Accounting & Attestation Conference

Description

In its second year, this nationally-rivaled conference, provided locally, equips attendees with general updates as well as in-depth coverage on more complex issues. Topic sessions will take a deep dive into complex accounting areas and will cover the hot topics and essential information practitioners need to be prepared and perform high-quality audits.
 
As an added option, join us the day prior to the conference for a workshop:

Workshop requires separate registration.

Objective

Attendees will be able to discuss and employ the latest standards and updates related to accounting and attestation.

Highlights

* Professional Skepticism * Cybersecurity * Professional Standards Update

Who Should Attend

CPAs in public practice as well as finance and accounting professionals

Required Knowledge

None

Advanced Prep

None

Event Speaker(s)

Mr. George Wiese Beckwith, CPA ( National Gypsum Company, Charlotte, NC ), Mr. William Hunter Cook, CPA ( Charlotte, NC ), Ms. Melissa Gragg Critcher, CPA ( Melissa G. Critcher, CPA, PC, Waxhaw, NC ), Susanne Gaddis, PhD ( The Communications Doctor, Chapel Hill, NC ), Mrs. Melisa Fay Galasso, CPA ( Galasso Learning Solutions LLC, Charlotte, NC ), Mr. Michael Francis Hoose, CPA ( Cherry Bekaert LLP, Wake Forest, NC ), Mr. Jonathan Cory Kraftchick, CPA ( Cherry Bekaert LLP, Raleigh, NC ), Mr. William Joel Neeriemer, CPA ( Dixon Hughes Goodman LLP, Charlotte, NC ), Mr. Bruce Nunnally, CPA, CGMA ( Carr Riggs & Ingram, LLC, Miramar Beach, FL ), Jack M. Redfield, CISM, PCIP ( Cherry Bekaert LLP, Richmond, VA ), Mr. Joseph M. Rugger, CPA, CGMA ( Jonesboro Prosthetic & Orthotic Laboratory, Jonesboro, NC ), Mr. Stephen Michael Vanscoy, CPA, CMA, CFM, CVA, CGMA ( Compass Group North America, Charlotte, NC ),

Additional Event Information

Accommodations
Grandover Resort & Conference Center
336-294-1800

Please use the following link to book in NCACPA's room block:
Click here to book your room.

Discounted Reservation Cut-off Date: September 25, 2017
Room Rate: $179 Single/Double

Onsite Information
Registration/Continental Breakfast: 7:15–8:00 am. Sessions begin at 8:00 am.

Download Your Materials Before You Arrive Onsite!
Conference materials will be distributed electronically to registrants 3 days in advance of the program. You may download your materials to a laptop, tablet, or e-reader, or print them. It’s up to you how you choose to view the materials. Printed materials will not be available on site. Downloading in advance is recommended.


Sessions

Tuesday, October 24, 2017 (8:05 am–8:55 am ET)

General #1: Trust Me, I'm a Skeptic
Mr. Jonathan Cory Kraftchick, CPA ( Cherry Bekaert LLP, Raleigh, NC ),

Over the course of your career, it is easy to allow professional skepticism to slip. As we get more comfortable with those we work with, the standards we adhere to, and the stability of ongoing relationships, it becomes more and more difficult to remain professionally skeptical. From statistics to psychology, this course will go over the importance of maintaining our skepticism and tips for how to remain that way.

Field of Study: Specialized Knowledge

Tuesday, October 24, 2017 (9:10 am–10:25 am ET)

1A: Financial Instruments—Hedging, Impairment, Investments, Derivatives
Mr. William Joel Neeriemer, CPA ( Dixon Hughes Goodman LLP, Charlotte, NC ),

This session will provide an overview of the key changes resulting from the FASB’s financial instruments project. 
Participants will discuss the following items:

*Key changes to classification and measurement of financial instruments, including disclosure impacts
*Key changes to financial instrument impairment accounting
*Proposed changes to accounting for derivatives and hedging
*Best practices for implementation of new standards

Field of Study: Accounting

Tuesday, October 24, 2017 (9:10 am–10:25 am ET)

1B: Audit Documentation—Best Practices for an Efficient & Effective Engagement
Ms. Melissa Gragg Critcher, CPA ( Melissa G. Critcher, CPA, PC, Waxhaw, NC ),

Proper audit documentation is essential for a high quality engagement. Auditors are required to prepare and maintain sufficient and appropriate documentation in order to support the opinion. We will identify the minimum documentation standards, explore factors impacting the nature and extent of documentation, examine workpaper deficiencies, and discuss tips and techniques for self-review.

Field of Study: Auditing

Tuesday, October 24, 2017 (9:10 am–10:25 am ET)

1C: Building a Solid Defense Against Today's Cyber Threats
Jack M. Redfield, CISM, PCIP ( Cherry Bekaert LLP, Richmond, VA ),

This presentation will provide a brief overview of the top cyber threats affecting individuals and organizations today, including: ransomware, “Internet of Things” vulnerabilities, phishing and spear phishing, and others. Participants will gain an understanding of what’s needed to build a solid “defense in depth” posture against these threats for both individuals and organizations.

Field of Study: Information Technology

Tuesday, October 24, 2017 (10:35 am–11:50 am ET)

2A: Navigating Through Business Combinations
Mr. Stephen Michael Vanscoy, CPA, CMA, CFM, CVA, CGMA ( Compass Group North America, Charlotte, NC ),

The session will provide an overview of the business combination guidance which will serve as a refresher for those familiar with the guidance issued in 2008. In addition, it will address updates to the guidance, including the new definition of a business. The session will explore the treatment of the myriad of costs present in business combinations.

Field of Study: Accounting

Tuesday, October 24, 2017 (10:35 am–11:50 am ET)

2B: Special Purpose Frameworks—Dos & Don'ts
Ms. Melissa Gragg Critcher, CPA ( Melissa G. Critcher, CPA, PC, Waxhaw, NC ),

Due to the increasing complexity that has affected the accounting profession, the other comprehensive basis of accounting has been increasing in popularity. This session will explore the differences between GAAP and OCBOA financial statements, and describe the requirements for the various special purpose frameworks that may be utilized, as well as the disclosure requirements.

Field of Study: Auditing

Tuesday, October 24, 2017 (10:35 am–11:50 am ET)

2C: Making Sense Out of Change
Mr. Jonathan Cory Kraftchick, CPA ( Cherry Bekaert LLP, Raleigh, NC ),

Now more than ever, status quo is not an option. Some of us embrace this, but most of us chose accounting because of its stability. While we may intuitively know that change must happen for progress to occur, for many of us, the idea of change brings frustration and fear. While you may not be able to change reality, you can certainly change your perception. During this course, we’ll explore common psychological reactions to change and explore techniques and other tips on how to mitigate the perceived threat and how to learn to embrace a little more chaos in your life.

Field of Study: Specialized Knowledge

Tuesday, October 24, 2017 (12:40 pm–1:55 pm ET)

3A: Fair Value Workshop
Mr. Bruce Nunnally, CPA, CGMA ( Carr Riggs & Ingram, LLC, Miramar Beach, FL ),

We will review the accounting and auditing requirements related to fair value measurements and discuss how to best meet all of the relevant requirements.

Field of Study: Accounting

Tuesday, October 24, 2017 (12:40 pm–1:55 pm ET)

3B: Professional Standards/Attestation Update
Mr. George Wiese Beckwith, CPA ( National Gypsum Company, Charlotte, NC ), Mr. William Hunter Cook, CPA ( Charlotte, NC ),

This session takes a deep dive into complex areas and covers hot topics and essential information related to accounting and attestation. Latest information and activities from FASB, PCC, and ASB will be covered.

Field of Study: Auditing

Tuesday, October 24, 2017 (12:40 pm–1:55 pm ET)

3C: Emotional Intelligence & Leadership
Mrs. Melisa Fay Galasso, CPA ( Galasso Learning Solutions LLC, Charlotte, NC ),

CPAs and accountants are so much more than number-crunchers! Whether you work in public accounting, industry, or education, the ability to self-regulate (internal) and build meaningful relationships (external) is incredibly important.
 

Current research shows that Emotional Intelligence (EQ) is the critical factor—more important than IQ—that sets star performers apart from the rest of the pack. In addition to covering various EQ theories, this course features an interactive small group component, where participants will identify personal areas of focus and design activities that can help them to further develop the skills needed to lead with empathy and self-awareness.

Field of Study: Personal Development

Tuesday, October 24, 2017 (2:05 pm–3:00 pm ET)

4A: Financial Statement Presentation & Disclosure
Mr. Bruce Nunnally, CPA, CGMA ( Carr Riggs & Ingram, LLC, Miramar Beach, FL ),

We will discuss how to not only meet disclosure requirements, but also present meaningful disclosures that are useful to financial statement users. Finally, we will discuss the current FASB Project on the Disclosure Framework.

Field of Study: Finance

Tuesday, October 24, 2017 (2:05 pm–3:00 pm ET)

4B: Analytical Procedures—Preliminary to Final & Everything in Between
Mr. Michael Francis Hoose, CPA ( Cherry Bekaert LLP, Wake Forest, NC ),

First we will learn why a refresher course on how to properly perform analytical procedures is needed to overcome confirmation bias. Next we will go over when it is appropriate and not appropriate to use analytical procedures to obtain audit evidence. Then we will dive into the four phases of analytical procedures: expectations, identification, investigation, and evaluation. During this part of the presentation we will remind participants about the critical importance of developing precise expectations and how the following variables impact the precision of expectations and thus the effectiveness of analytical procedures: nature of account, reliability of data used to develop the expectation, and the inherent precision of the type of analytical procedure used. We will then move onto developing proper scopes and how to properly document variance explanations. I’ll then try to sneak material fraud by you and show how poorly designed analytics will fail to catch obvious fraud. Lastly, we’ll touch on preliminary and final analytics.

Field of Study: Specialized Knowledge

Tuesday, October 24, 2017 (2:05 pm–3:00 pm ET)

4C: Communication & Active Listening—How to Listen with Your Eyes & Ears
Susanne Gaddis, PhD ( The Communications Doctor, Chapel Hill, NC ),

Do you really hear what’s being said to you? Do you respond in a way that satisfies an individual’s need to be heard? Studies show poor listening skills are often the cause of mistakes and problems that cost organizations more than $1 billion a day. This interactive Ears-and-Eyes-On presentation will awaken you to a whole new mindset in the way you listen. This dynamic workshop will arm you with vital insights and solid strategies to strengthen and fine-tune the way you interact with others. You’ll learn:
*The difference between hearing and listening
*That individuals express 70-90% of their messages through body language
*To offer verbal and non-verbal Encouraging Skills to keep people talking
*Methods to recognize the hidden meaning in an individual’s word choice
*How to tell whether a person is checked in or checked out of the conversation
*To effectively respond to intense emotional expression
*How to listen for statements within questions
*Ways to respond by using direct and indirect feedback
*What to do when a person keeps repeating the same old thing

Field of Study: Communications

Tuesday, October 24, 2017 (3:15 pm–4:30 pm ET)

General #2: Ready, Set, Let's Fail! Leadership Lessons in Failure
Mr. Joseph M. Rugger, CPA, CGMA ( Jonesboro Prosthetic & Orthotic Laboratory, Jonesboro, NC ),

A major difference between high-achieving leaders and those that are just average is the way they fail. In this session we will dig deep into some of the most famous cases of failure, response, and rebound. I will mix in some personal stories of people I’ve known over the years that have failed and moved forward in a way that only enhanced their credibility and impact as leaders. John Maxwell’s Failing Forward provides a lot of guidance for this session.

Field of Study: Specialized Knowledge


Share This Event

Event Vendor:NCACPA
Field of Study:Accounting, Auditing, Communications, Finance, Information Technology, Personal Development, Specialized Knowledge, Various
Level: Update

Event Type:Conference
Event Code:AAC17


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Registration Fees

Early Bird Rate expires October 10, 2017

Registration Early Bird Regular
NCACPA Member $250.00 $300.00
Non-Member $350.00 $400.00
Other CPA State Society Member $250.00 $300.00