In-House CPE Planner - Checkpoint Learning

Transcription

CHECKPOINT LEARNING®
2015
In-House CPE Planner
On-Site Customized Seminars
and Other In-House Training Solutions
CHECKPOINT LEARNING® 2015 IN-HOUSE CPE
PLANNER
On-Site Customized Seminars
and Other In-House Training Solutions
Copyright © 2015 Thomson Reuters All Rights Reserved
PRINTED IN THE UNITED STATES OF AMERICA
Dear CPE Decision Maker,
At Thomson Reuters, we are dedicated to developing new and relevant in-house training
solutions that offer practical guidance on issues important to professionals. We are also
committed to providing cost efficient training options that meet the needs of our valued
customers. In keeping with this philosophy, I would like to highlight several key products
described in the 2015 In-House Planner.
AuditWatch University
AuditWatch University is an integrated development curriculum designed toward promoting the
professional growth of your auditing staff. Since 2002, AuditWatch University has helped
thousands of audit professionals, and their auditing firms, achieve new levels of client service
and satisfaction. All of our instructors are “hands-on” experts who teach practical, relevant and
innovative material in an engaging and easy-to-follow manner. Starting with Basic Staff
Training and culminating with senior management level courses, AuditWatch University offers
seven progressive levels of training.
TaxWatch University
TaxWatch University promotes the professional growth of your tax staff. The progressive
levels of training begin with an entry-level program that focuses on individual tax returns, and
conclude with an advanced program that focuses on complex tax issues and management skills
training. This integrated tax curriculum is based on the widely respected instructional design
model you have experienced with AuditWatch University.
Yellow Book University
This four day university program includes one day focusing on Auditing Nonprofit
Organizations and Governmental Entities, a second day covering Performing Efficient and
Effective Single Audits, a third day focusing on government and nonprofit accounting and
auditing updates and the final day which takes a look at advanced issues in government and
nonprofit entities. With this four-day series, you can choose to schedule all four days or just the
sessions that are most important to you.
PPC’s Federal Tax Update
Learn how the laws impact employers and individual taxpayers in this year’s edition of the most
highly attended tax update in the country! Get practical insights and comprehensive coverage on
the latest developments affecting individuals, partnerships, C corporations, S corporations,
estates, and trusts.
AuditWatch Accounting and Auditing Update
A customizable accounting and auditing update where we work with your firm to select and
cover the areas of focus YOU choose.
Web-Based New Hire Training
AuditWatch University now includes a series of AuditWatch University Level 1 modules
designed for new auditors and delivered on WebEx, a web-based, interactive learning platform.
Materials Only Options
Our seminars can be tailored to your needs. Simply choose an existing course or customize your
own seminar from two-and four-hour modules covering a variety of topics. Or choose
Checkpoint Learning® In-House Seminars Materials Only Options. We provide the instructor
manual, PowerPoint package and participant manuals, you provide the instructor.
Webinars Presented Exclusively to Your Firm
As you plan your professional development program for 2015, take a look at the attached
webinar title list. It includes over 250 webinar topics such as
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Customizable Accounting and Auditing Updates (we work with your firm to select and
cover the areas of focus YOU choose)
Quarterly SEC/PCAOB Updates
Over 35 Yellow Book webinars including a new case study series
Close to 100 tax topics including everything from complex partnership issues to the
latest implementation advice on Healthcare Reform
Audit Efficiency Programs and guidance from the efficiency experts at AuditWatch
Soft Skill and Leadership topics
Tax Updates
Our webinars can be delivered on the platform of your choice. Be it WebEx, LearnLive or
another platform, our instructors and moderators offer you world class content, subject matter
expertise and a professional webinar experience. Programs are delivered privately to your firm
and are fully customizable.
Current, relevant course content from the industry's leading publisher; affordable, customized,
onsite training; highly rated instructors; flexible formats; it's all part of the Thomson Reuters InHouse training solution. Please call me at (800) 387-1120 to discuss your training needs. I
welcome the opportunity to talk to you about a training solution that's right for your firm.
Best regards,
Barbara Marino
Senior Director, In-House CPE and Business Development, Learning Solutions
Thomson Reuters
P.S. Be sure to read about the AuditWatch Productivity Solution and AuditWatch Consulting
Service completely customizable for your firm! See Page 101 for details.
2015In‐HouseCPEPlanner
TableofContents
ACCOUNTING AND AUDITING
The AuditWatch Accounting and Auditing Update (AWACO) ...............................................9
Mastering the Basics of Data Extraction Software (AWPM) .................................................11
Spotting Opportunities to Use Data Extraction Software (AWPSO) .....................................12
Performing Compilation and Review Engagements (CRIF) ..................................................13
Professional Ethics for Accountants (ETHF) ..........................................................................15
Financial Reporting and Disclosures for Small Businesses (FRDF) ......................................17
Audits of Employee Benefit Plans Using the PPC Audit Approach (GBPF) .........................19
Performing Efficient Audits of Nonpublic Companies Using
the PPC Approach (GRNF) .........................................................................................21
Best Practices In Utilizing PPC SMART Tools: Key Issues in Risk Assessment (GRSF) ....23
Evaluating and Testing Internal Controls with
PPC SMART Practice Aids- Internal Control (ICAF) ................................................25
Evaluating and Testing Internal Controls (ICCF) ...................................................................27
Analytical Procedures (PROF) ...............................................................................................29
Sampling: Where, When and How (SAMF) ...........................................................................31
TAXATION
Business Entities Tax Update (BETF) ....................................................................................33
PPC’s Federal Tax Update (PTUF) ........................................................................................35
1040 Individual Tax Update (T40F) .......................................................................................37
YELLOW BOOK
Effective HUD Audits (HUDF) ..............................................................................................39
Yellow Book University Day 1: Auditing Nonprofit Organizations and
Governmental Entities (AWANO) .............................................................................42
Yellow Book University Day 2: Performing Effective and
Efficient Single Audits (AWSAO) .............................................................................44
Yellow Book University Day 3: Government and Nonprofit Update (AWGUO)..................46
Yellow Book University Day 4: Auditing Nonprofit Organizations and
Governmental Entities – Advanced Topics (AWADO) .............................................48
AUDITWATCH UNIVERSITY
AuditWatch University – Level 1: Basic Staff Training (AWO1) ..........................................51
AuditWatch University – Level 2: Experienced Staff Training (AWO2) ...............................53
AuditWatch University – Level 3: Beginning In-Charge Training (AWO3) ..........................55
AuditWatch University – Level 4: Experienced In-Charge Training (AWO4) .......................57
AuditWatch University – Level 4.5: Beyond In-Charge,
“Taking the Next Step” (AWO45) ..............................................................................59
AuditWatch University – Level 5: Moving Beyond In-Charge,
“Taking the Lead” (AWO5) ........................................................................................61
AuditWatch University – Level 6: Developing the Executive Within (AWO6) .....................63
Web-Based New Hire Training................................................................................................65
TAXWATCH UNIVERSITY
TaxWatch University Tax Staff Training—Level 1 (TX1F) ..................................................67
COURSE MODULES
Current Developments in Accounting and Auditing (AAMF) ...............................................77
Audit Sampling (ASMF) .........................................................................................................78
Advanced Topics in Auditing Governmental Entities (AUGF) ..............................................79
Advanced Topics in Auditing Nonprofit Organizations (AUNF) ..........................................80
Key Issues in Compilation and Review Engagements (CRMF) .............................................81
Professional Ethics for Accountants—Selected Topics (ETMF) ...........................................82
FASB Update (FAMF) ...........................................................................................................83
Financial Statement Disclosures (FSMF) ...............................................................................84
Governmental Accounting and Auditing Update (GVMF) ....................................................85
Nonprofit Accounting and Auditing Update (NPMF) ............................................................86
INSTRUCTOR BIOS ..........................................................................................................................87
GENERAL INFORMATION ..............................................................................................................97
PRICE LIST ........................................................................................................................................99
AUDITWATCH TRAINING SOLUTIONS
THE AUDITWATCH ACCOUNTING AND
AUDITING UPDATE
AWACO
In this course we deliver what you need to know about newly issued authoritative pronouncements of the FASB and AICPA –
along with other developments of interest to practitioners serving small- and middle-market businesses. Course material is
updated throughout the year so it is always current. We tailor the discussion to your firm by reviewing the agenda with you
and focusing on those items most relevant to your practice. In addition we can work with you to customize the course content
by removing topics you don’t want to cover and including topics that go beyond the accounting and auditing update.
LEARNING OBJECTIVE: This session will enable the participant to apply selected newly issued and effective technical
accounting and auditing pronouncements and advise companies on related implementation issues.
COURSE FEATURES:
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Technical content delivered in an engaging way; encouraging participant questions and interaction
Discussion questions, exercises, and illustrative examples
Content updated throughout the year
Customizable content – including the option to include topics the beyond usual A&A update
Inclusion of hot topics and practice issues
DESIGNED FOR: Accountants in public practice, industry, and education who need a comprehensive review of recently
issued or effective authoritative pronouncements.
REQUIRED KNOWLEDGE AND EXPERIENCE: Accountants in public practice, industry, and education who need a
comprehensive review of recently issued or effective authoritative pronouncements.
COURSE TYPE: Seminar
COURSE LENGTH: 1 day
ADVANCED PREP: None
RECOMMENDED CPE CREDIT: 8 hrs.
COURSE LEVEL: Update
FIELD OF STUDY: Accounting; Auditing
cl.thomsonreuters.com/A
800.387.1120
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The AuditWatch Accounting and Auditing Update
AWACO
MAJOR TOPICS:
The topics discussed - and depth of coverage - depend on the activities of the FASB, AICPA and others. Likely topics in 2015
include the following:
Accounting Update
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ASU’s related to private company options; including goodwill, interest rate swaps, variable-interest entities, and
intangible assets
Recently issued or soon-to-be effective ASUs; including those related to discontinued operations, consolidations,
going concern and many others
FASB’s significant new standard on Revenue From Contracts With Customers; note that this topic can be presented
as a short overview or as an in-depth analysis
Significant exposure drafts
AICPA Update
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SSARS 21 – the clarified standards related to compilations, reviews and the new financial statement preparation
service
Recently issued and recently effective auditing standards and exposure drafts
Technical Q&A
Practice Issues
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Common peer review matters
Results of recent fraud studies or fraud cases
Others
Optional Topics
We can customize this course for your firm by including topics beyond the A&A update; including 
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Key issues in audit productivity
Improving analytical procedures
Audit sampling
Engagement management
Audit documentation
Audit planning
Leadership
Supervision and feedback
Others
800.387.1120
10
MASTERING THE BASICS OF DATA
EXTRACTION SOFTWARE
AWPM
This hands-on computer course is for new users of data extraction software and those who want to review basic and
intermediate software functions.
COURSE FEATURES:
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Master the key commands and functions of IDEA software
Identify numerous applications of the software
Obtain and import basic and complex data files typically received from clients
Learn how to incorporate the software’s usage in your engagement planning
Understand the software’s reporting features and workpaper assistance tools
Use software driven results to make audit conclusions
COURSE LENGTH: 2 days
ADVANCED PREP: None
COURSE LEVEL: Basic
FIELD OF STUDY: Auditing, 8 hrs.; Specialized Knowledge and Application, 8 hrs.
800.387.1120
11
SPOTTING OPPORTUNITIES TO USE
DATA EXTRACTION SOFTWARE
AWPSO
Ideal for firms seeking to expand their use of data extraction based procedures. This course helps engagement decision
makers recognize situations where their teams can use data extraction to improve quality and efficiency. This is not a
computer-based class.
COURSE FEATURES:
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Assess the cost-benefit of using data extraction software on specific engagements
Identify basic and creative uses of the software (including the latest innovative applications to help comply with
emerging audit standards)
Interpret, document, and communicate results to clients
Identify ways to use data extraction software as a marketing tool to prospective clients
COURSE LENGTH: 4 hrs.
ADVANCED PREP: None
COURSE LEVEL: Overview
FIELD OF STUDY: Auditing
800.387.1120
12
IN-HOUSE SEMINARS
COMPILATION AND REVIEW INSIGHTS –
TIMELY ADVICE FOR IMPROVING QUALITY AND
EFFICIENCY
CRIF
This course outlines the requirements for completing compilation and review engagements, performing them more effectively,
and responding to special situations.
LEARNING OBJECTIVES:
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Better execute considerations in acceptance and continuation
Consider materiality
Better understand and execute compilation procedures
Better understand and execute review procedures
Adapt for clients who report under a Special Purpose Framework / OCBOA
COURSE FEATURES:
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Covers most recent SSARS standards
Responsibility for fraud, internal control, and going concern in compilation and review engagements
Client communications in compilation and review engagements
Improving analytical procedures in review engagements
Adapting for Special Purpose Framework engagements
Reporting standards
DESIGNED FOR: Accountants in public practice who want to increase their quality and efficiency in compilation and review
engagements.
REQUIRED KNOWLEDGE AND EXPERIENCE: Basic knowledge and experience preparing compilation and review
engagements.
ADVANCED PREP: None
COURSE LEVEL: Intermediate
FIELD OF STUDY: Accounting
800.387.1120
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Compilation and Review Insights – Timely Advice For Improving Quality And Efficiency
CRIF
MAJOR TOPICS:
ENGAGEMENT ADMINISTRATION
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Acceptance and continuation
Engagement letters
Independence considerations
Materiality considerations
PERFORMING EFFICIENT COMPILATION ENGAGEMENTS
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Definition of compilation
Compilation procedures
Documentation requirements
Reporting
PERFORMING EFFICIENT REVIEW ENGAGEMENTS
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Definition of review
Review procedures, including inquiries and analytical procedures
Representation letters
Reporting
ADAPTING FOR SPECIAL PURPOSE FRAMEWORKS / OCBOA
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Types of Special Purpose Frameworks / OCBOA, including the AICPA’s Financial Reporting Framework for Small and
Medium-sized Entities
Adapting to special purpose frameworks / OCBOA
Form of special purpose frameworks financial statements
Common mistakes when compiling and reviewing special purpose framework financial statements
800.387.1120
14
IN-HOUSE SEMINARS
PROFESSIONAL ETHICS FOR ACCOUNTANTS
ETHF
It's a Matter of Integrity: Ethics in accounting is of utmost importance to accounting professionals and to those who rely on
their services. CPAs and other accounting professionals know that people who use their services expect them to be
competent, reliable, and objective. This seminar provides an overview of the ethics requirements of the AICPA, IRS, GAO,
SEC/PCAOB and IFAC. Using a model of ethical decision-making, the session will apply the current code of professional
conduct to independence, client services, and regulatory reporting to a variety of short case studies which are based upon
actions taken by the AICPA and other regulators.
LEARNING OBJECTIVE: To enable participants to implement an ethical decision-making process to resolve moral issues
in business.
COURSE FEATURES:
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Definitions of morality and ethics
Ethics and ethical behavior in business decision-making
The moral decision-making process and leadership ethics
Establishing and enforcing a general code of business conduct and ethics
Professional business ethics for accountants
Review of the AICPA Code of Conduct
Latest ethics pronouncements from the AICPA, IRS, GAO, SEC/PCAOB, and IFAC
Case studies
DESIGNED FOR: CPAs and individuals at all organizations and at all organizational levels.
REQUIRED KNOWLEDGE AND EXPERIENCE: None.
ADVANCED PREP: None
COURSE LEVEL: Basic
FIELD OF STUDY: Regulatory Ethics, 4 hrs.; Behavioral Ethics, 4 hrs.
800.387.1120
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Professional Ethics for Accountants
ETHF
MAJOR TOPICS:
ETHICS AND ETHICAL BEHAVIOR IN BUSINESS
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Ethics defined
Professional business ethics for accountants
The AICPA ethics program
THE AICPA CODE OF PROFESSIONAL CONDUCT
MAKING BETTER DECISIONS IN A BUSINESS ENVIRONMENT
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Analyzing the decision process
Making ethical business decisions
ESTABLISHING A GENERAL CODE OF BUSINESS CONDUCT AND ETHICS
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Protecting company assets and resources
Conflicts of interest
Confidential information
Accuracy of records and information reporting
REVIEW OF CURRENT ETHICS STANDARDS
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AICPA independence standards
Recent AICPA rules and proposals
IRS tax preparer rules
GAO independence standards
SEC/PCAOB enforcement actions
IFAC Code of Ethics
CASE STUDIES
800.387.1120
16
IN-HOUSE SEMINARS
FINANCIAL REPORTING AND DISCLOSURES
FOR SMALL BUSINESSES
FRDF
This course provides an overview of standards related to financial statements and financial statement disclosures. This
course discusses the statements of financial position, statement of operations, statement of comprehensive income,
statement of cash flows, statement of stockholders’ equity, and notes, under both GAAP and Special Purpose Framework
bases of accounting.
LEARNING OBJECTIVE: To enable participants to efficiently and effectively prepare financial statements in accordance
with GAAP and Special Purpose Framework bases of accounting.
COURSE FEATURES:
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A review of standards applicable to the preparation and presentation of financial statements
A discussion of form and style considerations
A detailed review of classification, measurement and presentation issues specific to accounts in each of the basic
financial statements
A review of disclosures necessary to ensure presentation in conformity with GAAP
A discussion of the issues associated with the presentation of supplementary information
A discussion of reporting on Special Purpose Frameworks bases of accounting
DESIGNED FOR: Accountants in public practice and industry who need to gain an understanding of the basic financial
statements; including basic measurement and presentation for common financial statement line items.
REQUIRED KNOWLEDGE AND EXPERIENCE: Accountants who are new to or have limited experience with the
preparation of basic financial statements.
ADVANCED PREP: None
COURSE LEVEL: Basic
800.387.1120
17
Financial Reporting and Disclosures for Small Businesses
FRDF
MAJOR TOPICS:
OVERVIEW OF STANDARDS GOVERNING PREPARATION AND PRESENTATION

Introduction to GAAP, GAAS requirements, and quality control
GAAP
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Performance standards
Reporting standards
Quality control standards
Ethical standards
FORM AND STYLE CONSIDERATIONS
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Standardization
Presentation considerations
CLASSIFICATION, MEASUREMENT AND PRESENTATION CONSIDERATIONS
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The balance sheet
The statement of income
Statements of retained earnings, stockholders’ equity and comprehensive income
The statement of cash flows
DISCLOSURE ISSUES
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Determining necessary disclosures
Significant accounting policies
Common problems in preparing disclosures
Risks and uncertainties
SUPPLEMENTARY INFORMATION
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Basic statements vs. supplementary information
Practical guidelines
SPECIAL PURPOSE FRAMEWORKS
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Reporting on Special Purpose Framework statements
800.387.1120
18
IN-HOUSE SEMINARS
AUDITS OF EMPLOYEE BENEFIT PLANS USING
THE PPC AUDIT APPROACH
GBPF
Regulators are concerned about compliance with DOL and IRS regulations - not just traditional financial statement
reporting. Therefore, auditors need to focus on two issues: (1) what constitutes noncompliance and how noncompliance
might occur; and (2) what the auditor is required to test to determine if there is noncompliance. This seminar provides an
in-depth review of ERISA regulations and at the same time designs an efficient compliance audit methodology for those
rules. Identify the changes related to the Clarity Project which have been incorporated in the AICPA Audit and Accounting
Guide: Employee Benefit Plans. Learn what auditors forget to do when examining contributions, distributions, participant
data, investments, and prohibited transactions.
LEARNING OBJECTIVE: To audit employee benefit plans in compliance with DOL and AICPA standards.
COURSE FEATURES:
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Latest ERISA, DOL, and IRS regulations
AICPA update: use of service organizations, AICPA Code of Conduct, new COSO framework
Unique audit issues for benefit plans: contributions, investments, participant data, distributions, fraud, and prohibited
transactions
DESIGNED FOR: Accountants in public practice and industry that want to increase their effectiveness in auditing
employee benefit plans.
REQUIRED KNOWLEDGE AND EXPERIENCE: Basic knowledge and experience auditing employee benefit plans.
ADVANCED PREP: None
800.387.1120
19
Audits of Employee Benefit Plans Using the PPC Audit Approach
GBPF
MAJOR TOPICS:
ERISA RULES
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Reporting to the DOL and IRS
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Participant notices

Rules regarding plan design features

Employee Plans Compliance Resolution System
REGULATORY UPDATE
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2014 plan year compliance requirements

Latest guidance from ERISA, DOL, IRS

Current audit issues
AICPA UPDATE
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Liquidation basis of accounting
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AICPA Code of Conduct
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COSO Framework

Use of service organizations
SPECIAL AUDIT PROBLEMS
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What auditors forget to test
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Fraud
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Contributions received and receivable
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Investments
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Participant data
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Benefit payments
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Benefit obligations
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Prohibited transactions
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Limited scope audits

AICPA Quality Control findings
800.387.1120
20
IN-HOUSE SEMINARS
PERFORMING EFFICIENT AUDITS OF
NONPUBLIC COMPANIES USING THE PPC
AUDIT APPROACH
GRNF
This course provides practical guidance on how to conduct efficient and effective audits of small businesses using PPC’s
Guide to Audits of Nonpublic Companies. The course highlights the latest implementation guidance from standard setters
and best practices using the current PPC practice aids.
Major topics include: risk assessment, formulating the audit strategy, audit planning, evaluating and testing internal controls,
designing and performing further audit procedures, audit sampling, and documentation. This course may also be purchased
with advanced workpaper review allowing the instructor to focus on topics having the greatest potential benefit.
LEARNING OBJECTIVE: To enable participants to effectively use PPC’s Guide to Audits of Nonpublic Companies.
COURSE FEATURES:
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Risk assessment standards
Audit strategy and audit plan
Testing and evaluating internal controls
Designing and performing further audit procedures
Sampling
Audit documentation
DESIGNED FOR: Auditors of all levels using the PPC methodology
REQUIRED KNOWLEDGE AND EXPERIENCE: Basic audit knowledge and experience
ADVANCED PREP: None
800.387.1120
21
Performing Efficient Audits of Nonpublic Companies Using the PPC Audit Approach
MAJOR TOPICS:
OVERVIEW
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Understanding the audit process
Understanding the PPC methodology
RISK ASSESSMENT PROCEDURES AND PLANNING
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Understanding the entity and its environment
Understanding internal control—entity level and activity level controls
Inquiries, observations, inspections, and analytical procedures
Planning decisions and judgments
Consideration of materiality
Consideration of fraud
Developing an overall audit strategy
Documentation of risk assessment procedures and planning
ASSESSING RISK AND DEVELOPING THE DETAILED AUDIT PLAN
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Identifying risk of material misstatement at the relevant assertion level
Assessing risk of material misstatement at the relevant assertion level
Considering fraud risk factors
Significant audit risks
Responding to the risk assessment and preparing the detailed audit plan
Substantive analytical procedures and substantive tests of details
Documentation of identified risks and the risk assessment
TESTING INTERNAL CONTROLS
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Determining whether to test controls
Selecting appropriate tests of controls
Performing tests of controls
Sampling for tests of controls
Evaluating tests of controls and assessing control risk
THE EXTENT QUESTION
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Planning the extent of substantive tests
Requirements that apply to all substantive samples
Sampling for substantive tests of details
Practice issues in evaluation of sample results
800.387.1120
22
GRNF
IN-HOUSE SEMINARS
BEST PRACTICES IN UTILIZING PPC SMART
TOOLS: KEY ISSUES IN RISK ASSESSMENT
GRSF
This course provides best practices for using PPC SMART Practice Aids - Risk Assessment to efficiently complete and
document risk assessment procedures. The course blends practical discussions on best practices for performing risk
assessment procedures with how to use the PPC SMART Practice Aids software to its fullest. The course focuses on
obtaining and documenting an understanding of the entity (including internal controls), identifying, assessing and documenting
risks, and creating tailored audit programs.
LEARNING OBJECTIVE: To enable participants to efficiently and effectively complete and document risk assessment
procedures using the PPC SMART Practice Aids – Risk Assessment.
COURSE FEATURES:
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PPC SMART Practice Aids
Obtaining and documenting an understanding of the entity
Obtaining and documenting a top-down, risk-based approach to internal controls
Identifying and assessing risk
Tailoring audit programs
DESIGNED FOR: Individuals completing or managing audit engagements utilizing PPC SMART Practice Aids – Risk
Assessment.
REQUIRED KNOWLEDGE AND EXPERIENCE: Knowledge and experience in risk-based auditing.
ADVANCED PREP: None
800.387.1120
23
Best Practices in Utilizing PPC Smart Tools: Key Issues In Risk Assessment
GRSF
MAJOR TOPICS:
RISK ASSESSMENT PROCEDURES
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Performing efficient and integrated risk assessment procedures
Applying a top-down, risk-based approach to internal controls
Identifying and documenting risks of material misstatement
Classifying and documenting risks
Tips and best practices
RISK ASSESSMENTS
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Team meetings to determine and assess risks and develop responses
Documenting inherent, control, significant, fraud, and other risks of material misstatement
CREATING TAILORED AUDIT PROGRAMS
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Customizing audit procedures at the assertion level
Ensuring linkage between risk assessment and planned procedures
800.387.1120
24
IN-HOUSE SEMINARS
EVALUATING AND TESTING INTERNAL
CONTROLS WITH PPC’S SMART PRACTICE
AIDS – INTERNAL CONTROL
ICAF
This course is designed to help auditors increase their efficiency and effectiveness by applying a top-down, risk-based
approach to internal controls utilizing PPC’s SMART Practice Aids – Internal Control software. The course addresses when it
makes sense to test controls, how to perform and evaluate those tests and how the testing affects substantive audit
procedures.
LEARNING OBJECTIVE: To enable participants to apply a top-down, risk-based approach to obtaining an understanding
of internal controls and to perform tests of a client's internal controls using PPC's SMART Practice Aids.
COURSE FEATURES:
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PPC SMART Practice Aids
Applying a top-down, risk-based approach to obtaining an understanding of internal controls
Testing the operating effectiveness of internal controls
Documentation of procedures
DESIGNED FOR: Auditors with responsibilities for designing or executing internal control-related work on audit
engagements.
ADVANCED PREP: None
800.387.1120
25
Evaluating & Testing Internal Controls with PPC’s Smart Practice Aids- Internal Control
MAJOR TOPICS:
OVERVIEW OF AUDIT REQUIRMENTS


Evaluation of design effectiveness
Verification of implementation
OBTAINING AN UNDERSTANDING OF CONTROLS

Top-down, risk-based approach

Evaluating entity and activity level controls

Verifying implementation of entity and activity level controls

TESTING OPERATING EFFECTIVENESS

When and why testing operating effectiveness of key controls makes sense

Testing operating effectiveness

Evaluating the results
TIPS AND BEST PRACTICES
800.387.1120
26
ICAF
IN-HOUSE SEMINARS
EVALUATING AND TESTING INTERNAL
CONTROLS
ICCF
Do you feel that your approach to obtaining an understanding of your client’s internal controls is not as efficient or effective as
it could be? This course is designed to help auditors increase their efficiency and effectiveness by applying a top down, riskbased approach to internal controls. The course includes interactive case studies designed to practice the various steps of a
top-down, risk-based approach. The course also addresses when it makes sense to test controls, how to perform and
evaluate those tests and how the testing impacts your substantive audit procedures.
LEARNING OBJECTIVE: To enable participants to apply a top-down, risk-based approach to obtaining an
understanding of internal controls and to perform tests of a client's internal controls.
COURSE FEATURES:

Applying a top-down, risk-based approach to obtaining an understanding of internal controls

Testing the operating effectiveness of internal controls

Documentation of procedures

Case studies and in-depth exercises
DESIGNED FOR: Auditors with responsibilities for designing or executing internal control-related work on audit
engagements.
ADVANCED PREP: None
800.387.1120
27
Evaluating and Testing Internal Controls
ICCF
MAJOR TOPICS:
OVERVIEW OF AUDIT REQUIREMENTS

Evaluation of design effectiveness

Verification of implementation
OBTAINING AN UNDERSTANDING OF CONTROLS

Top-down, risk-based approach

Evaluating entity and activity level controls

Verifying implementation of entity and activity level controls

TESTING OPERATING EFFECTIVENESS

When and why testing operating effectiveness of key controls makes sense

Testing operating effectiveness

Evaluating the results
TIPS AND BEST PRACTICES
800.387.1120
28
IN-HOUSE SEMINARS
ANALYTICAL PROCEDURES
PROF
Analytical procedures are powerful tools in planning and performing audits and review engagements. In many cases, they
provide greater assurance and are more efficient than tests of details. This course helps accountants take full advantage of
the power of analytical procedures by providing guidance on developing and applying appropriate and effective analytical
procedures in GAAS audits and SSARS reviews.
LEARNING OBJECTIVE: To enable participants to effectively and efficiently apply analytical procedures.
COURSE FEATURES:




Overview of the concepts underlying analytical procedures
Improve analytical procedures through better expectations, corroboration and levels of precision
Deal with differences from expectations
Discuss practical applications via detailed case studies
DESIGNED FOR: This course is appropriate for any member of an engagement team who designs or performs
analytical procedures on audit or review engagements.
REQUIRED KNOWLEDGE AND EXPERIENCE: Knowledge or experience in GAAS audits or SSARS reviews.
ADVANCED PREP: None
800.387.1120
29
Analytical Procedures
PROF
MAJOR TOPICS:
THE ROLE OF ANALYTICAL PROCEDURES IN AUDITS AND REVIEWS




Benefits of analytical procedures
Using analytical procedures in an audit
Designing analytical procedures in a review
Documenting the use of analytical procedures
DEVELOPING EXPECTATIONS


Sources for expectations
Developing expectations
DESIGN AND PRECISION


Understanding and improving precision
Considering the source of data and obtaining corroboration
DEALING WITH DIFFERENCES FROM EXPECTATIONS


Deciding when a difference should be investigated
Considering the significance of a difference
ILLUSTRATING THE USE OF ANALYTICAL PROCEDURES



Analytical procedures in the planning and risk assessment phase of an audit
Analytical procedures as substantive tests
Analytical procedures in the overall review
TIPS FOR IMPROVING SUBSTANTIVE ANALYTICAL PROCEDURES
800.387.1120
30
IN-HOUSE SEMINARS
SAMPLING: WHERE, WHEN AND HOW
SAMF
This course explains the use of audit sampling in an audit. The course incorporates PPC practice aids, and is focused on
the PPC approach to audit sampling in both substantive tests and tests of controls. It provides a solid understanding of
basic and advanced sampling topics, while staying focused on practical issues and efficiency considerations.
LEARNING OBJECTIVE: To enable participants to effectively and efficiently use audit sampling.
COURSE FEATURES:






Basic and advanced audit sampling topics
Alternatives to audit sampling
Sampling used to perform tests of controls
Sampling in substantive tests
PPC Practice aids
Case studies
DESIGNED FOR: Accountants who plan, perform or review audit tests using audit sampling.
REQUIRED KNOWLEDGE AND EXPERIENCE: Participants should have basic auditing experience.
ADVANCED PREP: None
COURSE LEVEL: Basic
800.387.1120
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Sampling: Where, When and How
SAMF
MAJOR TOPICS:
INTRODUCTION TO AUDIT SAMPLING




What is audit sampling?
When is sampling appropriate?
Alternatives to sampling and selecting appropriate tests
Using PPC’s Planning Worksheet to Determine Extent of Substantive Tests
SAMPLING FUNDAMENTALS



The impact of risks in audit sampling
Steps to sampling
The factors that affect sample size and reliability
SAMPLING IN TESTS OF CONTROLS






Selecting controls to test and defining deviations
Defining the period covered and the population
Calculating the sample size (large and small populations)
Selecting the sample items
Evaluating exceptions and responding to deficiencies
Evaluating results and the determining the appropriate level of control risk
SAMPLING IN SUBSTANTIVE TESTS







Defining the population and sampling unit
Tolerable misstatement and individually significant items
Inherent risk, control risk, and other procedures risk
Calculating the sample size
Selecting the sample items
Evaluating sample results and determining the level of assurance achieved
Using PPC’s tools to plan the sample and evaluate results
800.387.1120
32
IN-HOUSE SEMINARS
BUSINESS ENTITIES TAX UPDATE
BETF
The 2015 Business Entities seminar will focus on providing practical advice for tax practitioners serving small business clients.
This course will provide a review of new tax laws, court cases, IRS rulings and notices, and other developments. We will
explore the advantages and disadvantages of C corporations, S corporations, limited liability companies, general partnerships,
and limited partnerships (including limited liability and family limited partnerships).
LEARNING OBJECTIVE: Identify recent changes in tax law and assess their impact on business entities.
COURSE FEATURES:







Examine the impact of the 2014 Tax Increase Prevention Act
Discuss the final capitalization regulations affecting all taxpayers that acquire, produce, or improve property
Analyze Form 3115 developments, including Rev. Proc. 2015-20 relief for small business taxpayers
Assess implications of Notice 2013-54 affecting employer payment plans, and other healthcare arrangements
(including transitional relief under Notice 2015-17)
Representing a taxpayer in a worker reclassification audit
Recent rulings and final regulations affecting S shareholder basis
Evaluate developments in LLC member self-employment taxation
DESIGNED FOR: Accountants wanting to know the latest changes in federal tax law affecting corporate taxation.
REQUIRED KNOWLEDGE AND EXPERIENCE: Familiarity with corporate tax law.
ADVANCED PREP: None
FIELD OF STUDY: Taxes
800.387.1120
33
Business Entities Tax Update
BETF
MAJOR TOPICS:

New developments - recent changes in tax law

Choosing the proper entity

Forming a corporation

General corporate items

C Corporations

Penalty Taxes: QPSC, AET, and PHC

Sub-S Corporations

S Corporation ownership of other entities

Sub-S election and consent

S Corporation income and expenses

Shareholder basis

Passive activity rules

S Corporation taxes

Distributions to shareholders

Terminating S Corporation status

Corporate sales and liquidations

Overview of Sub-K—Partnership

Introduction—Partnerships and Limited Liability Companies (LLCs) formation

Partnership (or LLC) operations

Transactions with partners (or members)

Partnership termination, sale, retirement, or death (liquidation)
800.387.1120
34
IN-HOUSE SEMINARS
PPC’S FEDERAL TAX UPDATE
PTUF
PPC’s Federal Tax Update covers the latest developments affecting individuals, partnerships, C corporations, S corporations,
and estates and trusts, and is designed to keep you up-to-date in this dynamic environment.
LEARNING OBJECTIVE: To provide participants with practical, working knowledge of the latest tax law changes that will
enable effective tax planning, compliance, and consultation engagements during the coming year.
COURSE FEATURES:






New DVD instructional tool available for clients who purchase seminar as “materials only”
Coverage of critical federal legislation
Coverage of important Treasury regulations, IRS pronouncements, and judicial decisions issued during the past year
Tax return preparation tips
Tax planning ideas
Numerous practice aids including real-life examples, worksheets, elections, and checklists
DESIGNED FOR: Accountants in public practice and private industry who need to stay on top of the latest changes in the
federal tax law, including legislation, IRS pronouncements, and judicial decisions issued during the past year.
REQUIRED KNOWLEDGE AND EXPERIENCE: Participants should be familiar with federal tax issues for various
entities.
ADVANCED PREP: None
800.387.1120
35
PPC’s Federal Tax Update
PTUF
MAJOR TOPICS:
INDIVIDUALS




Income issues
Deductions and losses
Individual credits
Filing matters
BUSINESS ENTITIES



C corporations and shareholders
S corporations and shareholders
Partnerships and partners
REPAIRS AND CAPITALIZATION
DEPRECIATION AND AMORTIZATION
CREDITS
HEALTH CARE REFORM AND WHAT THIS MEANS FOR INDIVIDUAL AND BOTH LARGE AND SMALL
BUSINESS CLIENTS
COMPENSATION ISSUES



Retirement Plans
Fringe Benefits
SE and FICA issues
TRUSTS AND ESTATES

Gift tax
ADMINISTRATIVE ISSUES

IRS compliance matters
*This course has a DVD instructional tool available for purchase for clients ordering this course as “materials only.”
800.387.1120
36
IN-HOUSE SEMINARS
1040 INDIVIDUAL TAX UPDATE
T40F
This comprehensive course covers key tax issues for completing a broad range of tax returns and covers all major aspects of
income, deductions, and credits. This course is both a review and update. Topics include coverage of key legislation, court
cases, rulings, procedures rulings and announcements. The course is updated to the date of the seminar and will provide you
with the insight, practice tips and tools you need for the upcoming busy season.
LEARNING OBJECTIVE: To enable the practitioner to competently prepare tax returns this upcoming busy season.
COURSE FEATURES:











Complete coverage of 2014 Tax Increase Prevention Act, including individual, business, energy and depreciation
provisions
Discuss new ABLE (“Achieving a Better Life Experience”) accounts for disabled taxpayers
Discuss the final capitalization regulations affecting all taxpayers that acquire, produce, or improve property
Analyze Form 3115 developments, including Rev. Proc. 2015-20 relief for small business taxpayers
Evaluate developments and current case law – Schedule A deductions for home mortgage interest and charitable
contributions
Summarize penalty relief available for taxpayers who received excess advanced premium tax credits
Discuss developments and current case law – passive activity losses and materially participating real estate
professionals
Changes to Circular 230 and an update of IRS fraud prevention measures
Reporting foreign financial assets on Form 8938 and FBAR FinCen Report 114
Update on LLCs and Form 1099-MISC filing requirements
Evaluate developments in LLC member self-employment taxation
DESIGNED FOR: Practitioners who prepare or review individual income tax returns.
REQUIRED KNOWLEDGE AND EXPERIENCE: Participants should be familiar with individual federal income tax
issues.
ADVANCED PREP: None
800.387.1120
37
1040 Individual Tax Update
T40F
MAJOR TOPICS:

Healthcare reform

New equipment regulations

Depreciation

Itemized deductions

Adjustments to income

Employee business expense

Debt forgiveness

Schedule C

Self employment tax

Independent contractor or employee

Passive activities

Casualty, disaster and theft losses

Individual credits

Business credits

Alternative minimum tax

Retirement accounts (contributions and distributions)

Sale of a principal residence

Filing status and dependents

Divorce

Pass-throughs

Section 199

Education provisions

Schedule H

Interest and dividends
800.387.1120
38
IN-HOUSE SEMINARS
EFFECTIVE HUD AUDITS
HUDF
This seminar provides the guidance on audits of for-profit and nonprofit multifamily projects that receive financial assistance
from HUD. This course covers the 2013-14 revisions to the HUD Consolidated Audit Guide and the latest regulations from
HUD as well as the changes required by the AICPA. Learn to prevent the common deficiencies in testing of controls and
compliance with HUD and OMB regulations as reported by inspectors-general and peer review.
LEARNING OBJECTIVE: To apply risk-based audit strategies to HUD compliance audits
COURSE FEATURES:








HUD programs
Regulatory update: HUD, OMB, GAO, AICPA, FASB
Risk assessment: compliance with laws and regulations
Testing controls and compliance
Sampling
Required documentation
Common engagement deficiencies
Compliance reporting update
DESIGNED FOR: Accountants in public practice and industry who want to increase their effectiveness in risk-based
auditing of HUD organizations.
REQUIRED KNOWLEDGE AND EXPERIENCE: Basic knowledge and experience auditing HUD organizations.
ADVANCED PREP: None
FIELD OF STUDY: Auditing (Governmental); Qualifies for Yellow Book CPE
800.387.1120
39
Effective HUD Audits
HUDF
MAJOR TOPICS:
REGULATORY UPDATE





Types of multifamily housing programs
Audit and accounting guidance applicable to owners of multifamily housing projects
Multifamily housing: programs features, contracts, and forms
Consolidated HUD Audit Guide and other HUD guidance
Single Audit Update
AICPA UPDATE



AICPA Code of Conduct
COSO Internal Control Integrated Framework
Auditing Standards Update
RISK ASSESSMENT: COMPLIANCE WITH LAWS AND REGULATIONS








Profit vs. nonprofit entities
HUD compliance requirements
Risk assessment procedures and planning
Entity-level and program level risk
Consideration of fraud
Assessing compliance level risk: OMB and HUD
The audit risk matrix
Integrating OBM and HUD requirements
TESTING CONTROLS AND COMPLIANCE









Developing the detailed audit plan
Testing A-133 key controls
Tests of controls over HUD programs
Testing specific OMB requirements
Testing specific requirements applicable to HUD-assisted programs
Evaluating results of compliance tests
Sampling in tests of controls over compliance
Sampling in substantive test of compliance with laws and regulations
Planning the extent of substantive tests of compliance
PEER REVIEW GUIDANCE AND COMMON ENGAGEMENT DEFICIENCIES



Deficiencies noted in peer review
Deficiencies in Yellow Book and Single Audit engagements
Deficiencies noted by HUD Inspectors General
800.387.1120
40
Effective HUD Audits
HUDF
MAJOR TOPICS (CONT.):
AUDITOR COMMUNICATIONS






Changes to the Consolidated HUD Audit Guide
Reportable findings
Revised Schedule of findings and questioned costs
Revised Schedule of Prior Audit Findings
Revised Corrective Action Plan
Revised auditors' reports
800.387.1120
41
YELLOWBOOK UNIVERSITY
The YellowBook University Series allows you to attend just the sessions that are most important to you. The sessions are
designed to accommodate auditors new to this practice area as well as experienced auditors by allowing you to choose the
combination of days that best suits your experience and interest.
DAY 1: AUDITING NONPROFIT ORGANIZATIONS AND
GOVERNMENTAL ENTITIES
AWANO
This session focuses on the fundamentals of auditing nonprofit organizations and governmental entities including their unique
characteristics. This session is designed to provide practitioners that are new to this practice area an overview of the audit
fundamentals and to provide the experienced auditor with a solid refresher.
LEARNING OBJECTIVE: To perform more efficient and effective audits of nonprofit organizations and governmental
entities.
COURSE FEATURES:





Workshop style presentation with exercises, examples, and group discussion
Fundamental auditing standards applicable to audits of nonprofit organizations and governmental entities
Risk assessment procedures, substantive procedures and tests of controls; including sampling
Special accounting and auditing considerations in nonprofit and governmental audits
Minimal use of PPC forms and practice aids in performing audits of nonprofit organizations and governmental entities
DESIGNED FOR: Auditors in public practice that are responsible for performing audits of nonprofit organizations or
governmental entities.
REQUIRED KNOWLEDGE AND EXPERIENCE: Basic knowledge and experience with governmental and nonprofit
audits.
ADVANCED PREP: None
COURSE LEVEL: Basic
800.387.1120
42
YELLOWBOOK UNIVERSITY DAY 1
AWANO
MAJOR TOPICS:
Introduction to Auditing Nonprofit Organizations and Governmental Entities

Introduction to Governmental Entities
o Distinguishing characteristics
o GAAP for governmental entities
o Financial reporting

Introduction to Nonprofit Organizations
o Distinguishing characteristics
o Industry specific GAAP
o Financial reporting

Introduction to Government Auditing Standards (Yellow Book) for financial audits
o Relationship between government auditing standards and other professional standards
o General standards and standards for financial audits
o Independence
Auditing Standard - Clarified



Overview on convergence, drafting conventions, mapping and AU-C 200s to 900s
How to adapt and apply your knowledge on auditing standards to audits of nonprofit organizations and governmental
entities
Emphasis on risk assessment process and financial statement assertions unique to nonprofit organizations and
governmental entities. Includes substantive tests, tests of internal control and sampling
Special Audit Considerations

Nonprofit Organizations
o Contributions
o Net assets
o Functional expenses
o Going concern

Governmental Entities
o Opinion units
o Financial reporting entity
o Budget
o Nonexchange transactions
Fraud Considerations
Two distinct sections within each module on audits of nonprofit organizations and governmental entities that include:



Fraud triangle and risk factors
Fraudulent financial reporting
Identifying fraud schemes and effective audit response
800.387.1120
43
DAY 2: PERFORMING EFFECTIVE AND EFFICIENT
SINGLE AUDITS
AWSAO
In this session you will learn the key changes to the audit requirement of the single audit in the new guidance, 2 CFR Part 200,
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. This section includes the
overall performance of the single audit, reforms to the audit requirements, effective dates, and certain audit requirements that
have not changed. Special attention is given to best practices, determining major programs, efficient and effective methods
to test internal controls and compliance requirements (including sampling techniques), and development of meaningful audit
findings.
LEARNING OBJECTIVE: To recognize changes to the audit requirements in 2 CFR Part 200 and perform more efficient
and effective single audits.
COURSE FEATURES:





Fundamental audit requirements for planning and performing single audits as set forth in 2 CFR Part 200
Risk-based approach to determining major programs
Opportunities to improve efficiency
Minimal use of PPC forms and practice aids
DESIGNED FOR: Auditors in public practice that are responsible for performing single audits. This session is also an
excellent refresher for experienced practitioners that also need to understand the impact of changes to audit requirements in
the new guidance (2 CFR Part 200).
REQUIRED KNOWLEDGE AND EXPERIENCE: Minimal or basic knowledge and experience of performing single
audits under OMB Circular A-133.
ADVANCED PREP: None
COURSE LEVEL: Basic
800.387.1120
44
AWSAO
MAJOR TOPICS:

Understanding the background of the single audit and current developments including 2 CFR Part 200

Understanding the auditee and auditor responsibilities in preparing a complete and accurate schedule of expenditures
of federal awards based on the new guidance of 2 CFR Part 200

Performing a risk-based approach to determine major programs based on the new guidance of 2 CFR Part 200

Designing effective and efficient methods to test compliance requirements that could have a direct and material effect
on a major program and text internal controls over compliance based on the new guidance of 2 CFR Part 200

Understanding sampling in a single audit environment

Effectively identifying, developing and reporting audit findings to comply with the requirements of 2 CFR Part 200

Recognizing effects of new guidance (2 CFR Part 200) and best practices to improve single audit efficiency
(discussed throughout the session)

Understanding an overview of the new guidance (2 CFR Part 200) from the perspective of the auditee and Federal
awarding agency
800.387.1120
45
DAY 3: GOVERNMENTAL AND NONPROFIT UPDATE
AWGUO
In this session, we update you on recently issued and effective authoritative pronouncements affecting governmental units
and nonprofit organizations; including accounting, auditing, ethics, regulatory, and compliance issues. This session will also
address the practical implementation and practice issues related to the most significant new standards.
LEARNING OBJECTIVE: To explain recent changes in guidance affecting government and nonprofit entities.
COURSE FEATURES:




Special accounting and auditing considerations in governmental and nonprofit audits
Review of exposure drafts and other proposals that will affect your clients
Practical application of new standards and guidance
audits.
ADVANCED PREP: None
FIELD OF STUDY: Accounting 2 hrs.; Accounting (Governmental) 2 hrs.; Auditing 2 hrs.; Auditing (Governmental)
2 hrs.; Qualifies for YellowBook CPE
800.387.1120
46
AWGUO
MAJOR TOPICS:

Current challenges affecting governmental units and nonprofit organizations

Recently issued GASBs, GASB exposure drafts

GASB implementation guidance

Recently released ASUs and ASU exposure drafts affecting nonprofit organizations

Common disclosure deficiencies related to governmental units and nonprofit organizations

Compliance auditing update: Yellow Book guidance and Single Audit changes

Revisions to AICPA standards affecting financial reporting

Changes to AICPA Accounting and Auditing guides: state and local governments, nonprofit organizations, GAS/A-133

Changes to compilation and review standards

Revisions to the COSO Framework and the GAO Green Book

Common engagement deficiencies noted in peer review and OIG inspections

Ethics standards update
800.387.1120
47
DAY 4: AUDITING NONPROFIT ORGANIZATIONS AND
GOVERNMENTAL ENTITIES – ADVANCED TOPICS
AWADO
This session focuses on advanced accounting and auditing issues unique to performing audits of nonprofit organizations and
governmental entities. Topics include common practice and implementation issues relating to recent standards and recent risk
alerts.
LEARNING OBJECTIVE: To perform more efficient and effective audits of nonprofit and governmental entities.
COURSE FEATURES:



Discussion of advanced practice issues appropriate for experienced auditors
Minimal use of certain PPC forms and practice aids in performing governmental and nonprofit organization audits
GAAP
ADVANCED PREP: None
COURSE LEVEL: Advanced
FIELD OF STUDY: Accounting, 2 hrs.; Accounting (Governmental), 3 hrs.; Auditing, 2 hrs.; Auditing (Governmental),
1hr.; Qualifies for YellowBook CPE
800.387.1120
48
AWADO
MAJOR TOPICS:
Governmental: Deferred Outflows and Inflows of Resources – Includes GASB Statement No. 63 and 65,
and Concepts Statement No. 4



Apply concepts of deferred inflows and deferred outflows of resources
Identify and report transactions that are deferred inflows and deferred outflows of resources
Recognize effects of GASB Statement No. 63 and 65 on reporting
Governmental: Tackle the New Pension Standards – Includes GASB Statement No. 67, 68, and 71



Recognize scope and significant changes resulting to pension standards
Summarize accounting and financial reporting provisions of the new pension standards
Develop effective audit procedures based on risk
Governmental: GASB Statement No. 69 an 70


Address audit challenges of government combinations and disposals of government operations
Address audit challenges relating to the accounting and financial reporting for nonexchange financial guarantees
Governmental: Implementation Issues with Recent GASB’s (NOTE: This supplemental content may be
covered only if time permits and based on relevance/interest to participants.)

Apply accounting and financial reporting guidance relating to:
o GASB Statement No. 60 on Service Concession Arrangement
o GASB Statement No. 61 on the Financial Reporting Entity
Governmental: Audit Risk Alert



Determine effects of risk on governmental audits based on understanding of recent developments
Identify significant risks that may result in material misstatement of financial statements
Evaluate unique governmental practice issues
Nonprofit Organizations: Fair Value Measurement



Recognize the fair value framework
Apply fair value framework to: promises to give, split interest agreements and beneficial interest in perpetual trusts
Determine fair value of various gifts-in-kind
Nonprofit Organizations: Contributions – GAAP Issues


Understand common GAAP issues associated with receiving contributions
Identify and apply GAAP to donor-restricted endowment funds subject to Uniform Prudent Management of Institutional
Fund Act (UPMIFA)
800.387.1120
49
AWADO
MAJOR TOPICS (CONT.):
Nonprofit Organizations: Functional Expense Allocation; Including Supporting and Program Services





Understand functional expense reporting requirements (GAAP)
Recognize how the purpose of the functional allocation can affect the method used
Identify risks of material misstatement
Identify effect of ASU 2013-06
Develop an effective audit approach
Nonprofit Organizations: Audit Risk Alert



Determine effects of risk on nonprofit audits based on understanding of recent developments
Identify significant risks that may result in material misstatement of financial statements
Evaluate unique nonprofit practice issues
800.387.1120
50
AUDITWATCH UNIVERSITY – LEVEL 1: BASIC
STAFF TRAINING
AWO1
This session helps new auditors get off to a great start, introducing them to the auditing field and basic audit responsibilities.
The course includes case studies in common audit areas typically completed by staff accountants and provides an overview
of how each area fits into the big picture.
REQUIRED KNOWLEDGE AND EXPERIENCE: 0-4 months
ADVANCED PREP: None
COURSE LEVEL: Basic
FIELD OF STUDY: Auditing, 23 hrs.; Accounting, 7 hrs.; Communication, 2 hrs.
MAJOR TOPICS AND LEARNING OBJECTIVES:
Role of the Staff Auditor – 1 Credit (Auditing)

Describe characteristics and skills that are important to a staff person’s success
Services and Responsibilities – 2 Credits (Auditing)





Describe key differences between an audit, a review, compilation, preparation of financial statements, and accounting
services
Recognize the purpose of an audit
Recognize the differences between attest procedures and accounting services
Identify attest procedures versus assurance procedures
More confidently execute your role and responsibility as an effective engagement team member
Workpapers and Documentation – 2 Credits (Auditing)


Explain the requirements of AU-C 230, Audit Documentation
Create, organize, and prepare audit workpapers
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AuditWatch University Level 1: Basic Staff Training
AWO1
MAJOR TOPICS AND LEARNING OBJECTIVES (CONT.):
Introduction to the Audit Plan – 3.5 Credits (Auditing)




Describe the key phases of the audit plan
List basic requirements of risk assessment procedures
Discuss the objectives and contents of key planning forms
Identify ways auditors obtain evidence through the performance of accepted audit procedures
Introduction to Internal Controls & Analytical Procedures – 4 Credits (Auditing)





Describe the key components of internal controls and list the auditors’ responsibilities related to controls
Describe requirements and best practices for understanding, documenting and testing internal controls
Characterize the role of analytical procedures in audits and reviews
Identify the key steps in performing substantive analytics
Properly document an understanding of controls and substantive analytics
Common Audit Areas – 16 Credits (9 Credits Auditing, 7 Credits Accounting)
(Cash, A/R, PP&E, Inventory, A/P, Debt)
 Identify and explain the basic audit risks
 Perform common audit procedures and explain how the procedures address documented risks and assertions
Professionalism in Public Accounting – 3 Credits (1 Credit Auditing, 2 Credits Communication)



Describe tips for professionalism in the role of a staff person
List key characteristics of being successful in public accounting
Understand common ethical challenges and potential responses
Summary: Best Practices for Beginning Staff – 0.5 Credit (Auditing)



Summarize the key learning points of the course
Revisit course objectives
Brainstorm best practices for first-year staff
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AUDITWATCH UNIVERSITY – LEVEL 2:
EXPERIENCED STAFF TRAINING
AWO2
This session introduces auditors to the complete audit process and plan. It focuses on ways for staff and senior accountants
to significantly participate in the risk assessment procedures, including efforts surrounding internal controls. In addition,
significant time is spent on performance of further audit procedures including tests details such as sampling, auditing
estimates, and analytical procedures. Finally, the course includes discussions of select technical accounting, auditing,
advanced documentation, and business skills.
REQUIRED KNOWLEDGE AND EXPERIENCE: 5 -21 months
ADVANCED PREP: None
FIELD OF STUDY: Auditing, 19 hrs.; Accounting, 5 hrs.
The Role of the Experienced Staff Auditor – 1 Credit (Auditing)


Describe and provide multiple examples of the increased expectations of an experienced staff person
List core auditing concepts that are critical to the success of experienced staff auditors
The Audit Plan – 8 Credits (Auditing)



Assist the team in gaining, updating, and documenting their understanding of the entity and its environment, including
internal controls
Begin to better identify and document risks of material misstatement using an understanding of the entity and its
environment, including internal controls
Participate more confidently in the risk assessment process
Substantive Analytical Procedures – 3 Credits (Auditing)



Apply the principles of performing substantive analytical procedures
Analyze differences from expectations
Properly document substantive analytics
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AuditWatch University Level 2: Experienced Staff Training
AWO2
Sampling & Other Substantive Tests of Detail – 3 Credits (Auditing)




Describe various tests of details
Describe common audit approaches when using tests of details
Select the appropriate audit approach
Plan and implement the selected approach, including nonstatistical sampling
Auditing Estimates and Accruals – 2 Credits (Auditing)



Identify common estimates and accruals
List three general approaches to auditing estimates
Determine the approach most likely to be selected for a given estimate
Advanced Documentation — .5 Credits (Auditing)

Understand the requirements of AU-C 230, Audit Documentation
Financial Reporting – 4 Credits (3 Credits Accounting, 1 Credit Auditing)



Prepare a statement of cash flows
Understand various reporting requirements
List and identify common issues encountered while preparing and updating the financial statements
Accounting and Review Services – 2 Credits (Accounting)



Describe the differences between compilation, review and preparation engagements
Understand and communicate management’s responsibilities versus the accountant’s responsibilities
Summarize the requirements in each type of engagement relating to procedures performed, documentation and
reporting
Summary: Best Practices for the Experienced Staff – 0.5 Credits (Auditing)


List best practices discussed in the course
Describe ways skills learned in this program will be applied in the upcoming year
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BEGINNING IN-CHARGE TRAINING
AWO3
This session prepares auditors to take in-field responsibility for an audit engagement. It mixes discussion with case studies
to provide an in-depth look at designing and completing the key steps in an audit. There is heavy focus on completing the
risk assessment procedures and making appropriate risk assessments. We include case study work on understanding,
evaluating, and verifying a client’s activity level controls within key business cycles. This session also includes multiple
interrelated modules on key business skills used by in-charge accountants, including supervising individuals and reviewing
files.
REQUIRED KNOWLEDGE AND EXPERIENCE: 21-36 months
ADVANCED PREP: None
FIELD OF STUDY: Auditing, 22 hrs.; Communication, 2 hrs.
Introduction and Role of the In-Charge – 1 Credit (Auditing)

Identify important skills and characteristics of the best performing in-charge accountants
Planning Your Audit – 8 Credits (Auditing)




Obtain an understanding of the entity and its environment, including internal controls
Assess risks of material misstatement at the overall and assertion levels
Facilitate an engagement team meeting
Design sufficient and appropriate audit procedures to respond to the assessed risks
Engagement Tips – 2 Credits (Auditing)



List key principles for creating effective “prepared by client” lists.
List efficient engagement wrap-up techniques and describe in what situations they might be most effective.
Describe basic engagement economic terms and concepts.
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AuditWatch University Level 3: Beginning In-Charge Training
AWO3
Super Staff Supervision – 4 Credits (Auditing)



Describe the importance of effective supervision and understand supervision styles
Identify and apply different teaching methods
Describe the need for and process of delegation
Communication and Information Gathering – 2 Credits (Communication)



Clearly communicate to staff and others
Describe techniques for effectively interviewing clients and processing the information obtained from inquiries
Listen actively in order to increase participants’ understanding of essential information
Reviewing Workpapers – 3 Credits (Auditing)




Understand the requirements of AU-C 230, Audit Documentation
Describe the purpose of a detailed review
Perform a detailed review
Write productive review notes
Effective Analytics – 3.5 Credits (Auditing)



Describe the principles of designing great substantive analytical procedures
List common sources for developing independent expectations
Document results of substantive analytical procedures
Summary: Best Practices - .5 Credits (Auditing)


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EXPERIENCED IN-CHARGE TRAINING
AWO4
This course moves experienced auditors beyond the basics. The session builds upon experiences with running
engagements and provided insights and best practices on supervising, motivating, and evaluating team members. The
course challenges experienced auditors to improve the effectiveness and efficiency of their audit engagements through
exercises and case studies on common audit scenarios. It also provides an in-depth look at audit tasks typically performed
by more experienced team members, such as evaluating design of controls, responding to risks, designing audit programs,
and tests of controls.
REQUIRED KNOWLEDGE AND EXPERIENCE: 3 - 4 years
ADVANCED PREP: None
FIELD OF STUDY: Auditing, 22.5 hrs.; Accounting, 1.5 hrs.
Introduction and Role of the Experienced In-Charge Auditor – 1 Credit (Auditing)

Identify the most significant challenges facing experienced in-charge auditors
The Supervision Competency – 6 Credits (Auditing)

Define competency and list its components

Share, reflect upon, and self-assess supervisory skills

Address concerns and challenges, including:
o Selecting an appropriate leadership style
o Creating and motivating teams
o Managing subordinates
o Providing oral and written feedback
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AuditWatch University Level 4: Experienced In-Charge Training
AWO4
Advanced Topics in Audit Planning – 6 Credits (Auditing)




Explain how to effectively and efficiently plan an audit engagement
Identify critical auditing concepts to teach to engagement team members
Effectively and efficiently gain an “understanding” of internal controls
Discuss best practices in facilitating planning meetings
Creating and Modifying Audit Programs – 1.5 Credits (Auditing)


Evaluate audit procedures for effectiveness in achieving audit goals
Facilitate the development and customization of further audit procedures
Designing Better Analytics and Tests of Controls – 3 Credits (Auditing)





Evaluate analytics for effectiveness in achieving audit goals and efficiency opportunities
Design better substantive analytical procedures and improve documentation
Teach the engagement team how to better develop, execute, and interpret analytical results
Determine when and how to design tests of operating effectiveness of internal controls
List methods available to test controls
Identifying and Responding to Fraud Risks – 1.5 Credits (Auditing)




List common fraud risks at small companies
Design tailored audit responses to fraud risks
Identify specific tests to search for fraud
Incorporate the use of technology in fraud responses
Engagement Economics– 1.5 Credits (Auditing)



Understand the basic principles of profitable engagement management
Leverage budgets to maximize realization and firm profits
Learn techniques to more effectively communicate engagement status
Evaluating, Concluding & Reporting – 1.5 Credits (Auditing)




Evaluate misstatements and control deficiencies and perform required responses
Explain the requirements, evaluate, and report in compliance with of AU Section 265 (Communicating Internal Control
Matters)
List resources that generate insightful management letter comments
Use a structured model to draft control deficiencies and business advice comments for management
Current Issues in Accounting and Auditing – 1.5 Credits (Accounting)


List and describe significant new accounting or auditing pronouncements and the audit risks they may introduce
Recognize when new technical literature might generate a potential risk of material misstatement on their audits
Summary: Best Practices for the Experienced In-Charge - .5 Credits (Auditing)


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AUDITWATCH UNIVERSITY – LEVEL 4.5:
BEYOND IN-CHARGE, “TAKING THE NEXT STEP”
AWO45
This course prepares experienced auditors to take the next step in their development as engagement and firm
leaders. Building on the concepts introduced in Level 4: Experienced In-Charge Training, the course challenges auditors to
champion the audit process by developing efficient audit plans, managing the audit process working with clients, dealing with
complex accounting and audit issues, and wrapping up engagements. Course material also addresses key issues in
performing review and compilation engagements, using special purpose frameworks, and recognizing advanced financial
reporting issues.
REQUIRED KNOWLEDGE AND EXPERIENCE: 4-5 years
ADVANCED PREP: None
FIELD OF STUDY: Auditing, 9.5 hrs.; Accounting, 1 hr.; Communication, 2 hrs.; Personal Development, 3.5 hrs.
Introduction and Summary – 1.5 Credits (1 Credit Auditing, .5 Credits Personal Development)



Identify ways in which the audit can be improved from both efficiency and quality perspectives
Identify ways in which the management of the engagement can be improved
Summarize the key learning points of the course
Audit Efficiency Best Practices – 4 Credits (Auditing)



Describe and teach basic audit concepts to staff
Perform more efficient and effective engagements
Share ideas with your firm and with your teams to look at engagements in different ways
Recognizing Financial Reporting, Auditing & Accounting Issues – 2 Credits (1 Credit Auditing, 1 Credit
Accounting)



Recognize when complex technical issues might indicate a risk of material misstatement on your audits
List and describe ways to identify technical auditing and accounting issues early to improve efficiency on engagements
List and describe significant new accounting or auditing pronouncements and the audit risks they may introduce
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AuditWatch University Level 4.5: Beyond In-Charge, “Taking The Next Step”
AWO45
Attest Services for Smaller Entities – 1.5 Credits (Auditing)



List and describe considerations as a reviewer for Review and Compilation engagements
Understand engagement and reporting differences for Special Purpose Frameworks of accounting
Discuss efficiency considerations related to Compilations, Reviews, Preparation and Special Purpose Framework
engagements
Wrapping-Up the Audit – General Audit Procedures – 2 Credit (Auditing)



Apply advanced concepts in performing General Auditing Procedures
Recognize best practices in assigning roles and responsibilities
List and describe efficiency tips for performing General Auditing Procedures
Making Your Meetings Effective and Efficient – 2 Credits (Communication)



List and explore meeting design and execution strategies
Understand techniques to improve your meeting facilitation skills
List and apply tools to make your meetings more effective and efficient
Project Management Tools for Auditors – 3 Credits (Personal Development)



Define the common phases of a project in the public accounting environment
List actions and strategies for better management of your audits and projects
Understand tools to better communicate project status
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MOVING BEYOND IN-CHARGE, “TAKING THE
LEAD”
AWO5
In this course participants reach beyond technical expertise to develop critical managerial skills to further their firm’s success.
Participants learn results oriented leadership skills to better manage multiple engagements and teams. Through a series of
individual and group activities, participants explore ways to be more effective in improving engagement performance.
Participants will leave with specific individual professional development goals that may be integrated with their firm’s
performance management model. Course also includes presentation skills, business development, and career success
strategies.
REQUIRED KNOWLEDGE AND EXPERIENCE: 5 – 6 years
ADVANCED PREP: None
FIELD OF STUDY: Personal Development, 19 hrs.; Communication, 5 hrs.
Introduction – 1 Credit (Personal Development)

Identify current and upcoming roles and responsibilities that require their strong, competent leadership
Leadership – 5.5 Credits (Personal Development)



List and apply key leadership skills
Identify and analyze personal leadership traits using a four quadrant behavioural matrix model
Explain how to inspire and influence others to achieve results through coaching and performance management
Business Development – 3 Credits (Personal Development)




Define the key elements in delivering exceptional client service
Describe techniques for managing growth through client service
Learn to identify new business opportunities to increase firm revenues
Identify and apply methods to create and develop referrals
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AuditWatch University Level 5: Moving Beyond In-Charge, “Taking The Lead”
Career Success Strategies – 3 Credits (Personal Development)



Explore opportunities to accelerate professional development while achieving greater work life balance
Learn and apply a structured model to set and achieve goals
Identify and practice techniques to execute multiple engagements and assignments with changing priorities and
deadlines
Engagement Economics – 1.5 Credits (Personal Development)



Identify the basic principles of profitable engagement management
Leverage budgets to maximize realization and firm profits
Learn techniques to achieve greater results using the resources you have now
Advanced Communication and Negotiation Essentials – 3 Credits (2 Credits Personal Development, 1
Credit Communication)



Gain techniques to communicate more effectively
Learn skills to handle challenging conversations
Describe and apply collaborative negotiation skills that enable business success
Presentation Skills – 6 Credits (2 Credits Personal Development, 4 Credits Communication)


List and explore the characteristics of effective presenters
Using proven techniques, organize and deliver an engaging live presentation
Summary: The Professional Development Plan – 1 Credit (Personal Development)



List opportunities for professional growth discovered in the course
Discuss how skills learned will be applied when you return to your firm
Complete a professional development plan to be used in the upcoming year
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AWO5
DEVELOPING THE EXECUTIVE WITHIN
AWO6
This course develops individuals who consistently interact and manage at the executive level. By learning and applying a
variety of methods, participants enhance their effectiveness as emerging executives. Participants also explore how to
increase their technical and managerial contributions to their firm through higher level performance. By analyzing the concept
of executive presence, participants discover why it is such a critical component of business success and career advancement.
REQUIRED KNOWLEDGE AND EXPERIENCE: 6+ years – Partners
ADVANCED PREP: None
FIELD OF STUDY: Personal Development, 16 hrs.
Introduction – 1 Credit (Personal Development)

Explore and discuss the fundamentals of Executive Presence
Using Emotional Intelligence to Achieve Success – 2 Credits (Personal Development)



Recognize the main components of Emotional Intelligence (EI)
Practice EI fundamentals through a series of interactive discussions and exercises after an in-depth self-assessment
Learn how EI is applied to enhance work relationships, performance and productivity
The Multi-Generational Workplace – 2 Credits (Personal Development)



Understand the generations that make up the current workforce
Explore key differences, characteristics and behaviours of each generation
Learn techniques and strategies for effective interactions with multi-generational teams in the public accounting
environment
Performance and Talent Management – 2 Credits (Personal Development)



Discuss and explore the dynamics of performance and talent management in the public accounting industry
Explain how to identify and develop talent in individuals to maximize their performance and professional growth
Gain insight on best practices to develop and retain staff
800.387.1120
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AuditWatch University Level 6: Developing The Executive Within
AWO6
Developing Executive Presence – 4 Credits (Personal Development)



Identify the elements of Executive Presence
Identify the behaviours necessary to maximize interaction and communication at the executive level
Apply techniques learned to develop and deliver a brief, engaging executive-level presentation
Building New Business – 4 Credits (Personal Development)



Explore important concepts related to developing new business
Apply structured techniques to plan for and develop business growth
Practice the art of gaining new business through a series of interactive skill building activities
Summary: Taking Your Career to the Next Level – .5 Credits (Personal Development)


List opportunities for professional growth discovered in the course
Discuss how skills learned will be applied when you return to your firm
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WEB-BASED NEW HIRE TRAINING
AWW1
This course is a series of modules adapted from AuditWatch University Level 1 designed for new auditors and delivered on
WebEx, a web-based, interactive learning platform. The course includes live instruction by an AuditWatch instructor
combining lecture, interactive exercises, discussion and question and answer sessions. The course covers topics most
important for new staff at an audit firm.
This program is available for sale to firms and will also be presented as a public web seminar.
LEARNING OBJECTIVE: To enable participants to complete typical tasks assigned to new staff auditors.
COURSE FEATURES:



Overview of the audit process and plan
Case studies in audit areas typically assigned to new staff
Convenient format via web
DESIGNED FOR: New staff auditors with 0 – 6 months of auditing experience.
REQUIRED KNOWLEDGE AND EXPERIENCE: Participants should have basic accounting knowledge.
COURSE TYPE: Webinar
ADVANCED PREP: None
RECOMMENDED CPE CREDIT: 16 hrs. (8 hrs. per day)
COURSE LEVEL: Basic
FIELD OF STUDY: Auditing, 16 hrs.
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Web-Based New Hire Training
AWW1
MAJOR TOPICS:
Role of the Staff Accountant and Scope of Services – 2.0 Credits (Auditing)


Identify basic roles and responsibilities of staff accountants in the public accounting industry
Describe key differences between an audit, a review, compilation, preparation of financial statements, and accounting
services
Identify attest procedures versus accounting services
Describe tips for professionalism and communication best practices as a staff auditor


Workpaper Documentation and Audit Procedures – 2 Credits (Auditing)




Explain the requirements of AU-C 230, Audit Documentation
Create, organize, and prepare audit workpapers
Describe accepted types of audit evidence
Describe accepted types of auditing procedures
Introduction to the Audit Plan – 2 Credits (Auditing)



Describe the key phases of the audit plan
List basic requirements of risk assessment procedures
Discuss the objectives and contents of key planning forms
Common Audit Areas – 10 Credits (10 Credits Auditing)
 (Cash, A/R, PP&E, Inventory and A/P)
 Identify and explain the basic audit risks
 Perform common audit procedures and explain how the procedures address documented risks and assertions
NOTE: Participants of the course should have access to a reliable internet connection and a phone line. The session can be presented to a
group; however there must be a group moderator to receive CPE credit and to participate in exercises during the live-group session.
800.387.1120
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TAXWATCH UNIVERSITY TAX STAFF
TRAINING—LEVEL 1
TX1F
This practical, hands-on program is designed for tax professionals with limited tax experience and knowledge. This course
provides learning opportunities surrounding common individual and corporate tax topics that they may encounter. The course
is designed to provide information on the tax rules and to challenge the participants to complete case studies and exercises
where participants apply the rules and complete actual tax forms.
LEARNING OBJECTIVE: To enable participants to prepare basic individual and corporate tax returns and to begin to
recognize more complex tax issues.
COURSE FEATURES:




Individual forms and rules
Corporate returns and rules
Case studies and practice completing common forms
Introduction to common terms and tax situations
DESIGNED FOR: Tax staff in public accounting with 0–1 year of experience.
REQUIRED KNOWLEDGE AND EXPERIENCE: Basic knowledge of individual income taxation.
ADVANCED PREP: None
COURSE LEVEL: Basic
FIELD OF STUDY: Taxation
800.387.1120
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TaxWatch University Tax Staff Training – Level 1
TX1F
MAJOR TOPICS:
INDIVIDUAL






Filing status
Personal exemptions
Income
o Wages and salaries
o Interest and dividend income
o Pension and retirement income
o Securities transactions
o Other income items
Adjustments to income
Itemized deductions
o Standard deduction
o Medical expenses
o Deductible taxes
o Interest expense
o Charitable contributions
o Other itemized deductions
Credits, payments and other Topics
o Personal credits
o Tax payments
o Filing returns
SOLE PROPRIETORSHIPS




Schedule C
Tax accounting methods
Depreciation
Self-employment tax
RENTAL PROPERTY


Schedule E
Passive activities
CORPORATIONS




S Corporations
Limited Liability Companies
Preparing a corporate tax return
Book to tax reconciliations (M-1 and M-3)
THE ROLE OF THE STAFF ACCOUNTANT



Understanding the role of a staff accountant in an accounting firm
Workpaper preparation techniques
Performing a self-review
800.387.1120
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TRAINING—LEVEL 2
TX2F
This practical, hands-on program is designed for tax professionals in their first or second year. This course provides learning
opportunities on intermediate corporate, individual, and other entity type tax topics. The course is designed to both provide
information on the tax rules and to challenge the participants to complete case studies and exercises where they apply the
rules and complete tax forms. Topics covered also include time management, engagement management and conducting
client interviews.
LEARNING OBJECTIVE: To enable participants to prepare more complex individual and corporate tax returns in a more
efficient and effective manner and be familiar with key tax rules impacting individuals and business entities. To help
participants develop and refine vital time management, engagement management and client interviewing skills.
COURSE FEATURES:









Corporate forms and rules
Individual forms and rules
Depreciation including the new capitalization regulations
Sale of assets used in trade or business
Case studies and practice completing forms
Discussion of other types of entities and tax issues
Time management
Interviewing skills
DESIGNED FOR: Tax staff in public accounting with 1–2 years of experience.
REQUIRED KNOWLEDGE AND EXPERIENCE: Basic knowledge of individual taxation. Completion of PPC Tax
Staff Training—Level 1 or equivalent is recommended.
ADVANCED PREP: None
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TX2F
MAJOR TOPICS:
C CORPORATIONS





Capital gains and losses
Compensation
NOLs –AMT
Schedules L, M-1, M-2, M-3, and E&P
Other, including controlled groups and related party transactions
S-CORP




Filing, repairing election, terminating
Shareholder basis and distributions
Schedules L, M-1, and M-2
Income, expenses, and AMT
PARTNERSHIP AND LLPs






Introduction to these types of entities
Formation, tax year, and accounting methods
Self-employment tax
Schedule K-1 and various M schedules
Pass-through items
Capital and basis
INDIVIDUAL (INTERMEDIATE LEVEL TOPICS)







Pensions
Proprietorships
Travel and entertainment
Kiddie tax
Personal credits
Disposal of business assets (Form 4797)
Depreciation including the new capitalization regulations
TIME MANAGEMENT



Time management strategies
Short-term goals
Prioritization
ENGAGEMENT MANAGEMENT

Managing client projects
INTERVIEWING SKILLS


Preparing for client interviews
Performing verbal client inquiries
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TRAINING—LEVEL 3
TX3F
This practical, hands-on program is designed for tax professionals with multiple years’ experience. This course provides
learning opportunities on intermediate to advanced partnership, LLC, corporate, and individual topics. The course is designed
to provide information on the tax rules and includes case studies and exercises, which challenge participants to apply the
rules and complete actual tax forms.
LEARNING OBJECTIVE: To enable participants to handle partnerships, LLCs and estate and trust issues as well as
individual and corporate events in a more efficient and effective manner.
COURSE FEATURES:






Complex entity structures
Advanced individual and corporate issues including S corporations
Case studies, exercises, and practice completing select key forms
Time management
Communication
DESIGNED FOR: Tax staff in public accounting with 2–3 years of experience.
REQUIRED KNOWLEDGE AND EXPERIENCE: Basic knowledge of taxation of estates and trusts, S corporations,
partnerships and LLCs. Completion of PPC Tax Staff Training—Levels 1 and 2 or equivalent is recommended.
ADVANCED PREP: None
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TX3F
MAJOR TOPICS:
PARTNERSHIPS AND LLCs






Joint Ventures
Capital and basis
Section 754
Passive activity losses
Distributions and terminations
Outside Basis (including at-risk basis)
TIME MANAGEMENT


ENGAGEMENT MANAGEMENT




OTHER ENTITIES AND TOPICS







Estates and trusts
IRD
Form 1041 deductions
Fiduciary accounting
Beneficiaries
Grantor trusts
Foreign issues



At risk rules
Personal holding company
Business credits
C-Corp liquidations
Stock dispositions
Changes in structure
Shareholder Basis (including debt basis)
INDIVIDUALS




Below market loans
AMT (in-depth)
Business credits
800.387.1120
Planning
Budgeting
Client prepared schedules
Time outside of busy season
COMMUNICATION
C-CORPS and S-CORPS




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Time management strategies
Prioritization
72
Providing instructions to interns, new staff and others
Client interviewing skills
Questioning and listening techniques
TRAINING—LEVEL 4
TX4F
This program is designed to advance a tax professional into more complex taxation issues. The program includes sessions on
tax planning and saving strategies related to individuals and corporations. It also provides additional training on technical tax
issues mainly related to pass-through entities and more advanced corporate and individual issues.
LEARNING OBJECTIVE: To provide participants the technical knowledge important to working with clients in a tax
advisory role.
COURSE FEATURES:








Corporate tax advanced topics
Individual tax advanced topics
Partnership and LLC advanced topics
Tax planning strategies
Estate and gift taxation basics
Project management
Leadership and supervision
Ethics
DESIGNED FOR: Tax professionals with 3 or more years of experience.
REQUIRED KNOWLEDGE AND EXPERIENCE: Intermediate knowledge of individual and corporate taxation.
Completion of PPC Tax Staff Training—Levels 1–3 or equivalent is recommended.
ADVANCED PREP: None
COURSE LEVEL: Intermediate/Advanced
800.387.1120
73
TX4F
MAJOR TOPICS:
PARTNERSHIPS AND OTHER ENTITIES






PROJECT MANAGEMENT
Formation and basis considerations
Guaranteed payments
Basis, including Sec. 754 election
Special allocations, elections, and distributions
LLC members and self-employment tax
Business succession, termination or liquidations,
buy-sell agreements



LEADERSHIP AND SUPERVISION





CORPORATE STRUCTURES












Selecting accounting methods, and tax year
Formation of entity
Stock incentives
Personal service corporations and personal
holding companies
Accumulated earnings, excessive passive income,
and AMT taxes
Built in gains tax
Qualified subchapter S corporation subsidiaries
Buying/selling a business
Installment sales
Liquidations
Fringe benefit, stock option, and retirement plans
Nexus









Capital gains planning (including 3.8% net
investment income tax)
Rental and passive activities
Self employment tax
Alternative minimum tax
Individual and self-employed persons retirement
accounts
Debt discharge (COD)
Beneficiary designations
Divorce
Education planning
Decedent’s final return
OTHER TAX PLANNING TOPICS




Choice of business entity considerations
Lifetime giving strategies and charitable giving
Consideration of trusts (basics)
Estate planning (basics)
800.387.1120
Leadership styles
Motivation
Feedback
Delegation
On-the-job learning
ETHICS
INDIVIDUAL

Five common phases of project management
Steps within each phase of project management
Actions and strategies for effectively managing
projects
74
TRAINING—LEVEL 5
TX5F
This program is designed for seasoned tax professionals who would like to develop skills in areas beyond the technical arena.
This program focuses on business skills critical for professionals, such as practice development, management, and
communication. In addition, the course contains timely technical tax topics and updates as appropriate.
LEARNING OBJECTIVE: To enable participants to contribute to their firm through application of enhanced leadership,
communication, and practice development skills.
COURSE FEATURES:




Leadership skills assessment
Personal productivity and other individual skill development
Case studies, exercises, and practice applying the important skills addressed within this program
Technical tax update material
DESIGNED FOR: Experienced tax professionals
REQUIRED KNOWLEDGE AND EXPERIENCE: Multiple years experience in public accounting and current or pending
supervisory/managerial responsibilities.
ADVANCED PREP: None
FIELD OF STUDY: Personal Development 12 hrs.; Communication 1 hr.; Taxation 3 hrs.
800.387.1120
75
Tax Watch University Tax Staff Training – Level 5
TX5F
MAJOR TOPICS:
Leadership



List and apply key leadership skills
Understand and analyze personal leadership traits using a widely accepted four quadrant behavioral matrix model
Understand how to inspire and influence others to achieve results through coaching and performance management
Business Development




Define the key elements in delivering exceptional client service
Describe techniques for managing growth through client service
Learn to identify new business opportunities to increase firm revenues
Understand and apply methods to create and develop referrals
Career Success Strategies



Explore opportunities to accelerate professional development while achieving greater work life balance
Learn and apply a structured model to set and achieve goals
Identify and practice techniques to execute multiple engagements and assignments with changing priorities and
deadlines
Advanced Communication and Negotiation Essentials



Gain techniques to communicate more effectively
Learn skills to better handle challenging conversations
Describe and apply collaborative negotiation skills that enable business success
Tax Update


Current technical tax update
Expected impact of current or pending changes
800.387.1120
76
IN-HOUSE SEMINARS
CURRENT DEVELOPMENTS IN ACCOUNTING
AND AUDITING
AAMF
The accounting profession continues to evolve as standard setting bodies evaluate new standards and re-evaluate old ones.
This module focuses on recent pronouncements from standard setting bodies, including the AICPA and FASB that affect
accounting, auditing, and financial reporting for business entities. Emphasis is placed on knowledge and awareness of the
new standards and pronouncements.
LEARNING OBJECTIVE: To provide participants with an understanding of new accounting and auditing standards and
developments that affects the preparation of financial statements and the conduct of audits
MODULE FEATURES:



Review of new accounting pronouncements
Review of recently issued auditing standards and practice guidance
Consideration of outstanding exposure drafts and emerging issues
ADVANCED PREP: None
FIELD OF STUDY: Accounting, 3 hrs.; Auditing, 1 hr.
800.387.1120
77
IN-HOUSE SEMINARS
AUDIT SAMPLING
ASMF
This module provides a high level overview of the use of audit sampling in an audit. It provides tips for the most efficient and
effective approach to audit sampling and is based on the PPC audit sampling practice aids.
LEARNING OBJECTIVE: To increase participant’s effective and efficient use of audit sampling.
MODULE FEATURES:



Overview and tips for using PPC Practice Aids
Sample planning and evaluation for substantive tests
Sample planning and evaluation for tests of controls
ADVANCED PREP: None
COURSE LEVEL: Basic
800.387.1120
78
IN-HOUSE SEMINARS
ADVANCED TOPICS IN AUDITING GOVERNMENTAL
ENTITIES
AUGF
This session focuses on advanced accounting and auditing issues unique to performing audits of governmental entities.
Topics include common practice and implementation issues relating to recent standards and recent risk alerts.
LEARNING OBJECTIVE: To perform more efficient and effective audits of governmental entities.
COURSE FEATURES:


Using certain PPC forms and practice aids in performing governmental organization audits
DESIGNED FOR: Auditors in public practice that are responsible for performing audits of governmental entities.
REQUIRED KNOWLEDGE AND EXPERIENCE: Basic knowledge and experience with governmental GAAP
ADVANCED PREP: None
FIELD OF STUDY: Accounting, (Governmental), 2 hrs.; Auditing (Governmental), 2hr.; Qualifies for Yellow Book CPE
800.387.1120
79
IN-HOUSE SEMINARS
ADVANCED TOPICS IN AUDITING NONPROFIT
ORGANIZATIONS
AUNF
This module focuses on advanced accounting and auditing issues unique to performing audits of nonprofit organizations.
Topics include common practice and implementation issues relating to recent standards and recent risk alerts.
LEARNING OBJECTIVE: To perform more efficient and effective audits of nonprofit entities.
COURSE FEATURES:


Using certain PPC forms and practice aids in performing nonprofit organization audits
DESIGNED FOR: Auditors in public practice that are responsible for performing audits of nonprofit organizations.
REQUIRED KNOWLEDGE AND EXPERIENCE: Basic knowledge and experience with nonprofit GAAP
ADVANCED PREP: None
FIELD OF STUDY: Accounting, 2 hrs; Auditing, 2 hrs.
800.387.1120
80
IN-HOUSE SEMINARS
KEY ISSUES IN COMPILATION, REVIEW, AND
FINANCIAL STATEMENT PREPARATION
ENGAGEMENTS
CRMF
This module addresses some of the key issues involved in conducting compilation and review engagements; including
guidance related to the new financial statement preparation service. Upon completion of this module participants will be able
to identify and effectively address key issues that affect the conduct of compilation, preparation, and review engagements.
LEARNING OBJECTIVE: To enable participants to recognize and appropriately address certain key issues, which affect
compilation and review engagements.
MODULE FEATURES:

Recent developments; including clarified SSARS 21 standards

Discussion of the new financial statement preparation service

AICPA’s Compilation and Review Alert
ADVANCED PREP: None
COURSE LEVEL: Basic
800.387.1120
81
IN-HOUSE SEMINARS
PROFESSIONAL ETHICS FOR ACCOUNTANTS—
SELECTED TOPICS UPDATE
ETMF
This module is designed to enhance your understanding of morality and ethics, ethical principles, and the moral decisionmaking process. The criteria for ethical decision-making will be discussed along with the framework for making moral
decisions. Discussion will also include quality control requirements and a review of the AICPA Code of Professional Ethics.
LEARNING OBJECTIVE: To enable participants to implement a personal decision-making process to resolve ethical
issues.
MODULE FEATURES:


Ethics and ethical behavior in business decision-making
Review of the AICPA
DESIGNED FOR: CPAs and individuals at all organizations and at all organizational levels.
REQUIRED KNOWLEDGE AND EXPERIENCE: None.
ADVANCED PREP: None
COURSE LEVEL: Basic
FIELD OF STUDY: Regulatory Ethics, 1 hr.; Behavioral Ethics, 1 hr.
800.387.1120
82
IN-HOUSE SEMINARS
FASB UPDATE
FAMF
This module is designed for accountants in public practice or industry who need to brush up on recent accounting pronouncements that affect financial reporting. The latest accounting standards updates, exposure drafts, and guidance will be
discussed.
LEARNING OBJECTIVE: To enable participants to understand recent accounting changes important to accountants in
industry.
MODULE FEATURES:



Review of new accounting pronouncements
Consideration of outstanding exposure drafts and emerging issues
Review of special accounting and reporting problems
COURSE LENGTH: 4hrs.
ADVANCED PREP: None
800.387.1120
83
IN-HOUSE SEMINARS
FINANCIAL STATEMENT DISCLOSURES
FSMF
Authoritative pronouncements mandate many types of disclosures but do not mandate the manner of presentation. Some
disclosures are best presented in separate notes rather than in the basic financial statements. This module examines the
requirements, form, and style of required financial statement disclosures.
LEARNING OBJECTIVE: To enable participants to identify and properly develop mandatory financial statement
disclosures.
MODULE FEATURES:





Form and style considerations
Determining necessary disclosures
Common problems in preparing frequent disclosures
Common problems in preparing general disclosures
The disclosure checklist
ADVANCED PREP: None
COURSE LEVEL: Basic
800.387.1120
84
IN-HOUSE SEMINARS
GOVERNMENTAL ACCOUNTING AND AUDITING
UPDATE
GVMF
This update will focus on recent pronouncements that affect the financial accounting and auditing for governmental units.
Emphasis will be on practical application of the new standards and pronouncements. Course features include: accounting
standards affecting governmental organizations, new auditing standards and new OMB requirements.
LEARNING OBJECTIVE: To provide participants with an understanding of new accounting and auditing standards
applicable to governmental units.
MODULE FEATURES:



Accounting standards affecting governmental organizations
New auditing standards
New GAO and OMB requirements
ADVANCED PREP: None
FIELD OF STUDY: Accounting (Governmental), 2 hrs.; Auditing (Governmental), 2 hrs.; Qualifies for Yellow Book CPE
800.387.1120
85
IN-HOUSE SEMINARS
NONPROFIT ACCOUNTING AND AUDITING
UPDATE
NPMF
This update will focus on recent pronouncements that affect the financial accounting and auditing for nonprofit organizations.
Emphasis will be on practical application of the new standards and pronouncements. Discussion will also include new GAO
and OMB requirements.
LEARNING OBJECTIVE: To provide participants with an understanding of new accounting and auditing standards
applicable to nonprofit organizations.
MODULE FEATURES:



Accounting standards affecting nonprofit organizations
New auditing standards
New GAO and OMB requirements
ADVANCED PREP: None
FIELD OF STUDY: Accounting, 2 hrs.; Auditing, 2 hrs.
800.387.1120
86
In‐HouseInstructors
Pete Bieghler, CPA, specializes in providing audit effectiveness
and efficiency training, as well as additional training services for
accounting firms and government agencies throughout North
America.
AW Before joining AuditWatch, Pete was a Senior Audit Manager at
Katz, Sapper & Miller (KSM) in Indianapolis. At KSM, he was a
member of the firm’s Audit Efficiency Task Force. Prior to KSM,
Pete was an Audit Manager at Crowe Chizek in Elkhart, IN and
Indianapolis, IN.
Pete is a member of the American Institute of Certified Public
Accountants. He earned his undergraduate degree from Ball State
University.
Wendy Hassiepen, CPA, owns a Certified Public Accounting Firm in
Newark Delaware that provides tax consulting and compliance
services for individuals and small businesses in the Mid-Atlantic
region. Wendy’s focus is on high wealth individual return preparation
as well as practice management.
Wendy was previously with KPMG in Philadelphia, PA as well as a
local firm in Delaware. She also has many years of banking
management to her credit.
TW Wendy graduated from the University of Delaware with a Bachelor’s
degree in Accounting. Wendy is a member of the Delaware Society of
Certified Public Accountants and an Adjunct Professor at the
Delaware Technical and Community College.
87
Wayne Kerr, CPA, is a senior consultant for Thomson Reuters. His
duties include developing new CPE products, managing course
content, teaching A&A Update courses and consulting with firms
throughout the country.
AW Wayne specializes in audit methodology and audit productivity
consulting; working with firms to improve audit quality and
efficiency, develop, refine and implement audit methodologies, and
reengineer audit strategies and testing approaches.
Before joining Thomson Reuters, Wayne worked for Grant Thornton;
serving audit clients in various industries. He also had quality
assurance duties and training responsibilities for his business unit.
Wayne is a member of the American Institute of Certified Public
Accountants and holds BS and MA degrees from Brigham Young
University.
Jennifer M. Kowal, JD, has been a tax professor and the director of
the graduate tax program at Loyola Law School in Los Angeles since
2003. Loyola’s graduate tax program offers an LLM in Taxation for
attorneys and a Master in Tax Law for non-lawyers. Professor Kowal
teaches courses in advanced income taxation, income tax timing
issues, corporate taxation, and tax research, among others.
TW Prior to teaching at Loyola, Professor Kowal taught in the
International Tax Program at Harvard Law School. She also practiced
law with the firms of Irell & Manella in Los Angeles and Ropes &
Gray in Boston, advising clients on the taxation of various business
transactions, including cross-border, partnership and corporate
structures. Professor Kowal holds a BS in Accounting with distinction
from the University of Kansas, and a JD from UCLA School of Law
where she was a member of the Order of the Coif.
88
Sonya Laney, CPA, is an experienced instructor of tax staff training.
Sonya owns and operates her own accounting and tax practice, where
she prepares corporate, personal and estate and gift returns.
Additionally, she assists her clients in performing corporate
accounting, payroll services, and general business support to corporate
clientele.
TW Her clients include corporations in the construction, education,
service, restaurants, bars, engineering and professionals, medical, and
consulting fields. She also represents clients in IRS and Sales and Use
tax audits.
Sonya graduated from Stetson University with both Bachelor’s and
Master’s degrees. She is also a professor at Stetson University in
DeLand, FL. Sonya is Vice Chairperson for the City of Port Orange
Civil Employees Pension Board, holds a seat on the City of Port
Orange Planning Commission and Districting Commission, and is a
member of the FICPA and AICPA.
PPC Susan C. Longo, CPA, provides financial reporting services to
industry and CPA practices throughout the United States and Canada.
After graduating from the University of Michigan, she joined a
national accounting firm, where she received extensive auditing
experience with governmental agencies, Fortune 500 companies, and
in business consulting. She also has been associated with practices in
Pennsylvania, New Jersey, Michigan, and Texas. She served as
director of development for the AICPA and as accounting
department/MBA chair for two universities. She has expertise in
compliance auditing for nonprofit organizations, governmental
entities, employee benefit plans, HUD, financial institutions, CIRAs,
and contractors.
She has authored, edited, and instructed courses in accounting,
auditing, nonprofits, and governmental entities for PPC and other
leading providers in the continuing professional education field. She
has been recognized as an “Outstanding Instructor” by numerous state
CPA societies.
89
Troy Manning, CPA, has over twenty years of diverse experience in
the government and the not-for-profit sectors. As a former partner at a
regional public accounting firm, she provided audit, accounting and
consulting services to cities, counties, school districts, special purpose
governments and various types of not-for-profit organizations. She
also has extensive experience in compliance requirements related to
the federal single audit.
AW Recognized as a government and not-for-profit expert, Troy has been a
featured speaker at many seminars and has authored articles related to
the public sector that have been published in the Florida CPA Today
magazine and the AICPA Journal of Accountancy.
Troy received her Bachelor of Business Administration from Florida
International University and her Master of Accounting from Nova
University. She is a member of the American Institute of Certified
Public Accountants (AICPA). Troy is also a member of the Florida
Institute of Certified Public Accountants (FICPA), where she served
for eight years on the Accounting Principles and Auditing Standards
Committee and has served on the Editorial Committee of the Florida
CPA Today magazine for nine years.
Chris Martin, CPA, has been with AuditWatch since 2003.
AW Prior to working with AuditWatch, Chris’s public accounting career
included such positions as Senior Manager at Andersen, where he
specialized in manufacturing, distribution, and logistics, and as CFO
for an SEC-registered communications company. At Andersen, Chris
was also a regular faculty member at its Worldwide Centre for
Professional Education. Immediately prior to joining AuditWatch, he
worked as a financial, management and accounting entrepreneur in the
southeast US and Hamilton, Bermuda.
Chris received his finance and accounting education at The Florida
State University in Tallahassee, Florida.
90
Sunish Mehta is a Management Consultant with over 20 years of
experience in Advisory and Assurance services. Sunish has his own
consulting practice based in Southern California. Prior to this he has
worked at Ernst & Young, PricewaterhouseCoopers & IBM Global
Business Services.
AW He has also instructed courses in Financial Auditing and Accounting
on an adjunct basis for the UCLA Certification of Accounting
Program. He graduated with a B.S. in Business Administration from
the California State University, Northridge. He is a CPA, CGMA and
CITP from California.
Nate Mohr, CPA, has been on the AuditWatch team since 2004. He
also operates his own company where he consults with various
companies.
He has several years of career experience. In Public Accounting he has
worked for local, regional and national accounting firms including
Deloitte. On the Corporate side, he worked at BP Amoco in Chicago
and Steelcase, Inc., in Grand Rapids.
AW Nate earned his MBA from Northwestern University and his
undergraduate degree from Central Michigan University. He serves on
the board of a national organization. He and his family live in the
Grand Rapids Michigan area.
Shawn O’Brien, CPA, specializes in delivering audit efficiency and
quality and core-level training for accounting firms. Shawn was
previously an Audit Senior Manager at Deloitte in Pittsburgh where he
specialized in health care, construction contractors and middle market
manufacturers. He also taught numerous local and national seminars
for Deloitte. Prior to Deloitte, he began his career at Ernst & Young.
AW Shawn graduated from Duquesne University with a Bachelor’s degree
in Business Administration majoring in accounting. He is a member of
the American Institute of Certified Public Accountants. He currently
resides in Pittsburgh, Pennsylvania.
91
Timothy O’Brien, CPA, brings over 40 years of tax experience to his
appearances. He spent the first 10 years of his professional career with
Arthur Andersen and the last 30+ working on his own as a tax
consultant. With all his experience, he especially enjoys the interaction
with his students as well as discussing the history of the public
accounting profession. Many of his students stay in touch with Tim
after the class ends, seeking his advice on their career development.
He uses “real life” examples obtained through actual CPA practice to
reinforce the course learning objectives.
TW PPC His areas of expertise includes personal, corporate, and pass-thru
entity tax planning and compliance as well as business succession and
strategic planning, buying and selling businesses mergers and
acquisitions, and special tax and financial needs of senior citizens.
In addition to being a CPA, he is also a Certified Merger and
Acquisition Advisor.
He has had numerous appearances on television, radio and in the print
arena. His work has appeared in Fortune Magazine and the Wall Street
Journal. He has also been a featured speaker before numerous
professional and civic groups.
In his spare time, he enjoys being with his family including 6
grandchildren. He is also still an active baseball player on the senior
circuit as well as being a varsity baseball coach in Virginia.
Jennifer Pickles has been instructor on the AuditWatch team since
2007. She specializes in providing audit efficiency and core-level
training for accounting firms. In addition to training, Jennifer also
participates in the delivery of Thomson Reuters CPE webinars and
Learn Live seminars.
AW Before joining AuditWatch, Jennifer was previously an Audit Senior
Associate at KMPG LLP serving both public and private sector clients
where she specialized in manufacturing, consumer business and
financial industries. She also taught various training seminars while at
KPMG.
Jennifer graduated from the California State University, Northridge,
with a Bachelor of Science in Accounting and Finance.
92
Robert “Chris” Province, CPA, has over 20 years of experience in
delivering, instructing and designing training courses. In addition to
his speaking, Chris is currently a self-employed CPA specializing in
taxation of high net worth individuals and closely held businesses with
clients located in many states throughout the United States. Chris has
also served as a tax partner and senior tax member for several local,
regional, and national CPA firms.
TW PPC Chris earned his Bachelor of Science degree in Accounting and
Finance from the California State University, Northridge. He is a
member of the American Institute of Certified Public Accountants and
the California Society of Certified Public Accountants. Chris has also
served as a member of the national AICPA S-Corporation Technical
Resource Panel and the Qualifications Committee for the California
Board of Accountancy. Chris is a licensed Certified Public Accountant
in California and North Carolina.
Ericka Racca, CPA, CIA, is Senior Manager of seminar and webinar
operations where she manages the day-to-day business operations for
the Checkpoint Learning Webinar and AuditWatch public seminar
products and services. In addition, she is an instructor on the
AuditWatch team providing audit efficiency, quality, and core-level
training for accounting firms and is a member of our Audit
Technology team.
AW Before joining AuditWatch, Ericka's public accounting career included
working as a Senior Auditor at Deloitte, where she specialized in
manufacturing, high-tech, and financial services companies.
Immediately prior to joining AuditWatch, Ericka worked as a Senior
Auditor and Acting Audit Manager at The California State University
and an Integrated Audit Project Manager at Staples, Inc.
Ericka graduated from Assumption College in Massachusetts with a
Bachelor of Arts, majoring in Accounting. She is a member of the
American Institute of Certified Public Accountants and the Institute of
Internal Auditors.
93
Jacquie Songer, CPA, has been an instructor and course
developer for AuditWatch University public, in-house and
online training courses since 2002.
AW Jacquie was previously an Audit Manager at Ernst & Young LLP
where she specialized in private and SEC registered healthcare,
insurance, manufacturing, and nonprofit clients. Jacquie has more
than five years of experience as an executive in corporate finance,
accounting, and internal controls. Immediately prior to joining
AuditWatch, she served as a COO where she developed and lead
system/process implementation teams to drive strategic
organizational goals. Jacquie also has a strong passion for personal
development, leadership and coaching.
Jacquie received a Bachelor of Science—Accounting degree from the
College of Business and Management at the University of Maryland
and a Masters in Science from Mercer University. Outside of the
classroom, Jacquie is also a certified yoga instructor and enjoys travel
and the outdoors.
Brenda Smith, CPA, is an experienced instructor of tax staff training.
Brenda is the founding partner her own firm with over twenty five
years of tax and financial management experience. Brenda has both
international and domestic tax expertise as well as a proven record of
outstanding achievement in providing financial services to a variety of
companies and industries.
TW Brenda started her career with Deloitte and later became Senior
Partner with a large regional firm. Brenda has held financial and tax
positions with manufacturing, healthcare, telecommunications, retail
and not-for-profit companies. Brenda’s unique background includes
developing and implementing business strategies while improving risk
management through internal controls, software systems and other
processes and procedures. Brenda has been instrumental in developing
and implementing programs for companies to become compliant with
Sarbanes Oxley requirements. Brenda is a financial operations
principal and consults with financial services companies regarding
SEC compliance.
Brenda received her Bachelor of Science degree in Accounting from
Louisiana State University in Baton Rouge, Louisiana. Brenda is a
Certified Public Accountant, Certified Financial Planner and Certified
Internal Auditor. Brenda is a member of the American Institute of
Certified Public Accountants and the Pennsylvania Institute of
Certified Public Accountants.
94
John M. Stevko, CPA, began his career with Peat, Marwick, Mitchell
& Co. in Oakland, CA. He later started his own firm in Beaverton,
OR, specializing in individual and small business tax, accounting and
consulting.
John has been lecturing and writing for Gear Up for over 20 years. He
continues to be a sought after speaker on tax topics for CPAs and
other accounting professionals across the country and via web-based
presentations.
PPC John currently lives in Southwest Washington, where he operates a tax
practice serving individuals and small businesses.
Laurie A. Stillwell, CPA, runs her own firm with based in Saratoga
Springs, NY. She specializes in working with small businesses,
professional practices, and their owners.
In addition to her practice, Ms. Stillwell teaches webinars and live
continuing professional education seminars nationally on ethics, and
business and individual income tax issues for Thomson Reuters Tax &
Accounting.
PPC TW She is the author and editor of several continuing professional
education texts, as well as published articles on budgeting, financial
literacy and cash-flow management, as well as tax and accounting
issues faced by professionals and small business owners.
Prior to forming her own firm in 2001, Ms. Stillwell spent more than a
decade with local and regional accounting firms and specialized in
providing tax and accounting services to closely-held businesses. She
began her public accounting career with the international firm of Price
Waterhouse, in Boston, Massachusetts. Ms. Stillwell graduated
summa cum laude from SUNY Albany’s School of Business with a
B.S. in Accounting.
95
Jex Varner is a consultant at AuditWatch, part of the Tax &
Accounting business of Thomson Reuters. He specializes in delivering
relevant and engaging auditing standards, audit effectiveness,
efficiency and core level training to accounting firms.
Before AuditWatch, Jex spent 16 years at Ernst & Young in various
capacities including Audit Senior Manager, Area Director of
Recruiting, and West Coast Learning Consultant to the firm. He has
audited both large and small public and private companies in the
manufacturing, wholesale distribution, high tech, engineering and
construction, and oil and gas industries.
AW During his 27 year career, Jex has taught thousands of accounting
professionals. Jex also has considerable experience in learning vision,
strategy, and curriculum development having served in a national
learning role with Ernst & Young, as Chief Learning Officer for RSM
McGladrey, and as National Director of Technical Development for
Grant Thornton.
Jex graduated from Brigham Young University with a Bachelors
degree in Accounting. He is a licensed CPA in Ohio, a member of the
Ohio CPA Society and a member of the AICPA.
Julie Wiese, CPA, is a Consultant/Trainer at AuditWatch, part of the
Tax & Accounting business of Thomson Reuters. She specializes in
teaching AuditWatch University and TaxWatch University training
seminars for local and regional CPA firms. In addition to training,
Julie provides personal and small business income tax and accounting
services to local clients.
AW TW Julie previously served as an Audit Manager at Deloitte serving both
private and public sector clients. In this capacity, she performed
financial statement audits in the financial services, employee benefits
and manufacturing industries. Julie also worked with KPMG and
with Firstar Corporation as a Controller for one of their regional
banks.
Julie is a member of the American Institute of Certified Public
Accountants and the Illinois CPA Society. She received a B.S. in
Accounting from The University of Illinois.
96
GENERAL INFORMATION
TO ORDER IN-HOUSE SEMINARS
To order In-House Seminars, please call or email Barbara Marino at 800-387-1120.
Email: [email protected]
PRICING
Please see Price List on Page 99.
MINIMUMS FOR MATERIALS ONLY ORDERS
If you choose to provide your own instructor for courses available in the materials only format,
there is a minimum purchase of one instructor guide and five participant manuals. Instructor and
participant manuals are not sold separately.
ORDER CONFIRMATION/MANUAL SHIPMENT
After placing your order, you will receive an order confirmation and engagement letter within 10
business days. After confirming your anticipated attendance two weeks prior to the seminar,
course manuals will be shipped to you approximately one week prior to the seminar.
At that time, you will also receive a CPE Packet (if your organization is the CPE Sponsor),
which includes CPE sponsor requirements, program and instructor evaluation forms, and other
administrative information.
ADDITIONAL MANUALS
Should you need additional manuals or need to alter your order in any way, please contact:
Sandra Spurlock at 800-775-9866. Email: [email protected]
BILLING AND PAYMENT
You will be invoiced on the presentation date for the seminar costs plus shipping and tax where
applicable. Payment is due upon receipt of invoice. Instructor travel expenses are not included in
program price and are billed separately.
RETURNS
Returns are not accepted for seminars. Please order only manuals needed.
CANCELLATION POLICY
There is a $2,000 per day fee for cancellation after engagement letter is executed. The fee will be
waived if the course can be rescheduled to a mutually agreeable date within the same calendar
year. For more information on our policies regarding refunds, complaints, and program
cancellations, contact Sandra Spurlock at 800-775-9866 or
[email protected].
97
DVD SALES
In-house DVDs are instructional tools and not self–study products. DVDs are available for
purchase only if order includes an instructor guide and a minimum of five participant manuals. A
manual must be ordered for each participant.
COPYRIGHTED MATERIALS
Please note that all courses are copyrighted materials. Reproduction of materials, including
videotaping, web and satellite broadcasting, is expressly prohibited by copyright. Additionally, a
course manual needs to be purchased for each participant.
98
2015In‐HousePriceList
Instructor-Led Courses
One-Day Seminars
Instructor fee (up to 10 participants)
Additional Participants (over 10 participants)
$2,999
$ 105 each
Two-Day Seminars
$5,998
$ 210 each
Three-Day Seminars
$8,997
$ 315 each
Four-Day Seminars
$11,996
$ 345 each
Technology Courses
Mastering the Basics of Data Extraction
$5,400
$ 279 each
Spotting Opportunities to Use Data Extraction
$2,599
$ 129 each
Materials Only Option (when available)
AuditWatch University Level 1 Boot Camp
Webinar Modules (2 hours each)
Eight Hours of Seminar Content
$2,500 per module
$ 50 per user
One-Day Seminars
Instructor Guide
Participant Manual (Minimum Purchase of 5)
$ 350
$ 105 each
Two-Day Seminars
Instructor Guide
$ 475
$ 210 each
99
Three-Day Seminars
Instructor Guide
$ 595
$ 315 each
Four-Hour Course Modules
Instructor Guide
$ 175
$ 50 each
Two-Hour Course Modules
Instructor Guide
$ 125
$ 25 each
DVD Instructional Tool
Federal Tax Update
$ 199
These DVDs are only available for purchase with a minimum order of five participant
manuals and one instructor guide.
Customized Webinars
Please call 800-387-1120 for details.
AuditWatch Consulting Services
Please call 800-775-9866 for details.
NOTES
*If you choose to provide your own instructor and elect the materials only option, there is
a minimum purchase of one instructor guide and five participant course manuals.
Instructor and participant course manuals are not sold separately.
**Instructor travel expenses are not included in program price and are billed separately.
100
AUDITWATCH
TRAINING, CONSULTING AND DATA SERVICES
TO LEARN MORE, VISIT CL.THOMSONREUTERS.COM/A.
CALL 800.231.1860 FOR PUBLIC SEMINARS OR 800.775.9866 FOR OTHER OPTIONS.
AuditWatch serves the audit and accounting profession by
providing leading experts to train and consult with firms that offer
auditing services.
AuditWatch Training for tax, audit and yellow book staff is
available in three delivery options: public live seminars, in-house
seminars and customized training.
Plus, AuditWatch offers consulting, data services,
customized course development and more.
• The recognized leader in audit productivity
• Integrated curriculum for audit professionals and CPA firms, audit
process consulting and audit technology services
• Public live seminars offer open enrollment in major cities across the
country while firm-specific seminars are conducted at your facility
and customized training is tailored to meet your staff development
needs
• Also available: materials only and customized webinar options
AuditWatch University, TaxWatch University and Yellow Book University.
AuditWatch is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry
of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be
submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org
All courses are delivery method Group-Live; no prerequisites or advance preparation unless otherwise indicated. For more CPE information including descriptions, learning
objectives, and administrative policies, visit cl.thomsonreuters.com/A.
AUDITWATCH
AUDITWATCH CONSULTING
Why AuditWatch
?
Our Reputation and Experience.
We are the premier training and productivity consulting organization for the audit profession, with a customer base built from satisfied
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hundreds of engagement files and are familiar with many different audit approaches and audit methodologies.
Our Approach.
We have experienced consultants who deliver the AuditWatch Experience: a focus on practical advice that applies in the real world,
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Our Successes.
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PROCESS
APPROACH
Challenging the flow of the process at
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CONTROL
Measuring and controlling audit
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not only experienced better realization and efficiency but created
“ We
more opportunity for staff development. Our staff members were
better prepared for fieldwork and more engaged with our clients. ”
— Bryna Campbell Engel
FOR MORE INFORMATION AND SCHEDULING:
Call 800.775.9866
cl.thomsonreuters.com/A | 800.231.1860
AUDITWATCH
AUDITWATCH CONSULTING
AuditWatch Productivity Program
The AuditWatch Productivity Program is a change driver designed to improve audit efficiency, quality and profitability. Our consultants work
with you to reengineer the following critical aspects of the audit:
The AuditWatch Productivity Program
Through the highly customized AuditWatch Productivity Program we work with you to determine the best way to identify and address your
productivity issues, which may include:
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AuditWatch Productivity QuickStart
The AuditWatch Productivity QuickStart is an affordable solution that provides valuable and practical information about how to prioritize
your productivity efforts. Our consultants will review up to four of your audit engagements and provide feedback related to:
•
•
•
•
•
•
Efficiency and quality improvement opportunities
Execution of the audit methodology
Performance of audit procedures
Documentation
Over- or under-auditing
Your audit approach compared to other firms
This consulting engagement ends with a web-based meeting to discuss our observations, showing examples from your files and presenting
you with a focused list of productivity opportunities and immediate action items.
AuditWatch Productivity QuickStart for Review Engagements
We will examine two of your review engagement files and look for opportunities to improve quality and efficiency. This program is conducted
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CURRICULUM CONSULTING SERVICES
FROM AUDITWATCH
AuditWatch consultants will evaluate your firm’s current learning and development
program as well as the firm’s approach to delivering continuing professional education
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program that are aligned with your firm’s strategic business goals and industry
standards.
AUDITWATCH
SEE BOTTOM OF PAGE FOR DETAILS.
PUBLIC SEMINAR SCHEDULES
AUDITWATCH UNIVERSITY PUBLIC SEMINAR SCHEDULE
Level 1:
Basic Staff
Seminar City
Atlanta
Boston
Chicago — A
Chicago — B
Cleveland
Dallas/Fort Worth Area
Denver
Houston
Las Vegas
Los Angeles
Nashville
New York City
Philadelphia NEW LOCATION!
Portland
Salt Lake City
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Rockville — A
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Washington DC
Web-Based
4 Days ($1,292)
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11/3-6
11/10-13
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Level 4:
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Level 6:
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7/21-23
8/11-13
7/28-30
Find out more about web-based new hire training at cl.thomsonreuters.com/a
TAXWATCH UNIVERSITY PUBLIC SEMINAR SCHEDULE
Seminar City
Atlanta
Boston
Chicago
Los Angeles
New York
San Francisco
Washington DC
Level 1
Level 2
Level 3
Level 4
3 Days ($989)
$841 Early Bird*
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7/28-30
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7/14-16
12/8-10
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7/14-16
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1/5-7 (2016)
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10/27-29
12/1-3
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11/3-5
7/28-30
1/12-14 (2016)
7/29-31
8/11-13
1/5-7 (2016)
12/1-3
This price per person
cost includes course tuition,
materials, lunch and snacks.
Visit
cl.thomsonreuters.com/a,
or call 800.231.1860
for public seminars,
800.775.9866
for in-house
and customized training
YELLOW BOOK UNIVERSITY PUBLIC SEMINAR SCHEDULE
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Catalog code: CCADM15
AUDITWATCH
AUDITWATCH TECHNOLOGY SOLUTIONS
Power Play is a consulting service that allows you to work with our experienced auditors to perform analyses and testing of your clients’
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Rounded
whole number
Holiday
Specific text
A summary report,
created by Power
Play, that identified
journal entries that
met specific audit
risks of material
misstatements
OUR EXPERIENCED AUDITORS AND
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A TYPICAL POWER PLAY ENGAGEMENT
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OBTAINING DATA
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DATA PROCESSING
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IN-HOUSE DATA EXTRACTION SOFTWARE TRAINING
MASTERING THE BASICS OF DATA EXTRACTION SOFTWARE
16 CPE CREDITS | AUDITING, SPECIALIZED KNOWLEDGE AND
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APPLICATION | BASIC
4 CPE CREDITS | AUDITING | OVERVIEW
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CPE NETWORK
TIMELY NEWS AND IN-DEPTH ANALYSIS
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(Page 30)
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MANAGING YOUR IN-HOUSE SEMINARS
Reqwired learning management tools, within the Checkpoint Learning platform, guide firms through the process of offering and administering
in-house learning opportunities. While robust enough for any type of learning event, our learning management system (LMS) is uniquely suited
for CPE-accredited courses. Employees will value the simplicity of searching, registering for and, where applicable, launching classes through
the intuitive learner interface. Administrators will value the time-saving tools for each aspect of in-house education.
SELF-SERVICE COURSE REGISTRATION
Learners can browse the university course calendar and register
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Registrants receive email confirmation with downloadable
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Other features include:
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BEYOND CPE COMPLIANCE
Professional development is more than counting
CPE credits. Leading firms design targeted learning
curricula to give employees the skills necessary for
success in every phase of their careers.
Professional development is more than counting
CPE credits. Leading firms design specific learning
paths to give employees the tools necessary for
success in each phase of their careers. Our learning
path module provides firms the framework to:
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• Analyze firm-wide progress with professional development
goals
LEARNING PLAN TEMPLATES
Checkpoint Learning’s LMS allows firms to design various
learning plans to match levels within the organization and/
or competencies they want employees to achieve. Professional
development managers can assign one or more path templates to
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whether particular learning is mandatory or optional. Firms can
further use this system to:
• Customize learning plans for individuals
• Generate firm-wide reports to measure the degree to which
employees are meeting learning expectations
SPECIAL FEATURES
COACH ACCOUNTS
Checkpoint Learning can provide team leaders with direct access
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course registrations. A team leader, a.k.a. "coach," can receive
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ethics training.
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Presented and cosponsored by leading AuditWatch and CPEasy training experts, our virtual conferences
break traditional barriers by giving you live, up-to-the-minute analysis on key topics from nationally
recognized experts in the comfort of your own office!
What is a “Virtual Conference?”
A “virtual conference” is a multi-day web-based training event featuring multiple presenters and different
topics. You will be able to view the presenter’s content, interact with the speakers and participate in live Q
& A, making the session as applicable to your practice as it possibly can be.
Virtual Conference Features
•
•
•
•
Attend from anywhere with no travel costs
Up-to-date, relevant training
Well-known experts
Interactive
Visit cl.thomsonreuters.com to register.
Registration closes at 5:00 p.m. CST the day before the scheduled event.
This CPE is delivered in a group internet-based format.
Most virtual conferences are presented on LearnLive™; the Year-End Mega-Conference is presented on WebEx™. Both platforms allow you
to view expert content and interact with the speakers.
Log on to the audio broadcast site to hear the presentation through your computer.
ONLINE LEARNING
AUDIT PRODUCTIVITY VIRTUAL CONFERENCE
Improving productivity is always a challenge. Whether it’s pressure from competitors and clients or changes to accounting rules and
accounting staff, it’s easy to see why firms often struggle to achieve optimal audit quality and efficiency. Join us for a conference designed
to give you the knowledge, techniques and tips to perform your engagements in the most effective and efficient manner.
Conference Objectives: This conference will provide you with
the latest updates and techniques to help ensure that your firm is
performing audits effectively and efficiently.
Conference Speakers: AuditWatch Consultants Pete Bieghler,
CPA, Wayne Kerr, CPA, Shawn O’Brien, CPA, Ericka Racca CPA
and other nationally recognized experts.
Who Should Attend? Seniors, managers, directors, partners
and anyone with influence on an engagement’s planning and
execution.
Schedule
June 4 and 5 / 9:00 a.m. – 5:00 p.m. CST
September 2 and 3 / 9:00 a.m. – 5:00 p.m. CST
Sessions
Pricing
Price per participant/per conference: $379.
$199 for Checkpoint Learning Premier or Premier Plus subscribers
or CPEasy package subscribers!
• Common Audit Productivity Issues
• Reviews, Compilations and Special Purpose Frameworks
• Staying Out of Trouble — Significant new accounting issues,
common audit deficiencies and current findings related to fraud
• Building a Better Audit Plan
• Key Issues in Client and Project Management
• Spotting Opportunities to Use Data Extraction Software
• Getting the Most Out of Internal Controls
• Documentation Tips and Pitfalls
• Improving Performance Through Effective Supervision
• Panel Discussion — Answers to your questions and valuable bestpractice takeaways
CPE Information
Level: Intermediate
Advanced Prep: Knowledge of Auditing
CPE Credits: 16
Field of Study: Auditing
Platform: Presented on LearnLive
KEY ISSUES IN INTERNATIONAL TAXATION VIRTUAL CONFERENCE
The steady increase in economic globalization has been leading the business world into cross-border transactions that have become
a significant part of their regular business activities. Not surprisingly, these transactions often generate a host of international tax
issues that tend to attract the scrutiny and penalty-wielding power of the IRS. This two-day web-based International Tax Conference is
designed to provide useful information and practical guidance in key areas to help practitioners of all sizes conquer the challenges of tax
accounting and reporting in the international business arena.
Conference Objectives: This conference will provide you with the
latest updates and analysis on key issues in international taxation
affecting small and medium sized CPA firms.
Conference Speakers: Speakers for this event will include
Conference Chairman Jay Darby, CPA, JD and other nationally
recognized experts.
Who Should Attend? Experienced managers, directors, partners
— specifically those who deal with international tax matters
Schedule
July 29 and 30 / 9:00 a.m. – 5:00 p.m. CST
October 20 and 21 / 9:00 a.m. – 5:00 p.m. CST
Sessions
•
•
•
•
•
•
•
•
•
•
•
•
Latest Developments in International Tax
Tax Compliance: 1040 NR
Structuring IP Transactions
Mexican and Canadian Tax Issues/Reform
Structuring Strategies for Inbound Investing
FATCA and Withholding Taxes
Latest Developments in International Tax — Outbound
Structuring Strategies for Outbound Investing
Foreign Tax Credits
Foreign Bank Accounts
Expatriation
Transfer Pricing
Pricing
$199 for Checkpoint Learning Premier or Premier Plus
subscribers or CPEasy package subscribers!
CPE Information
Level: Update
Advanced Prep: None
CPE Credits: 16
Field of Study: Tax
$199 special pricing per virtual conference/per attendee for
Premier and Premier Plus subscribers. Call 800.231.1860
to receive special pricing.
:
Visit cl.thomsonreuters.com for
complete and current Virtual
Conferences course information.
ONLINE LEARNING
NEW: BIG ISSUES FOR SMALL CLIENTS VIRTUAL CONFERENCE
SMALL AND PRIVATE COMPANY AUDITING AND FINANCIAL REPORTING
Staying up-do-date with new standards, risk alerts and best practices is challenging enough, but having to sift through all of the
information out there to find the few nuggets that actually matter for your clients can sometimes seem impossible. This virtual conference is
designed to block out the noise and focus on just the issues most likely to be important to practitioners serving smaller, private companies.
Conference Objectives: This conference will help you identify
and apply technical GAAP updates, auditing considerations and
practice tips for serving your small, private-company clients.
Who Should Attend? Accountants in public practice providing
audit, review, compilation or accounting services for small, private
companies.
Sessions
• Recognizing the Issues Unique to Small, Private-Company
Engagements
• The New Private Company Financial Reporting Options
• Tips for Implementing SSARS 21 and Launching Your Financial
Statement Preparation Service
• Independence and Small Business Assurance Services
• Panel Discussion: Top Small Business Financial Reporting Issues
• What You Need to Know about Internal Controls in Very Small
Company Audits
• Critiquing and Improving Employee Benefit Plan Audits: A
Demonstration with Workpaper Examples
• Avoiding Common Problems with Financial Statement Disclosures
• So Near and Yet So Far: What Small Businesses Should Be Doing
To Get Ready for the New Revenue Recognition Standard
Conference Speakers: Pete Bieghler, CPA; Wayne Kerr, CPA;
Susan Longo, CPA
Schedule
July 22 and 23 / 10:00 a.m. – 4:00 p.m. CST
September 9 and 10 / 10:00 a.m. – 4:00 p.m. CST
November 5 and 6 / 10:00 a.m. – 4:00 p.m. CST
Pricing
CPE Information
Level: Intermediate
Advanced Prep: Knowledge of Accounting and Auditing
CPE Credits: 12
Field of Study: Accounting and Auditing
NEW: REVENUE FROM CONTRACTS WITH CUSTOMERS VIRTUAL CONFERENCE
ASU 2014-09 — Revenue from Contracts with Customers is the most significant change to financial reporting standards in recent years. This
virtual conference provides an in-depth explanation of this new revenue recognition standard, complete with examples and implementation
guidance. Conference sessions will also include discussion of the likely impact of this new standard on industries, income taxes and audits.
Conference Objectives: This conference will help you identify and
apply changes to financial reporting and related services from the
FASB’s new standard on revenue from contracts with customers.
Who Should Attend? Accountants, auditors and others who need
to understand the impact of new revenue recognition standards
on financial reporting
Sessions
•
•
•
•
•
•
•
•
•
Applying the Five-Step Model for Revenue Recognition
Recognizing Other Key Provisions of the New Standard
Analyzing New Presentation and Disclosure Requirements
Implementation Issues: Not-For-Profit Entities
Implementation Issues: Construction Companies
Implementation Issues: Other Industry Consideration
Tax implications of ASU 2014-09
Auditing implications of ASU 2014-09
Panel Discussion of Key Issues and Q&A
Schedule
December 2 and 3 / 10:00 a.m. – 4:00 p.m. CST
Pricing
CPE Information
Level: Intermediate
Advanced Prep: Knowledge of Accounting and Auditing
CPE Credits: 12
Field of Study: Accounting and Auditing, Tax
Conference Speakers:
Paul Munter, CPA; Wayne Kerr, CPA; Susan Longo, CPA; Laurie
Stillwell, CPA
Visit cl.thomsonreuters.com for
complete and current Virtual
Conferences course information.
ONLINE LEARNING
NEW: HEALTH CARE REFORM VIRTUAL CONFERENCE
Get up-to-date guidance and insight from a panel of experts on health care reform. During this two-day conference you
will learn the latest on forms and calculations, tax and non-tax matters and have the opportunity to ask the experts about
a variety of implementation issues. You will receive key updates on a variety of health care reform topics and learn what’s
on the horizon.
Conference Objectives: This conference will provide you with the latest updates and analysis on health care reform issues.
Who Should Attend? Experienced managers, directors, partners — specifically those who deal with health care matters.
Sessions
•
•
•
•
•
•
•
Roundtable Discussion of Recent Developments and Key Updates
Understand the Forms and Calculations for Health Care
Update for Employers
The Tax Treatment of Health Insurance for the Partner and S Corp Shareholder
Discussion of Key Non-Tax Issues
Ask the Experts: Frequently Asked Questions on Implementation Issues
Roundtable Discussion of What Lies Ahead
Conference Speakers: Conference Chair John Stevko, CPA, and a team of TaxWatch, Gear Up and CPEasy Speakers
Schedule
August 4 and 5 / 10:00 a.m. – 4:00 p.m. CST
Pricing
$199 for Checkpoint Learning Premier or Premier Plus subscribers or CPEasy package subscribers!
CPE Information
Level: Update
Advanced Prep: None
CPE Credits: 12
Field of Study: Tax
Visit cl.thomsonreuters.com for complete and current course information.
ONLINE LEARNING
NEW: 2015 YEAR-END MEGA-CONFERENCE FOR PRACTITIONERS
The new year-end mega-conference pulls together a variety of topics in accounting, auditing, tax and practice management for a truly
interdisciplinary experience. Presented over two days, this conference conveniently groups the sessions into those with an accounting and
auditing focus and those with a tax focus – so you can attend the whole conference or just the day that is most relevant to you.
Conference Objectives: This conference will help you to identify and apply technical issues, practice management skills and practice tips
to your practice areas.
Who Should Attend? Accounting, auditing and tax professionals.
Sessions
Day 1
•
•
•
•
•
Accounting Roadmap: An Overview of the FASB's Technical Agenda; Where We've Been, Where We're Going and What It Means
Applying LEAN and Six Sigma Concepts to Improve Productivity
Internet Security Tools for Accountants
Challenging Assumptions: Using Real-World Examples to Critique and Improve Audits
Exceeding Exceptions Every Time: Mastering the Exceptional Service Technique
Day 2
•
•
•
•
Tax Savings Tips for High-Income Clients
Federal Tax Year End Round Up — What You Need to Know Now Before Busy Season
Tax Planning Strategies for Small Business
IRS Examination Issues – What’s Hot and Being Scrutinized
Conference Speakers: AuditWatch Consultants, TaxWatch Instructors and other nationally recognized experts.
Schedule
January 19 and 20 / 9:00 a.m. – 5:00 p.m. CST
Pricing
Price per participant/per conference: $219 per day or $399 for both days
Checkpoint Learning Premier Subscribers: $119 per day or $219 for both days
Checkpoint Learning Premier Plus Subscribers: FREE!
CPE Information
Level: Intermediate
Advanced Prep: Knowledge of Tax, Accounting and Auditing
CPE Credits: 8 credits per day or 16 hours for total event
Field of Study: Tax, Personal Development, Accounting and Auditing, Computer Science
Platform: Presented on WebEx™
Visit cl.thomsonreuters.com for complete and current course information.
Year-End Mega-Conference is $219 for Premier subscribers
or FREE for Premier Plus subscribers. Call 800.231.1860 to
receive special pricing.
CHECKPOINT LEARNING
WEBINARS
LIVE INSTRUCTOR-LED WEB-BASED EVENTS
Checkpoint Learning Webinars offer hundreds of webinars
each year on the topics of most importance to you taught by
nationally recognized experts.
• Topics covered include: accounting and auditing current
developments, audit quality and efficiency, ethics, business and
financial management, personal development, practice efficiencies
using PPC Tools, specialized industry, tax, technology and Yellow
Book
• Webinars are priced per participant per webinar at $69 for one hour,
$89 for two hours, $139 for four hours or all day for $189 (Quantity
Discount available)
• Also available: customized webinars designed exclusively for your
firm (call 800.387.1120 for details)
All webinars are Level: Update and Advanced Prep: None.
Visit cl.thomsonreuters.com for more CPE information. Webinars are presented
on WebEx™ and offer optional audio broadcast directly through your computer.
Registration closes at 5:00 p.m. CST the day before the event.
Checkpoint Learning Webinars are part of Practitioners Publishing Company (PPC).
PPC is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of
CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be
submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org
Checkpoint Learning Webinars are group Internet-based delivery method. Unless otherwise stated, no other prerequisites or advance preparation is required.
For more CPE information, including descriptions, learning objectives, and administrative policies, visit cl.thomsonreuters.com.
Checkpoint Learning Webinars is an IRSapproved continuing education provider, and offers several courses that that are eligible for credit for IRS PTIN holders
(including Enrolled Agents).
WEBINARS
JUNE 2015 — SCHEDULED WEBINARS
Mon
1
Times shown are
Central Standard
(CST)
8
15
22
29
More information and up-to-date schedule: cl.thomsonreuters.com
Tues
Wed
Thu
Fri
2
3
4
5
9 a.m.: Government and
Nonprofit Update (8 hrs)
12 p.m.: Advanced Googling for
Accountants (2 hrs)
2 p.m.: Assisting with
the Defined Contribution
Retirement Plan
Recommendation (2 hrs)
10 a.m.: Internal Controls for
Nonprofits (2 hrs)
12 p.m.: Delegating for Results
(2 hrs)
2 p.m.: Loss Limitations —
Passive Activity Losses and
At-Risk Basis (2 hrs)
12 p.m.: Negotiating 101 (2 hrs)
2 p.m.: Understanding
and Preparing an Offer in
Compromise (2 hrs)
2 p.m.: Implementing SSARS
21: The New Compilation,
Review and Preparation
Standards (2 hrs)
10 a.m.: What You Should
Know About Form 1040 NR
(2 hrs)
12 p.m.: Professional
Ethics for Accountants — A
Comprehensive Update (2 hrs)
9
10
11
12
9 a.m.: Compilations,
Reviews and Preparations
— Comprehensive Guidance
Including Implementation of
the New SSARS 21 Standards
(8 hrs)
12 p.m.: Communicating
Effectively with the IRS (2 hrs)
2 p.m.: Analytical Procedures for
Nonprofit Organizations (2 hrs)
10 a.m.: Living and Dying with
an S Corporation (2 hrs)
12 p.m.: Understanding and
Evaluating Internal Controls
(2 hrs)
10 a.m.: Unique Audit Issues
Related to Health and Welfare
Benefit Plans (2 hrs)
2 p.m.: Miscellaneous Other
Deductions — Not Exactly
Insignificant (2 hrs)
9 a.m.: Federal Tax Update
(8 hrs)
10 a.m.: Taxation of Mergers
and Acquisitions (2 hrs)
12 p.m.: Capital Gain or
Ordinary Income (2 hrs)
16
17
18
19
10 a.m.: How to Handle IRS
Audits and Appeals (2 hrs)
12 p.m.: Health Care Reform —
Individual Mandate (2 hrs)
2 p.m.: Revenue from Contracts
with Customers: An Overview
of the New Standard (2 hrs)
9 a.m.: Accounting and
Auditing Update (8 hrs)
12 p.m.: Quarterly SEC and
PCAOB Update Q2 (1 hr)
9 a.m.: Understanding Health
Care Reform — How the New
Laws Impact Employers and
Individual Taxpayers (8 hrs)
12 p.m.: Wrapping Up
Engagements: Efficiency
Techniques That Work (2 hrs)
10 a.m.: US-Canadian CrossBorder Tax Issues (2 hrs)
12 p.m.: Monthly Accounting
Alert (1 hr)
1 p.m.: Monthly Corporate Tax
Update (1 hr)
2 p.m.: AMT Update (2 hrs)
23
24
25
26
12 p.m.: Strategies for
Developing High-Performing
Teams (2 hrs)
2 p.m.: Accounting for Income
Taxes — Practice Issues and
Common Pitfalls (2 hrs)
9 a.m.: Change Management
— An Accountant’s Challenge
(8 hrs)
12 p.m.: IRAs — The
Complexities and Benefits
(2 hrs)
9 a.m.: Audit Sampling:
A Comprehensive Guide
to Effective and Efficient
Sampling in Tests of Details
and Tests of Controls (8 hrs)
12 p.m.: List it or Trade it
(2 hrs)
2 p.m.: How Health Care Reform
Impacts Your Clients(2 hrs)
10 a.m.: Introduction to
Fiduciary Taxation (2 hrs)
12 p.m.: Monthly Tax Alert
(2 hrs)
2 p.m.: Cloud Computing Made
Easy for CPAs (2 hrs)
30
9 a.m.: Accountants Guide
to Information Technology
(A – Z course) (8 hrs)
10 a.m.: Fair Value Measurement
for Nonprofits (2 hrs)
12 p.m.: Power of Efficiency Case
Study: Common Deficiencies in
Auditing a Government (2 hrs)
Please note that nearly all tax titles are eligible for IRS PTIN holders’ CE credit. Visit cl.thomsonreuters.com for more detailed information.
Premier packages include UNLIMITED access to all one to four hour webinars; Premier Plus packages include UNLIMITED access to all webinars,
including full-day. No expiration.
QUANTITY DISCOUNT:
Use offer code WEBINARBUND15 to save 10% when you purchase three or more in single transaction for the same attendee.
WEBINARS
JULY 2015 — SCHEDULED WEBINARS
Mon
More information and up-to-date schedule: cl.thomsonreuters.com
Tues
Wed
Thu
Fri
1
2
10 a.m.: Creating Engaging
PowerPoint Presentations
(2 hrs)
12 p.m.: Partnership/LLCs —
Advanced Topics (2 hrs)
2 p.m.: A Close Look at GASB
Statements No. 69 and 70
(2 hrs)
10 a.m.: Identifying and
Correcting the Most Common
Audit Inefficiencies (2 hrs)
12 p.m.: Estate and Gift Tax
Update (2 hrs)
7
8
9
10
10 a.m.: Business Ethics in
Corporate Accounting (2 hrs)
12 p.m.: Linkedin for
Accountants (2 hrs)
2 p.m.: Health Care Reform
Issues for Employers (2 hrs)
10 a.m.: Revenue from
Contracts with Customers: An
Overview of the New Standard
(2 hrs)
2 p.m.: Budgeting and
Forecasting for Financial
Professionals (2 hrs)
10 a.m.: Independence: An
Essential Review for CPAs in
Public Practice (2 hrs)
9 a.m.: Federal Tax Update (8
hrs)
10 a.m.: FATCA: Strategies for
Coping With This Complicated
New Law (2 hrs)
12 p.m.: How Health Care
Reform Impacts Your Clients
(2 hrs)
13
14
15
16
17
9 a.m.: Understanding Health
Care Reform — How the New
Laws Impact Employers and
Individual Taxpayers (8 hrs)
12 p.m.: Quarterly SEC and
PCAOB Update Q3 (1 hr)
9 a.m.: Fraud Detection: An
Accountant’s Consideration
of Fraud in the Preparation of
Financial Statements and Tax
Returns (8 hrs)
12 p.m.: Planning for Education
Expenses: So Many Deductions
and Expenses It Takes a PhD to
Figure Them Out (2 hrs)
10 a.m.: Passive Activities —
Increased Scrutiny on IRC 469
(2 hrs)
12 p.m.: Basis Calculations — S
Corporations, Partnerships,
LLCs (2 hrs)
20
9 a.m.: Accounting and
Auditing Update (8 hrs)
12 p.m.: The Documents
Matter: How the Law of
Backdating and Rescission
Limits the Ability to Shape Tax
Results (2 hrs)
2 p.m.: Monthly Tax Alert
(2 hrs)
21
22
23
24
12 p.m.: Power of Efficiency
Case Study: Understanding a
Nonprofit Financial Statement
(2 hrs)
9 a.m.: Performing Effective
and Efficient Single Audits
(8 hrs)
10 a.m.: Managing the Costs of
Technology — CPAs and Clients
(2 hrs)
12 p.m.: Advanced Topics
in Financial Statement
Preparation (2 hrs)
27
10 a.m.: Retirement Planning
including ROTH IRA
Conversions (2 hrs)
12 p.m.: Monthly Accounting
Alert (1 hr)
1 p.m.: Monthly Corporate Tax
Update (1 hr)
2 p.m.: Understanding
Installment Sales (2 hrs)
28
29
30
31
10 a.m.: Entity Conversions:
Opportunities and Pitfalls
(2 hrs)
12 p.m.: Initial Audit
Engagements (2 hrs)
2 p.m.: How to Run an Efficient
Tax Office (2 hrs)
10 a.m.: Avoiding Common
Errors with Special Purpose
Framework (OCBOA) Reporting
and Disclosures (2 hrs)
12 p.m.: Nontraditional
Engagements: Pro Forma,
Forecasts and Projections
(2 hrs)
6
12 p.m.: Windows 10 (2 hrs)
9 a.m.: Partnerships and
LLCs — From Formation to
Liquidation (8 hrs)
12 p.m.: Operational Finance
for Accounting Professionals —
The Express Version (2 hrs)
3
Please note that nearly all tax titles are eligible for IRS PTIN holders’ CE credit. Visit cl.thomsonreuters.com for more detailed information.
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In-House CPE Planner - Checkpoint Learning

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