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06:30pm - 07:45pm EDT - June 8, 2022

Wednesday
06:30pm - 07:45pm EDT - June 8, 2022 | Room: Ironwood 4
Track: ENGAGE Main Conference
Total Minutes: 75

Learn about the new quality management standards and how to implement them: Applying the new, proactive, risk-based approach to quality management systems within firms. Scaling the standards to tailor your system to the nature and circumstances of your firm and its engagements.



Objectives:
  • Analyze the new requirements of the quality management standards
  • Apply the new, proactive, risk-based approach to quality management systems within firms.
Wednesday
06:30pm - 07:45pm EDT - June 8, 2022 | Room: Juniper 1
Track: ENGAGE Main Conference
Tags: NAA
Total Minutes: 75

Profits Interests have become increasingly common in private entities. Navigating the accounting for these instruments can be complex. This session will discuss common features of profits interests, key challenges with auditing these instruments, and understanding how to account for them.



Objectives:
  • Distinguish profits interests and articulate key associated terms and common features​
  • Identify key challenges with auditing profits interests​
  • Determine whether the compensation arrangement is subject to ASC 710 or 718 in order to correctly classify it
Wednesday

Most small and middle-market auditors struggle to generate efficient and useful internal control assessments. This session will focus on proven approaches to reduce costs and increase the usefulness of these required procedures. Forthcoming Standards confirm the continuing role of this area of current practice. Practical hints on documentation, integrating IT auditing, developing internal IT audit expertise and the need to sometimes "think outside the forms" will enhance your audits.



Objectives:
  • Identify the role and significance of internal control assessments through the AICPA Audit Risk Model
  • Recognize when controls testing creates efficiencies and what controls to test
  • Apply tips for creating efficient and effective assessments
  • Determine characteristics of an effective IT audit program and determine how to develop in-house IT audit competency
  • Predict solutions to practical implementation hurdles
11:00am - 12:15pm EDT - June 9, 2022

Thursday

This session will engage the participant in understanding languages of appreciation and how to leverage them to create a sustainable culture of belonging and relevance. Take part in dynamic conversations and gain tools and techniques to engage and retain BIPOC teammates.



Objectives:
  • Recall when you may be making triggering comments and how to avoid them.
  • Identify skillsets to help you listen with intention.
  • Recognize how making socio-capital deposits among colleagues can cultivate trust.
12:30pm - 01:45pm EDT - June 9, 2022

Thursday

The Great Resignation is a phenomenon where record numbers of people are leaving their jobs during the COVID-19 pandemic. Join this session to learn how to navigate the ripple effects of the pandemic and re-evaluate how to retain talent, particularly women who have been the most impacted.



Objectives:
  • Recognize the toll the pandemic is playing on the women in the workplace.
  • Assess and interpret data to understand the full impact of the increase in women leaving the workforce.
  • Identify tips for providing more flexibility and retaining employees, particularly women.