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Live Webcast

ACPEN Signature: 2018 Accounting and Auditing Update


Total Credits: 8 including 3 Accounting - Technical, 3 Auditing- Technical, 2 Regulatory Ethics - Technical

Average Rating:
   4.4
Category:
Accounting and Auditing |  ACPEN Signature |  Ethics
Faculty:
Laura A. Billingsley, CPA, MS Acc, MEd |  Jeffery D. Mechanick, CPA, M.B.A. |  J. Michael Inzina, CPA, CGFM, CGMA |  Margie Reinhart, CPA, CFF, CFE |  Samantha Weeks, CFE,
Course Levels:
Update
Duration:
8 Hours
License:
Access for 40 day(s) after program date.

Dates


Description

The Accounting and Auditing Update is designed to provide participants with a comprehensive, in-depth review of what’s happening at the FASB, AICPA, and other professional bodies who may impact accounting and auditing this year, including FASB Statements and Interpretations, Statements on Auditing Standards, Auditing Interpretations, Audit Guides, Statements of Position, exposure drafts and projects in progress, with emphasis on the practical application and impact on practitioners in small to medium sized firms and members in industry. 

In addition, our panel of experts will explore the increasingly important issue of Business Fraud, which impacts most businesses, especially smaller businesses that often lack the resources to address issues such as separation of duties. It is precisely these businesses where the CPA is the first line of defense against fraud. Learn how to assess the risk of fraud that is inherent in almost every business and take steps to combat them.

Finally, you will receive a Professional Ethics Update that will address the practical realities, as well as the regulatory requirements of the CPA professional.

Faculty Interaction! With ACPEN courses, you may send questions to the panel in advance at Pre-CourseQuestions@ACPEN.com, and remember, participants can submit questions to the panel during the course and for two days after every ACPEN course, providing unparalleled faculty access!

Basic Course Information

Learning Objectives
  • Review the latest developments at the FASB, AICPA, and other professional bodies impacting accounting and auditing

Major Subjects
  • Update of FASB Statements and Interpretations, including;

            Private Company Council Activities,

            FASB Simplification Initiative,

            Implementation Matters for Major FASB Standards,

            Select Other ASUs Recently Issued,

            Select Projects Under Re-deliberation

  • Update on Statements on Auditing Standards:

            New Standards

            Recently Issued Exposure Drafts

  • SSARS Update:

            Non-attest Services,

            SSARS No. 21, 22 and 23

            Projects and Exposure Drafts

  • Business Fraud Primer and Update
  • Professional Ethics Executive Committee (PEEC) Update

Course Materials

Faculty

Laura A. Billingsley, CPA, MS Acc, MEd's Profile

Laura A. Billingsley, CPA, MS Acc, MEd Related seminars and products


Laura A. Billingsley, CPA, MS Acc, MEd, is an executive editor of PPC products for the Tax & Accounting business of Thomson Reuters in Carrollton, Texas, where she is responsible for the technical content and annual update of several PPC products. She is a coauthor of PPC’s Guide to SSARS Preparation EngagementsPPC’s Guide to PCAOB AuditsPPC’s Guide to Religious OrganizationsPPC’s Practice Aids for Audits of Oil and Gas Entities, and PPC’s Guide to Fraud Risk Assessments; and a contributing author to PPC’s Guide to Compilation and Review Engagements, PPC’s Guide to Managing an Accounting PracticePPC’s Guide to Write-up ServicesPPC’s Guide to GAAS, PPC’s Guide to Audits of Financial Institutions, PPC’s Guide to Dealerships, and The PPC Accounting and Auditing Update newsletter. She has been an observer at the AICPA Accounting and Review Services Committee meetings for more than 20 years. Before joining Thomson Reuters, she was a senior audit manager at PricewaterhouseCoopers LLP, where she managed attest, business assurance, and consulting engagements for both small business and public company clients. Ms. Billingsley is a member of the American Institute of Certified Public Accountants. 


Jeffery D. Mechanick, CPA, M.B.A.'s Profile

Jeffery D. Mechanick, CPA, M.B.A. Related seminars and products


Jeff Mechanick is Assistant Director for Nonpublic Entities at the FASB.  In that role, he provides strategic and technical oversight of all activities involving not-for-profit (NFP) organizations and private companies, chairs the FASB’s Not-for-Profit Advisory Committee, oversees support of the Private Company Council, and participates in some of the FASB’s broader outreach activities. He is also a member of the Technical Advisory Group of the International Financial Reporting for Nonprofit Organizations initiative (#IFR4NPO).

Jeff has also been the overall lead staff member for the Blue-Ribbon Panel on Standard Setting for Private Companies and the FASB/IASB Financial Crisis Advisory Group. 


Prior to joining the FASB staff in 2006, Jeff spent 20 years working in and with the not-for-profit sector, as the CFO of Planned Parenthood Federation of America, Inc., and before that, as a Senior Manager with KPMG, LLP, in the firm’s New York office.  From 1992 to 1994, he served as the National Technical Senior Manager for the firm’s Higher Education, Research, and Other Not-for-Profit Organizations (HERON) practice.  He is also a past member of the AICPA’s NFP Expert Panel.  Jeff received his MBA from Rutgers University and his AB from the University of Chicago, and he is a member of the AICPA and the New York State Society of CPAs.  He is also an adjunct instructor in Columbia University’s MS program in Nonprofit Management.


J. Michael Inzina, CPA, CGFM, CGMA Related seminars and products


J. Michael Inzina, CPA, CGFM, CGMA is president and CEO of Audit Litigation Training and Efficiency Consulting, Inc. (ALTEC), a consulting company serving the accounting and auditing community in audit efficiency, training, ethics and litigation support.  In 2020 he retired from public practice after forty-four years, concentrated in governments, financial institutions, public utilities and nonprofit organizations.  Mike holds a BBA in accounting from the University of Louisiana (Monroe), where he graduated summa cum laude in May 1976.  He is a member of the American Institute of CPAs, the Society of Louisiana CPAs, the Association of Government Accountants and the GFOA, and earned the CEA in governmental in 1990.  He was awarded the Certified Government Financial Manager (CGFM) designation in 1996, and the Certified Global Management Accountant (CGMA) designation in 2012.  Mike is a past chapter president and member of the Society of Louisiana CPAs Board of Directors and served two terms as chairman of the Governmental Positive Enforcement Program of the Louisiana State Board of CPAs.  He has served on numerous committees of the Society of Louisiana CPAs, and presently is a member and past chairman of its Ethics committee.                  

Mike has twice served as a member of the AICPA Professional Ethics Executive Committee (1986-1989, and 2000-2003), and served as a member of the AICPA Auditing Standards Board from 1997 to 2000. From 1986 to 1993, he served as a member of AICPA Independence and Behavioral Standards Subcommittee, and was Subgroup Chairman of the Governmental Technical Standards Committee.  During this time he conducted numerous investigations of complaints filed by federal, state and local agencies alleging substandard performance of audits of governmental and nonprofit entities, and represented the Professional Ethics Division at hearings of the Joint Regional Trial Board.

He contributed to the GASB Statement 34 Implementation Guide, AICPA Statement of Position 98-3, the industry audit and accounting guide Audits of State and Local Governmental Units, the AICPA Practice Aid to SAS 99 (fraud) and assisted in revisions to the Louisiana Governmental Audit Guide and in drafting state legislation affecting governmental accounting and auditing requirements. He has served as technical consultant and instructor for the Louisiana Division of Administration (Office of Community Development), and as consultant to the Louisiana Department of Education.  Mike frequently appears as moderator and panelist on the Accountants CPE Network.                             

He has been named thirteen times as an Outstanding Discussion Leader by the American Institute of CPAs and the Louisiana, South Carolina and West Virginia state societies.  He received a Special Recognition Award from the Society of Louisiana CPAs Board of Directors for his contributions to continuing education in 1994, and was awarded the 2001 National Education and Training Award from the Association of Government Accountants.  In 2009, Mike was named national Beta Alpha Psi Business Information Professional of the Year. In 2016, he received the Distinguished Service Award from the Society of Louisiana CPAs.


Margie Reinhart, CPA, CFF, CFE's Profile

Margie Reinhart, CPA, CFF, CFE Related seminars and products

Director

The Kenrich Group, LLC


Margie Reinhart, CPA, CFF, CFE has devoted her career to be highly skilled in the multi-facets of forensic accounting, forensic data analytics, expert witness consulting, white collar investigations and fraud consulting. She has 12 years Big 4 experience and 10 years within a commercial setting. Possesses demonstrable success in analyzing and interpreting business performance data and producing insights for C-level leadership that ‘cuts to the heart’ of where business performance can be improved.  Ms. Reinhart works closely with corporate executives, government agencies and law firms to serve as an expert in forensic accounting matters, fraud investigations, data analytics, interviews and interrogations, financial disputes, risk management, internal audit special projects, and litigation consulting. She has practiced both in the United States and Canada.


Samantha Weeks, CFE, Related seminars and products

Business Risk Analyst

Southwest Airlines, Dallas, TX


Additional Info

Basic Course Information

Prerequisites

Minimum to intermediate level of auditing experience


Advanced Preparation None
Course Developer Business Professionals' Network, Inc.
Yellow Book Yes
Original Recording Date 10/17/2018
Date Added to Catalog 02/02/2017
Designed For

Partners and managers responsible for planning and supervision of engagements, audit staff members who need to understand the changes which have occurred to enable them to conduct engagements, and persons in industry responsible for accounting, financial statement preparation, and internal audits


Additional Information

Instructional Delivery Method Group Internet Based
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Course Registration Requirements

Online Registration


Reviews

5
4
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2
1

Overall:      4.4

Total Reviews: 467

Comments

Juan Martinez J - Whitehouse, Texas

"Overall, it was great!"

Ashleigh Bell A

" "

William Townsend W

"Good course. "

Hamza Memon H

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Martin Clarke M - RICHARDSON, Texas

"Very good and relevant presentation."

Steven Lazar S

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Fala Van Marter F

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Steven Shimotsu S

"Quite informative."

Reiff-Martin Alison Thais R

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Martha Tucker M

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