Accounting & Auditing Virtual Conference
Tuesday, June 13 8:55am - Wednesday, June 14 1:00pm
(Check-In 8:30am)
Virtual
8.00 Credits
Member Price $359.00
Non-Member Price $469.00
Overview
You could pay $0 for this course!
This qualifies for reimbursement through the State Workforce Training Express Fund. Firms/companies with fewer than 100 staff will receive 100% reimbusement, and firms/companies with over 100 staff will receive 50% reimbursement. You must register for this course and apply for reimbursement through the Workforce Training Express Fund website three weeks in advance to be eligible. The course code for this program is 1124157. To learn more click here or contact Julia Ekelund at jekelund@mscpaonline.org.
MassCPAs is excited to offer our Accounting & Auditing Conference this spring! Based on feedback from our members, this year’s conference will be presented virtually over two half-days and is ideal for corporate accountants and practitioners who perform audit, attest and assurance services. This year we’ll be joined by our featured speakers, Leah Donti, CPA, CMA, MBA, and Mike Glynn, CPA, CGMA, as well as other experts in the field who will present on:
- Auditing standards
- Statement of Standards for Accounting and Review Services (SSARS) and SARS25
- New leases standard
- Fraud exposure risks presented by performing an audit remotely
- And more!
Sponsored by:
Tuesday, June 13
General Session
8:55am - 9:00am Welcome and Opening Remarks
Amy PitterAmy Pitter
Amy Pitter is president and CEO of the Massachusetts Society of CPAs (MassCPAs) where she is dedicated to serving the Society’s 11,000 members in public accounting, industry and business, government and education. Since joining MassCPAs in 2015, Pitter has advocated for increased diversity in the accounting industry and has developed new initiatives to make progress in this area, including launching programs for high school students in gateway cities, helping firms address diversity and inclusion challenges and sponsoring scholarships for low-income students to study accounting. In 2019, Pitter signed the CEO Action for Diversity and Inclusion Pledge, the largest CEO-driven business commitment for promoting diversity and inclusion in the workplace and has since developed a series of programs designed to help firms deepen their knowledge and grow their diversity, equity and inclusion (DEI) efforts. Before joining the Society, Pitter was the former commissioner for the Massachusetts Department of Revenue (DOR). She was named to Accounting Today’s Top 100 Most Influential People in Accounting in 2020, and for several years she has also been named one of the Most Powerful Women in Accounting by CPA Practice Advisor. Pitter has been featured in several news outlets, including Accounting Today, Boston Business Journal, Commonwealth Magazine, Associations Now, WBUR and The Boston Globe.
This session is available to registrants and their guests
General Session
9:00am - 9:50am Update on Auditing and Attestation Standards
Michael GlynnMichael Glynn
Michael (Mike) Glynn, CPA, CGMA is a senior technical manager in the AICPA Audit and Attest Standards Team where he serves as the staff liaison to the Accounting and Review Services Committee (ARSC). In addition, Glynn supports the activities of Auditing Standards Board (ASB) and its subcommittees by assisting members in drafting and deliberating authoritative professional standards and interpretations.
In this session, we’ll discuss recently issued auditing standards focusing on standards that are effective for year end 2022 and 2023 engagements, including standards on audit evidence, auditing accounting estimates, risk assessment and inquiries of predecessor auditors regarding fraud and noncompliance with laws and regulations. We’ll also cover recently issued standards on group audits as well as recently issued attestation and quality management standards.
This session is available to registrants and their guests
Breakout Session
10:00am - 10:50am Business Acquisitions
Thomas GroskopfThomas Groskopf
Thomas Groskopf, CPA, CVA, MBA, is a director at Barnes Dennig and is a service line leader for the firm’s accounting and audit practice. A nationally recognized authority on accounting and auditing topics, he has been selected by his peers to serve on numerous national and international standard-setting committees. In addition, Groskopf was named one of the “Top 100 Most Influential People in Accounting” by Accounting Today, an honor recognizing his leadership of the Center for Plain English Accounting, a key program of the American Institute of Certified Public Accountants (AICPA). He is also a member of the inaugural Private Company Council, which works with the Financial Accounting Standards Board (FASB) to determine if and how U.S. GAAP should be adapted for private companies.
Business combinations do not happen every year, but when they do, they dramatically impact financial statements. In this session, you’ll learn about business combination accounting issues under Financial Accounting Standards Board (FASB) ASC 805 for private companies from the American Institute of Certified Public Accountants (AICPA) Center for Plain English Accounting. We’ll also discuss common issues for private companies, including identification of the acquirer, allocation of consideration, fair value determinations for contingent consideration, intangible asset recognition and measurement and accounting for goodwill.
This session is available to registrants and their guests
10:00am - 10:50am Digital Assets
Kenn HeaslipKenn Heaslip
Kenneth Heaslip, licensed as a CPA in New Jersey, has extensive experience teaching all levels of accounting, auditing, and in other practice-related areas. He is an active member of the NJCPA, where he has served in positions such as Vice President, Trustee Chapter President, Committee Chair, and Task Force Chair. Kenn currently serves on the NJCPA Professional Conduct Committee and is a Director at Cullari Carrico LLC, a regional CPA firm in Northern New Jersey. Kenn has been a Professor of Accounting at several universities including Seton Hall, where he was the students’ choice as “Educator of the Year” two years in a row, and in the Executive MBA program at Rutgers University. In addition, he was the National Director of the Becker CPA Review. Kenn earned his BA from Rutgers University and has an MS in Taxation and MBA in Finance from Seton Hall University
This session is available to registrants and their guests
General Session
11:00am - 11:50am Applied Technologies for Improving Accounting and Auditing Processes
Thomas Stephens JrThomas Stephens Jr
Tommy Stephens Jr., CPA, CGMA, CITP, is a shareholder at K2 Enterprises where he lectures internationally on subjects, such as internal controls for small businesses, technology strategies, computer hardware and software applications, tax strategies and compliance and financial accounting standards and applications. Stephens background also includes his work as an auditor and technology consultant for an Atlanta-based public accounting firm, leading an internal audit staff and managing a cost accounting team for a Fortune 500 company and serving as CFO for an international engineering organization. In the last 25 years, he has also presented over 2,700 educational sessions to over 70,000 participants throughout the U.S. and Canada.
Technology continues to provide amazing opportunities to improve accuracy and efficiency, particularly in accounting and auditing environments. With today’s technologies, there are significant opportunities at your disposal to improve efficiency, accuracy, effectiveness, internal control and security, all with modern technology tools. In this session, you will learn how you can take advantage of leading tools to help you and your team realize your stated objectives and work as efficiently as possible.
This session is available to registrants and their guests
General Session
12:10pm - 1:00pm Financial Accounting Standards Board (FASB) Update with Discussion of Current Expected Credit Losses (CECL) Methodology
Kenn HeaslipKenn Heaslip
Kenneth Heaslip, licensed as a CPA in New Jersey, has extensive experience teaching all levels of accounting, auditing, and in other practice-related areas. He is an active member of the NJCPA, where he has served in positions such as Vice President, Trustee Chapter President, Committee Chair, and Task Force Chair. Kenn currently serves on the NJCPA Professional Conduct Committee and is a Director at Cullari Carrico LLC, a regional CPA firm in Northern New Jersey. Kenn has been a Professor of Accounting at several universities including Seton Hall, where he was the students’ choice as “Educator of the Year” two years in a row, and in the Executive MBA program at Rutgers University. In addition, he was the National Director of the Becker CPA Review. Kenn earned his BA from Rutgers University and has an MS in Taxation and MBA in Finance from Seton Hall University
This session is available to registrants and their guests
General Session
1:00pm - 1:10pm Day 1 Closing Remarks
This session is available to registrants and their guests
Wednesday, June 14
General Session
8:55am - 9:00am Welcome and Opening Remarks
Amy PitterAmy Pitter
Amy Pitter is president and CEO of the Massachusetts Society of CPAs (MassCPAs) where she is dedicated to serving the Society’s 11,000 members in public accounting, industry and business, government and education. Since joining MassCPAs in 2015, Pitter has advocated for increased diversity in the accounting industry and has developed new initiatives to make progress in this area, including launching programs for high school students in gateway cities, helping firms address diversity and inclusion challenges and sponsoring scholarships for low-income students to study accounting. In 2019, Pitter signed the CEO Action for Diversity and Inclusion Pledge, the largest CEO-driven business commitment for promoting diversity and inclusion in the workplace and has since developed a series of programs designed to help firms deepen their knowledge and grow their diversity, equity and inclusion (DEI) efforts. Before joining the Society, Pitter was the former commissioner for the Massachusetts Department of Revenue (DOR). She was named to Accounting Today’s Top 100 Most Influential People in Accounting in 2020, and for several years she has also been named one of the Most Powerful Women in Accounting by CPA Practice Advisor. Pitter has been featured in several news outlets, including Accounting Today, Boston Business Journal, Commonwealth Magazine, Associations Now, WBUR and The Boston Globe.
This session is available to registrants and their guests
General Session
9:00am - 9:50am Best Practices for Reviews, Compilations and Financial Statement Preparation Engagements
Michael GlynnMichael Glynn
Michael (Mike) Glynn, CPA, CGMA is a senior technical manager in the AICPA Audit and Attest Standards Team where he serves as the staff liaison to the Accounting and Review Services Committee (ARSC). In addition, Glynn supports the activities of Auditing Standards Board (ASB) and its subcommittees by assisting members in drafting and deliberating authoritative professional standards and interpretations.
In this session, we’ll discuss best practices for reviews, compilations and financial statement preparation engagements, examine the evidence required to issue a review report and share best practices with respect to effective analytical procedures. We’ll also discuss when an accountant is required to perform a preparation engagement in accordance with AR-C section 70.
This session is available to registrants and their guests
General Session
10:00am - 10:50am New Quality Management Standards
Ahava Goldman
In this session, we’ll cover t the new quality management suite of standards, when they go into effect, what will change and what firms should be doing now to implement them by the effective date.
This session is available to registrants and their guests
Breakout Session
11:00am - 11:50am Financial Statement Disclosures Common to Private Entities
Jennifer LouisJennifer Louis
Jennifer F. Louis, CPA, has more than 14 years of experience in designing and instructing high-quality training programs. In 2003 she joined Emergent Solutions Group, LLC, a consortium of professionals serving organizations on a project- or part-time basis to create a division dedicated to training services. Most recently, Ms. Louis was executive vice president / director of training services at AuditWatch, Inc., a premier training and consulting firm serving the audit profession. She began her career at AuditWatch as vice president of product development. Before joining AuditWatch, Ms. Louis was the financial / operational audit manager at AARP. Ms. Louis also was an audit manager for Deloitte & Touche LLP. During her years at Deloitte & Touche’s Washington D.C. office, she was a frequent local and national instructor. She also served as an instructor for the firm’s national “Train the Trainers” program. Ms. Louis graduated summa cum laude from Marymount University with a BBA in accounting. She is a member of the American Institute of CPAs and the American Society for Training & Development, and is licensed to practice in the Commonwealth of Virginia.
Financial statement disclosures help financial statement users make economic decisions, by not only explaining and clarifying information provided in the basic financial statements, but also providing critical information about subsequent events, litigation risk and other concerns. In this session, we’ll review the most common financial statement disclosures for small- and medium-sized nonpublic entities.
This session is available to registrants and their guests
11:00am - 11:50am Post-Implementation of the New Lease Standard
Leah DontiLeah Donti
Leah Donti, CPA, CMA, MBA, is the founder and president of Advantage Montreal Seminars Inc. An internationally recognized seminar leader and speaker in accounting and auditing, she has been conducting seminars full-time for 31 years through her seminar business, including in-house training at CPA firms and various multinationals. In addition, Donti offers CPE courses through CPA state societies and speaks at conferences across North America annually. She covers hot topics, including FASB updates, private company GAAP developments, accounting and auditing updates, SEC and PCAOB updates, revenue recognition, leases, business combinations, compilation and review, fair value accounting, ESG, cryptocurrency, blockchain, cannabis, data analytics, digital transformation and agile finance. She also provides proprietary prep seminars for the IQEX reciprocity exam where foreign accountants obtain the U.S. CPA credential. Furthermore, Donti has received the American Institute of Certified Public Accountants (AICPA) Outstanding Discussion Leader Award for 11 years in a row for her passion, energy and ability to speak at all levels of the CPA profession.
In this session, we’ll cover pitfalls, best practices, how to deal with lease modifications and reassessments and recent developments to clarify leases from the Financial Accounting Standards Board (FASB).
This session is available to registrants and their guests
General Session
12:10pm - 1:00pm Top Accounting and Reporting Issues in Times of Economic Uncertainty
Leah DontiLeah Donti
Leah Donti, CPA, CMA, MBA, is the founder and president of Advantage Montreal Seminars Inc. An internationally recognized seminar leader and speaker in accounting and auditing, she has been conducting seminars full-time for 31 years through her seminar business, including in-house training at CPA firms and various multinationals. In addition, Donti offers CPE courses through CPA state societies and speaks at conferences across North America annually. She covers hot topics, including FASB updates, private company GAAP developments, accounting and auditing updates, SEC and PCAOB updates, revenue recognition, leases, business combinations, compilation and review, fair value accounting, ESG, cryptocurrency, blockchain, cannabis, data analytics, digital transformation and agile finance. She also provides proprietary prep seminars for the IQEX reciprocity exam where foreign accountants obtain the U.S. CPA credential. Furthermore, Donti has received the American Institute of Certified Public Accountants (AICPA) Outstanding Discussion Leader Award for 11 years in a row for her passion, energy and ability to speak at all levels of the CPA profession.
In this session, we’ll examine the important accounting issues facing economic uncertainty, including dealing with various types of impairment, going concern and fair value remeasurement.
This session is available to registrants and their guests
Non-Member Price $469.00
Member Price $359.00