Accounting and Auditing

Non-Profit Reporting (SMAA25/19)

By |2018-08-16T21:18:39+00:00June 11th, 2019|

All reporting begins with basic financial statements. Topics in this course and the special needs of Nonprofits range from the historic types of net assets to the various forms of revenue and expenses.

Key Topics:
• What the new Accounting Standards Codification (ASC) types of Net Assets will be
• Pros and cons of classified vs. unclassified statements of Net Assets
• Treatment of endowments created by the organization and monies held (e.g., Foundation for the Carolinas)
• The “income statement” and major sections
• How to classify revenue such as contributions, program service fees, grants from SC or the federal government, grants from agencies (e.g., United Way)
• Investment income and Unrelated Business Income (UBI), and what can trigger UBI
• The new ASC related to classification and restrictions (the columns)
• Types of functional expenses
• How this fits in with the statement of functional expenses
• Footnotes not found in for-profit entities
• Supplemental schedules included, such as functional expenses by fund, division or program; budget vs. actual supplemental schedules and other
• Religious organizations and differences when using cash or modified cash
• Resources for finding example statements and footnotes, other nonprofit resources to help with financial reporting
• Leases and revenues from new ASC (time permitting)

A&A Update (SMAA23/19)

By |2018-08-16T21:18:37+00:00May 23rd, 2019|

Some days it seems as though the accounting profession is changing faster than a CPA can keep up. This full-day webinar will get you up-to-date on the year’s accounting and auditing activities. Recently issued or effective authoritative literature is discussed, along with current accounting and auditing issues. This webinar provides the big picture on a wide breadth of topics while focusing on what you need to know now about each new development.

Compilation & Review (inc. preparation) (SMAA24/19)

By |2018-08-16T21:18:38+00:00May 23rd, 2019|

This powerful and comprehensive course will enable you to be in compliance with all professional standards surrounding engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARSs). It is a go-to reference for training staff and managing your preparation, compilation and review engagements.

This practice-oriented review of the latest developments and cases will be informative and practical thanks to lively discussion among the experienced participants.

This resource provides hard copies of all sample engagement letters, procedure checklists, illustrative reports and more contained in The Essential SSARS No. 21-23 Implementation Toolkit to assist you with implementing new SSARS requirements.

A&A Update (SMAA21/19)

By |2018-08-16T21:18:38+00:00May 22nd, 2019|

Some days it seems as though the accounting profession is changing faster than a CPA can keep up. This full-day webinar will get you up-to-date on the year’s accounting and auditing activities. Recently issued or effective authoritative literature is discussed, along with current accounting and auditing issues. This webinar provides the big picture on a wide breadth of topics while focusing on what you need to know now about each new development.

A&A Update (SMAA20/19)

By |2018-08-16T21:18:34+00:00May 21st, 2019|

Some days it seems as though the accounting profession is changing faster than a CPA can keep up. This full-day webinar will get you up-to-date on the year’s accounting and auditing activities. Recently issued or effective authoritative literature is discussed, along with current accounting and auditing issues. This webinar provides the big picture on a wide breadth of topics while focusing on what you need to know now about each new development.

ERISA Audits (SMAA17/19)

By |2018-08-16T21:18:29+00:00May 9th, 2019|

Audits of employee benefit plans are among the leading causes of AICPA ethics investigations. With the increase in DOL investigations and changing peer review requirements, employee benefit plans are becoming an area of focus and risk. Avoid unwittingly adding your company or firm — and yourself — to the list of tarnished reputations.

This seminar will enable you avoid common pitfalls and:
• Perform an efficient and effective audit in accordance with GAAS
• Ensure the plan’s financial statements comply with GAAP, ERISA and DOL regulations
• Understand auditors’ responsibilities for Form 5500
• Stay abreast of the current and/or upcoming changes

ERISA Audits (LIVESTREAM) (LIAA17/19)

By |2018-10-11T11:37:24+00:00May 9th, 2019|

Audits of employee benefit plans are among the leading causes of AICPA ethics investigations. With the increase in DOL investigations and changing peer review requirements, employee benefit plans are becoming an area of focus and risk. Avoid unwittingly adding your company or firm — and yourself — to the list of tarnished reputations. 

This seminar will enable you avoid common pitfalls and:

  • Perform an efficient and effective audit in accordance with GAAS
  • Ensure the plan’s financial statements comply with GAAP, ERISA and DOL regulations
  • Understand auditors’ responsibilities for Form 5500
  • Stay abreast of the current and/or upcoming changes

Compilation & Review (inc. preparation) (SMAA16/19)

By |2018-08-16T21:18:25+00:00January 8th, 2019|

This powerful and comprehensive course will enable you to be in compliance with all professional standards surrounding engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARSs). It is a go-to reference for training staff and managing your preparation, compilation and review engagements.

This practice-oriented review of the latest developments and cases will be informative and practical thanks to lively discussion among the experienced participants.

This resource provides hard copies of all sample engagement letters, procedure checklists, illustrative reports and more contained in The Essential SSARS No. 21-23 Implementation Toolkit to assist you with implementing new SSARS requirements.

Compilation & Review (inc. preparation) (LIAA16/19)

By |2018-10-11T11:36:43+00:00January 8th, 2019|

This powerful and comprehensive course will enable you to be in compliance with all professional standards surrounding engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARSs). It is a go-to reference for training staff and managing your preparation, compilation and review engagements.

This practice-oriented review of the latest developments and cases will be informative and practical thanks to lively discussion among the experienced participants. 

This resource provides hard copies of all sample engagement letters, procedure checklists, illustrative reports and more contained in The Essential SSARS No. 21-23 Implementation Toolkit to assist you with implementing new SSARS requirements.

Fraud Workshop: Prevention, Detection (SMAA15/19)

By |2018-08-16T21:18:18+00:00December 11th, 2018|

This course provides a detailed look at many of the steps in the process of fraud prevention, detection and response. You will learn case management procedures such as how to assess risk, prevention and deterrence controls, detection procedures, investigation and response, and follow-through corrective actions.

Fraud Workshop: Prevention, Detection and Response (LIAA15/19)

By |2018-10-11T11:37:02+00:00December 11th, 2018|

This course provides a detailed look at many of the steps in the process of fraud prevention, detection and response. You will learn case management procedures such as how to assess risk, prevention and deterrence controls, detection procedures, investigation and response, and follow-through corrective actions.

Compilation & Review (inc. preparation) (SMAA14/19)

By |2018-08-16T21:18:16+00:00December 11th, 2018|

This powerful and comprehensive course will enable you to be in compliance with all professional standards surrounding engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARSs). It is a go-to reference for training staff and managing your preparation, compilation and review engagements.

This practice-oriented review of the latest developments and cases will be informative and practical thanks to lively discussion among the experienced participants

This resource provides hard copies of all sample engagement letters, procedure checklists, illustrative reports and more contained in The Essential SSARS No. 21-23 Implementation Toolkit to assist you with implementing new SSARS requirements.

Compilation & Review (LIVESTREAM) (LIAA14/19)

By |2018-10-11T11:36:32+00:00December 11th, 2018|

This powerful and comprehensive course will enable you to be in compliance with all professional standards surrounding engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARSs). It is a go-to reference for training staff and managing your preparation, compilation and review engagements.

This practice-oriented review of the latest developments and cases will be informative and practical thanks to lively discussion among the experienced participants. 

This resource provides hard copies of all sample engagement letters, procedure checklists, illustrative reports and more contained in The Essential SSARS No. 21-23 Implementation Toolkit to assist you with implementing new SSARS requirements.

Revenue Recognition (SMAA13/19)

By |2018-09-19T11:22:34+00:00November 28th, 2018|

Revenue recognition changes could impact wording in contracts, tax planning strategies, budgets, debt covenant compliance, incentive compensation plans, and more. In other words, this comprehensive change in revenue recognition is so much more than simply understanding the resulting debits and credits in the financial statements. As such, it is imperative that all accounting and auditing practitioners at all levels, in both public accounting and business and industry, begin their review and preparation for implementing Topic 606 NOW.

During the course you will:

  • Identify the changes made to financial statements under the new revenue recognition standard and learn the five-step model
  • Identify the contract(s) with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) the entity satisfies a performance obligation.

Leases (SMAA12/19)

By |2018-09-19T11:21:45+00:00November 28th, 2018|

How do the leasing requirements in the new standard differ from current GAAP? This webcast addresses that question by examining the core principles of the new standard, including identification, recognition, measurement, presentation and disclosure requirements.

During this course you will learn how to:

  • Identify the changes that will be made to financial statements under the new lease standard.
  • Recognize how existing leases will be handled when the new guidance is adopted.
  • Determine the effect the new standard has on future lease terms.
  • Recognize how the new standard will affect financial statement ratios.

Construction Contractors and Methods (SMAA11/19)

By |2018-08-16T21:17:40+00:00September 26th, 2018|

This class will start by examining some of the basic balance sheet and income statement accounts used for construction contractors, as well as the basics of inventory related to land, developed lots, and home and commercial construction. There will then be in-depth looks topics such as methods of accounting, tax laws and real estate sales.

Construction Contractors and Methods of Accounting – LIVESTREAM (LIAA11/19)

By |2018-09-25T19:38:29+00:00September 26th, 2018|

This class will start by examining some of the basic balance sheet and income statement accounts used for construction contractors, as well as the basics of inventory related to land, developed lots, and home and commercial construction. There will then be in-depth looks topics such as methods of accounting, tax laws and real estate sales.

Fraud Workshop: Prevention, Detection and Response (SMAA10/19)

By |2018-08-16T21:17:32+00:00August 29th, 2018|

This course provides a detailed look at many of the steps in the process of fraud prevention, detection and response. You will learn case management procedures such as how to assess risk, prevention and deterrence controls, detection procedures, investigation and response, and follow-through corrective actions.

Risk Assessment in an Audit (SMAA09/19)

By |2018-08-16T21:18:46+00:00August 23rd, 2018|

Auditors will learn how to utilize a risk-based approach within their engagements to enhance audit quality. Auditors continue to struggle with effective and efficient execution of the Risk Assessment Standards. Common deficiencies include an over-reliance on checklists and inadequate documentation of audit risk assessment, including linkage of audit procedures to the risks they are designed to address. The AICPA Peer Review team continues to see common audit deficiencies relating to risk assessment.

All auditors involved in applying the risk assessment requirements will benefit from this course.

Recent auditing standards have emphasized the initial information gathered and important conclusions reached during risk assessment procedures to identify and evaluate risk of material misstatement in a financial statement audit.

These important procedures provide the basis for determining how much effort will be invested in evaluating the design and implementation of internal controls. In addition, these procedures provide the rationale for effectively and efficiently designing the nature, timing and extent of further audit procedures (which includes tests of controls for operating effectiveness and substantive audit procedures).

A&A Update (SMAA07/19)

By |2018-08-16T18:48:47+00:00August 17th, 2018|

With the rate of change in today's regulatory environment, you must stay current on all the topics impacting the profession. With a focus on the big picture, you’ll learn everything you need to know to be up-to-date on the year’s accounting and auditing activities. We’ll discuss a wide breadth of topics while focusing on what you need to know now about each new development.