This year’s conference focuses on new standards and key processes that drive audit quality. It includes two tracks – one for CPAs with advanced experience in accounting and auditing and another for CPAs with basic-level experience.
DESIGNED FOR
CPAs in public practice and private accounting
BENEFITS
- Keep up with the latest developments in accounting and audit standards.
- Learn which new auditing standards will have large impact and minimal impact on your audits.
- Gain tips and insights to be more effective in assurance, compliance and reporting.
HIGHLIGHTS
8-9:40 a.m.
Common Financial Statement Mistakes
Frank Boutillette, CPA, CGMA, ABV - WithumSmith+Brown
Brad Muniz, CPA - SobelCo
We will focus on areas of financial statements that are confusing and where practitioners commonly make mistakes. Review financial statements, including the balance sheet, income statement, statement of shareholders’ equity and statement of cash flows along with sample disclosures in accordance with generally accepted accounting principles.
9:50-11:40 a.m.
Tracks by Experience Level (Choose One)
Both tracks will be available to conference attendees for on-demand viewing after the conference. CPE credit is not available for on-demand sessions.
Basic Track (Includes the following two sessions)
Mastering the Compilations and Reviews
Brad Muniz, CPA - SobelCo
Get a better understanding of the requirements for performing compilation and review engagements, including maintaining the working papers that will be assessed in your peer review.
Audit and SSARS Update
Frank Boutillette, CPA, CGMA, ABV - WithumSmith+Brown
Brad Muniz, CPA - SobelCo
Take a close look at the latest standards issued by the Audit Standards Board (ASB) and the Accounting and Review Services Committee (ARSC). This will be a high-level discussion to prepare you for these new standards and their implementation.
Advanced Track (Includes the following two sessions)
Current Estimate of Credit Losses
Frank Boutillette, CPA, CGMA, ABV - WithumSmith+Brown
CECL will significantly change the methodology used for estimating credit losses. Learn new requirements of Topic 326 that entities will need to focus their efforts. The course will inform you on which entities are affected and the types of financial assets that will need to be evaluated.
Improving Audit Quality with Risk Assessment
June Toth, CPA, CFF, CITP, CGMA – zbt Certified Public Accounting & Consulting, LLC
Review the new SAS 145 “Understanding the Entity and its Environment and Assessing the Risks of Material Misstatement." Because this standard does not fundamentally change the key concepts of current risk assessment standards, it will be a great refresher to assist you with your audits.
11:50 a.m.-12:40 p.m.
Transitioning to the New Lease Standard
Joe Boccia, CPA - WithumSmith+Brown
The new lease accounting standard, ASC 842 is finally upon us. Strengthen your understanding of the new standard, which goes into effect this year. This may be your last chance to understand the changes and how to implement them.
COURSE LEVEL
Basic