This course will cover the hot topics of 2019. We’ll look at the modifications to auditor's report issued by the AICPA. We’ll cover implementation issues with revenue recognition and leases. We’ll also look at risk assessment common deficiencies. This course will cover what the standard setters are prioritizing.
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• Discuss the changes in accounting for leases
• Describe common risk assessment deficiencies
• Modifications to the auditor’s report
• Identify the new guidance in revenue recognition
The AICPA has identified that one in ten audit firms are not compliant with the risk assessment standards. This course will discuss how to properly identify risks and assess risk under AU-C 315. We’ll then discuss how to respond to identify risks under AU-C 330. The course will focus on the audit risk model and focus on both inherent risk and internal controls.
• Recite audit risk model
• Perform risk assessment procedures compliant with the audit standards
J. William Strickland, CPA and tax attorney, and a representative from the South Carolina Department of Revenue Policy Division, will answer your tax update questions in this informative session:
What has the legislature done? What happened with sales tax on e-tailers? What are the current Department of Revenue initiatives? How can CPAs and The Department of Revenue collaborate to serve the taxpayers of South Carolina?
Answers will be provided from legislation, regulations, rulings, cases, Department of Revenue Policy and the presenter’s personal experience.
Mindful Leadership: Embracing the Power of Communication
Effective communication, a powerful leadership must have.
All too often, we struggle to communicate effectively--particularly with others who are different from us in some way. In today’s workplace, it is not uncommon for there to be up to four generations working for the same company. As a leader, communications can become frustrating for you and your management team and employees, the recipients of the communications. To be an effective leader, one who inspires confidence in others and drives effective decision making and teamwork, you need to develop effective communication skills to bring out the best in yourself and the best in others. Before leading others, you need to identify and embrace your personal leadership style and understand the fundamental importance of emotional intelligence for successful leading in senior roles. Through research and real-world examples, you will examine your leadership style(s) and learn strategies to enhance your communication skills and approach. In this training, you will learn approaches to create opportunities for clear and authentic communication, where people across differences feel safe to speak up and share ideas. Discover or fine tune your own communication strengths to build effective teams and relationships.
Business Ethics is not just something "nice to do." It creates a long-term competitive advantage that separates you from the pack. This session walks you through the steps to create an ethical business culture and teaches specific ways CPAs can make better ethical decisions.Find out more
This course will cover nothing older than the Tax Cuts and Jobs Act of 2017 and will include every IRS explanation of how various parts of that law are supposed to work. These updates are comprehensive reviews of significant developments in Federal tax law, primarily during the last 12 months. The content is essential knowledge for any CPA providing tax advice or assisting in preparation of Federal income tax returns. Learn how the IRS is interpreting parts of the Tax Cuts and Jobs Act. Follow how federal courts are dealing with issues subject to interpretation. Learn planning and compliance strategies from recognized experts that can benefit your clients.Find out more
Discussion Leader Adam Drewes, CPAFind out more
Discussion Leader Carmen Price, CPAFind out more