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Friday, January 17, 2020 East HanoverEssex Chapter

Risk Assessment, Independence and Leases Update (E2001229)

8:30 AM - 12:10 PM EST

Registration: 8:00 AM EST

The Hanover Manor

16 Eagle Rock Avenue
East Hanover, NJ 07936

4.0 CPE Credits in AA


Gain an understanding of the New Lease Accounting standard. This is the most significant change to lease accounting in 40 years. Virtually all leases will appear on the balance sheet/statement of financial condition. Learn what you need to know.

Hear an update of risk assessment and independence and how to apply the audit risk formula to your engagements.


Earn 4 CPE credits in Accounting and Auditing.


Lease Accounting Standard
Frank Boutillette
Frank will demonstrate how this change will impact the balance sheet. Using a comparison of Current GAAP and the New Lease Accounting attendees will gain an understanding of how to apply this new standard.

Primary Objective of Risk Assessment Standards
Brad Muniz, CPA - SobelCo.
To enhance the auditors' application of the audit risk model by requiring:

  1. A more in‐depth understanding of the entity and its environment, including its internal control. Use this understanding to identify the RoMM in the financial statements and the entity's efforts to mitigate those risks.
  2. A more rigorous assessment of the RoMM on the understanding of the entity and its environment, including its internal control.
  3. Improved linkage between assessed risks and the nature, extent, and timing of audit procedures performed in response to those risks.








$14 late fee will be applied after 1/8. Season Pass holders must register for each event.

For course materials, please visit your My Events page. Handouts are added as received, remember to check back for updates.


Frank Boutillette

Frank R. Boutillette, CPA, CGMA, ABV



Frank is a partner based in Withum’s East Brunswick, NJ office and has over 35 years of accounting and auditing experience. He is a licensed certified public accountant in the states of New York and New Jersey and specializes in accounting and auditing. Frank has a great deal of experience working with investment companies (hedge funds, mutual funds and ETFs), broker-dealers, private equity and venture capital funds, registered investment advisors, real estate investment trusts and closely-held businesses. He also performs peer and quality reviews of CPA firms.

A graduate of Rutgers University, Newark, Frank received his BA degree in accounting. He is a member of the American Institute of Certified Public Accountants (AICPA) and the New Jersey Society of Certified Public Accountants (NJCPA), where he served as president of the organization. Frank is the chair of the NJCPA Peer Review Executive Committee, which administers peer reviews on behalf of the AICPA in New Jersey. He is past chair of both the NJCPA Accounting and Auditing Standards Interest Group and the NJCPA Accounting and Auditing Resource Group. Frank is a former member of the Audit Committee for the NJCPA and past treasurer of both the NJCPA and the Middlesex/Somerset Chapter of the NJCPA. He recently completed a three-year term on the AICPA Peer Review Board. The Peer Review Board is responsible for maintaining, furthering and governing the activities of the Peer Review Program, including the issuance of peer review standards and peer review guidance, while being mindful of the profession’s covenant to serve the public interest with integrity and objectivity. Frank is a frequent lecturer on accounting and auditing topics to professional and business groups. He has been quoted in several publications and is the coauthor of three books on accounting. Frank resides in Ocean County, NJ.

Brad Muniz

Brad E. Muniz, CPA

Partner in Charge of Accounting & Auditing


Brad is a member of the firm and director of accounting and auditing at SobelCo, serving small businesses and individuals in the areas of accounting, auditing, tax and business consulting. He has significant experience in financial reporting, tax compliance and planning for closely held businesses, SEC registrants, nonprofit organizations and strategic business planning, and in industries, such as real estate, construction, architectural and engineering, retail, hospitality and manufacturing. Brad is a member of the AICPA and the NJCPA, and was a former NJCPA president. In addition, Brad has served as an adjunct professor of accounting at William Paterson University and the College of Saint Elizabeth.


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