Florida State University Accounting Conference (FSUAC)

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Thursday, May 10, 2018
General Sessions

Registration & Continental Breakfast


Introduction & Opening Remarks

15 Absolutely Essential employment Law Considerations for 2018 (Credits: 1.0 TB)

William T. Krizner
Owner and Operating Partner / The Krizner Group
Tallahassee, FL

With record litigation and a dramatic increase in governmental audits impacting local business, come join us for a fun interactive look at the areas that are most likely to create costly legal exposure at your company.  Topics to be covered will include key points of risk throughout the employment life cycle, common mistakes involving employee leave, and preparing for coming changes to federal wage and hour laws.

Florida Sales and Use Tax (Credits: 1.0 TB)

David Brennan
Attorney / Moffa, Sutton & Donnini, PA
Tallahassee, FL
James H. Sutton Jr, CPA, Esq., LLM (TAX)
Shareholder / Moffa, Sutton & Donnini, PA
Tallahassee, FL

The course provides an overview of the audit process, criminal investigations, informal appeals, and litigation. Information on targeted industries as well as 2017 changes in the law will be provided.

Financial Statement Analysis - KPI's (Credits: 1.0 AA)


GASB Update (Credits: 1.0 AA)

Wesley A. Galloway
Governmental Accounting Standards Board
Norwalk, CT


Lunch Presentation: State of the Profession/Legislative Update (Credits: 1.0 TB)


Emerging Technologies - The Future of the Industry (Credits: 1.0 TB)

Geoffrey D. Adams, CISA,CPA
Assistant Controller / Florida State University Office of the Controller
Tallahassee, FL

This will be a Q&A discussion with an account executive for an IT consulting firm that works closely with CPA firms and a professor of Florida State University who specializes in IT related issues and IT audits. The Q&A session will be moderated by a CPA who works in the audit field and a member of the FSU Accounting conference committee. 

Discussions will include a brief introduction of the speakers and their background in IT related fields. 
Discussions on the history of the profession and how technology has shaped the current environment. 
Discussions on the current technology environment and what CPA firms should be looking to improve. 
- encryption, firewalls/cyberattacks, research, paperless vs. paper, etc. 
A discussion on prospective new technologies and how they may shape the industry in the future. 
-Blockchain, -python, - automation, etc. 
A Q&A session from the audience.

Tax Reform Updates (Credits: 1.0 TB)

Mary A. McVicar, CPA
Law, Redd, Crona & Munroe, PA
Tallahassee, FL

Tax Reform Update under the Tax Cuts and Jobs Act (Signed 12/22/17) and 2018 Updates:

- Timeline and Scope of Tax Reform, Updates in 2018
- Individual Tax: Updates and Changes
- Estate and Gift Tax: Updates and Changes
- Business Updates: Overall Changes for Businesses and Updates by Entity Classification
- Final Parting Thoughts:Things to Consider

ERM COSO - Internal Control Updates (Credits: 1.0 AA)


Business Valuation: Avoid Getting into Trouble with Standards, Financial Reporting and Other Engagements (Credits: 1.0 AA)

Gary R. Trugman, CPA/ABV, MCBA, ASA, MVS
President / Trugman Valuation Associates, Inc
Plantation, FL
This presentation will include a discussion of how CPAs get into trouble by not understanding professional standards, taking on engagements that they are not competent to work on, as well as an overview of considerations of how to advise clients on business valuation issues.

Friday, May 11, 2018

Continental Breakfast

Auditing IT Projects (Credits: 1.0 AA)

James L. Worrell
Associate Professor of Accounting / University of Alabama at Birmingham College School of Business
Birmingham, AL

Effective project management is critical to the design and implementation of any new information system. Effective project management is a fundamental component of ensuring that requirements are gathered, enterprise resources are effectively leveraged and  that the end product meets user needs and expectations. Attendees will be introduced to key concepts and internal controls associated with project management as well as an audit program for auditing company (and IT) projects, to include risks, control objectives and suggested audit procedures.

SSAE 18 - SOC Reporting (Credits: 1.0 AA)

Marcia R. Main, CFE, CIA, CPA
Director of Enterprise Risk Management / Florida State Board of Administration
Tallahassee, FL

In this presentation, participants will learn about Statements on Standards for Attestation Engagements (SSAE) No. 18, the System and Organization Controls suite, and how the review of SOC reports benefits their third-party selection and monitoring programs.  Participants will also learn how to identify the SOC report that is right for their needs, what to look for during a review, and impacts of SSAE 18 changes.

Federal Single Audit Update (Credits: 2.0 AA)

Robert P. Bedwell, CPA
Controller / Supreme Hotel & Restaurant Supply Corp.
Pembroke Park, FL
Many federal fund recipients will be entering into year two of Single Audits conducted under the Uniform Guidance.  The Update will cover changes to the 2017 Office of Management and Budget (OMB) Compliance Supplement, the 2017 Government Auditing Standards (Yellow Book) exposure draft, as well as provide an update on the latest single audit activities.

Lunch Presentation: Complexity Kills: A New Road to Survival (Credits: 1.0 BE)

Matthew Johnson
Lead Consultant / The Frontier Project
Richmond, VA

History’s greatest minds—Whitman, Da Vinci, Thoreau, Newton, Hemingway—sought a life filled with the essential, free from the noise of complexity. A life lived true to the most authentic version of themselves. A life of simplicity.

It’s a life that doesn’t seem entirely compatible with modern work, where we send and receive more than 16,000 emails a year, spend a third of our time in meetings, and where most organizations have 35 times more processes, committees, and decision-making forums than the average did in 1950. Add in the impact of globalization, technology, and ever-changing laws and regulations, and it’s clear: we’re drowning in complexity.

Pulling on his eclectic experience as a mathematician, Pentagon policymaker, and consultant, Matt reveals that finding simplicity isn’t about removing or improving process, but creating purpose. It’s not about the how, but the why. He shares stories from companies that have tried—and failed—to reduce complexity, explaining how it can take a massive toll on employee engagement, efficiency, productivity, and the bottom line. He’ll then give you the tools you need to create simplicity for yourself, be it for your organization or your life, so you’re more than ready to take your first step on the path to greater purpose.

Business Continuity - For Disasters and Succession Planning (Credits: 1.0 TB)

Lamar Taylor, J.D., CPA
Chief Operating/Financial Officer / Florida State Board of Administration
Tallahassee, FL

In this presentation, participants will learn about business continuity standards and the benefits of preparing business impact analyses and testing disaster recovery plans.  Participants will also learn about how succession management can reduce costs, retain institutional knowledge and increase morale.

Understanding an Entity’s Information Technology Infrastructure to Meet Planning Requirements (Credits: 1.0 AA)

Brian R. Rue
Associate Director for the Information Security & Privacy Office / Florida State University
Tallahassee, FL

Understanding how an auditee's  IT system functions is a mandated component of planning a financial audit.  This presentation will focus on providing auditors with a basic foundation to build upon in understanding IT environments to meet that requirement.

Oops! I Stepped in a Pile of Fraud: The Legal, Ethical and Practical Considerations for CPAs When They Discover Fraud (Credits: 1.0 AA)

Michael B. Hood
Director / 21st Century Learning & Consulting, LLC
Hillsborough, NC

What are your legal, ethical and practical responsibilities if you uncover or suspect fraud?  In this session, you will discuss what you have to do, what you should or shouldn't do and the ethical ramifications of your decision.