CPE & Event Catalog

Identifying operating segments. Identifying and aggregating reportable segments. Segment disclosures. Entity-wide disclosures. ASC 280 segment reporting. IFRS 8 and ASC 280.

Traditional IRA. Spousal IRA. Roth IRA. Rollover IRA. Inherited IRA. SEP. Simple IRA.

Categories of hot assets. Potential issues.

IRS collection process. Statute of limitations on tax collections. Taxpayer bill of rights. What to do if you are bankrupt. Tax levies. Tax liens. IRS payment plans. Penalty relief options.

IRS collections. Taxpayer rights. Challenging an IRS Decision.

Reasonable cause and good faith. Case law. Revenue Procedure 84-35, 194-1 C. B. 509.

Identifying audit risks - behavioral and management cues. Behavioral cues in fraud detection. Key indicators of stress or unusual behavior. Behavioral warning signs in employees and management. Using interviews and observation to identify behavioral red flags. Building relationships to encourage transparency. Management representations and estimates. Common red flags in management estimates. Identifying potential biases in management's assumptions. Techniques for auditors to challenge management's assumptions.

Identifying audit risks - compliance and going-concern issues. Going-concern assessments and the auditor's responsibility. Key financial and operational red flags. Red flags related to management's plans to mitigate going-concern risks. Audit techniques to assess the adequacy of going-concern disclosures. Cybersecurity risks and the increasing importance of it in audits. Key cybersecurity red flags. Effectiveness of an organization's cybersecurity controls. Potential data breaches or weaknesses in IT governance, and more.

Identifying audit risks - financial reporting and revenue recognition. Financial statement irregularities. Key financial ratios and benchmarks. Unusual accounting practices. Financial statement warning signs. Using analytics and trend analysis. Revenue recognition red flags. Common methods of fraudulent revenue recognition. Unusual patterns in customer relationships and sales. Detecting improper revenue recognition.

Identifying audit risks - internal controls and audit evidence. The role of internal controls in detecting and preventing fraud. Common internal control weaknesses. Red flags related to control overrides. Evaluating the design and operating effectiveness of internal controls. Identified control deficiencies or weaknesses. Types of audit evidence and their relevance to the audit process. Red flags in audit evidence. Incomplete, misleading, or unreliable evidence during fieldwork. Audit techniques to verify authenticity of audit evidence. Maintaining professional skepticism. Appropriate audit documentation.

Improve auditor and auditee relationship. Useful presentation skills. Auditee communication. Audit findings and response techniques.

Conducting conferences with the auditee. Presentation skills. Staffing and selling the findings. Soliciting written comments. Incorporating the auditee's response.

Energy-efficient home improvement provisions. Electric vehicle purchase incentives. Refueling property provisions. Inflation reduction act miscellany.

Inflation reduction act-modified for clean vehicles. Energy efficient home improvement credit. Renewable energy credits. Prevailing wage act. Low income and rural areas. Production tax credit. Domestic content. Energy community, and more.

Information security terminology. Information security. Types of information security. IRS commentary on information security. Specific information security threats and solutions. FTC safeguards rules. Insurance options.

Tips for improving the critical audit skills of inquiry and research.

Key installment. General rules for installment sales. Special situations. Reporting of installment sale income. Escrow account. Sale of a business.

Installment sales. Imputed interest and OID. Repossession. Like-kind exchanges. Dealer disposition.

Insurance company economics. Tax accounting -IRC subchapter l. Tax elections. P&C insurance companies. Section 953(d) election. Micro captive insurance companies.

Interest and debt. Deductible interest.