Agenda

GENERAL SESSION

LAUNCH GENERAL SESSION
8:35 AM – 9:25 AM
KEYNOTE PRESENTATION: The Latest and Greatest in Auditing and Accounting
Assess the year’s latest accounting and auditing changes while also discussing new standards, pronouncements, emerging issues for 2024 and implementation guidance.
Michael K. Cheng – National Professional Practice Partner, Frazier & Deeter, Atlanta, GA
Credits: 1.0 AA

1:10 PM – 2:00 PM
AFTER-LUNCHEON KEYNOTE: Keeping Up with the PCC
The primary advisory body to the Financial Accounting Standards Board (FASB) for private company matters, the Private Company Council (PCC) plays a major role in addressing private company accounting on the FASB technical agenda. Gain insight on the PCC, what it is working on and how that affects you/your clients.
Jenifer Wyss – Supervising Project Manager, Coordinator, Private Company Council and FASB Not-for-Profit Advisory Committee, Financial Accounting Standards Board, Norwalk, CT
Credits: 1.0 AA

LAUNCH CHANNEL ONE

CHANNEL ONE

9:35 AM – 10:25 AM
Leveraging SOC Reports for Enhanced Cybersecurity Assurance
System and Organization Controls (SOC) reports are essential for companies to assess the ethical conduct, regulatory compliance, and cybersecurity fortitude of their service providers. Within the spectrum of SOC offerings, SOC 2 and SOC for Cybersecurity reports are particularly critical, as they scrutinizes a provider’s cybersecurity risk management protocols, offering deep insights into their ability to mitigate cyber threats and protect sensitive information. By mastering the interpretation of SOC reports, organizations can determine the robustness of a service provider’s cybersecurity measures, ensure alignment with industry standards, and enforce compliance. Leveraging this knowledge not only fortifies the vendor selection and management process but also provides a strategic edge by fostering trust and demonstrating a commitment to cybersecurity vigilance, thereby enhancing overall business resilience.
Ross Agins, CPA – Senior Associate, Third Party Attestation, BDO, Chicago, IL
Jason Lipschultz, CPA, CISA – Principal and Chicagoland Market Leader, Third Party Attestation, BDO, Chicago, IL
Anthony Ting, CISA – Managing Director, Third Party Attestation, BDO, Chicago, IL
Credits: 1.0 AA

10:35 AM – 11:25 AM
Ethics Update – A Peek at PEEC
Strong professional ethics are the foundation of the accounting profession. Explore the role of the AICPA Professional Ethics Executive Committee (PEEC) in maintaining the Code of Professional Conduct, hear about its current projects as well as resources and tools to use when implementing standards.
Toni Lee-Andrews – Director, AICPA Professional Ethics Division, AICPA, Durham, NC
Credits: 1.0 ET

11:35 AM – 12:25 PM
Trending Issues in ESG Reporting
With passage of recent laws in the European Union already impacting U.S. organizations, economic, social and governance (ESG) reporting is here and on the rise. Discuss the trending issues in ESG financial reporting, including how to get the data and what to do with it.
Theodore Christy – Audit Senior Manager, KPMG LLP, Cleveland, OH
Credits: 1.0 AA

2:10 PM – 3:00 PM
Fraud Today: Everything With a Grain of Skepticism
Every year, new fraud schemes emerge, seeking to exploit vulnerabilities in everything from occupational fraud to corruption and bribery. Analyze various fraud schemes across the nation and develop strategies to keep yourself, your clients and your business safe.
Richard Ruffing – Director, Stout, Chicago, IL
Credits: 1.0 AA

3:10 PM – 4:00 PM
Private Company Internal Controls, a Practical Guide
Successful strategies for private company success require reliable information on which to base sound decisions. Building effective internal controls is key to ensuring information is useful, timely and accurate. Develop skills for improving internal controls by examining the keys to design, implementation and monitoring.
Jack Kristan, CPA, CGMA, CIA – Partner, National Practice Leader Governance and Accounting Advisory Services, Plante Moran, Southfield
Gabrielle Wafer – Manager, Risk and Accounting Advisory, Plante Moran, Southfield
Credits: 1.0 AA

4:10 PM – 5:00 PM
High-Quality Quality Management
The AICPA Statement on Quality Management Standards No. 1 is changing the approach to quality management, placing emphasis on tailored processes and policies. Discover how the new risk assessment process uncovers vulnerabilities at the organizational level, and how to define specific policies, procedures and responses based on assessment results that are monitorable and maintainable.
Duane Reyhl, CPA, CGMA – Audit and Accounting Partner, AHP, Midland
Credits: 1.0 AA

LAUNCH CHANNEL ONE

CHANNEL TWO

9:35 AM – 10:25 AM
Prepare, Compile and Review for Incoming ARSC Effective Dates
Multiple amendments issued by the Accounting and Review Services Committee (ARSC) will take effect in 2025. Review the upcoming changes as well as other ARSC activities, proposals and exposure drafts associated with preparation, compilation and review standards.
Dr. Christopher J. Harper, CPA, MBA – Director of Education & Affiliate Instructor, Grand Valley State University Seidman College of Business, Grand Rapids
Credits: 1.0 AA

10:35 AM – 11:25 AM
Getting It Right: Accounting for Business Combinations
Accounting and auditing for business combinations can be complex, depending on a range of conditions. Explore the history of accounting for business combinations and analyze current GAAP requirements for the valuation of intangible assets, accounting for the Opening Balance Sheet, post transaction considerations and much more.
John Waybright, CPA/ABV, CMA, ASA, CGMA – Principal, Valuation and Transaction Advisory Services, Rehmann, Orlando, FL
Credits: 1.0 AA

11:35 AM – 12:25 PM
SAS 145 & You: An Ongoing Assessment
Effective Dec. 15, 2023, the AICPA Statement on Auditing Standards (SAS) No. 145 brings risk assessment processes to the forefront. Explore the road so far by reviewing the enhanced definitions SAS 145 sets forth, including those impacting assertions, relevant assertion, inherent risk and more.
Miranda Presley, CPA – Assurance Manager, Plante Moran CRESA, Kalamazoo
Credits: 1.0 AA

2:10 PM – 3:00 PM
In Focus: Assessing Cyber Risk in Audits
Determining an organization’s level of cyber risk is a growing component of overall risk management and top concerns among CEOs in the U.S. Take a guided tour of cybersecurity risk assessments, including key red flags, processes for treating risks, reporting and more.
Gregory H. Soule, CPA, CISA, CISSP, CFE – Partner, AHP, Bloomfield Hills
Credits: 1.0 AA

3:10 PM – 4:00 PM
Fraud Today: Everything With a Grain of Skepticism (Second Offering)
Every year, new fraud schemes emerge, seeking to exploit vulnerabilities in everything from occupational fraud to corruption and bribery. Analyze various fraud schemes across the nation and develop strategies to keep yourself, your clients and your business safe.
Richard Ruffing – Director, Stout, Chicago, IL
Credits: 1.0 AA

4:10 PM – 5:00 PM
Nonprofit Single Audits & the Role of CPA Board Members
As a CPA board member for a nonprofit, single audit issues that the organization faces may be brought to your attention. Review the key responsibilities board members have to the audit committee and how CPA members can help implement best practices to ensure quality results.
Andrew Walton, CPA – Senior Accountant, Yeo & Yeo, Lansing
Credits: 1.0 AA

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