CPE & Event Catalog

FASB Accounting Standards Codification disclosure requirements. An overview of the disclosure landscape. How materiality enters into disclosure decisions. Navigating the FASB Codification.

What is bank fraud? What is wire fraud? Role of financial service professionals in combating tax evasion and white-collar crime. Red flags indicating of white-collar crimes. Importance of knowing customers. Criminal justice proceedings. Relationship between victim impact and sentencing. Relationship between loss amounts and sentencing.

Action steps in 706 preparation engagement. Filing requirements, new forms, IRS return review procedures, closing letters. Obtaining transcripts and previously filed returns. Completing introductory pages 1-4.

Introduction to GPT Vision - Understanding the fundamentals of GPT Vision and its capabilities. Advantages of Vision Mode Research - Exploring the unique benefits of visual data analysis over traditional methods. Accessing GPT Vision - Guidance on how to access and utilize GPT Vision capabilities. Financial Screenshot Analysis - Techniques for analyzing financial documents and reports through screenshots. Operational Insights from Visual Data - Using images to gain insights into operational processes and asset management. Integration with Google Maps - Learning how to combine ChatGPT's vision capabilities with mapping technologies for enhanced spatial analysis. DDPP Analysis - Applying descriptive, diagnostic, predictive, and prescriptive analysis to visual data. Sentiment and Facial Expression Analysis - Techniques for interpreting emotions and sentiments in images to gauge client and employee feedback. Body Language Interpretation - Analyzing body language in images to understand non-verbal cues in business contexts. Effective Photo Capturing Techniques - Best practices for taking photos that provide optimal insights for financial analysis.

Auditing.

FASB codification provisions for transactions with related parties, including business owners and special purpose entities. Compares and contrasts those rules with the AICPA financial reporting framework for small and medium-sized entities. Reviews the tax accounting related taxpayer standards. Several real-life situations illustrate the various authoritative standards and discuss the consequences of failing to comply with those standards.

Framework for assessing the propriety of offering services within the state legal, regulated cannabis industry. Assist in identifying key stakeholders to be considered in conjunction to providing cannabis industry services. Banking relationships. Malpractice insurance.

Introduction to GPT Vision - Understanding the fundamentals of GPT Vision and its capabilities. Advantages of Vision Mode Research - Exploring the unique benefits of visual data analysis over traditional methods. Accessing GPT Vision - Guidance on how to access and utilize GPT Vision capabilities. Financial Screenshot Analysis - Techniques for analyzing financial documents and reports through screenshots. Operational Insights from Visual Data - Using images to gain insights into operational processes and asset management. Integration with Google Maps - Learning how to combine ChatGPT's vision capabilities with mapping technologies for enhanced spatial analysis. DDPP Analysis - Applying descriptive, diagnostic, predictive, and prescriptive analysis to visual data. Sentiment and Facial Expression Analysis - Techniques for interpreting emotions and sentiments in images to gauge client and employee feedback. Body Language Interpretation - Analyzing body language in images to understand non-verbal cues in business contexts. Effective Photo Capturing Techniques - Best practices for taking photos that provide optimal insights for financial analysis.

Integrating artificial intelligence with traditional tax research tools.  Minimizing the risks of using AI.  Quickly moving from AI to tax treatises and other traditional tax research tools. How to vary research techniques when a significant tax issue affects an important client. Minimizing risk of getting a wrong answer of answers using “verification” tools. Increasing speed of research using “toehold” strategies.

How to report funeral and administrative expenses on Schedule J and L. How to report debts, mortgages and liens on Schedule K. Marital deduction and elections, QTIP, Reverse QTIP, QDOT, over-stated marital deductions. Charitable deduction Schedule O and potential problems.

Major financial statement frauds, including sales and other types of revenue, estimates, earnings management and cut-off. Major misappropriation of asset fraud schemes, including skimming, larceny, and additional schemes that occur in inventory, payables and other accounts. Review of cases involving common fraud schemes.

Research and development tax credit. Work opportunity tax credit. Covid-19 tax credits. Opportunity zones. Go-biz incentives. Employment training panel.

Generation-skipping transfer tax, Schedule R, including election statements and integration with the marital deduction. Foreign death tax credit, Schedule P and prior transfer credit, Schedule Q. Qualified conservation easements, Schedule U. Making Sec. 6166 election and using Graegin loans.

COSO 2013 Update. Yellow book. Accounting.

Tips and tricks for maximizing efficiency in QuickBooks.

Compliance supplements. Yellow book. Accounting.

Recently issued FASB Accounting Standards Updates, including those that will become effective during audit engagements conducted in 2024. Recently issued Statements on Auditing Standards and other AICPA activity. Recently issued Statements on Standards for Accounting and Review Services.

Statutory framework for 1031 exchanges. Business and investment property characterization. Deferred exchange rules and techniques. Exchange mathematics: boot, gain and basis. Reporting for failed exchanges (over two tax periods). Improvement, reverse and non-safe harbor exchanges Partnership and TIC issues: IRC Sec. 761.

Auditing and reporting requirements to meet when the client selects the ERISA Section 103(a)(3)(C) limited scope audit option. AICPA AU-C 703. Forming an opinion and reporting on financial statements of employee benefit plans subject to ERISA.

Using the independent contractor rules and hobby loss rules to ensure the activity is a trade or business Reviewing Schedule C deductions for travel, meals, transportation, employee fringe benefits, costs of goods sold, depreciation, and home offices. Maximizing the benefits from 1040 deductions for Keogh plans, Solo 401(k)s, Simplified Employee Pension (SEP) plans, and SIMPLE plans. Taking advantage of the self-employed health insurance deduction and the qualified business income (QBI) deduction. Avoiding the at-risk and passive activity loss limitations. Making the right business entity election. In-depth coverage of what advisers of sole proprietors and single-member limited-liability-company owners need to know.