Dear Loscalzo Clients:

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3 Dear Loscalzo Clients: We are happy to provide you with our 2015 Catalog! Our profession has seen a significant amount of activity both technically (new revenue recognition standard) and professionally (ARSC Clarity). Loscalzo s programs continue to be on top of these changes. In 2015, we are happy to roll out 14 NEW programs detailed in this letter. First, however, we want to bring to your attention that Loscalzo Associates is also undergoing some changes that we believe will only enhance your experience with us. Most significantly: Our Catalog: You will notice a change to the format: We have grouped all of our 8, 4 and 2-hour programs according to the area of learning in an effort to simplify how you find the best program for your needs We removed Loscalzo from the beginning of each program title name so you can easily identify the topic for each program We provided both an Alphabetical and Index at the back of the catalog What we did not change is your ability to shuffle any and all of our programs to meet your half or full day needs! Our Program Delivery: While we continue to offer superior programs, we have changed just a few things in how they are delivered: The Format: A selection of programs is now available in a workshop format. These programs are example and case study driven to encourage participation and discussion among participants. Our Accounting for New Revenue Standard is being offered in two formats: an 8-hour lecture or an 8-hour workshop! The Focus: We have begun to organize our programs based on the participants: the practitioner and those in industry. While some are directly focused on the participants in the title (i.e., GAAP for the Practitioner and GAAP for Industry), others are highlighted within the program description. Our Fields of Study: We are pleased to announce that we are moving into the Professional Development field of study with the addition of a Business Communications program. We are hoping this is the first of many expansions into other offerings available to our clients. While the changes may not be dramatic, we hope that they reflect our commitment to continue to evolve to meet your needs. Now onto our new programs for 2015! i

4 We have 14 new programs of varying lengths to introduce in 2015 as follows: 8-Hour Programs: 2015 FASB and AICPA Update: Our bestselling program for the past 29 years, this comprehensive program covers all things in accounting and auditing. The update contains all Accounting Standard Updates issued by the FASB in the past 12 months, updates coming from the AICPA, Accounting Standards Board and Accounting and Review Services Committee and any other areas of interest for the profession. The program is updated throughout the year to reflect the most current items of interest. Accounting for New Revenue Standard: It may be a simple title but the program is the most comprehensive coverage of where we are today and where we will be tomorrow. The most exciting thing is, we realize that people learn differently and have different levels of comfort when it comes to the learning environment, that is why the program is offered in two different formats: 8-hour lecture: Delivered in our standard format, the program is a combination of lecture and illustrative examples, best suited for participants who like to learn quietly and may be hesitant to participate actively during class 8-hour workshop: A combination of up-front lecture in the morning followed by an active case study driven afternoon. This program is perfect for those participants who like to engage in programs and work through hands-on problem solving. The environment is sure to drive lively discussion and debate on the new way of recognizing revenue! Fraud for Industry AND Fraud for Practitioners: Two distinct programs with the participant in mind. While the basics of fraud (who, where and why) are covered in both, Fraud for Industry will cover things such as how to build an anti-fraud environment and what to do if you discover fraud in an organization. Fraud for Practitioners focuses on the practitioner s responsibility in regards to fraud at clients. GAAP for Industry AND GAAP for Practitioners: Understanding that different areas of accounting affect different participants, we have taken our popular GAAP program and divided it into two! Each program focuses on those areas of GAAP that prove most challenging to either the professional in industry (i.e., fair value) or CPA practitioners (i.e., deferred taxes). Compliance Auditing from Start to Finish: For those participants working on nonprofit and/or public sector clients, this program presents a start-to-finish approach to compliance auditing useful in performing procedures in a single audit Current Practice Issues and Update for Audits of Employee Benefit Plans: Another popular program for CPAs responsible for the audits of employee benefit plans, this course identifies and addresses the more difficult areas of accounting and auditing of these engagements. ii

5 4-Hour Programs: Accounting for New Revenue Standard: A truncated version of our 8-hour lecture, this program provides the basics of the new revenue standard including illustrative examples. Accounting & Auditing Update: The shorter version of the 2015 FASB and AICPA Update, focusing on FASB activities and audit related issues. FASB UPDATE: Focusing 100% on FASB Board activities including Accounting Standard Updates for the past 12 months including Private Company Council initiatives as well as projects on the horizon Professional Ethics for CPAs: Formatted and delivered under the new Ethics Framework. Business Communications: Our first venture into Professional Development, this program covers the basics of effective communication in the workplace. Rolled out to a select group of test participants in the summer of 2014, the program received a 4.8 evaluation rating. 2-Hour Program: Peer Review Disclosure Deficiencies How to Solve them: This program covers the most common peer reviewed disclosure areas and tips on overcoming them. As always, our programs are delivered by our outstanding Discussion Leaders highlighted in the back of the catalog. We would like to thank each and every one of you for your continued loyalty to Loscalzo Associates. We are only as good as those we serve and we are proud to serve some of the best firms, societies, and organizations in the country! Please feel free to reach out to any member of our team should you have any questions on our program offerings: Stacey Painter, President (732) or Stacey@loscalzo.com For Accounting Firms and Associations, contact AnnMarie Meyer at (732) or Annmarie@loscalzo.com For State Societies, contact Helene Gomes at (732) or Helene@loscalzo.com Any issues concerning our offerings or Loscalzo related matters can be directed to: Desiree Smith, Administrative Director at (732) or Desiree@loscalzo.com Looking forward to a great 2015! Stacey Painter, CPA President Loscalzo Associates, Ltd. iii

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7 Table of Contents New Programs... 1 Accounting and Auditing Programs Hour Program(s) FASB and AICPA Update NEW! (FAU)... 5 Accounting for New Revenue Standard Workshop NEW! (ANR)... 6 Fraud for Industry NEW! (FRAUDI)... 7 Fraud for the Practitioner NEW! (FRAUDP)... 8 GAAP for Industry NEW! (GAAPI)... 9 GAAP for the Practitioner NEW! (GAAPP) Compilation and Review Practice Guide (CRP) Documentation Techniques for Entry Level Staff (DTE) Reviewing Documentation Effectively (RDE) Testing and Understanding Internal Control A Workshop (TUIC) Risk-Based Audit Standards: Effective Utilization (RBA) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) Disclosure The Key to Financial Statements (DKFS) FAQ Accounting and Auditing (FAQAA) Improve Your Accounting and Finance Teams Effectiveness (IAF) Special Purpose Frameworks (SPF) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) Hour Program(s) Accounting for New Revenue Standard NEW! (ANR4) Accounting and Auditing Updates NEW! (AAU4) Deceptive Accounting Practices (DAP4) Fair Value Accounting (FVA4) FAQ GAAP Financial Statements (FAQG4) Financial Reporting Framework for Small- and Medium-Sized Entities (FRF4) Pitfalls and Problems in Financial Statement Disclosures (PPF4) Tax Basis and Other Special Purpose Frameworks Presentations (SPF4) Analytical Procedures Workshop (APW4) Compilation and Review Practice Guide (CRP4) FAQ Audit Issues (FAQAI4) Planning Cost Efficient and Effective Audits (PCE4) Hour Program(s) FASB Updates NEW! (FASB2) Analyzing Financial Statements A Guide (AFS2) Consolidation of Variable Interest Entities Revisited (CVI2) Inventory and Receivables Handling the Risk (IRH2) Dangers of Improper Revenue Recognition (DIR2) Analytical Procedures for Reviews and Audits (APR2) Efficiency and Effectiveness in Documentation Review (EED2) Meeting Documentation Requirements in Your Workpapers (MDR2) Peer Review Disclosure Deficiencies How to Solve Them? NEW! (PRD2) Recent Compilation and Review Issues (CRP2) Related Party Transactions A Recurring Issue (RPT2) Nonstatistical Sampling for Efficient Audits (NSE2) v

8 Table of Contents Governmental and Not-For-Profit Programs Hour Program(s) Compliance Auditing from Start to Finish NEW! (CAS) Essentials of Nonprofit Auditing (ENA) FAQ Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP) Nonprofit, Government and Compliance Update (NGCU) Nonprofit Industry Update and GAAP Refresher (NIU) Compliance Auditing: Questions from the Field (CAQ) Hour Program(s) Identifying and Addressing the Risk of Fraud in Nonprofit Organizations (IAR4) Employee Benefit Plans Programs Hour Program(s) Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI) Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC) FAQ Employee Benefit Plan Accounting and Auditing (FAQEBP) Staff Level Training Programs (All 2-Day Programs) Hour Program(s) Entry Level Staff A&A Staff Level 1 (SL1) Experienced Staff A&A Staff Level 2 (SL2) In-Charge Staff A&A Staff Level 3 (SL3) Professional Ethics Programs Hour Program(s) Professional Ethics for CPAs NEW! (ETHICS4) Professional Development Program Hour Program(s) Business Communication NEW! (BC) Management & Discussion Leaders Alphabetical Index Index vi

9 New Programs 2015 FASB and AICPA Update NEW! (FAU)... 5 Accounting for New Revenue Standard Workshop NEW! (ANR)... 6 Fraud for Industry NEW! (FRAUDI)... 7 Fraud for the Practitioner NEW! (FRAUDP)... 8 GAAP for Industry NEW! (GAAPI)... 9 GAAP for the Practitioner NEW! (GAAPP) Accounting for New Revenue Standard NEW! (ANR4) Accounting and Auditing Updates NEW! (AAU4) FASB Updates NEW! (FASB2) Peer Review Disclosure Deficiencies How to Solve Them? NEW! (PRD2) Compliance Auditing from Start to Finish NEW! (CAS) Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI) Professional Ethics for CPAs NEW! (ETHICS4) Business Communication NEW! (BC)

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11 Accounting and Auditing Programs Table of Contents Accounting and Auditing Programs Hour Program(s) FASB and AICPA Update NEW! (FAU)... 5 Accounting for New Revenue Standard Workshop NEW! (ANR)... 6 Fraud for Industry NEW! (FRAUDI)... 7 Fraud for the Practitioner NEW! (FRAUDP)... 8 GAAP for Industry NEW! (GAAPI)... 9 GAAP for the Practitioner NEW! (GAAPP) Compilation and Review Practice Guide (CRP) Documentation Techniques for Entry Level Staff (DTE) Reviewing Documentation Effectively (RDE) Testing and Understanding Internal Control A Workshop (TUIC) Risk-Based Audit Standards: Effective Utilization (RBA) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) Disclosure The Key to Financial Statements (DKFS) FAQ Accounting and Auditing (FAQAA) Improve Your Accounting and Finance Teams Effectiveness (IAF) Special Purpose Frameworks (SPF) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) Hour Program(s) Accounting for New Revenue Standard NEW! (ANR4) Accounting and Auditing Updates NEW! (AAU4) Deceptive Accounting Practices (DAP4) Fair Value Accounting (FVA4) FAQ GAAP Financial Statements (FAQG4) Financial Reporting Framework for Small- and Medium-Sized Entities (FRF4) Pitfalls and Problems in Financial Statement Disclosures (PPF4) Tax Basis and Other Special Purpose Frameworks Presentations (SPF4) Analytical Procedures Workshop (APW4) Compilation and Review Practice Guide (CRP4) FAQ Audit Issues (FAQAI4) Planning Cost Efficient and Effective Audits (PCE4) Hour Program(s) FASB Updates NEW! (FASB2) Analyzing Financial Statements A Guide (AFS2) Consolidation of Variable Interest Entities Revisited (CVI2) Inventory and Receivables Handling the Risk (IRH2) Dangers of Improper Revenue Recognition (DIR2) Analytical Procedures for Reviews and Audits (APR2) Efficiency and Effectiveness in Documentation Review (EED2) Meeting Documentation Requirements in Your Workpapers (MDR2) Peer Review Disclosure Deficiencies How to Solve Them? NEW! (PRD2) Recent Compilation and Review Issues (CRP2) Related Party Transactions A Recurring Issue (RPT2) Nonstatistical Sampling for Efficient Audits (NSE2) Accounting and Auditing

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13 8-Hour Program(s) 2015 FASB and AICPA Update NEW! (FAU) Loscalzo s most sought after course. This course is a must to keep you on top of the continuing changes in the profession. Whether these changes are in technical standards or professional standards, the course authors will evaluate and emphasize those changes with broad application and offer detailed practical guidance and illustrations. All firms, all staff, all CPAs all accountants needing a good year-round update on recently issued standards. Participants will be able to apply the changes and discuss the issues surrounding recently issued accounting, auditing, compilation and review pronouncements, and relevant proposals. This program focuses on all things the accounting professional should be aware of including: Accounting standard updates... FASB/IASB convergence projects Private company issues Audit service issues ARSC initiatives, compilation and review updates and initiatives, AICPA activities. FAU Group-live; lecture and group discussion of cases and discussion questions Update Basic audit and accounting course or experience Participants are asked to read the pronouncements before attending the session Accounting and Auditing Accounting 5 hours Auditing 3 hours 6/1/15 Section on auditing standards qualifies for the 24 hour Yellow Book requirement. Section on specific accounting standards qualifies for the 24 hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 5 Accounting and Auditing

14 8-Hour Program(s) Great industry course Accounting for New Revenue Standard Workshop NEW! (ANR) Revenue from Contracts with Customers will impact nearly every organization in some way or another. Regardless of the level of impact on any organization, CPAs and other accounting professionals will need to completely relearn the fundamentals of accounting for revenue. Our in-depth program begins with an overview of current revenue recognition principles as, we believe, you can t get where you want to go if you don t know where you are starting from! We then move into the requirements of the new revenue recognition standard including the 5-step process, application in special situations, disclosure requirements and transition issues. The best thing about what Loscalzo has to offer is that the program will be available in two formats: Option 1 Revenue Accounting in Transition: Ideal for audiences/ participants who like to absorb information quietly. This program is delivered in our standard format: 8-hour lecture with examples and discussion throughout. Option 2 Revenue Accounting Workshop: Ideal for audiences/participants who like to interact and get their hands into the detail. This program is a combination of lecture and a full-on workshop where participants will be given situations to analyze and conclude on as part of a group. This type of format engages participants, provides for lively discussion points and reinforces the overall understanding of the new standard. ANR Group-live Intermediate Basic knowledge of U.S. GAAP Accounting 8 hours 2/1/15 CPAs and other accounting professionals in industry and public practice. Participants will be able to: Apply the new 5-step revenue recognition framework Make decisions regarding treatment to different scenarios Existing U.S. GAAP revenue recognition rules... New accounting standard including 5-step revenue model... Disclosure requirements Transition guidance 6 Accounting and Auditing

15 8-Hour Program(s) Fraud for Industry NEW! (FRAUDI) Years after some of the biggest scandals of all time (think Enron, Waste Management, WorldCom), fraud continues to pose a significant threat to organizations of ALL sizes. From stealing petty cash to pulling off elaborate embezzlement and accounting schemes, companies need to enhance their defenses against this never-ending threat. This program focuses on the basics of how fraud is perpetrated and prevented and is a must have for CPAs in business. Professionals in business from line managers to the Board of Directors Identify the fraud problem Identify red flags Know how to report fraud Build an anti-fraud control environment External fraud Who commits fraud and why Important red flags Detection and investigation techniques Basic and specific internal controls as well action steps if you find fraud in your organization. FRAUDI Group-live; lecture and group discussion of cases and discussion questions Basic Accounting 8 hours 5/1/15 7 Accounting and Auditing

16 8-Hour Program(s) Fraud for the Practitioner NEW! (FRAUDP) The threat of fraud at clients continues to plague CPA practitioners. Although the detection of fraud is not the practitioner s responsibility, consideration of fraud and its effect on the audit definitely is. This course provides a full understanding of the deeper workings of how and why fraud is committed. Familiarity with the dynamics of organizational fraud can only enhance client service in the long run. CPA practitioners responsible for the audit of financial statements Identify the fraud problem Identify red flags Know how to report fraud Build an anti-fraud control environment External and internal fraud Possible red flags at clients Examples of fraud audit techniques at work Gathering and preserving evidence Documenting findings and communicating anti-fraud policies throughout the enterprise. FRAUDP Group-live; lecture and group discussion of cases and discussion questions Intermediate Basic familiarity with institutional/occupational fraud Accounting 8 hours 5/1/15 8 Accounting and Auditing

17 8-Hour Program(s) GAAP for Industry NEW! (GAAPI) The requirements of U.S. GAAP can be overwhelming for professionals responsible for the preparation of financial statements. The complexities and constant changes to existing standards require diligence and focus. Unfortunately, there are only so many hours in a day. History shows that certain areas continue to pose significant challenges for most preparers. This program is specifically geared towards professionals in industry. We cover some of the more challenging areas in U.S. GAAP including, business combinations, goodwill and impairments, joint ventures, derivatives and hedging as well as upcoming changes to revenue recognition which will be a challenge to all! The course includes numerous practical examples and participants will have the opportunity to work out the mechanics of complex standards during the seminar. CPAs preparing financial statements. This course provides answers to some of the more complicated accounting issues preparers of industry financial statements face every day. Participants will be able to: Explain the accounting for specific GAAP requirements Apply troublesome pronouncements Business combinations Common derivative arrangements and hedging Goodwill Impairment losses Debt modifications and troubled debt restructuring Joint ventures and collaborative arrangements Stock-based compensation New revenue recognition standard and updates to the FASB lease accounting project. GAAPI Group-live; lecture and group discussion of cases and discussion questions Basic Accounting 8 hours 6/1/15 9 Accounting and Auditing

18 8-Hour Program(s) GAAP for the Practitioner NEW! (GAAPP) The complexity of U.S. GAAP continues to present challenges for the practitioner. Constant changes to existing standards present major challenges and often result in more confusion than clarity. This program is specifically tailored to the CPA practitioner and covers the ins and outs of troublesome areas in existing U.S. GAAP including income taxes, other comprehensive income, cash flows, fair value, impairments, and other common issues encountered by practitioners, with emphasis on U.S. GAAP alternatives promulgated by the Private Company Council. The course includes numerous practical examples and participants will have the opportunity to work out the mechanics of complex standards during the seminar. CPAs preparing financial statements. This course provides answers to some of the more complicated accounting issues facing the practitioner. Participants will be able to: Explain the accounting for specific GAAP requirements Apply troublesome pronouncements Income taxes, other comprehensive income, cash flows, fair value accounting, impairments, variable interest entities, interest rate swaps, guarantees, concentrations, U.S. GAAP alternatives for privately held companies as well as an overview of new revenue recognition guidance and lease accounting. GAAPP Group-live; lecture and group discussion of cases and discussion questions Basic Accounting 8 hours 6/1/15 10 Accounting and Auditing

19 8-Hour Program(s) Compilation and Review Practice Guide (CRP) Compilation and review issues have dominated the profession during the past few years due to the issuance of SSARS 19, and its codification in AR Sections 60, 80 and 90, as well as the issuance of the ARSC s new Clarity Project. This program addresses these changes and current performance requirements in the compilation and review literature such that practitioners will be able to perform these services in compliance with the current standards while applying best practices for both efficiency and effectiveness. Practitioners who perform compilation and review engagements for nonpublic entities. Participants will be able to: Identify the performance requirements in the SSARS standards Effectively perform compilation and review engagements utilizing the guidance in AR Sections 60, 80, and 90 Efficiently document compilations and reviews following the documentation guidance in AR Sections 80 and 90 Identify best practices when performing compilation and review engagements Address special purpose frameworks when performing compilation and review engagements Describe the changes included in the ARSC Clarity Project CRP Group-live; lecture and group discussion of discussion questions Intermediate Basic familiarity with SSARS standards Auditing 8 hours 5/15/15 SSARS Clarity Project Preparation of financial statements AR Sections 60, 80, and 90 Compilation performance requirements Review performance requirements How to document and perform compilations and reviews Special purpose frameworks financial statements what they are and when they can be used... Legal liability concerns and issues How to perform and document analytical procedures appropriately, including developing expectations Independence Non-attest services Common issues raised in peer reviews. 11 Accounting and Auditing

20 8-Hour Program(s) Documentation Techniques for Entry Level Staff (DTE) Prepare workpapers that will minimize review notes and cut down on your time. Through interactive cases, you will learn how to: Perform procedures typically assigned to first year staff accountants Document accounting, compilation, review, and audit services Link identified risks to audit responses This course is a must to help new staff hit the ground running. New entry level staff accountants (less than one year of experience). The course allows participants to easily make the transition from the classroom to the real world. Participants will be able to: Prepare documentation for a compilation, a review, and an audit that clearly, concisely, and completely document the work performed Perform those procedures typically assigned to first year staff accountants Practical documentation formats that eliminate unnecessary work... The ABCs of preparing documentation, including AU 230 documentation requirements... Typical documentation deficiencies... Analysis of receivables... Property, plant and equipment capitalization, depreciation and leases... Payables and other accrued liabilities... Documentation of revenue and expenses. DTE Group-live; lecture and group discussion of cases requiring actual preparation of documentation Basic Participants should bring a calculator to the session Auditing 8 hours 5/1/15 12 Accounting and Auditing

21 8-Hour Program(s) Includes Practice Aid Reviewing Documentation Effectively (RDE) Cut down review time by: Understanding the documentation issues caused by SSARS, and the Risk Assessment Audit Standards Learning tips on how to quickly catch problems and motivate staff to correct them Motivating staff to correct documentation deficiencies Through a series of interactive cases, you will get practice with reviewing engagement files. The in-charge accountant responsible for supervising the engagement. Participants will be able to: Perform an effective review of documentation Document the review process Communicate deficiencies to staff Differentiate between review responsibilities of an in-charge, supervisor, and partner Program illustrates how effective review of documentation can prevent peer review problems... Documentation requirements under the risk assessment SASs and SSARS requirements... Common documentation problems... Approaches to workpaper review... Effective communication techniques that boost morale, not deflate it... Documentation of the review process... Case studies dealing with live documentation problems for both reviews and audits. RDE Group-live; lecture and case study approach. Participants will be asked to review problem documentation Basic Auditing 8 hours 6/1/15 13 Accounting and Auditing

22 8-Hour Program(s) Great industry course Testing and Understanding Internal Control A Workshop (TUIC) Internal controls over financial reporting are used to prevent, detect and correct misstatement. They also help to reduce the chance that fraud will occur. The auditor is required to obtain an understanding of an entity s controls as part of the risk assessment process. This workshop will provide participants with an opportunity to explore the design of controls over the significant systems typically found in a small- to mid-size client. Participants working in industry will find this course useful in challenging the level of internal controls currently implemented in their organizations. Participants will also learn to efficiently document their understanding of the controls and determine where it is either necessary or efficient to test them. This course focuses on the updated 2013 COSO Framework. Audit practitioners working on audits of non-public companies Accountants in industry who want to improve their entity s internal controls Participants will be able to: Apply the five COSO elements of internal control Differentiate between understanding and testing internal controls Document the understanding of internal controls at the appropriate level Test and document the results of tests of internal controls Issue AU 265 report 2013 COSO Framework Understanding the design of controls at the entity level and at the activity (financial statement assertion) level with an emphasis on manual control activities Determining whether controls have been implemented Effective and efficient tests of controls Multipurpose tests... Documentation techniques... Use of service auditor reports (AU 402) AU 265 reporting requirements. TUIC Group-live; lecture, case studies, and discussion questions Intermediate Basic audit course or experience Auditing 8 hours 5/1/15 Qualifies for the 24 hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. It is recommended that this course not be scheduled back to back with Essentials of Nonprofit Auditing. 14 Accounting and Auditing

23 8-Hour Program(s) Risk-Based Audit Standards: Effective Utilization (RBA) This program will review the requirements of risk-based auditing, address best practices when conducting planning and risk assessment procedures, describe audit testing strategies including sampling and internal control testing, and illustrate documentation examples that comply with the risk assessment standards. Audit practitioners having responsibility for planning and supervising audits as well as other members of audit engagement teams involved with audits of non-public entities. Participants will be able to: Apply the risk-based audit standards Apply risk assessment audit procedures Develop effective and efficient audit strategies for private entity audits Select effective and efficient audit testing strategies Determine when it might be more efficient to perform internal control testing Risk assessment process Risk assessment procedures Audit planning Audit strategy Testing strategies Internal control testing Risk assessment audit standards Sampling applications Sufficiency of evidence Documentation Best practices Linked and tailored audit procedures. This course includes changes to guidance due to the issuance of the clarity standards. RBA Group-live; lecture and group discussion Basic / Intermediate Basic auditing course or equivalent experience Auditing 8 hours 4/1/15 Qualifies for the 24 hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 15 Accounting and Auditing

24 8-Hour Program(s) Great industry course Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) Re-examine traditional analysis techniques to recognize their strengths and limitations when performing financial statement analysis. Take analysis to a new level by incorporating cash flow based measurements. Utilize cases ranging from public companies to small privately-helds to assess profitability and management of resources. CPAs and accountants in industry who analyze financial results to enhance evaluation of operations and develop business strategies. Participants will be able to: Apply both traditional and non-traditional financial statement analysis techniques for specific entities and objectives Use cash flow statements and cash-based ratios to find the real meaning behind accrual-based data Evaluate the quality of reported earnings Incorporate use of industry data for benchmarking and best practices analysis Reading between the lines what the numbers really mean... Impact on analysis of GAAP trends and information outside the financial statements The importance of cash flows Cash flow analysis techniques Finding and using relevant industry data for large and small companies Examples of reports generated by commercial software packages Which ratios tell the real story? AFS Group-live; lecture and group discussion of case studies and discussion questions Basic Accounting 8 hours 6/1/15 16 Accounting and Auditing

25 8-Hour Program(s) Emphasizes Current Revenue Recognition Issues Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) Don t join the growing list of accounting professionals in trouble. We will discuss: The accounting stories behind over 40 famous financial statement frauds such as Fannie Mae, McAfee, Parmalat, Tyco, Waste Management, and WorldCom Deceptive accounting practices The warning signs of problems in areas such as revenue recognition, related parties, significant estimates, capital items vs. expenses, choices among accounting methods, and improper activity to evade taxes Practitioners in industry and in public practice. Participants will be able to: Identify creative accounting practices used to deceive financial statement users Identify those risk characteristics normally associated with fraudulent financial reporting Emphasize improper revenue recognition practices and techniques to identify them Back to the basics GAAP revisited Live cases dealing with improper revenue recognition and other misleading practices... When is revenue real Related parties and other off-balance sheet schemes Reserves, accruals, writedowns and asset impairments Significant estimates Capitalized assets and inventory Fair value abuses. DRR Group-live; lecture and case discussions Basic Basic familiarity with accounting standards Accounting 8 hours 5/1/15 Qualifies for the 24 hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 17 Accounting and Auditing

26 8-Hour Program(s) Great industry course Disclosure The Key to Financial Statements (DKFS) Keep your professional reputation stellar by making sure your financial statements are up-to-speed. This course will: Explain and illustrate disclosure requirements Clear up misconceptions on practice problems such as fair value Correct disclosure deficiencies most frequently cited by peer reviewers Practitioners in public practice and CPAs in industry who are responsible for the preparation of non-public financial statements. This program is a must for those practitioners who will undergo peer review. Participants will be able to prepare disclosures necessary for privatelyheld companies This program does not discuss SEC requirements. Special emphasis is given to common disclosure deficiencies noted in practice Recent changes in subsequent events, going concern, loss contingencies, financial instruments, and fair value... Risks and uncertainties and accounting policies... Liabilities how debt violations impact classification... Uncertain tax positions... Accounting changes, error corrections, and other categories in the income statement Cash flows statement DKFS Group-live; lecture and group discussion of cases based on live client situations Basic Participants should be familiar with current accounting issues Accounting 8 hours 5/15/15 Qualifies for the 24 hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 18 Accounting and Auditing

27 8-Hour Program(s) Highly-rated Q&A format FAQ Accounting and Auditing (FAQAA) This program hits the mark by reviewing real issues and questions asked prior to the session by accountants who are past attendees of our seminars. The manual includes approximately 70 live issues dealing with accounting and disclosures, compilations, reviews, and audits. Get quick and practical solutions to issues that may confront you. Specific emphasis on issues associated with variable interest entities. Practitioners in public practice who need to keep on top of changing needs and current issues in the profession. Participants will be able to: Recognize issues impacting their clients Resolve emerging practice problems Address problems before they arise Accounting and disclosure issues cash and cash equivalents, capitalized costs, investments in closely-held entities, related and affiliated entities, variable interest entities, nonmonetary transactions, debt and equity transactions, and revenue recognition Compilation and review issues documentation, interim reporting, special presentations and reports, special purpose framework Auditing and reporting issues inadequate accounting records, investments in closely-helds, inventory, receivables and payables, sampling issues, and AU 265. FAQAA Group-live; lecture and group discussion of questions Intermediate Basic audit and accounting course or experience Accounting and Auditing Accounting 5 hours Auditing 3 hours 5/15/15 Section on auditing and reporting qualifies for the 24 hour Yellow Book requirement. Section on accounting and disclosure qualifies for the 24 hour requirement if auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 19 Accounting and Auditing

28 8-Hour Program(s) Great industry course Improve Your Accounting and Finance Teams Effectiveness (IAF) This course is designed to help you improve the effectiveness and efficiency of your finance and accounting teams. It is designed for all sized entities and the practical tips will include detailed practical guidance and illustrations. It offers detailed practical guidance and illustrations. Synopses are provided for specialized issues. This course is for CFOs, Treasurers, and Controllers. This course can also be used as a refresher, by giving you a broad overview of the critical pieces in running and administering the accounting and finance functions in your organization. Participants will be able to apply the knowledge they obtain in this program to their day-to-day operations of closing, cash management, forecasting, and operational dashboards as well as the longer term tasks of bank management, budgeting, inventory control and costing and accounts receivable management. This program will focus across the companies administrative functions, with stronger emphasis on those items which drive the cash management, the forecasting, and managerial accounting needs of an organization. We will provide practical processes examples to help you improve your year end, bank, payroll, and sales tax audits. We will also provide some practical advice on dealing with the variety of items that come up in your accounting department. IAF Group-live; lecture and group discussion of cases and discussion questions Intermediate Accounting experience Practical work experience in the accounting and finance functions Accounting 8 hours 2/15/15 20 Accounting and Auditing

29 8-Hour Program(s) Special Purpose Frameworks (SPF) Find some relief from GAAP standards that are costly to implement and incomprehensible to financial statement users. This program will: Explore alternatives that permit professional presentations that don t cut corners but are cost efficient Illustrate exactly what is necessary when preparing tax, cash, or modified cash basis financial statements Provide hard to find report, presentations and disclosure examples Address the SSARS 19 provisions as they relate to special purpose frameworks Practitioners in public practice and CPAs in industry who are responsible for the preparation of non-public, financial statements where special purpose frameworks or special purpose presentations can be beneficial. Participants will be able to: Address the issues unique to special purpose frameworks presentations Determine when special purpose frameworks or special presentations are appropriate Distinguish between circumstances when special purpose frameworks or GAAP departures are the most appropriate Prepare financial statements on an other comprehensive basis of accounting Prepare special purpose presentations When is a presentation a special purpose frameworks or a GAAP departure... Differences between cash and modified cash... The AICPA s Financial Reporting Framework for Small- and Medium-Sized Entities Common book vs. tax differences... Tax basis financials what to do with non-taxable and non-deductible items... GAAP disclosures which apply and which can be omitted... Statement of cash flows how to treat in a special purpose frameworks presentation... Using special purpose presentations... Reporting considerations... Using GAAP departures Common special purpose frameworks deficiencies. SPF Group-live; lecture and group discussion of discussion questions. The course manual contains pro forma financial statements and notes. Basic Accounting 8 hours 5/15/15 21 Accounting and Auditing

30 8 Hour Program(s) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) Meet your A&A CPE requirement with topics that relate to your responsibilities. You will: Learn why a tax return and a tax basis financial statement are not the same Learn what GAAP versus tax differences need to be disclosed Address frequently encountered reporting and performance issues by tax practitioners Identify differences in disclosures for tax basis financial statements Tax practitioners who are associated with compiled or reviewed GAAP and/or tax basis financial statements. Participants will be able to: Identify differences between GAAP requirements and the tax return Recognize problems in performance and documenting of compilations and reviews Apply accounting standard and appropriate disclosure Highlights new and troublesome issues for those tax practitioners issuing compilation and review reports Examination of book versus tax differences Changes needed to the body of the statements when tax basis financials are presented Tax basis financials what disclosures are really necessary Problems and issues in compilations and reviews, including an update of SSARS Overview of recent relevant accounting standards updates Standards for tax and consulting services. TPG Group live; lecture and group discussion of questions Basic Accounting and Auditing Accounting 5 hours Auditing 3 hours 6/1/15 22 Accounting and Auditing

31 4-Hour Program(s) Accounting for New Revenue Standard NEW! (ANR4) The Revenue from Contracts with Customers will impact nearly every organization in some way or another. Regardless of the level of impact on any organization, CPAs and other accounting professionals will need to completely relearn the fundamentals of accounting for revenue. This program covers the requirements of the new revenue recognition standard including the 5-step process, application in special situations, disclosure requirements, and transition issues. CPAs and other accounting professionals in industry and in public practice. Participants will be able to: Apply the 5-step revenue recognition process to common situations Make decisions regarding the proper treatment of recognition under the new standard Existing U.S. GAAP revenue recognition rules... New accounting standard including 5-step revenue model... Disclosure requirements Transition guidance. ANR4 Group-live Intermediate Basic knowledge of U.S. GAAP Accounting 4 hours 2/1/15 23 Accounting and Auditing

32 4-Hour Program(s) Accounting and Auditing Updates NEW! (AAU4) This program is a must to keep you on top of the changes you need to know to be effective. The course authors evaluate and emphasize those changes with broad application and develop detailed practical guidance and illustrations. Note: This is a 4-hour version of our full day program, 2015 FASB and AICPA Update. All firms, all staff, all CPAs all accountants needing a good year-round update on recently-issued standards. Participants will be able to apply the provisions of recently-issued accounting, auditing, compilation, and review pronouncements. The program will focus on: Relevant accounting standards updates to the FASB codification... Audit services issues Compilation and review issues. AAU4 Group-live Basic Accounting and Auditing Accounting 2 hours Auditing 2 hours 6/1/15 Section on auditing standards qualifies for the 24 hour Yellow Book requirement. Section on accounting standards qualifies for 24 hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 24 Accounting and Auditing

33 4-Hour Program(s) Great industry course Deceptive Accounting Practices (DAP4) This program will discuss: The accounting stories behind numerous famous financial statement frauds such as McAfee, Parmalat, Tyco, and WorldCom Deceptive accounting practices specifically revenue recognition The warning signs of problems in areas such as revenue recognition, significant estimates, and choices among accounting methods Practitioners in industry and in public practice Participants will be able to: Identify creative accounting practices used to deceive financial statement users Identify those risk characteristics normally associated with fraudulent financial reporting Emphasize improper revenue recognition practices and techniques to identify them Back to the basics Live cases dealing with improper revenue recognition and other misleading practices... When is revenue real Reserves, accruals, writedowns and asset impairments Significant estimates Fair value abuses DAP4 Group-live; lecture and group discussion of cases and/or discussion questions Basic Accounting 4 hours 5/1/15 25 Accounting and Auditing

34 4-Hour Program(s) Great industry course Fair Value Accounting (FVA4) Fair value accounting has become a frequent topic of discussion for accountants, users, and government regulators during the past few years. ASC 820, Fair Value Measurements and Disclosures, continues to cause confusion among practitioners not only when applying recognition and measurement guidance but with the extensive required disclosures. This program will address fair value issues frequently encountered by practitioners. Those in public practice and industry. Participants will be able to apply the recently issued fair value guidance to financial reporting issues. Understand the main provisions of, as well as misconceptions in applying ASC 820 and related sections of ASC 825, Financial Instruments Distinguish and apply GAAP fair value rules to both financial and nonfinancial assets and liabilities Demonstrate with examples, recognition and measurement of fair value, including input levels for each type asset and liability Asset and goodwill impairment issues, including alternative goodwill accounting standard from the Private Company Council How ASC 820 applies to ASC 805, Business Combinations... Illustrative fair value disclosures Fair value option -- what it is and when it might be used. FVA4 Group-live Basic Accounting 4 hours 6/1/15 26 Accounting and Auditing

35 4-Hour Program(s) Great industry course FAQ GAAP Financial Statements (FAQG4) This program uses a question and answer format to discuss real practice questions that have been raised by Loscalzo clients. Note: This program is a 4-hour version of FAQ Accounting and Auditing. Those in public practice and industry. Participants will be able to: Recognize frequently encountered issues with GAAP financial reporting Learn proper GAAP application Cash and cash equivalents Purchase/supply commitments Capitalized costs Fair value Investments in closely-held entities Consolidation issues Debt costs Asset retirement obligations Equity transactions Current revenue recognition and much more. FAQG4 Group-live Basic Accounting 4 hours 6/1/15 Qualifies for the 24 hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 27 Accounting and Auditing

36 4-Hour Program(s) Financial Reporting Framework for Small- and Medium-Sized Entities (FRF4) This 4-hour program is designed to update participants on this AICPA initiative to create an alternative to U.S. GAAP for private reporting entities. This initiative represents a standalone, self-contained special purpose framework (SPF) intended for use by privately-held entities in preparing their financial statements. We will discuss the components of the Framework, how it differs from existing U.S. GAAP and income tax basis, choices that are available within the Framework, as well as illustrate financial statement formats based on the Framework. CPAs in public practice and industry who prepare or report on private company financial statements. Participants will be able to develop a comprehensive understanding and awareness of the AICPA s private company financial reporting initiative. Accounting and disclosure issues associated with private entities. FRF4 Group-live Basic Accounting 4 hours 5/1/15 28 Accounting and Auditing

37 4-Hour Program(s) Great industry course Pitfalls and Problems in Financial Statement Disclosures (PPF4) This 4-hour program highlights the most common disclosure errors being made in financial statements. Special emphasis will be on problem disclosures identified in peer review. Note: This program is a 4-hour version of Disclosure The Key to Financial Statements. Accountants in public practice and industry. Participants will be able to prepare disclosures for privately-held companies. General disclosures including accounting policies, contingencies, subsequent events, fair value, risks and uncertainties, and related parties Balance sheet items including cash and investments Liability issues, including classification problems Income statement areas accounting changes and error corrections, extraordinary items, discontinued operations, and income taxes, including uncertain tax positions and Cash flow statement. PPF4 Group-live Basic Accounting 4 hours 6/1/15 29 Accounting and Auditing

38 4-Hour Program(s) Tax Basis and Other Special Purpose Frameworks Presentations (SPF4) With the complexities and cost of GAAP financials, many practitioners have encouraged clients to use tax basis and other special purpose frameworks financial statements. This program will address special purpose frameworks reporting and disclosure requirements, including the AICPA interpretation and practice aid on special purpose frameworks. Note: This program is a 4-hour version of Special Purpose Frameworks. Practitioners in public practice and CPAs in industry who are responsible for the preparation of non-public, non-gaap financial statements. Address the issues associated with special purpose frameworks presentation Prepare financial statements on an other comprehensive basis of accounting What are the most common GAAP versus tax differences? Which footnotes can be eliminated in special purpose frameworks presentations? What does "communicate the substance of GAAP disclosures" mean under the AICPA interpretation? Are changes needed to the body of statements when tax basis financials are presented? Should tax basis statements include non-taxable and non-deductible items? Can any financial statements be eliminated in a special purpose frameworks presentation? SPF4 Group-live Basic Accounting 4 hours 6/1/15 30 Accounting and Auditing

39 4-Hour Program(s) Analytical Procedures Workshop (APW4) This course will provide participants with hands-on techniques on how to perform analytical procedures (APs) in an audit engagement. Accountants in public practice Participants will learn how to develop expectations, perform and document analytical procedures Types of analytical procedures and which work best period to period comparisons; scanning the general ledger; analysis of relationships among accounts; comparison to industry standards; comparison of financial to non-financial data; comparison to anticipated results; ratios Developing expectations Factors to be considered in using APs as a substantive test Disaggregated and nonfinancial analytical procedures Evaluation of differences Documentation issues APW4 Group-live Basic Auditing 4 hours 6/1/15 Qualifies for the 24 hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 31 Accounting and Auditing

40 4-Hour Program(s) Compilation and Review Practice Guide (CRP4) A scaled-down version of our popular 8-hour Compilation and Review Practice Guide. This program addresses changes and current performance requirements in the compilation and review literature such that practitioners will be able to perform these services in compliance with the current standards while applying best practices for both efficiency and effectiveness. Practitioners who perform compilation and review engagements for nonpublic entities. Participants will be able to: Identify the performance requirements in the SSARS standards Effectively perform compilation and review engagements utilizing the guidance in AR Sections 60, 80, and 90 Efficiently document compilations and reviews following the documentation guidance in AR Sections 80 and 90 Identify best practices when performing compilation and review engagements Address special purpose frameworks when performing compilation and review engagements Describe the changes included in the ARSC Clarity Project SSARS Clarity Project Preparation of financial statements AR Sections 60, 80, and 90 Compilation performance requirements Review performance requirements How to document and perform compilations and reviews Special purpose frameworks financial statements what they are and when they can be used... Legal liability concerns and issues How to perform and document analytical procedures appropriately, including developing expectations Independence Non-attest services Common issues raised in peer reviews. CRP4 Group-live; lecture and group discussion of discussion questions Intermediate Basic familiarity with SSARS standards Auditing 4 hours 5/15/15 32 Accounting and Auditing

41 4-Hour Program(s) FAQ Audit Issues (FAQAI4) Using the popular Frequently Asked Questions format, this session will take a deeper dive into issues where auditors continue to have questions. It will deal with risk assessment implementation issues, efficiency issues for smaller clients, sampling and more. All practitioners in public practice Participants will be able to efficiently apply auditing literature to a variety of troublesome issues. Audit risk Documenting consideration of presumed risks of fraud Inherent risk and its role in combined risk Monitoring Key controls... Process vs. controls When testing controls makes sense and when it doesn t Significant risks Difference between assessment of risk at high and significant risks Linkage Report on internal control (significant deficiencies and material weaknesses) Communications with those charged with governance (in planning and at the end of the audit) Using a service organization auditor s report (SSAE 16). FAQAI4 Group-live Basic Auditing 4 hours 6/1/15 Qualifies for the 24 hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 33 Accounting and Auditing

42 4-Hour Program(s) Planning Cost Efficient and Effective Audits (PCE4) Many auditors still view planning as merely a compliance requirement. But those conducting profitable audits know that planning is the key to good realization. This program will walk you through the technical requirements of audit planning under the redrafted audit standards and illustrate how those requirements can truly identify how to cut time on the job. Those in public practice. Participants will be able to plan an engagement following the risk assessment standards. Using knowledge of the client and its industry to identify risk areas Materiality decisions that streamline testing Revisiting control risk assessment under the risk assessment SASs Applying fraud risk assessment rules Making the best use of analytical procedures. PCE4 Group-live Basic Auditing 4 hours 6/1/15 Qualifies for the 24 hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 34 Accounting and Auditing

43 2-Hour Program(s) FASB Updates NEW! (FASB2) This session will provide an overview of changes made by accounting standard updates issued after June Only pronouncements with broad application will be covered in detail. For other issues, a quick synopsis will be provided. Note: This is a 2-hour version of our full day program, 2015 FASB and AICPA Update. All firms, all staff, all CPAs. Participants will be able to apply new accounting standard updates (ASUs). Relevant accounting pronouncements issued after June FASB2 Group-live Basic Accounting 2 hours 6/1/15 Qualifies for the 24 hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 35 Accounting and Auditing

44 2-Hour Program(s) Great industry course Analyzing Financial Statements A Guide (AFS2) While all CPAs know how to analyze financial statements, recent articles in the financial press on improper revenue recognition, quality of earnings and cash flow issues have emphasized the importance of understanding financial statement relationships beyond traditional accrual analysis. This program uses analysis techniques that would identify unusual or unexpected financial statement relationships. Cash flow analysis and use of industry data will be emphasized. CPAs and accountants in industry who analyze financial results to enhance evaluation of operations and develop business strategies. Participants will be able to apply both traditional and non-traditional financial statement analysis techniques for specific entities and objectives. Traditional financial statement analysis Cash flow measurements Enhancing ratio analysis with cash flow measurements Quality of earnings considerations Use of industry data with closely held companies. AFS2 Group-live Basic Accounting 2 hours 6/1/15 36 Accounting and Auditing

45 2-Hour Program(s) Consolidation of Variable Interest Entities Revisited (CVI2) This program will provide you with the most up-to-date revised guidance issued based in ASC 810, Consolidation. Accountants in public practice and industry. Participants will be able to determine if and how to consolidate variable interest entities and to prepare the appropriate disclosures related to consolidating VIEs. Determining when an entity is a variable interest entity Determining if a primary beneficiary exists New reconsideration events Expanded disclosures for private and public companies. CVI2 Group-live Basic Accounting 2 hours 6/1/15 37 Accounting and Auditing

46 2-Hour Program(s) Inventory and Receivables Handling the Risk (IRH2) Covers guidance on analytical procedures included in both SSARS and audit guidance. The headlines continue to blast accounting firms for fraud and misstatement of inventory and accounts receivable, and those are only the ones that make it into the newspapers. This program deals with the key exposure areas for inventory and receivables and how accountants can reduce risk when performing a compilation, review or audit. Those in public practice. Participants will be able to perform compilation, review, and audit procedures for inventory and receivables. Inventory audit problems Inventory compilation and review problems Accounts receivable audit problems Revenue risk issues Problems with receivables in SSARS engagements. IRH2 Group-live Basic Auditing 2 hours 6/1/15 Qualifies for the 24 hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 38 Accounting and Auditing

47 2-Hour Program(s) Dangers of Improper Revenue Recognition (DIR2) Headline after headline points out how pervasive improper revenue recognition is. Finally, the FASB has added a project to revisit revenue recognition. Through lecture and short case write-ups, this program will identify improper revenue recognition techniques. In addition, the program will address quality of earnings so much in the forefront in this scandal-ridden environment. Note: This is a 2-hour version of our full day program, Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs. Practitioners in industry and in public practice. Participants will be able to: Identify creative accounting practices used to deceive financial statement users Identify those risk characteristics normally associated with fraudulent financial reporting Apply accounting rules the right way General revenue recognition principles New revenue recognition guidance as a result of a joint FASB/IASB project Accounting for product financing arrangements Accounting for sales of real estate Software revenue recognition Service transactions and construction contracts Improper revenue recognition: A problem for the profession Other deceptive revenue recognition practices. DIR2 Group-live Basic Accounting 2 hours 6/1/15 Qualifies for the 24 hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 39 Accounting and Auditing

48 2-Hour Program(s) Analytical Procedures for Reviews and Audits (APR2) There s no question that analytical procedures require a great deal of judgment in deciding just how much digging must be done to develop expectations and evaluate fluctuations and other anomalies that are discovered. And it s true that analytical procedures require a thorough understanding of the client s operations. But these two characteristics are exactly why analytical procedures can be effective evidence on reviews and audits and a strong tool for increasing efficiency. This program is designed to clear up misconceptions in implementing professional performance standards and increase effectiveness and efficiency in the performance of analytical procedures. Accountants in public practice. Participants will be able to perform and document analytical procedures appropriately and cost effectively. Using knowledge of the client and changes to develop expectations Knowing when to stop investigating fluctuations Selecting the most effective and efficient APs Documenting APs APR2 Group-live Basic Auditing 2 hours 6/1/15 40 Accounting and Auditing

49 2-Hour Program(s) Efficiency and Effectiveness in Documentation Review (EED2) With the time pressure of getting the job out the door, often review of documentation is limited to checking that the financial statement numbers tie into the documentation and that major technical issues are addressed. Although this approach is clearly important to ensure high quality, it does little to train the staff on how to cut out extraneous procedures and documentation. This program will discuss a process that can be used by the reviewer to balance risk and efficiency. It will discuss SAS and SSARS documentation requirements and use an actual review exercise and illustrations on documenting the review process. The in-charge accountant responsible for supervising the engagement. Participants will be able to perform and document an effective review of documentation. Documentation contents Selecting documentation to be reviewed The actual documentation review Documenting the documentation review. EED2 Group-live Basic Auditing 2 hours 6/1/15 41 Accounting and Auditing

50 2-Hour Program(s) Meeting Documentation Requirements in Your Workpapers (MDR2) Various standard-setting bodies have expanded the requirements for both workpaper preparation and retention. This, coupled with recurring documentation deficiencies noted in peer review, increases the importance of adopting best practices for engagement documentation. Accountants in public practice. Participants will be able to prepare workpapers for compilations, reviews and audits that meet professional standards. What workpapers must be prepared in a compilation and review Audit documentation required by AU 230 and the risk assessment SASs Common documentation problems Workpaper retention what and how long?... Samples of key workpapers will be included in the manual. MDR2 Group-live Basic Auditing 2 hours 6/1/15 42 Accounting and Auditing

51 2-Hour Program(s) Peer Review Disclosure Deficiencies How to Solve Them? NEW! (PRD2) This program identifies recent peer review matters as identified by the AICPA s Peer Review Committee. The purpose of this program is to increase the awareness by practitioners of the more frequent peer review issues identified in order to improve future engagement performance. Practitioners in public practice and CPAs in industry who are responsible for the preparation of non-public financial statements. This program assists practitioners in public practice and practitioners in industry by identifying recurring practice problems in accounting, disclosure, auditing, review and compilations. Participants will identify recurring peer review matters, and based on this awareness, improve future accounting and performance activities. Accounting matter issues Disclosure matter issues Audit matter issues Review matter issues Compilation matter issues. PRD2 Group-live Basic Accounting 2 hours 6/1/15 Qualifies for the 24 hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 43 Accounting and Auditing

52 2-Hour Program(s) Recent Compilation and Review Issues (CRP2) Compilation and review standards have gone through a number of changes in recent years based on the issuance of SSARS 19, the SSARS Codification and most recently the proposed changes based on the ARSC Clarity Project. This program addresses these issues. Practitioners who perform compilations and reviews for non-public clients. Participants will be able to: Identify the changes that have taken place in compilation and review engagements Describe the changes included in the ARSC Clarity Project Revised report language Required engagement letter Optional disclosure when independence is impaired Required documentation Performance standards. ARSC Clarity Project CRP2 Group-live Basic Auditing 2 hours 6/1/15 44 Accounting and Auditing

53 2-Hour Program(s) Related Party Transactions A Recurring Issue (RPT2) Related party transactions are often the most difficult for accountants and auditors to manage due to these transactions not being separately identified when transaction activity takes place. Related party transactions are often used to commit fraud and more often are simply hidden by management because they do not want third parties to be aware of these transactions. This program will identify the accounting and disclosure guidance associated with related party transactions (ASC 850), address form over substance related party transactions, provide examples of related party frauds, and describe best practices for identifying undisclosed related party transactions. Related party disclosures will also be addressed. Accountants in public practice and industry. Participants will be able to identify, account, and disclose related party transactions. A closer look at related party transactions and the related accounting guidance... Related party frauds Best practices, related party disclosures RPT2 Group-live Basic Accounting 2 hours 6/1/15 Qualifies for the 24 hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 45 Accounting and Auditing

54 2-Hour Program(s) Nonstatistical Sampling for Efficient Audits (NSE2) Many auditors do little sampling in their audits because of the misconception that sampling must be statistical. This program illustrates the guidance in the current AICPA Audit Sampling Guide relating to nonstatistical sampling applications designed to improve audit engagement efficiency. Those in public practice. Participants will be able to select, perform, and evaluate samples. Requirements under the risk assessment standards Planning nonstatistical procedures Sampling when testing controls and when performing substantive tests Sampling techniques Determining sample sizes Use of probability proportional to size sampling Sampling error evaluation problems. NSE2 Group-live Basic Auditing 2 hours 6/1/15 Qualifies for the 24 hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 46 Accounting and Auditing

55 Governmental and Not-For-Profit Programs Table of Contents Governmental and Not-For-Profit Programs Hour Program(s) Compliance Auditing from Start to Finish NEW! (CAS) Essentials of Nonprofit Auditing (ENA) FAQ Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP) Nonprofit, Government and Compliance Update (NGCU) Nonprofit Industry Update and GAAP Refresher (NIU) Compliance Auditing: Questions from the Field (CAQ) Hour Program(s) Identifying and Addressing the Risk of Fraud in Nonprofit Organizations (IAR4) Governmental and Not-for-Profit Programs

56 48 Governmental and Not-for-Profit Programs

57 8-Hour Program(s) Includes Practice Aids Great Workshop Format Compliance Auditing from Start to Finish NEW! (CAS) Formerly titled Guide to Compliance Auditing Step by Step (HGCA) Changes to the single audit due to the Uniform Guidance are getting closer. It is not only important to understanding the changes to the audit process but also to help clients prepare. This is an important time to ensure that you are current on all the new developments and are performing all the steps necessary to comply with professional standards. Auditors new to compliance auditing will find this start-to-finish approach helpful in understanding how to perform the procedures in a single audit. Experienced auditors will benefit by discussing the issues that are arising in practice as well as efficiencies that can be obtained by judiciously using practice aids and by performing and documenting the right level of work. Audit practitioners working on nonprofit and/or public sector clients who need audits performed in accordance with the Yellow Book and OMB Circular A-133. Also for accountants in nonprofit or government organizations that need a compliance audit. This course does not specifically address HUD or student financial aid issues. Participants will be able to: Plan, perform and properly document work performed during the audit Identify the appropriate findings to report Identify the appropriate compliance opinion to use Write appropriately worded findings and draft applicable reports using the appropriate report forms CAS Group-live; combination of lecture and hands-on application of principles Basic/Intermediate Auditing 8 hours 5/15/15 Participants will walk through an A-133 audit from start to finish. Emphasis will be given to frequently missed areas as identified by federal agencies, pass through entities and peer reviewers. At the conclusion of this session, participants should feel more comfortable with their level of documentation skills and more confident that their work will stand up to peer review or review by governmental agencies. Qualifies for the 24 hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. It is recommended that this course not be scheduled in conjunction with Questions from the Field on Compliance Auditing. 49 Governmental and Not-for-Profit Programs

58 8-Hour Program(s) Practice Aids Essentials of Nonprofit Auditing (ENA) Formerly titled Not-for-Profit Auditing Made Easy (NFPME) Audits of nonprofit organizations can be challenging. Many small- to midsize nonprofits lack sophisticated accounting personnel, which presents challenges in the auditor s understanding of internal controls and assessment of risk. This course illustrates how to document the risk assessment procedures, including the understanding of internal control and the linkage between the risk assessment, and the audit programs for a very small volunteer fire department with less than $300,000 in revenue. It also includes updates on the current issues for including a discussion of the professional literature recently issued and items recently highlighted in the Not-for-Profit Audit & Accounting Guide. Practitioners who audit nonprofit organizations, CPAs or others new to working in nonprofit organizations or interested in how audits are conducted. Participants will be able to: Plan and perform audits for small- to mid-size nonprofits as efficiently as possible Consider the design of internal controls and determine whether the internal controls have been implemented (including areas specifically identified by the nonprofit audit guide) Perform risk assessments under the new risk assessment auditing standards Understand audit areas that specifically apply to nonprofits Assessing the risk of material misstatement Identifying significant risk and fraud risk Understanding and documenting the system of internal control over financial reporting Identifying the appropriate level of audit procedure in response to assessed risk Substantive tests for nonprofit specific account balances and classes of transactions. ENA Group-live; lecture and group discussion Basic/Intermediate Basic audit course or experience Auditing 8 hours 5/1/15 Qualifies for the 24 hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. It is recommended that this course not be scheduled back to back with Nonprofit Industry Update and GAAP Refresher or Testing and Understanding Internal Control A Workshop. 50 Governmental and Not-for-Profit Programs

59 8-Hour Program(s) FAQ Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP) Formerly titled FAQ Not-for-Profit Accounting, Auditing, Governance and Disclosure Topics (FAQNFP) The literature specific to nonprofit organizations continues to evolve and become more complex. Using the popular and fast-moving Frequently Asked Question format, this course was compiled from questions asked of the author in her capacity as a technical reviewer and advisor to firms and nonprofit organizations. This course also provides an update on emerging governance issues. Practitioners working with nonprofit in public practice Accountants working in nonprofit organizations who need to keep on top of current accounting and disclosure requirements Participants will be able to: Address major accounting and disclosure issues Understand the governance issues faced by nonprofits in today s highly scrutinized and regulated environment Address auditing issues that arise in Circular A-133 Audits Complex accounting and disclosure issues, proposed changes to nonprofit financial reporting Governance issues Changes in the single audit process due to the OMB s new Uniform Guidance Frequently missed compliance issues. FAQNP Group-live; lecture and group discussion of questions Intermediate Basic familiarity with nonprofit accounting Accounting 8 hours 5/1/15 Qualifies for the 24 hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. It is recommended that this course not be scheduled back to back with Nonprofit Industry Update and GAAP Refresher. 51 Governmental and Not-for-Profit Programs

60 8-Hour Program(s) Nonprofit, Government and Compliance Update (NGCU) Formerly titled Not-for-Profit and Governmental Update (NFPGU) Not-for-profits and governmental entities are subject to very specific accounting and disclosure guidance. Over the last few years there have been a significant number of updates to accounting and reporting literature from both the FASB and GASB. This program provides a 2015 update of the issues at the forefront of these industries to help accountants and auditors ensure that they are aware and have a basic understanding of the most current professional literature. This program also includes updates relevant to auditors that perform audits under Government Auditing Standards and Circular A-133 including the changes in audit guidance due to the OMB s new Uniform Guidance. Practitioners working with governments in public practice Accountants working in nonprofit organizations and governments who need to keep on top of current accounting and disclosure requirements Participants will be able to: Recognize and apply major accounting and disclosure issues impacting their clients or entities Prepare complete and accurate financial disclosures for these new developments Recent major accounting and disclosure issues specific to nonprofit entities Recent major accounting and disclosure issues specific to governmental entities New industry developments including risk alerts Changes due to the issuance of the Uniform Guidance NGCU Group-live; lecture and group discussion of questions Intermediate Basic familiarity with nonprofit governmental accounting Accounting (Governmental) 8 hours 5/1/15 Qualifies for the 24 hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. It is recommended that this course not be scheduled back to back with or Nonprofit Industry Update and GAAP Refresher or Nonprofit Accounting, Auditing, Compliance and Governance Issues. 52 Governmental and Not-for-Profit Programs

61 8-Hour Program(s) Nonprofit Industry Update and GAAP Refresher (NIU) Formerly titled Not-for-Profit Industry Update and Major Accounting and Disclosure Issues (NFPARA) This program provides a 2015 update of the issues at the forefront of industry to assist the auditor in assessing risk. In addition, it covers all of the major FASB guidance applicable to nonprofit entities. The program also includes coverage of some significantly enhanced sections in the nonprofit audit guide which was recently overhauled and all of the nonprofit Technical Practice Aids (AICPA) and includes recommendations by the Financial Reporting Executive Committee (FinREC). These enhancements are designed to eliminate diversities in practice so you won t want to miss this! This course also provides an overview of the changes to audit guidance due to the OMB s new Uniform Guidance and changes to nonprofit reporting currently under discussion by the FASB. Practitioners working with nonprofit organizations in public practice Nonprofit industry accountants who need to keep on top of current accounting and disclosure requirements Participants will be able to: Apply the issues faced by nonprofits in today s environment which will help them assess risk Recognize and deal with major accounting and disclosure issues impacting their clients or organizations NIU Group-live; lecture and group discussion Intermediate Basic familiarity with not-forprofit accounting and auditing Accounting 8 hours 5/1/15 Not-for-profit industry updates 2015 Major accounting and disclosure issues specific to nonprofit organizations Changes to single audit process resulting from the OMB s new Uniform Guidance. Qualifies for the 24 hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. It is recommended that this course not be scheduled back to back with FAQ Nonprofit Accounting, Auditing, Compliance and Governance Issues, Nonprofit, Government and Compliance Update or Essentials of Nonprofit Auditing. 53 Governmental and Not-for-Profit Programs

62 8-Hour Program(s) Compliance Auditing: Questions from the Field (CAQ) Formerly titled Frequently Missed Issues for OMB Circular A-133 Audits (FMI) Auditors are being found deficient by peer reviewers, federal agency reviewers, and state auditors. While this is not new, the situation is magnified by recent comments and actions by the DOL against firms performing ERISA audits that are not meeting professional standards. Although single audits are not ERISA audits, the focus on them has been heightened. Now is the time to ensure that you are current on all the new developments and are performing all the steps necessary to comply with professional standards. This course will: Help you avoid recurring common failures in audits under Government Auditing Standards and OMB Circular A-133 Provide you with the latest changes in professional literature Audit practitioners working on nonprofit and/or public sector clients who need audits performed in accordance with the Yellow Book and OMB Circular A-133 Accountants in nonprofit or government organizations that need a compliance audit Participants will be able to: Identify areas for improvements in their Government Auditing Standards (GAS) and OMB Circular A-133 audits Implement changes to audits as a result of changes to professional standards including the OMB s Uniform Guidance Using the very popular Loscalzo FAQ Format, the major subjects covered will include: frequently identified issues in compliance audits related to documentation, multipurpose testing, design of compliance and internal control tests, sampling applications, reporting findings, schedule of federal awards, and identifying major programs. CAQ Group-live; frequently asked question format encouraging discussion Intermediate Assumed basic knowledge of compliance auditing, accounting and reporting, Yellow Book and OMB Circular A-133 Auditing 8 hours 5/1/15 Qualifies for the 24 hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. It is recommended that this course not be scheduled in conjunction with Compliance Auditing from Start to Finish. 54 Governmental and Not-for-Profit Programs

63 4-Hour Program(s) Identifying and Addressing the Risk of Fraud in Nonprofit Organizations (IAR4) This 4 hour module will help auditors and those working in nonprofit organizations to identify and address the most common fraud and abuse schemes that are perpetrated against them. Using a case study format, participants will learn how these fraud schemes can be prevented and detected. The issue of fraud is especially important to understand in an economy where incentive and pressure to commit a fraudulent act is intensified. This course has been updated with new fraud schemes and a discussion of the top electronic fraud issues. Auditors of nonprofit organizations and CPAs working in the nonprofit industry. Participants will be able to identify situations where there is a risk of fraud and create ways to prevent and detect them. Identification of fraud risk Major fraud schemes Internal controls that are responsive to those risks. IAR4 Group-live Basic Auditing 4 hours 6/1/15 Qualifies for the 24 hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 55 Governmental and Not-for-Profit Programs

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65 Employee Benefit Plans Programs Table of Contents Employee Benefit Plans Programs Hour Program(s) Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI) Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC) FAQ Employee Benefit Plan Accounting and Auditing (FAQEBP) Employee Benefit Plans Programs

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67 8-Hour Program(s) Includes Practice Aids Updated for New Developments 2015 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI) Employee benefit plan audits continue to present a myriad of practice issues and risks that practitioners must address. This advanced course will give you the skills to: Identify and address difficult and complex accounting, auditing and financial reporting issues in EBP engagements Stay current on ongoing regulatory initiatives, findings and actions Effectively perform and document required auditing procedures Practitioners in public accounting firms that audit employee benefit plans. Participants will be able to: Address and implement current changes and issues in financial reporting for employee benefit plans Address current auditing issues and challenges facing employee benefit plan auditors Prepare adequate and sufficient audit documentation Avoid mistakes and deficiencies in audit testing and financial reporting and disclosures Current legislative and compliance initiatives and issues... Current DOL and EBSA programs, initiatives and regulatory requirements... Form 5500 filing requirements, issues and changes... Current auditing issues and risk areas inherent in plan audits ASC 820 fair value accounting measurement, disclosure and reporting issues 403(b) plan audit engagement considerations Updating audit planning and application of the risk assessment standards in EBP audits... Common noted practitioner deficiencies and errors... Common peer review issues and requirements... EBP financial statement disclosure best practices, issues and noted deficiencies... Unique accounting and auditing requirements for defined benefit plans and health and welfare plans. CPI Group-live; lecture, case examples, and discussion questions Intermediate to Advanced Experience in conducting audits of employee benefit plans Accounting and Auditing Accounting 4 hours Auditing 4 hours 5/15/15 59 Employee Benefit Plans Programs

68 8-Hour Program(s) Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC) Learn how to avoid the most common problems and deficiencies found by the DOL. Discuss how to: Identify unique employee benefit plan (EBP) audit risks Perform the right level of service and proper level of audit testing Prepare GAAP and DOL compliant financial statements Practitioners in public accounting firms that audit defined contribution pension plans. Participants will be able to: Audit defined contribution plans in accordance with GAAS and DOL requirements Identify audit risk areas for defined contribution plans Develop and perform appropriate audit testing to address these assessed audit risks Avoid mistakes and deficiencies in preparing EBP financial statements and required disclosures Defined contribution plan audit requirements Common EBP audit and reporting deficiencies Unique audit planning characteristics in EBP audits Difficult audit areas found in EBP engagements... Limited scope and full scope audit requirements Recent changes to EBP Audit Guide 401k financial statement reporting and disclosure requirements ASC 820 and fair value disclosure requirements including ASU Updating and documenting the risk assessment in EBP audits Filing and reporting requirements for Form 5500 Unique employee benefit plan accounting and financial reporting requirements Unique 403(b) audit engagement attributes. ADC Group-live; lecture, case examples, and discussion questions Basic to Intermediate Experience in conducting audits of defined contribution plans Accounting and Auditing Accounting 4 hours Auditing 4 hours 5/15/15 60 Employee Benefit Plans Programs

69 8-Hour Program(s) FAQ Employee Benefit Plan Accounting and Auditing (FAQEBP) This program hits the mark by reviewing real issues and questions asked by participants of Loscalzo s employee benefit plan seminars in the past as well as observations and best practices identified by the author when performing employee benefit plan consulting engagements. The manual includes issues dealing with employee benefit plan accounting and disclosures, fair value, audit procedures and best practices. Get quick and practical solutions to issues that may confront your benefit plan practice. Practitioners in public practice who need to keep on top of changing needs and current issues in the employee benefit plan audit arena. Participants will be able to: Recognize employee benefit plan accounting and financial reporting issues impacting employee benefit plans Resolve emerging practice problems encountered in your benefit plan practice Address potential issues and problems before they arise in your benefit plan engagements Accounting and disclosure issues including but not limited to fair value accounting measurement, disclosure and reporting issues, investments, plan financial statement disclosures, participant data, party-in-interest and prohibited transactions, plan administrative expenses, DOL supplemental schedule presentation and reporting, unique accounting and auditing challenges for 403(b) plans, plan compliance, operational defects and plan terminations. Auditing and engagement documentation issues including but not limited to EBP audit risk assessment considerations Internal controls documentation and reviewing SOC 1 reports, evaluation and use of third party valuation specialists, participant data testing, limited scope requirements and audit procedures, auditing employer and employee contributions. FAQEBP Group-live; lecture and case discussions Basic Basic familiarity with accounting standards Accounting and Auditing Accounting 4 hours Auditing 4 hours 6/1/15 61 Employee Benefit Plans Programs

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71 Staff Level Training Programs (All 2-Day Programs) Table of Contents LOSCALZO ASSOCIATES has over 30 years of experience designing what staff needs to perform their day-to-day accounting and auditing duties efficiently and effectively. Through a combination of lecture and case studies, participants will be given an opportunity to perform real engagement functions. Manuals include practice aids review and audit programs, client representation letters, and technical review checklists. Staff Level Training Programs (All 2-Day Programs) Hour Program(s) Entry Level Staff A&A Staff Level 1 (SL1) Experienced Staff A&A Staff Level 2 (SL2) In-Charge Staff A&A Staff Level 3 (SL3) Staff Level Training Programs

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73 16-Hour Program(s) Entry Level Staff A&A Staff Level 1 (SL1) This course is a must for firms who need to transition newly-hired staff from the academic environment to the practice world. The program demonstrates to inexperienced staff with limited real world experience a variety of workpapers for typical assignments in the first year in the field. This program combines the one-day program Documentation Techniques for Entry Level Staff with a discussion of compilation, review and audit issues. New entry level staff accountants (less than one year of experience). The course allows participants to easily make the transition from the classroom to the real world. Participants will be able to: Apply the professional standards applicable to the various areas of practice Identify the similarities and differences between compilations, reviews and audits Perform appropriate compilation, review and audit procedures Identify the documentation appropriate for the level of service The ABCs of preparing documentation, including AU 230 requirements... Practical documentation formats that eliminate unnecessary work Typical documentation deficiencies... Cash procedures... Analysis of receivables... Property, plant and equipment capitalization and depreciation... Payables and other accrued liabilities... Revenue and expense procedures... Illustrations of documentation for all three levels of service Professional standards covering compilation, review and audit Specific procedures required of all three levels of service... Level of knowledge needed to perform all three levels... Resources needed to perform according to professional standards SL1 Group-live; lecture and group discussion of questions and hands-on case studies Basic; although some practice experience is helpful usually between 3 months to 12 months of experience would maximize the learning experience Basic knowledge of SSARS for compilations and reviews and SAS for audits Accounting and Auditing Accounting 8 hours Auditing 8 hours 7/1/15 65 Staff Level Training Programs

74 16-Hour Program(s) Experienced Staff A&A Staff Level 2 (SL2) As they gain more experience, staff are expected to take on more complex assignments with minimal supervision. This program combines two one-day courses: Risk-Based Audit Standards: Effective Utilization (RBA) and Disclosure The Key To Financial Statements (DKFS). This program covers practical application and understanding for auditing using the Risk-Based Audit Standards and provides basic disclosures required when preparing GAAP financial statements. Staff assistants with one to three years of experience. Participants will be able to: Understand the risk-based audit standards Apply risk assessment audit procedures Develop effective and efficient audit strategies for private entity audits Select effective and efficient audit testing strategies Determine when it might be more efficient to perform internal control testing Identify basic required disclosures and write disclosures for privatelyheld companies Risk assessment process Risk assessment procedures Audit planning Audit strategy Testing strategies Internal control testing Risk assessment audit standards Sampling applications Sufficiency of evidence Documentation Best practices Linked and tailored audit procedures Disclosure requirements for GAAP, with an emphasis on common peer review deficiencies. SL2 Group-live; lecture and group discussion of cases and discussion questions. For the audit segment, participants will walk through selected areas of an audit. Intermediate - usually between 1 and 3 years experience would enhance the learning experience Participant should have participated on an audit engagement; be familiar with GAAP, be recent with FASBs and audit standards ; however, a calculator would prove useful on some of the case studies Accounting and Auditing Accounting 8 hours Auditing 8 hours 7/1/15 Audit Section (Day 1) qualifies for the 24 hour Yellow Book requirement. Disclosure Section (Day 2) qualifies for the 24 hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 66 Staff Level Training Programs

75 16-Hour Program(s) In-Charge Staff A&A Staff Level 3 (SL3) Many times the firm expectations of an in-charge are not expressed. This course will identify basic expectations of this level while emphasizing the technical aspects of planning effective and cost efficient audits. This program concentrates on the role expected of an in-charge for training, supervision and engagement management skills. This course includes the one-day program, Loscalzo s Reviewing Documentation Effectively. Staff with in-charge responsibility (over three to four years of experience). Participants will be able to: Identify the elements of a successful engagement Identify responsibilities expected of an in-charge Understand the necessity of time management Plan cost efficient audit engagements Train and supervise assistants Identify techniques for utilizing audit effectiveness strategies Review the document produced on an audit Communicate the results of the review and documentation deficiencies to staff Role of the in-charge Engagement and time management Effective planning considerations, including fraud risk assessment, and the risk of material misstatement Documentation requirements under the SASs and SSARS requirements Common documentation problems Approaches to workpaper review... Documentation of the review process Communication of results of review process. SL3 Group-live; lecture, role play, and group discussion of cases involving a review of review and audit documentation Intermediate knowledge of GAAP including FASBs and SASs Participants should have assistant level experience and be familiar with the audit planning process Auditing 16 hours 7/1/15 Day 1 topic: Planning Cost Efficient And Effective Audits (4 hours) qualifies for the 24 hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditor s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement. 67 Staff Level Training Programs

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77 Professional Ethics Programs Table of Contents For the following states, we have developed an ethics program that complies with their applicable state board ethics CPE requirement: Connecticut, Delaware, Massachusetts, New Jersey, New York, South Carolina, and Vermont Please check with your state board ethics requirements to see if a generic ethics program or a state board specific program is required. Professional Ethics Programs Hour Program(s) Professional Ethics for CPAs NEW! (ETHICS4) Professional Ethics Program

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79 4-Hour Program(s) Professional Ethics for CPAs NEW! (ETHICS4) In 2014, the AICPA s Professional Ethics Executive Committee (PEEC) issued a clarified and revised AICPA Ethics Code. In this program, we will use the revised AICPA Code of Professional Conduct, generally effective December 15, 2014, as our basis for discussing regulatory ethics. This program will address ethics rules applicable to all members (CPAs) members in public practice, members in business, and other members. CPAs in public practice as well as CPAs employed in private industry. Participants will be able to: Describe the revised AICPA Code of Professional Conduct generally effective for periods after December 15, 2014 Identify ethical threats and safeguards associated with members practicing in public practice, in business, or applicable to other members Describe AICPA Code of Professional Conduct rules applicable to all members as well as rules applicable to members in public practice and members in business Explain and apply the AICPA s Code of Professional Conduct rules applicable to integrity and objectivity, independence, general standards, acts discreditable, commissions and referral fees, advertising, confidential information, and form of organization and name. Issues impacting attest services, including independence issues Issues impacting non-attest practices and engagements Issues impacting CPAs in industry. ETHICS4 Group-live; lecture and group discussion of questions Basic Basic knowledge of professional ethics rules and regulations Regulatory Ethics 4 hours 5/15/15 71 Professional Ethics Program

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81 Professional Development Program Table of Contents Professional Development Program Hour Program(s) Business Communication NEW! (BC) Professional Development Program

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83 8-Hour Program(s) Business Communication NEW! (BC) In today s fast-paced world, communication takes on many different forms and can affect a business positively or negatively. Understanding how to listen, speak and write effectively is the pathway to building trust and credibility with colleagues and clients. Through various forms of communication, business professionals can create long-lasting relationships that may lead not only to personal improvement but also improvement of the bottom line. Accountants in public practice and industry. Participants will be able to: Understand the importance of developing personal credibility Develop listening skills to better identify the specific needs of clients and personnel Learn how to create strategies for developing connections that lead to future business opportunities and personal enrichment Write business articles for local and regional media outlets Identify different ways to communicate with the outside world Write white papers, blogs, and other resources as credibility-builders Use social media to connect with clients and prospects Improve speaking skills for greater impact BC Group-live Basic Professional Development 8 hours Now Personal credibility Better listening Networking Leveraging your connections Writing articles, white papers and blogs Using social media to generate interest and deepen connection Speaking skills Using audio visuals. 75 Professional Development Program

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85 Loscalzo s Management Our Team Stacey Painter, CPA, President stacey@loscalzo.com John Fleming, CPA, MBA, Executive Vice President, Accounting Programming & Development at SmartPros jfleming@smartpros.com Desiree Smith, Administrative Director/State Society Coordinator desiree@loscalzo.com Helene Gomes, Marketing Coordinator/Webmaster/Social Media helene@loscalzo.com AnnMarie Meyer, In-house Coordinator annmarie@loscalzo.com Maddalena Nava, Production Assistant maddalena@loscalzo.com Wendy Parris, Financial Coordinator wendy@loscalzo.com Teresa Viana, Production/NY Coordinator teresa@loscalzo.com 77 Management

86 Discussion Leaders Group Practice Leaders Gregory M. Clark, CPA, CFE, CISA Employee Benefit Plans Kenneth Heaslip, MS, MBA, CPA Ethics Rebecca M. Lee, CPA Accounting and Auditing James J. Newhard, CPA Private Company Issues Marci S. Thomas, CPA, MHA Not-for-Profit Discussion Leaders Christa Dunn, CPA Allen L. Fetterman, CPA John M. Fleming, CPA, MBA Cathy Fyock, CSP, SPHR Peter Goldmann, CPA Joseph E. Manfre, CPA Mark Mishler, CPA Stacey Painter, CPA Robin L. Ring, CPA Deborah Rose, CPA David Truesdell, CPA Joseph Scudese, CPA Howard Sibelman, CPA Barry E. Smith, CPA James E. Woy, CPA 78 Management

87 Gregory M. Clark, CPA, CGMA Gregory M. Clark, CPA, CGMA, is an author and Group Practice Leader for LOSCALZO ASSOCIATES LTD. and a Principal with the Business Compliance & Controls Group (BCCG), an accounting consulting firm specializing in technical accounting and auditing, employee benefit plan audits and compliance, internal controls auditing, consulting and assessments, and accounting training and consulting. With more than 30 years experience in the audit and business compliance field, Greg has participated in all aspects of auditing and attest engagements, employee benefit plan audits, including plan audit and business risk assessments, plan internal control assessment and design, plan regulatory compliance, data retention management, and administrative contract compliance. BCCG provides technical accounting and auditing consulting services, quality control reviews and effectiveness reviews and compliance assistance to CPA firms throughout the United States. Greg is a nationally known speaker on the topics of employee benefit plans, technical accounting and auditing, operational auditing and internal controls, risk assessment and evaluation, data retention management and various other topics. Greg has worked with accountants and auditors with many Fortune 500 companies, numerous local, regional, and national CPA firms, and more than 40 state CPA societies. Teaches the following: 2015 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI) 2015 FASB and AICPA Update NEW! (FAU) Accounting for New Revenue Standard Workshop NEW! (ANR) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC) Compilation and Review Practice Guide (CRP) Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) Disclosure The Key to Financial Statements (DKFS) FAQ Accounting and Auditing (FAQAA) FAQ Employee Benefit Plan Accounting and Auditing (FAQEBP) Fraud for Industry NEW! (FRAUDI) Fraud for the Practitioner NEW! (FRAUDP) GAAP for Industry NEW! (GAAPI) GAAP for the Practitioner NEW! (GAAPP) Professional Ethics for CPAs NEW! (ETHICS) Reviewing Documentation Effectively (RDE) Risk-Based Audit Standards: Effective Utilization (RBA) Special Purpose Frameworks (SPF) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) Testing and Understanding Internal Control A Workshop (TUIC) 79 Discussion Leaders

88 Christa M. Dunn, CPA Christa M. Dunn, CPA, is a discussion leader for LOSCALZO ASSOCIATES LTD. and member with Christa M. Dunn, CPA, LLC, focusing on the performances of attest engagements including the audits of employee benefit plans. She has also taught a variety of accounting courses as an adjunct professor at Trident Technical College and the Citadel Military College of South Carolina. Christa Dunn is a member of the South Carolina Association of Certified Public Accountants and the American Institute of Certified Public Accountants. She received a Master of Accountancy and Bachelor of Business Administration degrees from the University of Georgia. In addition to being a Certified Public Accountant, Christa is also a Certified Fraud Examiner (CFE) and holds the Certified Employee Benefits Specialist (CEBS) and the Associate of Captive Insurance (ACI) designations. Teaches the following: 2015 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI) Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC) Compilation and Review Practice Guide (CRP) Disclosure The Key to Financial Statements (DKFS) Entry Level Staff A&A Staff Level 1 (SL1) FAQ Employee Benefit Plan Accounting and Auditing (FAQEBP) 80 Discussion Leaders

89 Allen L. Fetterman, CPA Allen L. Fetterman, CPA, is a discussion leader for LOSCALZO ASSOCIATES LTD. He lectures extensively throughout the country on not-for-profit accounting, auditing, federal compliance audits (OMB A-133), tax-exempt issues and governance. Mr. Fetterman was an assistant professor of accounting at a college and has been a guest lecturer at Yale University and New York University. He is a past recipient of both the AICPA s and FAE s Outstanding Discussion Leader Award. He has written articles published in national accounting periodicals in the United States and Israel on accounting and taxes for not-for-profit organizations. He retired in 2003 from Loeb & Troper, where he spent thirty-six years serving not-for-profit organizations as an auditor and consultant, the last twenty-five years as a partner. In addition to his client responsibilities, he was the partner in charge of the firm s quality control and technical resources. He has served on the AICPA s Not-for-Profit Organizations Committee, Not-for-Profit Audit and Accounting Guide Task Force and Joint Trial Board. He has chaired the New York State Society of CPAs Not-for-Profit Organizations, Professional Ethics, Audit, and Quality Controls Committees and the AICPA Joint Trial Board. He also served as Vice President of New York State Society of CPAs. Mr. Fetterman received his BBA in Accounting from The City College of New York in 1968 and his MBA in Accounting from the Bernard M. Baruch College in He was elected to Beta Gamma Sigma, the national honorary society in business. He received his CPA certificate in 1973 and is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. Allen has served on the governing boards of not-for-profit organizations, including positions as Treasurer and Chair of the Audit Committee and the Finance Committee. Teaches the following: Compliance Auditing from Start to Finish NEW! (CAS) Compliance Auditing: Questions from the Field (CAQ) Essentials of Nonprofit Auditing (ENA) FAQ Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP) Nonprofit Industry Update and GAAP Refresher (NIU) 81 Discussion Leaders

90 John M. Fleming, CPA John M. Fleming, CPA, MBA, is an Executive Vice President at SmartPros Ltd. SmartPros is a leading provider of accredited professional educational and training programs to accounting firms, industry associations, and Fortune 500 companies. John s current responsibilities at SmartPros include the management and development of SmartPros accounting and finance self-study library, SmartPros Advantage (SPA). John is also a frequent presenter on accounting and auditing topics in SmartPros monthly video series, CPA Report. SmartPros is the parent organization of Loscalzo Associates. Loscalzo Associates is the leading and largest accounting and auditing CPE provider in the country. For the past twenty-six years, John has served as President of Loscalzo Associates and prior to being appointed President, as Loscalzo s Director of Accounting and Auditing. John retired as President of Loscalzo Associates on January 1, John, a Pennsylvania CPA, served as the 1999/2000 President of the 8,300 member Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants and currently serves as a member of the Institute s Accounting and Auditing Technical Committee as well as chair of the Philadelphia Chapter s Accounting and Auditing Technical Committee. In 2006, the PICPA recognized John as a Joseph E. Sterrett Fellow for his contributions to the accounting profession and in 2007, the Philadelphia Chapter recognized John with their Champion Award for his contributions to the PICPA, Chapter, profession and community. John has also served as the 2002/2003 President of the American Accounting Association s Mid-Atlantic Region. Teaches the following: 2015 FASB and AICPA Update NEW! (FAU) A&A Staff Levels 1, 2, and 3 (SL1, SL2, SL3) Accounting for New Revenue Standard Workshop NEW! (ANR) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) Compilation and Review Practice Guide (CRP) Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) Disclosure The Key To Financial Statements (DKFS) Documentation Techniques for Entry Level Staff (DTE) FAQ Accounting and Auditing (FAQAA) Fraud for Industry NEW! (FRAUDI) Fraud for the Practitioner NEW! (FRAUDP) GAAP for Industry NEW! (GAAPI) GAAP for the Practitioner NEW! (GAAPP) Professional Ethics for CPAs NEW! (ETHICS) Reviewing Documentation Effectively (RDE) Risk-Based Audit Standards: Effective Utilization (RBA) Special Purpose Frameworks (SPF) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) Testing and Understanding Internal Control A Workshop (TUIC) 82 Discussion Leaders

91 Cathy Fyock, CSP, SPHR Cathy Fyock, CSP, SPHR, is Founder/Owner of Cathy Fyock, LLC, specializing in helping professionals write books to promote their businesses and careers. With more than 20 years experience in consulting and human resources, Cathy has developed and delivered hundreds of learning events for her clients, and coaches individuals who want to write as a tool to build credibility and visibility. Cathy has worked with several national and regional HR and business consulting firms, including her own company, Innovative Management Concepts. Cathy is a graduate of Western Kentucky University, and received her Masters from the University of Louisville with a degree in management. Cathy has also authored six books, including her most recent, On Your Mark: From First Word to First Draft in Six Weeks. She has also served on faculty for the Society for Human Resource Management for more than 15 years. Previously, Cathy was the director of HR for Kentucky Fried Chicken, where she led several national initiatives. Currently Cathy is Immediate Past Chair for the KY SHRM Council. Cathy is a member of the National Speakers Association, and has received the coveted Certified Speaking Professional designation. She is also lifetime certified as a Senior Professional in Human Resources (SPHR). The Louisville SHRM chapter awarded her with their first-ever Professional in HR Award, and Cathy has also been given the Hanna Volunteer Spirit Award for her volunteerism by the KY SHRM Council. Teaches the following: Business Communication NEW! (BC) 83 Discussion Leaders

92 Peter Goldmann, MSc., CFE Peter Goldmann, MSc., CFE, is an author and discussion leader for LOSCALZO ASSOCIATES LTD. Peter is the president of White-Collar Crime 101 LLC, the publisher of White-Collar Crime Fighter, a monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and fraud investigators. Peter has published White-Collar Crime Fighter since 1998 and has interviewed hundreds of fraud investigators, forensic accountants, whitecollar crime attorneys, ex-convicts and auditors. In addition, White-Collar Crime 101 has developed the leading employee fraud awareness training program, FraudAware. This is a user-friendly workshop, Webinar and E-learning training program designed to educate employees and managers at all levels in how to detect, prevent and report incidents of fraud or suspicious conduct. The training, which is customized for individual, corporate, non-profit and government agency clients, reinforces companies whistleblowing programs by enabling employees to detect fraudulent activity that can then be reported to supervisors or managers or by using the organization s confidential hotline. Peter is co-founder of FraudResourceNet ( a premium anti-fraud Web portal for auditors, accountants, compliance managers, financial managers and other anti-fraud professionals. Peter has 25 years of experience as a business journalist and trainer, having launched, edited and published numerous business trade periodicals covering small business, international trade, management strategy, banking and personal finance. He is the author of Detecting and Preventing Fraud in Accounts Payable and member of the Editorial Advisory Committee of the Association of Certified Fraud Examiners (ACFE) as well as an active member of the High-Tech Crime Investigation Association, the International Association of Financial Crime Investigators (IAFCI) and InfraGard. He is a regular contributor to leading industry publications on antifraud topics. He has appeared on The Wall Street Journal This Morning, Fox Business News, The New York Times and Internal Auditor magazine.. Teaches the following: Fraud for Industry NEW! (FRAUDI) Fraud for the Practitioner NEW! (FRAUDP) 84 Discussion Leaders

93 Kenneth Heaslip, MS, MBA, CPA, CGMA Kenneth Heaslip, MS, MBA, CPA, CGMA, is a discussion leader and group practice leader in Professional Ethics for LOSCALZO ASSOCIATES LTD. Kenn has extensive experience teaching all levels of accounting, auditing and in other practice related areas. He has served as Vice President and Trustee of the New Jersey Society of CPAs, Secretary of their Scholarship Fund and President of the Essex Chapter. He is an active member of several Society committees in taxation and student programs and is past chair of the State Educators Committee. Kenn also serves on the NJSCPA Professional Conduct committee. Kenn is a Director at Leaf, Saltzman, Manganelli, Tendler, & Miele LLP in Fairfield, NJ, a regional CPA firm in Northern New Jersey and New York City. Kenn is also an Associate Professor of Accounting at Bloomfield College. He previously was an Executive in Residence at Seton Hall University where he was the students choice as Educator of the Year two years in a row. He taught in the Executive MBA program at Rutgers University and has been with Becker CPA Review since Until 1998, Kenn was the National Director of the Becker CPA Review Course, where he was responsible for course content and instruction quality. At Becker, he oversaw and trained over 350 instructors as well being the lead editor of all the course materials. Kenn lectured extensively throughout the United States, as well as in Canada and Asia. Kenn earned his B.A. from Rutgers University and has an M.S. in Taxation and M.B.A. in Finance, from Seton Hall University. Teaches the following: 2015 FASB and AICPA Update NEW! (FAU) Accounting for New Revenue Standard Workshop NEW! (ANR) Compilation and Review Practice Guide (CPR) Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) Disclosure The Key To Financial Statements (DKFS) Entry Level Staff A&A Staff Level 1 (SL1) FAQ Accounting and Auditing (FAQAA) Fraud for Industry NEW! (FRAUDI) Fraud for the Practitioner NEW! (FRAUDP) GAAP for Industry NEW! (GAAPI) GAAP for the Practitioner NEW! (GAAPP) Professional Ethics For CPAs (ETHICS) Reviewing Documentation Effectively (RDE) Special Purpose Frameworks (SPF) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) 85 Discussion Leaders

94 Rebecca Lee, CPA, CGMA Rebecca Lee, CPA, CGMA, is a Group Practice Leader for LOSCALZO ASSOCIATES LTD. and a Principal with Brooke, Freeman & Lee, having offices in Anniston and Birmingham, Alabama. She serves as the assurance, quality control and compliance principal with responsibilities for the audit practice. She has served on numerous AICPA and state society committees including the AICPA Management Consulting Service Professional Practice Subcommittee, Small Business Consulting Practices Subcommittee, Council of the AICPA and is a past member of the Institute s MAS Executive Committee and Personal Financial Planning Executive Committee. She has chaired both the Management Advisory Committee and the Personal Financial Planning Committee of the Alabama Society of CPAs. She currently serves on the South Carolina Association of CPAs Peer Review Committee and the Continuing Professional Education Committee. She holds a BS degree in Accounting from Jacksonville State University, Jacksonville, Alabama, along with a Masters Degree in Accounting from Birmingham Southern College, Birmingham, Alabama. Ms. Lee is a group practice leader for all staff level audit training programs, as well as other accounting and auditing technical courses. She is a frequent speaker at CPA conferences, and has lectured extensively in the area of management advisory services at professional meetings and seminars for state societies and the American Institute of CPAs. With more than 30 years of experience in the audit and accounting field, Rebecca has served as a discussion leader, technical reviewer and author of courses for audit and accounting technical courses. Ms. Lee has served as professor of management accounting in the graduate studies (Master in Public and Private Management) program at Birmingham-Southern College in Birmingham, Alabama. She is a member of the Alabama Society of CPAs, the South Carolina Association of CPAs and the AICPA. Teaches the following: 2015 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI) 2015 FASB and AICPA Update NEW! (FAU) A&A Staff Levels 1, 2, and 3 (SL1, SL2, SL3) Accounting for New Revenue Standard Workshop NEW! (ANR) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC) Compilation and Review Practice Guide (CPR) Compliance Auditing: Questions from the Field (CAQ) Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) Disclosure The Key To Financial Statements (DKFS) Documentation Techniques for Entry Level Staff (DTE) Essentials of Nonprofit Auditing (ENA) FAQ Accounting and Auditing (FAQAA) FAQ Employee Benefit Plan Accounting and Auditing (FAQEBP) FAQ Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP) Fraud for Industry NEW! (FRAUDI) Fraud for the Practitioner NEW! (FRAUDP) 86 Discussion Leaders

95 Teaches the following (continued): GAAP for Industry NEW! (GAAPI) GAAP for the Practitioner NEW! (GAAPP) Improve Your Accounting and Finance Teams Effectiveness (IAF) Nonprofit Industry Update and GAAP Refresher (NIU) Nonprofit, Government and Compliance Update (NGCU) Professional Ethics For CPAs (ETHICS) Reviewing Documentation Effectively (RDE) Risk-Based Audit Standards: Effective Utilization (RBA) Special Purpose Frameworks (SPF) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) Testing and Understanding Internal Control A Workshop (TUIC) 87 Discussion Leaders

96 Joseph E. Manfré, CPA Joseph E. Manfré, CPA, is a discussion leader for LOSCALZO ASSOCIATES LTD. He is Co- Founder and Member of Sacco Manfre CPA PLLC, Accountants and Advisors, located in Armonk, New York. He is licensed in the State of New York and has been servicing the needs of single employer and multi-employer benefit plans for most of his 30 year career in public accounting. He previously was the chairman of the NYSSCPAS Employee Benefits Committee and has been for many years, and is currently, a speaker on audits of employee benefit plans at their annual conference. Joe has been quoted in the BNA Daily Tax Report, and is referred to by the NYSSCPA hotline for audit and tax related questions on employee benefit plans. His experience and contacts in the employee benefits industry prove invaluable to Benefit Funds Trustees and Management. Joe is a member in good standing of the AICPA, NYSSCPA and the International Foundation of Employee Benefit Plans. He earned his BBA degree in Accounting from Bernard Baruch College. Teaches the following: 2015 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI) Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC) Compilation and Review Practice Guide (CRP) FAQ Employee Benefit Plan Accounting and Auditing (FAQEBP) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) 88 Discussion Leaders

97 Mark D. Mishler, CPA, CMA Mark D. Mishler, CPA, CMA, is a discussion leader for LOSCALZO ASSOCIATES LTD. He was Senior Vice President, Chief Financial Officer, Treasurer, and Secretary with Breeze-Eastern (NYSE:BZC), a global aerospace manufacturer. In this role, he managed financial planning and analysis plus budgeting and forecasting. He ensured financial integrity and regulatory compliance; worked with all operational managers to improve profitability, cash flow, and balance sheet optimization; and developed stakeholders confidence in the company. Functionally, he managed finance, accounting, auditing, treasury, tax, SEC reporting, information technology, and risk management. With more than 29 years experience in finance and accounting for global public manufacturing companies, Mr. Mishler has led debt and equity financing including an IPO, mergers & acquisitions, public and SEC reporting, audit, risk management, investor relations, operations analysis, manufacturing accounting, information technology, and strategic planning. His prior experience includes public-company Chief Financial Officer, Treasurer, Controller, Chief Accounting Officer, and CIO roles at General Electric Healthcare, Fedders Corporation, Amcast Industrial Corporation, Witco, Dun & Bradstreet, and WR Grace. During his career, Mr. Mishler has managed finance and accounting in more than 30 countries and has led due diligence, negotiations, structuring, and integration of more than 25 acquisitions and joint ventures. Mr. Mishler earned two Bachelors degrees in Chemistry and in Biology from Indiana University and his M.B.A. from the University of Michigan. He is a Certified Public Accountant and a Certified Management Accountant. Mr. Mishler has been an Adjunct Professor of Accounting and Finance for 19 years teaching at graduate and undergraduate levels. He has taught the CMA review course, graded the CMA exam, and written questions for the CPA exam. Teaches the following: 2015 FASB and AICPA Update NEW! (FAU) Accounting for New Revenue Standard Workshop NEW! (ANR) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) Disclosure The Key to Financial Statements (DKFS) GAAP for Industry NEW! (GAAPI) GAAP for the Practitioner NEW! (GAAPP) Improve Your Accounting and Finance Teams Effectiveness (IAF) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) Testing and Understanding Internal Control A Workshop (TUIC) 89 Discussion Leaders

98 James J. Newhard, CPA James J. Newhard, CPA, is a discussion leader for LOSCALZO ASSOCIATES LTD. and an established CPA practitioner with 35 years of practice in public accounting. Jim spent 7½ years of public practice with a regional and national CPA firm in their A&A departments. Subsequent to that Jim established his own firm, JAMES J. NEWHARD, CPA, in December, 1986 committed to a focus on small business entrepreneurs, individuals, and providing a variety of tax (preparation, planning and controversy), accounting (review, compilation, and QuickBooks Pro-Advisor), business analytics and attestations, and advisory services to individuals, small-to-medium-sized businesses, estates, and trusts. Jim is a member of the AICPA (including PCPS and Tax Section) and serves on the AICPA FRF for SMEs Users Group. Jim is also a long-time, very active and involved member of the PICPA, including many years of leadership in the Greater Philadelphia Chapter, including serving as Chapter President ( ). He was the recipient of the Volunteer Service Award (2009) and the Champion Service Award (2012). Jim serves on several PICPA statewide committees including the Committee on Practitioners, Budget and Finance, CPA Image Enhancement, Member Services, State and Local Taxation (as well as the Act 32 Task Force), Legislation, and the Accounting and Auditing Procedures Committee. Additionally, at the Philadelphia Chapter level, Jim has served(s) on the Committee on Practitioners [committee chair], Local Taxation and Legislation Committee, Federal Tax, Member Services, the Accounting and Assurance Committee, and the Executive Committee. Additionally, Mr. Newhard serves as the editor of the A&A column (and previously Practitioner s column) for the Pennsylvania CPA Journal, has authored several columns and features, and has provided PICPA webinars on both Pennsylvania local taxation and A&A update. With a career-long focus on practitioner services and the essential client services, Jim serves as discussion leader for Loscalzo Associates in compilation and review, practitioner financial reporting and standards issues and updates, professional ethics, Special Purpose Framework Financial Reporting, Financial Reporting Framework for SMEs, FASB and AICPA Update, and workpaper considerations and issues. Teaches the following: 2015 FASB and AICPA Update NEW! (FAU) Accounting for New Revenue Standard Workshop NEW! (ANR) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) Compilation and Review Practice Guide (CRP) Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) Disclosure The Key to Financial Statements (DKFS) Documentation Techniques for Entry Level Staff (DTE) Professional Ethics for CPAs (ETHICS) Special Purpose Frameworks (SPF) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) 90 Discussion Leaders

99 Stacey Painter (nee Tedeschi), CPA Stacey Painter (nee Tedeschi), CPA, licensed in Wisconsin, is the President of LOSCALZO ASSOCIATES, LTD., a wholly-owned subsidiary of SmartPros Ltd., and has been providing technical training to audiences across the country on subjects ranging from International Financial Reporting Standards (IFRS) and related FASB/IASB joint projects, to regulatory reform and the Dodd-Frank Act. Her passion, enthusiasm, energy and the ability to speak to all levels of professionals has made her a sought-after speaker. Stacey has over 20 years of experience in both the public and private industry. Before pursuing her passion for training and development full time, Stacey spent 14 years with Resources Global Professionals. Most recently Stacey was the Managing Director of Accounting and Finance Services working with the firm s U.S. offices in developing go-to market strategies around accounting initiatives, as well as providing technical training onsite at clients around the country. Prior to joining Resources, Stacey was the Corporate Controller of a publicly-traded manufacturer of golf equipment Square Two Golf. In this capacity, she was responsible for all aspects of accounting, financial reporting (SEC), planning and budgeting as well as Human Resources and Internal Control. Stacey began her career and spent 6 years at Deloitte & Touche specializing in middle market manufacturing. Stacey received her Bachelors in Accounting from Pace University in New York. Teaches the following: 2015 FASB and AICPA Update NEW! (FAU) Accounting for New Revenue Standard Workshop NEW! (ANR) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) Compilation and Review Practice Guide (CRP) Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) Disclosure The Key to Financial Statements (DKFS) Documentation Techniques for Entry Level Staff (DTE) Fraud for Industry NEW! (FRAUDI) Fraud for the Practitioner NEW! (FRAUDP) Improve Your Accounting and Finance Teams Effectiveness (IAF) Professional Ethics for CPAs (ETHICS) Reviewing Documentation Effectively (RDE) Risk-Based Audit Standards: Effective Utilization (RBA) Testing and Understanding Internal Control A Workshop (TUIC) 91 Discussion Leaders

100 Robin L. Ring, CPA Robin L. Ring, CPA, is a discussion leader for LOSCALZO ASSOCIATES LTD. and is the founder and sole owner of RL Ring & Associates, Ltd., Certified Public Accountants. With more than thirty-one years of experience, he provides a wide variety of audit, tax, accounting, and consulting services to his clients. His primary focus is with privately held companies in the manufacturing, non-profit, service, and construction industries. Robin performs audits of pension plans as required by ERISA and the Department of Labor. He also performs audits in the following industries: employee benefit plans, construction, manufacturing, common interest realty associations, not-for-profits, and governmental audits. He is proficient in small business accounting, auditing, and taxation. He also performs both system and engagement peer reviews. He received his Bachelor of Science degree from St. Joseph's College. He is a member of the American Institute of Certified Public Accountants and the Ohio Society of Certified Public Accountants. He is a member of the Peer Review Advisory Board, the Practicing Aspects of Reviews and Compilations Committee, and the Audit and Accounting Committee of the Ohio Society of CPA s. Robin has also been a seminar leader for various professional organizations. Teaches the following: 2015 FASB and AICPA Update NEW! (FAU) Compilation and Review Practice Guide (CRP) Disclosure The Key to Financial Statements (DKFS) Experienced Staff A&A Staff Level 2 (SL2) GAAP for Industry NEW! (GAAPI) GAAP for the Practitioner NEW! (GAAPP) Special Purpose Frameworks (SPF) 92 Discussion Leaders

101 Deborah Rose, CPA Deborah Rose, CPA, is an author and discussion leader for LOSCALZO ASSOCIATES LTD. and a partner with Loescher, Rose & Co., CPAs. She is also a full-time lecturer at the University of Rhode Island, College of Business Administration where she has taught accounting courses since 1978 and received its Excellence in Undergraduate Teaching Award in Debbie has 35 years of public accounting experience, nine of which were with Deloitte, Haskins and Sells and Arthur Young & Company. In addition to teaching and writing curriculum for Loscalzo Associates since 1988, she taught numerous regional and national programs for her firms and has been recognized as an Outstanding Discussion Leader by the AICPA. Debbie has served as a board member for the Rhode Island Society of CPAs, and served for many years on its CPE Committee. She authored instructional materials for several Prentice Hall accounting textbooks and also participated as an invited speaker at that publisher's regional conferences for accounting educators. Debbie Rose holds an MS in Accounting from the University of Rhode Island and BS in Mathematics from Simmons College. Teaches the following: 2015 FASB and AICPA Update NEW! (FAU) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) Compilation and Review Practice Guide (CRP) Disclosure The Key To Financial Statements (DKFS) GAAP for Industry NEW! (GAAPI) GAAP for the Practitioner NEW! (GAAPP) Professional Ethics for CPAs (ETHICS) Reviewing Documentation Effectively (RDE) Special Purpose Frameworks (SPF) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) 93 Discussion Leaders

102 Joseph Scudese CPA, CFE, CGFM Joseph Scudese CPA, CFE, CGFM - a discussion leader for LOSCALZO ASSOCIATES LTD., is an emeritus partner at the New Brunswick, NJ office of WithumSmith+Brown, PC and has over 40 years of public accounting experience. He is a licensed certified public accountant in the states of New Jersey, and New York and is also a certified fraud examiner. Joseph specializes in audits for not-for-profit and governmental entities. A graduate of St. Peter s College, Joseph earned his BS degree in accounting. He was awarded the AICPA Certificate of Educational Achievement in Government Accounting and Auditing after successfully passing all four required courses and examinations. He is also a member of the New Jersey Society of Certified Public Accountants (NJSCPA). He has written numerous articles and presented several seminars on governmental auditing throughout his career. As a result of his extensive experience in auditing federal funds, Joseph is often called upon as an expert witness by the Office of the Solicitor of several U.S. departments and by U.S. attorneys in a number of regions. Joseph is a former president of the New Jersey Division of the Accountants for Public Interest. He resides in Monmouth County, NJ. Teaches the following: Compliance Auditing from Start to Finish NEW! (CAS) Compliance Auditing: Questions from the Field (CAQ) Essentials of Nonprofit Auditing (ENA) FAQ Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP) 94 Discussion Leaders

103 Howard Sibelman, CPA MBT Howard Sibelman, CPA MBT is a discussion leader for LOSCALZO ASSOCIATES LTD. and is the Director of Subscriber Services for Crowe Horwath International, an international network of 140 accounting firms. Howard provides leadership on audit methodology, the CaseWare CH International Audit Template, training initiatives and accounting and auditing technical support to the CH International Subscriber Group. Howard received his Bachelor of Science in Economics (major in Accounting) cum laude from Brooklyn College and his Masters of Business Taxation from the University of Southern California (USC). Immediately prior to joining CH International, he was a Business Assurance Partner at Moss Adams, the 11th largest accounting firm in the US. At Moss Adams, Howard was a member of the firm s International Services Group, IFRS Core Training Group, and Quality Control Coordinator for the Los Angeles office. Howard recently served as Chairman of the state of California s Accounting Principles and Auditing Standards Committee. Howard has extensive experience in accounting, auditing and consulting to middle-market companies. An integral part of Howard s background is education. During his 45+ year career as an auditor, 30+ years as an audit partner, he was National CPE Director for a national CPA firm, an instructor at USC, on the faculty of two of the largest CPA review courses, and has authored and facilitated numerous firm and CPA Society education programs. Howard was also a founding member of the AICPA Employee Benefit Plans Quality Center Executive Committee. Teaches the following: 2015 FASB and AICPA Update NEW! (FAU) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) Compilation and Review Practice Guide (CRP) Disclosure The Key To Financial Statements (DKFS) Documentation Techniques for Entry Level Staff (DTE) Experienced Staff A&A Staff Level 2 (SL2) FAQ Accounting and Auditing (FAQAA) Fraud for Industry NEW! (FRAUDI) Fraud for the Practitioner NEW! (FRAUDP) GAAP for Industry NEW! (GAAPI) GAAP for the Practitioner NEW! (GAAPP) Risk-Based Audit Standards: Effective Utilization (RBA) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) Testing and Understanding Internal Control A Workshop (TUIC) 95 Discussion Leaders

104 Barry E. Smith, CPA Barry E. Smith, CPA, is a discussion leader with LOSCALZO ASSOCIATES LTD. and has his own public accounting firm located in St. Louis, MO. He has over 30 years experience in both public and industry accounting. Barry has served as the Professional Practice Director for the 23rd largest public accounting firm where he was responsible for all technical accounting and auditing matters for the firm. He has served as a discussion leader on all aspects of US GAAP, International Accounting Standards, SEC and PCAOB issues and requirements, employee benefit plans, and governmental accounting. Barry has also served as the Chief Accounting Officer and Controller for a $2 billion NYSE listed company and as the Chief Financial Officer for growth companies. His experience has included systems selection and implementation, mergers and acquisitions, capital structuring, financial reporting and compliance. He has served as an expert panelist on topics such as International Accounting Standards, fair value accounting, tax accounting and disclosures and SEC disclosures. He has been quoted as an expert on current issues in major media. He is a member of the American Institute and Missouri Society of CPAs. Teaches the following: 2015 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI) 2015 FASB and AICPA Update NEW! (FAU) A&A Staff Levels 1, 2, and 3 (SL1, SL2, SL3) Accounting for New Revenue Standard Workshop NEW! (ANR) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC) Compilation and Review Practice Guide (CRP) Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) Disclosure The Key to Financial Statements (DKFS) Documentation Techniques for Entry Level Staff (DTE) FAQ Accounting and Auditing (FAQAA) FAQ Employee Benefit Plan Accounting and Auditing (FAQEBP) Fraud for Industry NEW! (FRAUDI) Fraud for the Practitioner NEW! (FRAUDP) GAAP for Industry NEW! (GAAPI) GAAP for the Practitioner NEW! (GAAPP) Professional Ethics for CPAs NEW! (ETHICS4) Reviewing Documentation Effectively (RDE) Risk-Based Audit Standards: Effective Utilization (RBA) Special Purpose Frameworks (SPF) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) Testing and Understanding Internal Control A Workshop (TUIC) 96 Discussion Leaders

105 Marci Thomas, CPA, MHA Marci Thomas, CPA, MHA, is an author and discussion leader for LOSCALZO ASSOCIATES LTD. Ms. Thomas is a principal and director of quality control for Metcalf-Davis, a CPA firm in Atlanta. She is also a clinical assistant professor at the University of North Carolina at Chapel Hill where she teaches Healthcare Consulting, Governance and Internal Control. Ms. Thomas also works with accounting firms, performing quality control and efficiency reviews. She works with nonprofit boards on strategic planning and governance issues. From 1986 through 1999 and again in 2005, Ms. Thomas worked for Deloitte, primarily in the accounting and advisory services department. Most recently, she was Director in Deloitte Consulting in strategy and operations practice in the Atlanta office. Marci specializes in working with not-for-profit organizations including those in the healthcare and higher education arenas. In addition to those areas she is also a nationally recognized author and speaker on OMB Circular A-133 and Governance. Ms. Thomas received her Bachelor in Business Administration with a concentration in accounting from the Georgia State University and her Masters in Health Administration at the University of North Carolina at Chapel Hill. She is a frequent speaker at local, regional and national conferences. Ms. Thomas serves on the Board of Directors for the North Carolina Association of CPAs and is on the executive committee of the Board. She is also a member of the Not-for-Profit Committee. She is a member of the not-for-profit committee for the Georgia Society. She is on the Board of Georgians for a Healthy Future. In addition to writing numerous training manuals for Loscalzo Associates Ltd., she is co-editor and author of a book published by Jossey Bass in 2004, Essentials of Physician Practice Management. Her book, Best of Boards: Sound Governance and Leadership for Nonprofit Organizations was published by the AICPA in June 2011 and is on its second printing. She is presently working on a book on Health Care Financial Management which is expected to be published by Wiley Publishing in Teaches the following: Compliance Auditing from Start to Finish NEW! (CAS) Compliance Auditing: Questions from the Field (CAQ) Essentials of Nonprofit Auditing (ENA) FAQ Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP) Nonprofit Industry Update and GAAP Refresher (NIU) Nonprofit, Government and Compliance Update (NGCU) Reviewing Documentation Effectively (RDE) Risk-Based Audit Standards: Effective Utilization (RBA) Testing and Understanding Internal Control A Workshop (TUIC) 97 Discussion Leaders

106 David Truesdell, CPA David Truesdell, CPA, is a discussion leader for LOSCALZO ASSOCIATES LTD. and is the owner of David W. Truesdell, LLC, a firm specializing in forensic accounting and quality control consulting for CPA firms. With more than 40 years experience in public accounting, including serving as an audit partner and quality control reviewer, Dave has participated in engagements for clients in manufacturing, construction, computer software development and other industries as well as for a variety of not-for profit entities. Dave is a graduate of Harvard College with a degree in Economics. He has extensive teaching experience within the firms he has worked for and also lectured for state societies and other groups. Previously, Dave was an audit partner at McGladrey & Pullen in the Boston office where he had direct client responsibilities and was a quality control reviewer. In addition, he was the office coordinator for the rollout of the new audit risk methodology in Dave received the Professional Service Award from the Massachusetts Society of CPAs and served as its Chairman and on many committees including the Peer Review committees. Dave has also been active at the AICPA having served as a member of Council, the Peer Review Board and the SEC Peer Review Committee. Teaches the following: 2015 FASB and AICPA Update NEW! (FAU) Accounting for New Revenue Standard Workshop NEW! (ANR) Analyzing Financial Statements, Including Techniques for Cash Flow Analysis (AFS) Compilation and Review Practice Guide (CRP) Compliance Auditing from Start to Finish NEW! (CAS) Compliance Auditing: Questions from the Field (CAQ) Deceptive Revenue Recognition and Other Accounting Techniques Recognizing the Warning Signs (DRR) Disclosure The Key To Financial Statements (DKFS) Documentation Techniques for Entry Level Staff (DTE) FAQ Accounting and Auditing (FAQAA) Fraud for Industry NEW! (FRAUDI) Fraud for the Practitioner NEW! (FRAUDP) GAAP for Industry NEW! (GAAPI) GAAP for the Practitioner NEW! (GAAPP) Nonprofit Industry Update and GAAP Refresher (NIU) Reviewing Documentation Effectively (RDE) Risk-Based Audit Standards: Effective Utilization (RBA) Special Purpose Frameworks (SPF) Tax Practitioner s Guide to Accounting and Reporting Issues (TPG) Testing and Understanding Internal Control A Workshop (TUIC) 98 Discussion Leaders

107 James E. Woy, CPA James E. Woy, CPA, is a discussion leader for LOSCALZO ASSOCIATES LTD. He is a Partner in the Butte office of Anderson ZurMuehlen & Co., P.C. (AZ) with thirty years of public accounting in the employee benefit and government and not-for-profit field. He is the past President of the Montana Society of CPAs. Jim also performs peer reviews throughout the country and is an author and instructor for the AICPA peer review program. Jim is a technical reviewer for the MSCPA Peer Review Committee. Jim has served as a member of the AICPA s Technical Issues Committee. He is an adjunct instructor of Auditing at Montana Tech of the University of Montana, and Board member of Granite Mt. Bank, Butte. Jim is a past President of the Butte Family YMCA and the Butte Exchange Club. He enjoys running. Teaches the following: 2015 Current Practice Issues and Update for Audits of Employee Benefit Plans NEW! (CPI) Audits of Defined Contribution Pension Plans (Emphasizing 401k Plans) (ADC) Compilation and Review Practice Guide (CRP) Compliance Auditing from Start to Finish NEW! (CAS) Compliance Auditing: Questions from the Field (CAQ) Essentials of Nonprofit Auditing (ENA) FAQ Employee Benefit Plan Accounting and Auditing (FAQEBP) FAQ Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP) Fraud for Industry NEW! (FRAUDI) Fraud for the Practitioner NEW! (FRAUDP) Nonprofit Industry Update and GAAP Refresher (NIU) Nonprofit, Government and Compliance Update (NGCU) Testing and Understanding Internal Control A Workshop (TUIC) 99 Discussion Leaders