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Accounting, Auditing, and Financial Reporting Conference (VIRTUAL)

Tuesday, Jun. 17
 8:20am - 4:30pm

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8.00 Credits

Member Price $279.00

Price will increase by $35 after 6/10

Non-Member Price $404.00

Price will increase by $35 after 6/10

Overview

This CTCPA conference discusses the most relevant issues facing the accounting profession today.

Designed For

CPAs in public practice and industry

Notice

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy.

Tuesday, June 17

General Session

- 2025 A&A Update + What's going on at the FASB

Robert Durak, Director, A&A Technical Services, AICPA

Robert Durak

Bob Durak is the Director of A&A Technical Services and the CPEA. He is the AICPA’s lead staff person on accounting and attest matters affecting private companies. Bob also oversees the AICPA Technical Hotline, and the PCPS Technical Issues Committee (TIC) and is a co-host of the AICPA’s A&A Focus monthly webinar series. Bob led the AICPA’s development of the Financial Reporting Framework for SMEs and was a staff member of the Blue Ribbon Panel on Standard Setting for Private Companies.

Earlier in his career at the AICPA, Bob was the director of the Accounting & Auditing Publications department, where he supervised the development and publication of a wide portfolio of audit and accounting guides, alerts, and practice aids.

Prior to joining the AICPA, Bob was an audit manager with Deloitte.

Andrew Merryman, Senior Manager, A&A Technical Srvcs., AICPA

Andrew Merryman

Andrew Merryman joined the Center for Plain English Accounting as a Senior Manager in December 2022. At the CPEA, Andrew’s main responsibilities include responding to technical inquiries, assisting with webcasts, and preparing monthly reports. He is also the co-host for the AICPA’s A&A Focus monthly webinar series.

Before joining the AICPA, Andrew spent his entire 12-year career in public practice, with the last 8 years at Bumgardner Morrison (BMC). As a Partner at BMC, Andrew was responsible for the firm’s A&A and Peer Review Practices and his main industry areas of expertise were Defined Contribution 401(k) Plans, non-profits, nonpublic companies, and financial institutions.

In addition, Andrew performed peer reviews from 2018-2022 and was a member of the Texas Peer Review Committee from 2020-2022.

Presented by: Andrew Merryman, CPA - Senior Manager, Audit & Accounting Technical Services — Public Accounting, AICPA & CIMA

Robert J. Durak CPA, CGMA - Director, Audit & Accounting Technical Services, AICPA

This session is packed with content and will cover the latest guidance in the A&A world that practitioners need to be aware of.
The topics we will cover are as follows:
1. ASU’s effective for 2025 calendar year entities
2. ASU’s on expense aggregation
3. Update on the recent PCC projects on CECL and contract assets
4. Accounting for intangible assets (including crypto)
5. New AICPA QM Standards
6. Hot topics in the audit world (SAS 145/SAS 149)
7. Common MFCs in peer review
8. Accounting and financial reporting implications of the federal funding freeze

Credits: 1.4 - Accounting

Credits: 0.4 - Auditing

This session is available to registrants only.

Breakout Session

- Agreed Upon Procedures and an Update on the AICPA Statements on Standards for Attestation Engagements (SSAEs)

Kenneth Heaslip, Managing Member, Kenn Heaslip Seminars, LLC

Kenneth Heaslip

Kenn is a top-rated instructor who has been leading dynamic, interactive and informative accounting programs for over 20 years.

He has extensive experience teaching all levels of accounting, auditing, ethics, fraud, SSARS, and other practice-related subjects, and has presented to groups at all levels, from students to seasoned professionals.

Kenn’s presentations focus on practical applications and include discussions among participants, examples, and case studies.

He consistently receives high ratings and evaluations in his presentations.

Presented by: Kenneth Heaslip, MS, MBA, CPA, CGMA - Managing Member/Group Discussion Leader at Kenn Heaslip Seminars, LLC

Agreed Upon Procedures are the most common engagement within the Attestation Standards.  SSAE 19 updated AT-C Section 215, Agreed-Upon Procedures Engagements, to help the standard to be more understandable and clear.  This session will review SSAE 19 as well as discuss which comfort letters fall within the standard.

Credits: 1.2 - Accounting

This session is available to registrants only.

- Charting the Audit Course: Mastering Risk Assessment

Maria Manasses, Partner, Deputy Chief Auditor, Grant Thornton LLP

Maria Manasses

Maria has over 30 years of experience in accounting and auditing and is primarily focused on standard-setting as well as supporting the establishment of policies and procedures to comply with auditing and attestation standards. She interfaces with both internal and external professionals on the development and implementation of new standards, as well as consults on various technical assurance-related matters across service lines. Maria is a key player in the development and launch of the firm’s proprietary audit methodology.

She joined Grant Thornton LLP after serving in private industry as a Director of Investor Accounting. Before that, Maria spent numberous years with Arthur Andersen LLP as an accountant in the firmwide controller’s group, an auditor in financial services, and a manager in the national professional standards group.

Kelly McCabe, Audit Manager, Grant Thornton LLP

Kelly McCabe

Kelly has almost 10 years of accounting and auditing experience in both the public and private sectors. She has experience with companies in a wide range of industries such as manufacturing, technology, and professional services, including those with internal control reporting requirements.

Since August 2023, Kelly has been on a two-year rotation in the Audit Methodology and Standards Group, supporting the audit practice with complex auditing topics. She assists in the development of firm audit methodology relating to new and existing auditing standards, and she assists with the firm communications to governing entities regarding emerging auditing topics. She serves on several assurance-related task forces and is a member of the Illinois CPA Society’s Audit and Assurance Volunteer Committee.

Presented by: Maria Manasses - Partner, Deputy Chief Auditor at Grant Thornton LLP and Principal at Grant Thornton Advisors LLC

Kelly McCabe, CPA - Audit Manager at Grant Thornton LLP

Join us for an overview of AICPA SAS No. 145, "Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement." This presentation is designed for auditors and accounting professionals aiming to enhance their comprehension and application of the standard.

Key topics covered include:
• Overview of SAS 145 and its objectives
• Understanding the entity's system of internal control
• The role of information technology in risk assessment
• Identifying and assessing risks of material misstatement

Credits: 1.2 - Auditing

This session is available to registrants only.

General Session

- Standards for Financial Statement Reviews, Compilations, and Preparation Engagements

Michael Westervelt, Principal - National Assurance, CLA (CliftonLarsonAllen LLP)

Michael Westervelt

Michael A. (Mike) Westervelt is a principal with CLA with over 30 years of experience and chair of the AICPA’s Accounting and Review Service Committee (ARSC). In addition, Mike is a past Chair of the AICPA’s PCPS Technical Issues Committee (“TIC”). Mike is a National Assurance Principal and Construction Industry Assurance Leader. Mike specializes in thought leadership, financial reporting, client service and accounting consulting for U.S. and international clients. He has managed relationships nationally and internationally for entities in the construction, manufacturing, hospitality, commercial service, and healthcare industries. Mike also volunteers as a mentor for American Corporate Partners (ACP). Mike graduated from Iona College with a Bachelor of Arts in Accounting. He is a Certified Public Accountant licensed by the states of North Carolina and New York. Mike lives in Charlotte, NC and enjoys spending time with his family, practicing Jiu Jitsu and an avid member of F3 who’s credo is “Leave no man behind, but no man where you find him.”

Presented by: Michael A. Westervelt, CPA - Principal - at CLA (CliftonLarsonAllen LLP)

Updates to the Statements on Standards for Accounting and Review Services (SSARS), focusing on changes to review, compilation, and preparation engagements.

Credits: 1.2 - Accounting

This session is available to registrants only.

General Session

- Getting the Cash Flow Statement Right

Scott Ehrlich, President, Mind the GAAP, LLC

Scott Ehrlich

Scott Ehrlich started Mind the GAAP in 2002 to develop the highest quality, best-in-class U.S. GAAP and IFRS training. Training and personal development has always been one of Scott’s passions. He is an expert at taking complex concepts and making them understandable to all. Having facilitated courses for more than 30 years, Scott is very comfortable instructing in large or small group settings. He also understands the benefits and constraints of e-Learning, and has worked with leading organizations to maximize the outcomes from this form of training.

Shortly after delivering one of Mind the GAAP’s first training sessions, Scott recognized that some companies were looking for a “sounding board” – someone with whom they could discuss technical accounting and regulatory questions before forming conclusions and presenting them to the auditors. This observation led to the development of Mind the GAAP’s consulting and advisory service offering. Scott thoroughly enjoys breaking down complex technical issues and trying to find solutions that are faithful to the underlying economics of a transaction, compliant with GAAP regulations, and operational. Recent topical areas that Scott has discussed with clients include lease accounting, share-based payment arrangements, revenue recognition and debt versus equity classification.

Beyond training and consulting, clients trust Scott to perform other important projects, including helping build national offices and accounting centers of excellence.

Prior to founding Mind the GAAP, Scott was a senior manager at Arthur Andersen, spending his final three years in the firm’s professional standards group. Scott graduated from Bucknell University as class valedictorian and was awarded the Gold Medal Award in the state of Connecticut for the highest score on the November 1993 CPA exam.

In his free time, Scott enjoys traveling and spending time with his wife, Deb, and their two children.

Presented by: Scott Ehrlich - President, Mind the GAAP, LLC

Recent analyses performed by the Securities and Exchange Commission and others have identified that many statements of cash flows are not prepared in accordance with Accounting Standards Codification Topic 230. This session will help participants identify common errors in preparing cash flow statements and the appropriate ways to correct these deficiencies.

Credits: 1.2 - Accounting

This session is available to registrants only.

Breakout Session

- AI, Agentive AI, and the Future of Audit: The Rise of Intelligent Workflows

Suma Chander, Partner, PKF O'Connor Davies, LLP

Suma Chander

Suma Chander has over 25 years of experience, with an expertise in driving high-level technology strategy for organizations of all sizes, including start-up initiatives.

Before joining the Firm, Suma held various “C-Suite” leadership roles and led technology and operations at two different hedge funds. She was responsible for building public and private partnerships, negotiating partnership agreements, fundraising, securing government grants and proposing technological solutions for infrastructure projects that help drive innovation and profitability.

Suma is also skilled in budgeting, product management, software development and revenue maximization. She is recognized for strong project management and team building proficiency.

Suma is very passionate about impact and advocacy initiatives and has worked with various social enterprises and philanthropic organizations that promote skill training and employment amongst disadvantaged populations.

Presented by: Suma Chander - Partner at PKF O’Connor Davies Advisory LLC

Key Topics & Talking Points
1. The AI Revolution in Accounting & Audit
• State of AI Today: Overview of how AI is disrupting industries, including finance and accounting.
• Generative AI & Large Language Models: What they can do now and their growing role in tax, audit, and advisory services.
• The Shift from Automation to Autonomy: How AI is moving beyond simple automation (RPA) to Agentive AI, which autonomously analyzes, makes decisions, and executes workflows.

2. Understanding Agentive AI & Its Role in Workflows
• What Is Agentive AI? 
   O Unlike RPA or traditional AI, Agentive AI can act with minimal human input.
   O Example: AI agents that proactively manage compliance, detect fraud, and even communicate findings to clients.
• Agentive AI vs. AGI (Artificial General Intelligence) 
   O We are still far from AGI (human-level intelligence), but agentic workflows are already transforming accounting.
   O AI can now take on multi-step processes—learning, reasoning, and adjusting based on feedback.

3. How AI Is Transforming the Accounting Workflow
• AI-Powered Audits: 
   O Continuous auditing with AI instead of periodic audits.
   O AI for fraud detection and anomaly detection in real-time.
   O AI-enhanced risk assessment—shifting from sample-based audits to full-population analysis.
• AI in Tax & Compliance: 
   O AI agents scanning regulations and preemptively alerting firms on potential compliance risks.
   O Automated preparation of tax returns with AI-generated insights.
• AI in Advisory & Decision Support: 
   O AI agents analyzing financial data and autonomously preparing reports, insights, and forecasts.
   O Client advisory services being AI-augmented, not just AI-assisted.

4. The Competitive Landscape: Who Is Leading AI in Accounting?
• Big Four AI Strategies: Deloitte, PwC, EY, and KPMG are investing billions in AI-driven accounting tools.
• AI-First Accounting Startups: Companies like Vic.ai, Botkeeper, and MindBridge AI are pioneering AI-based bookkeeping and audits.
• How Small & Mid-Sized Firms Can Compete: Leveraging AI workflows without massive IT budgets.

5. What CPAs & Auditors Need to Do to Stay Relevant
• AI Won’t Replace CPAs—CPAs Who Use AI Will Replace Those Who Don’t.
• Develop AI Fluency: CPAs must understand how to leverage AI tools in daily work.
• Shift to an AI-Augmented Role: 
   O Less manual reconciliation, more advisory, interpretation, and risk consulting.
   O Example: AI flags financial risks, but CPAs provide the strategic context.

6. Future of AI in Accounting: What’s Next?
• Hyper-Personalized AI for Every CPA: AI agents that learn individual accounting styles and automate tasks uniquely.
• Voice-Powered Accounting Assistants: AI that responds in real-time to verbal commands and financial queries.
• AI in M&A, Forensic Accounting, and ESG Reporting: Expanding AI’s role in strategic finance & sustainability compliance.

Credits: 0.6 - Accounting

Credits: 0.6 - Auditing

This session is available to registrants only.

- Revenue Recognition: Post Implementation Project

Kenneth Heaslip, Managing Member, Kenn Heaslip Seminars, LLC

Kenneth Heaslip

Kenn is a top-rated instructor who has been leading dynamic, interactive and informative accounting programs for over 20 years.

He has extensive experience teaching all levels of accounting, auditing, ethics, fraud, SSARS, and other practice-related subjects, and has presented to groups at all levels, from students to seasoned professionals.

Kenn’s presentations focus on practical applications and include discussions among participants, examples, and case studies.

He consistently receives high ratings and evaluations in his presentations.

Presented by: Kenneth Heaslip, MS, MBA, CPA, CGMA - Managing Member/Group Discussion Leader at Kenn Heaslip Seminars, LLC

The new revenue recognition standard has been implemented by all entities.  The implementation process was long, detailed, controversial, and full of uncertainty.  In many cases, issues raised were not anticipated and met with disagreement.  
This course will address many issues that were raised and will discuss areas that were identified as requiring detailed analysis.

Credits: 1.2 - Accounting

This session is available to registrants only.

General Session

- The 2024 ACFE Report to the Nations on Fraud

Kenneth Heaslip, Managing Member, Kenn Heaslip Seminars, LLC

Kenneth Heaslip

Kenn is a top-rated instructor who has been leading dynamic, interactive and informative accounting programs for over 20 years.

He has extensive experience teaching all levels of accounting, auditing, ethics, fraud, SSARS, and other practice-related subjects, and has presented to groups at all levels, from students to seasoned professionals.

Kenn’s presentations focus on practical applications and include discussions among participants, examples, and case studies.

He consistently receives high ratings and evaluations in his presentations.

Presented by: Kenneth Heaslip, MS, MBA, CPA, CGMA - Managing Member/Group Discussion Leader at Kenn Heaslip Seminars, LLC

Every two years, the Association of Certified Fraud Examiners (ACFE), issues their Report to the Nations, a comprehensive study of business fraud.  This session will highlight the 2024 findings, including:
• Common perpetrators of fraud
• How fraud is being executed
• Red flags for auditors and financial statement preparers
• The cost of fraud
• Who is targeted in fraud schemes

Credits: 1.4 - Auditing

This session is available to registrants only.

Non-Member Price $404.00

Member Price $279.00