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Accounting, Auditing, and Financial Reporting Conference (VIRTUAL)

Thursday, June 20
 8:20am - 4:30pm

(Check-In 8:15am)

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8.00 Credits

Member Price $274.00

Price will increase by $35 after 6/4

Non-Member Price $399.00

Price will increase by $35 after 6/4

Overview

*IMPORTANT:  This is the VIRTUAL option for the Accounting, Auditing & Financial Reporting Conference

While we are planning for all speakers to attend in person, due to the uncertainty of today’s environment and varying company policies, some speakers may need to appear via livestream if circumstances necessitate it.

This CTCPA conference discusses the most relevant issues facing the accounting profession today.

Designed For

CPAs in public practice and industry

Notice

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy.

Thursday, June 20

General Session

8:30am - 9:45am Lessons Learned on Leases & Implementation Issues

Michael Cheng, Nat'l Professional Practice Partner, Frazier & Deeter

Michael Cheng

Mike Cheng joined Frazier & Deeter in 2019 as the Partner who oversees the firm’s professional practices related to accounting and audit. As part of this role, he specializes in assisting clients with complex accounting and financial reporting issues.

Prior to joining the firm, Mike was a Senior Project Manager at the Financial Accounting Standards Board (FASB). At the FASB, he served as the Private Company Council (PCC) coordinator, where he was responsible for all PCC related matters. In addition, Mike led projects to simplify the accounting for non-employee share-based payments, help shape the future of the FASB technical agenda and improve consolidations guidance (VIE guidance). Most recently, he worked on the FASB’s implementation team on revenue recognition (ASC Topic 606) and lease accounting (ASC Topic 842).

Prior to joining the FASB, Mike held various management positions with PricewaterhouseCoopers. He was an Audit Senior Manager, Private Company Services, in the firm’s Stamford, CT office. From 2003-2011, he also held roles of increasing responsibility in PwC’s Core Assurance divisions in Buffalo and Rochester, NY.

Presented by: Mike Cheng - Partner at Frazier & Deeter

Join Mike Cheng for a plain English discussion on the lessons learned from implementing ASC 842 (Leases) as a Lessee. Discover the common pitfalls when it comes to lease accounting and gain valuable insights on how to navigate the challenges of ASC 842. This session will provide practical advice and real-world examples to help you understand lease accounting.

This session is available to registrants only.

General Session

9:55am - 11:10am FASB Update

Adriana Yepes, Supervising Project Manager, FASB

Adriana Yepes

Adriana Yepes is a supervising project manager at the Financial Accounting Standards Board (FASB). Adriana has led projects addressing the accounting for business combinations, the equity method, the derecognition of nonfinancial assets, and contingent put and call options in debt instruments.

Before joining the FASB in 2014, Adriana was a director in PwC’s Transaction Services practice, which advises clients on mergers, acquisitions, divestitures, alliances and other corporate finance transactions. She specialized in assisting clients with complex financial reporting issues and transactions focusing on areas including consolidations, business combinations, joint ventures and lease accounting.

Before joining PwC, Adriana spent three years as a Vice-President in the Accounting Policy Group of an investment bank and prior to that in the audit practice of another Big 4 CPA firm, serving medium to large public clients in the technology, energy and health care industries.

Adriana received a bachelor’s degree from Florida International University and master’s degree from the University of Miami. She is a Certified Public Accountant in Florida.

Presented by: Adriana Yepes - Supervising Project Manager, FASB

This session will help you understand recent ASUs issued by the FASB, what proposed standards are forthcoming and other issues on the FASB’s technical agenda.  It will also provide an update on recent private company standard-setting activities. The major topics that will be covered in this session include:
•  accounting for joint venture formations, 
•  accounting for and disclosure of crypto assets, 
•  improvements to income tax disclosures.

This session is available to registrants only.

General Session

11:20am - 12:10pm The AICPAs New Quality Management Standards – Key Changes and Implementation Challenges

Allison Henry, VP-Professional & Technical Standards, Pennsylvania Institute of CPAs

Allison Henry

Allison, who has been with the Pennsylvania Institute of Certified Public Accountants (PICPA) since 2003, works to elevate CPA practice quality through advocacy, outreach, and education. She currently administers PICPA’s Joint Ethics Enforcement Program with the American Institute of Certified Public Accountants (AICPA), oversees the administration of the AICPA’s Peer Review Program for Delaware, New York, Pennsylvania, and U.S. Virgin Island firms, monitors emerging global trends in the accounting profession, and serves as the PICPA technical liaison for several statewide committees and working groups that reach out to regulatory agencies in Pennsylvania on behalf of the profession. She frequently shares her expertise by speaking at PICPA events, hosting webinars on key topics, teaching ethics training, writing for the CPA Now blog, writing articles for the Pennsylvania CPA Journal, and fielding technical inquiries.

Before joining the PICPA, Allison spent several years as a senior manager with a regional accounting firm and nine years at Deloitte & Touche LLP, where she worked in the assurance and advisory services group. Allison’s diverse client service experience has included many not-for-profit, health care, and world relief organizations, as well as small and large manufacturing, distribution, and service-oriented entities. She has also served as the designated employee benefits specialist.

Allison is a graduate of Washington University in St. Louis, Mo., and holds an accounting equivalency from the University of Arkansas in Little Rock. She spent four years in internal accounting positions, including the Department of Defense, while her husband served on active duty with the U.S. Army.

Allison recently obtained AICPA’s Blockchain Fundamentals for Accounting and Finance Professionals Certificate.

Allison is a member of the PICPA and AICPA. She volunteers for various local ministries and is a member of River of Live Church. She is a native of St. Louis, Mo. and is an avid runner.

Presented by: Allison M. Henry, CPA - Vice President – Professional & Technical Standards, Pennsylvania Institute of CPAs

Provides an overview of the new AICPA Quality Management Standards, highlights the key changes, presents resources, and discusses implementation challenges and issues to address. Consider the timeline for implementation and the impact on peer review.

This session is available to registrants only.

Breakout Session

12:45pm - 1:35pm Audit Quality Best Practices

Allison Henry, VP-Professional & Technical Standards, Pennsylvania Institute of CPAs

Allison Henry

Allison, who has been with the Pennsylvania Institute of Certified Public Accountants (PICPA) since 2003, works to elevate CPA practice quality through advocacy, outreach, and education. She currently administers PICPA’s Joint Ethics Enforcement Program with the American Institute of Certified Public Accountants (AICPA), oversees the administration of the AICPA’s Peer Review Program for Delaware, New York, Pennsylvania, and U.S. Virgin Island firms, monitors emerging global trends in the accounting profession, and serves as the PICPA technical liaison for several statewide committees and working groups that reach out to regulatory agencies in Pennsylvania on behalf of the profession. She frequently shares her expertise by speaking at PICPA events, hosting webinars on key topics, teaching ethics training, writing for the CPA Now blog, writing articles for the Pennsylvania CPA Journal, and fielding technical inquiries.

Before joining the PICPA, Allison spent several years as a senior manager with a regional accounting firm and nine years at Deloitte & Touche LLP, where she worked in the assurance and advisory services group. Allison’s diverse client service experience has included many not-for-profit, health care, and world relief organizations, as well as small and large manufacturing, distribution, and service-oriented entities. She has also served as the designated employee benefits specialist.

Allison is a graduate of Washington University in St. Louis, Mo., and holds an accounting equivalency from the University of Arkansas in Little Rock. She spent four years in internal accounting positions, including the Department of Defense, while her husband served on active duty with the U.S. Army.

Allison recently obtained AICPA’s Blockchain Fundamentals for Accounting and Finance Professionals Certificate.

Allison is a member of the PICPA and AICPA. She volunteers for various local ministries and is a member of River of Live Church. She is a native of St. Louis, Mo. and is an avid runner.

Presented by: Allison M. Henry, CPA - Vice President – Professional & Technical Standards, Pennsylvania Institute of CPAs

Highlights common audit deficiencies and best practices including a deep dive into audit risk assessment and the new requirements under SAS 145.

This session is available to registrants only.

12:45pm - 1:35pm Tax Basis and Other Special Purpose Frameworks

Kenneth Heaslip, Managing Member, Kenn Heaslip Seminars, LLC

Kenneth Heaslip

Kenn is a top-rated instructor who has been leading dynamic, interactive and informative accounting programs for over 20 years.

He has extensive experience teaching all levels of accounting, auditing, ethics, fraud, SSARS, and other practice-related subjects, and has presented to groups at all levels, from students to seasoned professionals.

Kenn’s presentations focus on practical applications and include discussions among participants, examples, and case studies.

He consistently receives high ratings and evaluations in his presentations.

Presented by: Kenneth Heaslip, MS, MBA, CPA, CGMA - Managing Member/Group Discussion Leader at Kenn Heaslip Seminars, LLC

Session details coming soon

This session is available to registrants only.

General Session

1:45pm - 3:15pm The Latest on Compilation, Review and Preparation Engagements

Kenneth Heaslip, Managing Member, Kenn Heaslip Seminars, LLC

Kenneth Heaslip

Kenn is a top-rated instructor who has been leading dynamic, interactive and informative accounting programs for over 20 years.

He has extensive experience teaching all levels of accounting, auditing, ethics, fraud, SSARS, and other practice-related subjects, and has presented to groups at all levels, from students to seasoned professionals.

Kenn’s presentations focus on practical applications and include discussions among participants, examples, and case studies.

He consistently receives high ratings and evaluations in his presentations.

Presented by: Kenneth Heaslip, MS, MBA, CPA, CGMA - Managing Member/Group Discussion Leader at Kenn Heaslip Seminars, LLC

Session details coming soon

This session is available to registrants only.

General Session

3:30pm - 4:30pm Navigating CECL in GAAP Financial Reporting, Including Closely-Held Businesses

Kenneth Heaslip, Managing Member, Kenn Heaslip Seminars, LLC

Kenneth Heaslip

Kenn is a top-rated instructor who has been leading dynamic, interactive and informative accounting programs for over 20 years.

He has extensive experience teaching all levels of accounting, auditing, ethics, fraud, SSARS, and other practice-related subjects, and has presented to groups at all levels, from students to seasoned professionals.

Kenn’s presentations focus on practical applications and include discussions among participants, examples, and case studies.

He consistently receives high ratings and evaluations in his presentations.

Presented by: Kenneth Heaslip, MS, MBA, CPA, CGMA - Managing Member/Group Discussion Leader at Kenn Heaslip Seminars, LLC

Session details coming soon

This session is available to registrants only.

Non-Member Price $399.00

Member Price $274.00