Wednesday, June 3, 2020 – Wednesday, June 3, 2020 | 7:50am – 4:30pm

Accounting & Auditing Virtual Conference

The start date for this course has passed. Registration is no longer available.

 June 3, 2020

 Due to the ongoing COVID-19 (coronavirus) pandemic, the MSCPA has made the difficult decision to make our Accounting and Auditing Conference a virtual-only event. The conference will still take place on June 3 from 7:50 a.m. – 4:30 p.m., and participants will receive eight CPE credits. You will also learn from the same quality speakers that you expected to see at our live program.  

 

Please reach out to Katlyn Ribeiro at 617.303.2404 or kribeiro@mscpaonline.org if you have any questions.

 

Agenda

 

7:50 – 8:00 a.m. 

Welcome and Opening Remarks

Amy Pitter, The Massachusetts Society of CPAs

Phil Pacino, CPA, Greene Rubin Miller & Pacino


8:05 – 9:20 a.m.

Standard Setting in Today's Environment and Updates on Audit, Attest and SSARSs Standards

Bob Dohrer, CPA, CGMA, The American Institute of CPAs (AICPA)

In this session, we’ll discuss what is currently driving the standard setting agendas of the AICPA’s Auditing Standards Board and Accounting and Review Services Committee. We will also provide an update on recently issued audit, attest and SSARSs standards as well as standards expected to be issued in 2020-2021.


9:30 – 10:45 a.m.

Risk Assessment - Common Deficiencies in Peer Review

Elizabeth Gantnier, CPA, Dixon Hughes Goodman LLP

Risk assessment is a huge area of focus by peer reviewers, and in this session, we’ll examine why it is essential to understand the audit risk model and what is required by the audit standards. We’ll also cover common deficiencies in documentation and discuss compliance with the standards. 


10:55 a.m. – 12:00 p.m. 

AI in Auditing

Samantha Bowling, CPA, CGMA, Garbelman Winslow CPAs

Learn how to implement AI in your audit practice and how to recognize the other revenue opportunities that AI can bring to your firm. This will be a small firm perspective where we will walk you through the AI discovery journey and illustrate the benefits of AI in practical terms. We’ll also discuss how AI is transforming the services we provide and the new services we are expanding to clients.


12:00 – 1:00 p.m. 

Lunch


1:00 – 2:00 p.m. 

Concurrent Sessions (choose one) 

AI in Auditing - Practical Application and Use Cases

Samantha Bowling, CPA, CGMA, Garbelman Winslow CPAs

Discover how to use AI for audit risk assessment and audit sampling, as well as provide examples of audit documentation.

 

Lease Accounting

Sal Collemi, CPA, Kaplan

Discuss the significant changes in the Financial Accounting Standards Board (FASB)'s new lease standard (ASU 2016-02, Topic 842) makes in lessee accounting and disclosure. We’ll examine the accounting for finance and operating leases, implementation considerations, analyses in practical expedient and accounting policy options and related business implications of the new standard.

 

New Audit Standards

Marci Thomas, CPA, MHA, Surgent

Examine several standards issued by the Auditing Standards Board that are effective for calendar end entities in 2020 and fiscal year end clients in 2021. We’ll cover the provisions of the SAS 134 and SAS 135 standards as well as implementation suggestions.

 

 
2:10 – 3:10 p.m.

Concurrent Sessions (choose one)

Rev Rec – Lessons Learned

Sal Collemi, CPA, Kaplan

In this session, we’ll discuss ASU 2014-09, as amended (Topic 606), and how it will impact most U.S. Generally Accepted Accounting Principles (GAAP) financial statements, either due to measurement and recognition changes from legacy GAAP and/or additional disclosure requirements compared to prior guidance. We’ll cover key provisions of the topic and discuss transition and business implications of the new guidance.

 

Nonprofit Update

Marci Thomas, CPA, MHA, Surgent

Learn about recent changes in accounting, auditing and compliance standards that impact nonprofits. We'll share how auditors and accountants can remain current on issues impacting the nonprofit industry.

 

 

Private Company Financial Statements

Kenn Heaslip, MS, MBA, CPA, CGMA, Kaplan

With the complexities and cost of U.S. Generally Accepted Accounting Principles (GAAP) financials, many practitioners have encouraged clients to use tax basis and other special purpose frameworks financial statements (previously OCBOA). This course is designed for practitioners in public practice and accounting and finance professionals in industry who are responsible for the preparation of non-public, non-U.S. GAAP financial statements.

 

 
3:20 – 4:30 p.m.

FASB Update

Kenn Heaslip, MS, MBA, CPA, CGMA, Kaplan

In this session, we’ll provide an overview of the Financial Accounting Standards Board (FASB)'s pronouncements during the past 18 months, with an emphasis on pronouncements with broad application.

  This conference qualifies for the Workforce Training Express Fund program. The course code for this program is 1124157. Click here for more details: https://www.mscpaonline.org/cpe/training_fund

Sponsors

Conference Credits

This course is 8.00 credits

Conference Fees

MSCPA-AICPA Member
$329.00
MSCPA Member
$329.00
AICPA Member
$429.00
Non-Member
$429.00

Conference Cost

You pay
$429.00
MSCPA Members save $100.00 on this course. Login or Join to take advantage of these savings.

The start date for this course has passed. Registration is no longer available.