Fraud and A&A Conference

Description

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. This year’s conference will also combine fraud content to help CPAs prevent, identify, and recover from various forms of fraud that threaten organizations.
 
This conference will also be available as a Live Streaming Webcast. Click here for registration
information.

 

Objective

This program is designed for CPAs in the areas of accounting, auditing, and fraud. It will provide overviews of recent A&A pronouncements and issues as well as fraud detection, identification, quantification, and prosecution.

Highlights

View the event brochure.

Who Should Attend

CPAs in industry and public practice

Required Knowledge

None

Advanced Prep

None

Event Speaker(s)

Ms. Samantha Bement, CPA, CFE ( RSM US LLP, McLean, VA ), Ms. Angela P. Doughty ( Ward and Smith, P.A., New Bern, NC ), Mr. Rudolph Escarne ( PricewaterhouseCoopers LLP, Washington, DC ), Mr. Mike Holland ( Fortalice Solutions, Charlotte, NC ), Mr. Michael Francis Hoose, CPA ( Cherry Bekaert LLP, Wake Forest, NC ), Mr. Benjamin Ryan Ripple, CPA ( Bernard Robinson & Company, LLP, Greensboro, NC ), Mr. Joe Stewart ( Independent Insurance Agents of North Carolina (IIANC), Cary, NC ), Mr. Aaron Beam ( Aaron Beam Speaks, Loxley, AL ), Mr. Bruce Nunnally, CPA, CGMA ( Carr Riggs & Ingram, LLC, Miramar Beach, FL ), Ms. Stephanie McCasland ( Briggs & Veselka Co, Houston, TX ), Mr. Carl Raymond Mayes, Jr., CPA ( The Association of International Certified Professional Accountants, Raleigh, NC ), Mr. Richard Martin Pasquantonio, CPA/CFF, CFE, CFDA ( Adam Shay CPA, PLLC, Wilmington, NC ), Ms. Lisa Simpson, CPA, CGMA ( The Association of International Certified Professional Accountants, Raleigh, NC ), Mr. Michael A. Westervelt, CPA ( CliftonLarsonAllen LLP, Huntersville, NC ), Mr. Gary D. Zeune ( The Pros and The Cons LLC, Powell, OH ), Mr. Michael Joseph Angerhauser, CPA ( Adam Shay CPA, PLLC, Wilmington, NC ), Mr. Michael Gary Austin, CPA ( The Association of International Certified Professional Accountants, Morrisville, NC ), Mr. Michael Carroll ( K2 Enterprises, New York, NY ), Ms. Ellen West Grantham, CPA ( K4Connect, Raleigh, NC ), Mr. Brad Lingo ( King & Spalding LLP, Charlotte, NC ), Ms. Melissa Gragg Critcher, CPA ( The Association of International Certified Professional Accountants, Durham, NC ), Mr. Don Rabon ( Hendersonville, NC ), Mr. Erik C. Lioy, CPA ( Grant Thornton, LLP, Charlotte, NC ),

Additional Event Information

Accommodations
Greensboro-High Point Marriott Airport
336-852-6450

Discounted Reservation Cut-off Date: October 1, 2018
Room Rate: $129 Single/Double
Includes Internet

Please click here to book with NCACPA's room block.

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

Monday, October 29, 2018 (8:05 am–9:10 am ET)

General #1: Frauds Perpetuated by Audit Failure
Mr. Gary D. Zeune ( The Pros and The Cons LLC, Powell, OH ),

When an entity fails because of fraud you often hear “Where were the auditors?”
 
This session will go backstage in actual cases to:
 

* Link financial and operational metrics to auditing standards
* Study why the fraudsters didn’t think they’d get caught 
* Teach simple procedures to protect yourself

Field of Study: Auditing

Monday, October 29, 2018 (9:20 am–10:30 am ET)

1A: Enhancing Audit Quality Initiative/Common Deficiencies
Mr. Carl Raymond Mayes, Jr., CPA ( The Association of International Certified Professional Accountants, Raleigh, NC ),

The AICPA Enhancing Audit Quality (EAQ) uses a holistic, data-driven approach to detect quality trends and develop related resources and education for auditors. During this session, participants will learn about the most common deficiencies being detected in practice, the misconceptions that are driving those deficiencies, and the steps auditors can take to overcome such challenges.

Field of Study: Auditing

Monday, October 29, 2018 (9:20 am–10:30 am ET)

1B: Revenue Recognition Implementation Panel
Ms. Ellen West Grantham, CPA ( K4Connect, Raleigh, NC ), Mr. Michael Francis Hoose, CPA ( Cherry Bekaert LLP, Wake Forest, NC ), Mr. Benjamin Ryan Ripple, CPA ( Bernard Robinson & Company, LLP, Greensboro, NC ),

With the final effective dates for ASC 606 fast approaching, are you prepared to implement the new standards? Hear from early implementer panelists Ellen Grantham (K4Connect) and Michael Hoose (Cherry Bekaert LLP) on how they tackled the changes to Revenue from Contracts with Customers and learn from their challenges and best practices.

Field of Study: Accounting

Monday, October 29, 2018 (9:20 am–10:30 am ET)

1C: Fraud-Related Interviewing: How I Fooled the Interviewers
Mr. Don Rabon ( Hendersonville, NC ),

Fraud and deception travel in pairs. Deception is required to both perpetrate and maintain fraud. Nowhere is the fraud-deception twosome more prevalent than in conducting interviews. A convicted fraudster of $1.25m who successfully manipulated his way through three year-end audits referenced the subsequent interviews by saying, “I had to lead them away.” So, it’s logical that an interviewer’s best bar to use against being “led away” is to understand the manipulative methodologies of the deceptive interviewee. Actual case studies involving interviews with convicted fraudsters will be utilized throughout the presentation.

Field of Study: Specialized Knowledge

Monday, October 29, 2018 (10:45 am–11:45 am ET)

2A: Revenue Recognition Auditing
Mr. Michael Gary Austin, CPA ( The Association of International Certified Professional Accountants, Morrisville, NC ),

As a result of the new revenue recognition standard, auditors will face significant challenges, not only in learning about and understanding the standard, but in designing an effective audit plan and procedures to address the various risks. In this session, we will address some of the risks associated with pre-adoption date activities and requirements, and identify procedures that could be responsive to those risks.

Field of Study: Auditing

Monday, October 29, 2018 (10:45 am–11:45 am ET)

2B: Cybersecurity: What's the Biggest Threat?
Mr. Mike Holland ( Fortalice Solutions, Charlotte, NC ),

In your everyday life, you wear multiple hats: CPA by day, but also a social media consumer, possibly a parent to social media consumers and even likely a child yourself to an aging parent or grandparent. Each of these hats carry their own threats of cybercrime. Fortalice Solution’s Mike Holland will help you understand those threats and how to protect yourself, your loved ones and your business from the world’s most sophisticated adversaries.

Field of Study: Information Technology

Monday, October 29, 2018 (10:45 am–11:45 am ET)

2C: The CPA Expert: Providing Credible Testimony & Avoiding Common Pitfalls
Mr. Brad Lingo ( King & Spalding LLP, Charlotte, NC ), Mr. Erik C. Lioy, CPA ( Grant Thornton, LLP, Charlotte, NC ),

This session will provide practical advice for professionals who are considering serving as an expert witness, with a focus on report writing and depositions. Utilizing both case studies and a live demonstration, this presentation will equip attendees to be better prepared to provide expert reports and testimony, identify and avoid common issues leading to disqualification of experts, and provide credible testimony to triers of fact.

Field of Study: Accounting

Monday, October 29, 2018 (10:45 am–11:45 am ET)

2D: Me, You and Fraud Detection
Mr. Rudolph Escarne ( PricewaterhouseCoopers LLP, Washington, DC ),

A practical overview of using data mining and various data analytic techniques to detect/identify fraud.

Field of Study: Specialized Knowledge

Monday, October 29, 2018 (12:35 pm–1:30 pm ET)

3A: Technology is Your Audit Friend: Don’t be Afraid!
Ms. Lisa Simpson, CPA, CGMA ( The Association of International Certified Professional Accountants, Raleigh, NC ),

AI, Machine Learning, RPA–that’s just future talk, right? No, it’s now and firms of all sizes are using these technologies in their audits. In this session we’ll provide an overview of technologies being deployed currently and what’s on the horizon.

 
Learning objectives:

Identify existing audit technologies and their potential applications;
Recognize trends in technology that can impact audit processes

Field of Study: Auditing

Monday, October 29, 2018 (12:35 pm–1:30 pm ET)

3B: Financial Accounting Standards Board (FASB) Update
Mr. Bruce Nunnally, CPA, CGMA ( Carr Riggs & Ingram, LLC, Miramar Beach, FL ),

In this session, Bruce Nunnally will provide a brief overview of activities and upcoming changes from the Financial Accounting Standards Board (FASB).

Field of Study: Accounting

Monday, October 29, 2018 (12:35 pm–1:30 pm ET)

3C: Roles of Accountants in Civil & Criminal Tax Fraud Investigation
Mr. Richard Martin Pasquantonio, CPA/CFF, CFE, CFDA ( Adam Shay CPA, PLLC, Wilmington, NC ),

Accountants play a vital role in the discovery, investigation, and adjudication of civil and criminal tax fraud litigation. The actions they take (or do not take) may affect the resolution and outcomes of the case, and how the organization recovers from the fraud. This session will discuss tax fraud and tax resolution strategies including the following: the source of criminal investigations, accountant-client privilege limited to non-criminal matters, protecting documents and other materials, and encountering potential fraud. Attend this session and leave better understanding your role and how you can assist your clients!

Field of Study: Auditing

Monday, October 29, 2018 (12:35 pm–1:30 pm ET)

3D: A New Era of Government: Implications for Business
Mr. Joe Stewart ( Independent Insurance Agents of North Carolina (IIANC), Cary, NC ),

From private prisons to public-private partnerships to provide for infrastructure, governments at the local, state and federal level are shifting and changing the way they govern, regulate and provide critical services. Increasingly, voters want greater efficiency and effectiveness in governmental programs but remain adamant that tax rates be kept low, meaning revenue levels don’t necessarily provide resources needed for investments to achieve such goals. And, as technological advances in artificial intelligence and big data analysis dominate the private sector, will government be able to incorporate such innovations to the doing of the public’s business? What is the bottom line impact of all this on companies trying to compete in an increasingly global economy?

Field of Study: Specialized Knowledge

Monday, October 29, 2018 (1:40 pm–2:35 pm ET)

4A: Professional Standards Update – Audit Standards Board
Mr. Michael A. Westervelt, CPA ( CliftonLarsonAllen LLP, Huntersville, NC ),

This session is intended to provide an overview of current activities of the Audit Standards Board.

At the end of this session you will:

  • Be made aware of current standard setting activities
  • Understand requirements and effective dates of recent standards
  • Apply this information to your practice

Field of Study: Auditing

Monday, October 29, 2018 (1:40 pm–2:35 pm ET)

4B: Analytical Procedures for Reviews
Ms. Melissa Gragg Critcher, CPA ( The Association of International Certified Professional Accountants, Durham, NC ),

This session will help you to obtain an understanding of the financial and nonfinancial relationships in planning and evaluating the results of analytical procedures associated with a review engagement. The auditor will utilize their understanding of the client and their industry in order to properly design analytical procedures, identify the purposes of analytical procedures and the limitations of those procedures, and understand the identification of the relationships and types of data used, as well as conclusions reached when recorded amounts are compared with expectations, requires judgment.

Field of Study: Accounting

Monday, October 29, 2018 (1:40 pm–2:35 pm ET)

4C: Internal Controls for Small Businesses & Nonprofits
Ms. Samantha Bement, CPA, CFE ( RSM US LLP, McLean, VA ),

Companies come in all shapes and sizes and so should internal control environments. What works for a multi-national corporation likely will not work for a small business or non-profit organization. This course is designed to provide insights and guidance on “right-sizing” your control environment to meet your risk mitigation needs, no matter what those may be. Through a process of understanding your regulatory environment, assessing your organization’s risk and defining your organization’s risk tolerance, you will be able to design internal controls with the right level of rigor to support your objectives.  

Field of Study: Auditing

Monday, October 29, 2018 (1:40 pm–2:35 pm ET)

4D: Case Study: The Lifecycle of a Major Security Incident
Ms. Angela P. Doughty ( Ward and Smith, P.A., New Bern, NC ),

This interactive session will cover a real ransom virus security incident from inception to closure following a step-by-step analysis of the events that transpired, the impact to the affected company, and the steps taken to resolve the situation and mitigate future incidents. Examples of life cycle stages that will be discussed are: 1) identifying when an incident has occurred, 2) what actions should be taken in response to an incident and in what order, 3) what controls should be in place to mitigate the risk of an incident occurring, and 4) what might be the potential cost to the impacted company.

Field of Study: Information Technology

Monday, October 29, 2018 (2:45 pm–3:35 pm ET)

5A: A&A Software Review: New Audit Innovation Tools
Ms. Stephanie McCasland ( Briggs & Veselka Co, Houston, TX ),

We are in a constant state of disruption as the accounting profession is faced with new technologies. As the digital age expands, the accounting profession must develop/align our processes in response to this revolution.
 

The course will introduce current data extraction, preparation, and analytic tools in the market place and how these can be incorporated in the audit process or day to day operations.  We will explore various market tools such as Audit Accelerator, ASAP Utilities, IDEA, MindBridge, etc.

Field of Study: Information Technology

Monday, October 29, 2018 (2:45 pm–3:35 pm ET)

5C: Construction Fraud & Independent Monitorships
Mr. Michael Joseph Angerhauser, CPA ( Adam Shay CPA, PLLC, Wilmington, NC ), Mr. Michael Carroll ( K2 Enterprises, New York, NY ),

Integrity monitorships of companies in the construction industry involve designing analytical procedures to detect and deter the different varieties of fraud that have historically plagued major construction projects. Some of the types of fraud to be covered include bid-rigging, payroll schemes either designed to or resulting in the overbilling of the client agency, and overbilling through inflated payment applications and change orders. Schemes that subvert government programs to encourage the hiring of disadvantaged subcontractors, whether they be SBEs, WBEs, MBEs, or DBEs, will also be covered in this presentation. Attendees will leave to confidently monitor, investigate, and document the activities of the monitored entities to ensure compliance with the provisions of deferred prosecutions, legal agreements, or similar agreements with government agencies.

Field of Study: Specialized Knowledge

Monday, October 29, 2018 (2:45 pm–3:35 pm ET)

5D: Fraud in HR: Payroll and Travel & Entertainment Expenses
Mr. Gary D. Zeune ( The Pros and The Cons LLC, Powell, OH ),

Some of the cases and risks we’ll cover:
 * Payroll manager and family steal $1 million
 * How to spot ‘ghost’ employees
 * T&E fraud using purchasing cards
 * Common types of expense account fraud
 * Simple T&E fraud detection methods

Field of Study: Personnel/Human Resources

Monday, October 29, 2018 (3:50 pm–4:40 pm ET)

General #2: It Is All About the Truth: The Healthsouth Scandal
Mr. Aaron Beam ( Aaron Beam Speaks, Loxley, AL ),

There’s a lot that leads up to the final blow of the whistle. In his keynote session, Aaron Beam reveals how the Healthsouth accounting scandal began, the role Sarbanes-Oxley played in the exposure of the fraud, and the effects of fraud on our economy and society.
 

More than a reflection on a disastrous historical event, this session will discuss why large corporate fraud (such as Enron, Worldcom, and Healthsouth) occurs and will teach attendees practical ways in which companies and individuals can build on ethical strength to prevent further fraud tragedies.

Field of Study: Specialized Knowledge


Share This Event

Event Vendor:NCACPA
Field of Study:Accounting, Auditing, Information Technology, Personnel/Human Resources, Specialized Knowledge, Various
Level: Update

Event Type:Conference
Event Code:FRD18

Registration Fees

FRD18: Fraud & A&A Conference Registration Early Bird Regular
NCACPA Member N/A $305.00
Non-Member N/A $405.00