Mega CPE Conference (MEGA)

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Wednesday, June 10, 2020
Registration, Continental Breakfast, and Opening Remarks
7:00am-8:00am
Breakout Session

Breakout 1: Ethics - Protecting the Integrity of Florida CPAs (4980) (Credits: 4.0 ET)
8:00am-11:50am

J. E. Grossman, CPA, CFE, CMA, CGMA
Principal / CliftonLarsonAllen
Lakeland, FL

As professionals, CPAs often face complex and challenging ethical situations.  This course provides a framework to assist CPAs address their ethical and regulatory obligations and comply with professional requirements.  Through interactive discussion we will explore recent trends in business and professional ethics along with the application of specific rules and requirements applicable to CPAS.  Our focus will be on the obligations imposed on CPAs by the Florida Statutes, the Rules of the Florida Board of Accountancy, and the AICPA Code of Professional Conduct.

The course fulfills the biennial ethics requirement for Florida CPAs and is designed for professionals in public practice and those working in industry or government.


Breakout Session (Only choose if not attending Ethics)

Breakout 2: Employee Benefits: Department of Labor Update (Credits: 1.0 AA)
8:00am-8:50am


What's going on at the DOL that will impact the upcoming in season's benefit plan audits?


Breakout Session (Only choose if not attending Ethics)

Breakout 3: Employee Benefits: 401(k) Auditing 101 (Credits: 1.0 AA)
8:50am-9:40am

Jodi Malis, CGMA,CPA
Partner / Hancock Askew & Co LLP
Coral Gables, FL

Learn the basics of auditing 401(k) plans.  Auditing a 401(k) plan has many differences from a traditional financial statement audit.  Examine key areas in a 401(k) audit including planning, eligibility, contribution, distribution and loan testing.  Auditing in an electronic environment will also be explored.


Break
9:40am-10:00am
Breakout Session (Only choose if not attending Ethics)

Breakout 4: Employee Benefits: EBPAQC Update and Quality Initiatives (Credits: 1.0 AA)
10:00am-10:50am

Ian A. MacKay, CPA
Director, Federal Regulatory Affairs / AICPA
Washington, DC

Learn a variety of methods to perform EBP audits more efficiently and effectively.


Breakout Session (Only choose if not attending Ethics)

Breakout 5: Employee Benefits: Audit and Accounting Update (Credits: 1.0 AA)
10:50am-11:40am

Monique Elliott
Managing Member / Elliott Group CPAs, PLLC
Charlotte, NC

Explore new and upcoming audit and accounting standards, including walk throughs of relevant examples.


Lunch
11:40pm-1:00pm
Breakout Sessions(choose one)

Breakout 6: Employee Benefits Roundtable (Interactive) (Credits: 1.0 AA)
1:00pm-1:50pm

John Burgess, CPA,Esq.,LLM (TAX)
Partner / Shumaker, Loop & Kendrick, LLP
Tampa, FL

Engage in conversations with experts and other practitioners to discuss important topics and issues in the employee benefits practice.  Online attendees will observe a conversation between experts with the opportunity to ask questions.


Breakout 7: Strengthening Client Relationships While Monetizing Services You May be Giving Away for Free (Credits: 1.0 TB)
1:00pm-1:50pm


Your best client relationships will come from those who truly understand the value partnering with your firm brings to their business. Hear proven practices of strengthening your client relationships through shared value agreement. Through placing the right value on the services you provide, your clients have a better understanding of how your firm fits into their ongoing business plan. Not only is their understanding better, but you will be able to monetize the services you are offering to your customers – delivered in an efficient and profitable manner.  Objectives:  Discern client ‘wants’ from ‘needs’;  Define the difference between an ‘Advisory Relationship’ and an ‘Advisory Service’; Recognize valued advisory services you are already providing for your clients; and Start the path to monetize the services you are providing to your clients. 


Breakout Sessions(choose one)

Breakout 8: Employee Benefits: Audit Update (Credits: 1.0 AA)
1:50pm-2:40pm

James Haubrock
Shareholder / Clark, Schaefer, Hackett & Co.
Miamisburg, OH

Review current new accounting and auditing standards impacting employee benefit plan audits, as well as those impacting future audits.  Review the new auditors' reporting standard and how you'll need to prepare for future audits as well as what your clients will need to be ready to address.


Breakout 9: An Overview of the Emerging Cannabis Sector (Credits: 1.0 TB)
1:50pm-2:40pm


Cannabis.  Hemp.  CBD.  This new financial sector is emerging, with lots of questions from all sides.  What is the difference between medical and recreational marijuana?  Why is hemp important to Florida?  What is the current legislation related to hemp?  What federal legislation is in process?  Learn the banking and business considerations in the hemp industry.  This session lays the groundwork for the full-day MEGA cannabis concentration on Friday, June 12.


Break
2:40pm-3:00pm
Breakout Sessions(choose one)

Breakout 10: Employee Benefits: Risk Assessment and Internal Controls (Credits: 1.0 AA)
3:00pm-3:50pm

Tiana Wynn
Senior Manager / SB & Company, LLC
Owings Mills, MD

Identify issues associated with the risk assessment standards in employee benefit plan audits and review resources available to help auditors perform more effective risk assessments, appropriately link their risk assessments to their audit procedures and comply with the standards.


Breakout 11: Mergers and Acquisitions (Credits: 1.0 **)
3:00pm-3:50pm


Hear the latest on hot topics and emerging issues. TBD.


Break
3:50pm-4:00pm
Breakout Sessions(choose one)

Breakout 12: Employee Benefits: Internal Control and SOC 1 (Credits: 1.0 AA)
4:00pm-4:50pm

Tiana Wynn
Senior Manager / SB & Company, LLC
Owings Mills, MD

Understand the impact of the SOC 1 Type 2 report on the risk assessment process in employee benefit plans.  Review available tools to effectively document the auditor's understanding of the controls, the service organizations and the relevant user control considerations.


Breakout 13: Hot Topic (Credits: 1.0 **)
4:00pm-4:50pm


Hear the latest on hot topics and emerging issues. TBD.


Welcome Reception
5:00pm-7:00pm

Yes, I will be attending the Welcome Reception
5:00pm-7:00pm



No, I will not be attending the Welcome Reception
5:00pm-7:00pm



Thursday, June 11, 2020
Registration and Continental Breakfast
7:00am-8:00am
Introduction and Opening Remarks
8:15am-8:30am
General Session

Keynote: Don't be Automated: Skills for Staying Relevant (Credits: 1.0 TB)
8:30am-9:20am


Bots, AI and machine learning - Oh My!  Will accountants go the way of buggy-whip manufacturers?  There will always be a need for smart CPAs who can adapt.  No need to panic as long as you develop the skills that computers don't have.  Come learn the Top 10 Skills you need to stay relevant, valuable and future-ready.


Break
9:20am-9:40am
Breakout Session (Choose One)

Breakout 14: Personalizing Firm Technology to Live a Better Life (Credits: 1.0 TB)
9:40am-10:30am


As Clients needs change and require more of your time and insight, your firm must first leverage impactful workflows that enable you to automate more compliance work and spend more time with your clients to help them reach their goals.  Learn the importance of an efficiently designed and standardized set of technology applications to implement in multi-service tax and accounting firms that will streamline firm services, processes and operations to help you find time for things that matter most to you.  Learn how to create a cloud-based tech stack to deliver Client Accounting Services (CAS) and real time accounting.  Identify the anchor platforms for CAS, tax and practice management and review how most transactional tasks can be automated.  Integrate cloud applications that automate and streamline CAS tasks for the firm and the client.


Breakout 15: State Tax: State Tax Innovation Automation and Analytics (Credits: 1.0 TB)
9:40am-10:30am

Aaron Fell
Manager / Grant Thornton LLP
Jacksonville, FL
AND
Brian Howsare, JD
Manager - Indirect Tax / Grant Thornton LLP
Tampa, FL
AND
Kaila M. Regan
Grant Thornton LLP
Tampa, FL

Explore the importance of data analytics and visualization capabilities in connection with the state tax function.  Observe a platform that can automate aspects of data collection and transformation, all the while providing a platform to allow taxpayers to gain insights into their data.


Breakout 16: Moving on Up: From Unheard Nerd to Prized Partner (Credits: 1.0 TB)
9:40am-10:30am


You've got the smarts.  You've put in the hours, many hours.  You've made the jump from unsophisticated staff to masterful manager.  But brains and brawn are not enough to elevate you to the prized partner position.  It's a different world at the partner level and it requires a new attitude and a different set of skills.  This fast-paced, interactive session will cover the 10 essentials skills to becoming a prized partner.
 


Breakout Session (Choose One)

Breakout 17: Technology Topic (Credits: 1.0 TB)
10:40am-11:30am


Details to come!


Breakout 18: State Tax: Trending Multi-State Tax Cases That Impact Your Businesses' Tax Footprint - Part 1 (Credits: 1.0 TB)
10:40am-11:30am

Marshall C. Stranburg, JD, LLM
Deputy Executive Director / Multistate Tax Commission
Washington, DC
AND
Jordan M. Goodman, JD, Esq., CPA
Partner / Horwood Marcus & Berk
Chicago, IL

This 2-part presentation will provide an update on recent state and local tax cases and statutory changes that will affect clients' businesses.  Topics include: when can a state impose its taxing jurisdiction on an out-of-state business and what taxpayers can do to protect themselves.  Hear the latest in apportionment issues.  Examine the latest in retroactive law changes and how best businesses can avoid historical liability. 


Breakout 19: How to Weaponize a Company Retirement Plan for Tax Efficiency (Credits: 1.0 TB)
10:40am-11:30am


Today's marketplace for qualified plans in generic and commoditized. Business owners view qualified plans as a necessary evil to compete for talent and not a weapon to mitigate tax.  Learn about the modern market for qualified plans.  Qualified plans, why bother?  Hear about cultural considerations.  To W2, distribute or defer, that is the question!  Hear about tax efficiency - the parameters of what is possible.  Explore the weaponization of the code for tax efficiency through multiple scenarios  and demographical considerations.


Break
11:30am-11:50am
Breakout Session (Choose One)

Breakout 20: Humans Hacking Humans: Exploiting the Human Element of Cybersecurity (Credits: 1.0 TB)
11:50am-12:40pm


Humans can be the strongest line of defense within an organization - but they can also be your weakest link.  Learn from real-world examples of social engineering tactics used to gain access to an organization's most critical assets before the bad guys do.


Breakout 21: State Tax: Trending Multi-State Tax Cases That Impact Your Businesses' Tax Foorprint - Part 2 (Credits: 1.0 TB)
11:50am-12:40pm


This is a continuation of breakout # 18.


Breakout 22: Hot Topic (Credits: 1.0 **)
11:50am-12:40pm


Details to come!


Lunch
12:40pm-2:00pm
Breakout Session (Choose One)

Breakout 23: Introduction to Data Analytics with Power Query - Part 1 (Credits: 1.0 TB)
2:00pm-2:50pm


In the accounting profession, dealing with data is life.  Doing it efficiently and effectively are skill differentiators.  Power Query, part of Microsoft Power BI suite, is indispensible for extracting, transforming and loading data (the "ETL" of the commonly referred to ETLR).  Explore the basics of the Power Query add-in  - extracting, transforming and preparing data for analysis.


Breakout 24: State Tax: Sales Tax Considerations When Buying or Selling a Business: Successor Liability, Risk Brought About by Wayfair and Tax Reform (Credits: 1.0 TB)
2:00pm-2:50pm

Gretchen M. Whalen, CPA
Tax Principal / CliftonLarsonAllen
Tampa, FL
AND
Sherry R. Lam, CPA
Managing Director, State and Local Tax / Grant Thornton LLP
Ft Lauderdale, FL

Explore the different industry-specific direct and indirect tax issues that may arise during due diligence, common strategics to remediate exposures and monetize opportunities.  We'll also address future issues you may need to consider when buying or selling your business.


Breakout 25: Hot Topic (Credits: 1.0 **)
2:00pm-2:50pm


.Details to come!


Breakout Session (Choose One)

Breakout 26: Introduction to Data Analytics and Power Query-Part 2 (Credits: 1.0 TB)
3:00pm-3:50pm


This is a continuation of breakout 23.


Breakout 27: Economic Nexus/Wayfair (Marketplace Facilitator) Sales Tax (Credits: 1.0 TB)
3:00pm-3:50pm


Details to come!


Breakout 28: Hot Topic (Credits: 1.0 **)
3:00pm-3:50pm


Details to come!


Break
3:50pm-4:10pm
Breakout Session (Choose One)

Breakout 29: Cloud Analytics and Digital Business Transformation (Credits: 1.0 TB)
4:10pm-5:00pm


The pace of business is ever-increasing, and the volume and types of information simply continues to grow. Business intelligence powered by automation, cloud, big data, and analytics is the foundation for growth and success in today’s business. Accounting professionals must center themselves on these transformative technologies, leveraging them to the benefit of their clients and their own practices to remain competitive and relevant in the market. This course will teach actionable items that will help advisors understand how to progress information and how to deal with the natural outcomes that occur. Participants will learn where to begin, how to deal with more data faster, and understand what the cloud and the Internet of Things truly are.


Breakout 30: State Tax: State Income Tax Nexus and Apportionment in a Post-Wayfair World (Multi-State Income Tax Update) (Credits: 1.0 TB)
4:10pm-5:00pm


Details to come!


Breakout 31: Hot Topic (Credits: 1.0 **)
4:10pm-5:00pm


Details to come!


Breakout Session (Choose One)

Breakout 32: Technology Topic (Credits: 1.0 **)
5:10pm-6:00pm


Details to come!


Breakout 33: State Tax: Tax Considerations for E-Commerce (Credits: 1.0 TB)
5:10pm-6:00pm


Details to come!


Breakout 34: Hot Topic (Credits: 1.0 **)
5:10pm-6:00pm


Details to come!


Vendor Networking Reception
4:55pm-6:00pm

Yes, I will be attending the Vendor Networking Reception
4:55pm-6:00pm



No, I will not be attending the Vendor Networking Reception
4:55pm-6:00pm



Chair's Reception
6:00pm-8:00pm

Yes, I will be attending the Chair's Reception
6:00pm-8:00pm



No, I will not be attending the Chair's Reception
6:00pm-8:00pm



Friday, June 12, 2020
Registration and Continental Breakfast
7:00am-8:00am
Opening Remarks and Women to Watch Awards
8:00am-8:20am
General Session

Keynote: Reimaging Our Profession (Credits: 1.0 TB)
8:30am-9:20am


Fueled by rapid technological innovation, the world is changing at unprecedented speed - with significant implications for the accounting profession.  Cybersecurity, blockchain, artificial intelligence, cognitive technologies and Dynamic Audit Solution, all are transforming the way we work today and will continue to do so in our future.  AICPA Immediate Past Chair, Bill Reeb, CPA, CITP, CGMA, will provide insight on the progress our profession is making on key initiatives designed to shape the current and future competencies of our professionals, ensure the viability of our attest function, while protecting the public interest.
 


Annual Meeting
9:20am-9:40am
Break
9:40am-10:00am
Breakout Sessions (Choose One)

Breakout 35: State Tax: Florida Tax Legislative Update (Credits: 1.0 TB)
10:00am-10:50am

H. French Brown IV, Esq.
Of Counsel / Dean Mead & Dunbar
Tallahassee, FL
AND
Justin A. Thames, DPL
Director of Governmental Affairs / Florida Institute of CPAs
Tallahassee, FL

Exploring and discussing the tax changes occurring during the 2020 Florida legislative session.


Breakout 36: The Business of Medical Cannabis (Credits: 1.0 **)
10:00am-10:50am


Details to come!


Breakout 37: Business Case for DNI (Credits: 1.0 **)
10:00am-10:50am


Details to come!.


Breakout Sessions (Choose One)

Breakout 38: State Tax:DOR Panel (Credits: 1.0 TB)
11:00am-11:50am


Details to come!


Breakout 39: The Business of CBD (Credits: 1.0 **)
11:00am-11:50am


Details to come!


Breakout 40: Say This Not That (Credits: 1.0 **)
11:00am-11:50am


Details to come!


Lunch
11:50am-1:00pm
Breakout Sessions (Choose One)

Breakout 41: The Business of Hemp (Credits: 1.0 **)
1:00pm-1:50pm


Details to come!


Breakout 42: State Tax:Florida Tax Credit and Incentive Panel (Credits: 1.0 TB)
1:00pm-1:50pm


Details to come!


Breakout 43: Hot Topic (Credits: 1.0 **)
1:00pm-1:50pm


Details to come!


Breakout Sessions (Choose One)

Breakout 44: Accounting Issues Facing Cannabis Companies in Florida (Credits: 1.0 **)
2:00pm-2:50pm


Details to come!


Breakout 45: State Tax:Florida Tax Litigation Hot Topics (Credits: 1.0 TB)
2:00pm-2:50pm

Glenn A. Bedonie, CPA, CFST
Owner / Glenn A. Bedonie, CPA, P.A.
Tallahassee, FL
AND
Rex D. Ware, Esq
Senior Attorney / Moffa, Sutton & Donnini, PA
Tallahassee, FL

The panel will discuss recent cases, rulings, audit and collection disputes, legislation and other "issues" that have been prominent in the past 12 months at the Florida Department of Revenue.  Session will focus on areas where taxpayers have been most affected.


Breakout 46: Hot Topic (Credits: 1.0 **)
2:00pm-2:50


Details to come!


Break
2:50pm-3:00pm
Breakout Sessions (Choose One)

Breakout 47: The Legal and Ethical Issues Facing Physicians Treating Patients With Cannabis (Credits: 1.0 TB)
3:00pm-3:50pm


 


Breakout 48: State Tax: How to Handle a Sales Tax Audit and Assessment/Record-Keeping Pitfalls (Credits: 1.0 TB)
3:00pm-3:50pm

Shawn M. Williams, CPA
Authorized Member / Shawn M. Williams, CPA, LLC
Bonita Springs, FL
AND
Peter J. Steffens, CPA
Owner/Consultant / Peter Steffens Consulting LLC
Tampa, FL

Details to come!


Breakout 49: And Then There are Lessors (Credits: 1.0 AA)
3:00pm-3:50pm

Cecil Patterson Jr., CPA,MBA
Partner/Owner / Patterson CPA Group, Inc.
Ponte Vedra Beach, FL

This session will define whether there is a lease.  If there is a lease, is it a finance lease or an operating lease?  Depending on the type of lease, this session will detail how to record the income, expenses, and any financial statement issues of the Lessor.  Further, disclosures required by the Lessor on their financial statements and correct financial statement treatment of leases is examined from the Lessor perspective.  Topics to be covered include: lease definition, finance or operating lease for the Lessor, expenses or fees collected by the Lessor from the Lessee and how the Lessor should handle the collection on the books and records of the Lessor.  What about Lessor disclosures on their financial statements?  Identify a lease by correct definition.  Record Lessor income and expenses correctly.  Properly present the assets and liabilities on the financial statements.


Breakout Sessions (Choose One)

Breakout 50: Legal and Ethical Issues of Physicians Selling CBD (Credits: 1.0 TB)
4:00pm-4:50pm


While the 2018 Farm Bill legalized hemp and CBD derived from hemp, it explicitly preserved the FDA's authority over hemp products. Under that authority, the FDA has been very clear that (1) Epiodiolex is the only FDA-approved CBD drug; (2) CBD cannot be marketed as a dietary supplement; (3) CBD cannot be used in food; and (4) probably most importantly, companies cannot make unsubstantiated health claims about their CBD products. Nonetheless, thousands of CBD companies are popping up that ignore the FDA's position. Additionally, Florida has passed legislation and rules that allow for a Hemp Food Establishment permit which directly contradicts the FDA's position that CBD cannot legally be used in a food.

Under this complex and contradictory legal framework, doctors are put in a complex position, both legally and ethically, when selling CBD products. This presentation will explore those legal and ethical issues for doctors selling CBD products.


Breakout 51: State Tax: Property Tax Update (Credits: 1.0 TB)
4:00pm-4:50pm


Details to come!


Breakout 52: New Audit Reports and Standards for 2019 (Credits: 1.0 AA)
4:00pm-4:50pm

Cecil Patterson Jr., CPA,MBA
Partner/Owner / Patterson CPA Group, Inc.
Ponte Vedra Beach, FL

SAS No. 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements makes major changes to the form and content of the non-issuing auditor’s report for non-issuing entities. This course will address specific changes to the standards for the auditor’s responsibility in forming an opinion. Further, changes have been made so users will benefit by having the auditor’s report format changed and the presentation will address the format change and the content changes which were made for added transparency purposes for the auditor’s opinion and auditor and management responsibilities. Section 700, Forming an Opinion and Reporting on Financial Statements.  Topics covered include: The form of an auditor's report, modifications to opinions, new inclusions in audit report for independence and professional ethics, new inclusions regarding the "going concern" concept, new requirements for management responsibilities for the audited entity, new requirements forauditor responsibilities for the audited entity, new emphasis of matter paragraphs and other matter paragraphs in the auditor's report, new issues on engagement letters and terms of engagement.

 


Breakout Sessions (Choose One)

Breakout 53: Cannabis and Hemp/CBD Topic (Credits: 1.0 **)
5:00pm-5:50pm


Details to come!


Breakout 54: State Tax: Accounting for Unclaimed Property (Credits: 1.0 AA)
5:00pm-5:50pm

Alison Lavarone
Director / Barganier and Associates LLC
Atlanta, GA

Accounting for reporting and remitting unclaimed property funds owed to others and held on their behalf.


Breakout 55: TBD (Credits: 1.0 **)
5:00pm-5:50pm


Details to come!


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General Sessions

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