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12:30pm - 01:45pm EDT - June 6, 2022

Monday

The business environment is complex and evolving more rapidly than ever. A world-wide pandemic has required us to work differently, accelerated our adoption of technology by years and injected new risks and opportunities into the system. 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.



Objectives:
  • Assess the trends in the environment that are impacting assurance practice
  • Identify impact on quality
  • Analyze insights into developments that will affect practice in the near future
  • Compare new assurance opportunities
02:15pm - 03:05pm EDT - June 6, 2022

Monday
02:15pm - 03:05pm EDT - June 6, 2022 | Room: Orovada 1/2
Track: ENGAGE Main Conference
Total Minutes: 50

The CPA profession played a critical role in helping small businesses acquire funding during the pandemic. This role naturally led to CPAs providing their clients with business advice. In turn, the opportunity for deeper client advisory services through business financing was revealed. In this session, leading voices will share how practitioners are expanding their client advisory services by providing financing assistance. You'll hear exactly what steps firms are taking to feature finance and FinTech as part of their CAS offering.



Objectives:
  • Recognize current financial trends that position CPA firms as trusted financing advisors
  • Distinguish how other CPA firms are effectively and efficiently providing client value through financing
  • Select effective approaches to pricing and positioning of financing advisory services
  • Identify opportunities to save your clients time and money by using an integrated FinTech ecosystem
04:30pm - 05:45pm EDT - June 6, 2022

Monday
04:30pm - 05:45pm EDT - June 6, 2022 | Room: Juniper 4
Track: ENGAGE Main Conference
Total Minutes: 75

The AICPA Chief Auditor and the Immediate Past Chair of the Accounting and Review Services Committee (ARSC) will discuss recently issued standards for audits and attestation engagements and recent activities of the ARSC for reviews, compilations and financial statement preparation engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARSs). The discussion will also include the Auditing Standards Board and ARSC's active agendas including ongoing efforts to modernize auditing and attestation standards, enhance 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 projects to: Revise the quality control standards and make narrow revisions to auditor/accountant communications regarding NOCLAR.



Objectives:
  • Apply new auditing, attestation, SSARSs and quality management standards in their engagements.
  • Identify current projects to keep attendees apprised of their status and facilitate their participation in the stakeholder feedback process.
06:00pm - 07:15pm EDT - June 6, 2022

Monday

Risk assessment is at the core of every audit and recently issued SAS 145 introduces new and enhanced requirements related to the identification and assessment of the risks of material misstatement. Join three of the profession’s leading voices, Tom Groskopf, the technical director for the AICPA’s Center for Plain English Accounting and Director at Barnes Dennig, Chuck Landes, retired AICPA V.P. of Auditing Standards and author of the new AICPA’s Risk Assessment Guide, and Liz Gantnier, Partner at DHG Audit Innovation & Methodology, as they provide practical advice on scaling the new risk assessment requirements to smaller firms. Also, the presenters will preview what to expect in the new Guide, which the CPEA is advising on. Come learn what’s new about SAS 145 and get all your implementation questions answered by these experts.



Objectives:
  • Identify a deeper comprehension of the requirements of SAS 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement.
  • Recognize how auditors can adapt SAS 145 and the risk assessment professional literature to typical smaller-firm engagements.
  • Indicate the most common challenges auditors encounter with respect to the risk assessment professional literature.
11:00am - 12:15pm EDT - June 7, 2022

Tuesday

In 2021, AICPA & CIMA formed a Future of Finance Group. They were charged with how to transform the profession in its broadest context and re-imagine the finance function of the future. In this candid panel discussion with members of our Future of Finance Leadership Advisory Group we will discuss the key findings from our recent Future of Finance Summits and what the panel are doing to take advantage of these issues and opportunities. Also, in conjunction with Wharton Business Consulting we have been investigating whether the pandemic has changed the skills, capabilities and mindsets the successful finance leaders need. With 80% of businesses and firms facing a leadership talent shortage, building an internal pipeline of leaders has never been more critical. Working closely with finance leaders we identified four key traits. Which set of underpinning skills and mindsets do finance leaders need to play a key role in influencing the future of their organizations?



Objectives:
  • Identify the top priorities of the Future of Finance group as we look towards our emergence from the global pandemic.
  • Recognize what this means to the ever changing role and mandate of finance & accounting.
  • Determine how we continue to re-invent the role of the CFO and develop the key skills and mindsets of the future.
12:30pm - 01:45pm EDT - June 7, 2022

Tuesday

This course is designed to obtain an understanding of the proper accounting, audit and tax implications for businesses receiving COVID related government assistance program funding.



Objectives:
  • Recall a general understanding of the Cares Act and Consolidated Appropriations Act, 2021
  • Recognize the accounting and financial reporting implications of government assistance funding programs, including the Payroll Protection Plan (PPP) loan and EIDL
  • Determine the audit requirements associated with pandemic relief funding
  • Identify the tax implications regarding pandemic relief funding
02:15pm - 03:30pm EDT - June 7, 2022

Tuesday
02:15pm - 03:30pm EDT - June 7, 2022 | Room: Ironwood 7/8
Track: ENGAGE Main Conference
Total Minutes: 75

The elements that build trust don't change when we shift to hybrid work, but the actions that build trust do. This talk will cover both the elements and their corresponding actions. You'll leave this session equipped with a tool that supports diagnosing trust breaches as well as a plan for action in building trust intentionally.



Objectives:
  • Recognize the importance of trust at work.
  • Identify the elements of trust.
  • Analyze real-life examples from each element of trust.
Tuesday

Live from ENGAGE! The AICPA Town Hall Series is a high-impact news broadcast that delivers accounting and finance professionals with the latest analysis, insights and practical guidance to help them understand and respond to the most pressing issues facing the profession. The Town Hall Series is recognized by tens of thousands of practitioners as the profession’s go-to resource for timely and critical information, real-time interpretation and analysis, and a broader discussion on the strategies and capabilities that drive long term success. Town Hall panelists include practitioners, thought leaders, policy makers and a range of experts from across the profession, government and business. Join this special edition Town Hall as AICPA leaders bring the news desk to ENGAGE.



Objectives:
  • Identify Timely & Critical Information
  • Formulate Interpretation & Analysis
  • Recall Firm and Business Strategies
  • Recognize Practitioner Capabilities
05:30pm - 06:45pm EDT - June 7, 2022

Tuesday
05:30pm - 06:45pm EDT - June 7, 2022 | Room: Ironwood 4
Track: ENGAGE Main Conference
Total Minutes: 75

The accountants view of Graphic Packaging's ESG Story. The role of accounting, risk, and audit in ESG



Objectives:
  • Analyze ESG
  • Identify how accounting, risk, and audit can add value through ESG
07:15pm - 08:30pm EDT - June 7, 2022

Tuesday

This will include security, applications, equipment, challenges with contract employees vs. full time team members, etc. The focused will be on the challenges in this space felt by all sized firms from sole practitioners to large regional firms. Attendees will walk away with not only the perfect technology stack for dealing with a remote workforce, but also the "must have" security practices to have in place.



Objectives:
  • Recognize the must have technologies for a remote workforce
  • Determine the security best practices for this space
  • Indicate best practices for dealing with contract employees