This includes sessions from the conference: Advanced Accounting and Auditing (as part of AICPA ENGAGE 2018)
Auditing under Topic 606 will be more challenging due to the transition and disclosure requirements as well as the new rules for revenue recognition. Get ahead of the curve by learning the expectations for a supportable audit of the client's transition and new revenue recognition response.
Learning objectives:
• Review of the auditing portion of the 2016 A&A Guide Revenue Recognition
• Review of the controls entities should have in place for the transition and for going forward.
• Tips for minimizing the extent of procedures necessary to achieve a supportable audit of revenues
The AICPA's Technical Issued Committee (TIC) is a committee of CPA practitioner volunteers working to represent the views of local firms and their clients in the standards-setting process. This panel includes 3 representatives of TIC to provide their views on recent standards-setting activities.
Learning objectives:
• To provide an update on recent activities of TIC
• Allow participants to ask questions about the recent activities of standards setters and TIC's views on some of the key issues
Join members of the Center for Plain English Accounting (CPEA) for a unique session in which they provide a refresher on accounting guidance which practitioners commonly submit inquiries about.
This session will discuss the status of the law, types of claims brought against CPA firms and Risk Management Techniques to avoid claims.
Learning objectives:
• Discover what a CPA firm should do when it is served with a complaint
• Learn techniques your firm can employ to avoid litigation
Responding to pushback—whether its on investment questions, fees or other client experience issues--can occasionally trip up even the most seasoned advisor, and mean the difference between landing and losing that next prospect! Hear from Ernest Clark on key ways to keep the conversation focused and build confidence.
Firms that currently serve the Baby Boomers and Silent Generation clients know they will need to attract the younger generations to maintain the longevity of their firm. Forging a relationship with their clients' children is great for both the parents and their children. Yet most struggle to figure out how to connect with and provide planning services for younger generations. This session will provide you with specific recommendations for how to successfully and profitably serve NexGen clients by leveraging technology and workflow automation. Deborah Fox will share how she and her team built this service tier in their firm and what specific components made it a resounding success.
Learning Objectives:
- Provide ideas for successfully serving NexGen clients, especially the children of their existing clients
- Discuss examples of how Deborah structured this service in her own firm (what to do, but more importantly, what NOT to do
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