PPC Best Practices Conference

Transcription

1 New! RISK ASSESSMENT REVISITED PPC Best Practices Conference Train with the experts! Cutting-edge content New Orleans, LA Sept Las Vegas, NV Nov 6 7 from the Tax & Accounting business of Thomson Reuters Information you need... at locations you ll love! trainingcpe.thomson.com TAX & ACCOUNTING

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 30 days prior to the event! Registration cost includes excellent meals continental breakfast, luncheon and refreshment breaks as well as all sessions, conference materials, and reception. Registration Fee: Main Conference $659 $593 Early Bird Discount Price Optional Risk Assessment Primer $159 $143 Early Bird Discount Price Optional AuditWatch A&A Clinic $309 $278 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 Users Conference: Best Practices in Implementing the PPC Approach September Las Vegas, NV October 2 3 Orlando, FL PPC National Conference on Accounting and Auditing November Washington, DC trainingcpe.thomson.com Thomson Tax & Accounting. Publication Print Date: August All prices, locations and availability subject to change without notice.

3 New! Risk Assessment Revisited: PPC Best Practices Conference Join us and learn how your colleagues are implementing PPC best practices in risk-based audits. Exchange ideas with some of the most highly respected and influential authorities and practitioners and national experts including Harold Monk, CPA, Susan Longo, CPA, Ed Rockman, CPA on implementation of auditing standards. Also discuss with PPC and CPA firms ways to develop more efficient audit documentation, engage in technical discussion of real life audit problems, and develop customized audit strategies that respond to client business risks and meet the needs of small owner-managed businesses, mid market entities, and large companies. Two Remaining Locations for 2008! Conference Dates and Locations September 25-26, 2008 New Orleans, LA Co-sponsored by AuditWatch, and featuring AuditWatch speakers Hilton New Orleans Riverside, $159 per single/double room for the conference, pending availability Call today! November 6 7, 2008 Las Vegas, NV Caesars Palace, $225 per single/double room for the conference. Reservations must be made by October 1, Reserve your room early as discount room rates fill quickly! Registration Fee: $659 (Main Conference); $159 (Optional Risk Assessment Primer); $309 (Optional AuditWatch Accounting & Auditing Clinic) 10% Early Bird Discount if registered 30 days prior to the event! New Orleans, LA $659 $593 if registered by August 26, 2008 Las Vegas, NV $659 $593 if registered by October 7, 2008 Registration fee includes all sessions, conference materials, continental breakfasts, refreshment breaks, luncheon and reception. Available Pre-Conference Sessions: Risk Assessment Primer (Las Vegas only) November 5, :00 p.m 4:50 pm Caesar s Palace, Las Vegas, NV This pre-conference workshop will enable participants to effectively implement the risk assessment suite of audit standards and will include the following topics: an overview of risk assessment standards and processes, formulating the audit strategy, developing the detailed audit plan, gathering and documenting audit evidence as well as provide case studies on risk assessment. AuditWatch Accounting & Auditing Clinic (New Orleans and Las Vegas) September 24, :00 am 5:00 pm Hilton New Orleans Riverside, New Orleans, LA November 5, :00 am 5:00 pm Caesar s Palace, Las Vegas, NV This session provides in-depth, hands-on coverage of recent developments in accounting, auditing and financial reporting. Strong emphasis is placed on the practical application of selecting newly issued and/or effective authoritative pronouncements affecting practitioners who serve small and middle-market, privately held businesses. This clinic is designed for a high level of interaction between instructor and participants.

4 Conference Speakers Speakers for this event will include nationally recognized experts and members of the PPC Editorial Team. Keynote Speaker: Harold Monk, CPA. Session speakers will include Jerry Anderson, CPA; Jeff Hodinko, CPA; Wayne Kerr, CPA; Susan Longo, CPA; Tammy Mooney, CPA; Don Pallais, CPA; Ed Rockman, CPA, MBA; and Mary Ann White, CPA. Harold Monk, CPA Partner, Davis, Monk & Company Chairman, AICPA Auditing Standards Board Jerry Anderson, CPA Consultant Jeff Hodinko, CPA AuditWatch Wayne Kerr, CPA AuditWatch Susan Longo, CPA Consultant Tammy Mooney, CPA Executive Editor, PPC Guide to Risk Assessment Don Pallais, CPA Consultant Ed Rockman, CPA Recently Retired Partner, Alpern Rosenthal Mary Ann White, CPA Executive Editor, PPC Guide to Risk Assessment Conference speakers will vary by location CPE Information CPE Credit: 12 Hours (Main Conference); 4 Hours (Pre-Conference); 8 Hours (Accounting & Auditing Clinic) Field of Study & Program Level: Auditing Intermediate Prerequisite: Knowledge of risk based auditing (Main & Pre-Conference); Knowledge of accounting & auditing (Accounting & Auditing Clinic) Optional Pre-conference session available only in Las Vegas. Optional Accounting & Auditing Clinic available in Las Vegas and New Orleans. Conference Objectives This conference will give you the tools to be able to support audit efficiency efforts which drive better client service and measure the progress of your organization toward more effective riskbased auditing. Who should attend? Practitioners who have audit practice responsibility. To Register Visit trainingcpe.thomson.com or call

5 Risk Assessment Revisited: PPC Best Practices Conference Day 1 7:30 8:30 Registration Continental Breakfast 8:30 9:45 Opening General Session Opening Remarks Risk Assessment Practices and Lessons Learned: One Firm s Story One busy season later, what best practices were utilized to effectively and efficiently implement the risk assessment standards? This session will detail how one firm converted to the new audit approach. Examples from the firm s client base will include small owner-managed businesses, mid-market entities, and large companies. 9:45 10:15 Refreshment Break 10:15 11:45 Concurrent Sessions A A1 Evaluating Internal Controls for the Small Client When auditing smaller clients, it s critical to know how much understanding of internal control is enough that is, when to stop so you can still be effective without blowing the budget. This session answers the following question related to evaluating the small client s internal controls: After I understand my client s entity-level controls, do I need a further understanding of control activities? A2 Linkages in Risk Assessment Mid-Size Client Considerations There are key links between business risk and the risk of material misstatement of the financial statements that you can t afford to miss. These linkages in risk assessment will be discussed in relation to the mid-size client. Topics will include linking fraud, materiality, risk indicators, significant audit risks, internal control evaluation, and analytical procedures. This session will also underscore how these linkages are integrated in the PPC Practice Aids. A3 Customizing Your Audit Plan: Trusting Your Risk Assessment Instincts (Large Client Focus) This session will focus on methods for maximizing audit efficiencies in larger client engagements. Topics will include: risk assessment procedures, developing an overall audit strategy, tailoring audit programs, and using planning meetings to drive decision making. The large client track will also address maximizing audit efficiency in niche industry practices, with special emphasis on creating standardized templates for risk assessment. 11:45 12:45 Lunch 12:45 2:15 Concurrent Sessions B B1 Linkages in Risk Assessment Small Client Considerations There are key links between business risk and the risk of material misstatement of the financial statements that you can t afford to miss. These linkages in risk assessment will be discussed in relation to the smaller client. Topics will include linking fraud, materiality, risk indicators, significant audit risks, internal control evaluation, and analytical procedures. This session will also underscore how these linkages are integrated in the PPC Practice Aids. B2 Maximizing Audit Efficiencies: Mid-Market Client Issues This session will focus on methods for maximizing audit efficiencies in mid-size client engagements. Topics will include: risk assessment procedures, developing an overall audit strategy, tailoring audit programs and using planning meetings to drive decision making. This session will also address converting from balance sheet to transaction cycle auditing for the mid-market client. B3 Leveraging the Large Client s Internal Control Systems in Your Risk Assessment For larger clients, once you understand the entity and the design of its internal controls, greater focus is often placed on obtaining a further understanding control activities. This session will focus on leveraging the internal control systems of larger clients for greater audit effectiveness and efficiency, including rotating internal control testing, evaluating client documentation of internal controls, relying on service organization controls and performing dual purpose testing. 2:15 2:35 Refreshment Break 2:35 4:05 Concurrent Sessions C C1 Best Practices in Maximizing Audit Efficiencies: Small Clients This session will focus on best practices for maximizing audit efficiencies in smaller client engagements. Topics will include: risk assessment procedures, developing an overall audit strategy, tailoring audit programs and using planning meetings to drive decision making. This session will also address leveraging the consistency, stability, and predictability of small client financial statements to help you be more effective and efficient.

6 2:35 4:05 Concurrent Sessions C (CONTINUED) C2 Evaluating the Design and Implementation of Key Controls for Mid-Market Clients This session will focus on identifying and evaluating key controls for mid-market clients and will answer such questions as: What is a key control? What do I have to know about key controls? What are control objectives and how do they help me evaluate control design? What is the difference between a walkthrough and a test of controls? This session will also discuss linking the internal control evaluation to the risk assessment. C3 Linkages in Risk Assessment Large Client Considerations There are key links between business risk and the risk of material misstatement of the financial statements that you can t afford to miss. These linkages in risk assessment will be discussed in relation to the larger client. Topics will include linking fraud, materiality, risk indicators, significant audit risks, internal control evaluation, and analytical procedures. This session will also underscore how these linkages are integrated in the PPC Practice Aids. 4:05 4:15 Change Break 4:15 5:10 Concurrent Sessions D D1 What You Need to Know About PPC Audit Guides in 2008 This session will discuss updates and changes to your 2008 PPC Audit Guides. Special emphasis will be placed on which practice aids have changed and what primary changes have been made, practice aids that have not changed, and what your firm can do to adopt the changes in the most efficient manner. D2 Realizing Efficiencies Using SMART epractice Aids Focus on ways to gain efficiencies through practical application of PPC SMART e-practice Aids Risk Assessment using a case study approach. This includes discussion of PPC s new SMART tool the Internal Control Analyzer. D3 Risk Assessment Issues for Specialized Industries What are the key pitfalls you need to avoid as you apply risk assessment at your specialized industry clients? This session will discuss a variety of best practices in risk assessment relating to PPC industry-focused guides, including nonprofit organizations, governmental entities, constructions contractors and employee benefit plans. 5:10 6:10 Networking Reception Day 2 7:30 8:30 Continental Breakfast 8:30 9:45 General Session Where Do We Go from Here? Standard Setters Response to Frequently Asked Questions Harold Monk, CPA Always informative, AICPA Auditing Standards Board Chairman and Keynote Speaker, Harold Monk will provide insight on what is on tap for the audit industry and respond to frequently asked questions regarding new standards and implementation. 9:45 10:15 Refreshment Break 10:15 11:10 Concurrent Sessions E E1 E2 E3 What You Need to Know About PPC Audit Guides in 2008 (Repeat of D1) Realizing Efficiencies Using SMART epractice Aids (Repeat of D2) Risk Assessment Issues for Specialized Industries (Repeat of D3) 11:10 11:20 Change Break 11:20 12:30 Closing General Session & Wrap Up Panel Discussion on Key Implementation Issues and Best Practices All general and concurrent session speakers will participate in this discussion, which will also provide the opportunity for Q & A. This session will be your opportunity to have issues clarified and to ask questions on a variety of risk assessment implementation topics. Let us know what s keeping you up at night and where your staff is struggling. Agenda as of 8/15/08. For future updates to agenda and speaker information, visit trainingcpe.thomson.com.

7 RISK ASSESSMENT 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 following Risk Assessment Conference: City/State Date Registration Fee Circle option(s) below Main Conference Registration Only $659 Early Bird: $593* Add on Optional Pre-Conference Sessions: Risk Assessment Primer, 4 hrs. (Las Vegas only) $159 Early Bird: $143* AuditWatch Accounting & Auditing Clinic, 8 hrs. (New Orleans or Las Vegas) $309 Early Bird: $278* Special Price: Main Conference + AuditWatch A&A Clinic $799 Special Discount!** *Reflects 10% Early Bird Discount if registered 30 days prior to conference! (**Special Discount: No expiration.) TOTAL AMOUNT ENCLOSED $ Please register me for the following sessions: Session A A1 Evaluating Entity Level Controls, Small Client A2 Linkages in Risk Assessment, Mid-size Client A3 Customizing your Audit Plan, Large Client Session B B1 Linkages in Risk Assessment, Small Client B2 Maximizing Audit Efficiencies, Mid-Market Client B3 Leveraging the Large Client s Internal Control System Session C C1 Maximizing Audit Efficiencies, Small Client C2 Key Controls, Mid-Market Client C3 Linkages in Risk Assessment, Large Client Session D D1 PPC Audit Guides in 2008 D2 Smart epractice Aids D3 PPC Specialized Industry Applications Session E E1 PPC Audit Guides in 2008 E2 Smart epractice Aids E3 PPC Specialized Industry Applications Will you attend the Networking Reception? Yes No Full payment must accompany registration form. Please make checks payable to Thomson Reuters. 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) PMRA028