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Live Webcast

ACPEN Signature: 2015 Accounting and Auditing Update


Total Credits: 8 including 3 Accounting - Technical, 3 Auditing- Technical, 2 Regulatory Ethics - Non-State Specific

Average Rating:
   145
Categories:
Accounting and Auditing |  ACPEN Signature |  Ethics
Faculty:
Laura A. Billingsley, CPA, MS Acc, MEd |  J. Michael Inzina, CPA, CGFM, CGMA |  Gary A. Hotchkiss, CPA |  Michael K. Cheng, CPA
Course Levels:
Update
Duration:
8 Hours
License:
Product Setting: Expires 40 day(s) after program date.

Dates


Description

This year’s annual update is designed for accountants and auditors, with a special focus on those who work with and in non-public entities. Our panel of experts will provide in-depth analysis of the most recent pronouncements from the FASB, AICPA Professional Ethics Executive Committee, Accounting and Review Services Committee, and the Auditing Standards Board. Using their perspective as professionals with unique access to and experience with these entities, they will explain how the new developments will affect financial statement preparers and auditors alike. In addition, you will receive a one hour general ethics update.

 

In addition, this year’s course will again have a special focus on the impact, for accountants, CFOs, Controllers and business auditors, of implementation and compliance with the Patient Protection and Affordable Care Act. Commonly referred to as Obamacare, this sweeping legislation and the emerging regulations will challenge businesses of all sizes, especially those that consider themselves small. CPAs will be the primary source of advice to business owners on compliance and pitfalls.

Plus, as a special professional update, you will receive a briefing on the status of progress made by the new Private Company Council (PCC) of the Financial Accounting Foundation.

 

Faculty Interaction! With ACPEN courses, you may send questions to the panel in advance at Pre-CourseQuestions@ACPEN.com, and remember, participants can submit questions to the panel during the course and for two days after every ACPEN course, providing unparalleled faculty access!

Basic Course Information

Learning Objectives *Learn how the most recent pronouncements from the FASB, AICPA Auditing Standards Board, Professional Ethics Executive Committee, and Accounting and Review Services Committee will affect financial statement prepares and auditors
Major Subjects

*Accounting

*Auditing


Course Materials

Faculty

Laura A. Billingsley, CPA, MS Acc, MEd's Profile

Laura A. Billingsley, CPA, MS Acc, MEd Related Seminars and Products


Laura A. Billingsley, CPA, MS Acc, MEd, is an executive editor of PPC products for the Tax & Accounting business of Thomson Reuters in Carrollton, Texas, where she is responsible for the technical content and annual update of several PPC products. She is a coauthor of PPC’s Guide to SSARS Preparation EngagementsPPC’s Guide to PCAOB AuditsPPC’s Guide to Religious OrganizationsPPC’s Practice Aids for Audits of Oil and Gas Entities, and PPC’s Guide to Fraud Risk Assessments; and a contributing author to PPC’s Guide to Compilation and Review Engagements, PPC’s Guide to Managing an Accounting PracticePPC’s Guide to Write-up ServicesPPC’s Guide to GAAS, PPC’s Guide to Audits of Financial Institutions, PPC’s Guide to Dealerships, and The PPC Accounting and Auditing Update newsletter. She has been an observer at the AICPA Accounting and Review Services Committee meetings for more than 20 years. Before joining Thomson Reuters, she was a senior audit manager at PricewaterhouseCoopers LLP, where she managed attest, business assurance, and consulting engagements for both small business and public company clients. Ms. Billingsley is a member of the American Institute of Certified Public Accountants. 


J. Michael Inzina, CPA, CGFM, CGMA's Profile

J. Michael Inzina, CPA, CGFM, CGMA Related Seminars and Products


J. Michael Inzina, CPA, CGFM, CGMA is president and CEO of Audit Litigation Training and Efficiency Consulting, Inc. (ALTEC), a consulting company serving the accounting and auditing community in audit efficiency, training, ethics and litigation support.  In 2020 he retired from public practice after forty-four years, concentrated in governments, financial institutions, public utilities and nonprofit organizations.  Mike holds a BBA in accounting from the University of Louisiana (Monroe), where he graduated summa cum laude in May 1976.  He is a member of the American Institute of CPAs, the Society of Louisiana CPAs, the Association of Government Accountants and the GFOA, and earned the CEA in governmental in 1990.  He was awarded the Certified Government Financial Manager (CGFM) designation in 1996, and the Certified Global Management Accountant (CGMA) designation in 2012.  Mike is a past chapter president and member of the Society of Louisiana CPAs Board of Directors and served two terms as chairman of the Governmental Positive Enforcement Program of the Louisiana State Board of CPAs.  He has served on numerous committees of the Society of Louisiana CPAs, and presently is a member and past chairman of its Ethics committee.                  

Mike has twice served as a member of the AICPA Professional Ethics Executive Committee (1986-1989, and 2000-2003), and served as a member of the AICPA Auditing Standards Board from 1997 to 2000. From 1986 to 1993, he served as a member of AICPA Independence and Behavioral Standards Subcommittee, and was Subgroup Chairman of the Governmental Technical Standards Committee.  During this time he conducted numerous investigations of complaints filed by federal, state and local agencies alleging substandard performance of audits of governmental and nonprofit entities, and represented the Professional Ethics Division at hearings of the Joint Regional Trial Board.

He contributed to the GASB Statement 34 Implementation Guide, AICPA Statement of Position 98-3, the industry audit and accounting guide Audits of State and Local Governmental Units, the AICPA Practice Aid to SAS 99 (fraud) and assisted in revisions to the Louisiana Governmental Audit Guide and in drafting state legislation affecting governmental accounting and auditing requirements. He has served as technical consultant and instructor for the Louisiana Division of Administration (Office of Community Development), and as consultant to the Louisiana Department of Education.  Mike frequently appears as moderator and panelist on the Accountants CPE Network.                             

He has been named thirteen times as an Outstanding Discussion Leader by the American Institute of CPAs and the Louisiana, South Carolina and West Virginia state societies.  He received a Special Recognition Award from the Society of Louisiana CPAs Board of Directors for his contributions to continuing education in 1994, and was awarded the 2001 National Education and Training Award from the Association of Government Accountants.  In 2009, Mike was named national Beta Alpha Psi Business Information Professional of the Year. In 2016, he received the Distinguished Service Award from the Society of Louisiana CPAs.


Gary A. Hotchkiss, CPA Related Seminars and Products


Gary’s professional career has encompassed public accounting in the capacity of staff to partner level in firms ranging from small to international practices, and industry experience at the controller and chief financial officer level. Gary’s experience also includes three years as a member of the Auditing Standards Board of the American Institute of Certified Public Accountants.  For several years, Gary served as the senior technical reviewer for the Texas Society of CPAs for peer reviews conducted in that state.  Various organizations such as the American Institute of Certified Public Accountants and state societies of CPAs have named Gary as their discussion leader of the year.  Participants have noted that he enhances his presentations by including real-life examples and drawing upon a “somewhat dry” sense of humor. 

Gary, currently, is a partner in a small accounting practice in Dallas, Texas.  Additionally, Gary is the President of RealisticApproach Seminars, Inc.  RealisticApproach Seminars, Inc. develops and provides professional training, exclusively through state societies of CPAs, to CPAs throughout the country.


Michael K. Cheng, CPA Related Seminars and Products


Michael K. Cheng, CPA, joined the staff of the Financial Accounting Standards Board (FASB) in 2012 as a project manager. Mike serves as the Private Company Council (PCC) Coordinator where he is responsible for all PCC related matters. He also led the Board and PCCs private company decision making framework project focused on determining whether and in what circumstances it is appropriate to adjust financial reporting requirements for private companies following U.S. GAAP. In addition, he served on the FASB project teams working on policies and procedures for consolidations. Prior to joining the FASB, Mike held various management positions with PricewaterhouseCoopers (PwC). Most recently, he was an Audit Senior ManagerPrivate Company Services in the firms Stamford, Connecticut office. From 2003-2011, he also held roles of increasing responsibility in PwCs Core Assurance divisions in Buffalo and Rochester, New York. Mike earned his Bachelor of Science degree in Accounting with a concentration in Finance from Binghamton University in Binghamton, New York.


Additional Info

Basic Course Information

Advanced Preparation None
Course Developer Business Professionals' Network, Inc.
Designed For Public and Industry Practitioners
Original Recording Date

11/4/15


Prerequisites None
Yellow Book

Yes


Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Instructional Delivery Method Live, Interactive Individual, In-House Group Webcast, In House Group Study (DVD) (available two weeks after event)
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Reviews

5
4
3
2
1

Overall:      4.4

Total Reviews: 145

Comments

Peter F

"Another great course. The openness of discussion is great. Thanks."

Rebecca L

"Appreciated the discussion of real life examples from those in public practice"

Suzanne T - Sarasota, Florida

"The PPACA section is especially relevant and helpful. I can use even more training."

Phillips K

"This was my first round table discussion webcast and I appreciate this format. I especially enjoyed Mr. Cheng's presentation style."

Stephen A

"Always enjoy Gary and Laura. I think this group is a great one to have together in the future."

Douglas W

"SSARS 21 was very useful"

Thomas C - Boise, Idaho

"Very good, and very informative."