ACCOUNTING & AUDITING

Transcription

1 New! PPC National Conference on ACCOUNTING & AUDITING Train with the experts! Washington, DC November Three specialized learning tracks from Thomson Tax & Accounting Information you need... at locations you ll love! Co-Sponsored with trainingcpe.thomson.com

2 Why PPC Conferences? PPC offers in-depth learning at conferences created to meet the needs of professionals nationwide. We gather field experts who bring attendees the most up-to-date, relevant information regarding a variety of important topics. Nationally Recognized Speakers PPC Conference presenters are superlative speakers who are hands-on practitioners and recognized authorities. Cutting-Edge Content PPC Conferences give you the guidance and tools to practice more efficiently. Conference material is based on quality, time-tested PPC guidance. Sessions focus on practical application, offering attendees hands-on, real-world solutions. Our New Conference Partner: AuditWatch AuditWatch is the recognized leader of audit productivity, offering training, consulting, and audit technology solutions. Visit trainingcpe.thomson.com/auditwatch to learn about the newest member of the Thomson Tax & Accounting CPE & Training family. Outstanding Accommodations Conference venues are luxurious resort hotels and offer not only outstanding conference accommodations, but opportunity for entertainment and relaxation. Early Bird Discount 10% Early Bird Discount if registered by October 21, 2008! Registration cost includes excellent meals continental breakfast, luncheon and refreshment breaks as well as all sessions, conference materials, and reception. Registration Fee: $769 $692 Early Bird Discount Price CPE Credit PPC 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN Website: PPC Conferences are group-live delivery method. Unless otherwise stated, no prerequisites or advanced preparation are required. For more CPE information on learning objectives and administrative policies such as refund and cancellation, visit our website. Other 2008 Conferences from PPC PPC Nonprofit and Government Conference June 5 6 Orlando, FL Risk Assessment Revisited: PPC Best Practices Conference June 9 10 Orlando, FL August 7 8 Washington, DC September New Orleans, LA November 6 7 Las Vegas, NV PPC Conference on Tax Planning for High-Income Clients July La Jolla, CA August Washington, DC PPC Users Conference: Best Practices in Implementing the PPC Approach September Las Vegas, NV October 2 3 Orlando, FL trainingcpe.thomson.com

3 New! PPC National Conference on Accounting and Auditing Co-Sponsored with Join PPC and the AuditWatch team along with other national experts at the premier accounting and auditing conference for CPAs in public practice. You will be brought up to date on the latest accounting and auditing activities and trends and will receive practical guidance and tools on a variety of real-world topics. Conference Date and Location November 20 21, 2008 Washington, DC JW Marriott, $249 per single/double room for the conference. Reservations must be made by October 15, Reserve your room early as discount room rates fill quickly! Conference Speakers Speakers for this event will include nationally recognized experts and members of the AuditWatch and PPC Editorial Teams. Speakers also include Harold Monk, CPA and Judy O Dell, CPA. Harold Monk, CPA Partner, Davis, Monk & Company Chairman, AICPA Auditing Standards Board Judy O Dell Consultant PPC Seminar Author and Instructor Registration Fee: $769 $692 Early Bird Discount Price if you register by October 21, 2008 Save 10%! Registration fee includes all sessions, conference materials, continental breakfasts, refreshment breaks, luncheon, and reception. CPE Information CPE Credit: 16 Hours Field of Study & Program Level: Accounting, Auditing Intermediate Prerequisite: Knowledge of accounting and auditing Conference Objectives After the conference, participants will be able to recognize common new GAAP issues they may face in their practice, begin the communication process with clients and other colleagues on potential changes to GAAP, begin applying select new technical guidance to specific client situations, identify the need for firm and client training needs on select topics for 2009 and beyond, and share best practices in applying risk-based auditing concepts. Who should attend? This conference is designed for all members of accounting and auditing firms or other named Quality Control groups as well as partners, managers, and practice leaders with significant technical oversight responsibilities.

4 PPC National Conference on Accounting and Auditing Day 1 7:00 8:00 Registration Continental Breakfast 8:00 9:15 Opening General Session Auditing Standards Update Speaker: Harold Monk, CPA AICPA Auditing Standards Board Chairman Harold Monk will provide his insights on what is on tap for the Audit Industry as well as responses to frequently asked questions regarding new standards and their implementation. 9:15 10:30 Concurrent Sessions A A1 Business Combinations and Noncontrolling Interests FASB has made significant revisions to the rules governing business combinations and accounting for noncontrolling interests. These rules will be effective next year and will potentially impact the merger and acquisition transactions currently in your clients pipelines. Coverage will include determining whether and when to consolidate or deconsolidate accounting for acquired in-process research and development assets (IPRD), accounting for contingencies, as well as other major provisions that change the current accounting and disclosures associated with business combinations. A2 Fraud What makes a business organization vulnerable to fraud? What unique fraud schemes and scams have been perpetrated in these organizations? This session addresses specialized fraud detection and prevention techniques. A3 GAAP 2010 Where will the accounting industry be in 2010? We will explore the direction of accounting standards and the likely convergence with international agencies, while keeping an eye on how this affects reports and compliance today. Hear the latest on the private company financial reporting project. 10:30 10:50 Refreshment Break 10:50 12:05 Concurrent Sessions B B1 Maintaining Control of Your Audit Practice This session will discuss keys to maintaining high quality and efficient audits. As the audit environment is constantly changing, it is more important than ever to maintain your focus on the fundamentals of audit productivity. B2 Internal Controls (Including New Sampling Guide Discussion) Explore efficient internal control testing strategies for nonpublic company audits in this session. We will also be looking at the new audit sampling guide and how this affects your firm s risk assessment policies. B3 SMART e-tools By automating the audit planning and risk assessment process, PPC s SMART e-practice Aids allows firms to take their audits to the next level. This session will focus on ways to allow your firm to: complete all audit planning documentation, identify and capture audit risks affecting engagements, select an audit strategy in response to risk assessment, automatically generate suggested audit programs, and diagnose inconsistencies in the audit plan. 12:05 1:00 Lunch 1:00 2:15 Concurrent Sessions C C1 Fair Value Standards This session will serve as an update on the latest FASB pronouncements on Fair Value. We will take a practical approach in presenting measurement of fair value and the significant impact that has on your firm. C2 Avoiding Common Inspection Comments Avoid common pitfalls during audit and accounting engagements. This session will discuss common PCAOB findings for smaller issuers and common peer review and inspection issues. It will offer practical guidance on how to recognize and avoid the same mistakes on your next engagements. C3 GAAP 2010 (Repeat of A3)

5 2:15 3:30 Concurrent Sessions D D1 Effective Use of Data Extraction Software with XBRL This session will focus on identifying and overcoming hurdles regarding data extraction software in small and mid-sized CPA firms. We will offer a demonstration on using DES and how to successfully integrate this process into your practice. D2 PCAOB Update This session provides an update on recently issued PCAOB auditing standards, Staff Q & As, Staff Audit Practice Alerts and the recently issued reports on how well auditors are discharging their fraud detection responsibilities and the results of their inspections of second-tier firms that audit smaller issuers. D3 SMART e-tools (Repeat of B3) 3:30 3:50 Refreshment Break 3:50 5:05 General Session Risk Assessment Standards Revisited One year later, what were the common challenges and best practices in implementing the risk assessment standards? This session will highlight ways to improve the quality and efficiency of your audits in the second year of implementation. 6:00 7:00 Networking Reception Day 2 7:00 8:00 Continental Breakfast 8:00 9:15 General Session IFRS and Convergence with US GAAP This session will explore the future of accounting standard-setting given recent developments that are accelerating the timetable for full-scale U.S. adoption of International standards. This session includes an examination of the course of the profession and a discussion of the practical implications for practitioners. 9:15 10:30 Concurrent Sessions E E1 FIN 48 Very few accounting topics evoke the emotional response that FIN 48 has. Defiant practitioners have called this the roadmap for the IRS. Others are scratching their heads trying to figure out how to apply the interpretation to such varied entities as S Corporations, LLCs, partnerships, not-for-profits, and employee benefit plans. This session will attempt to demystify the new rules, explain how they apply to small and medium-sized businesses and provide insights into their practical implications. E2 Internal Controls (Including New Sampling Guide Discussion) (Repeat of B2) SAS No. 112 and SAS No.114 establish standards for communicating with your clients before, during, and at the conclusion of the audit. This session presents a tool to evaluate internal control deficiencies and practical guidance on how to frame deficiency comments. Accounting and Auditing Research with FASB Codification Update E3 (Using Checkpoint) This session will update the latest FASB Codification as well as provide a demonstration of techniques that can help maximize efficient research in your firm. 10:30 10:50 Refreshment Break To Register Visit trainingcpe.thomson.com or call

6 10:50 12:05 Concurrent Sessions F F1 Business Combinations and Noncontrolling Interests (Repeat of A1) F2 Accounting and Auditing Issues During a Turbulent Economy It s hard to pick up a newspaper or watch a newscast without being exposed to the gloom and doom caused by the meltdown of the credit and housing markets. As accountants and auditors, this situation and the related fallout will require that we redouble our efforts to ensure that our clients financial statements realistically and transparently communicate the impact of these conditions to the community of financial statement substance of transactions and to want to look beyond the numbers. This session presents an analysis of what is going wrong, why it is happening, who is being hurt, and how it might affect your clients. F3 Training the Next Generation of Partners This session provides a look at the next generation of your firm. The session will focus on how to recruit and retain the type of people who will successfully navigate your company into the future. 12:05 1:00 Lunch 1:00 2:15 Concurrent Sessions G G1 FIN 48 (Repeat of E1) G2 Compilation and Review Update After several years with little or no activity, the Accounting and Review Services Committee (ARSC) has had a busy year issuing three new compilation and review standards between July 2007 and February This session will bring you up to date on these new developments and how they affect your practice and your client engagements. G3 Quality Control Standards Update Statement of Quality Control Standards (SQCS) 7 will be effective the beginning of next year and will require all firms that perform audits, reviews, and compilations to have a formally documented quality control system that meets certain minimum attributes. Special emphasis is placed on establishing the tone at the top and promoting a quality culture. This session provides an overview of the changes and helps practitioners assess the effects these changes may have on their own quality control policies and procedures. 2:15 3:05 General Session FASB Update This session will provide an overview and status update of the latest accounting standards. Topics will include fair value and business combinations and non controlling interest. This session will also provide an overview of specific topics that are in process or expected to be addressed. Agenda as of 3/31/08. For future updates to agenda and speaker information, visit trainingcpe.thomson.com. To Register Visit trainingcpe.thomson.com or call Thomson Tax & Accounting. Publication Print Date: April All prices, locations and availability subject to change without notice.

7 PPC A&A CONFERENCE REGISTRATION Please use this form to register via mail or fax: MAIL: P.O. Box 966 FAX: Fort Worth, TX PHONE: For more information on PPC Conferences: trainingcpe.thomson.com/ppc Name Firm Name Address Suite PO Box City State Zip Code Business Telephone Fax Please register me for the Accounting & Auditing Conference: Washington, DC November $769 Early Bird: $692* *Reflects 10% Early Bird Discount if registered by October 21! TOTAL AMOUNT ENCLOSED $ Please register me for the following sessions: Session A A1 Business Combinations/Noncontrolling Issues A2 Fraud A3 GAAP 2010 Session B B1 Maintaining Control of Your Audit Practice B2 Internal Controls/Sampling Guide Discussion B3 SMART e-tools Session C C1 Fair Value Standards C2 Avoiding Common Inspection Comments C3 GAAP 2010 Session D D1 Effective Use of Data Extraction Software/XBRL D2 PCAOB Update D3 SMART e-tools Session E E1 FIN 48 E2 Internal Controls/Sampling Guide Discussion E3 Accounting and Auditing Research/ FASB Codification Update Session F F1 Business Combinations/Noncontrolling Issues F2 Accounting and Auditing Issues During a Turbulent Economy F3 Training the Next Generation of Partners Session G G1 FIN 48 G2 Compilation and Review Update G3 Quality Control Standards Update Will you attend the Networking Reception? Yes No Full payment must accompany registration form. Please make checks payable to Thomson Tax & Accounting. Please bill the following credit card: American Express MasterCard Discover Visa Credit Card No. Exp. Date Signature Please note in accordance with the Americans with Disabilities Act, do you have any special needs? No Yes (if yes, you will be contacted) PMAA018