Why waste time and money at a course that does not meet your needs? This course is designed for CPAs both in industry. It is an update course of the most recent accounting pronouncements that is customized to the specific needs of that industry.. Emphasis is placed on the practical aspects of applying the latest changes, so that participants will be able to use what they learn the very next day.

Features:

• Most recent changes in accounting and auditing pronouncements

• Practical examples for implementing latest changes

• The changing role of internal audit

• Tips for implementing the new fraud standard (SAS 99)

• In-depth discussion of the 2004/2005 Audit Risk Alert

• More help on implementing FIN 46 - the new rules on consolidation
• The latest on materiality, revenue recognition, related parties, and off-balance-sheet financing

• Tips for avoiding litigation

• Warning signs of high risk situations

• Implementing Sarbanes-Oxley at public and private companies

• Implementation of the new documentation standards

• The most common deficiencies in disclosures and reporting

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Detection and Reporting on Fraud in Financial Statements
NEW!

This course is a practical guide to implementing the new standards requiring the consideration of fraud. It is filled with case studies and practical examples designed in a workshop format.

Features:

• Accounting trickery from McKesson & Robbins to Enron

• Most common techniques to distort revenue and hide expenses

• Overview of SAS 99

• Effective use of brainstorming

• Assessing risk and how to respond

• Modifying the audit plan and program

• Implementation tips

• What to do when fraud is found

• A better way - deterrence versus discovery

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Maximizing Audit Efficiency

This course focuses on improving auditing efficiencies and implementing the latest techniques for risk analysis, documentation, and fraud. The highlight of the course is the final 3-hour section where participants will conduct an internal audit of of a similar entity and be faced with making planning decisions, identifying and responding to risks, selecting key audit procedures, and interpreting analytical information.   The course is targeted to internal auditors, including managers and audit staff with between 3-10 years experience.

Features:

• Implementing SAS 99 and the new fraud standards
• Using risk-based auditing - Lessons from ENRON
• Audit planning - brainstorming, evaluating audit risk, determining materiality, and using analytical reviews
• Evaluating internal controls and the cost/benefit relationship of compliance testing
• Communication with the audit committee and the board
• How to tailor the audit program efficiently
• Substantive tests - the keys to SAS 31 and sufficient evidential matter
• Using checklists and other practice aids to improve audit efficiency
• Avoiding the risks of litigation
• Understanding the new documentation standards
• 10 best tips to improve audit efficiency

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Financial Statement Disclosures

This course is designed for CPAs both in industry and public practice. It will provide a solid review of current disclosure standards (GAAP and OCBOA), with a special emphasis on the most important new disclosure standards that have taken effect in the last 12 months. An interactive case study is integrated into the class to demonstrate the practical aspects of critical disclosure issues. The workshop is presented in a fast-paced, interactive, and entertaining manner. It is not just a self-study course with an instructor standing up front. This is the reason you go to a live presentation: to ask the questions you want answered, to learn from your colleagues, and to work on cases which are relevant to your company or practice.

Features:

• Overview of key disclosure issues
• Quick reference manual for your library
• Detailed review of disclosure requirements for balance sheets, statements of income and cash flows
• Latest new reporting and disclosure requirements on consolidations - FIN 46(R) and pensions - FASB 132(R)
• Important discussions on impact of convergence, fair value, key performance indicators, transparency, and flexibility
• Comprehensive case study
• Thorough discussion of most common disclosure deficiencies

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Learn the latest information from the Enron scandal. Make sure that your organization does not fall into the same traps. Don’t let your attorneys tell that you that Section 404 is just a bunch of rules. It is much, much more!

Are you prepared to spend hundreds of thousands of dollars investigating, refuting and defending your corporate integrity? Are you prepared to have your corporation's reputation destroyed?

If the answer is no, why not do what most in Corporate America are doing - proactively educate and empower your executives and employees about your corporate standards of conduct?

Art Berkowitz has developed an ethics course that has drawn rave reviews, because he helps you target vulnerable areas in your corporation. His expertise and passion for the subject were developed from over 25 years as a practicing C.P.A. helping clients recover from devastating defalcations and frauds.

He personally experienced the impact of these problems when a former employer - Laventhol & Horwath - became front page news as the largest public accounting firm to file for bankruptcy protection because of misconduct and numerous lawsuits.

You will be fascinated by the examples Art describes from his experiences with L&H and his three-year term as a public member of the State Bar grievance system.

Unethical behavior in the workplace can cost you time, money and your hard earned reputation. Shouldn't you be doing something to PREVENT this from happening?

  

Prerequisite:	None
Level:	All (You may want to present seperate customized programs for your various departments or divisions)
Recommended CPE Credit:	2 - 8 hours

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