Friday, June 8, 2018 – Friday, June 8, 2018 | 8:00am – 4:30pm

Accounting & Auditing Conference

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

Agenda

7:30 – 8:00 a.m. 

Registration and Breakfast

 

8:00 – 8:10 a.m.

Welcome and Opening Remarks

 

8:10 – 9:30 a.m.

Update on Standards for Audit, Attestation, and SSARSs Engagements

 Michael Glynn, CPA, CGMA, AICPA

 This session will be an interactive discussion with a senior manager from the AICPA’s Audit and Attest Standards Team regarding recently issued standards for audits (SASs), attestation engagements (SSAEs), and preparation, compilation and review engagements (SSARSs) as well as the Auditing Standards Board’s and the Accounting and Review Services Committee’s active agendas. During this session, we will discuss the status of the ASB’s projects to:

  • Revise and expand the auditor’s report;
  • Focus auditor attention on financial statement disclosures earlier in the audit process;
  • Revise the attestation standards to enable a practitioner to perform an examination, review or agreed-upon procedures engagement without having to request a written assertion from the responsible party; and
  • More!

9:30 – 10:45 a.m.

FASB Update

 Elizabeth Gagnon, FASB

 The FASB staff will provide an update on FASB projects and activities including, among other topics, accounting for the Tax Cuts and Jobs Act,  the Private Company Council, and the Board’s Disclosure Framework Review Project.

10:45 – 11:00 a.m.

Networking Break

 

11:00 a.m. – 12:15p.m.

Revenue Recognition

Kenneth Heaslip, MS, MBA, CPA, CGMA, Loscalzo Institute

The long-awaited revenue recognition standard must be implemented by all entities in the upcoming year. This session will cover the latest guidance being offered by the FASB and AICPA, and will include releases by the AICPA and FASB resource group, as well as guidance related to disclosures. Furthermore, the guidance will include general as well as industry-specific issues in the accounting, presentation and auditing of revenue recognition under the new standard

 

12:15 – 1:00 p.m.

Lunch

 

1:00 – 2:00 p.m.

Technology in Audit

Michael Hammond, O’Connor and Drew

 Cutting through the vast amount of big data to find the “bad” requires advanced tools and techniques and using the right tools can make all the difference and drastically speed up the process. In this session, we will show you how data analytics tools that support evidence examination can give you a real competitive edge. Not only does it reduce work time, but it also provides you with more valuable data, and detects anomalies or patterns you may have missed. Data analytics tools move beyond the normal spreadsheet – and so should you.

2:00 – 2:15 p.m.

Networking Break

 

2:15 – 3:15 p.m.

Understanding Audit Documentation Requirements in your Workpapers

Kenneth Heaslip, MS, MBA, CPA, CGMA, Loscalzo Institute

 We’ll discuss topics related to the importance of compliance quality control standards in documenting an audit engagement, including the requirements of Quality Control Standard No. 8 and the audit standards. Sample size determination, inquiries, professional judgement, significant matters and other audit procedures will also be discussed along with common deficiencies found in peer reviews

3:15 – 4:30 p.m.

Lease Accounting

Kenneth Heaslip, MS, MBA, CPA, CGMA, Loscalzo Institute

 ASU 2016-02 on leases continues to be one of the most discussed and controversial of the recent standards changes. This session will include a discussion of the standard and how to prepare for its implementation. We’ll also review companies that addressed the implementation early, the difficulties in identifying leases, challenges in gathering the necessary data to record the initial measurement, the consequences of the new balance sheet and income statement presentation and how companies are approaching the impending implementation.

This conference qualifies for the Workforce Training Express Fund program. The course code for this program is 1112643
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
$319.00
MSCPA Member
$319.00
AICPA Member
$399.00
Non-Member
$399.00

Conference Cost

You pay
$399.00
MSCPA Members save $80.00 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.