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81st Annual Symposium

8:00 am–4:45 pm ET

# of CPE Credits

24

Description

Unfortunately, due to ongoing circumstances surrounding COVID-19, this years 81st Annual Symposium will only be held virtually. 
 
Join us for the 81st annual NCACPA Symposium! Participants will receive the most current and in-depth coverage of tax, accounting, business, and legal compliance trends critical to the profession, as well as an understanding of the challenges and opportunities on the horizon. Additionally, participants will leave Symposium with comprehensive knowledge of best practices in day-to-day operations and technology trends, as well as practical strategies to implement to enhance client service.

Objective

Participants will be able to describe current tax, accounting, business, and/or legal compliance trends and the challenges and opportunities on the horizon, assess whether their organizations are utilizing best practices in day-to-day operations and technology trends, and enhance client/customer service by implementing strategies and practical tips.

Highlights

Evolution of the Profession, Federal Tax Updates, NC Economics and Tax Updates, Cyber Security and Technology Updates

Who Should Attend

CPAs in industry and public practice

Required Knowledge

None

Advanced Prep

None

Event Speaker(s)

Ron Baker ( Business Learning Institute, Towson, MD ), Mr. Aleksander Joseph Bevensee, CPA ( Elliott Davis, Charlotte, NC ), Douglas Blizzard ( CAI, Raleigh, NC ), Mr. Stephen A. Brown ( Young Moore and Henderson, P.A., Raleigh, NC ), Ms. Sharon H. Bryson, M.Ed. ( NCACPA, Raleigh, NC ), Jack Miller Cathey, PhD, CPA ( UNC Charlotte-The Belk College of Business, Charlotte, NC ), Dr. Cal Christian, CPA, PhD ( East Carolina University-College of Business, Greenville, NC ), Mr. William Hunter Cook, CPA ( NCACPA, Morrisville, NC ), Dr. Harry M. Davis ( Appalachian State University, Boone, NC ), Dr. Robert E. Davis, CISA, CICA ( NCACPA, Morrisville, NC ), Mr. Joe Dickinson ( Smith Anderson, Raleigh, NC ), Abby Donnelly ( The Leadership & Legacy Group, Greenboro, NC ), Ms. Monique Eve Elliott, CPA ( Elliott Group CPAs, PLLC, Charlotte, NC ), Ms. Elizabeth Sheridan Gantnier, CPA ( Dixon Hughes Goodman LLP, Charlotte, NC ), Hector Garcia, CPA ( Quick Bookkeeping & Accounting LLC, Weston, FL ), Mr. Michael P. Glynn, CPA, CGMA ( The Association of International Certified Professional Accountants, New York, NY ), Mr. C. Wells Hall, III, JD ( Nelson, Mullins, Riley & Scarborough, LLP, Charlotte, NC ), Isaac Heller ( Smrt, Morrisville, NC ), Mr. Abner Benton Hunter, III, CPA/CITP, CFE, CISA, CRISC, CISM ( Bernard Robinson & Company, LLP, Greensboro, NC ), Ms. Kelli Allison Knoble, CPA ( Grant Thornton, LLP, Charlotte, NC ), Dr. Gary Kohut, PhD ( UNC Charlotte-The Belk College of Business, Charlotte, NC ), Mr. Jonathan Cory Kraftchick, CPA ( Cherry Bekaert LLP, Raleigh, NC ), Mr. Daniel Michael Lavelle, CPA ( Williams Overman Pierce, LLP, Raleigh, NC ), David Lin ( AssuredPartners, Morrisville, NC ), Mrs. Jennifer Foppe Louis, CPA ( Emergent Solutions Group, LLC, Charlotte, NC ), Mr. Philip Douglas Massey, CPA ( Dean Dorton Allen Ford, PLLC, Youngsville, NC ), Ms. Paula McMillan, CFP®, CPA/PFS, CGMA ( Stearns Financial Group, Greensboro, NC ), Timothy A. Nordgren ( Sands Anderson PC, Durham, NC ), Mr. Bruce Nunnally, CPA, CGMA ( Carr Riggs & Ingram, LLC, Miramar Beach, FL ), Mr. Jeffery Lee Odom, CPA ( J. Odom, LLC, Garner, NC ), Marcey Rader ( Work Well. Play More!, Raleigh, NC ), Mr. Bill Rand, Executive Director BAI ( NC State University, Raleigh, NC ), Mr. Jack Schmoll, CPA ( Schmoll CPA PLLC, Charlotte, NC ), Mr. Terence Blaney Stanaland, JD, CPA, ChFC ( Teague, Rotenstreich, Stenaland, Fox & Holt, LLP, Greensboro, NC ), Ms. Holly Sullenger, PhD ( Cary, NC ), Ashley Sullivan ( ), Ms. Marci S. Thomas, CPA, MHA ( Surgent McCoy CPE, LLC, Canton, GA ), Mr. James Hamilton Turner, Jr., CPA ( Turner Business Appraisers Inc., Matthews, NC ), Roger Upton, CPA ( MS Consultants, LLC, Pittsford, NY ), Doug Van Der Aa ( Van Der Aa Tax Ed, LLC, Novi, MI ), Renee Watkins ( CAI, Raleigh, NC ), Mr. Michael John Wenig, CPA, JD ( Tuggle Duggins, PA, Greensboro, NC ), Mr. Keith Allen Wood, CPA, JD ( Carruthers & Roth, PA, Greensboro, NC ), Ms. Carolyn Johnson Woodruff, CPA, JD, CVA ( Woodruff Family Law Group, Greensboro, NC ), Stephen M. Yoss, Jr., CPA ( K2 Enterprises, Hammond, LA ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.

Sessions

Monday, November 16, 2020 (8:00 am–8:50 am ET)

General #1: CPAs of Tomorrow: Evolution of the Accounting Profession & Education
Dr. Cal Christian, CPA, PhD ( East Carolina University-College of Business, Greenville, NC ),

Field of Study: Accounting

Monday, November 16, 2020 (9:00 am–10:15 am ET)

General #2: Federal Tax Update Individual & Corporate
Doug Van Der Aa ( Van Der Aa Tax Ed, LLC, Novi, MI ),

This session will address recent legislation, rulings, and developments affecting individual and corporate tax returns and provide practitioners with a comprehensive update for the upcoming tax season. In addition, we will focus on tips and pitfalls that we have encountered in serving our clients as they navigate the tax code.

Field of Study: Taxes

Monday, November 16, 2020 (10:25 am–11:35 am ET)

General #3: Economic Update (NC)
Dr. Harry M. Davis ( Appalachian State University, Boone, NC ),

Dr. Davis will discuss the current state of the economy. He will look at consumer spending, consumer income, and wealth creation. Dr. Davis will also examine the employment situation and the state of the housing market. The length and depth of the recession and recovery will be covered. Manufacturing and industrial output will also be discussed. He will look at economic metrics for both the US and state economies. Finally, he will end with an economic forecast.

Field of Study: Economics

Monday, November 16, 2020 (12:35 pm–1:25 pm ET)

1A: Sales and Use Tax
Mr. Jack Schmoll, CPA ( Schmoll CPA PLLC, Charlotte, NC ),

We will discuss the latest in multi-state sales and use taxes, including the dramatic changes in sales tax filing requirements. The impact of these changes reaches far beyond the typical online retailer and affects most businesses to some degree.

Field of Study: Taxes

Monday, November 16, 2020 (12:35 pm–1:25 pm ET)

1B: Peer Review Update
Ms. Elizabeth Sheridan Gantnier, CPA ( Dixon Hughes Goodman LLP, Charlotte, NC ),

This session is a “must attend” for auditors. The AICPA’s Ethics division is dedicated to audit quality and this includes enhanced peer reviews. We will discuss the Enhancing Quality Initiatives that auditors and peer reviewers should be paying special attention to, in particular risk assessment. We will also address changes in peer review that have occurred in 2020.

Field of Study: Auditing

Monday, November 16, 2020 (12:35 pm–1:25 pm ET)

1C: Top 5 Risks and Trends for NC Employers
Dr. Gary Kohut, PhD ( UNC Charlotte-The Belk College of Business, Charlotte, NC ), Renee Watkins ( CAI, Raleigh, NC ),

This session will provide insight into a few areas that are important for NC Employers to review as they are common risks and trends that can create issues for employers.

*Wage and Hour Issues
*Immigration as it relates to Form I-9 and E-Verify
*Termination Challenges
*FLSA Classifications
*Transparency & Communication

Field of Study: Personnel/Human Resources

Monday, November 16, 2020 (12:35 pm–1:25 pm ET)

1D: Social Media SEO
Mr. Daniel Michael Lavelle, CPA ( Williams Overman Pierce, LLP, Raleigh, NC ),

Acquiring new business is important so understanding what search engine optimization (SEO) is and how it can deliver qualified prospects to your virtual doorstep is essential. Dan Lavelle, CPA, partner at Williams Overman Pierce CPA, will share his insights in integrating SEO into their Internet marketing strategy. Learn what SEO is and how to optimize it for your business.

Field of Study: Communications & Marketing

Monday, November 16, 2020 (12:35 pm–1:25 pm ET)

1E: Finding and Retaining Good Staff
Dr. Gary Kohut, PhD ( UNC Charlotte-The Belk College of Business, Charlotte, NC ),

Do you have a strategy to find and keep top performers? Savvy leaders realize the benefits of retaining star employees, and that making a focused effort to retain top talent will save time, enhance morale and improve the overall performance of the organization. In this session, you will learn best practices for understanding the needs that companies must address to attract and retain Millennial and Gen Z workers; creating the right candidate experience to build a recruiting culture that values the candidate; focusing on employee retention, including onboarding best practices; creating a culture of feedback and career development, and more.

Field of Study: Personnel/Human Resources

Monday, November 16, 2020 (1:40 pm–2:30 pm ET)

2A: Merger & Acquisition and other Corporate Tax Reform After Tax Reform
Mr. C. Wells Hall, III, JD ( Nelson, Mullins, Riley & Scarborough, LLP, Charlotte, NC ),

The Tax Cuts and Jobs Act (TCJA) made significant changes to M&A and other business taxes. Before a client decides to use these tax savings to merge or acquire another business, you’ll need to understand how the transaction will be taxed under the current tax law. Topics include stock vs. asset purchase, qualified stock purchase under section 338(h)(10) or qualified stock disposition under section 336(e), the net operating loss provisions, and more.

Field of Study: Taxes

Monday, November 16, 2020 (1:40 pm–2:30 pm ET)

2B: Auditing Estimates

SAS 143, Auditing Accounting Estimates and Related Disclosures, was issued in July 2020. This new standard provides guidance for auditors who are addressing an increasingly complex financial reporting environment, This session will discuss the key factors in auditing estimates contained within the financial statements. Meredith Lincoln, CPA, will identify procedures used in auditing estimates, and items for the auditor to challenge or change in auditing estimates.

Field of Study: Auditing

Monday, November 16, 2020 (1:40 pm–2:30 pm ET)

2C: Employer Options 101 – PEO, ASO, HCM Demystified
Douglas Blizzard ( CAI, Raleigh, NC ),

Trying to figure out the appropriate mix of HR, Payroll and Benefits solutions for small-to-mid-sized business can be tricky. Acronyms and technical jargon abound from PEO, ASO, HCM, HRIS to HRM. This session will help you navigate your clients through the most popular options, addressing common offerings, benefits, pain points, and pointers.

Field of Study: Personnel/Human Resources

Monday, November 16, 2020 (1:40 pm–2:30 pm ET)

2D: A.I. & THE ACCOUNTING WORLD: WHAT'S COMING IN 2021?
Isaac Heller ( Smrt, Morrisville, NC ),

Due to recent technological innovations the CPA profession is on the verge of a great transformation. This session focuses on what CPAs need to know about artificial intelligence, starting with identifying what exactly artificial intelligence is and possible implications for CPAs. Examples will be provided to identify how AI is already being used to help automate and streamline accounting processes. Additionally, projections and forward-looking ideas will be presented for attendees to consider as AI platforms and tools become more mainstream.

Field of Study: Information Technology

Monday, November 16, 2020 (1:40 pm–2:30 pm ET)

2E: 2020 Professional Ethics & Conduct (50 Minutes)
Mr. William Hunter Cook, CPA ( NCACPA, Morrisville, NC ),

North Carolina Professional Ethics and Conduct rules are just one subsection of the set of rules and standards governing North Carolina CPAs. However, the importance of professional ethics merits an in-depth study, because making the right decision every time is hard! Without a solid ethical base, the rules are difficult to apply. The North Carolina Professional Ethics and Conduct rules provide the foundation for examining the standards of ethical conduct. These standards of ethical conduct are not only examined for those CPAs in public practice, but also for CPAs working in industry, government, and education throughout North Carolina. You will examine current trends in ethical behavior, social networking, and fraud. Real-life case studies supplied by North Carolina CPAs that examine those ethical dilemmas most prevalent in the workplace will be discussed.
Note—This activity fulfills the State Board’s annual minimum 50-minute ethics CPE requirement. The 50-minute ethics activity is required for annual license renewal for North Carolina CPAs and does not qualify one to obtain an original or reciprocal certificate (the NC Accountancy Law course required for certification and reciprocity is an eight-hour program that is also offered by NCACPA, and it satisfies this requirement). If you have questions, please contact the NC State Board of CPA Examiners.

Field of Study: Regulatory Ethics

Monday, November 16, 2020 (2:40 pm–3:30 pm ET)

3A: Impact of Recent Legislation (COVID-19) CARES Act, PPP Loans
Doug Van Der Aa ( Van Der Aa Tax Ed, LLC, Novi, MI ),

Field of Study: Taxes

Monday, November 16, 2020 (2:40 pm–3:30 pm ET)

3B: Lease Transition Issues
Mrs. Jennifer Foppe Louis, CPA ( Emergent Solutions Group, LLC, Charlotte, NC ),

FASB’s New Lease Accounting Standard greatly alters the accounting rules for leases and will have a huge impact on most companies’ financial reporting, and companies will need to address transition issues under the New Leases Standard. In this session, we will discuss transition related Q&As which may help you as you prepare to adopt the New Leases Standard.

Field of Study: Auditing

Monday, November 16, 2020 (2:40 pm–3:30 pm ET)

3C: Incident Response
Mr. Joe Dickinson ( Smith Anderson, Raleigh, NC ),

Is your organization prepared for a security incident? It’s probably not a matter of “if” an incident may happen; it is only a matter of “when.” Given that, do you know what steps to take when you have a breach? Once a breach occurs, you won’t have time to create a plan; therefore, you likely won’t take the right steps toward recovery. Creating an incident response plan (IRP) before disaster strikes is a critical step toward ensuring your organization recovers with minimal disruption. Join this session to learn the essentials of an IRP for your business.

Field of Study: Information Technology

Monday, November 16, 2020 (2:40 pm–3:30 pm ET)

3D: Data Transfer for Third Party Providers

Field of Study: Information Technology

Monday, November 16, 2020 (2:40 pm–3:30 pm ET)

3E: 2020 Professional Ethics & Conduct (50 Minutes)
Mr. William Hunter Cook, CPA ( NCACPA, Morrisville, NC ),

North Carolina Professional Ethics and Conduct rules are just one subsection of the set of rules and standards governing North Carolina CPAs. However, the importance of professional ethics merits an in-depth study, because making the right decision every time is hard! Without a solid ethical base, the rules are difficult to apply. The North Carolina Professional Ethics and Conduct rules provide the foundation for examining the standards of ethical conduct. These standards of ethical conduct are not only examined for those CPAs in public practice, but also for CPAs working in industry, government, and education throughout North Carolina. You will examine current trends in ethical behavior, social networking, and fraud. Real-life case studies supplied by North Carolina CPAs that examine those ethical dilemmas most prevalent in the workplace will be discussed.
Note—This activity fulfills the State Board’s annual minimum 50-minute ethics CPE requirement. The 50-minute ethics activity is required for annual license renewal for North Carolina CPAs and does not qualify one to obtain an original or reciprocal certificate (the NC Accountancy Law course required for certification and reciprocity is an eight-hour program that is also offered by NCACPA, and it satisfies this requirement). If you have questions, please contact the NC State Board of CPA Examiners.

Field of Study: Regulatory Ethics

Monday, November 16, 2020 (3:40 pm–4:35 pm ET)

4A: Opportunity Zones

Field of Study: Statistics

Monday, November 16, 2020 (3:40 pm–4:35 pm ET)

4B: Risk Assessment
Ms. Paula McMillan, CFP®, CPA/PFS, CGMA ( Stearns Financial Group, Greensboro, NC ),

The AICPA has identified that one in ten audit firms is not compliant with the risk assessment standards. This session will discuss how to properly identify risks and assess risk under AU-C 315 and how to respond to and identify risks under AU-C 330. We will focus on the audit risk model as well as the inherent risk and internal controls.

Field of Study: Auditing

Monday, November 16, 2020 (3:40 pm–4:35 pm ET)

4C: To Be Retirement Ready, Plan Now
Ms. Paula McMillan, CFP®, CPA/PFS, CGMA ( Stearns Financial Group, Greensboro, NC ),

Planning for retirement longevity and security is more critical than ever. We’re living a decade longer since the 1960s. Our entitlement programs, like Medicare and Social Security, are in need of reform. We’re experiencing a national savings crisis.
We question:
* How will I pay for those years when my paychecks stop coming, but inflation, taxes and market volatility don’t?
* Will I be able to afford my future healthcare and long term care costs?
* Will I run out of money?
* How can I avoid being a financial burden on loved ones?
To put these concerns aside and sleep better at night, plan now. Not tomorrow – now… While the best time to start planning for retirement was thirty years ago, the second best time is today. The earlier you make positive changes, the more options you will have, the less you will need to do and the least effort will be required.
So, move into the driver’s seat and take control. We’ll start working on that roadmap in this session. We’ll identify what you should be thinking about now and some specific actions to put in place. This is the session your “future you” would not want you to miss.

Field of Study: Specialized Knowledge

Monday, November 16, 2020 (3:40 pm–4:35 pm ET)

4D: What Your IT Company Should be Doing for You

What are the various ways of filling the role of IT support along with the pros/cons of each? What services and insight should your IT team be providing for your company? What are some red flags that they are not handling risks appropriately? And when does it make sense to consider in-house IT instead of (or in addition to) an external service provider? Walk away from this session with an understanding of current IT imperatives, qualitative measures to evaluate your IT provider’s performance, and a good idea of when it’s time to ask for more from them.

Field of Study: Information Technology

Monday, November 16, 2020 (3:40 pm–4:35 pm ET)

4E: Trusts/Estates Operational Issues
Timothy A. Nordgren ( Sands Anderson PC, Durham, NC ),

This session will explore a variety of tax and non-tax issues that can arise during the course of estate and/or trust administration. Specific topics to be covered will be the allocation of generation skipping transfer tax exemption, the distribution of capital gain income to trust beneficiaries, trust decanting, modification and termination, and making a portability election to claim the unused estate tax exemption of a deceased spouse.

Field of Study: Taxes

Tuesday, November 17, 2020 (8:00 am–9:15 am ET)

General #4: NC Tax Update
Mr. Keith Allen Wood, CPA, JD ( Carruthers & Roth, PA, Greensboro, NC ),

This session reviews recent North Carolina tax developments, including significant court decisions, rulings, statutory and regulatory developments involving individual income taxes, corporate income and franchise taxes, sales and use taxes, and tax administration.

Field of Study: Taxes

Tuesday, November 17, 2020 (9:30 am–10:30 am ET)

General #5: Focus on the Profession
Ms. Sharon H. Bryson, M.Ed. ( NCACPA, Raleigh, NC ), Ms. Kelli Allison Knoble, CPA ( Grant Thornton, LLP, Charlotte, NC ),

Sharon Bryson, CEO of NCACPA, and NCACPA Board of Director’s Chair Kelli Knoble, brings participants an interactive and informative session on the latest and most major issues affecting the profession and the business climate on state, national, and global levels. Kelli and Sharon will share insights on * Activities of standard setters and regulators in US Congress and the NC General Assembly * International trends that stand to affect you, your organization, and your clients * Latest actions taken by the NC State Board of CPA Examiners * Changes in store for you from NCACPA and the AICPA

Field of Study: Accounting

Tuesday, November 17, 2020 (10:45 am–11:45 am ET)

General #6: Presentation Skills
Ms. Holly Sullenger, PhD ( Cary, NC ),

Death by PowerPoint is not a happy catchphrase in our business culture, but we’ve all experienced it. We may have even caused it! Fortunately, with a little knowledge you can develop and deliver a memorable presentation that gets you the results you need. In this seminar, Dr. Holly Sullenger will show you the three things you can put into place to guarantee a successful business presentation.

Field of Study: Personal Development

Tuesday, November 17, 2020 (12:45 pm–2:00 pm ET)

5A: Equity Compensation - Basics of Compensating Employees and Service Providers with Equity
Mr. Michael John Wenig, CPA, JD ( Tuggle Duggins, PA, Greensboro, NC ),

Equity compensation is the practice of granting partial ownership in a company in exchange for work. In its ideal form, equity compensation aligns the interests of individual employees with the goals of the company they work for. In this session we will discusses the basics of stock based plans (RSA, RSUs and options) and LLC/partnership based plans, exam how each is taxed on grant and disposition and discuss some of the related issues such as dividends, Section 83(b) elections and plan pitfalls. If time allows we will also discuss phantom plans.

Field of Study: Taxes

Tuesday, November 17, 2020 (12:45 pm–2:00 pm ET)

5B: Employee Benefit Plan Update
Ms. Monique Eve Elliott, CPA ( Elliott Group CPAs, PLLC, Charlotte, NC ),

This session will include recent accounting and auditing standards and highlight how they impact benefit plan administration and audits. We will also focus on key IRS and DOL issues and tips for how to better monitor the benefit plan to prevent and detect common plan issues.

Field of Study: Auditing

Tuesday, November 17, 2020 (12:45 pm–2:00 pm ET)

5C: Moving to Cloud Computing

Cloud providers have spent vast sums of money marketing the benefits of the cloud. Cloud applications can increase accessibility and reduce software headaches, but if poorly implemented they can also vastly increase costs and risks. This session will separate cloud facts from myths by providing the pros and cons of a wide range of current cloud applications. After attending, you’ll be better able to make informed decisions about which applications at your company are ripe for cloud transition and which ones you may want to remain on-premise. Further you will also learn key questions to ask any cloud provider and how to spot risks associated with their cloud offerings.

Field of Study: Information Technology

Tuesday, November 17, 2020 (12:45 pm–2:00 pm ET)

5D: Quickbooks Desktop and Online
Hector Garcia, CPA ( Quick Bookkeeping & Accounting LLC, Weston, FL ),

Converting the top tips and tricks (covering the latest NOV 2020 updates to QuickBooks Online and QuickBooks Desktop 2021) such as: Dating and Navigation Shortcuts, Bank Register manual data entry tips, importing data from Excel/CSV file, and working with Bank Feeds)

Field of Study: Computer Software & Applications

Tuesday, November 17, 2020 (12:45 pm–2:00 pm ET)

5E: Value vs Hourly Billing
Ron Baker ( Business Learning Institute, Towson, MD ),

Understanding how people make buying decisions is a key component to any successful pricing strategy. By grasping the concepts of how humans make decisions you can be better equipped to price successfully and increase your profitability. This session will provide a look at behavioral economics, marketing strategy, and customer psychology, and how these principles should be applied to pricing.

Field of Study: Business Management & Organization

Tuesday, November 17, 2020 (2:15 pm–3:30 pm ET)

6A: Income, Gift and Estate Tax Implications of Life Insurance
Mr. Terence Blaney Stanaland, JD, CPA, ChFC ( Teague, Rotenstreich, Stenaland, Fox & Holt, LLP, Greensboro, NC ),

Mr. Stanaland will discuss the income, gift and estate tax implications of life insurance. He will also focus on the regulation relating to corporate owned life insurance and the new transfer for value rules. Tax traps to avoid and warning signs of abuse will also be discussed as will the valuation of a life insurance policy.

Field of Study: Taxes

Tuesday, November 17, 2020 (2:15 pm–3:30 pm ET)

6B: Auditing & Attest Standards Update
Mr. Michael P. Glynn, CPA, CGMA ( The Association of International Certified Professional Accountants, New York, NY ),

The session will cover recently issued audit and attest standards and guidance​ including SSAE No. 19, Agreed-Upon Procedures Engagements; SSAE No. 21, Direct Examination Engagements; and SAS Nos. 134-143 including the auditor reporting suite of standards. The session will also include proposed standards in public exposure and other projects of the Auditing Standards Board.

Field of Study: Auditing

Tuesday, November 17, 2020 (2:15 pm–3:30 pm ET)

6C: Auditing of System Implementation
Mr. Abner Benton Hunter, III, CPA/CITP, CFE, CISA, CRISC, CISM ( Bernard Robinson & Company, LLP, Greensboro, NC ),

Field of Study: Auditing

Tuesday, November 17, 2020 (2:15 pm–3:30 pm ET)

6D: Excel
Hector Garcia, CPA ( Quick Bookkeeping & Accounting LLC, Weston, FL ),

Field of Study: Computer Software & Applications

Tuesday, November 17, 2020 (2:15 pm–3:30 pm ET)

6E: Navigating Medicare Madness
David Lin ( AssuredPartners, Morrisville, NC ),

Confused about Medicare? ?
Can’t figure out your Part A from your Part C (or B or D)?
What’s the deal with $0 premium plans??

This interactive seminar will help you understand the Medicare process and the differences between Medicare options. We’ll also help you plan for your clients as they approach Medicare eligibility.

Field of Study: Specialized Knowledge

Tuesday, November 17, 2020 (3:45 pm–4:40 pm ET)

7A: Real Estate Tax
Ashley Sullivan ( ), Roger Upton, CPA ( MS Consultants, LLC, Pittsford, NY ),

This seminar will discuss not only the Tax Act, but recently passed final and proposed regulations regarding depreciation. We will discuss:
* Qualified improvement property opportunities * UNICAP and real estate
* Two huge opportunities with Sec. 1031 exchanges
* Understanding the 100% bonus depreciation
* Issues with Sec. 179 and real estate leases

Field of Study: Taxes

Tuesday, November 17, 2020 (3:45 pm–4:40 pm ET)

7B: FASB Update

Keeping up with U.S. GAAP can be overwhelming. This session will provide a timely update on relevant Financial Accounting Standards Board (FASB) accounting issues in 2020, with an emphasis on private companies.

Field of Study: Auditing

Tuesday, November 17, 2020 (3:45 pm–4:40 pm ET)

7C: IT Audit Basics for the Non-IT Person
Dr. Robert E. Davis, CISA, CICA ( NCACPA, Morrisville, NC ),

Information technology (IT) has become a critical entity component. With the advancement of computing power, entity manager-leaders have become increasingly dependent on IT to carry out operational requirements for collecting, processing, maintaining, and reporting essential data. This reliance on electronically encoded data and the systems that affect managerial decisions is a significant concern of audit professionals. Assuring an entity’s governance, including risk management and control processes, requires auditors to understand the role of IT within the entity and to develop adequate knowledge and skills to audit IT-based systems as the line separating “IT” and “non-IT” audits are beginning to disappear, except in the very technical IT domains.

Consequently, auditors examine the adequacy of controls in information systems and related operations to assure effectiveness and efficiency in business processes. In addition, among other assurance services, auditors evaluate the reliability of computer-generated data supporting financial statements and analyze specific programs and their processing results. To ensure maximum value delivery from audit area assessments, oversight committee members need an evaluation methodology that enables confidence in the work performed by auditors. The course design gives non-IT persons an overview of the various considerations for performing IT audits.

Field of Study: Information Technology

Tuesday, November 17, 2020 (3:45 pm–4:40 pm ET)

7D: Blockchain

Field of Study: Information Technology

Tuesday, November 17, 2020 (3:45 pm–4:40 pm ET)

7E: Personality Testing in Hiring/Retention of Staff
Abby Donnelly ( The Leadership & Legacy Group, Greenboro, NC ),

Join Abby Donnelly in this engaging program where you’ll learn:

*Which assessment instruments are most popular in business today.
*What your personality type says about why you might love them — or not!
*The strengths and benefits of using personality tests in the workplace.
*The risks and weaknesses of using them.

By the end of the program, participants will be able to determine whether personality tests would be a beneficial addition to their business and how to best implement them.

Field of Study: Personnel/Human Resources

Wednesday, November 18, 2020 (8:00 am–9:15 am ET)

8A: Basis at Risk
Doug Van Der Aa ( Van Der Aa Tax Ed, LLC, Novi, MI ),

Field of Study: Taxes

Wednesday, November 18, 2020 (8:00 am–9:15 am ET)

8B: SSARS/SSAE Update
Mr. Bruce Nunnally, CPA, CGMA ( Carr Riggs & Ingram, LLC, Miramar Beach, FL ),

This session will cover current activity of the Accounting Review Services Committee including the recent issuance of SSARS 25. We will also review recently issued additions to Attestation engagements, specifically related to agreed upon procedures.

Field of Study: Auditing

Wednesday, November 18, 2020 (8:00 am–9:15 am ET)

8C: The Power of Business Analytics
Mr. Bill Rand, Executive Director BAI ( NC State University, Raleigh, NC ),

Business Analytics has the potential to transform the modern organization — making the organization more efficient, robust and successful than ever before. To make this transformation, we need to take advantage of the volume, velocity and variety of modern data. To properly take advantage of these transformations, we will discuss what can be done to educate employees and members of organizations, how to take advantage of cutting edge research in business analytics, and how to transform large-scale data, in all its forms, from raw data to the wisdom necessary to guide organizations. We will also be discussing the newly launched Business Analytics Initiative at NC State’s Poole College and how it can be a resource for organizations who are interested in this cutting edge topic.

Field of Study: Statistics

Wednesday, November 18, 2020 (8:00 am–9:15 am ET)

8D: Top PDF Features You Should Know
Stephen M. Yoss, Jr., CPA ( K2 Enterprises, Hammond, LA ),

Stop struggling with PDFs! Using Adobe Acrobat, and other PDF tools, provides access to a number of features, which make working with these common files a breeze. In this course, you will learn how to use tools and features, such as PDF forms, redaction, converting PDFs to Word and Excel files, electronic signatures, creating and applying tick marks, building indices and catalogs, portfolios, and securing PDF documents, to their fullest in order to work more effectively and efficiently with PDF documents. The popularity and usefulness of PDFs increases daily, but most PDF users have not learned how to manipulate PDF documents effectively. Accordingly, they struggle and strain with these very common files. You do not need to let this be the case. Join us in this very timely program where you will learn the top features necessary to optimize your work with PDF documents.

Field of Study: Computer Software & Applications

Wednesday, November 18, 2020 (8:00 am–9:15 am ET)

8E: Business Valuation: 10 Things Every CPA Needs to Know
Mr. James Hamilton Turner, Jr., CPA ( Turner Business Appraisers Inc., Matthews, NC ),

In this lively and interactive session we will discuss the answers to business valuation questions that your clients are likely to ask. Moreover, we will unpack topics that are timely and relevant for all CPA’s. Here is a sample of the topics we will cover:

1. What are the drivers of business value
2. What are add-backs
3. Rules of thumb–are they reliable (sources too)?
4. CPA firm valuation
5. Calculated Value versus Conclusion of Value
6. SBA business valuation
7. Equitable Distribution Valuation in N.C.
8. The approaches to value and when they are applicable
9. Why 51% is 100% better than 49%
10. Q&A

Field of Study: Specialized Knowledge

Wednesday, November 18, 2020 (9:30 am–10:45 am ET)

9A: Tax Considerations for Premarital Agreements and Divorce
Ms. Carolyn Johnson Woodruff, CPA, JD, CVA ( Woodruff Family Law Group, Greensboro, NC ),

Field of Study: Taxes

Wednesday, November 18, 2020 (9:30 am–10:45 am ET)

9B: Technology Trends/Future of the Profession
Mr. Aleksander Joseph Bevensee, CPA ( Elliott Davis, Charlotte, NC ), Mr. Joe Dickinson ( Smith Anderson, Raleigh, NC ), Mr. Jonathan Cory Kraftchick, CPA ( Cherry Bekaert LLP, Raleigh, NC ), Mr. Philip Douglas Massey, CPA ( Dean Dorton Allen Ford, PLLC, Youngsville, NC ), Mr. Jeffery Lee Odom, CPA ( J. Odom, LLC, Garner, NC ),

Field of Study: Information Technology

Wednesday, November 18, 2020 (9:30 am–10:45 am ET)

9C: GDPR/Data Privacy
Mr. Joe Dickinson ( Smith Anderson, Raleigh, NC ),

The EU General Data Protection Regulation (GDPR) is now in effect—and it changes the landscape of regulated data protection law and the way companies will be expected to operate when they gather, process, maintain, and protect customer data. Gain a greater understanding of GDPR, including its scope and requirements.

Field of Study: Information Technology

Wednesday, November 18, 2020 (9:30 am–10:45 am ET)

9D: Bringing Artificial Intelligence to Your Excel Workbooks
Stephen M. Yoss, Jr., CPA ( K2 Enterprises, Hammond, LA ),

If you are an Office 365 subscriber, you should know that Microsoft is bringing artificial intelligence to your Excel workbooks. These leading‐edge features include Ideas, new data types, the ability to insert data from a picture, and dynamic arrays. If you know how to use these tools, these AI‐powered additions to Excel will save you time and improve accuracy. Take part in this session to learn how you can bring artificial intelligence to your Excel workbooks.

Field of Study: Computer Software & Applications

Wednesday, November 18, 2020 (9:30 am–10:45 am ET)

9E: Top 10 Issues Facing Nonprofit Boards for 2021
Ms. Marci S. Thomas, CPA, MHA ( Surgent McCoy CPE, LLC, Canton, GA ),

Even before the advent of COVID-19 there were forces in play that started challenging the way that boards of nonprofit organizations were approaching governance. Technological, environmental, geopolitical, and socioeconomic factors have been transforming the expectations of regulators, grantors, donors, and constituents for the last several years. High performing nonprofits have already begun to revamp their principles and practices to address the needs and preferences brought about by the changing world. COVID-19 has served to accelerate that shift. This session will explore ten critical areas that boards should explore for 2021 and beyond.

Field of Study: Specialized Knowledge

Wednesday, November 18, 2020 (10:55 am–12:10 pm ET)

General #7: Cyber Security
Mr. Stephen A. Brown ( Young Moore and Henderson, P.A., Raleigh, NC ),

Field of Study: Information Technology

Wednesday, November 18, 2020 (1:00 pm–2:15 pm ET)

General #8: Work Well. Play More!
Marcey Rader ( Work Well. Play More!, Raleigh, NC ),

Do you have trouble creating boundaries to focus on your health and relationships?
Are your work and home life a blur because you work remotely and don’t know when to turn it off?

There is a constant struggle of being present when there are computers, phones, and watches vying for our attention. Our ability to concentrate has decreased, and we are captive to our devices. Our performance weakens, and we can’t devote the brainpower to give our best work. Relationships and our health pay the price when we lose the power to be present. With the right boundaries in place, you can get into the focus zone and get your work done effectively without working extended hours.

Field of Study: Personal Development

Wednesday, November 18, 2020 (2:30 pm–4:10 pm ET)

General #9: Technology Update
Jack Miller Cathey, PhD, CPA ( UNC Charlotte-The Belk College of Business, Charlotte, NC ),

It’s no longer possible to imagine business operating without technology and this past year has brought that reality into an even closer focus. This session will provide updates for common business platforms and tools including Windows and Office. In addition, new analytics tools and methods will be discussed. It will also focus on mobile platforms and devices including the iPhone/iOS and Android. A review of new cyber threats and associated security practices will be covered. The session will conclude with a focus on emerging technologies that will likely have value and impact on accounting systems and processes.

Field of Study: Information Technology


Share This Event

Event Vendor:NCACPA
Field of Study:Accounting, Auditing, Business Management & Organization, Communications & Marketing, Computer Software & Applications, Economics, Information Technology, Personal Development, Personnel/Human Resources, Regulatory Ethics, Specialized Knowledge, Statistics, Taxes, Various
Level: Overview

Event Type:Webcast
NASBA Instructional Method:Group Internet Based
Event Code:WCNSYM20


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Early Bird Rate expires November 2, 2020

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