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Friday, January 17, 2020 East HanoverEssex Chapter

Risk Assessment, Independence and Leases Update (E2001229)

8:30 AM - 12:10 PM EST

Registration: 8:00 AM EST

The Hanover Manor

16 Eagle Rock Avenue
East Hanover, NJ 07936

4.0 CPE Credits in AA

OVERVIEW

Gain an understanding of the New Lease Accounting standard. This is the most significant change to lease accounting in 40 years. Virtually all leases will appear on the balance sheet/statement of financial condition. Learn what you need to know.

Hear an update of risk assessment and independence and how to apply the audit risk formula to your engagements.

BENEFITS

Earn 4 CPE credits in Accounting and Auditing.

HIGHLIGHTS

Lease Accounting Standard
Frank Boutillette
Frank will demonstrate how this change will impact the balance sheet. Using a comparison of Current GAAP and the New Lease Accounting attendees will gain an understanding of how to apply this new standard.

Primary Objective of Risk Assessment Standards
Brad Muniz, CPA - SobelCo.
To enhance the auditors' application of the audit risk model by requiring:

  1. A more in‐depth understanding of the entity and its environment, including its internal control. Use this understanding to identify the RoMM in the financial statements and the entity's efforts to mitigate those risks.
  2. A more rigorous assessment of the RoMM on the understanding of the entity and its environment, including its internal control.
  3. Improved linkage between assessed risks and the nature, extent, and timing of audit procedures performed in response to those risks.

COURSE LEVEL

Intermediate

PREREQUISITES

None

ADVANCE PREPARATION

None

ADDITIONAL NOTES

$14 late fee will be applied after 1/8. Season Pass holders must register for each event.



For course materials, please visit your My Events page. Handouts are added as received, remember to check back for updates.

INSTRUCTORS

Frank Boutillette

Frank R. Boutillette, CPA, CGMA, ABV

Partner

WithumSmith+Brown

Frank is a partner in Withum’s New York office and has over 25 years of accounting and auditing experience. Specializing in accounting, auditing and business valuation services, Frank is a licensed CPA in New York and New Jersey. He is a member of Withum’s Financial Services & Investment Group and has significant experience working with investment companies (hedge funds, mutual funds and ETFs), broker-dealers, private equity and venture capital funds, registered investment advisors and closely-held businesses. He also performs peer and quality reviews of CPA firms. He is a member of the American Institute of CPAs (AICPA) and the NJCPA, where he served as president for the 2015/16 term. Frank is also a member of the NJCPA Peer Review Executive Committee, which administers peer reviews on behalf of the AICPA in New Jersey. He is a co-author of three books on accounting.

Brad Muniz

Brad E. Muniz, CPA

Partner in Charge of Accounting & Auditing

SobelCo

Brad is a member of the firm and director of accounting and auditing at SobelCo, serving small businesses and individuals in the areas of accounting, auditing, tax and business consulting. He has significant experience in financial reporting, tax compliance and planning for closely held businesses, SEC registrants, nonprofit organizations and strategic business planning, and in industries, such as real estate, construction, architectural and engineering, retail, hospitality and manufacturing. Brad is a member of the AICPA and the NJCPA, and was a former NJCPA president. In addition, Brad has served as an adjunct professor of accounting at William Paterson University and the College of Saint Elizabeth.

PRICING

$89.00 - Member

$139.00 - Non Member

$0.00 - Season Pass

Pre-Registration Closed

Online pre-registration for this event is now closed.

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