Professional Development and Event Catalog

Please note: The CPE deadline has been extended to July 31, 2021.

In light of the tax deadline extension, the Connecticut State Board of Accountancy voted unanimously on May 11 to extend the CPE deadline by one month to July 31, 2021. 

Showing 122 Seminars and Conferences Results

K2's QuickBooks for Accountants

Tuesday, August 10th 9:30am - 5:00pm

Online

8.00 Credits

K2's Testing and Auditing Excel Workbooks (Afternoon Session)

Wednesday, August 11th 2:00pm - 5:30pm

Online

4.00 Credits

K2's Top PDF Features You Should Know (Morning Session)

Wednesday, August 11th 9:30am - 1:00pm

Online

4.00 Credits

Accountant's Liability (Morning Session)

Thursday, October 21st 8:30am - 12:30pm

Rocky Hill

4.00 Credits

Semi-Senior Staff Training - Level II

Thursday, October 28th 8:45am - Friday, October 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.

Basic Staff Training - Level I

Monday, November 1st 8:45am - Tuesday, November 2nd 4:30pm

Online

24.00 Credits

Role of New Staff (2.5 Hours) By identifying the factors accounting for the growth of local and regional firms in the past decade, participants become aware of the changing nature of the profession. After recognizing that "taking the total service approach" is the key to growth, participants identify the ways in which new staff can contribute to the success of both themselves and their firm. Understanding Audit Objectives (1 Hour) Through guided discussion, participants identify the major steps in the audit process and the alternatives that are available throughout the process. Audit objectives are identified and discussed. The nature of and the circumstances under which tests of transactions and tests of balances are performed are discussed. Working Paper Techniques / Cash (3.5 Hours) In a session scheduled on the first day of the program, participants critique a set of working papers in an area that they are familiar with-cash. Participants first identify the most common deficiencies found in the working papers of new staff. Then through guided discussion and exposure to electronically generated working papers, participants learn the most practical means of overcoming these deficiencies. In the process participants become aware of the characteristics and benefits of using electronic working papers. Techniques developed in this session are reinforced throughout the course. Analytical Procedures (4 Hours) Guided discussion is used to introduce participants to the purposes served and the fundamental techniques employed in performing analytical procedures. Participants are assigned a case study in which they utilize these techniques to first identify and then follow up on accounts where special problems may exist. Compilation and Review Services (4 Hours) Participants identify and discuss the different levels of assurance and responsibility associated with compilations, reviews and audits. Minimum levels of knowledge required in performing compilations and reviews are identified. The kinds of procedures performed on compilations and reviews and the circumstances under which they are performed are identified and discussed. Participants are given an unadjusted trial balance taken from the books of a closely-held corporation along with selected information about certain accounts. Utilizing this information, small groups of participants identify accounts needing possible adjustments, discuss the various alternatives available under GAAP, and then prepare adjusting entries that will permit the preparation of financial statements in accordance with GAAP. Tax Recognition and Research Techniques (2.5 Hours) The twofold objectives of this session are to improve each participant's skills at  Identifying situations common to small and medium-sized clients that have tax implications  Performing noncomplex tax research to resolve questions associated with each situation. Working with the same small company case used in the Compilation and Review Services module, participants first identify numerous situations with tax implications and then perform basic tax research in a tax reference manual, such as the Master Tax Guide, in order to either resolve each tax question or recommend more in-depth research. Auditing / Reviewing Selected Accounts (6.5 Hours) In several sessions devoted to various balance sheet accounts, emphasis is placed on:  Identifying the audit and/or reviewing objectives applicable to a given account  Designing and implementing those procedures that will, in the most efficient and effective manner, provide sufficient evidence to meet the specified objectives  Small group case analysis is used to help participants improve the skills they need in effectively and efficiently auditing receivables, payables and inventories.

Beginning In-Charge Staff Training - Level III

Thursday, November 4th 8:45am - Friday, November 5th 4:30pm

Online

24.00 Credits

What is Expected of the In-Charge (2.5 Hours) Participants first build a composite list of the responsibilities of an effective in-charge based on their firms' practices. The list is then used as a basis for discussing the kinds of actions that participants can take to improve their chances for achieving success in their firms. Plan Engagements (5.5 Hours) The in-charge's responsibilities for engagement planning are the focal points for this session. The steps that should be followed in proper planning are identified through the use of a case. This is followed by a discussion of the deterrents to planning that exist in actual practice and identification of ways to partially or fully overcome the deterrents. The emphasis in the entire planning session is on how to plan more effectively. The second part of the planning session pertains to the proper use and common abuses of audit budgets as a planning tool. It also includes a case and discussion about strategies for obtaining better client assistance. Assess Risk and Materiality (3.5 Hours) In this session participants first define and differentiate types of risk assessment; engagement risk and the risk of material misstatement. The impact that these risks have on audit evidence requirements is then discussed. Participants also discuss the concept of materiality. Materiality decisions need to be made both in the planning phase of an engagement and in the evaluation phase. The first case in this module is used to illustrate how risk assessment and the determination of a preliminary judgement of materiality can be used to minimize engagement cost while still permitting high quality engagement performance. The final case requires participants to assess the risk of fraud, including conducting a fraud brainstorming session for a client. Nonstatistical Audit Sampling (2.5 Hours) Nonstatistical audit sampling concepts are typically difficult for participants to apply to audit engagements. This module begins with a discussion on properly applying audit standards. In a case continued from the previous module, participants practice making correct sampling decisions for the audit of one major financial statement account. The final case illustrates the concept of projecting sample misstatements to the population, including the consideration of sampling error. Meet Client Needs (1.5 Hours) One purpose of this session is to illustrate the four primary elements of effective selling and how these elements can be used by in-charges to help the firm sell additional services to existing clients. Using the conclusions reached, a general discussion is held about how to use management letters as a client relations and sales tool. There is specific discussion on the purposes of management letters, elements of effective letters, development of management letter ideas and writing better letters. Complete Engagements (2.5 Hours) Inexperienced in-charges typically have difficulty getting an engagement completed. This session is designed to give them ideas and teach them how to do a better job in that area. Early problem identification, tying up loose ends throughout the engagement, early review of assistants' work and self review are stressed as ways to reduce completing-the-engagement difficulties. Review Assistants' Work (3 Hours) This session emphasizes identifying objectives and developing a methodology in reviewing assistants' working papers. Early review, proper documentation and effective communication of review notes are essential parts of the discussion. A major case provides practice in reviewing a section of a set of working papers. Supervision (3 Hours) Supervision and motivation of assistants is a major topic in Supervisory Staff Training. It is introduced in this program to help participants understand the importance of good supervision and to teach them some on-the-job supervision techniques. Fundamental characteristics of good supervisors and common characteristics found in poor supervisors are identified through a series of short case studies. There are also cases and discussion dealing with teaching assistants and effectively assigning responsibilities to assistants.

Top Business Tax Planning Strategies (Morning Session)

Monday, November 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

Top Individual Tax Planning Strategies (Morning Session)

Monday, November 8th 10:35am - 12:15pm

Online

2.00 Credits

IRA changes that impact individual tax planning Election to use the interest tracing rules rather than be limited under the mortgage interest deduction limitation Transfer property to younger family members while the enlarged transfer tax exemption remains in place Rollover 529 plan balances into ABLE Programs Take advantage of 529 plans to fund pre-college education expenses on a tax-advantaged basis Negotiate or renegotiate separation agreements and divorce decrees in light of the changes in the tax rules governing the deductibility of alimony payments

Larry Stein's 2021 Busy Season Tax Update

Tuesday, November 9th 8:45am - 4:30pm

Online

8.00 Credits

Part One Individual Tax Developments (200 Minutes)  New tax forms and instructions  Tax reform guidance  SECURE and CARES Act developments  Key new tax cases  Key New IRS Regulations and administrative guidance  Form 1040 hot spots  Post-election developments Part Two Small Business and Self-Employed Tax Client Update (200 Minutes)  Tax deduction developments  Tax accounting insights  "S" Corporation and LLC tax developments  Real estate and passive activity update  IRS audit hot spots  SECA tax

Larry Stein's 2021 Tax Planning And Compliance Toolkit

Wednesday, November 10th 8:45am - 4:30pm

Online

8.00 Credits

Part One - Individuals (200 Minutes)  Tax practice quality control  Schedule C - Tax compliance and planning  Schedule E - Tax compliance and planning  Schedule D - Tax compliance and planning  Form 1040 - Hot spots  IRAs - Traditional and Roth Part Two - Business Entities (200 Minutes)  C Corporations - Hot spots  "S" Corporations - Planning and compliance   LLCs and partnerships  Tax accounting  Selected tax deductions

Advanced Audits of 401(k) Plans: Best Practices and Current Developments

Monday, November 15th 9:00am - 5:00pm

Online

8.00 Credits

Annual update of the changes affecting 401(k) plans  Compliance issues associated with eligibility and enrollments, remittances, lack of oversight, compensation, vesting, etc.  Best practices for engagement planning, internal controls, risk assessment, and detailed testing  How to avoid common mistakes made while performing audit procedures  Plan mergers and acquisitions  Common audit reporting and disclosure issues  The new audit standard for employee benefit plans

The Best Individual Income Tax Update Course by Surgent

Monday, November 15th 9:00am - 5:00pm

Online

8.00 Credits

The SECURE Act, including IRA and RMD changes The CARES Act and FFCRA, including employer credits, SBA loans, and expanded leave programs Treatment of state and local taxes Virtual currency Opportunity Zones Education-related provisions Depreciation changes Rules on entertainment expenses, including meals Doubling of estate and gift tax exemption for a married couple Comprehensive coverage of tax reform, 199A and its alteration of pass-through taxation and planning Review of pertinent cases and rulings affecting taxpayers Practice aids, including all the numbers applicable for the current year -- inflation-adjusted amounts, mileage rates, retirement contributions, and more The latest issues related to any other late-breaking tax law changes

FASB and AICPA Update

Tuesday, November 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)

Tuesday, November 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

Income Tax Planning

Tuesday, November 16th 8:45am - 4:30pm

Online

8.00 Credits

Impact of Supreme Court's rejections of Defense of Marriage Act  New 0.9% and 3.8% Medicare taxes  Mutual fund tax strategies  All about Roth IRAs-including strategies for self-employed individuals and estate planners  The 100% gain exclusion for qualified small business stock  Personal residence transactions-including short sales and foreclosures  Reverse mortgages can save taxes on greatly appreciated residences  Converting personal residences into rentals: tax implications  Tax-saving ideas for self-employed clients-including ways to reduce SE and FICA taxes, strategies for husband-wife businesses, depreciation breaks and much more  Tax angles for vacation homes, timeshares, and co-ownership arrangements  Divorcing clients-tax angles are critically important  State-of-the-art tax planning for college expenses  Employer stock options: tax planning moves

This Year's Best Income Tax, Estate Tax, and Financial-Planning Ideas

Tuesday, November 16th 9:00am - 5:00pm

Online

8.00 Credits

The SECURE Act IRA and RMD changes, with a specific look at planning strategies in light of the elimination of the "stretch IRA" Other SECURE Act changes, including expanded 529 plans and 401(k) retirement accounts for part-time workers CARES Act retirement plan updates CARES Act changes to 461(l),163(j) and NOLs A historical overview of virtual currency as well as increased IRS scrutiny on the tax implications of such transactions The best new income tax and estate-planning ideas, including items from tax reform Highlights of the Tax Cuts & Jobs Act including the 199A deduction The changing Social Security landscape: what it means for planning Creative charitable giving strategies Financial planning strategies Maximizing retirement plan benefits Using intentionally defective grantor trusts Miscellaneous tax-planning techniques that can add up to significant tax savings How to use the whole family for tax savings Life insurance Up-to-the-minute ideas reflecting new tax law changes in cases, regulations, and rulings

Compilation and Review Practice Guide

Wednesday, November 17th 8:45am - 4:30pm

Rocky Hill

8.00 Credits

SSARS standards  Compilation performance requirements  Review performance requirements  Documentation for compilations and reviews  Special purpose frameworks financial statements  Legal liability concerns and issues  How to perform and document analytical procedures appropriately, including developing expectations  Independence and the AICPA Code of Professional Conduct  Non-attest services  Common issues raised in peer reviews

Compilation and Review Practice Guide (Livestream)

Wednesday, November 17th 8:45am - 4:30pm

Online

8.00 Credits

SSARS standards  Compilation performance requirements  Review performance requirements  Documentation for compilations and reviews  Special purpose frameworks financial statements  Legal liability concerns and issues  How to perform and document analytical procedures appropriately, including developing expectations  Independence and the AICPA Code of Professional Conduct  Non-attest services  Common issues raised in peer reviews

Advanced Auditing of HUD-Assisted Projects

Thursday, November 18th 8:45am - 4:30pm

Online

8.00 Credits

HUD audit environment  Audit standards for audits of HUD-assisted projects  Fieldwork standards for audits of the HUD-assisted projects  Audits of HUD-regulated lenders  Reporting standards for audits of HUD-assisted projects  Annual financial statement requirements  Mortgagees