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Live Webcast Replay

ACPEN Signature: 2022 Special Purpose Frameworks: The Artist Formerly Known as “OCBOA”

Total Credits: 8 including 5 Accounting - Technical, 3 Auditing- Technical

Average Rating:
ACPEN Signature |  Accounting and Auditing
Laura A. Billingsley, CPA, MS Acc, MEd |  Kurt G. Oestriecher, CPA |  James A. Smith, CPA, CGMA |  Michael L. Brand, CPA, CGMA
Course Levels:
8 Hours



This course is designed to assist accountants who prepare special purpose framework financial statements and/or perform SSARS or audit engagements on those special purpose framework financial statements. Our panelists will provide an in-depth explanation of the different types of special purpose frameworks, how to decide when to use a special purpose framework, the primary issues in preparing special purpose framework financial statements, and they will discuss engagement and reporting considerations.

Basic Course Information

Learning Objectives
  • Understand the different types of special purpose frameworks.
  • Learn how to decide when to use a special purpose framework.  
  • Understand the primary issues when preparing special purpose framework financial statements.
  • Understand SSARS engagement and audit engagement considerations that are specific to special purpose frameworks and different from GAAP.


Major Subjects
  • Cash Basis 
  • Tax Basis
  • Regulatory Basis, Contractual Basis, and the AICPA’s Financial Reporting Framework for Small and Medium-Sized Entities

Course Materials


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. 

Kurt G. Oestriecher, CPA's Profile

Kurt G. Oestriecher, CPA Related Seminars and Products

Kurt G. Oestriecher, CPA is a partner with Oestriecher & Company, CPA’s of Alexandria, Louisiana and has been with the firm since graduating cum laude from the University of Louisiana - Monroe in 1986 with a BBA in Accounting. He is partner in charge of accounting and auditing services and is also involved in litigation support and small business consulting engagements. He is a member of the American Institute of Certified Public Accountants (AICPA) and the Society of Louisiana Certified Public Accountants (LCPA), and he served as President of the LCPA in 2002–2003. He has chaired the Louisiana Accounting and Auditing Conference Committee, Strategic Planning Committee, Budget Committee, and Nominating Committee. Kurt was the recipient of the 1998, 2006, 2010, and 2018 Outstanding Discussion Leader Award from the LCPA, and was named the Outstanding Discussion Leader for the AICPA for eleven consecutive years from 2007 - 2018.  He has authored and co-authored many
educational courses on accounting and auditing topics, including the AICPA “Annual Update for Accountants and Auditors”, and “Auditor Communications – Critical New Requirements”. Kurt served a four-year term on the Accounting and Review Services Committee of the AICPA from 2000-2004, and the AICPA Joint Trial Board from 2006- 201. He was a member of Council of the AICPA and was an Adjunct Instructor of Accounting at LSU-Alexandria and Northwestern State University.

James A. Smith, CPA, CGMA's Profile

James A. Smith, CPA, CGMA Related Seminars and Products

Managing Director

Smith, Jackson, Boyer & Bovard, PLLC

James A. Smith, CPA, CGMA, serves as Managing Director of Smith, Jackson, Boyer & Bovard, PLLC, a Dallas Certified Public Accounting firm. He practices extensively in tax compliance, planning and controversy representation for individuals and entrepreneurial businesses. He also is engaged in the preparation, compilation and review of financial statements; exit strategy planning for entrepreneurs; merger and acquisition planning and transactions; and forensic accounting and litigation services.  Mr. Smith served as Chair of the Texas Society of CPAs (TSCPA) for the 2007-2008 year, and as a member of its Professional Standards and Federal Tax Policy Committees since their inception. He served as a member of the AICPA Council 2007 through 2011 and from 2012 through 2015. He also served as an appointed member of two of the AICPA’s key standard setting committees: the Accounting and Review Services Committee from 2008 through 2011 and the Tax Practice Responsibilities Committee, 2014 to 2017.

Michael L. Brand, CPA, CGMA Related Seminars and Products

Johnson, Feigley, Newton & Brand, LLP, Athens, AL

Michael L. Brand is a partner in the firm of Johnson, Feigley, Newton & Brand in Athens, Alabama. For the past 23 years, he has been involved in all aspects of public accounting with in emphasis in accounting, auditing, and review services. He also teaches continuing education classes and has been a speaker at several conferences nationwide. He is the current chair of the Alabama Society of Certified Public Accountants Peer Review Committee and the Accounting and Review Services Committee.

Brand’s experience involves audits, reviews, and compilations of various for-profit industries, not-for-profits, and governmental entities. He was formally on the Peer Review Board, Joint Trial Board, and the Quality Control Standards Task Force. In 2010 and 2011 he received the Outstanding Discussion Leader Award.

Brand received his BS in accounting from the University of North Alabama.

Additional Info

Basic Course Information



Advanced Preparation


Designed For CPAs in Public Practice and Industry
Original Recording Date 11/02/2022
Yellow Book


Course Developer

Business Professionals' Network (ACPEN)

Date Added to Catalog 02/09/2022

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.

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:

Instructional Delivery Method

Group Internet Based

Refund/Cancellation Policy

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

Course Registration Requirements

Online Registration



Overall:      4.8

Total Reviews: 26


Terry M - Deltona, Florida

" "

Joe G

"Great course. Thanks. "

Browning H - DALLAS, Texas

"What a great class! "

Lisa D - Somerset, Kentucky

"Good panel of presenters with good discussions between each of them. This format makes the subject matter more informative."