Audit - Level 2

The following courses have been hand-picked for audit professionals with one to two years of experience. The Audit - Level 2 track will help your more experienced staff maximize profits - with more independence and autonomy.

Annual Update for Accountants and Auditors

Jun 16th 8:45am - 4:30pm

Online

8.00 Credits

 Recently issued ASUs, including an update on revenue recognition, financial instruments, and leases  Current FASB exposure draft and projects  Audit and Attest engagements update  Recent PCAOB guidance  Latest activity from ARSC

Evaluating Fraud Risk in a Financial Statement Audit (Morning Session)

Jun 17th 9:00am - 12:15pm

Online

4.00 Credits

Fraud landscape in the United States Fraud risk procedures as updated by recently issued standards Most likely fraud types found in small to mid-size entities Internal controls to prevent and detect fraud What to do when fraud or suspected fraud is identified Case studies based on recent frauds

The Most Critical Challenges in Governmental Accounting Today (Afternoon Session)

Jun 17th 12:45pm - 4:30pm

Online

4.00 Credits

The implementation of GASB No. 84 Fiduciary Activities How governments can prepare for and implement GASB No. 87 Leases Additional recently issued GASB standards

Applying the New Yellow Book to a Financial Statement Audit (Afternoon Session)

Jun 18th 12:45pm - 4:30pm

Online

4.00 Credits

Critical concepts related to applying the new Yellow Book including when the standards are applicable; the types of engagements involved; and the relationship between the Yellow Book and other standards The new Yellow Book standards related to ethics; independence; professional judgment; competence and CPE; quality control; and peer review The new Yellow Book requirements related to performing and reporting on financial audits and how those requirements affect the audit in areas like internal control

Understanding and Testing Control and Compliance in a Single Audit (Morning Session)

Jun 18th 8:45am - 12:15pm

Online

4.00 Credits

The essential internal control concepts applied in a single audit How the auditor obtains an understanding of controls over compliance and then tests the effectiveness of those controls in a single audit How the auditor plans and performs tests of compliance in a single audit The identification and reporting of control and compliance findings

Not-for-Profit Organizations Conference

Jun 22nd 8:30am - Jun 23rd 12:15pm

Online

8.00 Credits

CPA Super Search: A New Research Checklist System for Google

Jun 23rd 3:00pm - 5:00pm

Online

2.00 Credits

The major topics that will be covered in this class include:CPA SuperSearch overviewPanopticalsInstitutionsSentimentAdvisoryInfluencersCredentialsFirmsAppsOutputsDomainRegulatorsOccupationsInstructor Name: Garrett Wasny, MA, CMC, CITP/FIBP

Risk-Based Audit Standards

Jun 23rd 8:45am - 4:30pm

Online

8.00 Credits

Risk assessment process and procedures  Audit planning and strategy  Internal control environment  Risk assessment audit standards  AI basics, applications and practical uses  Audit procedures to mitigate risk  Materiality and tolerable misstatement considerations  Documentation, communication and best practices  Linked and tailored audit procedures

FASB and AICPA Update

Jun 24th 8:45am - 4:30pm

Online

8.00 Credits

This program focuses on all things the accounting professional should be aware of including:  Accounting standard updates (ASUs)  FASB projects  Audit service issues  ARSC initiatives, preparation, compilation and review updates, and initiatives  AICPA activities and profession update

Going Concern Accounting and Reporting Considerations in the COVID-19 Environment (Morning Session II)

Jun 25th 10:35am - 12:15pm

Online

2.00 Credits

Current FASB accounting standards related to going concern, including the new requirements of ASU 2014-15 Evaluating risk of material misstatement in financial reports related to improper presentation and disclosure of going concern uncertainty The responsibility of an independent accountant for evaluating going concern uncertainty under various levels of engagement to perform attest and nonattest services New requirements of SAS No. 132 and SSARS No. 24 related to an auditor's responsibility for considering going concern uncertainty

Accounting for Expenses in a NFP (Morning Session)

Jun 28th 10:35am - 12:15pm

Online

2.00 Credits

Expense reporting  Natural and functional expense reporting

Disclosure - The Key to Financial Statements

Jun 28th 8:45am - 4:30pm

Online

8.00 Credits

Special emphasis is given to common disclosure deficiencies noted in practice  Recent changes in accounting guidance that impacts disclosures  Risks and uncertainties and accounting policies  Liabilities-how debt violations impact classification  Uncertain tax positions  Accounting changes, error corrections, and other categories in the income statement  Cash flow statements

Preparation, Compilation, and Review Engagements: Update and Review (Afternoon Session)

Jun 28th 12:45pm - 4:30pm

Online

4.00 Credits

Overview of preparation, compilation, and review guidance  Accounting and reporting issues  Current practice issues  Common deficiencies in peer reviews  Current and future standard setting projects

Current and Upcoming FASB Issues (Morning Session 1)

Jun 30th 8:45am - 10:25am

Online

2.00 Credits

Recently issued ASUs, including broad and narrow topics  Current FASB exposure draft and projects  Private company financial reporting  Other important accounting matters

Current Audit Environment and ASB Activity (Morning Session 2)

Jun 30th 10:35am - 12:15pm

Online

2.00 Credits

Environment and implications affecting audit planning and risk assessment  Key changes in recently issued Statements on Auditing Standards and exposure drafts  Recently issued auditing interpretations  Recently issued SSAEs and proposed changes

Surgent's Business Writing: Professional & Effective Emails

Jun 30th 10:00am - 12:00pm

Online

2.00 Credits

Preparing to write: what is my purpose and objective and who is my audience When email is the appropriate communication methodology and when it’s not Common email mistakes and how to avoid them Proven techniques for writing more efficient, readable, and outcome-focused emails Instructor Name: Margaret Uhrich

Surgent's Business Writing: Professional & Effective Emails

Jul 6th 1:00pm - 3:00pm

Online

2.00 Credits

Preparing to write: what is my purpose and objective and who is my audience When email is the appropriate communication methodology and when it’s not Common email mistakes and how to avoid them Proven techniques for writing more efficient, readable, and outcome-focused emails Instructor Name: Margaret Uhrich

CPA Super Search: A New Research Checklist System for Google

Jul 27th 11:30am - 1:30pm

Online

2.00 Credits

The major topics that will be covered in this class include:CPA SuperSearch overviewPanopticalsInstitutionsSentimentAdvisoryInfluencersCredentialsFirmsAppsOutputsDomainRegulatorsOccupationsInstructor Name: Garrett Wasny, MA, CMC, CITP/FIBP

Surgent's Business Writing: Professional & Effective Emails

Aug 4th 1:00pm - 3:00pm

Online

2.00 Credits

Preparing to write: what is my purpose and objective and who is my audience When email is the appropriate communication methodology and when it’s not Common email mistakes and how to avoid them Proven techniques for writing more efficient, readable, and outcome-focused emails Instructor Name: Margaret Uhrich

CPA Super Search: A New Research Checklist System for Google

Aug 24th 10:30am - 12:30pm

Online

2.00 Credits

The major topics that will be covered in this class include:CPA SuperSearch overviewPanopticalsInstitutionsSentimentAdvisoryInfluencersCredentialsFirmsAppsOutputsDomainRegulatorsOccupationsInstructor Name: Garrett Wasny, MA, CMC, CITP/FIBP

CPA Super Search: A New Research Checklist System for Google

Sep 27th 10:30am - 12:30pm

Online

2.00 Credits

The major topics that will be covered in this class include:CPA SuperSearch overviewPanopticalsInstitutionsSentimentAdvisoryInfluencersCredentialsFirmsAppsOutputsDomainRegulatorsOccupationsInstructor Name: Garrett Wasny, MA, CMC, CITP/FIBP

CPA Super Search: A New Research Checklist System for Google

Oct 26th 11:30am - 1:30pm

Online

2.00 Credits

The major topics that will be covered in this class include:CPA SuperSearch overviewPanopticalsInstitutionsSentimentAdvisoryInfluencersCredentialsFirmsAppsOutputsDomainRegulatorsOccupationsInstructor Name: Garrett Wasny, MA, CMC, CITP/FIBP

Semi-Senior Staff Training - Level II

Oct 28th 8:45am - Oct 29th 4:30pm

Online

24.00 Credits

Satisfy Client and CPA Firm Needs (3.5 Hours) The objective of this section is to identify ways to maintain and improve good communication with clients and partners. There is also an opportunity to critique actual practice situations involving poor communications. Apply Analytical Procedures (3.5 Hours) This session emphasizes the values and uses of analytical procedures for auditing and review services and how these tests can be used to help a client run their business better as a part of a client-services oriented approach. Participants will learn how to correctly apply the SSARS and SAS requirements to clients through several cases covering ratio analysis and analytical procedures. Conduct Small Audits (3.5 Hours) Previous learning about the financial accounting process, transaction cycles, and the nature of generally accepted accounting principles will be reinforced and applied to the audit of a small client. Understanding the client and their industry, achieving desired levels of assurance, assessing the potential risk of errors and fraud, designing the most efficient audit approach and making management suggestions on small jobs are all addressed in the case application. Perform Review Service Engagements (6 Hours) In this session participants explore both the SSARS requirements and the practical problems encountered in applying them to compilations and reviews. A major case study is used to help participants understand differences in the nature and extent of procedures necessary for completing reviews and compilations, including analytical procedures, working papers and common GAAP problems. Participants will also learn how to use review service engagement forms and check lists more effectively. Draft Financial Statements and Footnotes (4 Hours) Participants will review and recommend changes in the format, terminology and account groupings for a set of financial statements included in a major case study. Adherence to firm policies and utilization of professional judgement in adapting to varying circumstances will be emphasized in full group discussion. Using a reporting checklist, small groups of participants will also organize and outline the contents of footnotes for the case study financial statements. Participants will evaluate an accountant's report for a review service engagement using the facts contained in the case materials. They will also complete an engagement reporting exercise to become familiar with the different types of reports needed under differing circumstances. Improve Corporate Tax Knowledge (3.5 Hours) Completion of the major case in this module requires that participants identify and resolve numerous tax issues in order to determine a small business client's tax liability for the year. A tax return preparation and review checklist for C corporations is provided as an aid. Other cases in the module require that participants solve problems involving unethical tax return preparation, methods of depreciating assets and determining the appropriate form of a business organization.

Top Business Tax Planning Strategies (Morning Session)

Nov 8th 8:45am - 10:25am

Online

2.00 Credits

Taking maximum advantage of the 199A 20% deduction Whether the reduction in C corporation tax rates merits converting to a C corporation Limiting the impact of the 461(l) loss limitation rules for taxpayers other than C corporations Avoiding or limiting the limitation on the deduction of net business interest expense Minimizing the limitation of the deduction of expenses for entertainment and certain fringe benefits Taking advantage of more tax-efficient tax accounting methods

FASB and AICPA Update

Nov 16th 8:45am - 4:30pm

Rocky Hill

8.00 Credits

This program focuses on all things the accounting professional should be aware of including:  Accounting standard updates (ASUs)  FASB projects  Audit service issues  ARSC initiatives, preparation, compilation and review updates, and initiatives  AICPA activities and profession update

FASB and AICPA Update (Livestream)

Nov 16th 8:45am - 4:30pm

Online

8.00 Credits

This program focuses on all things the accounting professional should be aware of including:  Accounting standard updates (ASUs)  FASB projects  Audit service issues  ARSC initiatives, preparation, compilation and review updates, and initiatives  AICPA activities and profession update

Lease Accounting Implementation

Dec 15th 8:45am - 12:15pm

Online

4.00 Credits

Managing the risks of material misstatements  Time-saving practical expedients  Calculating present value for a lease's remaining payments  Examples of documentation that will avoid internal-control deficiencies and maximize audit efficiency

Surgent's Annual Accounting and Auditing Update

Jan 5th 9:00am - 5:00pm

Online

8.00 Credits

Recently issued FASB Accounting Standards Updates, PCC Update and items on the FASB's Technical Agenda Leases -- Topic 842 Financial accounting and reporting considerations related to Going Concern Recently issued SASs and other AICPA activity SSARS No. 21, Clarification and Recodification and other recently issued SSARS Peer review and other audit quality issues Other important A&A practice matters Instructor Name: Richard Daisley, CPA

Risk Assessment During the Recovery

Available Until Apr 30th

Online

4.00 Credits

Misconceptions leading to noncompliance with AU-C sections 315 and 330 Understanding the entity and its environment, including internal control Assessing the risks of material misstatement Performing audit procedures in response to assessed risks New risks to consider as a result of the COVID-19 pandemic