PICPA Ethics Update for Pennsylvania CPAs and A&A Hot Topics

Dec 20
8:00 a.m. - 4:00 p.m.

Regional Learning Alliance
Cranberry - Map

4-A&A; 4-Ethics
CPE Credits

Hear an update on financial reporting risks for large, small, and medium size companies. Understand how corporate balance sheets have been damaged by disruption and how to rebuild them. Master the challenges of implementing impairment accounting. Get an overview of ongoing difficulties in getting leases on the balance sheet. Understand how trends in technology and the global economy are reshaping business now in the coming decade. Understand the ethical responsibilities of CPAs in industry and public accounting under AICPA and state authorities. Use case studies and group discussion to examine the connections between ethics principles, formal rules, and the profession’s public responsibility. Discuss how the new ethics codification and conceptual framework for resolving ethical conflicts will alter current practice. Receive up-to-the-minute coverage of evolving issues, such as pressure in corporate reporting and conflicts of interest.
Highlights

Business outlook and risks: Staying on course in a turbulent economic environment
Impairment accounting: Fixed assets, intangibles, goodwill, and inventory write downs
Leases: What remains to be done
Cybersecurity and privacy: Accounting, regulatory, and compliance responsibilities
Data and the CPA’s changing responsibilities
Global business risks: Strategic and reporting consequences
Honesty and trust in the accounting profession
The structure of the ethics rules and the enforcement and disciplinary process
The public interest and professional ethics: When and why conflicts exist
Individual, group, and corporate perspectives on morality and integrity
The threats and safeguards approach to resolving ethical dilemmas
Using AICPA’s restructured Ethics Code
Recent ethics rules and enforcement actions
Pennsylvania state-specific requirements and cases

Registration

PICPA Member: $285
Nonmember: $385

More Information

Course No. 782201 Level: Update

Prerequisites: None

Speaker(s)

Ray Thompson

Assoc Professor Accounting & Finance

Dr. Ray Thompson, CMA, CFM, CBA

Dr. Ray Thompson is Emeritus Associate Professor of Accounting & Finance at the University of Pittsburgh. He served as department head at the UPJ campus for over 25 years. He was also Associate Director of UPJ’s Entrepreneurial Development Assistance Project, where he was involved in financial consulting and assisting in preparing loan proposals for small business start-ups.

He has taught in graduate and undergraduate business programs in Europe, Africa and the US. He received his B.S. and M.S. degrees in Economics and Systems Dynamics from the University of Bradford in the United Kingdom, his M.B.A. in Accounting from Xavier University of Ohio, and his Doctor of Business Administration from Nova University. Ray is also certified in Financial Management and is a Certified Management Accountant and Certified Business Appraiser. He recently became certified in International Financial Reporting Standards though the Institute of Chartered Accountants in England and Wales.

Ray is a professional educator and writer. He authors and conducts professional development seminars for Fortune 500 and international corporations, multinational financial institutions, State CPA Societies, and CPA firms throughout the US. In addition to these live seminars, he also produces both recorded and written courses for self study. He also provides business valuation services and consults with accounting firms and sole practitioners on a range of accounting issues in the area of valuation. Ray was part of the George & Ray team which offered Accounting & Auditing courses for over 20 years.

Ray is a member of the Institute of Management Accountants and the Institute of Business Appraisers. He is also a faculty associate member of AICPA and PICPA, and is a member of the Financial Reporting Faculty of ICAEW. He lives in Bedford County, PA, and can be reached at (814) 839-0143 by phone or at drrayt@verizon.net.