Business Fraud Primer and Update
Total Credits: 1.2 including 1.2 Auditing- Technical
- Average Rating:
- 611
- Categories:
- Accounting and Auditing | Ethics | On Demand Pass
- Faculty:
- J. Michael Inzina, CPA, CGFM, CGMA | Margie Reinhart, CPA, CFF, CFE | Samantha Weeks, CFE,
- Course Levels:
- Update
- Duration:
- 1 Hour
- License:
- Never expires.
Description
The Accounting and Auditing Update is designed to provide participants with a comprehensive, in-depth review of what’s happening at the FASB, AICPA, and other professional bodies who may impact accounting and auditing this year, including FASB Statements and Interpretations, Statements on Auditing Standards, Auditing Interpretations, Audit Guides, Statements of Position, exposure drafts and projects in progress, with emphasis on the practical application and impact on practitioners in small to medium sized firms and members in industry.
In addition, our panel of experts will explore the increasingly important issue of Business Fraud, which impacts most businesses, especially smaller businesses that often lack the resources to address issues such as separation of duties. It is precisely these businesses where the CPA is the first line of defense against fraud. Learn how to assess the risk of fraud that is inherent in almost every business and take steps to combat them.
Finally, you will receive a Professional Ethics Update that will address the practical realities, as well as the regulatory requirements of the CPA professional.
Basic Course Information
Learning Objectives- Review the latest developments at the FASB, AICPA, and other professional bodies impacting accounting and auditing
Major Subjects
- Update of FASB Statements and Interpretations, including;
Private Company Council Activities,
FASB Simplification Initiative,
Implementation Matters for Major FASB Standards,
Select Other ASUs Recently Issued,
Select Projects Under Re-deliberation
- Update on Statements on Auditing Standards:
New Standards
Recently Issued Exposure Drafts
- SSARS Update:
Non-attest Services,
SSARS No. 21, 22 and 23
Projects and Exposure Drafts
- Business Fraud Primer and Update
- Professional Ethics Executive Committee (PEEC) Update
Course Materials
| ACPEN_Signature_2018-Accounting_Auditing_Update-Manual (9.41 MB) | 156 Pages | Available after Purchase |
Faculty
J. Michael Inzina, CPA, CGFM, CGMA Related Seminars and Products
J. Michael Inzina, CPA, CGFM, CGMA is president and CEO of Audit Litigation Training and Efficiency Consulting, Inc. (ALTEC), a consulting company serving the accounting and auditing community in audit efficiency, training, ethics and litigation support. In 2020 he retired from public practice after forty-four years, concentrated in governments, financial institutions, public utilities and nonprofit organizations. Mike holds a BBA in accounting from the University of Louisiana (Monroe), where he graduated summa cum laude in May 1976. He is a member of the American Institute of CPAs, the Society of Louisiana CPAs, the Association of Government Accountants and the GFOA, and earned the CEA in governmental in 1990. He was awarded the Certified Government Financial Manager (CGFM) designation in 1996, and the Certified Global Management Accountant (CGMA) designation in 2012. Mike is a past chapter president and member of the Society of Louisiana CPAs Board of Directors and served two terms as chairman of the Governmental Positive Enforcement Program of the Louisiana State Board of CPAs. He has served on numerous committees of the Society of Louisiana CPAs, and presently is a member and past chairman of its Ethics committee.
Mike has twice served as a member of the AICPA Professional Ethics Executive Committee (1986-1989, and 2000-2003), and served as a member of the AICPA Auditing Standards Board from 1997 to 2000. From 1986 to 1993, he served as a member of AICPA Independence and Behavioral Standards Subcommittee, and was Subgroup Chairman of the Governmental Technical Standards Committee. During this time he conducted numerous investigations of complaints filed by federal, state and local agencies alleging substandard performance of audits of governmental and nonprofit entities, and represented the Professional Ethics Division at hearings of the Joint Regional Trial Board.
He contributed to the GASB Statement 34 Implementation Guide, AICPA Statement of Position 98-3, the industry audit and accounting guide Audits of State and Local Governmental Units, the AICPA Practice Aid to SAS 99 (fraud) and assisted in revisions to the Louisiana Governmental Audit Guide and in drafting state legislation affecting governmental accounting and auditing requirements. He has served as technical consultant and instructor for the Louisiana Division of Administration (Office of Community Development), and as consultant to the Louisiana Department of Education. Mike frequently appears as moderator and panelist on the Accountants CPE Network.
He has been named thirteen times as an Outstanding Discussion Leader by the American Institute of CPAs and the Louisiana, South Carolina and West Virginia state societies. He received a Special Recognition Award from the Society of Louisiana CPAs Board of Directors for his contributions to continuing education in 1994, and was awarded the 2001 National Education and Training Award from the Association of Government Accountants. In 2009, Mike was named national Beta Alpha Psi Business Information Professional of the Year. In 2016, he received the Distinguished Service Award from the Society of Louisiana CPAs.
Margie Reinhart, CPA, CFF, CFE Related Seminars and Products
Director
The Kenrich Group, LLC
Margie Reinhart, CPA, CFF, CFE has devoted her career to be highly skilled in the multi-facets of forensic accounting, forensic data analytics, expert witness consulting, white collar investigations and fraud consulting. She has 12 years Big 4 experience and 10 years within a commercial setting. Possesses demonstrable success in analyzing and interpreting business performance data and producing insights for C-level leadership that ‘cuts to the heart’ of where business performance can be improved. Ms. Reinhart works closely with corporate executives, government agencies and law firms to serve as an expert in forensic accounting matters, fraud investigations, data analytics, interviews and interrogations, financial disputes, risk management, internal audit special projects, and litigation consulting. She has practiced both in the United States and Canada.
Samantha Weeks, CFE, Related Seminars and Products
Business Risk Analyst
Southwest Airlines, Dallas, TX
Additional Info
Basic Course Information
PrerequisitesMinimum to intermediate level of auditing experience
Advanced Preparation None
Designed For
Partners and managers responsible for planning and supervision of engagements, audit staff members who need to understand the changes which have occurred to enable them to conduct engagements, and persons in industry responsible for accounting, financial statement preparation, and internal audits
Original Recording Date 10/17/2018
Yellow Book Yes
Course Developer Business Professionals' Network, Inc.
Additional Information
Instructional Delivery Method Group Internet BasedReviews
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