Conference hot topics: Not for profit, XBRL, estate planning, IFRS, and fraud

Accounting professionals who attend conferences this summer will be signing up as usual for courses that bring them up to date with the latest technical developments in tax and audit and for courses that meet state ethics requirements, but they will also be able to choose courses at conferences that are devoted to major changes on the immediate horizon of the profession or identify opportunities for practice development.

The American Institute of Certified Public Accountants (AICPA) is highlighting its conferences on Partner and Staff Compensation and XBRL Workshops, but the top sellers last week were the National Conference on SEC and PCAOB Developments and Advanced Estate Planning. The National Conference on SEC and PCAOB Developments, available live and on simulcast, is expected to sell out. Items on the agenda for this conference and which also appear as hot topics for conferences sponsored by the American Accounting Association (AAA), the Financial Executive International (FEI) and many state societies are international accounting and reporting issues, XBRL, and corporate governance.

Not for Profit

Another conference that the AICPA expects will sell out is the National Not-For-Profit Industry Conference. The conference brochure is entitled, "The IRS... why this is a must-attend year!" The conference will examine significant revisions to Form 990 that will affect filing requirements for reporting years beginning with calendar year 2008. States also offering Not for Profit conferences include Connecticut, Illinois, Florida, and New York.

The http://aaahq.org/xbrl/2008XBRL/workshop_info.htm" target="_blank">American Accounting Association (AAA), has chosen, like the AICPA, to emphasize Extensible Business Reporting Language, XBRL. The immediate stimulus for the teaching workshop sponsored by the AAA at its national conference is the draft rule recently published by the SEC that will mandate financial disclosures in XBRL for the 500 largest companies for fiscal periods ending in late 2008. Other companies and mutual funds will be required to use XBRL. The course will examine the technology of XBRL and apply XBRL to business problems.

Estate Planning

Long a popular conference offering, the AICPA's Advanced Estate Planning conference this year will offer sessions entitled, "Closely-Held Business Succession Planning," "Income Tax and Estate Tax Planning for Valuable Art, Antiques and Stuff," "Valuation Principles and Strategies – The Nuts & Bolts," and "IRA Horror Stories." The Texas Society of CPAs offers a course on "Estate Planning for Taxable and Nontaxable Estates." The Illinois CPA Society offers a range of courses related to estate planning, including a series on "Integrated Estate, Financial and Asset Protection Planning." New York's course is entitled simply, "Estate Planning."

IFRS

The North Carolina Society of CPAs identifies IFRS as their hot topic for a conference to be held in October. The Institute of Management Accountants' (IMA) IFRS Update is sold out. FEI will hold a conference on International Financial Reporting Standards in November.

Forensic Accounting

The Association of Certified Fraud Examiners (ACFE) will be presenting courses entitled, "Auditing for Internal Fraud" and "Build Your Fraud Exam Practice" in Washington in October. "Fraud Prevention - Professional Interviewing Skills" is a prominent offering at a conference in Portland, Oregon in August. Topics related to fraud appear on lists of conference offering in many states as well. The Oklahoma Society of CPAs will offer a course called, "Forensic Accounting: Uncovering Schemes and Scams" at their conference; the North Carolina Association of CPAs will hold a Fraud Conference in October in Greensboro; and the Texas Society of CPAs is sponsoring, "Using Proactive Anti-Fraud Policies to Deter Employee Theft" and "Identity Theft and Work Ethics."

Other Hot Topics

Other hot topics this year include Lean Accounting -- Connecticut's Society of CPAs is will offer, "Doing More with Less: Lean Accounting and Management." The IMA conference examines this management approach with "Practical Lean Accounting." Indiana, New York, and Florida are sponsoring courses on the Construction Industry. Florida is offering a course in Real Estate and Georgia will hold a Real Estate Conference this week.

Ethics

And last but not least, courses that meet the ethics requirement for license renewal have a new look. "Ethics and 'The Smartest Guys in the Room'" is sponsored by the Illinois CPA Society; "Real World Business Ethics PLUS Effective Enterprise Risk Management" is being offered by the Oklahoma Society of CPAs at their Oklahoma City conference in August. The IMA Ethics Series is called "Success without Compromise."

New Jersey Society of CPAs is offering a four-hour Law & Ethics program that fulfills the ethics CPE requirement for both New York and New Jersey.

You may like these other stories...

With complex financial issues playing a larger role in litigation, and people increasingly turning to CPA experts to involve themselves in everything from criminal investigations to shareholder disputes to uncovering assets...
In today's increasingly litigious society, there's certainly no shortage of lawsuits or the lawyers needed to negotiate those proceedings. But with the outcome of an increasing number of those cases hinging on...
By Alexandra DeFelice A large bronze statue of a farmer and blacksmith shaking hands resided in the lobby of the old Moody's headquarters building. Beneath it read, "Credit: Man's Confidence in Man." The...

Upcoming CPE Webinars

Jul 16
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
Jul 17
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.