An overview of federal profession issues including legislative and regulatory actions.

With deterioration in the general economic conditions due to inflation, supply chain, liquidity concerns, and decreased consumer spending resulting in numerous accounting and audit matters in financial reporting. This session will address Going Concern, Debt Compliance, Impairment, Fair Value, and Revenue Recognition issues impacted by the current economic conditions.

In this course, Tony Nitti will update you on recent developments involving S corporations.

Fifty-seven percent of baby boomers said they had a "poor understanding" (31%) or know "almost nothing" (26%) about Medicare, according to a recent survey by Bankers Life and Casualty Company. Three-quarters of boomers (72%) did not know that most Americans on Medicare pay premiums, copays, and deductibles. One in seven thought Medicare was free. Only 14% knew that Medicare does not cover long-term care. A health care crisis is looming in this country, and it is essential for baby boomers and those who advise them to understand what they need to do to prepare for it financially.

With increased urgency about climate impacts and the widespread embrace of major social issues, there is also increased demand for disclosures being made by investors, other stakeholders and regulators. The initial two global standards developed by the International Sustainability Standards Board (ISSB) are scheduled for launch in June 2023. In the U.S., the final SEC rule on GHG disclosures is expected to also be released mid-year. In the EU, the Corporate Sustainability Reporting Directive (CSRD), has a comprehensive suite of European Sustainability Reporting Standards (ESRS) in the final stages of review and approval. Also expected in 2023 is the release of the final Task Force on Nature-related Financial Disclosures (TNFD) framework designed to address biodiversity concerns. This session will provide an overview of the rapidly developing ESG landscape, and a discussion of initiatives by leading companies to develop and implement internal strategies to meet the demands of these emerging requirements.

The desire to recruit and retain a diverse workforce has led may organizations to ask employees to self-disclose demographic data. Through self-ID, organizations can have accurate data on employee demographics, which can in turn lead to increased resources and awareness. Organizations have made great strides expanding data collection for gender, ethnicity, and even disabilities, but challenges still exist in the area of LGBTQ+. In this session our speakers will unveil a new toolkit created under the leadership of the AICPA & CIMA LGBTQ+ initiatives committee that will outline best practices related to LGBTQ+ data collection and use through self-identification.

In this session, Tony Nitti will walk through common taxable transactions and tax free reorganizations, including Section 338(h)(10) elections and Section 1202 considerations.

Whether you are new to the profession or a longtime practitioner, this session will educate you about the history and current work of the MTC, including its multistate audit and VDA programs and current uniformity projects focused on the taxation of partnerships and digital products.

Not sure how best to move up the ranks and climb the corporate ladder in the CPA profession? Hear from two young professionals that have navigated their way to top level positions in their organizations and just how they did it. In this session you will learn how to go from entry level to upper management in public accounting and in industry. We will explore strategies that will put you on the path to success. Whether it be building a trusted network, aligning your values and passions to your work, or making the right career choices, advancing to your desired position as a CPA is attainable, if navigated correctly.

A panel of CPA thought leaders from the Financial Planning, Income Tax, and Estate Planning areas will share their best ideas for planning for individuals and families in all areas of personal finances for 2023 and beyond.

Come and hear from experienced CFOs and what they have learned in their storied careers.

Accounting and finance team face increased pressure to help executive teams and organizations navigate through challenging economic times. This session will help accounting and finance teams refine processes and procedures for optimal cash prioritization, management and forecasting.

This is a facilitated forum discussion for firms with less than 75 employees to ask questions, discuss trends, and share successes and challenges. Bring your most burning questions and challenges, and get answers from your peers!

This is an facilitated forum discussion for firms with more than 75 employees to ask questions, discuss trends, and share successes and challenges. Bring your most burning questions and challenges and get answers from your peers!

Understand how processes can affect firm operations. Review why firms/organizations may not be able to standardize processes and understand the benefits of standardizing processes when available. Develop steps for standardization.

Organisations are rapidly changing the way they work and how they capitalise on new technologies such as blockchain. Join us as we explore how AICPA and CPA Canada working groups are providing insight into the complex challenges faced by Digital Asset financial statement issuers and auditors. We will also discuss the regulatory environment in this quickly evolving space, including highlighting similarities and differences in the US and Canada approach. We will provide an explanation of the FASB exposure draft _Accounting for and Disclosure of Crypto Assets_ and other related accounting hot topics.

Navigating the profession as a woman can be difficult. Trying to balance the profession, family and constant deadlines can take its tole on everyone and lead to burnout at an alarming rate. In this session we will talk to 3 accomplished female professionals, from different backgrounds and career paths, who will share their struggles and how they overcame those struggles to be leaders in the profession.

The concept of capacity is one that has intrigued professionals for much of their career. In this session, Sandra will ignite new excitement in the potential of regaining control of your day by adding common sense capacity actions into your life. In this session we will:

An entertaining and informative look at a case described by The Hollywood Reporter as “the Tax Trial of the Century”, presented by the former IRS Estate Tax Attorney that was involved through all stages of this case. Estate of Michael Jackson v Commissioner is an important case that provides direction in valuing music assets and right of publicity and also illustrates how the credibility of the valuation experts can make or break the case. The 271-page opinion of the trial judge does not hold back in its criticism of each of the valuation experts.

Panel discussion of tools and techniques for controlling costs while also convincing customers to continue their spend with your organization.

Financial planning is a broad term that can mean many things to many people. In this session our panel will provide insights and practical advice based on their experience in financial planning. As a CPA, your unique knowledge and client relationships can help make financial planning an invaluable part of your practice. This session gives you the opportunity to ask the hard questions about how to successfully work with clients to build trust and provide meaningful services to them.

Come hear about all the advocacy work being done to support AICPA members in the area of individual and self-employed tax. Learn about the guidance that is being requested in the many AICPA comment letters as well as how you can get involved as a volunteer with the AICPA.

The Inflation Reduction Act includes a 15% book minimum tax, a new alternative minimum tax applied to corporate financial statement income. This course will provide a brief summary of the new CAMT, identify issues, and suggest potential client solutions.