COURSE DESCRIPTION

With the complexity of a fast-paced business environment and continued emphasis by regulators on preventing and detecting improper financial reporting, CPAs must remain current regarding the accounting guidance and regulations affecting
their daily functions and professional responsibilities.

This course will consider several areas of accounting and auditing guidance and resources. The FASBs Accounting Standards Codification is the source of U.S. GAAP to be applied to nongovernmental entities. The content and organization
of the Codification will be reviewed for CPAs to effectively access and research the proper accounting standards. The sections of the Sarbanes-Oxley Act addressing oversight, the Public Company Accounting Oversight Board and internal
controls over financial reporting will be reviewed along with the auditing standards issued by the PCAOB. The activities of the Private Company Council and the guidance issued by the Council will also be outlined.

Topics include:

• Accounting and auditing guidance and resources
• FASBs Accounting Standards Codification
• Sarbanes-Oxley Act

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the importance of the internal control and corporate governance provisions of the Sarbanes-Oxley Act.
• Identify the reference format used in the FASBs Accounting Standards Codification.
• Identify the auditing standards issued by the PCAOB.
• Recognize the importance of the internal control and corporate governance provisions of the Sarbanes-Oxley Act.
• Identify the standard-setting process for private companies.

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to review the accounting and financial disclosures related to two recent changes from legislation: the Employee Retention Credit (ERC) and the Pass-Through Entity (PTE) Tax.

Topics include:

• An overview of the ERC rules
• Models to use to account for the ERC
• Comparing the use of the ASC 958 model with the IAS 20 model to account for the ERC
• Disclosures required for the ERC including disclosures found in newly issued ASU 2021-10
• Fixing 2020 ERC presentation and disclosure errors
• Presenting the ERC on tax-basis financial statements
• Overview of the Pass-Through Entity (PTE) Tax election
• GAAP accounting for the PTE tax
• GAAP disclosures for the PTE tax
• Presenting the PTE tax on tax-basis financial statements

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the type of expense that is the basis for measuring the amount of the ERC.
• Identify where to present the ERC in the statement of income using the ASC 958 conditional contribution model
• Recognize where to present the ERC in the statement of income using the IAS 20 grant model.
• Identify an action step to be taken to correct the previous presentation and disclosure of an ERC in the 2020 statement of income
• Recognize the proper presentation of the ERC in a tax-basis statement of income
• Recognize a technique that has been attempted to circumvent the SALT deduction limitation
• Identify how to account for the PTE tax in an entitys financial statements
• Recognize the requirements for recording deferred state income taxes with respect to the PTE tax election
• Identify disclosures that should be made for the PTE tax

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to review the impact that COVID-19 has on accounting and financial reporting, and the changes made by the CARES Act and the Consolidated Appropriations Act, 2021, including accounting for Paycheck Protection Program (PPP) loans and forgiveness.

Topics include:

• Disclosures of risks and uncertainties.
• Going-concern reporting and disclosure issues.
• Impairment issues related to goodwill and other long-lived assets.
• Accounting for variable consideration revenue and onerous contracts.
• Dealing with inventory costs and stock market investment losses.
• Collectability of trade receivables; exit and termination benefit obligations.
• Contingencies, and accounting and auditing engagement matter.

The course also discusses the accounting for PPP loans and forgiveness, and the accounting for tax changes made by the CARES Act and Consolidated Appropriations Act,

Learning Objectives:

After reading the course material, you will be able to:

• Recognize some types of concentrations that might require disclosure under the risk and uncertainty rules
• Identify the definition of near term
• Recall the frequency in which an entity should test goodwill for impairment
• Recognize some exit and disposal costs
• Recall how to classify business interruption insurance proceeds on the financial statements
• Identify the benchmark used to determine the going concern
• Recognize how to report an ongoing concern in an audit
• Identify a method that can be used to measure variable consideration revenue
• Recognize an example of a construction-type contract
• Identify an advantage of remote auditing
• Recall how to present debt issuance costs in the financial statements
• Recognize how to account for PPP loan forgiveness
• Identify how to treat the forgiveness of a PPP loan for tax purposes, and
• Identify an example of a circumstance in which an emphasis-of-matter paragraph might be necessary.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to address the accounting and financial reporting for the current post-COVID economic climate including the effects of inflation, supply-chain shortages, rising interest rates, and other events affecting
company financial statements for 2022 and 2023.

Topics include:

• Recognize some types of concentrations that might require disclosure under the risk and uncertainty rules
  
• Identify the definition of near term
• Recall the frequency in which an entity should test goodwill for impairment
• Recognize some exit and disposal costs
• Recall how to classify business interruption insurance proceeds on the financial statements
• Recognize the relationship a change in interest rates has on real estate values
• Identify the benchmark used to determine a going concern
• Recognize how to report an ongoing concern in an audit engagement
• Identify a method that can be used to measure variable consideration revenue
• Recognize an example of a construction-type contract
• Identify an advantage of remote auditing
• Identify whether the LIFO IPIC approach is acceptable for GAAP
• Recall the net operating loss rules

Learning Objectives:

After reading the course material, you will be able to:

• Recognize some types of concentrations that might require disclosure under the risk and uncertainty rules
  
• Identify the definition of near term
• Recall the frequency in which an entity should test goodwill for impairment
• Recognize some exit and disposal costs
• Recall how to classify business interruption insurance proceeds on the financial statements
• Recognize the relationship a change in interest rates has on real estate values
• Identify the benchmark used to determine a going concern
• Recognize how to report an ongoing concern in an audit engagement
• Identify a method that can be used to measure variable consideration revenue
• Recognize an example of a construction-type contract
• Identify an advantage of remote auditing
• Identify whether the LIFO IPIC approach is acceptable for GAAP
• Recall the net operating loss rules

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Risk management for accounting professionals begins with accepting engagements with clients and does not end until the date on which record retention requirements expire. Along the way, practitioners may encounter special cases in
which documentation of accounting information becomes more complex.

This course will provide an overview of engagement documentation and retention for various types of engagements.

Topics include:

• Chapter 1:  Overview of Engagement Documentation for Risk Management
• Chapter 2: Individual Client Engagements
• Chapter 3: Compilation Engagements
• Chapter 4: Review Engagements
• Chapter 5: Audit Engagements
• Chapter 6: Attestation and Litigation Engagements
• Chapter 7: Record Retention for Risk Management

Learning Objectives:

After reading the course material, you will be able to:

• List the key points to cover in welcome letters to which clients agree before an engagement begins;
• Recognize proper terminology about assurances and responsibilities of parties in compilation, review, and audit engagements;
• Identify types of specialized engagement letters that offer the best defensive terms in unusual or high-risk engagements;
• Recognize common pitfalls in the conduct of engagements with individual clients.
• Business clients requesting compilation, review, audit, attestation, and litigation support services; and
• Identify the types of regulatory and standards-setting bodies that impose record retention provisions for accounting.

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Electronic payments are fast becoming the preferred method of payment for best-practice companies. The COVID crisis shined a light on the inefficiencies of making paper payments. While many professionals were well aware that paper checks were expensive and used valuable human resources, this detail was often swept under the rug. With an increasingly remote workforce, feigning ignorance no longer works. Ss organizations recognize the cost-savings and efficiencies associated with ACH payment programs, they are starting to change. This will only continue with the introduction of Real-Time payments.

This course presents basic information the professional can use to properly set up and grow an ACH payment program, understand when to use more costly wire transfers and how to use Instant Payments. Industry expert Mary Schaeffer shows auditors, controllers, and managers exactly how to do this. She also alerts readers to the growing threat of fraud in this arena, offering advice for everyone – whether or not they are currently making electronic payments. “Everyone who does not take the proper precautions is at risk,” she warns.

Topics include:

• Chapter 1: How ACH Payments Work
• Chapter 2: How to Start an ACH Payment Program
• Chapter 3: How to Expand an ACH Payment Program
• Chapter 4: How to Protect Your Organization against ACH Fraud
• Chapter 5: ACH Best Practices, ‘Gotchas’ and Worst Practices
• Chapter 6: The Remittance Advice
• Chapter 7: Wire Transfers
• Chapter 8: Real-Time Payments (Instant Payments)

Learning Objectives:

After reading the course material, you will be able to:

• Identify the reasons why paying electronically benefits an organization
• Pinpoint issues to be considered when setting up an electronic payment program
• Create a basic ACH payment program for an organization
• Build an effective strategy for converting suppliers to the program
• Identify effective strategies to grow your ACH payment program
• Develop an effective method for converting suppliers to the program
• Understand the different types of payment fraud currently being perpetrated
• Develop an effective method to combat electronic payment fraud
• Develop a Best Practice ACH payment initiative
• Avoid worst practices as well as hidden pitfalls when setting up an ACH payment program
• Develop solutions to deliver remittance data to suppliers Understand how Instant Payments Work
• Develop a best practice approach to using wire transfers
• Identify instances where ACH payments can be used in place of costly wire transfers
• Understand the new Instant Payment offering from the Federal Reserve Banks, FedNow
• Develop a fraud protection plan to prevent criminals from defrauding you using your Zelle account

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to address the latest developments affecting 2021 and 2022 audit engagements, including the impact of COVID-19 on audit engagements.

In this course, auditors will learn about the new auditors report, auditing estimates and audit evidence, and changes made to the auditors understanding of the entity, its environment, and risk assessment procedures, and the guidance
on using the work of specialists as audit evidence. These changes are found in newly issued SAS Nos. 134-145, and the new attestation standards found in SSAE Nos. 19-22.(Items 20 and 20E)

The course focuses on recalling, recognizing, and identifying rules related to auditing standards including new developments about those standards.

Topics include:

• Addressing the auditors consideration of the business and economic environment in which the client operates;
• Accounting and auditing engagement issues during COVID-19 including the impact of the pandemic on an entitys ability to continue as a going concern;
• Client and employee fraud;
• Specific accounting risks for auditors to consider limiting auditor's liability key audit focus areas during volatile times lessons from litigation efficiency engagements to reduce auditor time;
• Various practice issues related to audits;
• Dealing with DOL audits of employee benefit plans; and more...

Learning Objectives:

After reading Section 1 of the course material, you will be able to:

• Identify an example of a concentration that might require disclosure
• Recall the definition of near term
• Identify the most obvious approach to account for a PPP loan under GAAP
• Recall how an entity should account for PPP loan forgiveness
• Identify a scenario in which it would be impracticable for an auditor to attend a physical inventory
• Recognize an advantage of remote auditing
• Recognize a behavioral trait of most occupational fraudsters
• Recognize the difference between fraud and an error
• Recall the three conditions of the fraud triangle
• Identify common types of financial statement fraud noted by the FBI
• Recognize an example of a misappropriation of assets
• Identify an additional procedure required to deal with the risk of management override of internal controls
• Recognize a factor to consider in evaluating the going concern of an entity
• Recall how an investment in equity security should be accounted for under GAAP
• Recognize the new sales tax rules in the wake of the Wayfair decision
• Recognize an example of a coverage ratio
• Recall the timeframe within which most lawsuits against auditors occur
• Identify a recommendation to tighten up auditor work papers

After reading Section 2 of the course material, you will be able to:

• Identify a suggestion for an auditor reducing time and increasing audit efficiency
• Recognize when negative accounts receivable confirmations should not be used
• Identify the form of a comfort letter that would be appropriate for an accountant to make to a lender
• Recall the rule for an auditor presenting his or her city and state on the audit report
• Identify the rules for an auditor communicating deficiencies found in an audit
• Recognize an example of a result that can occur if there is a problem with a DOL employee benefit plan audit
• Identify a type of fraudster
• Recall the location of certain sections in the auditors report
• Recognize the categorization of an adverse opinion
• Identify a change that SAS No. 136 makes to the limited-scope ERISA audit
• Recognize one of the changes made by AU-C 703 to ERISA audits
• Recall the reporting requirement when an auditor obtains other information in an audit
• Identify a reference that is made in the new definition of materiality
• Recognize the definition of certain types of paragraphs made by SAS No. 139
• Recognize an example of an attribute of information obtained as audit evidence per SAS No. 142
• Identify how inherent and control risk should be assessed under the SAS No. 143 requirements
• Recall the three approaches that an auditor can use to perform further audit procedures required by SAS No. 143
• Identify some instances in which an auditor may conclude that a specialists work is not adequate
• Identify a type of risk assessment procedure that an auditor can use in accordance with SAS No. 145
• Recall examples of risk assessment procedures that an auditor may perform in SAS No. 145
• Recognize how to perform risk assessment procedures when relying on information obtained from previous experience with an entity
• Identify examples of risk assessment procedures to obtain audit evidence in accordance with SAS No. 145
• Recognize a new requirement made by SAS No. 145 in connection with assessing inherent risk and control risk in an audit
• Identify how an auditor should respond if the auditor does not plan to test the operating effectiveness of an entitys controls.
• Identify a change made by SSAE No. 19
• Recognize one of the four types of engagements within SSAE No. 21s new definition of attestation engagement
• Identify an example of subject matter that is within the scope of SSAE No. 22s review

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to address the latest developments affecting 2020 and 2021 audit engagements, including the impact of COVID-19 on audit engagements.

Additionally, in this course, auditors will learn about the new auditor’s report, auditing estimates, and audit evidence guidance found in SAS Nos. 134-143, and the new attestation standards found in SSAE Nos. 19-22.

The course focuses on recalling, recognizing, and identifying rules related to auditing standards including new developments about those standards.

Topics include:

• Addressing the auditors consideration of the business and economic environment in which the client operates
• Accounting and auditing engagement issues during COVID-19 included the impact of the pandemic on an entitys ability to continue as a going concern.
• Client and employee fraud.
• Specific accounting risks for auditors to consider.
• Limiting auditors liability.
• Key audit focus areas during volatile times.
• Lessons from litigation.
• Efficiency engagements to reduce auditor time.
• Various practice issues related to audits.
• Dealing with DOL audits of employee benefit plans; and more!

Learning Objectives:

Section 1:

After reading the Section 1 course material, you will be able to:

• Identify an example of a concentration that might require disclosure.
• Recall the definition of the near term.
• Identify the net operation loss rules under the CARES Act.
• Recognize a key characteristic of a multi-employer pension plan.
• Identify the most obvious approach to account for a PPP loan under GAAP.
• Recall how an entity should account for PPP loan forgiveness.
• Identify a scenario in which it would be impracticable for an auditor to attend a physical inventory.
• Recognize an advantage of remote auditing.
• Recognize a behavioral trait of most occupational fraudsters.
• Recognize the difference between fraud and error.
• Recall the three conditions of the fraud triangle.
• Identify common types of financial statement fraud noted by the FBI.
• Recognize an example of a misappropriation of assets.
• Identify an additional procedure required to deal with the risk of management override of internal controls.
• Recognize a factor to consider in evaluating the going concern of an entity.
• Recall how an investment in equity security should be accounted for under GAAP.
• Recognize the new sales tax rules in the wake of the Wayfair decision.
• Recognize an example of a coverage ratio.
• Recall the timeframe within which most lawsuits against auditors occur.
• Identify a recommendation to tighten up auditor work papers.

Section 2:

After reading the Section 2 course material, you will be able to:

• Identify a suggestion for an auditor that reduces time and increases audit efficiency.
• Recognize when negative accounts receivable confirmations should not be used.
• Identify the form of a comfort letter that would be appropriate for an accountant to make to a lender
• Recall the rule for an auditor presenting his or her city and state on the audit report.
• Identify the rules for an auditor communicating deficiencies found in an audit.
• Recognize an example of a result that can occur if there is a problem with a DOL employee benefit plan audit
• Identify a type of fraudster.
• Recall the location of certain sections in the auditors report.
• Recognize the categorization of an adverse opinion.
• Identify a change that SAS No. 136 makes to the limited-scope ERISA audit.
• Recognize one of the changes made by AU-C 703 to ERISA audits.
• Recall the reporting requirement when an auditor obtains other information in an audit.
• Identify a reference that is made in the new definition of materiality.
• Recognize the definition of certain types of paragraphs made by SAS No. 139.
• Recognize an example of an attribute of information obtained as audit evidence per SAS No. 142.
• Identify an attribute of audit evidence referenced in SAS No. 142.
• Identify how inherent and control risk should be assessed under the SAS No. 143 requirements.
• Recall the three approaches that an auditor can use to perform further audit procedures required by SAS No. 143.
• Identify a change made by SSAE No. 19.
• Recognize one of the four types of engagements within SSAE No. 21s new definition of attestation engagement.
• Identify an example of subject matter that is within the scope of SSAE No. 22s review.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This chapter sketches a profile of the generation represented by Americans born from 1946 through 1964: baby boomers. After an overview of how todays middle-aged Americans are changing the stereotypes of the work world, personal lifestyles,
and family home-life, this chapter explores the possible perhaps even probable financial and lifestyle shortfalls boomers may encounter. The causes of the boomers dilemma, which are explored in Chapter 2 are many, and the approaches
to prevent financial, emotional, and personal trauma will not be simple; Chapter 3 outlines the creative strategies this forceful generation will devise to deal with this first-ever long-lived, massive cohort. The Planning Resources
at the end of each chapter offer helpful websites and other sources of information vital for forging ahead with the second half of life.

Topics include:

• Chapter 1: Reasons to Plan
• Chapter 2: Boomer's Impending Financial Squeeze
• Chapter 3: Decisions, Decisions

Learning Objectives:

After reading the course material, you will be able to:

• List the educational, financial, and emotional aspects of the typical boomer in their planning for a productive and stable second half of life;
• Recognize the changes to the concept of careers and lifestyle brought about by womens entrance and ascension in the American workforce;
• Recognize the revised needs and priorities of boomers as they prepare for the second half of life; and
• Recognize the changes to the workplace, market, and service sector instituted by the surge of older Americans in our culture.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Best practices for the accounts payable function are critical for those organizations concerned about their profitability. For poor practices result in excess cost, duplicate payments, increased processing expenses, fraud, and frayed
vendor relationships. And, of course, there is the growing issue of regulatory compliance as the Feds and states look for their fair share.

This course presents information the professional can use to identify best practice problems as well as regulatory concerns. Industry expert Mary Schaeffer explains the issues related to the accounts payable function to auditors,
controllers, and managers. She then reveals the best practices for a myriad of these issues as well as identifying almost best practices for those cases where it is not possible to use the best practice and the worst practices
which are likely to cause trouble.

Topics include:

• Chapter 1: Managing the AP Function
• Chapter 2: Master Vendor File
• Chapter 3: Invoice Processing
• Chapter 4: Invoice Problems
• Chapter 5: Checks
• Chapter 6: ACH (Electronic Payments)
• and much more to cover.... through Chapters 7-22

Learning Objectives:

After reading the course material, you will be able to:

• Establish strong master vendor file practices
• Incorporate appropriate segregation of duties into master vendor file process
• Create effective invoice receipt practices
• Construct best practice invoice handling routines
• Define effective practices when short-paying invoices
• Establish a process for managing discrepant invoices
• Design a suitable process for storing check stock
• Understand the benefit of paying electronically
• Develop a process to weed out fraudulent change of bank account requests
• Develop strong controls in a p-card program
• Identify ways to pay small-dollar invoices without issuing a check
• Identify lost funds through an effective supplier statement review policy
• Integrate the concept of segregation of duties across the payment process
• Uncover practices that will eliminate weak control points
• Understand the importance of having a separate computer for online banking
• Integrate check fraud prevention practices into the accounts payable process
• Create a strong travel and entertainment policy the is compliant with IRS guidelines for the entire organizations
• Develop policies for handling travel issues created when employees leave
• Understand what is required for information reporting to the IRS for independent contractors
• Integrate the use of IRS TIN Matching into the new vendor setup function
• Create a policy that will enable the organization to report and remit unclaimed property in all instances
• Incorporate regular OFAC checking into the payment process to ensure payments are not made to terrorists
• Identify potential situations where payment may actually be a bribe to a foreign official in conflict with FCPA regulations
• Understand how payment timing can both help and hurt the organization
• Create procedures to ensure all early payment discounts are earned

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Climate change and sustainability are topics that are increasingly on the minds of investors and other stakeholders. Companies are increasingly subject to nonfinancial reporting requirements relating to environmental, social, and governance
factors. For example, sustainability reporting requirements are increasingly impacting the investment and lending activities of global financial institutions. Investors now expect businesses to frame decisions in terms of environmental,
social, and human impact for the long-term, rather than on short-term gains such as next quarter's earnings report. This course reviews the prevailing sustainability reporting and non-financial reporting frameworks.

This course also reviews the accounting for climate change risks under the U.S. Generally Accepted Accounting Principles (U.S. GAAP) and International Financial Reporting Standards (IFRS). While these Standards do not cover climate change
risks and other emerging risks explicitly, they do address issues that relate to them. This course reviews the application of those Standards and the related guidance on materiality to climate and other emerging risks.

Topics Covered:

• CHAPTER 1 CLIMATE CHANGE AND THE ECONOMY
• CHAPTER 2 SUSTAINABILITY DISCLOSURES
• CHAPTER 3 CLIMATE CHANGE ACCOUNTING

Learning Objectives:

After reading the course material, you will be able to:

• Identify the potential economic impacts and financial risks of climate change.
• Recognize disclosure practices that are consistent with leading sustainability reporting frameworks.
• Identify areas of accounting and financial statement disclosures that are impacted by climate-related and other emerging risks.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity.
The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental
audit reports, professional qualifications for auditors, and audit organization quality control.

This course will describe when the Yellow Book standards must be applied. This course will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work. This course will identify the categories
of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations. Finally, this course will identify the ethical principles that guide the work of auditors who conduct engagements
in accordance with GAGAS.

Topics include:

• Chapter 1: Foundation and Principles for the Use and Application of Government Auditing Standards
• Chapter 2: General Requirements for Complying with Government Auditing Standards
• Chapter 3: Ethics, Independence, and Professional Judgment
• Chapter 4: Competence and Continuing Professional Education

Learning Objectives:

After reading the course material, you will be able to:

• Identify the types of auditors and audit organizations that may employ GAGAS to conduct their work,
• Recognize the types of engagements that may be conducted in accordance with GAGAS, and
• Identify terminology that is commonly used in GAGAS.
• Identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.
• Identify the ethical principles that guide the work of auditors who conduct engagements in accordance with GAGAS.
• Recognize the purpose of applying the GAGAS Conceptual Framework.
• Recognize that action that must be taken by auditors if they conclude that the independence of the engagement team or the audit organization is impaired.
• Identify the individuals that have a role in an audit engagement.
• Identify the number of CPE hours that must be completed in a 2-year period in order to maintain their professional competence.
• Recognize the requirements related to specialists using during an audit.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Commonly referred to as white collar crime, corporate fraud is those illegal acts that are characterized by deceit, concealment, or violation of trust and which are not dependent upon the application or threat of physical force or
violence. These acts are committed by individuals and organizations to obtain money or services or to secure personal or business advantage. This course will recap several actual cases of corporate fraud as presented by the Federal
Bureau of Investigations (FBI) and the U.S. Department of Justice (DOJ).

Topics include:

• The Fraud Deterrence Initiative
• Significant Cases Reported by the FBI
• Significant Cases Reported by the Dept. of Justice
• Working with the F.B.I.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the Fraud Deterrence Initiative and the story behind how it got started
• Identify the various corporate fraud cases which the FBI and DOJ have prosecuted.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

As the primary agency investigating corporate fraud, the FBI has focused its efforts on cases which involve accounting schemes, self-dealing by corporate employees, and obstruction of justice to conceal fraudulent activities from criminal
and regulatory authorities.

This course will review the efforts being made by the FBI and several other federal corporate crime busting governmental bodies within the United States to prevent fraud.

Topics include:

• The President of the United States
• Sarbanes Oxley Act of 2002 (SOX)
• The Security and  Exchange Commission (SEC)
• The Fraud Section of the Dept. of Justice
• F.B.I
• Office of the Chief Accountant
• The Association of the Certified Fraud Examiners (ACFE)
• The American Institute of CPA (AICPA)
• SAS 99

Learning Objectives:

After reading the course material, you will be able to:

• Recognize some of the major organizations who have been working diligently to eliminate corporate fraud in the U.S.
  
• Recognize the national statistics regarding corporate fraud in the United States.
• List the general characteristics of the people who are most likely to commit fraud and how to better identify them as well as the most common types of fraudulent activities which are occurring in corporations today.
• List the various types of schemes used to perpetrate misstatements on the financial statements and misappropriation of assets.

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Security experts estimate that as many as 30 percent of all employees do steal and that another 60 percent will steal if given sufficient motive and opportunity. The current economic hard times only add to the temptation of personnel
to take what does not belong to them. This means that it is estimated that only 10 percent of employees will not steal under any circumstances.

The least expensive way to fight corporate fraud within your organization or those of your clients is to be aware of the statistics surrounding its occurrence and then use that knowledge to put processes and procedures into place which
will aid in preventing its occurrence. In this course, you will be provided with several statistics which should help you meet this goal.

Following the statistical analysis, you will be provided with the ACFE Fraud Prevention Check-up in order to assess the vulnerability of your organization or those of your clients to corporate fraud.

Topics include:

• Why Should We Be Aware of Statistics?
• F.B.I.
• Corporate Fraud Task Force
• S.E.C.
• The Association of Certified Fraud Examiners
• How Vulnerable is your Corporation or Clients?

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the financial cost of fraud.
• Recognize the most common method in which fraud is reported according to ACFE statistical studies.
• Recognize why fraud is not always reported by executives and the chief reasons why even CPAs do not always want to participate with law enforcement officers while investigating a fraud incident.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The purpose of this course is to inform the reader of the various changes to accounting and financial reporting affecting the accounting professional. Topics include a review of FASB projects including those related to financial performance, leases, and financial instruments, practice issues involving the statement of cash flows, fair value reporting, pensions, the international convergence project, little GAAP, and more. The structure of the course is to encourage the reader to recall existing GAAP rules coupled with identifying, stating, and outlining rules related to new and proposed pronouncements.

The course also discusses accounting and financial reporting issues related to COVID-19.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize a reason why public companies over disclose in their notes to financial statements.
• Identify a proposed change to the statement of cash flows.
• Recall the definition of free cash flow.
• Recognize some of the key ratios used to analyze working capital.
• Identify some of the symptoms of inefficiently managed working capital.
• Recognize one of the characteristics of a multi-employer pension plan
  
• Recognize the impact that life expectancy has on the amount of pension liability.
• Identify the shift in the types of retirement plans over the past decade.
• Recall the types of assets and liabilities found in Level 1 of the fair value hierarchy.
• Recognize the type of information that is used to estimate credit losses under ASU 2016-13.
• Recognized key changes found in the new lease standard.
• Identify how a lessee recognizes a lease liability under the new lease standard.
• Identify potential impacts from implementing the new lease standard.
• Recognize the general structure of the FASB Accounting Standards Codification (ASC).
• Recall the general GAAP rule for managements evaluation of going concerned.
• Identify a concentration of risk that might require disclosure.
• Recall how LIFO should be valued under GAAP.
• Identify how to record the forgiveness of a PPP loan on the financial statements.
• Recognize how net operating losses are treated under the CARES Act.
• Recognize how to present deferred income taxes on the balance sheet under ASU 2015-17.
• Recognize when a state might be able to charge sales tax under the Wayfair decision.
• Identify some unusual transactions and how they are recorded on the statement of cash flows.
• Recognize the types of arrangements that qualify the private company accounting alternative election related to goodwill amortization and acquisitions.
• Recognize the accounting alternative for leases under common control in ASU 2018-17.
• Identify the impairment test for goodwill under ASU 2017-04.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Travel expenses are, for many organizations, their second-largest controllable expense. This is just one of the reasons why every organization must have a strong policy that governs these expenditures. That being said, the number of
problems that continue to plague many companies when it comes to expense reimbursements defies logic. There has to be a better way.

In this course, industry expert Mary Schaeffer takes a look at some of the more common problems experienced by companies related to employees, expense reimbursement requests. She not only identifies the issues, but offers solutions
on how best-practice companies minimize these problems and, in some cases, eliminate them.

Learning Objectives:

After reading the course material, you will be able to:

• Create processes for dealing with illegible receipts
• Develop a policy for dealing with reimbursement requests for items clearly not covered in the policy
• Identify strategies for dealing with managers who take too long to approve employees expense reimbursement requests
• Create practices to deal with conflicts around the reimbursement process
• Pinpoint areas employees are most likely to cheat on their expense reports

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

A derivative is a financial product that derives its value based on an underlying asset, liability, or other variables (such as an interest rate, foreign currency, or commodity price). Derivatives have become very popular tools for
“hedging” (i.e. reducing) financial risk; they have also become an increasingly standard item on big companies' balance sheets. Yet understanding how they work, what they are used for, and how they can affect the bottom line of
business has proven to be a significant challenge for the accounting and auditing industries.

Topics include:

• This course provides an accountant-friendly overview of financial risk management and derivative instruments.
• This overview focuses on the various types of risks that impact financial markets today, as well as the four major categories of derivatives commonly used to hedge these risks (i.e. forwards, futures, swaps, and options).

Learning Objectives:

After reading the course material, you will be able to:

• Define the various types of risks that impact financial markets.
• Identify the unique characteristics of forwards, futures, swaps, and options.
• Recognize appropriate hedging practices using derivative instruments.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Economic indicators are those often-voluminous statistics released by government agencies, non-profit organizations, and even private companies. They provide measurements for evaluating the health of our economy, including the latest
business cycles, consumer spending, inflation, housing, and so on. Various economic indicators are released quarterly, monthly, weekly, and even daily.

This course provides an introductory overview of the worlds most prevalent economic indicators, including those related to unemployment, consumer sentiment and confidence, inflation, productivity, housing, manufacturing, and international
trade. This course reviews the impact that changes in these indicators have on the financial markets and monetary policy.

Topics include:

• Chapter 1 Economic Indicators and Business Cycles
• Chapter 2 Financial Markets and Interest Rates
• Chapter 3 GDP and Monthly Indicators
• Chapter 4 Federal Reserve and Monetary Indicators
• Chapter 5 Unemployment and Consumer Indicators
• Chapter 6 Inflation and Productivity Indicators
• Chapter 7 Industrial and Commercial Indicators
• Chapter 8 International Trade Indicators

Learning Objectives:

After reading the course material, you will be able to:

• Identify the types of economic indicators that exist and recognize the unique characteristics of each type.
• Recognize the characteristics and economic impact of key economic indicators, including those related to unemployment, consumer sentiment and confidence, inflation, productivity, housing, manufacturing, and international trade.
• Identify the components of gross domestic product (GDP) and recognize how economic indicators impact these components.
• Recognize how changes in economic indicators and the actions of the Federal Reserve impact financial market activity.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Technology is making a huge impact on every facet of the business world. The expense reporting function is no exception. It is making it easier for employees to play games but at the same time, it provides companies the tools they
need to identify that game playing without spending a fortune.

Topics include:

• This course takes a deep dive into the developing expense reporting issues and reveals the way savvy companies can effectively deal with them.
• The issues evaluated in this course are critical to those who want to run a cost-effective, efficient, fraud-resistant expense reimbursement function.

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

An exchange-traded fund (ETF) is a basket of securities designed to replicate the performance of a stock or bond index (e.g., S and P 500 Index or Lehman Brothers 20+ Years. Treasury Index.) ETFs are listed on an exchange, and unlike regular open-end mutual funds, ETFs can be bought and sold throughout the trading day. They can also be sold short and bought on margin. In brief, anything you might do with a stock, you can do with an ETF. Most ETFs also charge lower annual expenses than even the least costly index mutual funds. However, as with stocks, investors must pay a commission to buy and sell ETF shares.

In contrast to most mutual funds, ETFs have no investment minimums. Investors can literally buy a single share of an ETF in the secondary market through their broker (an online broker or the traditional type).

All the above features have led to the rapid growth of ETFs since the first offering came to fruition in 1993. An increasing number of financial professionals, including CPAs, are turning their attention to this unique breed of investment products. As such, this course will provide you with a thorough understanding of exchange-traded funds.

Topics include:

• As such, this course will provide you with a thorough understanding of exchange-traded funds.
• We will cover the manner in which ETFs are created and offered to investors.
• We will take a more comprehensive look at the key features of ETFs and how they stack up to comparable products, such as index mutual funds, including in such areas as tax advantages.
• We will also feature some of the biggest, as well as the most popular, ETF offerings and the companies that offer them.
• Most importantly, we will provide you with information on useful tools and resources, which you can use to further research and utilize exchange-traded funds in your practice.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the evolution of ETFs.
• Identify the key advantages and drawbacks to investors of ETFs.
• Recognize the most notable ETFs on the market.
• Identify the resources that you can utilize to incorporate ETFs into your practice.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Numerous FASB Standards have been issued requiring certain items to be measured and reported at “fair value” on the Balance Sheet. Prior to the release of ASC 820 Fair Value Measurements and Disclosures (formerly known as SFAS 157), the concept of fair value had never been formally defined in U.S. accounting literature. Since its issuance in September 2006, ASC 820 has become one of the most controversial accounting standards ever released.

This course provides a conceptual review of fair value accounting, as outlined in ASC 820 and other U.S. accounting standards. This course will also provide an overview of the authoritative guidance for auditing fair value measurements and disclosures, SAS No. 101.

Topics include:

• Chapter 1: THE EVOLUTION OF FAIR VALUE
• Chapter 2: MEASUREMENT
• Chapter 3: VALUATION TECHNIQUES AND INPUTS
• Chapter 4: AUDITING FAIR VALUE MEASUREMENTS AND DISCLOSURES
• Chapter 5: THE FAIR VALUE OPTIONS
• Chapter 6: THE FAIR VALUE CONTROVERSY

Learning Objectives:

After reading the course material, you will be able to:

• Define ‘fair value’ and explain the fair value framework and hierarchy included in ASC 820 Fair Value Measurements and Disclosures.
• Identify the roles that management and the auditor have in the fair value measurement process.
• Recognize the key aspects of the fair value option.
• Recognize the limitations of fair value accounting.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The purpose of this course is to inform the reader of the various changes affecting accounting and financial reporting, as well as a review and recall of existing accounting standards. Topics include a summary of newly issued FASB statements, current and pending developments, the new lease standard, practice issues, a discussion of accounting and financial reporting issues related to COVID-19, the CARES Act and PPP loans, accounting and disclosures for the Employee Retention Credit (ERC) and Pass-Through Entity (PTE) tax, and more.

TOPICS COVERED:

• CHAPTER 1: Implementing the New Lease Standard- 2022 ASU 2016-02 Leases (Topic 842) and Other Amendments
• CHAPTER 2: Accounting and Financial Reporting for COVID-19, the CARES Act, and PPP Loans 2022 Edition
• CHAPTER 3: Accounting and Disclosures for the Employee Retention Credit (ERC)and the Pass-Through Entity (PTE) Tax-2022 Edition
• CHAPTER 4: ASU 2016-13 Financial Instruments – Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments-2022
• CHAPTER 5: Current Developments - Accounting and Financial Reporting- 2022
• CHAPTER 6: Selected Accounting Standards Updates (ASUs)2022

Learning Objectives:

After reading the Chapter 1 course material, you will be able to:

• Recognize a key change made to GAAP by the new lease standard
• Identify a type of lease that exists for a lessee under ASU 2016-02
• Recall a type of lease for which the ASU 2016-02 rules do not apply
• Recognize some of the criteria that determine whether a contract is or is not a lease
• Identify how a lessee should account for initial direct costs
• Recall how a lessor should initially account for initial direct costs for a lease in certain instances
• Identify how a lessor should account for lease payments received on the income statement for an operating lease
• Recognize how certain existing leases are accounted for on the implementation date of ASU 2016-02
• Recall the potential impact that the new lease standard might have on a lessees EBITDA and debt-equity ratios.

After reading the Chapter 2 course material, you will be able to:

• Recognize some types of concentrations that might require disclosure under the risk and uncertainty rules including supply-chain shortages
• Identify the definition of near term
• Recall the frequency in which an entity should test goodwill for impairment
• Recognize some exit and disposal costs
• Recall how to classify business interruption insurance proceeds on the financial statements
• Identify the benchmark used to determine a going concern
• Identify a method that can be used to measure variable consideration revenue
• Recognize an example of a construction-type contract
• Identify an advantage of a remote accounting function
• Recall how to adjust a deferred tax account when there is a change in tax law
• Recognize a change made by the CARES Act to the deductibility of interest
• Recognize how to account for PPP loan forgiveness
• Identify how to treat the forgiveness of a PPP loan for tax purposes

After reading the Chapter 3 course material, you will be able to:

• Recognize the type of expense that is the basis for measuring the amount of the ERC.12
• Identify where to present the ERC in the statement of income using the ASC 958 conditional contribution model
• Recognize where to present the ERC in the statement of income using the IAS 20 grant model
• Identify an action step to be taken to correct the previous presentation and disclosure of an ERC in the prior year's statement of income.
• Recognize the proper presentation of the ERC in a tax-basis statement of income
• Recognize a technique that has been attempted to circumvent the SALT deduction limitation
• Identify how to account for the PTE tax in an entity’s financial statements
• Recognize the requirements for recording deferred state income taxes concerning the PTE tax election
• Identify disclosures that should be made for the PTE tax

After reading the Chapter 4 course material, you will be able to:

• Recognize the model that ASU 2016-13 uses to deal with credit losses
• Identify how credit losses should be recorded under new ASU 2016-13
• Identify some of the disclosures required by ASU 2016-13

After reading the Chapter 5 course material, you will be able to:

• Identify the elements that are the target of the FASBs disaggregation project
• Recognize one of the characteristics of a multi-employer pension plan
• Recognize the impact that life expectancy has on the amount of a pension liability
• Identify the basic rule of the LIFO Conformity Requirement
• Recognize how the IPIC external index for LIFO is used for GAAP
• Recall the type of investment that is eliminated by ASU 2016-01
• Identify when a sustainability disclosure is required by an SEC company
• Recognize an example of a contract that is exempt from the scope of the revenue standard
• Identify one of the two approaches that are used to recognize revenue using the new revenue standard
• Recall a change to the accounting for the goodwill that is proposed by the FASB
• Recognize how to present deferred income taxes on the balance sheet under ASU 2015-17
• Recognize the basis that most marijuana businesses have to use
• Recognize when a state might be able to charge sales tax under the Wayfair decision

After reading the Chapter 6 course material, you will be able to:

• Identify the private company election to perform a triggering event evaluation
• Recognize the types of arrangements that qualify for the private company accounting alternative election related to goodwill amortization and acquisitions
• Recognize the accounting alternative for leases under common control in ASU 2018-17

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The purpose of this course is to inform the reader of the various changes affecting accounting and financial reporting, as well as a review and recall of existing accounting standards. Topics include a summary of newly issued FASB statements, current and pending developments, the new lease standard, practice issues, a discussion of accounting and financial reporting issues related to COVID19, the CARES Act and PPP loans, accounting, and disclosures for the Employee Retention Credit (ERC) and Pass-Through Entity (PTE) tax. The course also addresses new statements issued by the Auditing Standards Board, changes in compilation and review standards, and more.

Topics include:

• Implementing the New Lease Standard- 2022 ASU 2016-02 Leases (Topic 842) and Other Amendments
• Accounting and Financial Reporting for COVID-19, the CARES Act and PPP Loans 2022 Edition
• Accounting and Disclosures for the Employee Retention Credit (ERC) and the Pass-Through Entity (PTE) Tax- 2022 Edition.
• ASU 2016-13 Financial Instruments Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments-2022
• Current Developments- Accounting and Financial Reporting- 2022
• Selected Accounting Standards Updates (ASUs) 2022
• SSARS No. 25 Materiality in a Review of Financial Statements and Adverse Conclusions
• New Auditing Standards: SAS Nos. 134-145

Learning Objectives:

After reading the Chapter 1 course material, you will be able to:

• Recognize a key change made to GAAP by the new lease standard
• Identify a type of lease that exists for a lessee under ASU 2016-02
• Recall a type of lease for which the ASU 2016-02 rules do not apply
• Recognize some of the criteria that determine whether a contract is or is not a lease
• Identify how a lessee should account for initial direct costs
• Recall how a lessor should initially account for initial direct costs for a lease in certain instances
• Identify how a lessor should account for lease payments received on the income statement for an operating lease
• Recognize how certain existing leases are accounted for on the implementation date of ASU 2016-02
• Recall the potential impact that the new lease standard might have on a lessees EBITDA and debt-equity ratios.

After reading the Chapter 2 course material, you will be able to:

• Recognize some types of concentrations that might require disclosure under the risk and uncertainty rules including supply-chain shortages
• Identify the definition of near term
• Recall the frequency in which an entity should test goodwill for impairment
• Recognize some exit and disposal costs
• Recall how to classify business interruption insurance proceeds on the financial statements
• Identify the benchmark used to determine a going concern
• Identify a method that can be used to measure variable consideration revenue
• Recognize an example of a construction-type contract
• Identify an advantage of a remote accounting function
• Recall how to adjust a deferred tax account when there is a change in tax law
• Recognize a change made by the CARES Act to the deductibility of interest
• Recognize how to account for PPP loan forgiveness
• Identify how to treat the forgiveness of a PPP loan for tax purposes

After reading the Chapter 3 course material, you will be able to:

• Recognize the type of expense that is the basis for measuring the amount of the ERC. 13
• Identify where to present the ERC in the statement of income using the ASC 958 conditional contribution model.
• Recognize where to present the ERC in the statement of income using the IAS 20 grant model.
• Identify an action step to be taken to correct the previous presentation and disclosure of an ERC in the prior year's statement of income.
• Recognize the proper presentation of the ERC in a tax-basis statement of income.
• Recognize a technique that has been attempted to circumvent the SALT deduction limitation.
• Identify how to account for the PTE tax in an entitys financial statements.
• Recognize the requirements for recording deferred state income taxes concerning the PTE tax election.
• Identify disclosures that should be made for the PTE tax.

After reading the Chapter 4 course material, you will be able to:

• Recognize the model that ASU 2016-13 uses to deal with credit losses
• Identify how credit losses should be recorded under the new ASU 2016-13
• Identify some of the disclosures required by ASU 2016-13

After reading the Chapter 5 course material, you will be able to:

• Identify the elements that are the target of the FASBs disaggregation project
• Recognize one of the characteristics of a multi-employer pension plan
• Recognize the impact that life expectancy has on the amount of a pension liability
• Identify the basic rule of the LIFO Conformity Requirement
• Recognize how the IPIC external index for LIFO is used for GAAP
• Recall the type of investment that is eliminated by ASU 2016-01
• Identify when a sustainability disclosure is required by an SEC company
• Recognize an example of a contract that is exempt from the scope of the revenue standard
• Identify one of the two approaches that are used to recognize revenue using the new revenue standard
• Recall a change to the accounting for the goodwill that is proposed by the FASB
• Recognize how to present deferred income taxes on the balance sheet under ASU 2015-17
• Recognize the basis that most marijuana businesses have to use
• Recognize when a state might be able to charge sales tax under the Wayfair decision

After reading the Chapter 6 course material, you will be able to:

• Identify the private company election to perform a triggering event evaluation
• Recognize the types of arrangements that qualify for the private company accounting alternative election related to goodwill amortization and acquisitions
• Recognize the accounting alternative for leases under common control in ASU 2018-17

After reading the Chapter 7 course material, you will be able to:

• Recognize a precondition for an accountant to accept an SSARS engagement
• Recall whether the preparation of financial statements standard is an attest or non attest service 14
• Identify whether a report is required in the preparation of financial statements engagement
• Recognize what the reporting requirements are, if any when a "no assurance" legend is omitted from prepared financial statements under the AR-C 70 standards
• Identify where to disclose GAAP departures in the preparation of financial statements engagement
• Identify factors that should consider in determining materiality in a review engagement
• Recognize a change that SSARS No. 25 makes to the accountants review report
• Identify the term that GAAP uses for managements assessment of an entitys going concerned
• Recall some of the items that should be documented in a review engagement

After reading the Chapter 8 course material, you will be able to:

• Identify a suggestion for an auditor to reduce time and increase audit efficiency
• Recognize when negative accounts receivable confirmations should not be used
• Identify the form of a comfort letter that would be appropriate for an accountant to make to a lender
• Recall the rule for an auditor presenting his or her city and state on the audit report
• Identify the rules for an auditor communicating deficiencies found in an audit
• Recognize an example of a result that can occur if there is a problem with a DOL employee benefit plan audit
• Identify a type of fraudster
• Recall the location of certain sections in the auditors report
• Recognize the categorization of an adverse opinion
• Identify a change that SAS No. 136 makes to the limited-scope ERISA audit
• Recognize one of the changes made by AU-C 703 to ERISA audits
• Recall the reporting requirement when an auditor obtains other information in an audit
• Identify a reference that is made in the new definition of materiality
• Recognize the definition of certain types of paragraphs made by SAS No. 139
• Recognize an example of an attribute of information obtained as audit evidence per SAS No. 142
• Identify how inherent and control risk should be assessed under the SAS No. 143 requirements
• Recall the three approaches that an auditor can use to perform further audit procedures required by SAS No. 143
• Identify some instances in which an auditor may conclude that a specialists work is not adequate
• Identify a type of risk assessment procedure that an auditor can use per SAS No. 145

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.

This course will identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS. Finally, this course will describe what must be included and what must be excluded from an audit report.

Learning Objectives:

After reading the course material, you will be able to:

• Identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS.
• Recognize the five components of internal control.
• Identify conditions that indicate a heightened risk of fraud.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to review the impact that COVID-19 has on accounting and financial reporting, and the changes made by the CARES Act and the Consolidated Appropriations Act, 2021, including accounting for Paycheck Protection
Program (PPP) loans and forgiveness. 

The course also discusses the accounting for PPP loans and forgiveness, the accounting for tax changes made by the CARES Act and Consolidated Appropriations Act, and more.

Topics include:

• Disclosures of risks and uncertainties
  
• Impairment issues related to goodwill and other long-lived assets 
• Accounting for variable consideration revenue and onerous contracts
• Dealing with inventory costs and stock market investment losses
• Collectability of trade receivables
• Loan modification
• Dealing with business interruption insurance.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize some types of concentrations that might require disclosure under the risk and uncertainty rules including supply-chain shortages
• Identify the definition of near term
• Recall the frequency in which an entity should test goodwill for impairment
• Identify a method that can be used to measure variable consideration revenue
• Recognize an example of a construction-type contract subject to the onerous contract rules
• Recognize how to account for PPP loan forgiveness, and
• Identify how to treat the forgiveness of a PPP loan for tax purposes.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

If you are working in the forensic accounting field at some time in your career it may be necessary to search for hidden assets. This course is designed to review why people hide assets and how they commonly hide them. We will discuss the methods for searching for hidden assets as part of a forensic accounting engagement and how to confiscate the assets once they are located. We will also review some of the legal issues involved with searching for and seizing assets.

This course is appropriate for CPAs, CFEs, external auditors, internal auditors, CIAs, forensic accounts, CFFs, MAFFs, law enforcement personnel, and others who might be involved in searching for hidden assets.

Learning Objectives:

After reading the course material, you will be able to:

• Identify methods for finding hidden assets
• Identify methods for finding hidden income

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

As fraud has evolved over the years the controls and procedures to prevent and detect fraud have also evolved. This course will consider the significant impact of fraud and the measures that have occurred to address fraud, particularly white-collar crime. The United States government's response to events and situations involving fraudulent activity will be looked at along with the consequences for committing fraud.

Topics include:

• The effectiveness of an organizations internal control system plays an important role in fraud.
• The recently updated Internal Control-Integrated Framework provides valuable information for organizations of all sizes to consider sound actions to deter and detect fraud.
• Examples of fraud risks will be reviewed along with steps that can be implemented as part of an anti-fraud program.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the impact of fraud.
• Identify government actions taken to address fraud.
• Identify the components of internal control.
• Recognize the fraud risk assessment process.
• Recognize fraud risk factors.
• Identify controls that address the risk of fraud.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Understanding the fundamentals of the accounts payable function is critical for any organization that wants to run an effective and efficient accounts payable function. Without this understanding, weak processes are permitted making fraud easier to commit. Duplicate payments increase and the function is not cost-effective.

This course presents information the professional can use to create a strong process and implement an effective function.

Industry expert Mary Schaeffer shows auditors, controllers, and managers how proper processes in the accounts payable function strengthen controls and lead to efficient and effective accounts payable function.

Topics include:

• Chapter 1: The Foundation of the Accounts Payable Function
• Chapter 2: Master Vendor File: Where the Process Should Begin
• Chapter 3: Invoice Processing: The Reason Accounts Payable Exists
• Chapter 4: Checks: The Original (and Least Efficient) Payment Vehicle
• Chapter 5: Purchase Cards: Streamlining the Payment Process for Small Purchases
• Chapter 6: Electronic Payments: The Most Efficient Payment Vehicle
• Chapter 7: Operational Issues: Invoice Handling and Processing
• Chapter 8: Operational Issues: Payments
• Chapter 9: Inaccurate Payments and Payment Auditing
• Chapter 10: Expense Reimbursement (Travel & Entertainment)
• Chapter 11: Check and P-card Payment Fraud: Detection and Prevention
• Chapter 12: Electronic Payment Fraud Detection and Prevention
• Chapter 13: Fraud: Other Types Affecting the Account Payable Function
• Chapter 14: The Accounts Payable Policy and Procedures Manual
• Chapter 15: Regulatory Issues Affecting the AP Function: A Lot More than Just 1099s
• Chapter 16: Using Technology to Run a More Efficient Accounts Payable Function
• Chapter 17: Internal Controls: The Glue that Holds a Best Practice Function Together
• Chapter 18: Enhancing Operational Productivity in Accounts Payable: The Ongoing Challenge
• Chapter 19: Enhancing Payment Productivity: The Electronic Payment Challenge
• Chapter 20: Enhancing the Bottom Line: Where AP Can Bring in Cash
• Chapter 21: Vendor Relations: An Often-Overlooked Issue
• Chapter 22: The Future of the Accounts Payable Function

Learning Objectives:

After reading the course material, you will be able to:

• Understand why setting up the accounts payable function correctly is important
• Detect potential problems when payments are made outside accounts payable
• Build an effective naming convention
• Delineate an effective process for entering data in the master vendor file
• Establish effective controls around the master vendor file
• Create an effective process for the receipt of invoices
• Identify duplicate invoices
• Construct new procedures for emailed invoices
• Understand and identify the problems associated with paper checks
• Reduce the number of paper checks
• Build programs that will eliminate (or partially eliminate) paper checks
• Create an effective p-card policy
• Identify and eliminate common p-card complications
• Craft an employee responsibility agreement for use of p-cards
• Craft an electronic payment expansion program
• Produce procedures for dealing with discrepant invoices
• Identify duplicate invoices
• Craft an effective process for dealing with invoices without a PO number or name of the requisitioner
• Construct strong processes to avoid returning checks to requisitioners and issuing rush checks
• Eliminate all late fees
• Execute best practices when hiring a recovery firm
• Implement a travel policy that conforms to IRS guidelines
• Assemble a spot-checking policy for expense receipts
• Set reasonable reimbursement practices
• Use positive pay correctly
• Implement policies that deter p-card fraud
• Pinpoint misconceptions that deter proper fraud protection
• Employ best practices to prevent ACH and wire fraud
• Create a policy to deal with the BYOD issue
• Create an effective policy and procedures manual
• Establish a policy for updating the accounts payable policy and procedures manual on a regular basis
• Develop effective procedures for handling information reporting requirements related to accounts payable (1099)
• Establish procedures for checking for bribery violations
• Integrate low-cost technology to create a more efficient accounts payable process
• Incorporate appropriate segregation of duties into your accounts payable

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

In 2009, the FASB completed its Accounting Standards Codification which was published in FASB No. 168, The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles (FASB ASC 105). The Codification was effective for interim and annual periods ending after September 15, 2009.

With the Codification, the FASB had as its goal to consolidate U. S. GAAP into one system that can be more easily researched by topic, rather than by reference number. The Codification changes the citations for GAAP from the Financial Liabilities, has been codified into FASB ASC Topic 825, Financial Instruments.

In this course, the author has, in some instances, including the original U.S. GAAP reference (e.g., FASB No. 115) parenthetically along with the FASB ASC topic number under the Codification (e.g., FASB ASC 320).  For abbreviation purposes, the author uses the terms ASC, FASB ASC, and FASB ASC Topic, interchangeably

Learning Objectives:

This course is divided into two sections. The purpose of Section I is to review unusual reporting and disclosure issues that develop in practice including questions such as how to disclose life insurance, leases, catastrophes, agreements not to compete, and investments. Section II deals with how to disclose and present tax-basis financial statements. Most of the course is presented in a Q and A format.

After reading the Section 1 course material, you will be able to:

• Recall the accounting treatment for non-monetary exchanges
• Recognize the formula for measuring impairment of real estate
• Identify the accounting for different types of investments such as securities, investments using the equity method, and partnerships
• Recognize some of the disclosures required for trade receivables
• Recognize how FIFO inventory is valued under the new inventory rules
• Recall certain inventoriable costs
• Recall the GAAP rules to account for an intangible asset with a finite useful life
• Identify the accounting for environmental contamination costs
• Identify examples of costs associated with exit activities
• Recognize how an entity should account for revenue when treated as an agent
• Identify options to avoid having to maintain two depreciation schedules
• Recall how to account for certain lease arrangements
• Recognize how to account for certain transactions on the statement of cash flows
• Identify examples of group concentrations
• Recognize some of the results from the new net operating loss rules in tax reform
• Identify the basic accounting for fresh start reporting
• Identify how web development costs are accounted for during certain stages of development
• Recognize when an entity may elect the fair value option and identify some of the eligible items for which the option is available
• Recognize the basic rule for the liquidation basis of accounting

• Recognize some of the M-1 differences that do not apply to tax-basis financial statements
• Recognize how to account for an accounting change in tax-basis financial statements
• Recall how to account for and present nontaxable and nondeductible items in tax basic financial statements
• Identify the disclosure requirements for tax-basis financial statements
• Recognize the appropriate and inappropriate financial statement titles for tax-basis financial statements

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Most companies have at least a few customers who dont pay them on time. Unfortunately, for some, the problem is worse. They have many customers who dont pay them as quickly as they'd like. While it is definitely true that some of these organizations purposely drag their feet when it comes to the timing of payments, that is not always the case. In fact, many times the delay is due to something the supplier did (or didnt do) during the billing process. These are simple practices that could be easily rectified. This course contains the standard best practices every organization should use when trying to get paid on time as well as a look at the common mistakes that end in delaying payments. The information on these inopportune slip-ups comes from interviews with accounts payable professionals who shared their frustrations over these easily fixable oversights.

Learning Objectives:

After reading the course material, you will be able to:

• Identify common mistakes in your billing process that delay payments
• Create a clean billing process that produces error-free invoices
• Build an effective strategy ensuring you have all needed information on your invoices
• Pinpoint practices that unintentionally cause delays in payment
• Develop an effective strategy for creating a better relationship with the personnel at your customers who are responsible for making payments

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity.
The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits.

Topics include:

• The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.
• This course will describe when the Yellow Book standards must be applied.
• This course will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work.
• This course will identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize when the Yellow Book standards must be applied.
• Identify the new organization and format of the 2018 Yellow Book.
• Recognize the five areas that changed in the 2018 Yellow Book from the 2011 Yellow Book.
• Identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity.
The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits.

Topics include:

• The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.
• This course will describe when the Yellow Book standards must be applied.
• This course will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work.
• This course will identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize when the Yellow Book standards must be applied.
• Identify the new organization and format of the 2018 Yellow Book.
• Recognize the five areas that changed in the 2018 Yellow Book from the 2011 Yellow Book.
• Identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.

Topics include:

• This course will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work.
• This course will identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.
• This course will identify the requirements for auditor communication.
• This course will identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS.
• Finally, this course will describe what must be included and what must be excluded from an audit report.

Learning Objectives:

After reading the course material, you will be able to:

• Identify the types of auditors and audit organizations that may employ GAGAS to conduct their work,
• Recognize the types of engagements that may be conducted in accordance with GAGAS, and
• Identify terminology that is commonly used in GAGAS.
• Identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.
• Identify the requirements for auditor communication.
• Recognize the items that an auditor should include in the report on internal control and compliance.
• Identify what an auditor must-do if certain information is prohibited from public disclosure or is excluded from a report because of its confidential or sensitive nature.
• Recognize what an auditor must do when Obtaining and Reporting the Views of Responsible Officials.
• Identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS.
• Recognize the five components of internal control.
• Identify conditions that indicate a heightened risk of fraud.
• Recognize what must be included and what must be excluded from the audit report.
• Identify the requirements when reporting on instances of fraud.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.

This course will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work. This course will identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations. This course will identify the requirements for auditor communication. This course will identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS. Finally, this course will describe what must be included and what must be excluded from an audit report.

Topics include:

• Chapter 1: Foundation and Principles for the Use and Application of Government Auditing Standards
• Chapter 2: General Requirements for Complying with Government Auditing Standards
• Chapter 3: Standards for Financial Audits
• Chapter 4: Fieldwork Standards for Performance Audits
• Chapter 5: Reporting Standards for Performance Audits

Learning Objectives:

After reading the course material, you will be able to:

• Identify the types of auditors and audit organizations that may employ GAGAS to conduct their work,
• Identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.
• Recognize the items that an auditor should include in the report on internal control and compliance.
• Identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS.
• Recognize what must be included and what must be excluded from the audit report.
• Identify the requirements when reporting on instances of fraud.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.

This course will describe when the Yellow Book standards must be applied. This course will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work. This course will identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations. This course will identify the ethical principles that guide the work of auditors who conduct engagements in accordance with GAGAS. This course will identify the individuals that have a role in an audit engagement. This course will Recognize the methods for selecting individuals of integrity who have the capacity to develop the competence and capabilities necessary to perform the audit organizations work competently. This course will identify the requirements for auditor communication. This course will identify the three levels of service as identified by the AICPA. This course will identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS. Finally, this course will describe what must be included and what must be excluded from an audit report.

Topics include:

• Chapter 1: Foundation and Principles for the Use and Application of Government Auditing Standard
• Chapter 2: General Requirements for Complying with Government Auditing Standards
• Chapter 3: Ethics, Independence, and Professional Judgment
• Chapter 4: Competence and Continuing Professional Education
• Chapter 5: Quality Control and Peer Review
• Chapter 6: Standards for Financial Audits
• Chapter 7: Standards for Attestation Engagements and Reviews of Financial Statements
• Chapter 8: Fieldwork Standards for Performance Audits
• Chapter 9: Reporting Standards for Performance Audits

Learning Objectives:

After reading the course material, you will be able to:

• Identify the types of auditors and audit organizations that may employ GAGAS to conduct their work.
• Identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.
• Recognize that action that must be taken by auditors if they conclude that the independence of the engagement team or the audit organization is impaired.
• Identify the number of CPE hours that must be completed in a 2-year period in order to maintain their professional competence.
• Recognized the methods for selecting individuals of integrity who have the capacity to develop the competence and capabilities necessary to perform the audit organizations work competently.
• Identify what an auditor must-do if certain information is prohibited from public disclosure or is excluded from a report because of its confidential or sensitive nature.
• Identify the three levels of service as defined by the AICPA.
• Recognize the five components of internal control.
• Recognize what must be included and what must be excluded from the audit report.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

International Financial Reporting Standards (IFRS) represent the international alternative to the U.S. Generally Accepted Accounting Principles. Most of the world already communicates with investors and stakeholders about corporate GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible.

Topics include:

• This course provides an introductory overview of International Financial Reporting Standards, including detailed discussions of the impact of adopting IFRS on businesses.
• This course also includes comprehensive reviews of the IASB structure and its standard-setting process, the basic framework that serves as the foundation for IFRS, and the differences that exist between U.S. GAAP and IFRS.

Learning Objectives:

After reading the course material, you will be able to:

• Define IFRS and recognize practices consistent with the due process followed when developing and issuing IFRS.
• Recognize the basic concepts by which financial statements are prepared under IFRS.
• Identify the primary differences between IFRS and U.S. GAAP and the efforts by the IASB and the FASB to eliminate these differences.
• Recognize the costs and benefits associated with adopting IFRS.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (IFRS). IFRS represents the global accounting principles that provide the foundation for most of the worlds financial reporting. These Standards establish the recognition, measurement, presentation, and disclosure requirements for transactions and events reflected in IFRS financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 1 of the IFRS Learning Module series provides a deep dive into the principles governing the presentation of financial statements under IFRS. This includes a review of the IASBs Framework, which addresses the concepts underlying the information presented in IFRS financial statements. It also includes detailed discussions of the IAS 1 Presentation of Financial Statements and IAS 7 Statement of Cash Flows. Finally, this course provides an in-depth look at the joint IASB/FASB project that will result in sweeping changes to financial statement presentation in the near future.

Topics include:

• Chapter 1: FRAMEWORK FOR THE PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS
• Chapter 2: INTRODUCTION TO IAS 1
• Chapter 3: IFRS FINANCIAL STATEMENTS
• Chapter 4: IASB and FASB JOINT PROJECT
• Chapter 5: Module Summary

Learning Objectives:

After reading the course material, you will be able to:

• Identify financial reports that are within the scope of the IASB Framework.
• Recognize practices that are consistent with the underlying assumptions and qualitative characteristics of financial statements prepared in accordance with the IASB Framework.
• Describe the characteristics of general purpose financial statements required under IFRS.
• Identify and classify the various elements of IFRS financial statements.
• Describe the IASB/FASB joint project on financial statement presentation and its impact on financial reporting.

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (IFRS). IFRS represents the global accounting principles that provide the foundation for most of the worlds financial reporting. These Standards establish the recognition, measurement, presentation, and disclosure requirements for transactions and events reflected in IFRS financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 2 of the IFRS Learning Module series presents an overview of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors and discusses the IASBs and FASBs efforts towards achieving convergence in these areas of financial reporting.

Topics include:

• Chapter 1: INTRODUCTION TO IAS 8
• Chapter 2: ACCOUNTING POLICIES
• Chapter 3: ACCOUNTING ESTIMATES
• Chapter 4: ACCOUNTING ERRORS
• Chapter 5: IFRS & U.S. GAAP CONVERGENCE

Learning Objectives:

After reading the course material, you will be able to:

• Properly classify accounting changes (i.e. changes in accounting policy, changes in accounting estimates, and error corrections) per the guidelines of IAS 8.
• Describe the recognition and disclosure requirements for each type of accounting change under IAS 8.
• Describe the similarities and differences between IFRS and U.S. GAAP in the area of accounting changes.

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (IFRS). IFRS represents the global accounting principles that provide the foundation financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 3 of the IFRS Learning Module series presents an overview of IAS 10 Events after the Reporting Period (a topic commonly referred to as subsequent events under U.S. GAAP) and discusses the IASBs and FASBs efforts towards achieving convergence in this area of financial reporting.

Topics include:

• Chapter 1: INTRODUCTION TO IAS 10
• Chapter 2: RECOGNITION AND MEASUREMENT
• Chapter 3: GOING CONCERN
• Chapter 4: DISCLOSURES
• Chapter 5: IFRS & U.S. GAAP CONVERGENCE

Learning Objectives:

After reading the course material, you will be able to:

• Define events after the reporting period per the guidelines of IAS 10.
• Describe the recognition and disclosure requirements for events after the reporting period under IAS 10.
• Describe the similarities and differences between IFRS and U.S. GAAP in the area of events after the reporting period (a.k.a. subsequent events).

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (IFRS). IFRS represents the global accounting principles that provide the foundation for most of the worlds financial reporting. These Standards establish the recognition, measurement, presentation, and disclosure requirements for transactions and events reflected in IFRS financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 4 of the IFRS Learning Module series presents an overview of IAS 2 Inventories, the accounting standard for classifying and measuring inventories in IFRS financial statements. This module also discusses the IASBs and FASBs efforts towards achieving convergence in this area of financial reporting.

Topics include:

• Chapter 1: INTRODUCTION TO IAS 2
• Chapter 2: INVENTORY CLASSIFICATIONS
• Chapter 3: INVENTORY SYSTEMS
• Chapter 4: MEASUREMENT OF INVENTORIES (PART 1)
• Chapter 5: MEASUREMENT OF INVENTORIES (PART 2)
• Chapter 6: MEASUREMENT OF INVENTORIES (PART 3)
• Chapter 7: DISCLOSURES
• Chapter 8: IFRS & U.S. GAAP CONVERGENCE

Learning Objectives:

After reading the course material, you will be able to:

• Identify major classifications of inventory.
• Distinguish between perpetual and periodic inventory systems.
• Describe the items to include as inventory cost.
• Describe and compare the formulas used to measure inventories in IFRS financial statements.
• Explain when reporting entities measure inventories at a net realizable value in IFRS financial statements.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (IFRS). IFRS represents the global accounting principles that provide the foundation for most of the worlds financial reporting. These Standards establish the recognition, measurement, presentation, and disclosure requirements for transactions and events reflected in IFRS financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 5 of the IFRS Learning Module series presents an overview of IFRS 8 Operating Segments; this overview includes a detailed discussion of the processes for identifying, aggregating, and reporting operating segments in IFRS financial statements. The course also discusses the IASBs and FASBs efforts towards achieving convergence in segment reporting.

Topics include:

• Chapter 1: INTRODUCTION TO IFRS 8
• Chapter 2: IDENTIFYING OPERATING SEGMENTS
• Chapter 3: IDENTIFYING AND AGGREGATING REPORTABLE SEGMENTS
• Chapter 4: DISCLOSURES (SEGMENT)
• Chapter 5: DISCLOSURES (ENTITY-WIDE)
• Chapter 6: IFRS & U.S. GAAP CONVERGENCE

Learning Objectives:

After reading the course material, you will be able to:

• Explains the process for identifying operating segments under IFRS 8.
• Identify reportable segments based on the guidelines and quantitative thresholds provided in IFRS 8.
• Describe the disclosure requirements of IFRS 8.
• Describe the similarities and differences between IFRS and U.S. GAAP in the area of segment reporting.

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (IFRS). IFRS represents the global accounting principles that provide the foundation for most of the worlds financial reporting. These Standards establish the recognition, measurement, presentation, and disclosure requirements for transactions and events reflected in IFRS financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 6 of the IFRS Learning Module series presents an overview of IAS 33 Earnings per Share; this overview includes a detailed discussion of the processes for calculating and reporting earnings per share measurements in IFRS financial statements. The course also discusses the IASBs and FASBs efforts towards achieving convergence in EPS reporting.

Topics include:

• Chapter 1: INTRODUCTION TO IAS 33
• Chapter 2: CAPITAL STRUCTURES
• Chapter 3: BASIC EARNINGS PER SHARE
• Chapter 4: DILUTED EARNINGS PER SHARE
• Chapter 5: PRESENTATION AND DISCLOSURE
• Chapter 6: IFRS & U.S. GAAP CONVERGENCE

Learning Objectives:

After reading the course material, you will be able to:

• Calculate basic and diluted earnings per share.
• Describe the presentation and disclosure requirements of IAS 33.
• Describe the similarities and differences between IFRS and U.S. GAAP in the area of earnings per share.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (IFRS). IFRS represents the global accounting principles that provide the foundation for most of the worlds financial reporting. These Standards establish the recognition, measurement, presentation, and disclosure requirements for transactions and events reflected in IFRS financial statements.

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.

Module 7 of the IFRS Learning Module series presents an overview of IAS 16 Property, Plant, and Equipment, the accounting standard for classifying and measuring property, plant, and equipment (also known as fixed assets) in IFRS financial statements. The course also discusses the IASBs and FASBs efforts towards achieving convergence in fixed assets reporting.

Topics include:

• Chapter 1: INTRODUCTION TO IAS 16
• Chapter 2: ACQUISITION OF PROPERTY, PLANT, AND EQUIPMENT
• Chapter 3: COSTS AFTER ACQUISITION
• Chapter 4: DEPRECIATION FACTORS
• Chapter 5: DEPRECIATION METHODS
• Chapter 6: IMPAIRMENTS
• Chapter 7: REVALUATIONS
• Chapter 8: DISPOSAL OF PROPERTY, PLANT, AND EQUIPMENT
• Chapter 9: DISCLOSURES
• Chapter 10: IFRS & U.S. GAAP CONVERGENCE

Learning Objectives:

After reading the course material, you will be able to:

• Explain the proper accounting treatment for acquisitions of property, plant, and equipment (and other associated costs) under IFRS.
• Calculate depreciation using the methods permitted under IAS 16.
• Describe the process for determining whether or not a long-lived asset is impaired under IAS 36.
• Distinguish between the cost and revaluation accounting models (as described in IAS16).
• Describe the similarities and differences between IFRS and U.S. GAAP in the area of property, plant, and equipment.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Strong internal controls are a good part of the fraud prevention framework any organization creates to thwart crooks. However, these controls fall in many places, and often they are in places where you least expect them. This is especially important when it comes to the accounts payable function. For control breakdowns in this area allow crooks easy access to the organizations financial assets. This course takes a look at control breakdowns that are sometimes unintentionally ignored to the peril of the organization not addressing them. The issues evaluated in this course are critical to those who want to run an efficient, fraud-resistant accounts payable function.

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course is designed to familiarize participants with internal controls that can help to prevent and detect fraud in their organizations. All organizations whether for-profit businesses, not-for-profits or government entities are susceptible to fraud. Fraud can incur internally and be perpetrated by employees, managers, or owners, or fraud can be perpetrated externally by customers, vendors, former employees, and individuals or criminal organizations that have no relationship to the victim organization. This course is designed to consider internal controls for fraud in small businesses but could also be useful for other small entities.

Learning Objectives:

After reading the course material, you will be able to:

• Identify risks of fraud in small businesses
• Identify internal controls to help prevent fraud
• Identify internal controls to help detect fraud
• Design internal controls for a small business

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Strong internal controls are a good part of the fraud prevention framework any organization creates to thwart crooks. However, there are many places these controls fall down and often they are in places where you least expect them. This is especially important when it comes to the accounts payable function. For control breakdowns in this area allow crooks easy access to the organizations financial assets.

This course takes a look at control breakdowns that are sometimes unintentionally ignored to the peril of the organization not addressing them. The issues evaluated in this course are critical to those who want to run an efficient, fraud-resistant accounts payable function.

Topics include:

• Chapter 1: Why Internal Controls Matter
• Chapter 2: The Basics of Internal Controls: Theory
• Chapter 3: The Basics of Internal Controls: In Practice
• Chapter 4: Fraud Prevention Controls and Practices
• Chapter 5: Internal Controls and Duplicate Payments
• Chapter 6: Where Internal Controls Break Down
• Chapter 7: Purchase Orders and Their Role in Internal Controls
• Chapter 8: Invoice Processing: The Core of the Accounts Payable Function
• Chapter 9: Invoice Related Control Issues
• Chapter 10: When Paying by Check: The Internal Control Migraine
• Chapter 11: Check Related Issues
• Chapter 12: Corporate Procurement Cards: An Alternative to Paper Checks
• Chapter 13: Electronic Payment Alternatives: A Better Payment Approach
• Chapter 14: The Master Vendor File: Where It All Begins
• Chapter 15: The Travel and Entertainment Component: Expense Reimbursements
• Chapter 16: Computers, Tablets, and Smartphones: The Often-Overlooked Control Component
• Chapter 17: Controls to Prevent Bribing Foreign Government Officials
• Chapter 18: Other Issues That Present Control Concerns
• Chapter 19: The Policy and Procedures Manual: Tying It All Together

Learning Objectives:

After reading the course material, you will be able to:

• Detect problems likely to occur as a result of weak controls
• Identify the regulatory consequences of poor or ineffective controls
• Identify really bad accounts payable practices that weaken controls
• Pinpoint problems likely to occur if strong controls are not used in accounts payable
• Delineate problems created when segregation of duties are not set up correctly
• Identify real-life issues that arise due to poor internal controls
• Demonstrate the interaction between fraud and poor internal controls
• Reveal internal control practices every organization should use to deter fraud
• Identify and eliminate weak control practices that dont curtail duplicate payments
• Show how poor controls make duplicate payments more likely to occur
• Pinpoint places where internal controls most commonly breakdown in the accounts payable function
• Reveal reasons controls sometimes fail to Demonstrate how an accounts payable policy and procedures manual strengthens controls
• Pinpoint places where purchase orders cause control problems
• Identify common purchase order problems and show how they can be fixed
• Identify common invoice problems
• Demonstrate how best invoice control practices improve the processing function
• Recognize invoice automation control issues as they arise
• Be aware of how control issues can fall apart in the accounts payable function in the month-end and year-end close
• Implement the proper controls around the check production process
• Demonstrate why signature stamps represent poor control and can cause your organization big problems
• Identify poor controls related to check request forms
• Demonstrate why bank reconciliations have to be done on a very timely basis
• Identify controls that should be incorporated into every corporate procurement program
• Reveal best fraud control strategies for your corporate procurement card program
• Reveal best control practices related to electronic payments
• Demonstrate why daily bank reconciliations are so important even if electronic payments are not being made
• Reveal how controls around the master vendor file prevent fraud
• Show how inappropriate segregation of duties around the master vendor file hurt the bottom line
• Show how uniform enforcement of the travel policy minimizes game playing on the part of employees
• Demonstrate how to control expense reimbursement fraud
• Demonstrate the importance of having a policy regarding employees using personal devices for work
• Integrate appropriate internal controls into the use by employees of personal devices
• Integrate checking for bribery into the accounts payable function
• Show how employees tend to disguise bribes to foreign government officials
• Identify control problems created when employees share passwords
• Identify issues created by Super Users of ERP systems
• Shows how a good policy and procedures manual can strengthen internal controls
• Demonstrate why updating the policy and procedures manual regularly strengthens internal controls

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course is designed for individuals who would like to obtain a basic introduction to forensic accounting. We will review the history of the forensic accounting profession in the United States. Participants will be exposed to various professional associations and certifications in the forensic accounting field. We will discuss the career opportunities in the forensic accounting field and the skills and knowledge necessary to be a successful forensic accountant.

In the accounting industry, one of the topics its often broached is the area of forensic accounting. Many accountants are interested in learning more about forensic accounting or are interested in getting into the forensic accounting profession. This basic level CPE course is designed to help answer some of the basic questions about forensic accounting and working in the forensic accounting field.

Learning Objectives:

After reading the course material, you will be able to:

• Define forensic accounting.
• Identify professional associations and designations in the forensic accounting field.
• Identify various types of forensic accounting engagements, certifications, and designations.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The book begins with a look at changing best practices and identifies those which must change in order for the accounts payable function to remain effective and thus allow the parent organization to remain competitive. It also explains why best practices are so important and why keeping current on the latest practices is critical for all.

This course takes a deep dive into the developing issues impacting the AP function of every company. The issues evaluated in this course are critical to those who want to run a cost-effective, efficient, fraud-resistant AP function.

Topics include:

• Chapter 1 Changing Best Practices: No Longer a Static Set of Rules
• Chapter 2 The Evolution in the Invoice Environment
• Chapter 3 The Business Community Takes a Giant Step away from Paper Checks: Electronic Payments
• Chapter 4 Electronic Payments: Expansion and Innovation
• Chapter 5: Expense Reimbursement Receipts: The Bombshell Issue Many Don’t Expect
• Chapter 6: Emerging Payment Frauds, both Large and Small
• Chapter 7: Vendor Portals in Accounts Payable
• Chapter 8: Advances in Technologies Provide New Data Insights
• Chapter 9: Unique Challenges Created by Personal Devices (Smartphones and Tablets)
• Chapter 10: Often-Overlooked Internal Control Breakdowns
• Chapter 11: The New Vocabulary in Use in Accounts Payable (and Elsewhere in the Business Community)
• Chapter 12: The Accounts Payable Function of Tomorrow
• Chapter 13: The Future of the Professionals Working in and Managing the Accounts Payable Function

Learning Objectives:

After reading the course material, you will be able to:

• Pinpoint problems that arise when best practices are ignored in AP.
• Implement a best practice AP policy.
• Create procedures that address new issues impacting AP function.
• Pinpoint the skill sets and personnel likely to be successful in AP in the future.
• Implement a customer service approach in the AP department.
• Identify the needed skills you or your staff might be missing.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course explains the significant changes made to auditing standards by the Auditing Standards Boards Clarity Project that resulted in the issuance of SAS Nos. 122-133. The course is written in a format that provides an overview by allowing the reader to review, recall, and identify key provisions within the new standards.

Topics Covered:

• ASBs Clarity Project
• Replacement SASs with Substantive Changes
• Other Selected New SASs- Clarifying Changes Only
• SAS Nos. 128-133

Learning Objectives:

After reading the course material, you will be able to:

• Recall the structure of the new ASB Clarity Project and how each new standard is segregated
• Identify categories of laws and regulations that are found in AU-C 250
• Identify the scope of communications an auditor should make concerning noncompliance with laws and regulations
• Identify some of the different types of deficiencies in internal control found in a financial statement audit
• Identify the indicators that may suggest there is a material weakness in internal control
• Identify the information that should be included in communication of certain deficiencies in internal control
• Recognize the new audit report title
• Identify examples of headings that should be in the new auditor report
• Recall some of the modified opinion headings found in the new audit report
• Identify the new type of paragraph that is permitted in the audit report
• Identify some examples where an emphasis-of-matter paragraph is required in the audit report
• Identify the new group auditor rules including the responsibilities of parties involved, and the procedures to be performed
• Identify the different types of special-purpose frameworks permitted under auditing standards
• Identify some of the elements that are required in the different types of special-purpose reports
• Identify the general types of disclosures required in special purpose framework financial statements
• Identify how an auditor can evaluate “professional judgment
• Recognize some of the elements that must be in an engagement letter
• Identify the requirements that a successor auditor must satisfy in an initial audit engagement involving opening balances
• Identify an instance in which it may be necessary for an auditor to obtain a positive confirmation
• Identify when an auditor may not be required to use external confirmation procedures
• Identify a procedure an external auditor should perform concerning an internal auditor
• Define the term “reasonable period of time
• Identify an example of a mitigating plan as used in the evaluation for going concerned
• Recognize how an auditor should report ongoing concern when there is substantial doubt
• Recall an example of a type of exempt offering covered by SAS No. 133

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Vendor issues in an effective accounts payable function are often ignored. This is unfortunate because poor controls around the master vendor file, the way data is entered and the lack of rigid internal controls all play a key role in preventing fraud and duplicate payments. And, its not as easy as you might think. There are numerous details, which if ignored, can cause problems whose impact is felt directly in the bottom line. Industry expert Mary Schaeffer delves into this material revealing where the problems are and what every organization should be doing to minimize, if not eliminate, the impact of these issues.

Topics include:

• Chapter 1: Background
• Chapter 2: Current Events Impact
• Chapter 3: The Master Vendor File
• Chapter 4: Data in the Master Vendor File
• Chapter 5: Data Entry in the Master Vendor File
• Chapter 6: Vendor Taxpayer Identification Number (TIN) Issues
• Chapter 7: Vendor Contact Information
• Chapter 8: The Vendor Credit Issue
• Chapter 9: Handling New Vendors
• Chapter 10: Critical Vendors: Ensuring Theyll Be There When You Need Them
• Chapter 11: Vendor Relations
• Chapter 12: Vendor Fraud
• Chapter 13: Other Vendor Issues

Learning Objectives:

After reading the course material, you will be able to:

• Understand issues related to vendor activity in accounts payable
• Pinpoint problems that are likely to occur when vendor issues are not addressed in accounts payable
• Integrate the impact of current event changes into the ongoing accounts payable practices
• Identify problems likely to occur if the potential for fraud is ignored in accounts payable
• Identify issues related to proper and improper segregation of duties as they relate to the master vendor file
• Integrate the issues of ownership of the master vendor file into the decision on where responsibility for it should lie
• Delineate controls needed around the master vendor file
• Recognize the relationship between controls and best practices as they relate to the master vendor file
• Identify where problems occur when data entry isnt handled using a rigid coding standard
• Understand the necessity for regular cleansing of the master vendor file
• Integrate the use of IRS TIN Matching program into the vendor set-up routines
• Understand the problems that can arise if games are played with TIN Matching and how to avoid them
• Avoid problems created when vendor contact information is not collected and/or updated
• Integrate controls into the accounts payable process to prevent phony e-mails from causing payment fraud
• Identify problems created when vendor credits are not identified and recovered regularly
• Develop practices to include open credit recovery in the regular accounts payable process
• Create procedures to collect all information needed to evaluate critical vendors
• Figure out where responsibility for evaluating critical vendors should lie
• Identify clues that will help identify potentially fraudulent invoices
• Implement best practices that will help weed out fraudulent invoices

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to address the new auditor reporting standards issued by the Auditing Standards Board as SAS No. 134-141.

Topics include:

• Overview of the new auditors report found in SAS No. 134s AU-C 700A, including the new reports format, positioning of sections within the report, title, headings, and expanded language
• Amendments made to various reporting standards by SAS No. 135
• A review of THE new ERISA plan audit standard found in SAS No. 136, AU-C 703, including the format of the new ERISAplan auditors report, positioning of sections of that report, the new ERISA Section 103(a)(3)(C) audit (formerly a limited-scope audit) and the auditors report thereon, expanded audit procedures and communications required by auditors of ERISA-plan financial statements
• Changes made by SAS No.137 to the auditors procedures and reporting on other information, changes made to the definition of materiality by SAS No. 138, changes made to special reports by SAS No, 139, and amendments made by SAS No. 140 to supplementary information, required supplementary information, compliance audits, interim financial information, and audits of internal control over financial reporting.

Learning Objectives:

After reading the course material, you will be able to:

• Identify the types of audit reports that can be issued under the new AU-C 700A
• Identify the definition of a written report
• Recognize an acceptable title for an auditors report
• Recognize the order in which certain sections of the new auditors report should be presented in AU-C 700A
• Recall how an auditor should report when conducting an audit in accordance with PCAOB standards
• Recognize the requirements and limitations with respect to communicating on key audit matters in accordance with the new AU-C 701
• Identify examples of acceptable and unacceptable headings to use in modified reports under the new ASU-C 705A
• Recognize the order in which certain sections of a modified opinion should be presented in the new auditors report in AU-C 705A
• Recognize examples of modified opinions as defined in AU-C 705A
• Identify examples of situations in which an auditor must or may include an emphasis-of-matter or other-matter paragraph as required by new AU-C 706A
• Recall examples of fraud risk factors expanded by SAS No. 135
• Identify expanded procedures auditors of ERISA-plan financial statements must perform in newly issued SAS No. 136, including a review of the draft Form 5500
• Identify the new ERISA Section 103(a)(3)(C) audit in SAS No. 136
• Recognize the scope of the terms other information and annual report as used in the newly issued SAS No. 137 pertaining to auditing and reporting other information
• Recall how an auditor should label other information in the auditors report
• Recognize the new definition of materiality found in SAS No. 138
• Identify certain paragraphs in the new auditors report on a special purpose framework
• Recognize how an auditor should present required supplementary information under SAS No.140s amendment of AU-C 730

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to address the new auditing standards issued by the Auditing Standards Board as SAS Nos. 142-145.

The first segment of the course addresses SAS No. 142s expanded guidance on what comprises audit evidence in a financial statement audit. Topics include: evaluating audit evidence; testing audit evidence; relevance and reliability of audit evidence including its source; susceptibility to management bias; corroborative or contradictory information; evaluating whether the information is sufficiently precise and detailed for the auditors purposes; and use of automated tools and techniques.

The second segment is a review of SAS No. 143s guidance on accounting estimates including the degree of estimation uncertainty; risk assessment procedures related to accounting estimates; identifying and assessing the risks of material misstatement including responses to the assessment; indicators of possible management bias, and more.

The third segment consists of a review of SAS No. 144s changes to auditing standards in connection with the use of specialists (management and auditor specialists) and the use of price nformation obtained from external sources.

The final section addresses significant changes made by SAS No. 145 to the auditors understanding of an entity and its environment and the assessment of risks of material misstatement.

Learning Objectives:

After reading the course material, you will be able to:

• Identify an example of an attribute of information obtained as audit evidence
• Recognize actions an auditor should perform in evaluating information used as audit evidence
• Recognize attributes of information to be used as audit evidence
• Identify an attribute that affects the reliability of information used as audit evidence
• Recall functions on which an auditor can use automated tools and techniques
• Identify an example of an accounting estimate related to classes of transactions, account balances, and disclosures identified in SAS No. 143
• Recognize how inherent and control risks should be assessed in accordance with SAS No. 143
• Recognize an example of an inherent risk factor
• Identify examples of the approaches that can be performed in assessing the risks of material misstatement from accounting estimates
• Recall one of the amendments made to AU-C 501 by SAS No. 145 in connection with using the work of an external inventory-taking firm
• Identify some instances in which an auditor may conclude that a specialists work is not adequate
• Identify a type of risk assessment procedure that an auditor can use in accordance with SAS No. 145
• Recall examples of risk assessment procedures that an auditor may perform in SAS No. 145
• Recognize how to perform risk assessment procedures when relying on information obtained from previous experience with an entity
• Identify examples of risk assessment procedures to obtain audit evidence in accordance with SAS No. 145
• Recognize a new requirement made by SAS No. 145 in connection with assessing inherent risk and control risk in an audit
• Identify how an auditor should respond if the auditor does not plan to test the operating effectiveness of an entitys controls

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

On May 28, 2014, the Financial Accounting Standards Board (FASB) released its widely anticipated revenue standard, Accounting Standards Update 2014-09, Revenue from Contracts with Customers. The issuance of final documents was the result of a joint effort by the FASB and the International Accounting Standards Board (IASB) to enhance financial reporting with the establishment of common revenue recognition guidance for U.S. GAAP and International Financial Reporting Standards (IFRS).

This course will consider the significance of the guidance issued, review the core principle related to the recognition of revenue, identify the specific steps that should be applied to recognize revenue, and consider the actions needed in order to be prepared to implement the revenue guidance by the effective date of the standard.

Topics include:

• Overview of SAS No. 134-141
• SAS No. 134: Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements
• SAS No. 135: Omnibus Statement on Auditing Standards 2019
• SAS No. 136: Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA
• SAS No. 137: The Auditors Responsibilities Relating to Other Information Included in Annual Reports
• SAS No. 138: Amendments to the Description of the Concept of Materiality
• SAS No. 139: Amendments to AU-C Sections 800, 805, and 810 to Incorporate Auditor Reporting Changes from SAS No. 134
• SAS No. 140: Amendments to AU-C Sections 725, 730, 930, 935, and 940 to Incorporate Auditor Reporting Changes From SAS Nos. 134 and 137
• SAS No. 141: Amendment to the Effective Dates of SAS Nos. 134-140

Learning Objectives:

After reading the course material, you will be able to:

• Identify the types of audit reports that can be issued under the new AU-C 700A
• Identify the definition of a written report
• Recognize an acceptable title for an auditors report
• Recognize the order in which certain sections of the new auditors report should be presented in AU-C 700A
• Recall how an auditor should report when conducting an audit in accordance with PCAOB standards
• Recognize the requirements and limitations with respect to communicating on key audit matters in accordance with the new ASU-C 701
• Identify examples of acceptable and unacceptable headings to use in modified reports under the new ASU-C 705A
• Recognize the order in which certain sections of a modified opinion should be presented in the new auditors report in AU-C 705A
• Recognize examples of modified opinions as defined in AU-C 705A
• Identify examples of situations in which an auditor must or may include an emphasis-of-matter or other-matter paragraph as required by new AU-C 706A
• Recall examples of fraud risk factors expanded by SAS No. 135
• Identify expanded procedures auditors of ERISA-plan financial statements must perform in newly issued SAS No. 136, including a review of the draft Form 5500
• Identify the new ERISA Section 103(a)(3)(C) audit in SAS No. 136
• Recognize the scope of the terms other information and annual report as used in the newly issued SAS No. 137 pertaining to auditing and reporting other information, and
• Recall how an auditor should label other information in the auditors report.
• Recognize the new definition of materiality found in SAS No. 138
• Identify certain paragraphs in the new auditors report on a special purpose framework.
• Recognize how an auditor should present required supplementary information under SAS No. 140s amendment of AU-C 730

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.

This course will describe when the Yellow Book standards must be applied. This course will identify the new organization and format of the 2018 Yellow Book. Finally, this course will recognize the five areas that changed in the 2018 Yellow Book from the 2011 Yellow Book.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize when the Yellow Book standards must be applied.
• Identify the new organization and format of the 2018 Yellow Book.
• Recognize the five areas that changed in the 2018 Yellow Book from the 2011 Yellow Book.

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

Every organization that has workers is involved in the payroll process. This course is designed to help participants determine how to properly categorize workers as employees, statutory employees, statutory nonemployees, or independent contractors. Participants will also review the minimum wage and overtime requirements for employees, including which employees are exempt from minimum wage and overtime requirements. We will also discuss the Family Medical Leave Act and which employers must comply with the Act. Finally, we will review risks in the payroll process and internal controls for the payroll process.

This course does not cover HR-related topics such as onboarding or terminating employees. Conducting background or drug tests. Completing employee evaluations, and other HR-related activities which are covered in other CPE courses.

Learning Objectives:

After reading the course material, you will be able to:

• Identify IRS Regulations for categorizing workers
• Identify minimum wage and overtime requirements
• Identify the requirements in the Family Medical Leave Act
• Design internal controls for the payroll process

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to inform the reader of the accounting and financial reporting issues related to the receipt and forgiveness of loans received under the Paycheck Protection Program (PPP) Including first- and second-draw
loans.

Topics include:

• Understanding the basic rules for PPP loans;
  
• a review of how PPP loans should be accounted for under GAAP; 
• accounting for the treatment of PPP loans as debt; 
• how to account for debt issuance costs; 
• accounting for the forgiveness of debt; 
• presentation of eligible expenses; 
• presentation of PPP loan transactions on the statement of cash flows;  
• disclosures required for PPP loans; 
• accounting for advances received under the Economic Injury Disaster Loan (EIDL); accounting for PPP loans as grants; 
• CPA independence issues when there is involvement in PPP loan transactions;  accountant and auditor reporting issues and use of an emphasis-of-matter paragraph in reports; and more.

Learning Objectives:

After reading the course material, you will be able to:

• Identify some of the eligible expenses related to the use of PPP loan proceeds
  
• Recognize approaches to account for PPP loans under GAAP
• Recall how to present  debt issuance costs on the financial statements
• Recognize how to account for PPP loan forgiveness
• Recognize how to present a gain on extinguishment on the statement of cash flows
• Identify how to treat the forgiveness of a PPP loan for tax purposes
• Recognize  how the IAS 20 grant approach is used to account for its PPP loan
• Recognize actions that impact a CPA’s independence in a PPP loan assistance engagement
• Recall some of the rules about a CPA receiving an agent fee from a PPP loan lender, and 
• Identify whether an emphasis-of-matter paragraph may be used in an accountant’s report when there is forgiveness of a PPP loan

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to inform the reader of the various changes made to the compilation and review standards by the AICPAs Accounting and Review Services Committee (ARSC) and to address practice issues related to compilation and review engagements.

The first section of this course consists of an overview of SSARS No. 21, as amended by SSARS Nos. 22 through 25, and addresses the three types of engagements that can be performed under the SSARSs: a preparation of financial statements engagement, a compilation engagement, and a review engagement.

The remainder of the course consists of practice issues in compilation and review engagements. Topics include a discussion of an accountants responsibility for fraud, internal control and going concern, representation letters for review engagements, personal financial statements, tax-basis financial statements, legends on financial statements, accountants liability in compilation and review engagements, saving time in engagements, ethics and independence issues, and more. The focus of the course is to identify, recognize and recall the rules about various pronouncements, including those related to recent developments.

Learning Objectives:

After reading the course material, you will be able to:

• Identify some of the changes in SSARS No. 21, as amended, that are and are not carried over from auditing standards
• Identify engagement types that are and are not authorized under SSARS No. 21
• Recall whether the preparation of financial statements standard is an attest or non attest service
• Recognize the term that is assigned to engagements performed on the cash, tax, and regulatory bases of accounting
• Recognize a criterion for an accountant to perform a preparation engagement
• Recall whether a preparation engagement under AR-C 70 is subject to peer review
• Identify whether a report is required in a preparation of financial statements engagement under AR-C 70
• Recognize what the reporting requirements are, if any when a "no assurance" legend is omitted from prepared financial statements under the AR-C 70 standards
• Recognize an acceptable location in which to place the description of a special purpose framework in the preparation of financial statements engagement
• Identify where to disclose GAAP departures in a preparation of financial statements engagement
• Recognize whether an accountant and a client must sign an engagement letter for preparation of financial statements engagement under AR-C 70
• Recall the objective of a compilation engagement under AR-C 80 of SSARS No. 21
• Identify some procedures that must be performed in a compilation engagement under AR-C 80 of SSARS No. 21
• Recognize some of the changes made to the compilation report under SSARS No. 21 including those related to special purpose frameworks and GAAP departures, among others
• Recall how an accountant should report when there is a lack of independence in a compilation engagement
• Identify who should sign a representation letter in a review engagement
• Recognize procedures that should be done when performing analytical procedures in a review engagement 5 Practice Issues- Compilation and Review Update- 2022
• Identify one of the requirements in SSARS No. 24 when reporting on an international financial reporting framework
• Identify the reporting options for controllers who seek to issue financial statements
• Recognize the accountants responsibility for reporting fraud in compilation and review engagements
• Identify the types of analytical procedures that can and cannot be used in a review engagement
• Recognize certain terms used as the basis for evaluating going concern in a review engagement
• Identify factors that may or may not suggest there is a potential going-concern problem in a compilation or review engagement
• Identify the period that defines reasonable period is going concerned
• Recognize the threshold to evaluate an Altman Z Score
• Identify an example of a deferred M-1 that is eliminated by tax-basis financial statements
• Recognize some of the general rules for tax-basis financial statements
• Identify the options available to report on supplementary information in a compilation or review engagement
• Recognize the general disclosure rules when issuing a compilation report on a specified element
• Identify when a management representation letter is required and some general rules about such letters
• Identify a prescribed form and the options for reporting on personal financial statements
• Identify examples of simpler reporting options to issuing GAAP financial statements
• Identify provisions to incorporate into engagement letters to protect the accountant against liability claims
• Recognize the privity standard as it relates to the accountants liability to third parties
• Recognize the general rules to maintain independence when an accountant performs non-attest services for an attested client
• Identify when independence is impaired in certain situations in which an accountant performs non attest services for an attest client

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The year-end tasks in accounts payable are critical to accurate financial statements for any organization. Yet, often, they are a last-minute affair, and proper attention is not accorded to the tasks. This course is designed to highlight the issues both directly related to the year-end close and present information the professional can use to implement a smoother close in accounts payable. Industry expert Mary Schaeffer shows auditors, controllers, and managers where year-end problems are likely to occur, how to prevent those problems moving forward. She also offers some straightforward best-practice advice on how to run the close in accounts payable as smoothly as possible.

Topics include:

• Chapter 1: The Start of the Year-End Close Process
• Chapter 2: Operational Issues: Department Operations
• Chapter 3: Operational Issues: Expense Reimbursements
• Chapter 4: Operational Issues: Year-End Specific
• Chapter 5: Form 1099 Reporting Issues
• Chapter 6: The Finishing Touches

Learning Objectives:

After reading the course material, you will be able to:

• Identify the tasks accounts payable need to do to help the organization have an effective close
• Pinpoint problem areas before they occur so the problematic issues can be addressed before difficulties occur
• Resolve problems caused by discrepant invoices in a timely manner
• Address the open vendor credit issue in a way that improves the organizations bottom line
• Create effective solutions to handle employees who submit expense reports long after their due date
• Provide a workable approach to dealing with managers who dont approve subordinates expense reports in a timely manner
• Create a document that will guide and track the accounts payable team through all its year-end tasks
• Identify which items must be included in year-end accruals completed in accounts payable
• Develop a best-practice approach to collecting all vendor tax information needed to issue Form 1099s in January
• Build workable solutions to address common Form 1099 problems
• Pinpoint steps any organization can take to ensure a smoother close in accounts payable
• Build a process that will help make next years close-run better

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The difference in the financial reporting needs of private and public companies is a topic that has been studied at various times over the years. This course will provide an update on recent projects and activities focusing on private company financial reporting. As background for the update, the standard-setting process will be reviewed.

The recent committees and panels that have studied private company financial reporting issues will be outlined along with the considerations and actions leading up to the Financial Accounting Foundations creation of the Private Company Council. The American Institute of Certified Public Accountants plan for a new Financial Reporting Framework for Small and Medium-sized Entities will also be reviewed.

The International community experienced similar private company reporting issues as those raised in the U.S. This course will review how the International Accounting Standards Board addressed the issue with a discussion of IFRS for SMEs. The differences between IFRS for SMEs and U.S. GAAP along with the considerations regarding a U.S. private companys use of IFRS for SMEs will also be reviewed.

Topics include:

• Private Company Financial Reporting Considerations
• Accounting Standard Setting
• Private Company Initiatives
• Financial Reporting Framework for Small and Medium-sized Entities
• U.S. Companies Use of IFRS for SMEs

Learning Objectives:

After reading the course material, you will be able to:

• Identify the concerns and issues regarding private company financial reporting.
• Recognize the accounting standard-setting process.
• Recognize the various private company financial reporting initiatives that have occurred.
• Identify the role of the Private Company Council and the FASB regarding private company standard-setting.
• Recognize IFRS, IFRS for SMEs, and the considerations regarding U.S. companies' use of IFRS for SMEs.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course helps CPAs advise clients who are potential expatriate retirees to prioritize their choices for their lifestyle in an adopted country whats vital to have in a home abroad, how to maximize income and minimize taxes, what possessions to take, and how to get them there, activities that help overcome culture shock, and even how to repatriate to the United States. This timely course assists retirees who plan to join the millions of Americans who live a great life abroad.

Topics include:

• Who becomes an Expatriate, and Why
• Differences between temporary Job Transfers and Self-Initiated Expatriation
• Research and Planning
• Cost of living
• Healthcare

Learning Objectives:

After reading the course material, you will be able to:

• Describe how an expatriates experiences of a locale differ from those of tourists.
• Begin to prioritize what features drive the choice of an adopted country.
• Note the types of tax planning involved in expatriating and subsequent tax reporting.
• Compare financial expenses and resources available in the adopted country versus the United States.
• Determine which types of property are preferable to bring to the adopted country or obtain after the move.
• Be aware that success in repatriating requires financial and emotional preparation.

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course helps CPAs advise clients who are potential expatriate retirees to prioritize their choices for their lifestyle in Costa Rica whats vital to have in a home abroad, how to maximize income and minimize taxes, what possessions to take, and how to get them there, activities that help overcome culture shock, and even how to repatriate to the United States. This timely course assists retirees who plan to join the millions of Americans who live a great life abroad.

Topics include:

• Who Becomes an Expatriate, and Why?
• Doing the Research and Planning
• Top Factors in Choosing the Best New Home
• Finances, Benefits, and Taxation
• Tradeoffs of U.S. and Foreign Tax Systems

Learning Objectives:

After reading the course material, you will be able to:

• Recognize how an expatriates experiences of a locale differ from those of tourists;
• Recognize the unique environmental and cultural features of Costa Rica;
• Identify types of priorities that drive the choice of an adopted country;
• Identify the types of tax planning involved in expatriating and subsequent tax reporting;
• Recognize financial expenses and resources available in Costa Rica versus the United States;
• Identify which types of property are preferable to bring to the adopted country or obtain after the move; and
• Recognize that success in repatriating requires financial and emotional preparation.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course helps CPAs advise their clients who are potential expatriate retirees to prioritize their choices for their lifestyle in an adopted country whats vital to have to enjoy life in Belize, how to maximize income and minimize taxes, what possessions to take, and how to get them there, activities that help overcome culture shock, and even how to repatriate to the United States.

This timely course assists retirees who plan to join the millions of Americans who live great life abroad.

Topics include:

• Who Becomes an Expatriate, and Why?
• Doing the Research and Planning
• Top Factors in Choosing the Best New Home
• Finances, Benefits, and Taxation
• Tradeoffs of U.S. and Foreign Tax Systems

Learning Objectives:

After reading the course material, you will be able to:

• Describe how an expatriates experiences of a local differ from those of tourists;
• Compare environmental and cultural features of the districts of Belize;
• Begin to prioritize what features drive the choice of an adopted country;
• Note the types of tax planning involved in expatriating and subsequent tax reporting;
• Compare financial expenses and resources available in Belize versus the United States;
• Determine which types of property are preferable to bring to the adopted country or obtain after the move; and
• Be aware that success in repatriating requires financial and emotional preparation.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

This course helps CPAs advise their clients who are potential expatriate retirees to prioritize their choices for their lifestyle in an adopted country whats vital to have to enjoy life in Panama, how to maximize income and minimize taxes, what possessions to take, and how to get them there, activities that help overcome culture shock, and even how to repatriate to the United States. This timely course assists retirees who plan to join the millions of Americans who live a great life abroad.

Topics include:

• Who Becomes an Expatriate, and Why?
• Doing the Research and Planning
• Top Factors in Choosing the Best New Home
• Finances, Benefits, and Taxation
• Tradeoffs of U.S. and Foreign Tax Systems

Learning Objectives:

After reading the course material, you will be able to:

• Describe how an expatriates experiences of a locale differ from those of tourists.
• Compare the environment and cultural features of Panamanian provinces.
• Begin to prioritize what features drive the choice of an adopted country.
• Note the types of tax planning involved in expatriating the subsequent tax reporting.
• Compare financial expenses and resources available in Panama versus the United States.
• Determine which types of property and preferable to bring to the adopted country or obtain after the move.
• Be aware that success in repatriating requires financial and emotional preparation.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Yellow Book provides standards and guidance for auditors and audit organizations, outlining the requirements for audit reports, professional qualifications for auditors, and audit organization quality control. Auditors of federal, state, and local government programs use these standards to perform their audits and produce their reports.

The 2018 revision of Government Auditing Standards is effective for financial audits, attestation engagements, and reviews of financial statements for periods ending on or after June 30, 2020, and for performance audits beginning on or after July 1, 2019. Early implementation is not permitted.

The 2018 revision of Government Auditing Standards supersede the 2011 revision (GAO-12-331G, December 2011), the 2005 Government Auditing Standards: Guidance on GAGAS Requirements for Continuing Professional Education (GAO-05-568G, April 2005), and the 2014 Government Auditing Standards: Guidance for Understanding the New Peer Review Ratings (D06602, January 2014).

The 2018 revision should be used until further updates and revisions are made. An electronic version of this document can be accessed on GAOs Yellow Book web page at http://www.gao.gov/yellowbook.

Topics include:

• Chapter 1: Foundation and Principles for the Use and Application of Government Auditing Standards
• Chapter 2: General Requirements for Complying with Government Auditing Standards
• Chapter 3: Ethics, Independence, and Professional Judgment
• Chapter 4: Competence and Continuing Professional Education
• Chapter 5: Quality Control and Peer Review
• Chapter 6: Standards for Financial Audits
• Chapter 7: Standards for Attestation Engagements and Reviews of Financial Statements
• Chapter 8: Fieldwork Standards for Performance Audits
• Chapter 9: Reporting Standards for Performance Audits

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The complexities of financial regulations and accounting pronouncements and the impact of global competition present businesses and executives with a demanding environment. Along with the necessary technical financial experience that a Chief Financial Officer (CFO) must possess, many other skills and attributes are required to address the challenges of the role. This course will discuss many key skills and attributes that contribute to the success of CFOs.

Topics include:

• Leadership
• Integrity
• Assessing your Integrity
• Additional Skills of Successful CFOs
• Self Confidence
• Emotional Intelligence

Learning Objectives:

After reading the course material, you will be able to:

• Recognize the importance of leadership and the positive actions that exhibit leadership.
• Recognize your personal and organizational integrity.
• Recognize other skills in addition to financial reporting expertise that contributes to success.
• Identify and take steps to improve self-confidence.
• Recognize the significance of emotional intelligence and its impact on business success.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The purpose of this course is to inform the reader of the various changes made to the compilation and review codification by the issuance of SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions, including changes made to AR-C 60- General Principles, AR-C 70- Preparation of Financial Statements, AR-C 80- Compilation Engagements, and AR-C 90- Review of Financial Statements. Topics include expanding use of the disclaimer report in a preparation engagement, changes involving the reporting on the contractual basis of accounting, new requirements to define materiality in a review engagement, expanded inquiries and management representations in a review engagement, the new modified conclusion (qualified and adverse conclusion) reporting changes, guidance ongoing concern in a review engagement, and more.

The course addresses the three types of engagements that can be performed under the SSARSs: a preparation of financial statements engagement, a compilation engagement, and a review engagement.

Learning Objectives:

After reading the course material, you will be able to:

• Identify engagement types that are (and are not) authorized under the SSARSs
• Recognize a precondition for an accountant to accept an SSARS engagement
• Identify what is required for an accountant to perform a preparation engagement
• Recall whether the preparation of financial statements standard is an attest or non attest service
• Recognize whether an accountant and a client must sign an engagement letter for preparation of financial statements engagement under AR-C 70
• Identify whether a report is required in a preparation of financial statements engagement
• Recognize what the reporting requirements are, if any when a "no assurance" legend is omitted from prepared financial statements under the AR-C 70 standards
• Identify where to disclose GAAP departures in a preparation of financial statements engagement
• Recognize actions an accountant should take under SSARS No. 25 when a compilation is performed on the contractual basis of accounting
• Identify factors that should consider in determining materiality in a review engagement
• Identify the date as to which management representations should be made in a management representation letter for a review engagement
• Recognize a change that SSARS No. 25 makes to the accountants review report
• Recall language that SSARS No. 25 requires to be included in a review report on the contractual basis of accounting
• Identify the term that GAAP uses for managements assessment of an entitys going concerned
• Recognize the reporting requirements for going concerned in a review engagement
• Recall some of the items that should be documented in a review engagement

Who Should Attend:

• All Certified Public Accountants (CPAs)
  

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.

This course will describe when the Yellow Book standards must be applied. This course will identify the requirements for auditor communication. Finally, this course will identify the three levels of service as identified by the AICPA.

Topics include:

• Chapter 1: Standards for Financial Audits
• Chapter 2: Standards for Attestation Engagements and Reviews of Financial Statements

Learning Objectives:

After reading the course material, you will be able to:

• Recognize when the Yellow Book standards must be applied.
• Identify the new organization and format of the 2018 Yellow Book.
• Recognize the five areas that changed in the 2018 Yellow Book from the 2011 Yellow Book.

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to inform the reader of the impacts the changes made by the Tax Cuts and Jobs Act have on GAAP and financial reporting.

Topics include:

• An analysis of adjustments required to be made to deferred income tax assets and liabilities
• Newly issued ASU 2018-02 related to the tax effect of accumulated other comprehensive income
• Accounting for the change from an S to a C corporation
• Impact of the elimination of like-kind exchanges
• GAAP accounting for bonus and Section 179 depreciation
• New limitations on interest deduction
• SEC SAB 118 transition rules
• Presenting the tax benefit of an NOL carryover, and more.

Learning Objectives:

After reading the course material, you will be able to:

• Recognize how an entity should account for deferred tax accounts under the Tax Cuts and Jobs Act
• Identify how the ASU 2018-02 election is made to reclassify the tax effect on accumulated other comprehensive income
• Recall the adjustment that is made when an entity converts from S to C corporation status
• Recognize the type of like-kind exchange that qualifies for nonrecognition of gain or loss under GAAP
• Identify a way in which an entity can account for bonus depreciation under GAAP.
• Recall the overall impact that the reduction in the corporate tax rate is having on SEC companies
• Recognize whether SEC companies are permitted to discount tax liabilities pertaining to repatriated income.
• Recall when an entity is required to disclose the tax years open for examination

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The objective of this course is to discuss the general rules and applications used in the preparation of and reporting on tax-basis financial statements and other bases of accounting found within the special purpose frameworks (also referred to as other comprehensive bases of accounting).

Updated for changes made by the Tax Cuts and Jobs Act, the CARES Act, and the Consolidated Appropriations Act, topics include an overview of the types of special-purpose frameworks, advantages and disadvantages of using tax-basis financial statements, tax-basis accrual versus cash basis, reviewing the key differences between GAAP and tax-basis revenue and expenses and other differences, tax-basis disclosures, reporting options for tax-basis financial statements, unusual reporting and presentation issues related to tax-basis financial statements, an overview of other types of special-purpose frameworks including pure cash basis,modified cash basis, regulatory basis, contractual basis, and the other basis of accounting, and more.

Updated for the CARES Act, ERC, PTE Tax, and PPP Loans The course also addresses the presentation and disclosures for PPP loans, Employee Retention Credit (ERC), and the Pass-Through Entity (PTE) tax.

Topics include:

• CHAPTER 1 - OVERVIEW
• CHAPTER 2 - SCOPE OF TAX-BASIS FINANCIAL STATEMENTS
• CHAPTER 3 - ADVANTAGES AND DISADVANTAGES OF TAX-BASIS
• CHAPTER 4 - KEY DIFFERENCES BETWEEN TAX BASIS AND GAAP
• CHAPTER 5 - FINANCIAL STATEMENT FORMATS
• CHAPTER 6 - TAX-BASIS DISCLOSURES
• CHAPTER 7 - TAX-BASIS REPORTS
• CHAPTER 8 - CONVERTING TO TAX-BASIS FINANCIAL STATEMENTS
• CHAPTER 9 - UNUSUAL PRACTICE ISSUES TAX-BASIS FINANCIAL STATEMENTS
• CHAPTER 10 - OTHER SPECIAL PURPOSE FRAMEWORKS

Learning Objectives:

After reading the course material, you will be able to:

• Identify an accounting standard that exempts non-public entities from their application
• Recall a disadvantage of the AICPAs Financial Reporting Framework for SMEs
• Recognize the type of criteria on which the other basis of accounting is based
• Recall whether a one-member LLC is permitted to issue tax-basis financial statements
• Identify the best use for tax-basis accrual financial statements
• Recognize an example of a permanent difference
• Recall an example of a GAAP disclosure that can be eliminated by using tax-basis financial statements
• Identify a situation in which tax-basis financial statements might be misleading
• Recall ways in which nontaxable revenues and nondeductible expenses can be presented in tax-basis financial statements
• Recognize which type of exchange of assets no longer qualifies for like-kind treatment in tax-basis financial statements
• Recognize how an entity accounts for a change in accounting method on the tax basis of accounting
• Identify how to account for certain transactions on tax-basis financial statements
• Recognize whether supplementary information is part of the financial statements
• Identify titles that are appropriate and not appropriate for tax-basis financial statements
• Recall types of legends that might be included on pages of tax-basis financial statements
• Recall how a statement of cash flows should be accounted for and presented in tax-basis financial statements
• Identify categories of disclosures that should be included in tax-basis financial statements
• Recognize elements that are and are not relevant to tax-basis financial statements in preparing a summary of significant accounting policies
• Recall how certain GAAP disclosures should be handled in tax-basis financial statements
• Recognize the reporting requirement for preparation and compilation of tax-basis financial statement engagements under SSARS Nos. 21-25
• Recall the appropriate title for a review report on tax-basis financial statements
• Identify certain language that should be included in an audit report on tax-basis financial statements
• Identify the reporting option when an entity changes from GAAP to tax-basis financial statements
• Recognize how an accountant should report on a grantor trust or one-member LLC
• Identify the disclosures that are required if an accountant issues a report on a tax return
• Identify disclosures that are and are not relevant to cash-basis financial statements
• Recognize an element that would be made in a summary of significant accounting policies for the modified cash basis
• Identify other types of special-purpose frameworks other than tax basis

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:

COURSE DESCRIPTION

The purpose of this course is to inform the reader of the various changes made to the compilation and review codification by SSARS No. 21 as amended by SSARS No. 22, Compilation of Pro Forma Financial Information, SSARS No. 23, Omnibus
Statement on Standards for Accounting and Review Services- 2016, and SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services- 2018, and SSARS No. 25, Materiality in a Review of Financial Statements and Adverse
Conclusions.

The course addresses the three types of engagements that can be performed under the SSARSs: a preparation of financial statements engagement, a compilation engagement, and a review engagement.

After reading the Sections I and II course material, you will be able to:

• Identify some of the changes in SSARS No. 21, as amended, that are and are not carried over from auditing standards
• Identify engagement types that are and are not authorized under SSARS No. 21

After reading the Section III course material, you will be able to:

• Recall whether the preparation of financial statements standard is an attest or nonattest service
• Recognize the term that is assigned to engagements performed on the cash, tax and regulatory bases of accounting
• Recall whether a preparation engagement under AR-C 70 is subject to peer review
• Identify whether a report is required in a preparation of financial statements engagement under AR-C 70
• Recognize what the reporting requirements are, if any, when a "no assurance" legend is omitted from prepared financial statements under the AR-C 70 standards
• Recognize an acceptable location in which to place the description of a special purpose framework in a preparation of financial statements engagement
• Identify where to disclose GAAP departures in a preparation of financial statements engagement
• Recognize whether an accountant and a client must sign an engagement letter for a preparation of financial statements engagement under AR-C 70

After reading the Section IV course material, you will be able to:

• Recall the objective of a compilation engagement under AR-C 80 of SSARS No. 21
• Identify some of the safeguards that must be in place in order for an accountant to perform a nonattest service for an attest client
• Identify some procedures that must be performed in a compilation engagement under AR-C 80 of SSARS No. 21
• Recognize some of the changes made to the compilation report under SSARS No. 21 including those related to special purpose frameworks and GAAP departures, among others
• Identify how an accountant should report on a disclaimer of supplementary information in a compilation engagement

After reading the Section V course material, you will be able to:

• Recognize the type of information on which an accountant may or may not perform a review engagement under AR-C 90
• Identify requirements to be satisfied to perform a review engagement under AR-C 90
• Identify the date as of which management representations should be made in a management representation letter for a review engagement
• Recognize an appropriate title that can be used for a review report under SSARS No. 21
• Identify the order in which certain report paragraphs should be placed in the review report
• Recognize the definition of a reasonable period of time in evaluating going concern
• Recognize how to report in a review engagement per SSARS No. 25, when there is or is not substantial doubt of an entitys ability to continue as a going concern
• Recall some of the items that should be documented in a review engagement

After reading the Section VI course material, you will be able to:

• Identify one of the requirements in SSARS No. 24 when reporting on an international financial reporting framework

Who Should Attend:

• All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships: