2021 Conference Webcast

PICPA Member: $579
Nonmember: $679

Dec. 9 - 10
CPE Credits: 16-A&A


This conference provides updates from the FASB; the AICPA on auditing standards and accounting and review services; and practitioners on emerging trends and technologies, internal controls, and more. It is tailored to practitioners who perform audit, attest, and assurance services and corporate accountants. 

Single-Day Registration Options

Thursday Only | Friday Only

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Featured Speaker


Susan M. Cosper, CPA
FASB Board Member

Susan M. Cosper will provide a brief update on FASB projects and priorities, including post-implementation review standards from her perspective as a board member. Cosper previously served as the FASB technical director and chair of the Emerging Issues Task Force (EITF). Prior to joining the FASB, Cosper served as a partner with PricewaterhouseCoopers LLP, most recently based in PwC’s Financial Instruments, Structured Products, and Real Estate Group in New York City.

2021 Agenda

Thursday, Dec. 9, 2021  

7:45 a.m. 

Welcome and Opening Remarks

8:00 a.m.

Emerging A&A Trends and Hot Topics

  • Review of FASB priorities, including post-implementation review standards
  • Economic update
  • Emerging technology applications in finance and fraud detection technologies in ecommerce
  • A look at the future of audit and audit quality
Susan Cosper

Susan M. Cosper, CPA
FASB Board Member 

Kurt Rankin

Kurt Rankin
Vice President and Economist
The PNC Financial Services Group

Allison Henry, CPA, CGMA

Allison M. Henry, CPA, CGMA
Vice President, Professional and Technical Standards

Bruce E. Lane

Bruce Lane
Dynamics 365 Finance & Operations\Commerce Technical Specialist
Microsoft Corporation US Retail and Consumer Packaged Goods Team

9:40 a.m.

9:55 a.m.

FASB Update

  • Broad FASB priorities
  • Recently issued guidance, including:
    • Update 2021-02: Revenue – franchisor practical expedient
    • Update 2021-03: Accounting alternative for evaluating goodwill impairment triggering events
    • Update 2021-04: Issuer’s accounting for certain modifications or exchanges of freestanding equity-classified written call options
  • Current agenda projects, including:
    • Identifiable intangible assets and subsequent accounting for goodwill
    • Segment reporting
    • Recognition and measurement of revenue contracts with customers under business combinations
  • Upcoming effective dates
Starkey, James

James Starkey, CPA
Supervising Project Manager

11:35 a.m.
Lunch Break

12:25 p.m.


  • SASs 134-141, which are effective Dec. 15, 2021, and changes to the auditor’s report
  • Other recently issued SASs: Audit Evidence, Accounting Estimates, and Risk Assessment
  • ASB’s quality management project
  • Other projects in the pipeline, including group audits

Ahava Goldman, CPA, CGMA
Associate Director - Audit and Attest Standards

1:15 p.m.

Fraud: Financial Statement Misrepresentation and GAAP Violations

  • Overview of government enforcement landscape
  • Key takeaways from government enforcement agendas
  • Fraud implications of recent accounting pronouncements
  • Case study of recent accounting fraud enforcement

Andrew Southerling
McGuireWoods LLP

Jeffrey Buchakjian

Jeff Buchakjian, CPA, CFF
Managing Director – Disputes, Compliance, and Investigations

Steve Hills

Steve Hills
Managing Director – Accounting & Reporting Advisory

2:05 p.m.

2:20 p.m.

The Future of Accounting, Audit, and Attest Services – Use of Innovative Technologies

  • Overview of artificial intelligence and applications in accounting
  • Applications of robotic process automation (RPA) in accounting, audit, and tax
  • Applications of text mining in accounting
  • AI-powered drones for inventory management and risk assessment
  • Virtual reality/augmented reality in accounting and auditing
Ng, Cory

Cory Ng, CPA
Associate Professor of Instruction
Temple University Fox School of Business Management

4:00 p.m

See you tomorrow

Friday, Dec. 10, 2021

7:45 a.m.
8:00 a.m.

Welcome and Opening Remarks


Update on Standards for Reviews, Compilations, Financial Statement Preparation, and Agreed-Upon Procedures Engagements

  • Revisions to the standards for review, compilation, and financial statement preparation engagements resulting from the issuance of SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions
  • Select performance requirements and best practices for reviews, compilations, and financial statement preparation engagements
  • The new standard for agreed-upon procedures engagements


Mike  Glynn, CPA, CGMA

Mike Glynn, CPA, CGMA
Senior Manager – Audit and Attest Standards

8:50 a.m.

ASC 842 Leases: Implementation Challenges

  • Transition considerations when moving from ASC 840 to ASC 842
  • Practical expedient options
  • IBR considerations and calculations
Krug, Jaime

Jaime Krug, CPA
Centri Business Consulting LLC

Curtis Farrow

Curtis Farrow, CPA
Centri Business Consulting LLC

Owens, Dan

Dan Owens, CPA
Senior Director
Centri Business Consulting LLC

9:40 a.m.

9:55 a.m.

Internal Controls and SOC Audits

  • Who needs a SOC report and why they are important
  • The differences between SOC 1, SOC 2, SOC 2+, and SOC 3
  • The differences between a type 1 and type 2 report
  • What users of a SOC report need to look for
  • The value of SOC reports when assessing a cybersecurity profile
Eric Wright

Eric Wright, CPA
Schneider Downs

10:45 a.m.

Enhancing Audit Quality

  • Progress of the AICPA’s Enhancing Audit Quality Initiative
  • AICPA enhanced oversight findings and frequent practice issues
  • Key areas of focus - practical resources and examples
Allison Henry, CPA, CGMA

Allison M. Henry, CPA, CGMA
Vice President, Professional and Technical Standards

11:35 a.m.
Lunch Break

12:25 p.m.

IT Risks and Impact on Audit

  • Types of IT risks, assessment of a company’s IT environment, and how the risks/environment can affect a company’s controls and data integrity
  • Real-time perspective on the impact technology is having on traditional operational and financial reporting matters
  • Evolving best practices to stay ahead of the ever-changing IT environment

Barry M. Pelagatti, CPA
Partner and Leader, Financial Services Industry Group


Michael McAllister, CPA, CITP, CISA
Practice Leader - IS Assurance and Advisor Services
Audit Services Group

1:15 p.m.

Data Analytics and Governance

  • Deploying Alteryx to automate or accelerate specific auditing and accounting tasks, such as computing certain calculations or trends and creating digital outputs
  • A step-by-step overview of Alteryx capabilities (data import, cleaning, analysis, and visualization) in the context of auditing and accounting
  • How to manage internal controls in the data-analytics environment (Alteryx/Tableau)
  • The deployment of the self-service analytics builds using the COSO ERM method of risk assessment, risk monitoring and reporting, and strategic risk response capability cultivation
Gregory Kogan

Gregory Kogan, CPA
Professor of Practice – Accounting
Long Island University

2:05 p.m.

2:20 p.m.

Financial Statement Presentation and Disclosure Best Practices

  • New auditing requirement for disclosures and the potential impact on disclosures
  • Impact of new accounting pronouncements on disclosures
  • Common peer review findings regarding disclosures
  • Continuing disclosure challenges regarding impairment, VIEs, and going concern
Victor, George

George I. Victor, CPA, CGMA
Giambalvo Stalzer & Company CPAs PC

Singer, Grace

Grace Singer, CPA
Partner-in-Charge of the Quality Control Department
Berdon LLP

4:00 p.m.

See you next year!

“The materials and information presented are timely and totally relevant. Being aware of these various topics when performing audits and consulting with clients is extremely useful.”

Richard Huber, CPA | Huber & Associates


Full Conference
Thursday Only
Friday Only
PICPA Member
16 hours
8 hours
8 hours
CLE Credit

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CPE Credits: 16-A&A
Concurrent session credits are noted in descriptions.

Level: Update
Prerequisite: None

CLE Credits: This conference has been submitted for 13-Substantive CLE credits. Attorneys requesting CLE credits must include an additional $100.