Construction Industry


Save the Date:
Oct. 18, 2022
Penn State Great Valley, Malvern or Webcast

This conference provides updates on accounting practices as well as management techniques that maximize profit and minimize financial risks in the construction industry. It is tailored for CPAs serving the construction industry; individuals responsible for the financial operations of construction companies; construction company credit analysts; and construction company owners and contractors.

Thanks to our 2021 sponsors

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A Look Back at the 2021 Agenda

Featured Speaker


Anirban Basu
Chairman and CEO | Sage Policy Group Inc.

Anirban Basu, chairman and chief executive officer of Sage Policy Group (SPG), is one of the mid-Atlantic region's leading economic consultants. He has twice been recognized as one of Maryland’s 50 most influential people. He has also been named one of the Baltimore region’s 20 most powerful business leaders.

Basu has written several high-profile economic development strategies on behalf of government agencies and nonprofit organizations, including co-authoring economic development strategies for Baltimore City and Baltimore County, Maryland. Basu also serves as the chief economist to the Associated Builders and Contractors (national) and as chief economic adviser to the Construction Financial Management Association.

Listen to Basu’s podcast, The Morning Economic Report.

7:45 a.m. 

Greetings from PICPA leadership

8:00 a.m. 

Anirban Basu and the Chamber of Data 2-Other

  • Economic data and analysis juxtaposing the prepandemic and pandemic world
  • A forecast for the post-pandemic world, focusing on labor markets, financial markets, real estate, construction, consumer spending, business investment, international trade, and government finances

Anirban Basu
Chairman and CEO
Sage Policy Group Inc.

9:40 a.m.
Take a Break

9:55 a.m.

Lease Accounting Update 1-A&A

  • Identify the key elements and general step-by-step process for implementing the new lease standard ASC 842
  • Recognize leading practices and practical implementation tips based on “lessons learned” from other entities’ implementations
  • Apply real-world example scenarios to assist in your assessment of what constitutes a lease

Westervelt, Michael

Michael A. Westervelt, CPA
Principal – National Assurance, Construction

10:45 a.m.

Banking and Bonding 1-A&A

  • Clarifying contract balance sheet asset and liability confusion about new standards
  • Methods for contract liability and shortcomings from the industry

Mike Bronder, CPA, CFF
Bronder & Company PC


Managing Director
Alliant Construction Services Group

11:35 a.m.
Lunch Break

12:25 p.m.

Best Practices in Cybersecurity 1-Other

  • Detecting and avoiding online and email scams and threats
  • Best practices when working remote and in the office
  • Best practices in our personal lives, such as password practices and social media use
  • Understanding the business and personal threats and threat actors so that we can avoid them by thinking like them
McCreary, Mark (resized)

Mark McCreary
Fox Rothschild LLP

1:15 p.m.

Federal Tax Implications Moving Beyond COVID-19 1-Tax

  • Overview of recent tax legislation
  • Best practices in tax planning for contractors for 2021
  • Discuss impact of pending tax legislation will have on year-end tax planning
  • Trends in the construction industry

Carlo R. Ferri, CPA

Carlo Ferri, CPA
Director, Tax Strategies
Kreischer Miller

2:05 p.m. 
Take a Break

2:20 p.m.

PPP and ERC – What Contractors Need to Know1-A&A

  • Overview of the Paycheck Protection Program
  • Requirements for loan forgiveness
  • SBA and regulatory oversight: what to expect and how to prepare
Brian Kassalen, CPA, CFF

Brian Kassalen, CPA, CFF
Arnett Carbis Toothman LLP

3:10 p.m.

The Future Is Built: Transform Your Quality, Safety, Schedule, and Profits with Construction Technology 1-Other

  • Learn the history and present of construction technologies
  • Review the technology available to enhance and simplify workflows from the office to the job site
  • Discuss how industry leaders are planning and budgeting for construction technology and adoption
Benham, James (resized)

James Benham

4:00 p.m.

See you next year!


CPE Credits: 3-A&A; 1-Tax, 4-Other

CLE Credits: This conference has been submitted for 6.5-Substantive CLE credits. Attorneys requesting CLE credits must include an additional $50.

Level: Update
Prerequisite: None


PICPA Member $345
Nonmember $445
ClassPass 8 hours
CLE Credits Fee $50

Is more than one person from your firm attending? Save 10%. Call (215) 496-9272 to register multiple people.

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Use your ClassPass, ClassPass Mini, or Flex Account to register. Find more information about PICPA discounts.

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