- The cannabis industry continues to flourish presenting both opportunity and challenge to today’s CPA.
- Everyone is inundating themselves with data but do you have a strategy to go with your analytics, and, is it an effective one?
- The ongoing pandemic has increased focus on an entity’s ability to continue- we dig into the concern about going concern.
Presented in partnership with the Wayne State University Department of Accounting
As a tax professional, you have enough on your plate (and filling your
work week) without having to keep track of updates outside the realm of tax. Which
is why we’ve aggregated them in one place just for you.
PRICING
DETAILS
Register early to take advantage
of the best price! Please note, discounted pricing is already reflected in the
online price. No promo code is needed.
Through May 31: $210 MICPA Members/
$360 Non-Members
June 1 - June 14: $230 MICPA Members/ $380
Non-Members
June 15 - June 28: $250 MICPA Members/ $400
Non-Members
Tax professionals seeking the latest accounting & auditing updates.
After registering for this event, you can customize your sessions via 'My Registrations'
Keynote Presentation: Understanding Proposed Federal Tax Law Changes and How to Account for Them 1.0 AA Details
Understanding tax law changes can be pretty challenging. Accounting for them even more so.
With the recent release of the FY 2023 Biden administration proposed budget and the U.S. Treasury’s related Green Book, which discusses the revenue producing proposals of the budget, we now have a feel of where federal tax legislation may be going. Now we can assess the financial reporting implications of these initiatives.
In this section, we’ll review the details of the major drivers of increased federal corporate tax revenues found in the FY 2023 budget proposal, such as the increase in the Federal C Corporation tax rate to 28%. We’ll also explain the budget’s international tax implications and how these proposals dovetail with current OECD initiatives involving foreign-derived earnings. Lastly we’ll explore the impact of these changes in tax laws and rates should be accounted for under ASC 740, Accounting for Income Taxes.
Richard Daisley, CPA - Vice President - Accounting & Auditing Content, Surgent CPE, Radnor, PA
09:30 AM - 10:20 AM
Asset Tracing: Finding the Truth Behind the
Numbers
What happens when a fiduciary uses entrusted funds for their
own benefit? How do you reconstruct financial records from limited information?
What information will assist in a legal case against a fiduciary? This case
study will teach you methods to trace assets and reconstruct financial records.
Even if you aren’t a forensic accountant, you are in a position to catch red
flags you tax and audit clients may miss, and you could mitigate their
losses.
Brandi Steinberg, CPA, CFE – Forensic Manager,
IAG Forensics & Valuation, Marietta, GA
Internal Controls: Keys to Avoiding the
Worst-Case Scenario
Assertions made by financial statements must be
verifiable in order to safeguard a company’s assets. When internal controls are
inadequate, however, the risk of fraud and financial misstatement grows. Avoid
the worst-case scenarios by using financial analysis to spot heightened areas of
risk and determine which tools can be used to keep financial statements
accurate.
Neely Duncan, CPA, CFE FCPA – Partner, BKD,
LLP, Dallas, TX
10:30 AM - 11:20 AM
In Retrospect: Revenue Recognition
The
time has come for a retrospective glance at the recently implemented Revenue
Recognition Standard for private companies regarding treatment of revenue from
contracts with customers. Learn from the most common mistakes made while
implementing these new standards and what to watch out for moving
forward.
Tricia Katebini, CPA, MBA – Partner, Audit, GRF
CPAs and Advisors, Bethesda, MD
Going concern has emerged in recent years, particularly amid the COVID-19 pandemic, as a focal point of increased consideration. When conditions or events raise substantial doubt, effectively addressing these issues is of noticeable importance. Gain insight into the techniques and thought processes necessary to appropriately address going concern.
Steven Morrison, CPA, CFF – Partner, CohnReznick, New York, NY
11:30 AM - 12:20 PM
The existing Statement of Auditing Standards (SAS) No. 142, Audit Evidence recently received an update which explains what constitutes audit evidence and outlines attributes to be considered by an auditor when evaluating information for use as evidence. Find out what these updates mean, and how they will impact auditing processes moving forward, including guidance, tools, techniques, professional skepticism and your practice.
Louis W. Petro, CPA, CGMA, CFE, CMA, PhD – Senior Manager, Cendrowski Corporate Advisors, LLC, Bloomfield Hills
Analyze This! No Really, Can You Actually Analyze
This Data?
Data analytics are increasingly important to supporting a
company’s top initiatives and providing important insight into risks,
profitability and other critical issues. However, without a clear strategy for
use you could wind up with just as many problems as before. Dive into data
analytics and how to effectively disseminate their meaning to reduce
inefficiencies, make intelligent decisions quickly, deliver measurable value to
your organization’s bottom line and more.
Gregory H. Soule, CPA,
CFE – Partner, AHP, Bloomfield Hills
Keynote Presentation: On the Nature of Independence… 1.0 ET Details
On the Nature of Independence…
As many firms are now taking on advisory services, it is important
to remember the various independence rules set forth by the AICPA, SEC and
PCAOB. For example, accountants that provide attestation or assurance services
may confront a conflict of interest if also providing investment advisory
services. Let’s refresh on the rules and regulations that govern independence
and learn to recognize the types of relationships and financial interests that
can pose a threat to it.
Toni T. Lee-Andrews, CPA, PFS,
CGMA – Director, Professional Ethics, AICPA, Durham,
NC
02:10 PM - 03:00 PM
Public companies are feeling the pressure to take stances on environmental, social and governance issues (ESG), as shareholders, public opinion, clients and customers continue to assert greater expectations. However, figuring out how to effectively navigate ESG initiatives that drive value creation can be tricky. Explore the many facets of ESG accounting, including how to identify stakeholders, develop metrics, understand reporting frameworks, develop internal reporting, and more.
Mary Adams – Founder, Smarter Companies, Boston, MA
Marcy Twete – Founder & CEO, Marcy Twete Consulting, Minneapolis, MN
Remote Controls: Adjusting for the Hybrid
Workplace
The hybrid work environment is here to stay, but are
internal controls keeping pace with the rapidly changing business world? Find
out how to adjust to a remote environment, from assessing audits to testing
internal controls, all from the remote office perspective.
Steven J.
Guarini, CPA – Partner, Cohen & Company,
Detroit
03:10 PM - 04:00 PM
Accounting for the Employee Retention Credit (ERC) continues to be a relevant item of consideration for businesses and their financial advisors. Understand the many facets of the accounting for the ERC, including application of professional guidance, timing of recognition, posting debits and credit and reporting.
Robert W. Cheyne, CPA – Advisory Senior Associate, Clayton & McKervey PC, Southfield
Jacob Mouradian, CPA – Manager, Advisory & Assurance, Clayton & McKervey PC, Southfield
The past two years have proven eventful for tax professionals, with an abundance of tax law introductions, revisions and postponements (hopefully) in the rearview. Encroaching halfway to the next tax season already, let’s review and refresh on recent/ interim provisions, tax implications of corporate or debt restructuring and more.
John P. Bennecke, EA – Midwest Managing Director, True Partners Consulting LLC, Chicago, IL
04:10 PM - 05:00 PM
Accounting for ESG? There’s Not a GAAP for
That…
Public companies are feeling the pressure to take stances on
environmental, social and governance issues (ESG), as shareholders, public
opinion, clients and customers continue to assert greater expectations. However,
figuring out how to effectively navigate ESG initiatives that drive value
creation can be tricky. Explore the many facets of ESG accounting, including how
to identify stakeholders, develop metrics, understand reporting frameworks,
develop internal reporting, and more.
Mary Adams –
Founder, Smarter Companies, Boston, MA
Marcy Twete
– Founder & CEO, Marcy Twete Consulting, Minneapolis, MN
Source
Cannabis Attestation in
Michigan
Cannabis is a growing industry across the country, but each
state has its own requirements for companies seeking new licensure or
relicensure. Join our speaker for a review of cannabis attestation rules in
Michigan, changes to state law impacting this area, and how to avoid the most
common errors in applications and attestation.
Kaleb M. Grapp,
CPA – Founding Partner, Grapp Lerash,
Saginaw
Member
Non-Member