Advanced Accounting and Auditing (as part of AICPA ENGAGE 2019)


This includes sessions from the conference: Advanced Accounting and Auditing (as part of AICPA ENGAGE 2019)

Standard: $459.00

Products

Trust, Value and Opportunity in Assurance

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Trust, Value and Opportunity in Assurance

Identification: NAA1901

The business environment is complex and evolving more rapidly than ever. In order to position ourselves for success, we must understand prevailing environmental trends, how they impact what we do as assurance providers, and the opportunities they present.

Learning objectives:

  1. Learn about the trends in the environment that are impacting assurance practice
  2. Understand impacts on audit quality
  3. Obtain insights into developments that will affect practice in the near future
  4. Learn about new assurance opportunities

Speaker(s):
  • Susan S. Coffey, CPA, CGMA, Chief Executive Officer - Public Accounting, Association of International Certified Professional Accountants
Tags: NAA
Standard: $49.00

Protecting the Privacy of Critical Data (NAA, FIN)

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Protecting the Privacy of Critical Data (NAA, FIN)

Identification: NAA19ER01

An organization's data is oftentimes thought of as its most valuable asset, yet many entities struggle when it comes to protecting that data. This is especially true when it comes to the personally identifiable data of customers, trading partners, and employees. This session will explore the topic of data protection anhttps://aicpaconferences.com/aicpa/admin/sessions/38773/edit/1118#d provide attendees with a greater appreciation of the potential difficulties one may encounter when attempting to create a data protection strategy, data handling procedures, control activities, and the types of technical tools available in the market about which CPAs should be aware.

Learning objectives:

  1. Leave participants with an in-depth understanding and increased appreciation of the challenges organizations face when designing and implementing a robust data protection strategy and methods.
  2. Provide participants with recommended steps for identifying an organization's critically important and most valuable data, identifying the types of controls that can help protect the integrity and privacy of that data, and technologies available in the market that can help prevent and detect data breaches and related data losses.

Speaker(s):
  • Thomas Patterson, CPA (Inactive) CISA CGEIT CRISC, Managing Director, Security Assurance LLC
Tags: NAA
Standard: $49.00

CECL Implementation

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CECL Implementation

Identification: NAA19ER02

This session will provide an update on the status of CECL, and the evolving best practices related to the implementation, integration and internal control being utilized to achieve a proper transition from current GAAP to the new standard.

You will receive critical information related to:

The necessary team members that need to be involved; impact in your internal controls; critical elements when using a third party; and how to discuss the new model with your auditors.

Learning objectives:

  1. Achieve a better understanding of the various methodologies in place under the new guidance.
  2. Achieve a better understanding of how the new CECL model can impact your ICFR environment for SOX purposes.

Speaker(s):
Tags: NAA
Standard: $49.00

ASB Update

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ASB Update

Identification: NAA1902

The Auditing Standards Board Chair will discuss recently issued standards for audits (SASs) and attestation engagements (SSAEs). The discussion will also include the ASB’s active agendas including ongoing efforts to enhance the standard setters’ outreach to stakeholders regarding proposed standards and post-implementation reviews of issued standards. This session will feature a discussion of the current status of the ASB’s projects to: a) Revise and expand the auditor’s report, b) Enhance auditor attention on financial statement disclosures as part of the risk assessment process and throughout the audit, c) Revise the attestation standards to enable a practitioner to perform an examination, review, or agreed-upon procedures engagement without having to request a written assertion from the responsible party, d) Revise the auditor’s performance and reporting responsibilities with respect to ERISA audits, e) Explore potential changes to the audit evidence standard; and convergence efforts on estimates and auditor risk assessment.

Learning objectives:

  1. Obtain an understanding of the standards recently issued by the auditing standards board.
  2. Obtain an understanding of projects currently underway at the auditing standards board and in the profession overall.

Speaker(s):
Tags: NAA Yellowbook
Standard: $49.00

Ethics Update

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Ethics Update

Identification: NAA1903

This session will provide attendees with an update on recent changes to the Code of Professional Conduct and also refresher on other ethical topics that the hotline staff are frequently asked about. In addition to understanding changes to your ethical responsibilities an emphasis will be made on understanding responsibilities related to hosting services.

Learning objectives:

1. Get an overview of hosting services changes to ethical responsibilities.

Speaker(s):
Tags: NAA Yellowbook
Standard: $49.00

Business Combinations: Accounting and Auditing Issues

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Business Combinations: Accounting and Auditing Issues

Identification: NAA1904

Business combinations and the application of FASB ASC 805 is one of the more challenging and complicated areas of accounting and financial reporting. This session highlights some common and trickier issues that can arise when accounting for a business combination. In addition, the presenters will offer audit considerations for those issues and other key aspects of such transactions.

Learning objectives:

  1. Gain an understanding of the application of the accounting literature to certain elements of a business combination.
  2. Comprehend certain common and challenging issues that arise during a business combination and how to properly account for them.
  3. Expand knowledge and skills related to business combinations.

Speaker(s):
Tags: NAA
Standard: $49.00

Peer Review - Part 1

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Peer Review - Part 1

Identification: NAA1905

This session is Part 1 of a two-part session series. These sessions, which qualify for the ongoing Team/Review Captain training requirement, will cover recent changes to peer review guidance, peer review resources and other related developments.

Learning objectives:

  1. Obtain an understanding of recent and upcoming changes in the peer review program guidance.
  2. Obtain an understanding of the current enhancing audit quality initiative areas of focus.

Speaker(s):
  • Andrew Pope, CPA, Partner, Grant Thornton LLP
  • Frances McClintock, CPA, Assoc Director - Peer Review Program, Association of International Certified Professional Accountants
Tags: NAA Yellowbook
Standard: $49.00

Accounting for Employee Compensation - Unique Awards

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Accounting for Employee Compensation - Unique Awards

Identification: NAA1906

This session will provide a summary of recent GAAP changes for shared-based payments as well as discuss examples based on requests submitted to the AICPA technical hotline (such as, profits interests, stock options, etc.).

Learning objectives:

  1. Attendees will understand the recent GAAP changes for share-based payments.
  2. Attendees will understand how to apply the current GAAP to common situations.

Speaker(s):
  • Mr. Jeremy Dillard, CPA, CGMA, Technical Standards Partner, SingerLewak LLP
  • Mike G. Austin, CPA, Senior Manager, Center for Plain English Accounting, Center for Plain English Accounting
Tags: NAA
Standard: $49.00

Independence and Nonattest Services: Don't Cross the Line

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Independence and Nonattest Services: Don't Cross the Line

Identification: NAA1907

Join this discussion on maintaining Independence while providing non-attest services and knowing where to draw the line. Practitioners are constantly striving to provide increased additional services to meet their client’s needs and this may include providing professional services that could give rise to threats to independence. This session will address concerns that practitioners have when providing certain non-attest services including revenue from contracts with customers, hosting services, and independence breaches.

Learning objectives:

  1. Implementation of FASB ASC 606, Revenue from Contracts with Customers: discuss at what point does providing this service impair independence.
  2. Discover how to determine if your firm is providing hosting services and what actions are needed to take prior to the effective date of the interpretation.
  3. Determine what steps should your firm take after discovering a breach of independence when performing non-attest services.

Speaker(s):
Tags: NAA Yellowbook
Standard: $49.00

Panel: Does Your Client Have to Adopt the Revenue and Lease Standards? An Alternative Solution

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Panel: Does Your Client Have to Adopt the Revenue and Lease Standards? An Alternative Solution

Identification: NAA1908

Implementing the new revenue and lease accounting standards presents difficulties and commitments of resources which can be avoided by preparing financial statements under the Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs). For the great many private companies that are not required to follow U.S. GAAP, the FRF for SMEs is an ideal financial reporting option that produces financial statements that management and bankers can use and rely upon. Hear from a CPA practitioner who has converted clients to the FRF for SMEs and learn about those experiences, as well as what the FRF for SMEs is all about.

Learning objectives:

  1. Gain a comprehension of the fundamental principles of the FRF for SMEs.
  2. Gain a comprehension of how the FRF for SMEs differs from other accounting frameworks.
  3. Learn how to transition financial statements to the FRF for SMEs.

Speaker(s):
  • Robert J. Durak, CPA, CGMA, Director - Audit & Accounting Technical Services, Association of International Certified Professional Accountants
  • Julie B. Killian, CPA, CGMA, Shareholder, Clayton & McKervey
  • Michael Brand, CPA, CGMA, Member, BMSS, LLC
Tags: NAA
Standard: $49.00