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Tuesday, November 14, 2017 Live

Accounting & Auditing Conference (E1711640)

8:30 AM - 4:40 PM EDT

Registration: 8:00 AM EDT

Pines Manor

2085 State Highway 27
Edison , NJ 08817

8 CPE Credits in AA

OVERVIEW

Pick up tips for increased efficiency, and hear about the most pressing issues in A&A and compilations and reviews from leading industry experts.

DESIGNED FOR

Whether you are a CPA in public practice or private accounting, this conference is a must to keep you one step ahead in a constantly changing business environment.

HIGHLIGHTS

Agenda

8:00-8:30am
Registration and Continental Breakfast


8:30-10:10am
General Session: Updates in Accounting and Auditing – Part 1

Kenneth A. Heaslip, CPA, CGMA
Stay on top of the changes you need to know to be effective. Learn how to apply the provisions of recently issued accounting, auditing, compilation and review pronouncements. Major subjects include relevant accounting standards, updates to the FASB codification, audit services issues, and compilation and review issues.

10:10-10:25am
Refreshment Break


10:25am-12:05pm
General Session: Updates in Accounting and Auditing – Part 2

Kenneth A. Heaslip, CPA, CGMA

12:05-1:00pm
Networking and Lunch


1:00-2:40pm
Concurrent Sessions (Please choose one)
1A. Fraud from Within (Internal Fraud)
Kenneth A. Heaslip, CPA, CGMA
This session will cover various fraud strategies that are perpetuated by management and other employees of business and not-for-profit entities. It includes and extensive list of frauds including, billing/invoicing schemes, shell companies, phony invoices, unauthorized purchases, collusion, confidential information, inventory, check fraud, and expense accounts. The program includes real cases and a discussion of red flags.

1B. Benefit Plan (DOL) Update
Rebecca M. Lee, CPA
This session will address the Department of Labor’s recent review of benefit plan audits and the need for taxpayers to be more diligent in preparing their financial statements. The focus of the program will be the latest guidance from the DOL and the AICPA.

1C. Revenue Recognition Update
Stacey Painter, CPA

The issuance of ASU 2014-09 requires companies to evaluate their revenue recognition practices in order to properly implement the standard. As the public company 2018 implementation date is approaching, the AICPA is issuing guidance on the topic. This session will discuss some of the recent guidance including some pertaining to various industries.

2:40-3:00pm
Refreshment Break


3:00-4:40pm
Concurrent Sessions (Please choose one)
2A. Attestation Standards Including Comfort Letters

Kenneth A. Heaslip, CPA, CGMA
This session will discuss the strategies CPAs should use when asked to provide information to third parties on behalf of their clients. It will summarize the requirements under the attestation standards as well as how to structure comfort and other letters in order to minimize exposure while accommodating the third parties.

2B. SSARS Update
Rebecca M. Lee, CPA
SSARS 21 has radically changed how SSARS engagements are conducted. In addition to compilation and review services, practitioners can now offer preparation services that allow them to offer financial statement services in streamlined and more flexible procedures. This program addresses these issues. In 2016 SSARS 22 and 23 offered clarifications, completed the clarity project, and expanded guidance on prospective financial statements. This session will offer an update on SSARS 21 as well as discussing SSARS 22 and 23.

2C. Related Party Issues
Stacey Painter, CPA
Related party transactions are often the most difficult for accountants and auditors to manage due to these transactions not being separately identified when transaction activity takes place. Related party transactions are often used to commit fraud and more often are simply hidden by management because they do not want third parties to be aware of these transactions. This program will identify the accounting and disclosure guidance associated with related party transactions (ASC 850), address form over substance-related party transactions, provide examples of related party frauds, and describe best practices for identifying undisclosed related party transactions. Related party disclosures will also be addressed.

COURSE LEVEL

Intermediate

Help Feed Those in Need

  • The NJCPA Emerging Leaders Council is hosting a Food Drive to benefit the Community FoodBank of New Jersey. Please bring your nonperishable items and canned goods to this event. Peanut butter and tuna fish are always needed.

INSTRUCTORS

Kenneth Heaslip

Kenneth A. Heaslip, CPA, CGMA, M.B.A.

Director

Cullari Carrico LLC

Kenn is a director at Cullari Carrico LLC, a regional CPA firm in Northern New Jersey. He also has extensive experience teaching all levels of accounting, auditing and other practice-related areas. Kenn has been a Professor of Accounting at several universities including Seton Hall, where he was the students’ choice as “Educator of the Year” two years in a row, as well as in the Executive Masters of Business Administration program at Rutgers University. In addition, he was the National Director of the Becker CPA Review. Kenn is an active member of the NJCPA, where he has served in positions, such as Vice President, Trustee Chapter President, Committee Chair and Task Force Chair. Kenn currently serves on the NJCPA Professional Conduct Committee, the Federal and State Taxation interest groups, Governmental Accounting & Auditing Interest Groups and the Nonprofit Interest Group.

Rebecca Lee

Rebecca M. Lee, CPA, CGMA

Kaplan Financial Education, Powered by Loscalzo

Rebecca M. Lee, CPA, CGMA Rebecca Lee, licensed as a CPA in Alabama and South Carolina, is a founding Principal with Brooke, Freeman & Lee. She served in areas of the assurance, quality control, and compliance responsibilities for the audit practice. She has served on numerous AICPA and state society committees, including the AICPA Management Consulting Service Professional Practice Subcommittee, Small Business Consulting Practices Subcommittee, and Council of the AICPA. She has chaired both the Management Advisory Committee and the Personal Financial Planning Committee of the Alabama Society of CPAs. Rebecca currently serves on the Illinois Society of CPAs Peer Review Committee, which serves multiple state societies of CPAs. Rebecca has served as professor of management accounting in the graduate studies (Master in Public and Private Management) program at Birmingham-Southern College. Rebecca holds a BS degree in accounting from Jacksonville State University, along with a master’s degree in Accounting from Birmingham Southern College. She is a member of the Alabama Society of CPAs, the South Carolina Association of CPAs, and the AICPA.

Stacey Painter

Stacey Painter, CPA

CFO/COO

North American Filtration Inc.

Stacey Painter, CPA, licensed as a CPA in Wisconsin, is the Director of Loscalzo Associates Ltd., a division of SmartPros Ltd., a Kaplan company. Stacey has been providing technical training to audiences across the country on subjects ranging from International Financial Reporting Standards (IFRS) and related FASB/IASB joint projects, to Audit and Attest Standards. Stacey has over 20 years of experience in both the public and private industry. Before joining Loscalzo Associates, Stacey spent 13 years with Resources Global Professionals, most recently as the Managing Director of Accounting and Finance Services. In this capacity, Stacey worked with the firm’s U.S. offices in developing go-to-market strategies around accounting initiatives, as well as providing technical training on site to firm clients. Prior to joining Resources, Stacey was the Corporate Controller of Square Two Golf, a publicly-traded manufacturer of golf equipment. Here, she was responsible for all aspects of accounting, financial reporting (SEC), planning and budgeting, Human Resources, and Internal Control. At the start of her career, Stacey spent six years at Deloitte & Touche, auditing clients ranging from $10 million to over $1 billion in revenue. Stacey received her bachelor’s degree in accounting from Pace University in New York. She is a member of the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

PRICING

E-Materials: Save $20 and download your own materials.

    $239.00 - Member

    $339.00 - Nonmember

Manual: You will receive a printed manual.

    $259.00 - Member

    $359.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

Loscalzo Institute