Designed For

Practitioners in industry and in public practice.

Benefits

  • Define fraud in the context of financial statement fraud
  • Describe financial statement fraud and how they occur
  • Recognize both soft and hard indicators of fraud
  • Identify red flags of financial statement fraud, who commits financial statement fraud and incentives motivating them to do so
  • Recognize the most common financial statement fraud activities through selective case analysis
  • Understand the AICPA Code of Professional Conduct, along with recent changes
  • Identity ethical threats and safeguards associated with members practicing practice, in business, or applicable to other members
  • Understand the AICPA Code of Professional Conduct rules that are applicable to all members, including those in public practice and business
  • Explain and apply the AICPA Code of Professional Conduct rules applicable to integrity and objectivity, independence, general standards, act discreditable, commissions and referral fees, advertising, confidential information, and form of organization and name
  • Understand the importance of and differences between the AICPA Code of Professional Conduct and New Jersey state laws and regulations

Highlights

  • Overview of financial statement fraud
  • COSO and COSO Principal 8 concerning fraud
  • 2018 Report to the Nations
  • Fraud Triangle Fraud classification
  • Identifying red flags of financial statement fraud
  • Statement fraud and who commits it
  • Selected financial statement fraud activities (cases)
  • The conceptual framework
  • Confidentiality and conflicts of interest
  • Issues impacting attest services, including independence
  • Issues impacting non-attest practices and engagements
  • Issues impacting CPAs in industry
  • New Jersey state laws and regulations

Course Level

Intermediate

Prerequisites

Basic knowledge of professional ethics rules and regulations.

Advance Preparation

None

Additional Notes

Note: Due to the regulatory nature of the ethics requirement, you must attend the afternoon Professional Ethics session for the full 200 minutes. Late arrivals and early departures are not permitted.

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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Registrations will be accepted at the door.

Kenneth Heaslip

Kenneth A. Heaslip, CPA, CGMA
Group Discussion Leader
Loscalzo Associates, Ltd.

Kenneth Heaslip, MS, MBA, CPA, CGMA, licensed as a CPA in New Jersey, is a discussion leader and Content Specialist Instructor for Loscalzo Associates Ltd., a division of SmartPros, a Kaplan company. Kenn has extensive experience teaching all levels of accounting, auditing, and other practice-related areas. He has served as Vice President and Trustee of the New Jersey Society of CPAs, Secretary of their Scholarship Fund, President of the Essex Chapter, and chair of several task forces. He is an active member of many society committees in accounting and auditing, taxation, and student programs, as well as past chair of the Educators Committee. Kenn currently serves on the NJCPA Professional Conduct Committee. He is a Director at Leaf, Miele, Manganelli, Fortunato & Engel LLP, a regional CPA firm in New Jersey and New York City. Kenn has been a Professor of Accounting at Bloomfield College and Kean University, as well as an Executive in Residence at Seton Hall University, where he was the students’ choice as Educator of the Year two years in a row. He taught in the Executive MBA program at Rutgers University and has been with Becker CPA Review since 1983, serving as National Director for several years. As National Director, he was lead editor of course content and oversaw the hiring and training of 350 instructors on staff. Kenn has lectured extensively throughout the United States, Canada, and Asia. Kenn earned his BA from Rutgers University and has an MS in taxation and MBA in finance from Seton Hall University.

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