Accounting & Auditing

2021 conference

PICPA Member: $549
Nonmember: $649

Dec. 9 - Dec. 10
Malvern or Webcast

CPE Credits:


Explore emerging A&A trends and hot topics at the PICPA's annual Accounting & Auditing Conference.

2021 Conference Agenda Coming Soon!

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Thursday Only | Friday Only

Thursday Only | Friday Only

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A Look Back at the 2020 Agenda

Thursday, Dec. 10

7:45 a.m.
Welcome and Opening Remarks
8:00 a.m.
Emerging A&A Trends and Hot Topics
  • Overview of post implementation review standards
  • Transforming the CPA licensure model to recognize rapidly changing skills
  • Core plus discipline licensing model
  • How to future-proof the CPA license to encompass both technical and technology competencies
  • Global business investment, the post-pandemic economic recovery, and the impact on financial statement audit periods
  • Trends that impact auditing in the future
  • Audit quality challenges and key audit issues resulting from COVID-19
Jones, Richard
Richard R. Jones, CPA
Financial Accounting Standards Board
Michael D. Colgan, CAE
CEO & Executive Director

Rankin, Kurt
Kurt J. Rankin
Vice President and Economist
The PNC Financial Services Group
Allison Henry
Allison M. Henry, CPA, CGMA
Vice President, Professional & Technical Standards
9:40 a.m.
9:55 a.m.
FASB Update
  • Impact of COVID-19 on FASB agenda
  • Leases implementation
  • New accounting standards
  • Update on current projects
Adriana Yepes
Adriana Yepes
Supervising Project Manager
Financial Accounting Standards Board
11:35 a.m.
12:25 p.m.

This session will feature a discussion of the current status of the ASB's projects to:

  • Revise and expand the auditor's report
  • Revise the attestation standards to enable a practitioner to perform an examination, review, or agreed-upon procedures engagement without having to request an assertion from the responsible party
  • Revise the audit evidence standard
  • Revise the standard on auditing management estimates and use of management specialists
  • Make narrow revisions to auditor communications regarding NOCLAR; and convergence efforts on auditor risk assessment, quality control and group audits
Goldman, Ahava
Ahava Goldman
Associate Director - Audit & Attest Standards
1:15 p.m.
Fraud in Our New Normal
  • Work-from-home conditions driving new whistleblower activity
  • Fraud in the audit: working remotely
  • Impact of COVID-19 on supply chains
  • Export controls
Giliberti, Felicia
Felicia Giliberti
Director, Forensic Advisory Services Practice
Badzura, Julie
Julie Badzura
Senior Manager, Trade & Customs Practice
2:05 p.m.
2:20 p.m.
Emerging Technologies and Practical Applications

Microsoft Excel AI

  • Ideas
  • Data types
  • Insert data from a picture
  • Dynamic arrays
  • Natural language queries
  • Using Excel to identify anomalies in data (Benford's Law)

Remote technology

  • Inventory observation (HoloLens)
  • Collaborative tools (Teams)

Other AI applications

  • Fraud protection
  • Predictive analytics (late payments in accounts receivable)
Lane, Bruce
Bruce Lane
Dynamics 365 Finance & Operations\Commerce Technical Specialist
Microsoft Corporation US Team
Kes, Rick
Rick Kes
Partner, Health Care Senior Analyst 
4:00 p.m.
See you tomorrow!

Friday, Dec. 11

8:00 a.m.
ARSC Update from AICPA
  • New requirements for reviews, compilations, and financial statement preparation engagements as a result of the issuance of SSARS 25, Materiality in a Review of Financial Statements and Adverse Conclusions
  • Performance requirements for reviews, compilations and financial statement preparation engagements
  • Current agenda of the AICPA’s Accounting and Review Services Committee
Mike  Glynn, CPA, CGMA
Mike Glynn, CPA, CGMA
Senior Manager – Audit & Attest Standards — Public Accounting
8:50 a.m.
Challenges with Remote Auditing and Audit Quality
  • Challenging audit issues resulting from COVID-19
  • Achieving a high-quality audit in a remote working environment
Stranix, Anthony
Anthony Stranix, CPA
Mazars USA LLP
9:40 a.m.
9:55 a.m.
Complex Financial Statement Presentation & Disclosure Issues
    • Going concern
    • Subsequent events
    • Impact on the auditors’ report
Allison Henry
Allison M. Henry, CPA, CGMA
Vice President, Professional & Technical Standards
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
11:35 a.m.
12:25 p.m.
Hands-On Risk Assessment
  • Risk assessment is one of the most critical pieces of the audit and yet enhanced oversight findings of the AICPA.
  • Peer Review Board indicates that over 47% of audits are nonconforming due to lack of compliance with the risk assessment standards. This session will drill down into the risk assessment requirements and provide clarity on the aspects of risk assessment that are frequently missed.
Allison Henry
Allison M. Henry, CPA, CGMA
Vice President, Professional & Technical Standards
Gigliotti, Stephanie
Stephanie Gigliotti, CPA
Prager Metis CPAs
1:15 p.m.
Addressing Impairment Challenges
  • COVID Implications
    - Enhanced disclosures and disclosure consideration
    - Impairment trends, developments, and changes

  • Discussion of Triggering Events
    - COVID vs. others
    - How to assess and disclose

  • Impairment Testing
    - Fair value considerations
    - Differences in the test for ASC 360 and ASC 250
Krug, Jaime
Jaime Krug, CPA
Centri Business Consulting LLC
Owens, Dan
Dan Owens, CPA
Senior Director
Centri Business Consulting LLC

Curtis Farrow, CPA, ASA
Senior Manager
Centri Business Consulting LLC
2:05 p.m.
2:20 p.m.
Impact of COVID-19 on Internal Controls and Audits
  • Going digital: risk factors and best practices
  • Evaluating general computer controls: issues to look for
  • Evaluating the SOC report: specific concerns due to COVID-19
  • Audit best practices in evaluating internal controls
Michael McAllister, CPA, CITP, CISA
Practice Leader - IS Assurance & Advisor Services
Audit Services Group
Barry M. Pelagatti, CPA
Partner and Leader, Financial Services Industry Group
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