In this session, we’ll go into a deep dive of the new auditor reporting standards, which are effective for audits of financial statements for periods ending on or after December 15, 2021. We’ll also discuss other recently issued and proposed auditing standards.
In this session, we’ll review the new standards for agreed-upon procedures engagements, examinations and attestation reviews, which provide increased flexibility for practitioners performing such engagements.
In this session, we’ll provide an overview of data connection, data transformation (often called automation) and data visualization, and discuss how these areas can be used in businesses.
The Center for Plain English Accounting (CPEA) collects the experiences, application issues, judgments, and inquiries related to the implementation of the revenue recognition standard (FASB ASC 606) and distills them down to lessons learned and best practices. Join the CPEA staff during this session to deepen your comprehension of FASB ASC 606. Topics covered include issues related to the identification of performance obligations, variable consideration, principal/agent determinations, and other challenges noted with current adopters.
Learning objectives of this session:
In this session, we’ll discuss the new leases standard for private companies and nonprofits. We’ll also examine issues, lessons learned from public company adoption and best practices on implementation.
Leah Donti, CPA, CMA, MBA is the founder and president of Advantage Montreal Seminars Inc. An internationally recognized leader and speaker in accounting and auditing, she has led seminars for 29 years through her seminar business. She conducts in-house trainings at CPA firms and various multinationals and does CPE courses through CPA state societies. In addition, Donti speaks at numerous conferences across North America each year, discussing topics such as Financial Accounting Standards Board (FASB) updates, private company Generally Accepted Accounting Principles (GAAP) developments, International Financial Reporting Standards (IFRS), variable interest entities, accounting and auditing updates, U.S. Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB) updates, revenue recognition, stock-based compensation, business combinations, compilation and review and fair value accounting. For the last 10 years, she has received the AICPA Outstanding Discussion Leader Award for her passion, energy and ability to speak at all levels of professionals, which has made her a most sought-out speaker.
Michael (Mike) Glynn, CPA, CGMA is a senior technical manager in the AICPA Audit and Attest Standards Team where he serves as the staff liaison to the Accounting and Review Services Committee (ARSC). In addition, Glynn supports the activities of Auditing Standards Board (ASB) and its subcommittees by assisting members in drafting and deliberating authoritative professional standards and interpretations.
Thomas Groskopf, CPA, CVA, MBA, is a director at Barnes Dennig and is a service line leader for the firm’s accounting and audit practice. A nationally recognized authority on accounting and auditing topics, he has been selected by his peers to serve on numerous national and international standard-setting committees. In addition, Groskopf was named one of the “Top 100 Most Influential People in Accounting" by Accounting Today, an honor recognizing his leadership of the Center for Plain English Accounting, a key program of the American Institute of Certified Public Accountants (AICPA). He is also a member of the inaugural Private Company Council, which works with the Financial Accounting Standards Board (FASB) to determine if and how U.S. GAAP should be adapted for private companies.
Kenneth Heaslip, MS, MBA, CPA, CGMA is a discussion leader and group practice leader in Professional Ethics for Loscalzo Associates Ltd. With extensive experience teaching all levels of accounting, auditing and in other practice related areas, Heaslip has served as vice president and trustee of the New Jersey Society of CPAs, secretary of their Scholarship Fund and president of the Essex Chapter. Addtionally, he is an active member of several Society committees in taxation and student programs and is past chair of the State Educators Committee.