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| Exhibitors |
Visit our exhibitors during registration and networking breaks:
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Capital Confirmation |
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CCH |
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PICA |
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TSCPA is once again bringing in top-rated speakers from across the nation. With many concurrent sessions to choose from, this symposium is packed with information for both the traditional and non-traditional CPA.
Conference Highlights:
- Accounting Standards Update
- AICPA Update
- Technology Tools to Prevent Fraud
- Internal IT Controls for Small Business
- Transition to IFRS
- Impairment of Long-Lived Assets and Fair Value Accounting
- XBRL Level 1 - The Next Evolution in Financial Reporting
- FIN48
- An Update of Activities at the PCAOB
- ASB Update
- Standards for Tennessee CPAs: Important Ethical Concepts, Principles and the Rules for CPAs in Tennessee
- Financing Your Business in a Distressed Economy
- SAS 99 - Detecting & Preventing Accounting Software/Security Problems
- Compilation & Review - Areas of Concern
- Accounting for Non-Profit Entity
- White Collar Crime: Why? What? Who?
Course Level: Update
TSBA Subject Code: A/E
CPE Credit: 16 hours
| Registration Fees: |
By Oct. 25 |
After Oct. 25 |
| Member Discount Fee |
$335 |
$375 |
| Conference Fee |
$410 |
$450 |
Hotel Information:
Reservations may be made at the Embassy Suites Nashville Airport by calling 615/871-0033.
Please indicate that you are with the Tennessee Society of CPAs when making your reservation.
Registration Information
Enroll soon because space is limited. Register by Oct. 25 to pay the discounted registration fee. Registrations must be received seven days prior to the event in order to guarantee a seat and course materials. Allow approximately one week for receipt of confirmation.
Cancellations and Substitutions: Cancellations received by Nov. 1 will be assessed a $30 administrative fee. Cancellations received between Nov. 2 and 8 will be subject to a cancellation fee of 50 percent of the program fee. No refunds are given on or after the date of the program. A $30 administrative fee will be assessed for all substitutions and transfers. Registrants may substitute another individual up to the day before the conference. TSCPA must be notified in advance to ensure proper CPE credit.
Registration Fee Includes: conference, session highlights, continental breakfast, lunch and refreshment breaks
Suggested Dress: business casual.
TSCPA provides you with a Proof of Attendance that serves as your permanent record of participation. The Proof of Attendance, noting the credits earned, will be e-mailed within two weeks of the program.
If you have special needs under the Americans with Disabilities Act, please attach a written description or call the society office at 615/377-3825 or 1-800/762-0272.
Schedule at a Glance:
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| 7:30 - 8 a.m. |
Continental Breakfast/Registration
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| 8:05 - 9:45 a.m. |
1. Accounting Standards Update
Paula B. Thomas, DBA, CPA,
Professor of Accounting, Middle
Tennessee State University,
Murfreesboro, Tenn.
CPAs face a drastically changing accounting standard-setting arena. Despite the FASB’s efforts to simplify
GAAP research through the Codification Project, accounting standards continue to grow in complexity.
The Private Company Financial Reporting Committee is actively working to consider the needs of private
companies and their constituents. Though it is clear that U.S. enterprises will have to address international
accounting standards, both the timing and many implementation issues remain uncertain. In this session,
participants will hear an update on all of these issues, as well as recent accounting standards issued by the
FASB and significant topics on the standard-setting agenda. Find out how the FASB and IASB actions may
impact your clients or employer. |
| 9:45 - 10 a.m. |
Networking Break & Exhibit Viewing |
| 10 - 11:40 a.m. |
2. AICPA Update
Wynne E. Baker, CPA, CFF,
CBA, CSFA, Member-In-Charge,
Banking Industry Group,
KraftCPAs, PLLC, Nashville, Tenn.
This session will provide an update on the issues that are facing the CPA profession. Topics will include:
the international CPA exam, ADS program, Leadership Academy, Washington issues and Feed the Pig
program just to name a few.
3. Technology Tools to Prevent Fraud
Bryan L. Smith, CPA, CITP, CISA,
Co-Owner, CPA Crossings, LLC,
Rochester, Mich.
Are you concerned about the fraudulent access and use of your organizations data and information? This
session will provide a non-technical explanation and review of key technology tools that can be deployed
in any organization to prevent fraud and other external threats. The discussion will focus on the CPA's
perspective, whether you are a CPA advising clients or working as a controller or CFO. |
| 11:40 a.m. - 12:40 p.m. |
Lunch |
| 12:40 - 2:20 p.m. |
4. Internal IT Controls for Small Business
Bryan L. Smith, CPA, CITP, CISA,
Co-Owner, CPA Crossings, LLC,
Rochester, Mich.
Are you completely comfortable that your small business clients have the proper internal controls in place
to prevent unauthorized access and use of company information? This session will provide an explanation
and review of policies, procedures, tips and techniques to implement IT based internal controls in a small
business. We will cover real world best practices that you can implement when you return to your office or
use to advise your small business clients.
5. Transition to IFRS
Wynne E. Baker, CPA, CFF,
CBA, CSFA, Member-In-Charge,
Banking Industry Group,
KraftCPAs, PLLC, Nashville, Tenn.
What is the SEC doing to adopt IFRS for U.S. filers? When will small non-public filers be using IFRS?
What are the differences between U.S. GAAP and IFRS? What role will FASB play in setting worldwide
accounting standards? When will the CPA exam test for IFRS?
6. Impairment of Long-Lived Assets and FVA
Richard L. Townsend, Ph.D,
CPA, Associate Professor
of Accounting, University of
Tennessee, Knoxville, Tenn.
What is going on with fair value accounting? Several significant pronouncements have been issued or
proposed on this topic in the past year. These new pronouncements will be covered in the session. We will
also first look at the development of accounting guidance for fair value over the past 20 years. |
| 2:20 - 2:50 p.m. |
Networking Break & Exhibit Viewing |
| 2:50 - 4:30 p.m. |
7. XBRL Level 1 - The Next Evolution in
Financial Reporting
Bryan L. Smith, CPA, CITP,
CISA, Co-Owner, CPA Crossings,
LLC, Rochester, Mich.
Are you wondering what all the buzz is regarding XBRL? This session is designed to provide you with an
introduction to the increasingly popular XBRL (eXtensible Business Reporting Language). The use of XBRL
is increasing rapidly both nationally and internationally. It is only a matter of time before it directly impacts
all accounting and tax professionals. Upon completion of this course you will have a solid understanding of
what XBRL is, how can XBRL be applied and its future potential.
The list of topics covered in this course include:
| 1. Explanation of what XBRL is, including concepts and terminology. |
| 2. Impact of XBRL on financial reporting. |
| 3. Overview of how XBRL works. |
| 4. History of XBRL. |
| 5. Additional resources to expand your knowledge of XBRL. |
8. Overview of FASB Interpretation No. 48 (FIN 48),
Accounting for Uncertainty in Income Taxes
Wynne E. Baker, CPA, CFF,
CBA, CSFA, Member-In-Charge,
Banking Industry Group,
KraftCPAs, PLLC, Nashville, Tenn.
This session will provide an overview as well as updates of FIN 48, Accounting for Uncertainty in Income
Taxes, which was issued by the Financial Accounting Standards Board (FASB) in June 2006.
9. An Update of Activities at the PCAOB
C. Gregory Scates, Deputy Chief
Auditor, PCAOB, Washington, DC
What has been happening at the PCAOB? Learn about standards-setting activities such as the recently adopted
standard on engagement quality review, the suite of proposed risk assessment standards and
other standards-setting projects, including confirmations and related parties.
Also, receive a fresh update on inspections of registered firms as well as an update on recent enforcement
actions. |
| 4:30 p.m. |
Symposium Adjourns |
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| 7:30 - 8 a.m. |
Continental Breakfast/Registration
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| 8:05 -9:45 a.m. |
10. ASB Update
Harold L. Monk, Jr., CPA, CFE,
Partner, Davis, Monk &
Company, Gainesville, Fla.
This session will discuss new Statements on Auditing Standards and Exposure Drafts. It will also cover the
Clarity Project and the move toward convergence with International Auditing Standards. |
| 9:45 -10 a.m. |
Networking Break & Exhibit Viewing |
| 10 -11:40 a.m. |
11. Standards for Tennessee CPAs: Important Ethical
Concepts, Principles and the Rules for CPAs in
Tennessee
Mark Steadman, CPA,
CMA, Associate Professor of
Accountancy, East Tennessee
State University, Johnson City, Tenn.
CPAs are challenged with ethical issues throughout their professional careers, and often the path one
should take is not apparent. In such situations, it is important to be knowledgeable with regard to the AICPA
Code of Professional Conduct and its interpretations.
NOTE: This session satisfies one hour of general ethics and one hour of Tennessee state-specific
requirements set forth by the Tennessee State Board of Accountancy for CPAs licensed in Tennessee.
12. Capital Sourcing and Structuring During Economic
Downturns and Uncertainty
Chip Higgins, Senior Vice
President, Business Banking
Services Director, First Tennessee
Bank, Franklin, Tenn.
This session will bridge the gap between the boom in capital availability from 2003-2008 and today's
current environment of capital sources/availability. Specific topics will include an overview of sources of
capital, expected future changes to capital supply, key considerations for business owners in the pursuit of
capital in today's environment and specific recommendations for pursuing capital in the traditional banking
industry. A brief overview of credit quality trends in the banking industry will also be provided. |
| 11:40 a.m. -12:40 p.m. |
Lunch |
| 12:40 -2:20 p.m. |
13. SAS 99: How Accounting Software Security Can
Eat Your Lunch
Robert E. Palmer V, CPA,
President, Data Guidance Group, Inc., Memphis, TN
You've done a good job of looking at internal control. You've identified all the possible holes and tested for
them. You've brainstormed about vulnerabilities. But did you know that client employees were changing
vendor names and addresses directly? Did you know that they could change information on posted
invoices (and not just in QuickBooks!)? A 25 year veteran CPA and IT consultant shows you some of the
things you may not have thought about. The IT industry is actually creating problems for you that you may
not know exist. Giving clients more tools for accessing their data is a good thing in IT. It may not be a good
thing for you. How can you protect yourself? What audit tests can you do? What should you insist the client
IT personnel document? Attend this session and find out!
14. Compilation & Review - Areas of Concern
James R. Crockett, Professor
Emeritus, University of Southern Mississippi, Madison, Miss.
Compilation and review engagements pose potential legal and peer review problems. Participants will learn
how to deal with 8 specific potential problems: (1) wording the report (2) reporting when not independent
(3) disclosure requirements (4) financial statement format requirements (5) misclassifications on financial
statements (6) significant omissions on financial statements (7) Inadequate documentation and (8) client
representation letters. The session will cover SSARS requirements as related to these potential problem
areas and how practitioners should address them. Participants should gain a better appreciation of
potential problems in compilation and review engagements and an understanding of how to mitigate those
problems.
15. Non-Profit Annual Update
Larry C. Howlett, CPA,
President, Larry C. Howlett, CPA,
PLLC, Bowling Green, Ky.
This session will provide attendees with a non-profit accounting update. |
| 2:20 -2:45 p.m. |
Networking Break & Exhibit Viewing |
| 2:45 -4:25 p.m. |
16. White Collar Crime: Why? What? Who?
Trenton D. Watrous, CPA,
CVA, CFE, Partner, Whisenant,
Stewart, Watrous, & Associates,
PLLC, Nashville, Tenn.
White collar crime has become one of the hottest headlines; an act of greed disguised as "normal"
business and a costly menace on society. Why has white collar crime moved to the forefront of the evening
news? Who are the individuals committing white collar crime? What can we learn from the white collar
criminal's behavior patterns? This session will dig deep into the concepts of white collar crime past the
statistics and headline names.
|
| 4:25 p.m. |
Symposium Adjourns/Evaluations |
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4 Easy Ways to Register
By Internet
Online registration
By Fax
615/309-8054 or 615/377-3904
By Mail
Mail completed registration form and payment to:
Educational & Memorial Foundation of TSCPA
201 Powell Place, Brentwood, TN 37027
By Phone
1-800/762-0272 or 615/377-3825
This conference is presented by The Educational & Memorial Foundation of the Tennessee Society of Certified Public Accountants and the Accounting & Auditing Symposium Committee.
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© Tennessee Society of Certified Public Accountants
201 Powell Place • Brentwood, TN 37027
Phone: 615/377-3825 • Fax: 615/377-3904
Toll Free: 1-800/762-0272
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