Summer 2018 - Florida CPA Today | Volume 34, Number 3

SUMMER 2018 | VOLUME 34, NUMBER 3

Gary Fracassi

Installed as New FICPA Chair Leading the FICPA into the future

PAGE 8 Meet the 2018-19 Board of Directors

PAGE 16 Enhancing Transparency

PAGE 19 Blockchain – A Disruptive Emerging Technology?

– Heather Accountant, Payroll Provider, Family Sherpa

“Increase revenue without carrying extra workload? Sign me up.”

Most accountants get involved in their clients’ payroll one way or another. The trick is making it financially viable without eating up valuable time. ADP’s cloud-based solutions can help deepen client relationships and serve as a valuable revenue generator for your practice.

Many firms choose RUN Powered by ADP® Payroll for Partners for their outsourced payroll service. Others refer their clients to ADP through our Accountant Revenue Share Incentive program and stay connected to their clients’ payroll data using Accountant ConnectSM. Either way you decide to work with us, ADP can help show you and your clients the path to success.

To learn more about ADP’s partnership programs for accounting professionals, visit: adp.com/ficpa ADP, the ADP logo, ADP A more human resource, and RUN Powered by ADP are registered trademarks of ADP, LLC. All other marks are the property of their respective owners. Copyright © 2018 ADP, LLC. All rights reserved.

CONTENTS PRESIDENT/CEO Deborah L. Curry, CPA, CGMA EDITORIAL COMMITTEE Ryan A. Myers, CPA, chair William C. Quilliam, CPA, vice chair Keith C. Blackman, CPA David J. Hochsprung, CPA Douglas E. Day, CPA David S. Holland, CPA Lynda M. Dennis, CPA Michael S. Kridel, CPA Troy Y. Manning, CPA All articles submitted to Florida CPA Today are subject to technical review, Editorial Committee review, space availability, and editing requirements and restrictions.

Florida CPA Today publishes letters to the editor in its Members’ Forum. For information about the guidelines, visit www.ficpa.org/letterstoeditor.

Statements expressed herein are those of the identified authors and not necessarily those of the Florida Institute of Certified Public Accountants, Inc. (FICPA), nor should statements be considered endorsements of products, procedures or otherwise.

The FICPA reserves the right to reject any editorial material or paid advertising that does not meet Florida CPA Today criteria or detracts from its ethical and professional standards.

Florida CPA Today is published quarterly by the Florida Institute of Certified Public Accountants, Inc., 3800 Esplanade Way, Suite 210, Tallahassee, FL 32311. Telephone: (850) 224-2727 or (800) 342-3197. Visit our website at www.ficpa.org.

This magazine is provided to members of the FICPA. No specific amount of your dues, either expressed or implied, is for this publication. This magazine is not available for purchase by either FICPA members or nonmembers.

For display advertising information, contact the FICPA Marketing Department at (850) 224-2727, Ext. 270. © 2018 by the Florida Institute of Certified Public Accountants, Inc. All rights reserved.

Reproduction in whole or part is prohibited without the express written consent of the FICPA.

12 COVERSTORY Gary Fracassi Installed as New FICPA Chair

Photo credit: Tim Wheeler, TREW Media

FEATURES

DEPARTMENTS

8

Meet the 2018-19 FICPA Board of Directors

16 19

Enhancing Transparency Blockchain – A Disruptive Emerging Technology?

PARTNER CONTENT

22 24

Hurricane season is here.

Do you have a business continuity plan in place?

CPA firms: Cyber Risk Mitigation Fundamentals

5 7 27 35 36 37 39

President/Chair’s Message News Briefs Staff Reports DOR Update CPAs in the Spotlight Marketplace Of Course!

Visit issuu.com/ficpa to access and download the digital version of Florida CPA Today.

SUMMER 2018 | FLORIDA CPA TODAY

3

A Member Benefit of:

DO YOUR EMPLOYEE BENEFITS ADD UP?

Finding the right benefits provider doesn’t have to be a calculated risk. Our CPA Insurance Marketplace offerings range from Health Coverage to Disability and everything in between. Your firm will have access to unique cost savings opportunities, enrollment technology, HR Tools, and more!

CPA Insurance Marketplace + Your Firm = Success START SHOPPING THE CPA INSURANCE MARKETPLACE TODAY!

www.memberbenefits.com/ficpa OR CALL (800) 282-8626 4

FLORIDA CPA TODAY | SUMMER 2018

ADMINISTERED BY:

PRESIDENT & CHAIR'S MESSAGE

Get to Know the New FICPA A message from the President and new Chair

How do you sum up an entire year’s worth of growth? For us at the FICPA, it can be done in just two words: INNOVATION AND PROGRESS.

The past year has been a transformational one for the FICPA, from both a strategic and operational standpoint.

We found a new home for the main FICPA office, and expanded our presence by establishing a dedicated Governmental Affairs office just steps away from the Florida State Capitol. FICPA communications have been made mobile-friendly, and some have been redesigned entirely (including the magazine you’re reading right now, Florida CPA Today). The quantity and quality of our video communications has increased, and we’ve started producing and streaming our own all-new learning content right from our offices.

DEBORAH L. CURRY CPA, CGMA

The FICPA continues to be a force for positive change in our communities.

We saw record participation in our annual CPA Day of Service (250 volunteers); we received a record number of applications for financial aid from the Scholarship Foundation (131); we continued to recognize our profession’s best and brightest through our Emerging Leaders Program and Women’s Leadership Summit; and we responded immediately and effectively to help the CPA community affected by Hurricane Irma.

But all of this is just the beginning.

We aren’t updating our services for superficial reasons. The reality is that as the world around us accelerates and evolves, innovation is required – to make sure you, our members, have a voice in the profession and are equipped to handle the changes ahead; to be future-ready, member-focused, and strong for years to come.

To that end, we’re introducing an all-new website and online member platform to make it easier than ever to learn and connect with other members. Our IT infrastructure is moving to the cloud to enhance security and functionality.

And our new subscription-based membership model gives you more flexibility to stay connected to the FICPA and to access the benefits you expect as a member.

We’re proud of the progress we’ve made in the past year, but even more excited for the growth that’s still coming. At a time when technology, demographics, and other societal shifts are fundamentally changing the way the world — and our profession – works, the FICPA has an opportunity to become more valuable and influential than ever. We remain committed to serving you, our members, and leading on behalf of the profession and Florida’s business community — just as we have for more than 100 years.

We invite you to get involved and learn more about the all-new FICPA by visiting FICPA.org. And, as always, please feel free to contact us with any questions about the FICPA or your membership.

Thank you for your support over the past year. Let’s keep moving forward together.

GARY FRACASSI CPA, CGMA

The reality is that as the world around us accelerates and evolves, change is required — to make sure you, our members, have a voice in the profession and are equipped to handle the changes ahead.

SUMMER 2018 | FLORIDA CPA TODAY

5

DON’T GET CAUGHT IN A

LEGAL TAX STORM. OUR SERVICES • Florida sales tax audits, appeals and litigation • Criminal sales tax defense • Corporate sales and transactions support • IRS services including audit, appeals, collection, tax court litigation • Tobacco tax, wholesale alcohol tax, and other tax issues

888.966.8216 www.MSDTaxLaw.com www.FloridaSalesTax.com

6

PARTNERS: Joseph C. Moffa, CPA, Esq. | James H. Sutton, Jr., CPA, Esq., LLM Gerald J. Donnini II, Esq., LLM | JerryDonnini@FloridaSalesTax.com FLORIDA CPA TODAY | SUMMER 2018OFFICES: Fort Lauderdale, Tampa, Tallahassee

NEWS BRIEFS

COMPANY NEWS

FICPA UPDATE

2018 Most Powerful Women in Accounting Awards

CGMA Finance Leadership Program

Abby F. Dupree, managing partner, Carroll & Company, CPAs was recognized by the AICPA and CPA Practice Advisor as one of the 2018 Most Powerful Women in Accounting.

Accounting and Finance leaders are being challenged by the rapid pace of change in corporate finance. In addition to the social, economic, technological and regulatory changes, it is a challenge to train and retain talent. The FICPA is partnering with the AICPA to meet these challenges by offering the CGMA Finance Leadership Program. The CGMA program is a comprehensive, online learning program encompassing the technical, business, people and leadership skills finance professionals need now and in the future.

Please contact Morgan Watson, CPA, CGMA, Director of Business Development at 813-992-9889 or morgan@ficpa.org for more information.

Alan West and Abby F. Dupree

The American Institute of CPAs and CPA Practice Advisor recognized 25 leaders in the accounting profession with the 2018 Most Powerful Women in Accounting Award.

Award recipients come from a wide cross-section of the profession, and perform a broad range of roles, from executives with Big Four firms and Fortune 500 companies to small firm owners and consultants. The awards, now in their seventh year, were created by CPA Practice Advisor and — starting this year — are jointly administered by the AICPA. “This year’s group of award winners exemplifies the aspects of leadership, skill, and mentorship that make them stand-outs in their roles,” said Gail Perry, editorin-chief of CPA Practice Advisor. “Our profession is better because of their active participation in making this a better place for everyone.”

The AICPA became involved with the awards as part of the institute’s efforts to promote and support the success of women for the broader purpose of sustaining the profession.

“We couldn’t be prouder of this group of award winners and their contributions to the profession,” said Jacquelyn H. Tracy, CPA, CGMA, chair of the AICPA Women’s Initiatives Executive Committee (WIEC). “Collectively, they show there are many paths women can take to make an impact and wield influence.”

The WIEC sponsors research, the Women to Watch awards, mentorships, networking opportunities, and oversees the annual AICPA Women’s Global Leadership Summit.

Morgan Watson

The Florida Institute of CPAs partners exclusively with Liberty Mutual to help you save $509 or more a year on auto insurance.1

Along with valuable savings, you’ll enjoy access to benefits like 24-Hour Claims Assistance.

For a free quote, call 800-298-4199 or visit LibertyMutual.com/FICPA Client #101587

This organization receives financial support for offering this auto and home benefits program.

1 Average annual savings based on countrywide survey of new customers from 8/1/15 to 8/1/16 who reported savings from prior premiums when they switched to Liberty Mutual.

Savings comparison does not apply in MA. Coverage provided and underwritten by Liberty Mutual Insurance and its affiliates, 175 Berkeley Street, Boston, MA 02116. ©2018 Liberty Mutual Insurance Valid through November 22, 2018.

SUMMER 2018 | FLORIDA CPA TODAY

7

Meet the 2018-2019

FICPA Board of Directors

KRISTIN BIVONA, CPA

ABBY DUPREE, CPA, CGMA

JULIAN DOZIER, CPA, ABV, CFF, CFE

Kristin Bivona is the managing partner of GellerRagans, CPAs and Advisors in Orlando. Her primary practice areas include accounting, auditing and taxation for large and small engagements.

Bivona was an FICPA 26 Under 36 honoree in 2013.

A Tallahassee native, Abby Dupree is the Managing Partner of Carroll and Company, CPAs.

Julian D. Dozier, CPA, ABV, CFF, CFE is a graduate of Florida State University. He is a director in the assurance services practice of Thomas Howell Ferguson P.A. CPAs.

Endless Possibility

“I always knew that I wanted to pursue a career in business, and the principles of accounting class just clicked for me.

My professor, who previously practiced in public accounting, told me that if you understand accounting and you enjoy it, the career possibilities are endless and it's an avenue worth exploring, so I did.”

A Wealth of Options

“I had no idea that I really wanted to pursue accounting as a career until I started working at Carroll and Company, CPAs just after college. That is when I realized how many different things I could do with my accounting degree and all of the various people I could meet along the way. I have learned so much more than just accounting over the past 24 years.”

Critical Challenges

“The most important challenges the FICPA faces today include making sure the organization is relevant to its members and can show the value of being a member. I will continue to encourage others to become members and I will continue to look for ways to stay relevant to our current members.”

“We are working to articulate the FICPA vision to a diverse membership base and increase awareness of the FICPA’s role in protecting the CPA designation.” — Sarah Funk, CPA, CGMA 8

FLORIDA CPA TODAY | SUMMER 2018

Early Career

“As soon as I started at Florida State University, I knew I was headed for the College of Business — none of the other colleges grabbed my attention.

I took the hint and took the accounting prerequisites first, and realized how well the subject ‘clicked’ for me.”

100% Committed

“Inside and outside of work, isn’t it always more enjoyable and more fun when your whole crew is 100% committed to something? That’s how I feel at the FICPA.” Looking Ahead

”Our legislative advocacy is second to none, and our member communication is the envy of almost every state society. We need to further align the value of being an FICPA member with the dues our members pay, and we need to continue listening to what our members (and, importantly, our future members) want and figure out how to deliver it.”

SARAH FUNK, CPA, CGMA

BRAD GOULD, ESQ., CPA

TARSHA JACOBS, CPA

Sarah Funk is the director of compliance with Trilogy International Partners, Inc. Funk’s professional background prior to joining Trilogy in 2006 includes three years in public accounting, followed by experience with publicly traded companies.

Brad Gould is a shareholder in the tax and estate and succession planning departments of the law firm of Dean, Mead, Minton & Zwemer. He speaks extensively on tax and estate planning issues, including S corporations, business succession planning, and IC-DISCS.

Tarsha Jacobs is the owner of Tarsha R. Jacobs, CPA, PLLC. After working for local CPA firms in Central Florida for 15 years, she began her own practice in 2013. She has close to 25 years of experience providing services for clients in a range of industries.

Vision-Focused

A New Perspective

A Strong Voice

“We are working to articulate the FICPA vision to a diverse membership base and increase awareness of the FICPA’s role in protecting the CPA designation.”

“Accountants see the world through a different lens. My accounting background and time spent at Deloitte give me a different perspective to matters than my peers which ultimately benefits my clients.”

“I have enjoyed being involved in the decisions that help determine the direction of our association. I consider it a privilege to be able to lend my voice in helping to make improvements not only to our association, but also making decisions that might affect our profession as a whole.”

Opportunities Ahead

“The pace of change complimented by generational shifts, globalization, technology, and complex regulatory environments are the most important challenges for the FICPA and offer new opportunities for us all.”

Expertise and Experience

“I have had the honor of serving on an FICPA committee since 2004 and on the Board of Directors for the past three years. I really enjoy giving my time back to this profession and lending my expertise and experience to help the FICPA remain as the premier state CPA society.”

Challenges and Opportunities

“The FICPA has to serve a large, diverse membership. While we strive to make every member happy, we will undoubtedly fail as we can’t be all things to every CPA. We need to increase the value we offer members by bringing them the tools they need to succeed today and tomorrow.”

Staying Relevant

“One of the challenges continues to be staying relevant in a changing workforce and profession. Changing the way we do things, getting away from the ‘we have always done it that way; mentality, and really thinking ahead about what this changing workforce needs from our association will continue to be a challenge.”

SUMMER 2018 | FLORIDA CPA TODAY

9

ALAN JOWERS, CPA

KAREN A. LAKE, CPA

W.G. SPOOR, CPA, CGMA

With more than 20 years of experience in public accounting, Alan Jowers focuses on providing audit and other assurance services for local governmental entities, condominium and homeowner associations, privately held businesses and notfor-profit organizations. He also has experience working with a variety of insurance companies and community banks. He currently has primary engagement responsibility for a significant number of association audits, as well as engagements for more than 60 community development districts.

Karen is the Associate Director of Tax Services at Berkowitz Pollock Brant. Her experience includes corporate tax advisory services and work as a Florida state auditor.

W. Gordon “W.G.” Spoor is a Partner with Spoor Bunch Franz in St. Petersburg, FL, where he leads the tax practice.

Service with Meaning

“I was originally introduced to the profession growing up by my father, who is also a CPA. I was fortunate to be able to take accounting classes in high school. That experience, along with a positive role model in my father, solidified my choice of profession.”

Jowers serves on the FICPA State and Local Government Committee and State Legislative Policy Committee and is a member and past chair of the Common Interest Realty Association Committee.

Engaging with individuals who are committed to an ideal that is bigger than themselves is the most rewarding part of FICPA leadership.

Unique Experiences and Perspectives

My professional experiences enable me to bring a 360 degree perspective. With experience as a senior advisor with Big 4 public accounting firms, a member of a corporate tax department, and as a state auditor, my perspective allows me to understand the full range of tax issues most businesses face.

Making Meaningful Decisions

“The FICPA is in a period of transition. … All of these are positive changes, but some come with a disruption to the way things have been.”

Balancing Present and Future

“I think the most important challenge the FICPA faces today is how to provide services to the CPAs of the Baby Boomer generation while maintaining relevance and growing membership with the CPAs of the millennial generation.”

Like Father, Like Son

The Challenges of Change

“Not only are we dealing with different generations of CPAs, but we are also dealing with the impact of technology on our profession. I love the challenges and opportunities that come along with change, whether in my own firm or the entire profession.”

3 Strategies That Could Impact Your High Net Worth Clients and Save Them HUNDREDS of THOUSANDS of DOLLARS in Taxes

• Premium Finance • Cost Seggregation • 831(b) Captives If you are not talking to your clients about these strategies, another CPA will. By partnering with UFC, you can offer your affluent clients a full financial spectrum of services and tax savings.

Visit Booth #203 for More Information

Call us at 800-506-4832 | sales@ufc.bz | ufc.bz

10

FLORIDA CPA TODAY | SUMMER 2018

CAREY VASALLO, CPA

Caridad “Carey” Vasallo is a Partner at VMBG Accounting, and practice leader for the firm’s Consulting Services division.

Statewide Connections

Challenges Ahead

“The aspect I enjoy most about being involved in FICPA leadership is the ability to meet professionals throughout the state, garnering a greater understanding of the challenges and opportunities facing our profession, and interaction with accounting students and young professionals in the field.”

“There is increased emphasis on having a global presence and greater interaction with clients around the world. The FICPA will need to address the changes impacting the industry in the near-term future to remain relevant and valuable to its members.”

The learning & partners that will

POWER YOUR FUTURE

September 26-28

Ft. Lauderdale and Simulcast

ficpa.org/ABS SUMMER 2018 | FLORIDA CPA TODAY

11

Gary Fracassi

Installed as New FICPA Chair

With a renewed focus on member value and the next generation of CPAs, Fracassi is poised to lead the FICPA into the future.

O

n June 14, 2018 the Florida Institute of CPAs (FICPA) installed its 91st Chair, Gary Fracassi. Fracassi brings with him years of dedicated service to the Institute at nearly every level – from volunteering, to Committee service, and now, as the chair for 2018-2019.

Why did Fracassi take on the role? “Why is simple – I think I can contribute something to make [the FICPA] better.

DISCOVERING A PASSION FOR THE PROFESSION

Born in Erie, Pennsylvania, Fracassi stayed close to home while he earned his college degree in accounting from Gannon University. But accounting wasn’t his first choice for a career, and it took time away from school and a few different choices of majors before realizing his passion for the profession.

12

FLORIDA CPA TODAY | SUMMER 2018

“Accounting was my third or fourth major. I grew up in a self-employed family. My father’s degree was in accounting.

When I was 15 my mother taught me to do the bookkeeping for the business. It was easy. My career preference testing in high school said I should be a CPA, but I ignored all that.”

“I saw a future in computers and was a math major for a while. I quit school for two years. Part of my job while

If I compare myself to the few presidents/ chairs that I have been honored to know over the last 18 years, they have one common trait that I think I share — we love the FICPA. To be chair it takes commitment, passion, and vision. — Gary Fracassi, CPA, CGMA

A COMMITMENT TO GIVING BACK

Fracassi has been involved with the FICPA for years, including as a popular speaker, but it almost didn’t happen.

“It was almost an accident. I thought that in retirement I might enjoy teaching and I was looking into going back to school to get my doctorate. That was 2004, just post-Enron and the Ethics requirement came into law. It was a great opportunity to see if I was any good at teaching and if I would like it.”

Photo Credit: Tim Wheeler, TREW Media

working as a manager at a tennis club was to coordinate the computerization of all financial and membership records with the club’s CPA. We got along great and everything started to click in my brain. I went back to school, and in two years, I had my degree and passed the [CPA] exam.”

Asked about his role models growing up, Fracassi is quick to point to his family and an influential professor.

“My father was a guide who offered wisdom through his experiences while not really telling me what to do. He is probably more influential to me now than when I was younger. Jim Freeman was a college math professor who taught one class at my high school. He flipped the switch in my brain that made calculus easy and set me on the path to a life of numbers.”

“I was in the first class of discussion leaders graduated by the FICPA. Now that I’ve done it for 14 years, I can tell you I like it. I guess the fact I was voted an outstanding discussion leader a few times means the members think I’m good at it. I think it’s natural to anyone that’s passionate about the profession to want to give back by volunteering.”

All those years of service to the FICPA have given Fracassi invaluable connections and relationships with other FICPA leaders. “The friendships I’ve made and the camaraderie shared among my colleagues is what I’ve enjoyed most about my involvement with FICPA leadership,” he said. “I’m most proud of the work I did on the MEGA Committee in its first years. It was a paradigm shift for how a conference could work and set the stage for many changes in CPE.” ADDING VALUE FOR THE NEXT GENERATION OF MEMBERS

Over the past several months, the FICPA has been focused intensely on building an association for the future. Technological and demographic changes are radically changing the way that members expect organizations like the FICPA to deliver value, and Fracassi is keenly aware of this as he takes the reigns.

SUMMER 2018 | FLORIDA CPA TODAY

13

“Futurists define a hard trend as one you can’t do anything about. The FICPA’s biggest challenge is the hard trend of demographics. For years, baby-boomers were the largest segment of the workforce including CPAs. They’re getting older, retiring, and are no longer dues-paying members.

This won’t be fixed in one year, but I’m committed to transforming the FICPA and creating a membership that provides value and satisfies the needs of the next generations of CPAs.” Fracassi’s role in FICPA leadership makes him uniquely aware of the benefits that the FICPA has to offer the next generation.

“The next generation of CPAs may already recognize that everything is changing rapidly. The market place expectations and the services sought will be very different 10 years from now. Our profession recognizes this, we constantly adapt, and because of this, the CPA credential will always be highly regarded and will give you many options.” “[T]he FICPA connects [members] and the national/international issues.

The FICPA also connects [members] with Florida-specific issues and works tirelessly with the Board of Accountancy and the Florida legislature on [their] behalf.”

At the end of the day, Fracassi maintains that “[s]olving client problems is by far the most satisfying thing I like in the profession,” and it is that mentality that he will bring to the FICPA as chair.

14

FLORIDA CPA TODAY | SUMMER 2018

Top: FICPA Administrative office in Tallahassee; Photo credit: Tim Wheeler, TREW Media.

Bottom Left: Fracassi office in Orlando; Photo credit: Martin Purmensky, ArrowStudio.com.

Bottom Right: Fracassi's siblings, L-R: Lisa, Dana, Gary, David, Lori.

GETTING PERSONAL Please tell us about your family.

It keeps getting bigger and I love it. I’m the oldest of 5 – two brothers and two sisters. Nieces, nephews and now third generation nieces and nephews brings the total count to 36 and consider them all my kids. My godson Michael is the oldest at 37 and Jameson is the youngest at 5 months. Michael is the third generation of accountants in the family and is a senior manager at E&Y. Last summer we had a family retreat at the Outer Banks in North Carolina and 32 of 36 were there.

I understand that you’re an Orlando Magic fan.

I am a Magic fan. My current stretch of season tickets is 10 years. Prior to that I was part of a group that had season tickets during the reign of Shaq.

My two favorite magic players are the two I’ve had my picture taken with – Evan Fournier and Jonathan Isaac.

I know you enjoy traveling. What’s the most memorable place you’ve been to? What other place would you like to travel to?

The most memorable place I’ve been to may have to be Berlin. I went there a few years after the wall fell. The contrast between the old buildings in East Berlin still riddled with machine-gun bullet holes and the ultra-modern glass skyscrapers in West Berlin was stark. There were over 100 cranes throughout the city. Building and business was booming, and clearly they discarded the past and were jumping into the next century. Looking forward, I’m going to start exploring South America.

How do you rank?

Participate in the 2018 National MAP Survey and see how your firm stacks up with the rest of the profession.

• This year’s survey is more streamlined than ever with only the most important performance indicators as determined by practitioners • All participants receive a free personalized summary report • PCPS members receive exclusive access to dynamic reporting platform including customized filters and trend reporting • Go to AICPAPCPSMapSurvey.com by July 15, 2018 and see how your firm's key metrics measure up.

One partnership ~ One goal! We assist CPA firms by helping provide financial planning and investment advisory services to establish lifetime clients.

Interested in adding financial services as a Fiduciary to your CPA firm? Let help you grow your practice.

(877) JOIN CPS or 863.688.1725 www.cpsinvest.com

205 East Orange Street Lakeland, FL 33801

Trust

Integrity

You manage the relationship, we will manage everything else.

mriskin@cpsinvest.com

Credibility

Service SUMMER 2018 | FLORIDA CPA TODAY

15

New Liquidity Disclosures for Not-for-Profits

BY ROSI G. LARRIEUX, CPA, CGMA

I

n August 2016, the Financial Accounting Standards Board (FASB) issued the Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities. The new standards are expected to improve the usefulness of information provided to donors, grantors, creditors, and other users of the not-for-profit entity’s (NFP) financial statements. The key changes resulting from FASB’s ASU 2016-14 are included below1.

• Net Asset Classifications.

Previously there were three net assets classes, which included unrestricted, temporarily restricted, and permanently restricted. Now there are only two classes, assets without

donor restrictions and net assets with donor restrictions.

• Underwater Endowments. NFPs are to report the current fair value of the fund, original gift amount, and amount of deficiency for endowments with losses. Additionally, any endowments designated by the governing board are to be reported as net assets without donor restrictions.

• Donations of Property and Equipment. Donor restrictions should be released when assets are placed in service, unless stipulated by the donor.

• Transparency and Utility of Liquidity. The new requirements related to liquidity are discussed further in detail below.

LIQUIDITY DISCLOSURE REQUIREMENTS

Giving Children Healthy Futures is the Only Priority at Nicklaus Children’s Hospital.

give.nicklauschildrens.org 1-800-987-8701

Today March 2018-1.indd2018 1 16 NicklausCHF-294 FLORIDAFlorida CPA CPA TODAY | SUMMER

• Expenses Classified by Function and Nature. NFPs are required to report expenses by natural expense category, either on the face of the statement of activities or in a disclosure.

• Statement of Cash Flows. NFPs are no longer required to include the indirect reconciliation from the change in net assets when the direct method is used.

This article will focus on the ASU’s new liquidity disclosure requirements.

NFPs are to disclose in notes to financial statements relevant information about the liquidity or maturity of assets and liabilities, including restrictions and self-imposed limits. These disclosures are in addition to the information provided on the face of the statement of financial position.

Jayden , 3, was diagnosed with cancer of the right eye and has required surgery, chemotherapy and radiation

2/15/18 1:09 PM

• Quantitative Information. NFPs are required to provide quantitative information, either on the face of the statement of financial position or in the notes, and additional qualitative information in the notes as necessary, that communicates the availability of the NFP’s financial assets to meet cash needs for general expenditures within one year of the date of the statement of financial position. Availability of a financial asset may be affected by its nature; external limits imposed by donors, laws, and contracts with others; and internal limits imposed by governing board decisions.

• Qualitative Information. NFPs are required to provide information that communicates how it manages its liquid resources available to meet cash needs for general expenditures

within one year of the date of the statement of financial position.

This provides NFPs an opportunity to tell their story while revealing their strategies for managing financial resources.

NFPs — BE PROACTIVE

ASU 2016-14 is effective for periods beginning after Dec. 15, 2017. Therefore, the new disclosure requirements will currently affect NFPs with a 2018 calendar year-end, while it may not affect other NFPs until 2019 fiscal year-ends. If you haven’t initiated the planning process, now is a great time to start. NFPs with a 2018 calendar year-end, can begin drafting the new liquidity note disclosures earlier in the financial statement preparation process. While NFP’s with a fiscal year end 2019, can begin planning now for the implementation of the new liquidity disclosures. These are steps that NFPs can take now to create exceptional liquidity disclosures2.

• Evaluate whether any changes to accounting and reporting systems are necessary to easily capture the information to be disclosed. Assess whether the current supporting systems, technology and existing chart of accounts are sufficient to capture the data required by the new disclosures.

• Review the current policies and procedures around board designation of net assets. Assess if your current procedures for identifying and designating net assets still make sense or if the procedures need to be changed. Assess if your organization’s policy on board designation needs to be updated or if an informal policy needs to be documented.

Consider the need for a new policy to formalize and support the new liquidity disclosures.

• Determine the message the NFP wants to convey to its stakeholders. For example, if your organization has more than enough resources to fund activities over the next 12 months, make that clear in the disclosure. Perhaps, you may include your policy for managing excess revenues. If you have significant capital projects, you may want to include a discussion on the resources that have been set aside to fund them and when they are used. Or, if it is difficult for your organization to maintain sufficient resources to cover general expenses, you may want to disclose your plan for covering those expenditures.

• Decide on the best presentation approach for your organization.

The format of the new liquidity disclosures will vary, depending on the type of NFP. The ASU provides a few examples.

• Prepare the quantitative liquidity information at a recent reporting date. This can be a valuable exercise for the NFP, by using this information as a starting point for discussions about liquidity with the finance committee. The quantitative information is particularly critical since the fungibility of cash causes numerous NFPs to spend cash restricted by donors, especially small and medium-sized NFPs. Once management and the board of directors have reviewed the effect of the quantitative information on the NFP, further considerations can be made such as removing designations for certain assets and/or adopting a formal liquidity management policy3.

AUDITORS — ENHANCE YOUR VALUE TO NFPs

Auditors are constantly searching for new ways to enhance the value of their services to clients. The implementation

A Legacy Gift will Inspire Hope and Promote Lifelong Health

by Providing the Best Care for Every Child.

give.nicklauschildrens.org

Zachary “Lucky”, 11, was diagnosed

1-800-987-8701

4 spinal surgeries

NicklausCHF-294 Florida CPA Today March 2018-1.indd 2

with Kyphosoliosis requiring

1:09 PM SUMMER 2018 | FLORIDA CPA2/15/18 TODAY 17

of ASU 2016-14 provides an opportunity for auditors to do just that. However, auditors should be careful not to impair their independence when providing NFPs with guidance, especially with small and mid-sized NFPs as they may require greater assistance with the implementation process.

Below are a few ways auditors can assist NFPs with the new standard: • Provide education. Educate them on the upcoming changes and the decisions that need to be made prior to the implementation. This can be done through direct discussions with the NFP’s management team and governing board, providing local webinars, live seminar to a group of NFPs in a community, or a combination of both.

• Provide illustrative examples.

Auditors can provide examples of financial statements that have implemented the new liquidity disclosure requirements. By providing examples of the quantitative information and language included within the notes of financial statements, auditors help clients to better understand the impact of the new liquidity disclosure requirements and how it can be implemented.

• Early Planning. Implementing ASU 2016-14, both efficiently and effectively, can require significant hours and can perhaps be a bit overwhelming for some NFPs. Ask your clients, that are NFPs, if they would like to schedule one or two meetings prior to their year-end to discuss the required changes.

This will give the NFP’s manage-

Doctors and Nurses Help Cure Sick Children...

Along with the Help of CPAs and Wealth Managers.

ment team additional face-to-face time with their auditor, to ask any questions or concerns they may have about implementing the new standard in the NFP’s financial statements. This can be very helpful to NFPs as they move forward and transition into the new standard.

• Early Implementation. Ask a couple of your NFPs if they would like to implement the required disclosures early. This provides the auditors with an opportunity to review the NFP’s new liquidity disclosures and recommend any changes ahead of time. It would also help the audit firms to work with the NFPs in stages, instead of all at once.

CONCLUSION

NFP’s should become very familiar with FASB’s ASU 2016-14 to understand the effect of the new reporting requirements on their financial statements. NFPs should assess if their current systems, technology, policies and procedures are sufficient to be able to meet the new reporting requirements. The earlier NFPs start preparing for the required changes, the more time it will allow stakeholders to make recommendations. Auditors can be valuable to NFPs, during the transition, by providing education and illustrative examples how to implement the new reporting requirement. Although the new reporting requirements may seem a bit overwhelming, it is a great opportunity for NFPs to tell their story.

6 Key Changes for Nonprofits in the FASB’s ASU 2016-14, by Louis Stratton, npENGAGE 2 Steps You Can Take Now to Create Exceptional Liquidity Disclosures (AICPA) January 2016 3 “NFP New Standard Implementation Series – Tips for Adopting ASU 2016-14: NFP Reporting Model” by Tondeé Lutterman, BKD CPAs & Advisors, November 2017 1

give.nicklauschildrens.org

Lacy , 3, diagnosed with a brain

1-800-987-8701

and chemotherapy

tumor, has undergone 9 surgeries

ROSI G. LARRIEUX, CPA, CGMA is an Auditor with Holyfield & Thomas, LLC and has over 20 years of experience in public & private accounting.

18

NicklausCHF-294 Florida CPA Today March 2018-1.indd 3

FLORIDA CPA TODAY | SUMMER 2018

2/15/18 1:09 PM

BLOCKCHAIN

A Disruptive Emerging Technology?

BY KIM E. AUTREY, CPA, CITP, CGMA AND CHARLES GRIFFITH

T

he emerging technology known as “blockchain” is consuming a lot of press and has stirred a strong interest within the offices of the CFO, CRO, CIO and CDO as to what it is and how it could be used. This article is intended to help cut through some of the confusion and hype surrounding blockchain. We will describe blockchain technology from several viewpoints as there is not a clear consensus yet on a formal definition. We will cover what the proponents of this emerging technology advocate for use cases, describe the challenges, risks and, finally where this emerging technology may be headed.

WHAT IS BLOCKCHAIN?

As published in PC Magazine (August 2017) in an article written by Rob Marvis, “A blockchain consists of two primary components: • a decentralized network facilitating and verifying transactions, and • the immutable ledger that [the] network maintains.

Everyone in the network can see this shared transaction ledger, but there is no single point of failure from which records or digital assets can be hacked or corrupted.”

The Harvard Business Review (HBR) in the January/ February 2017 issue, succinctly summarized the five basic principles underlying blockchain. As quoted in the article: • Distributed Data Base: Each party on a blockchain has access to the entire database and its complete history.

No single party controls data or the information. Every party can verify the records of its transaction partners directly, without an intermediary.

• Peer-to-Peer Transmission: Communication occurs directly between peers instead of through a central node. Each node stores and forwards information to all other nodes.

• Transparency with Pseudonymity: Every transaction and its associated value are visible to anyone with access to the system. Each node, or user, on a blockchain has a unique 30-plus-character alphanumeric address that identifies it. Users can choose to remain anonymous or provide proof of their identity to others. Transactions occur between blockchain addresses.

• Irreversibility of Records: Once a transaction is entered in the database and the accounts are updated, the records cannot be altered, because they’re linked to every transaction record that came before them (hence the term “chain”). Various computational algorithms and approaches are deployed to ensure that the recording on the database is permanent, chronologically ordered, and available to all others on the network.

• Computational Logic: The digital nature of the ledger means that blockchain transactions can be tied to computational logic and in essence programmed.

So users can set up algorithms and rules that automatically trigger transactions between nodes.

SUMMER 2018 | FLORIDA CPA TODAY

19

• The primary idea behind blockchain is to create a uniquely secure public or private, “linked” ledger where transactions, documents, data, contracts, etc., are recorded using encryption methods that no one has the ability to alter a record or groups of records once it’s “posted”. These records, known as “blocks,” contain a “cryptographic hash” of the previous blocks (groups of transactions) to which they are linked. These are linked across the network of computers (nodes). As transactions are posted, all the previous related records are replicated across the network.

By storing data across its network, the blockchain eliminates the risks that come with data being held centrally.

Its network eliminates centralized points of vulnerability that computer

20

FLORIDA CPA TODAY | SUMMER 2018

hackers can exploit; likewise, it has no central point of failure. In theory, once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks.

Such alteration of all the subsequent blocks would require an extraordinarily complex and error-prone collusion across the network.

DEVELOPING USE CASES

Blockchain has drawn the attention of the financial services industry, e.g. banking, securities, etc., where security, timeliness and operational efficiency are critically important. Companies such as JP Morgan Chase, Depository Trust & Clearing Corporation, Bank of America and the New York Stock Exchange, have committed funding to determine and test how to exploit the possibilities blockchain affords.

In the effort to drive settlement efficiencies, they are striving to accelerate the settlement of securities and other financial transactions, e.g., foreign exchange that currently take multiple days to settle. The objective is to settle transactions in near real time and streamline the processes through technology and a reduction of costly human activities related to transactional data entry and supporting costs.

In the same HBR article, “Financial services companies, for example, are finding that the private blockchain networks they’ve set up with a limited number of trusted counterparties can significantly reduce transaction costs.”

As an example, a derivative such as futures contacts, options, etc., could be settled when a financial instrument meets certain benchmark(s).

Identity fraud is a growing concern for those entities extending credit as well as their customers. The market in general is in desperate need of enhanced identity management technologies. The ability to cost-effectively verify the identity of your customer is foundational to maintaining an efficient credit network and process. Lenders are spending billions of dollars to combat identity fraud and the currently deployed processes and procedures have proven increasingly ineffective. Blockchain, with its distributed ledger, offer enhanced methods to assure the identity of the customer along with the ability to passively “digitize” personal documents. This is likely to be accomplished through the use of linked records to identify the individual to whom the credit is being granted by confirming prior recorded identity records. As a result, they would be prevented from creating a “false” identity due to the level of effort required to change all the blocks necessary.

Another example of the potential use of blockchain is in the area of “Smart Contracts.” The idea being pursued is to automate the “clearing/settlement” of a transaction once all terms have been met. A current focus is on real estate transaction closings and the related title transfers as these transactions are susceptible to fraud, in large part owing to the human-intensive processes associated with closings. As reported by Ameer Rosic in an article “What is Blockchain Technology? A Step-by-Step Guide For Beginners”, countries such as Sweden (2017), Republic of Georgia (2017), and Honduras (2015) have announced efforts in these areas.

In recent article in PC Magazine (August 2017) titled “Blockchain: The Invisible Technology That’s Changing the World,” Erin Fonte, Head of the Financial Services Regulatory and Compliance Practice Group at the law firm Dykem, stated, “A sleeping giant in this conversation is the effect smart contracts could have on the Internet of Things. Think about all the data smart devices collect. Fitness trackers collect your body’s vital statistics. Thermostats collect temperature data. Alexa has records of every search and request you’ve ever asked of her. If the IoT ran on a blockchain, and smart contracts governed that real-time data, it could create a whole new class of lending and other usage-based agreements.”

“If you had smart and connected cars that could report back actual usage stats, you could tie pricing into realtime usage and have it automatically adjust over the length of your vehicle lease and financing,” said Fonte.

LOOKING TO THE FUTURE, CHALLENGES AND RISKS:

In the HBR article cited above, “Our experience studying technological

innovation tells us that if there’s to be a blockchain revolution, many barriers—technological, governance, organizational, and even societal—will have to fall. It would be a mistake to rush headlong into blockchain innovation without understanding how it is likely to take hold.” The author adds, “True blockchain-led transformation of business and government, we believe, is still many years away. That’s because blockchain is not a “disruptive” technology, which can attack a traditional business model with a lower-cost solution and overtake incumbent firms quickly. Blockchain is a foundational technology: It has the potential to create new foundations for our economic and social systems.”

As reported by one writer, Adrianne Jeffries in The Verge (March 7, 2018), “…due to Europe’s General Data Protection Regulation, which comes into effect in May and says users must have control over their data, developers are now exploring ways to delete data from blockchains.” Furthermore, she posed an interesting question and a risk to think about: “The phrase “uncensored truth” also ignores the fact that just because the data is in a blockchain doesn’t mean the data is accurate.

Inaccurate data, such as a mistake in a medical record, can still be validated.”

How could or would such an error (inaccurate record) be corrected, how would subsequent blocks recognize the error and/or the correction?

The question now becomes, where do we, as accountants and consultants, go from here? Returning to the Harvard Business Review article, the author suggests, “For most, the easiest place to start is single-use applications, which minimize risk because they aren’t new and involve little coordination with third parties… Another low-risk approach

is to use blockchain internally as a database for applications like managing physical and digital assets, recording internal transactions, and verifying identities. This may be an especially useful solution for companies struggling to reconcile multiple internal databases.

Testing out single-use applications will help organizations develop the skill they need for more-advanced applications.”

The message, then, seems fairly clear: blockchain has the potential to become a near ubiquitous technology that will impact commerce and, indeed, transactional and document retention for decades to come. Borrowing one of the most famous quotes from Voltaire via the Marvel Universe, Spider-Man’s Uncle Ben said, “With great power comes great responsibility.” We, the trusted advisors, will be working very hard to learn, stress test, harness and, ultimately, audit blockchain as it reinvents what double-entry accounting means in the real world. Yes, it will impact how we deploy personnel for client engagements. Those changes, albeit hard to envision and harder to accept, will be the very foundation for new opportunities and job descriptions and will, ultimately, provide us with an exceptional opportunity to render new and valuable services to our current and future clients.

KIM E. AUTREY, CPA, CITP, CGMA is the Managing Member with The Conway Group, LLC. Kim’s primary practice is in the area of financial services, insurance and life sciences. He advises CFOs and CIOs in the most effective and efficient manner to unlock the power and value of their data and deliver accurate, actionable and timely information to the consumers of the information and to enable rapid analytics for financial, regulatory and compliance purposes.

CHARLES GRIFFITH is a Principal Consultant at The Conway Group, LLC. Charles leads the data governance, security, fraud detection and compliance practices. He works with clients to deliver effective data governance, strengthen data security, enhance fraud detection and reduce the regulatory compliance burden across all industries.

SUMMER 2018 | FLORIDA CPA TODAY

21

PARTNER CONTENT

HURRICANE SEASON IS HERE. Is your business continuity plan ready?

BY CHRISTOPHE RÉGLAT, PRESIDENT & CEO, COAXIS INTERNATIONAL

W

hen Hurricane Irma made landfall in Florida last year as a Category 4 storm, the offices of FIPCA member Dan Henn lost power for five days. Five critical days, leading up to the third quarter tax filing deadline. Fortunately, Dan had recently implemented an IT infrastructure plan that secured his network data and made it easily accessible for his staff to work remotely from home or other locations that did not lose power.

Is your firm as prepared as Dan’s to weather a storm? The 2018 Atlantic hurricane season is already underway and it’s predicted to be another active one. Think it won’t happen to you? Think again.

Just last year, 2.1 million Florida businesses were impacted

by Hurricane Irma. In Texas, an estimated half-million businesses experienced flooding following Hurricane Harvey.

And, in California, nearly 400,000 businesses were affected by wildfires. Imagine your office burning to the ground tomorrow and you losing everything inside. How would you recover and how quickly? What if it happened days before a tax filing deadline?

Every CPA firm needs a business continuity and an IT recovery plan in place before disaster strikes and disrupts its ability to continue normal business operations. When catastrophe hits, it’s too late to start planning. And, not having a plan can result in losses of revenue, losses of clients – or worse – the complete loss of your business.

A proactive business continuity plan ensures that your firm’s critical services can be delivered and essential operations continue to function. A key element is identifying in advance the resources that need to be in place and the steps your business will take during and immediately following a disaster.

Elements of a business continuity plan include:

• Business Impact Analysis that identifies the services your firm absolutely has to deliver without interruption • Recovery Strategies (plans and tactics) for restoring information and resuming business operations following a disaster

22

FLORIDA CPA TODAY | SUMMER 2018

• Written plan detailing business continuity and IT disaster recovery procedures • Testing the plan regularly to detect shortcomings and the need for fine-tuning. Make IT maintenance a part of the plan, because data gets moved and software gets updated, sometimes causing the backup to not work.

• Training employees on how to protect the company’s IT environment and access it remotely in the event of a disaster CPA firms create and manage large volumes of electronic information that is vital to their clients. If it becomes lost or corrupted, the impact can be devastating. The role of an IT disaster recovery plan is to (1) protect the information that is essential to your firm’s survival; (2) quickly restore hardware, applications and data; and (3) minimize the disruption to your business.

When choosing an IT infrastructure system, most small businesses underestimate the complexities involved in recovering the backed up data for their entire organization.

If your data is backed to an onsite hard drive server, a hurricane, flood or fire can destroy the server and —

with it — all of your data. If the data is backed up offsite and your onsite server is destroyed, recovery is not as easy as simply buying a new server.

And, if your data is backed up to the cloud, would you know how to retrieve it?

not impact the ability of employees to do their jobs. There are no limitations — other than an internet connection — to connect to the data center, allowing employees to access all of the company’s environment from anywhere in the world.

The optimum solution is a fullyhosted data center. This type of data center maintains not only a c ompany’s electronic data, but also all of its applications, environment, emails and security, and makes everything available from a single protected infrastructure. Damage to the company’s physical office or other disruptions do

A business continuity and IT disaster recovery plan provides peace of mind that when catastrophe strikes, your firm will be prepared and protected.

Because, it’s not just a matter of if it will happen, but when. To learn more, visit www.disasterrecovery.org/ it-business-continuity.

Coaxis is an endorsed program for the FICPA providing CPA firms with a fully-hosted and managed network solution designed to remove the complexities of federal and industry compliances, curb the demands of maintaining an IT infrastructure, and greatly minimize the threat of cybercrime. Its private, single-tenant data center is built, operated and maintained to the highest level Tier 4 standards, meaning it has no single points of failure, allowing for continued operations despite the occurrence of any unplanned activity. The company’s services also are compliant with GLBA, HIPAA HITECH, CJIS, and an Industry Audit SOC 2 Type 2- Unqualified Audit Opinion.

Fastest smartest malpractice insurance. Period.

800.906.9654 GilsbarPRO.com

SUMMER 2018 | FLORIDA CPA TODAY

23

PARTNER CONTENT

CPA FIRMS:

Cyber Risk Mitigation Fundamentals

BY GRETCHEN MCCOLE, VICE PRESIDENT AND AICPA RISK ADVISOR, AON

B

ugs in software create vulnerabilities and an access point for data to be exposed, and businesses of all types and sizes, including CPA firms, are exposed to these risks.

Cyber criminals look for the path of least resistance.

Outdated software that is left unpatched is more easily exploited by criminals looking to access data. If they were to walk around a neighborhood, the house they would enter is the one with the open unlocked door. It is the same thing when it comes to cybersecurity. They are scanning the network looking for easy access and outdated, unpatched software is a key vulnerability. The Heartbleed bug (a software flaw that allowed encrypted information to be stolen) is a strong example of what can become exposed - even with encryption - and the impact a patch had on sealing the continued breach of data, encryption keys, passwords and more.

Staying current on the latest patch and security software will mitigate potential damage from these types of bugs.

CPA firms are constantly plagued by these cyber security risks.

“CPAs have intimate relationships with their clientele, in terms of financial goal setting and meeting personal objectives,” said Samuel Aidee, senior AICPA risk advisor for Aon. “CPAs are prime targets for cyber criminals due to their guardianship of sensitive personal and business-related information, so in today’s highly litigious environment, the question isn’t “Do I need cyber liability coverage, but rather, how much liability coverage do I need to sleep better at night?”

Beyond actually providing accounting services, CPAs have many other considerations, and cyber security should be at the top of the list. In this article, we outline the top recommendations for firms to help reduce cybersecurity risk.

Recommendation: Keep software updated to reduce vulnerabilities.

Phishing and pretexting events continue to be a major method for criminals to obtain data or money. Phishing involves an email with the attempt to trick a person into opening the email and clicking on an attachment to install malware. Pretexting employs a back and forth dialogue where the criminal is pretending to be a client, vendor or 24

FLORIDA CPA TODAY | SUMMER 2018

senior person at the firm. The criminal is attempting to gain trust so that they can obtain information — like a list of employees with social security numbers for HR purposes or getting someone to transfer funds to an account the criminal has set up. These schemes are becoming more and more sophisticated. Criminals have found this to be a quick means to an end; fairly simple execution with a quick monetary return.

Recommendation: Educate firm members about cyber risks like phishing and pretexting.

Firm members should be encouraged to flag if something does not seem to be right, and to not take action on such items. For example, if there is an email for a request to transfer funds, there should be protocol in place that they call the client or firm leadership to verify it is legitimate.

Another issue for firms concerns passwords. According to the Verizon 2016 Data Breach Investigations Report, 63 percent of confirmed data breaches involved weak, default or stolen passwords. This includes mobile devices and setting passwords, encrypting and using a security app to protect data. With a little diligence and creativity, maintaining strong and up-to-date passwords is a relatively simple and effective defense against a potential breach.

Recommendation: Ensure there is multifactor authentication, encryption and a strong password policy in place.

Keeping software updated with the latest patch or other software fix, awareness and training of phishing schemes as well as having a protocol in place to avoid an issue, and having a strong password and encryption policy are just a few of the fundamentals in preventing or mitigating a cyber incident.

This applies regardless of firm size or industry. While Ben Franklin was referring to fire safety when he wrote “an ounce of prevention is worth a pound of cure”, the same concept applies to any good risk control program, including enterprise risk management for managing cyber risk.

When it comes to good cyber risk management as well, basic fundamentals should be in place: • Raising awareness: Training of all firm staff (yourself included!) is the most important thing that can be done.

According to James Trainor, senior vice president of Aon’s Cyber Solutions Group and a former FBI agent, “Education is a key factor to a good cyber security program. Integrate data security and cyber risk into your day to day practice.”

• Improving defenses: Strong password policies and encryption are important defense techniques. Additional defenses include limiting access to private data to those with a need to know and shutting off access for employees when they leave a firm. Keep software updated with the most recent patches to reduce vulnerabilities. Also, do not leave laptops in a car or otherwise unattended where they can be stolen. And not all employees need access to the same breadth of information – be careful with who has access to what.

• Blaze battlers: Assigning a point person for cyber security who provides regular, firm-wide communication is an important step. Even in a small firm with a few people, if there are not a set of policies and procedures in place to include a protocol for who should be informed in the event of a potential incident, the scope of the issue could be made much more severe from an exposure, cost and public relations perspective.

• Promote best practices: A foundation for good risk management is keeping best practices top of mind. For cyber, you need to be aware of the risks, keep everyone updated and ensure you have a plan in place to mitigate the potential damages when the inevitable occurs. Continue regularly with vulnerability scans, email filtering, anti-virus software and secure your Wi-Fi. In addition, back up data regularly, this helps to return to operations if data is lost, stolen or held ransom.

Remember that some of the best defenses can be the most basic yet are easy to forget. Incorporating the fundamental techniques is a good start to making your business more secure or ready when an incident does occur. When we are better prepared for a cyber incident we are better equipped to handle it and help CPAs do what they do best - serve clients.

An important partner in prevention, response and getting back to business is an insurance advisor who knows the cyber risks CPA firms face and can help to provide the guidance needed to get firms to smart solutions.

“CPA firms and their clients should choose professional and trusted advisors to manage both their personal and business data, with the expectation that all of the appropriate measures are in place to protect such proprietary information,” said Candace Coach, AICPA risk advisor for Aon. Vigilance is required to protect private data in your firm’s care, custody and control. Criminals are vigilant in trying to obtain that data. These techniques should give you a great start!

This article is provided for general informational purposes only and is not intended to provide individualized business, risk management or legal advice. It is not intended to be a substitute for any professional standards, guidelines or workplace policies related to the subject matter.

Accountants Liability - Positioning Your Firm for Success Webinars AUDIT AND ATTEST SERVICES FOCUS

TAX FOCUS

August 7, 2018 | 1:00 PM - 5:00 PM | Code: AICNAAF1

July 17, 2018 | 1:00 PM - 5:00 PM | Code: AICNATF2

September 18, 2018 | 1:00 PM - 5:00 PM | Code: AICNAAF2

November 1, 2018 | 1:00 PM - 5:00 PM | Code: AICNATF3

November 15, 2018 | 1:00 PM - 5:00 PM | Code: AICNAAF3

November 28, 2018 | 1:00 PM - 5:00 PM | Code: AICNATF4

Visit ficpa.org/cpe to register.

SUMMER 2018 | FLORIDA CPA TODAY

25

The AICPA-endorsed CPA Value Plan provides industry-leading professional liability insurance that gives you the freedom to delve into new areas of practice with the confidence your firm is covered.

Program features include:

GROW YOUR FIRM WITH CONFIDENCE

• Coverage specifically designed for small CPA firms

• Optional CPA NetProtect® for cyber network damage claims and privacy breaches*

• Limits from $100,000 to $2 million for qualified firms

• Subpoena assistance, regulatory proceedings coverage, and more

• A variety of credits to help reduce your premium

Please contact Robert Albertini at Aon Insurance Services at 800.221.3023 or Sam Rogers at Rogers, Gunter, Vaughn Insurance at 800.893.7242 or Doug McCurry at Global Insurance Services, Inc. at 561.487.6001 today!

*CPA NetProtect® is offered for an additional premium as part of the AICPA Professional Liability Insurance Program.

Endorsed by: Endorsed by: Underwritten by: Brought to you by: Aon Insurance Services is the brand name for the brokerage and program administration operations of Affinity Insurance Services, Inc. (TX 13695), (AR 100106022); in CA and MN, AIS Affinity Insurance Agency, Inc. (CA 0795465); in OK, AIS Affinity Insurance Services Inc.; in CA, Aon Affinity Insurance Services, Inc. (CA 0G94493), Aon Direct Insurance Administrator and Berkely Insurance Agency; and in NY, AIS Affinity Insurance Agency.

One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract.

Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject without notice.

“CNA” is a registered trademark of 2018 CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the “CNA” trademark in connection with insurance underwriting and 26to change FLORIDA CPA TODAY | SUMMER claims activities. Copyright © 2018 CNA. All rights reserved.

E-12399-118 FL

STAFF REPORT

THREE STUDENTS AWARDED $3,000 1040K SCHOLARSHIPS

BOARD APPROVES $146,000 IN SCHOLARSHIP AWARDS

At its June meeting, the FICPA Scholarship Foundation Board of Trustees approved more than $146,000 in scholarships to be awarded to 77 Florida accounting students. The Board previously awarded $9,000 in 1040K scholarships, bringing total awards of $155,000 to 80 deserving students in 2018.

South Florida runners and CPAs joined together April 17 to celebrate the crossing of two finish lines – a festive road race AND tax filing deadline at the 29th Annual 1040K Run. Congratulations to Team EY for bringing the most runners and winning the 1040K Corporate Cup.

For more information about donating to and apply for Foundation scholarships, visit ficpa.org/scholarships.

YOU DESERVE A KEY LARGO VACATION

10th Annual Family Retreat July 26-29 | Key Largo

The Annual Family Retreat and Golf Tournament at Ocean Reef is nearly sold out! Book now at just $195/room night for your chance to relax and mingle with fellow FICPA members at the ultra-exclusive Ocean Reef Club in Key Largo.

All proceeds from this family-friendly event benefit the Foundation’s mission of helping Florida accounting students pursue their educational goals. No ties allowed.

Remember to bring your clubs and play in our charity golf tournament (July 27) then stay the weekend. You deserve it! ficpa.org/retreat.

2018 SUNCOAST SCRAMBLE RAISES THOUSANDS FOR SCHOLARSHIPS

You did it! Thanks to tremendous support from our CPE attendees, golfers, sponsors, speakers and volunteers, the 14th Suncoast Scramble Golf Tournament raised enough money to fund more than 12 scholarships for deserving accounting students! May L to R: Congratulations to the 2018 Florida CPA 4 was a beautiful day at the East Lake Champions Cup winners; Frank Zeph; David Tottle, CPA; Brian Armstrong; Scott Bartholmey, CPA Woodlands Country Club in Oldsmar.

More than 150 people turned out for a day of friendly competition and learning.

The Foundation and Suncoast Chapter salute our generous presenting sponsor BenefitMall. We thank Host sponsor Penservco, along with Major Sponsors Saint Leo University, FICPA, Vaco, Larry Heinkel TaxProblemSolver.com, BB&K CPAs, Chambers Financial Group, Risk Avoidance Managers, Advanta IRA and BMC CPAs. View full sponsor listing at ficpa.org/golf.

Mark your calendar now for the 15th Suncoast Scramble, May 3, 2019!

L to R: 2018 1040K Student Scholarship Recipients; Nicole Simon (FAU) and Dionne Grundy (FIU). Not pictured, Vanessa Vandamas (FIU).

This year’s 1040K scholarship recipients are Dionne Grudy and Vanessa Vandamas (Florida International University) and Nicole Simon (Florida Atlantic University). Each received a $3,000 scholarship, presented in honor of Lewis Davis, Miami-Dade County’s first African-American CPA. We proudly recognize our Platinum sponsors Dosal Tobacco and Four D’s Realty, LLC, along with The Lewis Davis Family Foundation; the FICPA; and Morrison, Brown Argiz & Farra, LLC. We also thank all silver and bronze sponsors for making the 1040K another success. View sponsor list 1040K.org.

JAN DOBSON, FICPA Scholarship Foundation Senior Director

Learn how you can support or become involved in Foundation events, visit ficpa.org or contact Jan Dobson, FICPA Scholarship Foundation sr. director, at 800-342-3197, ext. 380, ficpascholarship@ficpa.org.

SUMMER 2018 | FLORIDA CPA TODAY

27

STAFF REPORT

2018 Women to Watch Awards The 2018 Women to Watch Awards were presented by FICPA 2017-18 Council Chair, Alan M. West, during the Women’s Leadership Summit at the Mega CPE Conference on June 15, 2018 in Orlando.

Experienced Leadership Award recipient Jaime Campbell with FICPA 2017-18 Council Chair, Alan West.

Emerging Leader Award recipient Amanda Porupski receiving the Women to Watch Award.

The Women to Watch Awards were created by The American Institute of CPAs to recognize outstanding women in the accounting professions. Started in 2010, the FICPA Women to Watch Awards were created to focus on the outstanding women who not only shape the Florida Institute of CPAs, but also the profession.

The Women to Watch awards are given in two categories: Experienced Leader and Emerging Leader.

The “Experienced Leader” Award recognizes a woman who has advanced to a higher level or leadership position within her profession and has more than ten years’ accounting experience.

This year’s Experienced Leadership Award recipient of the 2018 Women to Watch Experienced Leadership Award is Jaime Campbell, CPA, CGMA, MBA.

delivers accounting information to her clients in a whole new light.

Jaime’s nurturing approach to her work and her clients also delivers results. As shown through her work with small businesses, local entrepreneurs, and non-profit organizations, her dedication to the community and impact on the profession is undeniable.

Jaime is the co-founder and CFO of the Naples branch of Tier One Services, LLC. In addition to her strategic vision and leadership, Jaime has leveraged her 14 years of experience in financial analysis to double – and then triple – her firm’s revenues.

The Women to Watch Emerging Leader award honors a woman who has made significant contributions to the profession and to her community even in the early stages of her career, this year’s winner of the 2018 Women to Watch Emerging Leader Award recipient is Amanda Porupski.

Jaime is passionate about her analytical work and self-described, “proud-to-bea-geek” mind. By combining analytical rigor with a creative approach, Jaime

Amanda has shown an impressive commitment to the profession through her involvement in the FICPA’s Valuation, Forensic Accounting

28

FLORIDA CPA TODAY | SUMMER 2018

and Litigation Services Committee, the Young CPAs Committee, and the University of South Florida Accounting Conference Committee.

Amanda is also a member of the Hillsborough County Bar Association, Clearwater Bar Association, and Hillsborough Association of Women Lawyers. She serves on the board of directors of the American Woman’s Society of CPAs, Tampa Bay and the University of South Florida Accounting Circle.

In her current role with the Tampa office of CBIZ MHM, Amanda has worked on a number of high profile cases involving complex financial matters across a variety of disciplines.

Amanda has shown a willingness to give back to younger accountants, having served as a guest lecturer and speaker at the University of South Florida and a contributor to the FICPA’s Young & Licensed blog.

Nominations for the 2019 Women to Watch Awards will be open from December 1, 2018 through January 15, 2019. More information will be posted to FICPA.org when it is available.

Plan to join us next year and watch the award presentation at the 2019 Women’s Leadership Summit on June 14, 2019, held in conjunction with the Mega CPE Conference in Orlando the week of June 12-15, 2019 at the Disney’s Contemporary Resort.

DEBRA KELLY, Member Connections Manager

STAFF REPORT

4th Annual Accounting Scholars Leadership Symposium The 4th annual Accounting Scholars Leadership Symposium (ASLS) was held June 13-15 in conjunction with the MEGA Conference in Orlando at the Disney Contemporary Resort. Twenty-two outstanding college students who were selected to attend made it to this 3-day invitational program to strengthen their professional skills and learn about the limitless possibilities and benefits of earning their CPA credential.

Upon arriving, these students were able to sit and talk with the Florida Board of Accountancy in a relaxed atmosphere. They also sat one on one with Jessica Norena for a resume critique while they enjoyed snacks, learned about the different CPA Review Providers and had their professional headshot taken. On the second day of the program, these students engaged sessions on topics ranging from “Exploring your career” to an Etiquette Workshop to “Aiming High with Professional Certifications” to panels that talked about working in the profession and the CPA exam. The students were impressed with the topics and the guest speakers, who included some FICPA members who generously volunteered their time: Randall Wilson, Michael Bohatyritz, Laila Kolarich, Salina Garris, Asad Ahmad, Nick Lebredo, Noel Tiell, Trencia Jenkins and Karl Vanledtje.

“This event was phenomenal and mind blowing.”, said an attendee. “I will brag about how this event is to other ambitious accounting students.”

At lunch on the same day, ASLS attendees were paired up with MEGA attendees who offered to “mentor” them during the conference lunch. Volunteers included: Elina Brown, Jenny Bucior, Sarah Clemons, Mike Conway, Karen Lake, Anne Marie Hicks, Wesley Howell, Michelle Hurst, Stewart Hurst, Tina Leistner, George Leonard, Steven Levine, Zenith Lewis, Joe Mirandi, Dan Moylan, Pablo O'Neill, Lori Palmer Nancy Romans, Christopher Smith, T. Jay Vitarelli and Tom Workman. Besides getting acquainted, giving insight, and introducing their assigned student to fellow professionals, some of these kind mentors also offered to stay in touch, which both impressed and delighted the students.

Attendee, Raheem Smith, networking with professionals during the Networking Reception.

One student participant described the event as "Life Changing".

On the last day of the Symposium, students were welcomed at visits to CliftonLarsonAllen; Disney; KPMG; McDirmit Davis & Company and MSL. All these hosts provided warm hospitality as well as insight on their company practice and what they had to offer an accounting intern or starting CPA. Many of the students had not yet had the opportunity to enter the offices of an accounting firm until then.

There are also many expenses involved with putting on the Accounting Scholars Leadership Symposium including bus transportation to the firm visits. meals during the symposium and hotel accommodations. Therefore we would like to acknowledge our generous sponsors who had the passion and interest in providing the support needed: Becker Professional Education, Robert E Burke, Deric V. Cablish, Pannie D. Kydd, McDirmit Davis & Company, Daniel Moylan, Keith Newman, Thomas W. Pruitt, Ronald S. Simon, Surgent CPA Review, T Jay Vitarelli, Wiley CPAexcel, and Thomas Workman Jr.

All the ASLS attendees at the event.

Attendee, Brittany Antonowicz, talking with professionals during the Mentor Lunch.

JENNIFER ALLEN, Emerging Professionals Manager SARA SCHMEDINGHOFF, Emerging Professionals Manager

SUMMER 2018 | FLORIDA CPA TODAY

29

THANK YOU

FOR JOINING US AT MEGA CPE CONFERENCE PLATINUM SPONSORS Aon Insurance Services, Inc. – Chairman’s Leadership Awards Dinner (6/14/2018) CNA Insurance – Chairman’s Leadership Awards Dinner (6/14/2018) Member Benefits, Inc. – Keynote Speaker Sponsor (6/14/2018)

30

SILVER LEVEL SPONSORS

ADDITIONAL SPONSORS

ADP | Canopy Tax Universal Financial Consultants

Liberty Mutual Insurance | LTC Global Global Insurance Services

FLORIDA CPA TODAY | SUMMER 2018

SUMMER 2018 | FLORIDA CPA TODAY

31

STAFF REPORT

CPA Day of Service 2018 On May 19, 2018 nearly 250 CPAs with their family & f riends gathered together completing service projects in 18 different Florida communities during FICPA CPA Day of Service. This annual statewide event is spearheaded by members of the Young CPA Committee. The FICPA would like to extend a special thanks to those who organized each of the service projects and thank all of the volunteers that supported this event.

On May 17, different service projects took place around the state. Here are some volunteers from the following service projects from L to R; Metropolitan Ministries in Tampa, HabiJax event in Jacksonville, Grace Mission in Tallahassee.

Please join us in May 2019 for next year’s CPA Day of Service where together we can make a difference in our local communities across the state. For more information about Young CPA and student initiatives please contact our Emerging Professional Managers Jennifer Allen or Sara Schmedinghoff at: emergpro@ficpa.org or 850-224-2727.

2018 CPA Day of Service Event Organizers • Deland; Yard work for animals at My Angel with Paws.

Organizer: Samantha Edwards with James Moore & Co. • Fort Myers; Prepping meals in the soup kitchen for Community Cooperative. Organizer: Jessica Walker with Markham Norton Mosteller Wright & Co. • Freeport; Outside work at Westonwood Ranch. Organizer: Ali Gorman with Carr, Riggs & Ingram, LLC • Ft. Lauderdale; Collecting books for United Way Broward Book Swap. Organizer: Shayne Ellman with Gladstone & Company • Jacksonville; Playing recreational activities with at-risk youth at Daniel Kids. Organizer: Alli Lainez with Carr, Riggs & Ingram, LLC • Jacksonville; Homebuilding with HabiJax. Organizer: Andrew Hetzel with PricewaterhouseCoopers, LLP • Juno Beach; Beach Clean-up at Loggerhead Marinelife Center.

Organizer: Allyse Carter with Caler, Donten, Levine, Cohen, Porter & Veil, PA • Marathon; Moving furniture and yard work at Domestic Abuse Shelter of the Florida Keys. Organizer: Donna Hoffman with Bishop, Rosasco & Co. • Miami; Painting at Affirming Youth Foundation. Organizer: Winsome Anderson with W.A. Anderson Consulting, LLC • Naples; Various hands on activities at Shy Wolf Sanctuary.

Organizer: Jeanna Hermance with Markham Norton Mosteller Wright & Co., PA and Trey Bruce with Mari Huff, CPA, PA

32

FLORIDA CPA TODAY | SUMMER 2018

2018 CPA Day of Service Event Organizers (Continued) • Orlando; Pre-sorting hygiene products for packing and distribution at Clean the World. Organizer: Scott Wagner with Carr, Riggs & Ingram, LLC • Oviedo; Sorting donations at Hope Helps: Hope Chest Thrift Store. Organizer: Gabe Shibly with Orlando City Soccer Club • Pensacola; Participating in activities for Ice Cream Social at Big Brothers Big Sister NWFL. Organizer: Jen Mostert with Saltmarsh, Cleaveland & Gund, CPAs • South Miami; Eco Restoration at Tropical Audubon Society.

Organizer: Caridad "Carey" Vasallo with VMBG Accounting • Silver Springs Shores; Building a house with Habitat for Humanity. Organizer: Kelsie Smith with Crippen & Co • Tallahassee; Delivering food at Grace Mission. Organizer: Delia Finnerty with Law, Redd, Crona & Munroe, P.A. • Tampa; Working in the kitchen at Metropolitan Ministries.

Organizer: Chandra Clines with Saltmarsh, Cleaveland & Gund, CPAs • West Palm Beach; Landscaping and planning at the Department of Veterans Affairs Medical Center. Organizer: Cory Rubal with Caler, Donten, Levine, Cohen, Porter & Veil, P.A. For a full list of volunteers, visit: ficpa.org/serve.

JENNIFER ALLEN, Emerging Professionals Manager SARA SCHMEDINGHOFF, Emerging Professionals Manager

See examples of the great work done throughout the state on FICPA's Flickr: flickr.com/f icpa

STAFF REPORT

Candidate Interviews — GA team at work Florida voters will head to the polls on August 28 for the primary election. They’ll make decisions on a US Senate race, four statewide Cabinet posts – including Governor – 27 Congressional seats, 23 of 40 Senate seats and 120 House seats.

For some of the state Senate and House races, the primary elections may be the only election that matters. It all depends on the voter registration of a particular area and the district in which someone lives. While the state’s voter registration is split almost evenly between Democrats, Republicans and now those that register as some other affiliation, there are still some districts that have a majority of either Democrats or Republicans. Whichever majority party candidate wins the primary will essentially become the new state Senator or Representative for their area.

Over the past few months, the Florida CPA/PAC has interviewed and researched candidates for these races to determine whether the candidates have pro-CPA and pro-business views. The bipartisan interviews were held in Tampa, Miami, Orlando, Jacksonville and Tallahassee

by the Florida Chamber Political Institute (FCPI) and the Florida Association of Professional Lobbyist (FAPL). After attending all the interviews, more than 100 candidates will have been interviewed as part of the Florida CPA/PAC vetting process of candidates. In addition to being interviewed during the FCPI and FAPL interview process, candidates are asked to fill out the Florida CPA/PAC candidate questionnaire and provide recommendations from local CPAs in order to be considered by the Florida CPA/PAC Directors for support. To learn more about the Florida CPA/PAC and how pro-CPAs are supported, visit ficpa.org/content/GovernmentalAffairs/PAC.aspx JUSTIN THAMES, DPL, Director of Governmental Affairs

Make your voice heard — SUPPORT THE CPA/PAC.

Stand with our profession and make a voluntary contribution to the Florida CPA/PAC. Donating to the Florida CPA/PAC is the most effective way to ensure you have a voice in the political process.

Your donations go directly towards vetting, educating, and electing pro-CPA, pro-business candidates who understand the issues affecting our profession.

We carefully research and interview every candidate we support so that your dollars go towards supporting positive legislative change. And with multiple membership tiers and ways to give, we make it easy for you to make a difference this November.

VISIT FICPA.ORG/PAC TO DONATE TODAY Please note: contributions are strictly voluntary and are not deductible for federal tax purposes. The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others.

SUMMER 2018 | FLORIDA CPA TODAY

33

STAFF REPORT

The All New FICPA.org Designed from the ground up to serve you better and help you make the most of your FICPA Membership.

We are excited to share a snapshot of some of the great changes: PASSWORD FREE

• Fast, safe, and secure.

• We’re doing everything to protect your security!

INTUITIVE

• Less clicking, more information. Our new site is easily searchable.

DIRECT LINK TO MEMBER SERVICE

• U se the Chat icon at the lower right hand corner of every page. If we’re not available, we’ll ask for your contact information and respond as soon as we can.

CPE CREDIT INSTANTANEOUSLY!

Track all your CPE information in one place, right from your account.

• Take CPE Course.

• Complete your verification • Download a certificate of attendance.

RENEWING YOUR MEMBERSHIP FOR 2018-2019

• Online Subscription Options: Choose Annual or Monthly (same price) with automatic renewal. If you pay annually, you’ll receive a notice of renewal before the next cycle. OR pay by check with invoice.

• Simplified Categories of Membership: We have condensed the categories to make it easier for future generations to join.

• Free CPE: With your renewal, you will receive 30 hours of complimentary CPE, just part of the many benefits of being a FICPA Member.

It’s an exciting time for the FICPA, and we believe your member experience is going to keep getting better.

We hope to chat with you soon and we’re anxious to hear what you think. Thank you for your membership and support of the FICPA. We are here because of you!

LYNN HEPNER, Membership Development Manager

34

FLORIDA CPA TODAY | SUMMER 2018

DOR UPDATE

DOR Wins National Award for SCORE Partnership

BY VALERIE WICKBOLDT, COMMUNICATIONS DIRECTOR, FLORIDA DEPARTMENT OF REVENUE PUBLIC INPUT ON TAX CUTS AND JOBS ACT OF 2017 REQUESTED

The Department is currently requesting public input regarding the federal Tax Cuts and Jobs Act of 2017.

The Department is required by law (Chapter 2018-119, Laws of Florida) to conduct a review of how the Act will affect both the state corporate income tax and the businesses that pay the tax.

The Federation of Tax Administrators (FTA) nationally recognized the Florida Department of Revenue’s SCORE partnership for its effectiveness and proactive approach to assisting taxpayers.

The FTA 2018 Award was presented to Executive Director Leon Biegalski at the general session of the FTA Annual Meeting in June. SCORE is a nonprofit association of volunteer business counselors supported by the U.S. Small Business Administration. The Department is proud to partner with SCORE to provide Florida businesses additional tools and resources to be successful.

Upcoming July SCORE Webinar: The Department will host a webinar titled “Use Tax and You: What businesses should know about Florida’s most misunderstood tax” on Thursday, July 12, 2018, at 2 p.m. ET in partnership with SCORE. During this live webinar, participants will learn the definition of use tax, how it differs from sales tax, how it applies to businesses, when it is due and why it is often discovered during audits. To register or view past webinars, visit floridarevenue.com/ taxes/education.

Information, analyses, and/or input relating to the effect of the Tax Cuts and Jobs Act of 2017 can be submitted via email or mail. Comments received by the Department will be publicly available and posted to floridarevenue.com.

How to Provide Comments:

• Comments via email may be submitted to CITReview@floridarevenue.com • Comments via mail may be submitted to: Corporate Income Tax Review, c/o Director of Legislative and Cabinet Services, Department of Revenue, P.O. Box 5906, Tallahassee, Florida 32314-5906

SUMMER 2018 | FLORIDA CPA TODAY

35

CPAS IN THE SPOTLIGHT

CAPE CANAVERAL PORT CANAVERAL

Michael Poole

FICPA Member Michael Poole has been appointed chief financial officer of Port Canaveral.

Moises Moraga

Markham Norton Mosteller Wright & Co., P.A. (MNMW) welcomes Moises Moraga as an IT support specialist.

SEMINOLE

THOMAS HOWELL FERGUSON P.A. CPAs SUPERIOR GROUP OF COMPANIES, INC.

CLEARWATER CBIZ MHM, LLC

The Tampa Bay office of CBIZ MHM, LLC announces the promotions of six employees. Melissa Albano has been promoted to supervisor and Tyler Jenney to manager, each in the audit department; Denney Holloway and Lauren Kolstedt have been promoted to managers in the tax department; Jacque Fucca and Amanda Porupski have been promoted to supervisors in the litigation department.

FICPA member Andy Demott was named chief financial officer of the year (for a Andy Demott large size company) by the Tampa Bay Business Journal.

CHERRY BEKAERT LLP

FICPA member Randall M. Cathell, CPA, MST, has joined Cherry Bekaert LLP as an international tax director.

THOMAS HOWELL FERGUSON P.A. CPAs Katrina Cromwell

Congratulations to Tami Cindrich, partner with Markham Norton Tami Cindrich Mosteller Wright & Co., P.A. (MNMW), who received the 2018 “Go-Getter of the Year” award from the National Society of Certified Healthcare Business Consultants (NSCHBC) for her contributions to the organization.

36

FLORIDA CPA TODAY | SUMMER 2018

Brian Detwiler

TAMPA Alexander Frey

Timothy Icardi

Thomas Howell Ferguson P.A. CPAs, congratulates Alexander Frey and Timothy Icardi on receiving their CPA licenses.

FORT MYERS MARKHAM NORTON MOSTELLER WRIGHT & CO., P.A.

Amy Ranieri

Thomas Howell Ferguson P.A. CPAs welcomes Amy Ranieri, Katrina Cromwell, and Brian Detwiler to the firm.

TALLAHASSEE

FT. LAUDERDALE

Randall Cathell

Stephen Andrews

FICPA Member Stephen Andrews receives Golden A.C.E. Award - Recognizing Tallahassee's top "20 under 40" young professionals.

Ying Wang

Ying Wang, of Thomas Howell Ferguson P.A. CPAs, was accepted into Leadership Tallahassee Class 36.

FORENSIC ACCOUNTANTS & CONSULTANTS CERTIFIED PUBLIC ACCOUNTANTS

Forensic Accountants & Consultants Certified Public Accountants has promoted Christine Smith to Litigation Manager for the South Florida office.

WEST PALM BEACH CALER, DONTEN, LEVINE, COHEN, PORTER & VEIL, P.A.

The CPA firm of Caler, Donten, Levine, Cohen, Porter & Veil, Gary Mann P.A. is pleased to announce that Gary Mann received his CPA license on May 17.

Congratulations to the Summer 2018 CPAs in the Spotlight!

Email your submission to communications@ficpa.org.

Check out what our members are doing at ficpa.org/CPASpotlight.

MARKETPLACE

Classified Ads, Job Postings, and More.

For information on rates and classified ad policies, visit ficpa.org/classifiedsonline.

PRACTICES FOR SALE

Practice for sale or merger

Full service CPA Practice for sale or merger in Jacksonville, FL. Total revenue $750,000+.

Principals will continue for any desired time period. Telephone 904 309-2347

Hollywood CPA Ready to Retire

HOLLYWOOD CPA READY TO RETIRE/ WORK PART TIME AFTER TRANSITION HAS SMALL BUSINESS AND TAX PRACTICE HAS AVAILABLE OFFICES FOR RENT CONTACT MARTY 954-9223144 EMAIL MGFLCPA@AOL.COM

CPA Firms for Sale

GEORGIA: Savannah-$1.1 million-full service Atlanta-$780k-tax/bookkeeping Atlanta-$400k-tax/bookkeeping FLORIDA: Jacksonville-$1.2 million-full service Orlando-$400k-tax/bookkeeping TENNESSEE: Memphis-$700k-tax/bookkeeping Call David L. Askins or Buddy Turman at 877-277-0272 or email david@akinsprofessionalbrokerage. com and buddy@akinsprofessionalbrokerage.com AKINS PROFESSIONAL BROKERAGE: www.akinsprofessionalbrokerage.com

SUMMER 2018 | FLORIDA CPA TODAY

37

MARKETPLACE

PRACTICES FOR SALE (CONTINUED)

Practices Wanted for Purchase or Merger

Growing South Florida CPA firm looking to purchase or merge with a retirement-minded CPA in Florida. Favorable purchase terms offered with continuing employment opportunities available. Please contact Jeff Taraboulos at info@ksdt-cpa.com or (305) 670-3370.

Tampa Tax Practice

Retiring South Tampa CPA selling 35+ year tax practice. $240,000 revenue. Immediate transfer desired.

Experienced staff available. Email: stcpa92@yahoo.com.

OFFICE SPACE

Wanted CPA

Wanted CPA that wants to build their own practice. I have a fully functional accounting office to use for free in Fort Myers, FL. Reply to CPABANDB@ yahoo.com.

ST. DENIS & DAVEY, ATTORNEYS AT LAW FLORIDA

Reclaiming Justice Focusing on legal malpractice and accounting malpractice statewide, St. Denis & Davey, P.A., Attorneys are led by Super Lawyers honoree Donald W. St. Denis and Rising Stars honoree Brian W. Davey.

For St. Denis and Davey, finding justice for clients who have been let down in the past is the ultimate gratification.

“Clients come to us jaded about the legal process.” St. Denis says. “When they see how hard we work and how hard our experts work, they’re very thankful to see that the legal system can ultimately work for them.”

LEGAL MALPRACTICE MALPRACTICE Only through intense diligence does the team of five attorneys tackle malpractice claims that arise from personal injury, real estate and cases, plus Did fail you youaccounting orone oneof of your clients?

Did a a lawyer lawyer fail or your clients? many more areas.

We pay pay referral referralfees fees

Visit ficpa.org/classifiedsonline for complete classified ad policies.

“This sort of law is very document-intensive MALPRACTICE cases. on LEGAL MALPRACTICE cases. and cost-intensive.

We’re willing to put the time and resources to take it all the way For legal malpractice malpractice representation representation through,” Davey says.

throughout Florida, contact contactus. us. throughout Florida,

Representing victims of of legal legaland andaccounting accountingmalpractice malpracticesince since1994 1994 Representing victims w ww ww w..ssddttrri iaal ll laaw w. .ccoom m

1300 Riverplace Riverplace Blvd., Blvd., 401 1300 Suite 401 1300Suite Riverplace Blvd., Suite Jacksonville, FL FL 32207 32207 Jacksonville, Jacksonville, FL 32207

PH:Suite (904) 396-1996 1395 Brickell Brickell Avenue, Avenue, 800 1395 Suite 800 Miami, FL FL 33131 33131 Miami,

401

• FX: (904) 396-1991

*Available for consultation at: 10150 Highland Highland Manor Manor Drive 10150 Drive Suite Suite 200 200 Tampa, FL FL 33610 33610 301 Clematis St., Suite 300 Tampa,

West Palm Beach, FL 33401 832-5991 • FX: (561) 832-5985 Toll free 866-542-1996

305 Cherry Street, 1514 W. 23rd Street, PH: (561) Panama City, FL 32401 Panama City, FL 32405

*Available for consultation at: *Available for consultation at: 301 Clematis Street, Suite 300 301 Clematis Street, Suite 300 West Palm Beach, FL 33401 West Palm Beach, FL 33401 Toll Free 866.542.1996 Toll Free 866.542.1996

38

FLORIDA CPA TODAY | SUMMER 2018

JULY 1, 2018 - JANUARY 31, 2019

CPE CATALOG The FICPA hosts over 130 in-person CPE events throughout Florida, and more than 3,000 online events. Not finding what you need in this catalog?

Go online to ficpa.org/catalog to see all of our courses.

CUSTOMIZED LEARNING SOLUTIONS

TAKE TWO OPTIONS

FICPA SIMULCAST CONFERENCES

ON-SITE LEARNING

VALUE-PRICED SEMINARS

CONFERENCES

ETHICS

FICPA POWER PASS

ON DEMAND

SEMINARS

L EARNLINX CPE ONLINE COURSES

Table of Contents Good to Know.................................................................... 40 In-Person CPE.....................................................................41 Boca Raton....................................................................................................41 Coral Gables..................................................................................................41 Ft. Lauderdale............................................................................................42 Ft. Myers..........................................................................................................43 Gainesville......................................................................................................43 Miami................................................................................................................43 Orlando............................................................................................................43 Tampa.............................................................................................................. 44 West Palm Beach................................................................................... 46

Value-Priced CPE..............................................................47 Upcoming Seminar Days..............................................47 Ethics..................................................................................... 48 LearnLinx OnLine CPE....................................................49 Complimentary CPE........................................................ 52 OnDemand CPE................................................................54 In-Person Course Descriptions..................................58 Save These Event Dates................................................63

GOOD TO KNOW The Florida Institute of CPAs understands how important continuing professional education is toward your success as a Certified Public Accountant. To help you meet your professional development needs, the FICPA has brought together an outstanding collection of CPE programming designed to sharpen your skills, keep you informed of the latest developments and enhance your career. With hundreds of programs, the FICPA can help meet any CPE need: accounting & auditing updates, ethics, specialized topic conferences, governmental courses, the latest on taxation and much more! The FICPA is your one-stop shop for high quality CPE courses in any format.

REGISTRATION INFORMATION Registration Prices Take advantage of Early Bird Prices by registering more than 30 days before the course date and receive $55 off the regular registration fee.

Nonmembers of the FICPA are welcome to attend but are required to pay an additional $125 per day of instruction or $65 per half day of instruction.

Ways to register for FICPA CPE programs: • LOGON to www.ficpa.org/cpe.

• CALL the FICPA Member Service Center at (800) 342-3197 or (850) 224-2727 to place a credit card order.

SAVINGS IN NUMBERS. GROUP DISCOUNTS AVAILABLE Register five to seven people from the same organization for the same event and receive a 15% discount off the registration fee. Register eight or more for the same event and receive a 20% discount. Restrictions may apply.

CPE POLICES YOU MAY NEED TO KNOW CPE policies can be found on our website at www.ficpa.org/policies.

40

FLORIDA CPA TODAY | SUMMER 2018

THE CPE TRACKER The FICPA’s CPE Tracker is a tool that allows you to track your CPE courses throughout your reporting period.

FICPA courses taken will be automatically included in this Tracker. Courses taken from vendors other than the FICPA can be included in this online application for FICPA members. It is the user’s responsibility to ensure the Tracker’s accuracy.

VALUE-PRICED SEMINARS Get exceptional value from these streamlined, high quality courses that enable you to gain essential knowledge and skills at a lower price. These are our most popular courses taught by our best educators in modest facilities that are conveniently located around Florida.

We may not serve you lunch, but we’ll serve you quality CPE and great value.

EVENT TIMES Check-in begins 30 minutes before the program starts.

Schedules for conferences and seminars may differ.

Full Day Seminars 8:30 a.m – 4:30 p.m.

Half Day Seminars 8:30 a.m. – 12 p.m. and 1 – 4:30 p.m.

IN-PERSON CPE

BOCA RATON ACCOUNTING AND AUDITING New! ASU No. 2016-14 In Just (4 hour)

Date: October 17, 2018 CPE Credit: 4 AA Course Number: ASU410 Location: Embassy Suites Boca Raton Instructor: Robert P. Bedwell Early Bird Price: $150 Regular Price: $205

New! The 2018 Yellow Book Revision (4 hour)

Date: October 17, 2018 CPE Credit: 4 AA Course Number: QUA410 Location: Embassy Suites Boca Raton Instructor: Robert P. Bedwell Early Bird Price: $150 Regular Price: $205

The New Lease Accounting Standard: How Ready Are You? Date: November 26, 2018 CPE Credit: 8 AA Course Number: LEAS30 Location: Embassy Suites Boca Raton Instructor: Robert P. Bedwell Early Bird Price: $295 Regular Price: $350

TAKING ONE OF THESE FOUR-HOUR COURSES? Pair an Ethics with another four-hour course and get 8 hours of Early Bird Price CPE for $249. It’s that easy!

Look for the “Take Two” icon on select pairings.

The New Revenue Recognition Standards: Now Is The Time To Prepare?

Date: November 27, 2018 CPE Credit: 8 AA Course Number: REVR30 Location: Embassy Suites Boca Raton Instructor: Robert P. Bedwell Early Bird Price: $295 Regular Price: $350

Annual Accounting and Auditing Update

Date: November 30, 2018 CPE Credit: 8 AA Course Number: AAUA10 Location: Embassy Suites Boca Raton Instructor: Jeffrey L. Sailor Early Bird Price: $295 Regular Price: $350

MANAGEMENT/ CONSULTING Analyzing a Company's Financial Statement (4 hour)

Date: November 28, 2018 CPE Credit: 4 AA Course Number: FSABM4 Location: Embassy Suites Boca Raton Instructor: Anthony C. LaRusso Early Bird Price: $150 Regular Price: $205

Controller's Update: Today's Latest Trends (4 hour) Date: November 28, 2018 CPE Credit: 4 TB Course Number: SKSB400 Location: Embassy Suites Boca Raton Instructor: Anthony C. LaRusso Early Bird Price: $150 Regular Price: $205

TAX Best Federal Tax Update Course

Date: November 29, 2018 CPE Credit: 8 TB Course Number: BFTU00 Location: Embassy Suites Boca Raton Instructor: Deborah Phillips Early Bird Price: $295 Regular Price: $350

CORAL GABLES ACCOUNTING AND AUDITING Accounting and Auditing Update 2018 (4 hour) Date: December 3, 2018 CPE Credit: 4 AA Course Number: AAU450 Location: TBD Instructor: Ed Grossman Early Bird Price: $150 Regular Price: $205

ETHICS Ethics: Protecting the Integrity of Florida CPAs (4980) Date: December 3, 2018 CPE Credit: 4 ETH Course Number: ETH60 Location: TBD Instructor: Ed Grossman Early Bird Price: $99 Regular Price: $154

TAX Forensic Accounting Investigative Practices

Date: December 4, 2018 CPE Credit: 8 TB Course Number: FIRP00 Location: TBD Instructors: Jose L. Nunez, Michael Rosenberg, Leslie A. Share Early Bird Price: $295 Regular Price: $350

Estate and Gift Taxation of Nonresident Aliens in the United States

Date: December 5, 2018 CPE Credit: 8 TB Course Number: EGTNR00 Location: TBD Instructor: Leslie A. Share, Shawn P. Wolf Early Bird Price: $295 Regular Price: $350

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG

41

IN-PERSON CPE

FT. LAUDERDALE ACCOUNTING AND AUDITING Cybersecurity Fundamentals

Date: October 19, 2018 CPE Credit: 8 AA Course Number: CRMP10 Location: Crowne PLaza Fort Lauderdale Airport/Cruise Port Instructor: Kristina Demek Early Bird Price: $295 Regular Price: $350

Construction Industry Accounting and Financial Reporting

Date: December 10, 2018 CPE Credit: 4 AA, 4 TB Course Number: CIAFR10 Location: Crowne Plaza Fort Lauderdale Airport/Cruise Port Instructor: Robert A. Davidson Early Bird Price: $295 Regular Price: $350

Compilation and Review: Issues and Updates (4 hour)

ETHICS

Best Individual Income Tax Update

Ethics: Protecting the Integrity of Florida CPAs (4980)

Date: September 28, 2018 CPE Credit: 4 ETH Course Number: ETHABS Location: Greater Ft. Lauderdale/Broward Co. Convention Center Instructor: Cecil Patterson Early Bird Price: $99 Regular Price: $154

Ethics: Protecting the Integrity of Florida CPAs (4980) Date: December 11, 2018 CPE Credit: 4 ETH Course Number: ETH70 Location: Crowne Plaza Fort Lauderdale Airport/Cruise Port Instructor: Cecil Patterson Early Bird Price: $99 Regular Price: $154

GOVERNMENT/ NOT-FOR-PROFIT Governmental and Not-for-Profit Annual Update

Date: December 11, 2018 CPE Credit: 4 AA Course Number: COMP410 Location: Crowne Plaza Fort Lauderdale Airport/Cruise Port Instructor: Cecil Patterson Early Bird Price: $150 Regular Price: $205

Date: October 18, 2018 CPE Credit: 8 AA Course Number: GNAU00 Location: Crowne Plaza Fort Lauderdale Airport/Cruise Port Instructor: Robert P. Bedwell Early Bird Price: $205 Regular Price: $260

Accounting and Auditing Update 2018

TAX

Date: December 12, 2018 CPE Credit: 8 AA Course Number: AAUD20 Location: Crowne Plaza Fort Lauderdale Airport/Cruise Port Instructor: Cecil Patterson Early Bird Price: $295 Regular Price: $350

Best S Corporation, Limited Liability and Partnership Update

Staff Level Tax Training

Date: January 10, 2019 CPE Credit: 8 TB Course Number: SLTT00 Location: Crowne Plaza Fort Lauderdale Airport/Cruise Port Instructor: Vicki H. Myers Early Bird Price: $295 Regular Price: $350

LLCs and Partnerships: Intermediate

Date: January 11, 2019 CPE Credit: 8 TB Course Number: LLCP00 Location: Crowne Plaza Fort Lauderdale Airport/Cruise Port Instructor: Vicki H. Myers Early Bird Price: $295 Regular Price: $350

CONFERENCES 2018 Accounting & Business Show

Date: Sept. 26-28, 2018 CPE Credit: Up to 21 CPE Hours Course Number: AS Location: Greater Ft. Lauderdale/Broward Co. Convention Center Early Bird Price: Varies Regular Price: Varies

Date: December 13, 2018 CPE Credit: 8 TB Course Number: BCPE10 Location: Crowne Plaza Fort Lauderdale Airport/Cruise Port Instructor: Deborah Phillips Early Bird Price: $205 Regular Price: $260

= Live Conference Simulcast | 42

Date: December 14, 2018 CPE Credit: 8 TB Course Number: BITU00 Location: Crowne Plaza Fort Lauderdale Airport/Cruise Port Instructor: Deborah Phillips Early Bird Price: $205 Regular Price: $260

= Seminar Days |

OF COURSE! | JULY 1, 2018 - JANUARY 31, 2019

= Take Two! |

= Value Priced Seminars

IN-PERSON CPE

FT. MYERS

GAINESVILLE

ETHICS

CONFERENCES

Ethics: Protecting the Integrity of Florida CPAs (4980)

University of Florida Accounting Conference

Date: October 24, 2018 CPE Credit: 4 ETH Course Number: ETHFGC Location: Embassy Suites Hotel - Ft. Myers Instructor: Pat Patterson Early Bird Price: $99 Regular Price: $154

TAX Details of the Tax Cuts and Jobs Act and Impact to your Clients

Date: October 23, 2018 CPE Credit: 8 TB Course Number: TCJA20 Location: Embassy Suites Hotel - Ft. Myers Instructor: Randy Newton Early Bird Price: $295 Regular Price: $350

CONFERENCES Florida Gulf Coast University Accounting & Tax Conference

Date: Oct. 25-26, 2018 CPE Credit: Up to 16 CPE Hours Course Number: FGCUAC Location: Embassy Suites Hotel - Ft. Myers Early Bird Price: $440 Member ~ $690 Nonmember Regular Price: $495 Member ~ $745 Nonmember

Date: November 8-10, 2018 CPE Credit: Up to 20.5 CPE Hours Course Number: UFAC Location: Hilton University of Florida Conference Center Early Bird Price: $455 Regular Price: $510 Additional nonmember fee applies.

MIAMI ACCOUNTING AND AUDITING The New Lease Accounting Standard: How Ready Are You? Date: December 10, 2018 CPE Credit: 8 AA Course Number: LEAS40 Location: Hampton Inn Miami Airport Instructor: Robert P. Bedwell Early Bird Price: $295 Regular Price: $350

The New Revenue Recognition Standards: Now Is The Time To Prepare?

Date: December 11, 2018 CPE Credit: 8 AA Course Number: REVR40 Location: Hampton Inn Miami Airport Instructor: Robert P. Bedwell Early Bird Price: $295 Regular Price: $350

Compilation and Review: Issues and Updates (4 hour) Date: December 13, 2018 CPE Credit: 4 AA Course Number: COMP420 Location: Hampton Inn Miami Airport Instructor: Cecil Patterson Early Bird Price: $150 Regular Price: $205

= Live Conference Simulcast |

= Seminar Days |

Accounting and Auditing Update 2018

Date: December 14, 2018 CPE Credit: 8 AA Course Number: AAUD30 Location: Hampton Inn Miami Airport Instructor: Cecil Patterson Early Bird Price: $205 Regular Price: $260

ETHICS Ethics: Protecting the Integrity of Florida CPAs (4980) Date: December 13, 2018 CPE Credit: 4 ETH Course Number: ETH75 Location: Hampton Inn Miami Airport Instructor: Cecil Patterson Early Bird Price: $99 Regular Price: $154

TAX Best S Corporation, Limited Liability and Partnership Update

Date: December 12, 2018 CPE Credit: 8 TB Course Number: BCPE00 Location: Hampton Inn Miami Airport Instructor: Cecil Patterson Early Bird Price: $205 Regular Price: $260

ORLANDO CONFERENCES Summer Vacation Cluster

Date: Aug. 2-4, 2018 CPE Credit: Up to 20 CPE Hours Course Number: SVC Location: Disney’s BoardWalk Inn Early Bird Price: $195 per Session Regular Price: $250 per Session Additional nonmember fee applies.

= Take Two! |

= Value Priced Seminars

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG

43

IN-PERSON CPE

State and Local Government Accounting Conference Date: Aug. 16-17, 2018 CPE Credit: Up to 16 CPE Hours Course Number: SLGAC Location: Rosen Plaza Hotel Early Bird Price: $455 FICPA ~ $705 Nonmember Regular Price: $510 FICPA ~ $760 Nonmember

Construction Industry Conference

Date: Oct. 19, 2018 CPE Credit: Up to 11 CPE Hours Course Number: CIC Location: Renaissance Orlando Hotel-Airport Early Bird Price: $355 Regular Price: $410 Additional nonmember fee applies.

CIRA Real Estate Conference

Date: Nov. 14, 2018 CPE Credit: Up to 7 CPE Hours Course Number: CIRAREC Location: Rosen Shingle Creek Resort Early Bird Price: $250 Regular Price: $305 Additional nonmember fee applies.

Common Interest Realty Associations Conference

Date: Nov. 15-16, 2018 CPE Credit: Up to 24 CPE Hours Course Number: CIRA Location: Rosen Shingle Creek Resort Early Bird Price: $455 Regular Price: $510 Additional nonmember fee applies.

ETHICS Governmental Ethics: Protecting the Integrity of Florida CPAs (6957)

TAMPA ACCOUNTING AND AUDITING Accounting and Auditing Update 2018

Date: November 12, 2018 CPE Credit: 8 AA Course Number: AAUD10 Location: Stetson University College of Law Instructor: Gene Ristaino Early Bird Price: $205 Regular Price: $260

Accounting and Auditing Update 2018 Simulcast Date: November 12, 2018 CPE Credit: 8 AA Course Number: AAUD10WS Location: Online Instructor: Gene Ristaino Early Bird Price: $205 Regular Price: $260

Date: November 13, 2018 CPE Credit: 8 AA Course Number: COMP20 Location: Stetson University College of Law Instructor: Gene Ristaino Early Bird Price: $205 Regular Price: $260

Compilation and Review: Issues and Updates Simulcast Date: November 13, 2018 CPE Credit: 8 AA Course Number: COMP20WS Location: Online Instructor: Gene Ristaino Early Bird Price: $205 Regular Price: $260

= Live Conference Simulcast |

= Seminar Days |

OF COURSE! | JULY 1, 2018 - JANUARY 31, 2019

Date: November 15, 2018 CPE Credit: 8 AA Course Number: LEAS20 Location: Stetson University College of Law Instructor: Robert P. Bedwell Early Bird Price: $295 Regular Price: $350

The New Lease Accounting Standard: How Ready Are You? Simulcast

Date: November 15, 2018 CPE Credit: 8 AA Course Number: LEAS20WS Location: Stetson University College of Law Instructor: Robert P. Bedwell Early Bird Price: $295 Regular Price: $350

The New Revenue Recognition Standards: Now Is The Time To Prepare?

Compilation and Review: Issues and Updates

Date: August 15, 2018 CPE Credit: 4 ETH Course Number: ETHSLGAC Location: Rosen Plaza Hotel Instructor: Ed Grossman Early Bird Price: $99 Regular Price: $154

44

The New Lease Accounting Standard: How Ready Are You?

Date: November 16, 2018 CPE Credit: 8 AA Course Number: REVR20 Location: Stetson University College of Law Instructor: Robert P. Bedwell Early Bird Price: $295 Regular Price: $350

The New Revenue Recognition Standards: Now Is The Time To Prepare? Simulcast

Date: November 16, 2018 CPE Credit: 8 AA Course Number: REVR20WS Location: Stetson University College of Law Instructor: Robert P. Bedwell Early Bird Price: $295 Regular Price: $350

New! Cybersecurity Risk Fundamentals (4 hour)

Date: December 3, 2018 CPE Credit: 4 AA Course Number: CRMP400 Location: Stetson University College of Law Instructor: Kristina Demek Early Bird Price: $150 Regular Price: $205

= Take Two! |

= Value Priced Seminars

IN-PERSON CPE

New! Cybersecurity Risk Fundamentals (4 hour) Simulcast Date: December 3, 2018 CPE Credit: 4 AA Course Number: CRMP4WS Location: Online Instructor: Kristina Demek Early Bird Price: $150 Regular Price: $205

Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization (4 hour)

Date: December 3, 2018 CPE Credit: 4 AA Course Number: DATA400 Location: Stetson University College of Law Instructor: Kristina Demek Early Bird Price: $150 Regular Price: $205

Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization (4 hour) Simulcast Date: December 3, 2018 CPE Credit: 4 AA Course Number: DATA4WS Location: Online Instructor: Kristina Demek Early Bird Price: $150 Regular Price: $205

Forensic Accounting Investigative Practices

Date: December 4, 2018 CPE Credit: 8 AA Course Number: FAIP10 Location: Stetson University College of Law Instructor: Kristina Demek Early Bird Price: $295 Regular Price: $350

Forensic Accounting Investigative Practices Simulcast Date: December 4, 2018 CPE Credit: 8 AA Course Number: FAIP10WS Location: Online Instructor: Kristina Demek Early Bird Price: $295 Regular Price: $350

Construction Industry Accounting and Financial Reporting

Date: December 11, 2018 CPE Credit: 4 AA, 4 TB Course Number: CIAFR20 Location: Stetson University College of Law Instructor: Robert A. Davidson Early Bird Price: $295 Regular Price: $350

Not-for-Profit Annual Update (4 hour)

Date: December 5, 2018 CPE Credit: 4 AA Course Number: NFP420 Location: Stetson University College of Law Instructor: Robert P. Bedwell Early Bird Price: $150 Regular Price: $205

Not-for-Profit Annual Update (4 hour) Simulcast Date: December 5, 2018 CPE Credit: 4 AA Course Number: NFP420WS Location: Online Instructor: Robert P. Bedwell Early Bird Price: $150 Regular Price: $205

AICPA Peer Review Program Advanced Course Date: January 9, 2019 CPE Credit: 8 AA Course Number: APRU19 Location: TBD Instructor: Paul N. Brown Early Bird Price: $295 Regular Price: $350

ETHICS Ethics: Protecting the Integrity of Florida CPAs (4980)

Comprehensive Accounting Issues of Estates and Trusts: Fiduciary Accounting and Tax Issues

Date: December 10, 2018 CPE Credit: 8 AA Course Number: FACT20 Location: Stetson University College of Law Instructor: Scott Emerson Early Bird Price: $295 Regular Price: $350

Date: December 5, 2018 CPE Credit: 4 ETH Course Number: ETH65 Location: Stetson University College of Law Instructor: Robert P. Bedwell Early Bird Price: $99 Regular Price: $154

Ethics: Protecting the Integrity of Florida CPAs (4980) Simulcast Date: December 5, 2018 CPE Credit: 4 ETH Course Number: ETH65WS Location: Online Instructor: Robert P. Bedwell Early Bird Price: $99 Regular Price: $154

August 2- 4, 2018 Disney BoardWalk Inn Orlando | CPE: Up to 20 At FICPA’s Summer Vacation Cluster, experience cutting-edge CPE training in a resort setting. Attendees will interact with and learn from leading industry experts as they enjoy a relaxing weekend away.

UNWIND WITH Simulcast CPE = Live Conference

|

= Seminar Days |

FICPA.ORG/SVC = Value Priced Seminars

= Take Two! |

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG

45

IN-PERSON CPE

TAX Details of the Tax Cuts and Jobs Act and Impact to your Clients

Date: November 14, 2018 CPE Credit: 8 TB Course Number: TCJA30 Location: Stetson University College of Law Instructor: Randy Newton Early Bird Price: $295 Regular Price: $350

Details of the Tax Cuts and Jobs Act and Impact to your Clients Simulcast Date: November 14, 2018 CPE Credit: 8 TB Course Number: TCJA30WS Location: Online Instructor: Randy Newton Early Bird Price: $295 Regular Price: $350

Foreign Investment in the United States: Tax and Related Matters

Date: December 6, 2018 CPE Credit: 8 TB Course Number: FIRP10 Location: Stetson University College of Law Instructor: Jose L. Nunez, Michael Rosenberg, Leslie A. Share Early Bird Price: $295 Regular Price: $350

Foreign Investment in the United States: Tax and Related Matters Simulcast Date: December 6, 2018 CPE Credit: 8 TB Course Number: FIRP10WS Location: Online Instructor: Jose L. Nunez, Michael Rosenberg, Leslie A. Share Early Bird Price: $295 Regular Price: $350

Estate and Gift Taxation of Nonresident Aliens in the United States

Date: December 7, 2018 CPE Credit: 8 TB Course Number: EGTNR10 Location: Stetson University College of Law Instructor: Jose L. Nunez, Michael Rosenberg, Leslie A. Share Early Bird Price: $295 Regular Price: $350

Tax Issues of the Homebuilder (2 hour) Simulcast Date: December 7, 2018 CPE Credit: 8 TB Course Number: EGTNRWS Location: Online Instructor: Jose L. Nunez, Michael Rosenberg, Leslie A. Share Early Bird Price: $295 Regular Price: $350

Best S Corporation, Limited Liability and Partnership Update

Date: December 17, 2018 CPE Credit: 8 TB Course Number: BCPE20 Location: Stetson University College of Law Instructor: Deborah Phillips Early Bird Price: $205 Regular Price: $260

Best Individual Income Tax Update

Date: December 18, 2018 CPE Credit: 8 TB Course Number: BITU10 Location: Stetson University College of Law Instructor: Deborah Phillips Early Bird Price: $205 Regular Price: $260

CONFERENCES University of South Florida Accounting Conference Date: Oct. 25-26, 2018 CPE Credit: Up to 16 CPE Hours Course Number: USFAC Location: TBD Early Bird Price: $440 Member ~ $690 Nonmember Regular Price: $495 Member ~ $745 Nonmember

= Live Conference Simulcast | 46

= Seminar Days |

OF COURSE! | JULY 1, 2018 - JANUARY 31, 2019

WEST PALM BEACH ACCOUNTING AND AUDITING New! ASU No. 2016-14 In Just Four Hours

Date: October 16, 2018 CPE Credit: 4 AA Course Number: ASU400 Location: Holiday Inn W. Palm Beach Airport Hotel Instructor: Robert P. Bedwell Early Bird Price: $150 Regular Price: $205

New! The 2018 Yellow Book Revision

Date: October 16, 2018 CPE Credit: 4 AA Course Number: QUA400 Location: Holiday Inn W. Palm Beach Airport Hotel Instructor: Robert P. Bedwell Early Bird Price: $150 Regular Price: $205

TAX Florida Sales and Use Tax Issues Date: November 8, 2018 CPE Credit: 8 TB Course Number: SUT30 Location: Holiday Inn W. Palm Beach Airport Hotel Instructor: Joseph C. Moffa Early Bird Price: $295 Regular Price: $350

Surgent's Federal Tax Camp

Date: November 9, 2018 CPE Credit: 8 TB Course Number: SATC00 Location: Holiday Inn W. Palm Beach Airport Hotel Instructor: Deborah Phillips Early Bird Price: $295 Regular Price: $350

= Take Two! |

= Value Priced Seminars

IN-PERSON CPE

VALUE-PRICED CPE

Quality Courses for Cost-conscious Professionals

It's all in the name — courses from our Value-Priced CPE are available at the low cost of $205. These streamlined, high-quality seminars enable you to gain essential knowledge and skills from our best instructors at a price that keeps money in your pocket. Join us at a location near you for quality CPE.

Accounting and Auditing Update 2018 Date Nov 12 Dec 12 Dec 14

Credit Code 8 AA AAUD10 8 AA AAUD20 8 AA AAUD30

Location Tampa Ft. Lauderdale Miami

Annual Accounting and Auditing Update Date Nov 30

Credit Code 8 AA AAUA10

Location Boca Raton

Credit Code 8 TB BFTU00

Date Dec 14 Dec 18

Credit Code 8 TB BITU00 8 TB BITU10

Credit Code 8 TB BCPE00 8 TB BCPE10 8 TB BCPE20

Location Miami Ft. Lauderdale Tampa

Compilation and Review: Issues and Updates Credit Code 8AA COMP20

Location Tampa

Governmental and Not-for-Profit Annual Update

Location Boca Raton

Best Individual Income Tax Update

Date Dec 12 Dec 13 Dec 17 Date Nov 13

Best Federal Tax Update Course Date Nov 29

Best S Corporation, Limited Liability and Partnership Update

Location Ft. Lauderdale Tampa

Date Oct 18

Credit Code 8AA GNAU00

Location Ft. Lauderdale

Register online at ficpa.org/valuepriced or by calling (800) 342-3197. Visit ficpa.org/valuepriced to review our extensive online CPE catalog.

UPCOMING

SEMINAR DAYS Essential Courses. Multiple Topics. Convenient Location. Low Price.

Seminar Days are designed to meet the needs of your busy schedule, offering timely CPE courses, a variety of topics and great networking opportunities — all in your area.

Select seminars will be available via simulcast.

Boca Raton

November 26 – 30, 2018 6 Courses, 40 CPE Credits

Coral Gables

December 3 – 5, 2018 4 Courses, 24 CPE Credits

Ft. Lauderdale

December 10 – 14, 2018 6 Courses, 30 CPE Credits

Miami

December 10 – 14, 2018 6 Courses, 30 CPE Credits

Tampa

November 12 – 16, 2018 5 Courses, 30 CPE Credits December 3 – 7, 2018 7 Courses, 30 CPE Credits

For course summaries and to view all of our upcoming CPE programs, visit the online catalog at ficpa.org/cpe.

Take advantage of our Early Bird Prices — register more than 30 days in advance and save $55.

Members of the FICPA save an additional $125 on full days of instruction and $65 on half-days.

Join the FICPA now at ficpa.org/JoinUs To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG

47

THE POWER OF LIGHT

ETHICS CPE

Prepare yourself to face the complex, challenging and evolving ethical issues of today and tomorrow.

The FICPA’s ethic courses, specialized for CPAs working in business, industry and government, build the trust that your clients, employers, colleagues and the public deserve while protecting your hard-earned license.

FICPA ethic courses comply with the ethics requirements for Florida CPAs established by the Florida Board of Accountancy.

IN-PERSON ETHICS Ethics: Protecting the Integrity of Florida CPAs (ETH) – 4980 Date

City

Credit Code

Member Price

Oct 24 Ft. Myers

4 ETH

ETHFGC

$99

Dec 3

Coral Gables

4 ETH

ETH60

$99

Dec 5

Tampa

4 ETH

ETH65

$99

Dec 12

Ft. Lauderdale

4 ETH

ETH70

$99

Dec 13

Miami

4 ETH

ETH75

$99

Governmental Ethics: Protecting the Integrity of Florida CPAs (ETHG) – 6957 Date

City

Credit

Code

Member Price

Aug 15

Orlando

4 ETH

ETHSLGAC

$99

ONLINE ETHICS Ethics: Protecting the Integrity of Florida CPAs (ETH) – 4980 Date

Start Time Credit Code

Type

Member Price

Nov 12

1:00 p.m.

4 ETH

ETHWBR07

Webcast Replay

$85

Dec 5

8:30 a.m.

4 ETH

ETH65WS

Seminar Simulcast

$99

Dec 14

8:30 a.m.

4 ETH

ETHWBR08

Webcast Replay

$85

Dec 28

8:30 a.m.

4 ETH

ETHWBR09

Webcast Replay

$85

Jan 17

8:30 a.m.

4 ETH

ETHWBR10

Webcast Replay

$85

FICPA.ORG/ETHICS

CONNECTING FOR LEARNING August 16-17, 2018 | Orlando and Simulcast

| CPE: Up to 16

CPAs in state and local governments face a unique and rapidly-changing set of challenges. FICPA’s State & Local Government Accounting Conference provides training (in-person or via online simulcast) to help them navigate the ethical and practical demands of public service. Attendees will also have the chance to network with other CPAs and professionals in the field.

This conference may count for Yellow Book credit; however, attendees must make their own application.

ficpa.org/SLGAC 48

OF COURSE! | JULY 1, 2018 - JANUARY 31, 2019

ONLINE CPE

ACCOUNTING

EVENT NAME

COURSE CODE

PRICE

4 AA

4183562A

$120

2 AA

4183358A

$60

2 AA

4183361A

$60

DATE

START TIME

CREDIT

Digital Currency Revolutions: How Bitcoin and Cryptocurrencies are Changing Commerce

7/30/18

11:30AM

Accounting Industry Update: FASB Hot Topics & Financial Presentation

8/3/18

1:30 PM

Accounting Industry Update: Quality, 6 Point Plan, PCAOB Impact

8/3/18

5:10 PM

Accounting Industry Update: Revenue Under ASC 606

8/3/18

2:30 PM

1 AA

4183359A

$30

Accounting for Cryptocurrency Mining Companies

8/15/18

11:30AM

4 AA

4183642B

$120

Compilations and Reviews: Risks, Procedures and Fraud

8/16/18

11:30AM

8 AA

4182774B

$245

The Accountant’s Role in Mergers and Acquisitions

8/16/18

11:30AM

8 AA

4183281B

$245

Financial Performance Reporting

8/23/18

11:30AM

8 AA

4182042B

$245

Spotlight on Valuing a Business

8/24/18

2 PM

2 AA

4183293A

$60

Construction Contractors: Accounting and Financial Reporting Issues (CST4)

9/7/18

1 PM

4 AA

SU0543

$139

Lease Accounting: The Impact of Changing Standards on Both Lessors and Lessees (AALL)

9/13/18

1 PM

2 AA

SU0567

$89

Guide to the New Revenue Recognition Model for All CPAs (REV4)

9/22/18

1 PM

4 AA

SU0613

$139

Industry Accountant Toolkit (IATK)

9/24/18

9 AM

8 AA

SU0618

$239

More Than Meets the Eye: Examining the New Lease Accounting Standard (NLS4)

9/25/18

9 AM

4 AA

SU0622

$139

Private Company Accounting: New Challenges, New Directions

9/26/18

11:30AM

8 AA

4182905B

$245

Accounting and Auditing Update

9/27/18

11:30AM

8 AA

4181010D

$245

Communicating Financial Information to Non-Accountants

9/28/18

9 AM

2 AA

ACCFIN18

$79

Not-For-Profit Organizations: Treasury Utilizing QuickBooks

9/28/18

9:30 AM

8 AA

4183120B

$245

Navigating U.S. Government Contracts: Cost Accounting, Compliance & DCAA

9/21/18

9 AM

8 AA

ACNUGC12

$195

The Essential Course for Preparing Not-for-Profit Financial Statements Under ASU No. 2016-14 (ENFP)

9/21/18

9 AM

8 AA

SU0608

$239

The Yellow Book: From Beginning to End

9/21/18

10AM

8 AA

ACTYB12

$195

Latest Developments in Government and Nonprofit Accounting and Auditing (GNAA)

9/24/18

9 AM

8 AA

SU0616

$259

Practical Solutions for Federal Grants Compliance: A Comprehensive Look at the New Uniform Guidance

9/24/18

9 AM

8 AA

ACPSFG12

$195

EVENT NAME

DATE

START TIME

CREDIT

COURSE CODE

PRICE

From Discovery to Trial: Working a Fraud Case

7/27/18

11:30AM

8 AA

4183440B

$245

Audit Skills Training: Level 2 - Staff Accountant- Consecutive 2-Day Course (2AUD)

8/2/18

9 AM

8 AA

SU0399

$239

Audit Skills Training: Level 1 - New Auditors- Consecutive 2-Day Course (1AUD)

8/22/18

9 AM

6 AA; 2 TB

SU0476

$239

Common Frauds and the Internal Controls Designed to Prevent and Detect Them

8/27/18

11:30AM

8 AA

4182788B

$245

Enhancing Audit Quality: Best Practices in Documenting and Reviewing Your Work (SWLD)

8/30/18

9 AM

8 AA

SU0517

$239

Advanced Concepts in SSARS 21 and Nonattest Services: Are You Certain You Are in Compliance? (SS21)

9/8/18

9 AM

8 AA

SU0550

$239

Deception, Embezzlement and Fraud

9/12/18

11:30AM

8 AA

4183032D

$245

School Activity Fund Fraud

9/26/18

10AM

2 AA

ACSAFF12

$79

Audits of 401(k) Plans: New Developments and Critical Issues for an Effective and Efficient Audit (AFPL)

9/28/18

9 AM

8 AA

SU0635

$239

What Does Fraud Look Like

9/29/18

12PM

2 AA

ACWDFL12

$79

Efficient and Effective HUD Audits: Requirements for Multifamily Housing Projects

8/20/18

11:30AM

8 AA

4182771A

$245

Single Audits: A Case Study Approach

8/29/18

11:30AM

8 AA

4182770B

$245

Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit (ANFP)

9/12/18

9 AM

8 AA

SU0560

$239

How to Do a GAAS Audit (GAAS)

9/14/18

9 AM

8 AA

SU0578

$239

ONLINE CPE

AUDITING

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG

49

ONLINE CPE

BEHAVIORAL ETHICS DATE

START TIME

CREDIT

COURSE CODE

PRICE

9/24/18

10AM

2 TB

ACEORM11

$79

Ethics in Social Media

9/25/18

11:30AM

4 BE

4183516B

$120

Pricing Law and Ethics: What Every Company Should Know

9/26/18

10AM

1 TB

ACPLE12

$39

The Ethically Intelligent CPA: Five Principles for Making the Right Decisions Every Time

9/27/18

4 PM

1 TB

ACTEIC18

$39

Cases in Corporate Ethics: Discuss Real Life Conflicts

9/28/18

11AM

4 TB

ACCCE18

$129

Resolving Ethical Conflicts: Do the Right Thing and Keep Your Job

9/29/18

10AM

2 TB

ACREC17

$79

DATE

START TIME

CREDIT

COURSE CODE

PRICE

8/20/18

10AM

2 TB

SU0469

$89

EVENT NAME Ethics of Risk Management

ONLINE CPE

BUSINESS LAW

EVENT NAME What Employers Need to Know About Sexual Harassment in the Workplace (SEHA)

ONLINE CPE

BUSINESS MANAGEMENT & ORGANIZATION

EVENT NAME Adding Personal Financial Planning Services to Your CPA Practice

DATE

START TIME

CREDIT

COURSE CODE

PRICE

8/8/18

1:30 PM

2 TB

4183178A

$60

8/24/18

1 PM

2 TB

SU0489

$89

The Post-Professional Society

9/7/18

11:30AM

4 BE

4183561B

$120

Create a Terrific Equity Compensation Plan: Avoid the Pitfalls!

9/14/18

12PM

2 TB

ACCATE06

$79

Pricing Strategies: Find the Right Fit for Your Products

9/14/18

8 AM

1 TB

ACPS06

$39

Raising Financing: For Start-ups, Nonprofits and Businesses with Revenue Less Than $10 Million

9/17/18

10AM

2 TB

ACRF12

$79

Key Current Financial and Economic Issues Facing the Financial Executive (KFFE)

9/21/18

9 AM

8 TB

SU0609

$239

Generations at Work: Finding Common Ground

9/22/18

10AM

2 TB

ACGAW12

$79

Introvert Power, Why Quiet Leaders are So Successful

9/22/18

11AM

2 TB

ACIPWQ12

$79

Skillful Negotiations: Get the Most from Your Banker, Customers, Vendors and Boss

9/25/18

9 AM

3 TB

ACSN12

$99

Replacing the Annual Performance Appraisal Ritual

9/26/18

11:30AM

4 BE

4183146B

$120

Controllership Skills Update: M&A and Alliances (CON4)

ONLINE CPE

COMMUNICATIONS & MARKETING

EVENT NAME

DATE

START TIME

CREDIT

COURSE CODE

PRICE

Negotiation Skill Building

8/23/18

11AM

2 BE

4183414B

$60

Marketing Mastery: Achieve Results Without Breaking the Bank (MMBC)

9/4/18

3 PM

2 BE

SU0527

$89

Business Writing Series: 10 Principles of Effective Email

9/12/18

2 PM

2 BE

4183289B

$60

New Manager Series: Are You Managing or Leading

9/24/18

2 PM

2 BE

4183279A

$60

Communications Success: Make Your Message Stick

9/27/18

2 PM

2 BE

ACCS12

$79

50

OF COURSE! | JULY 1, 2018 - JANUARY 31, 2019

ONLINE CPE

COMPUTER SOFTWARE & APPLICATIONS DATE

START TIME

CREDIT

COURSE CODE

PRICE

Data Visualization with Excel

7/27/18

11:30AM

2 TB

4183134A

$60

QuickBooks: Bank Feeds Saves Hours of Data Entry and Reconciliations (QBBK)

8/15/18

4 PM

2 TB

SU0453

$89

QuickBooks: Customizing Reports to Meet Your Needs (QBCR)

8/29/18

4 PM

2 TB

SU0504

$89

2018 QuickBooks Desktop Software: Save Time and Improve Reporting with New Features (QBXX)

9/12/18

7 PM

2 TB

SU0565

$89

QuickBooks Online Accountant (QBOA)

9/12/18

4 PM

2 TB

SU0564

$89

Excel Formula Building Overview

9/13/18

11:30AM

4 TB

4183584B

$120

Microsoft Office Overview: Helpful Knowledge About Excel, Word, Outlook and PowerPoint

9/14/18

11:30AM

8 TB

4183590C

$245

Adobe Acrobat DC - Big Changes for PDFs

9/17/18

1 PM

2 TB

ACAADB12

$79

Excel PivotTables - Part I

9/17/18

1 PM

2 AA; 2 TB

ACEPPI23

$129

Microsoft Word Tips & Tricks

9/17/18

11AM

2 TB

ACMWTT12

$79

Excel PivotTables - Part II

9/21/18

2 PM

2 AA; 2 TB

ACEPPI24

$129

Do-It-Yourself Business Intelligence with Microsoft’s Power BI Tools

9/22/18

2 PM

2 AA; 2 TB

ACDBIW12

$129

Excel Tips & Tools for Better Budgets & Forecasts

9/22/18

4 PM

2 TB

ACETTB12

$79

EVENT NAME

DATE

START TIME

CREDIT

COURSE CODE

PRICE

Spotlight on Strategic Cash Management

7/27/18

2 PM

2 TB

4183296A

$60

Controller/CFO Update: Hot Topics Facing Today’s Financial Professional (TCF4)

9/4/18

9 AM

4 TB

SU0529

$139

Raising Financing: Established Businesses with Revenue over $10 Million

9/14/18

11AM

2 TB

ACRF11

$79

CFO/Controller’s Roadmap to Organization Success With Integrated Planning, Forecasting, and Budgeting (PLF4)

9/17/18

9 AM

4 TB

SU0585

$139

Corporate Finance Checkup: Renovate Your Analytical Toolbox

9/24/18

11:30AM

8 TB

4182558B

$245

EVENT NAME

ONLINE CPE

FINANCE

ROLL-UP-YOUR-SLEEVES CPE OCTOBER 19, 2018 | ORLANDO | CPE: UP TO 11 The Construction Industry Conference equips CPAs and finance professionals in the construction sector to operate more strategically. The event is specifically tuned in to Florida’s market dynamics and new regulations, covering a wide range of topics all designed to help you succeed in this complex and rapidly changing industry.

ficpa.org/CIC To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG

51

ONLINE CPE

INFORMATION TECHNOLOGY DATE

START TIME

CREDIT

COURSE CODE

PRICE

Cloud Clash: On the Front Lines of Cybercrime and Identity Theft (CBIT)

7/9/18

10AM

2 TB

SU0305

$89

Ransom, Cyber-Spying, and Subterfuge: Securing Your Data and Keeping the Bad Guys Out (SEDA)

8/6/18

1 PM

2 TB

SU0417

$89

Blockchain and Digital Currency: The Next Frontier in Digital Transformation

8/14/18

2 PM

1 TB

4183494A

$30

Make Your Information Systems Work for You

9/17/18

9 AM

2 TB

ACMYIS06

$79

EVENT NAME

ONLINE CPE

MANAGEMENT SERVICES

EVENT NAME

DATE

START TIME

CREDIT

COURSE CODE

PRICE

Risk Management Series: Recognizing the Risks on the Liability Side of the Balance Sheet (RSK4)

7/26/18

1 PM

4 TB

SU0383

$139

Risk Management Series: Managing Sales and Income to Reduce Risk (RSK5)

8/7/18

1 PM

4 TB

SU0421

$139

Risk Management Series: The Hidden Risks on the Asset Side of the Balance Sheet (RSK3)

9/11/18

1 PM

4 TB

SU0558

$139

Enterprise Risk Management for Small and Medium-sized Businesses: Current Perspectives

9/21/18

2 PM

4 TB

ACERMS12

$129

Strategic Planning For Small and Medium-Sized Businesses: Moving from Ideas to Action

9/21/18

10AM

4 TB

ACSPSM12

$129

DATE

START TIME

CREDIT

COURSE CODE

PRICE

8/23/18

11AM

1 TB

ACTHCO05

$39

ONLINE CPE

PERSONNEL/HR

EVENT NAME The High Cost of Turnover, and What to Do About It

ONLINE CPE

SPECIALIZED KNOWLEDGE

EVENT NAME

DATE

START TIME

CREDIT

COURSE CODE

PRICE

Business Succession Planning and Exit Strategies

7/25/18

11:30AM

8 TB

4181450B

$245

Trusts as Retirement Plan Beneficiaries

7/31/18

4 PM

1 TB

4183496A

$30

Personal Financial Planning Update: General Financial Planning

8/6/18

11:30AM

2 TB

4183176A

$60

Personal Financial Planning Update: Income Tax, Retirement and Estate

8/7/18

1:30 PM

2 TB

4183175A

$60

Social Security Basics and Strategies For Maximizing Benefits

8/14/18

11:30AM

8 TB

4182922B

$245

College Financial Planning: Graduate School

8/30/18

2 PM

2 TB

4183000B

$60

Start-up and Small Business Financial Statements: Issues and Fraud

8/30/18

11:30AM

4 TB

4183484B

$120

College Financial Planning: Financial Aid Process

9/27/18

3:30 PM

2 TB

4182998B

$60

COMPLIMENTARY CPE FOR MEMBERS

The amount of money you save with complimentary CPE f rom FICPA is greater than the cost of your membership.

Members are eligible for 30 complimentary CPE credits every year.

UPCOMING 2018 COURSES: Choosing a Data Hosting Platform

Sales & Use Tax: Boats

July 25, 2018 | 11:00 AM - 12:00 PM | Code: WEBNAR15

Sept. 18, 2018 | 11:00 AM - 12:00 PM | Code: WEBNAR25

Sales & Use Tax: Cars

Unrelated Business Activities Update

Aug. 28, 2018 | 11:00 AM - 12:00 PM | Code: WEBNAR21

Sept. 20, 2018 | 11:00 AM - 12:00 PM | Code: WEBNAR26

FICPA.ORG/FREECPE 52

OF COURSE! | JULY 1, 2018 - JANUARY 31, 2019

ONLINE CPE

TAXES

EVENT NAME

DATE

START TIME

CREDIT

COURSE CODE

PRICE

Partnership Changes Created by Tax Reform (PACH)

9/5/18

1 PM

2 TB

SU0532

$89

IRS Tax Examinations and Hot Issues (EXI4)

9/6/18

1:30 PM

4 TB

SU0538

$139

Federal Income Taxation of Marijuana Businesses

9/7/18

2 PM

2 TB

4182994A

$60

Fundamentals of Public Charity Taxation and Form 990 (F994)

9/11/18

1 PM

4 TB

SU0556

$139

Guide to Payroll Taxes and 1099 Issues (GPT4)

9/11/18

1:30 PM

4 TB

SU0557

$139

Real Estate Taxation: Critical Considerations (RET4)

9/14/18

1:30 PM

4 TB

SU0579

$139

Understanding the Foreign Account Tax Compliance Act (FOR1)

9/14/18

10AM

2 TB

SU0576

$89

Tax Forms Boot Camp: LLCs and Partnerships (TBCL)

9/17/18

9 AM

8 TB

SU0587

$239

Tax Treatment of Alimony Payments After the New Tax Law (ALIP)

9/18/18

1 PM

2 TB

SU0590

$89

Top 10 Celebrity Estate Mistakes and How to Avoid Them (TTCE)

9/18/18

1 PM

2 TB

SU0592

$89

The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent (BCPE)

9/20/18

9 AM

8 TB

SU0600

$259

Handbook for Mastering Basis, Distributions, and Loss Limitation Issues for S Corporations, LLCs, and Partnerships (HMBI)

9/24/18

11:30AM

8 TB

SU0617

$239

Small Business Guide to the Use of Accounting Methods After Tax Reform (AMET)

9/24/18

1 PM

2 TB

SU0614

$89

The Best Individual Income Tax Update Course by Surgent (BITU)

9/24/18

9 AM

8 TB

SU0615

$259

Fiduciary Income Tax Returns -- Form 1041 Workshop with Filled-in Forms (1041)

9/27/18

9 AM

8 TB

SU0629

$239

Advanced Technical Tax Forms Training - LLCs, S Corporations, and Partnerships (ATFB)

9/28/18

9 AM

8 TB

SU0636

$239

Multistate Taxation of Flow-Through Entities

9/28/18

9:30 AM

8 TB

4183005C

$245

The Best Federal Tax Update Course by Surgent (BFTU)

9/29/18

9 AM

8 TB

SU0639

$259

October 25-26, 2018 | Ft. Myers | CPE: Up to 16 EMBASSY SUITES BY HILTON FORT MYERS ESTERO

The Florida Gulf Coast University Accounting & Tax Conference brings the experts to Ft. Myers to explore the latest trends, topics and challenges facing CPAs today. Discover how these key issues affect the profession broadly and in the FGCU community. Attendees will hear from leaders in the profession on topics ranging from: Cyber Security, Peer Review, Review Financial Statements, New Partnership Audit Rules, Not for Profit A&A Update, FASB Update to include REVRECON, and much more.

ficpa.org/FGCUAC To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG

53

OnDEMAND CPE

ACCOUNTING CREDIT

COURSE CODE

PRICE

Accounting for Pensions and Compensated Absences (18-1)

4 AA

GOL-0880

$48

Accounting Standards and SEC Reporting (18-1)

4 AA

GOL-0835

$48

Advanced Income Tax Accounting

10 TB

AI17-TSE4-AITA

$169

Exchange and Agency Transactions

1 AA

AI17-NFP1A-EAT

$29

Fair Value Issues Specific to NFPs

2 AA

AI17-NFP1A-FVI

$59

Forensic Accounting: A Fraud Emphasis

4 AA

GOL-FAFE

$48

GAAP for NFPs

1 AA

AI17-NFP1A-GAAP

$29

Income Tax Accounting

11 AA

AI17-TSE3-ITA

$199

Surgent’s Annual Accounting Update (ACU4)

4 AA

SU18-ACU4-SSDL

$65

Surgent’s Challenges in Implementing Topic 606 for Entities with Long-Term Construction Projects (LTC4)

4 AA

SU18-LTC4-SSDL

$65

Surgent’s Construction Contractors: Accounting and Financial Reporting Issues (CST4)

4 AA

SU18-CST4-SSDL

$65

Surgent’s FASB Update for Small and Medium-Sized Businesses: A Practical Implementation Guide (FAUR)

8 AA

SU18-FAUR-SSDL

$125

EVENT NAME

Surgent’s FASB Update: New and Recent Accounting Standards Updates (FUPD)

2 AA

SU18-FUPD-SSDL

$39

Surgent’s More Than Meets the Eye: Examining the New Lease Accounting Standard (NLS4)

4 AA

SU18-NLS4-SSWC

$89

Applying the COSO ERM Framework

2 AA

AI17-NFP2G-ERMF

$69

Surgent’s Latest Developments in Governmental Accounting and Auditing (GVAA)

8 AA

SU18-GVAA-SSDL

$125

Surgent’s Latest Developments in Nonprofit Accounting and Auditing (NPAA)

8 AA

SU18-NPAA-SSWC

$155

CREDIT

COURSE CODE

PRICE

Audits of 401(k) Plans

12 AA;

AI17-A401KP

$159

Fraud Considerations in a GAAS Audit

1.5 AA

AI17-ANSPA-FCGA

$89

OnDEMAND CPE

AUDIT

EVENT NAME

Fraud in Small to Mediums Sized Entities

5 AA

AI17-FSMSE

$79

Planning the Audit Engagement

1.5 AA

AI17-NFP1G-PAE

$49

Surgent’s Advanced Concepts in SSARS 21 and Nonattest Services: Are You Certain You Are in Compliance? (SS21)

8 AA

SU18-SS21-SSWC

$155

Surgent’s Assessing Risk for a Higher Quality Audit (Audit Skills Training - Level 4) (A4M3)

3 AA

SU18-A4M3-SSWC

$54

Surgent’s Avoiding Audit Documentation and Engagement Wrap-Up Deficiencies (ADED)

2 AA

SU18-ADED-SSDL

$39

Surgent’s How to Do a GAAS Audit (GAAS)

8 AA

SU18-GAAS-SSWC

$155

Surgent’s Special Audit Engagements Requiring Contractual or Regulatory Reporting (Audit Skills Training - Level 5) (A5M7)

3 AA

SU18-A5M7-SSWC

$54

Risk Assessment for NFP

1 AA

AI17-NFP2G-RA

$49

Surgent’s Fraud and Abuse in Not-for-Profit Entities and Governments: Stealing from Everyone (FANG)

8 AA

SU18-FANG-SSWC

$155

Surgent’s Latest Developments in Government and Nonprofit Auditing (GAU4)

4 AA

SU18-GAU4-SSDL

$65

Surgent’s The Essential Course for Performing Single Audits Under the Uniform Guidance for Federal Awards (UGID)

8 AA

SU18-UGID-SSWC

$155

54

OF COURSE! | JULY 1, 2018 - JANUARY 31, 2019

OnDEMAND CPE

BUSINESS LAW CREDIT

COURSE CODE

PRICE

Corporations: Nature, Formation, and Financing (9-1)

4 TB

GOL-0884

$48

Landlord and Tenant (9-1)

2 TB

GOL-0863

$24

Limited Liability Companies (9-1)

2 TB

GOL-0868

$24

MBAexpress: Basics of Business Law

1 TB

MBABBL

$45

Surgent’s From Hiring to Firing and Everything In Between: Health Care, Retirement, and Fringe Benefit Tax Issues (HCR4)

4 TB

SU18-HCR4-SSDL

$65

Surgent’s From Hiring to Firing and Everything In Between: Legal and Payroll Tax Issues (HFE4)

4 TB

SU18-HFE4-SSDL

$65

Surgent’s From Hiring to Firing and Everything In Between: Legal, Tax, and Health Care Issues (HTOF)

8 TB

SU18-HTOF-SSDL

$125

EVENT NAME

OnDEMAND CPE

BUSINESS MGMT. & ORGANIZATION CREDIT

COURSE CODE

PRICE

Activity-Based Management

3 TB

AI17-CFCA-ABM

$59

Alternative Costing Methods I

1.5 TB

AI17-CFCA-ACM1

$39

1 TB

AI17-NFP1G-BPBG

$29

Corporate Governance

1.5 TB

AI17-CSRC-CG

$39

Financial Oversight, Budget and Strategy

3 TB

AI17-NFP1G-FOBS

$79

Forecasting Techniques

3 TB

AI17-CFFD-FT

$59

Information Strategy

2 TB

AI17-CSRE-IS

$39

Internal Control

1.5 TB

AI17-CSRE-IC

$39

Investment Appraisal Techniques I

EVENT NAME

Best Practices in Board Governance

2.5 TB

AI17-CFFD-IAT1

$49

Management Control Systems

2 TB

AI17-CSRE-MCS

$39

MBAexpress: Essence of Entrepreneurship

1 TB

MBAEOE

$45

MBAexpress: International Business

1 TB

MBAIB

$45

Performance Measurement Techniques

1.5 TB

AI17-CSSI-PMT

$39

Pricing Strategy

4.5 TB

AI17-CFFD-PS

$69

The Process of Strategy Formulation

1 TB

AI17-CSSD-PSF

$39

Transfer Pricing

3 TB

AI17-CFFD-TP

$59

3.5 TB

AI17-CFFD-VA1

$59

Variance Analysis I

OnDEMAND CPE

COMMUNICATIONS & MARKETING CREDIT

COURSE CODE

PRICE

MBAexpress: Masterful Marketing

1 TB

MBAMM

$45

MBAexpress: Nuances of Negotiating

1 BE

MBANON

$45

MBAexpress: Powerful Presentation Skills

1 BE

MBAPSPS

$45

MBAexpress: Presenting Numbers for Impact

1 TB

MBAPNFI

$45

EVENT NAME

OnDEMAND CPE

COMPUTER SOFTWARE & APPLICATIONS CREDIT

COURSE CODE

PRICE

Surgent’s Microsoft Excel 2016: Useful Functions for CPAs (UF16)

4 TB

SU18-UF16-SSDL

$65

Surgent’s Microsoft Excel 2016: Working with PivotTables and PivotCharts (PV16)

4 TB

SU18-PV16-SSDL

$65

Surgent’s Microsoft PowerPoint 2016: Getting Started (PP16)

6 TB

SU18-PP16-SSDL

$95

EVENT NAME

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG

55

OnDEMAND CPE

FINANCE CREDIT

COURSE CODE

PRICE

8 TB

AI17-AUC

$129

Financial and Strategic Implications of Mergers and Acquisititons

2.5 TB

AI17-CSCM-FSIMA

$39

Financial Performance Analysis and Measurement

1.5 TB

AI17-CSCT-FPAM

$39

Firm’s Cost of Capital and Short-Term Financing (18-1)

4 TB

GOL-0889

$48

EVENT NAME Annual Update for Controllers

Hedge Accounting

1 AA

AI17-CSCT-HA

$39

Integrated Reporting

1.5 TB

AI17-CSCT-IR

$39

Methods of Business Valuations

1.5 TB

AI17-CSCM-MBV

$39

Surgent’s CFO/Controller’s Roadmap to Organization Success With Integrated Planning, Forecasting, and Budgeting (PLFB)

8 TB

SU18-PLFB-SSDL

$125

Surgent’s Controller/CFO Update: Hot Topics Facing Today’s Financial Professional (TCF4)

4 TB

SU18-TCF4-SSWC

$89

CREDIT

COURSE CODE

PRICE

OnDEMAND CPE

MANAGEMENT SERVICES

EVENT NAME MBAexpress: Business Process Improvement

1 TB

MBABPI

$45

MBAexpress: Ferreting Out Fraud

1 AA

MBAFOF

$45

MBAexpress: Project Management

1 TB

MBAPM

$45

MBAexpress: Risk Management

1 TB

MBARM

$45

CREDIT

COURSE CODE

PRICE

4 ET

ETHOL18

$75

OnDEMAND CPE

REGULATORY ETHICS

EVENT NAME Ethics: Protecting the Integrity of Florida CPAs (2018-19) (0012397)

OCTOBER 25-26, 2018 Tampa | CPE: Up to 16 NEW LOCATION! The Barrymore Hotel Tampa Riverwalk FICPA’s University of South Florida Accounting Conference presents a wide range of practical, informative training in a local setting convenient for you.

Attendees will have the opportunity to join other Central Florida CPAs as they hear from industry experts and explore issues relevant to them.

FICPA.ORG/USFAC 56

OF COURSE! | JULY 1, 2018 - JANUARY 31, 2019

OnDEMAND CPE

TAXES CREDIT

COURSE CODE

PRICE

Advanced Mergers, Acquisitions, and Sales of Closely-Held Businesses

9.5 TB

AI17-AMASCHB

$129

AICPA’s Annual Federal Tax Update

EVENT NAME

14.5 TB

AI17-AFTU

$169

Annual Tax Update: Corporations & Pass Through Entities

11 TB

AI17-ATUCPTE

$159

Annual Tax Update: Individuals and Sole Proprietors

10 TB

AI17-ATUISP

$139

Getting to the Heart of Tax Reform: Individual Tax and Estate Planning Strategies

5 TB

AI17-CL4TRIND

$89

International Taxation

10.5 TB

AI17-TSE4-IT

$169

Introduction to Business Acquisitions

9.5 TB

AI17-TSE3-IBA

$159

6 TB

AI17-TSE4-IRSA

$119

IRS Audits Lessons for the Tax Preparer (2018)

3 TB

GOL-0888

$36

Maintaining Tax Exemption

1.5 TB

AI17-NFP2T-MTE

$59

Multistate Taxation

7 TB

AI17-TSE2-MT

$139

Private Foundations

1 TB

AI17-NFP1T-PF

$29

Real Estate Taxation

6 TB

AI17-TSE3-RET

$119

Self-Employed Payroll Hotspots: S Corporation and LLC Compensation (2017)

1 TB

GOL-0846

$12

Surgent’s Advanced Critical Tax Issues for Limited Liability Companies and Partnerships (ACTL)

10 TB

SU18-ACTL-SSDL

$150

Surgent’s Advanced Critical Tax Issues for S Corporations (ACTS)

10 TB

SU18-ACTS-SSDL

$150

Surgent’s Advanced Individual Income Tax Return Issues (STRI)

8 TB

SU18-STRI-SSWC

$155

Surgent’s Advisor’s Workshop: Helping Small-Business Clients Navigate Health Insurance and Fringe Benefits (OBCR)

8 TB

SU18-OBCR-SSDL

$125

Surgent’s Best Federal Tax Update Course (BFTU)

8 TB

SU18-BFTU-SSWC

$155

Surgent’s Best Income Tax, Estate Tax, and Financial-Planning Ideas (IEFP)

8 TB

SU18-IEFP-SSWC

$155

Surgent’s Best Individual Income Tax Update Course (BITU)

8 TB

SU18-BITU-SSWC

$155

Surgent’s Best S Corporation, Limited Liability, and Partnership Update Course (BCPE)

8 TB

SU18-BCPE-SSWC

$155

Surgent’s Comparing and Contrasting Retirement Plans for Small- and Medium-Sized Businesses (CCSM)

2 TB

SU18-CCSM-SSWC

$49

Surgent’s Complete Guide to Liquidation of Business Entities (CGLB)

12 TB

SU18-CGLB-SSDL

$175

Surgent’s Complete Trust Workshop (TCTW)

16 TB

SU18-TCTW-SSDL

$225

Surgent’s Employee vs. Independent Contractor: Achieving Success in a Worker Classification Audit (EMIC)

2 TB

SU18-EMIC-SSWC

$49

Surgent’s Introduction to K-1 Issues for Partners and Members in an LLC (K1PM)

2 TB

SU18-K1PM-SSWC

$49

Surgent’s Partnership and LLC Core Tax Issues From Formation Through Liquidation (PLTI)

8 TB

SU18-PLTI-SSDL

$125

Surgent’s Preparing C Corporation Tax Returns for New Staff and Para-Professionals (PCTR)

8 TB

SU18-PCTR-SSWC

$155

Surgent’s Preparing Individual Tax Returns for New Staff and Para-Professionals (PITR)

8 TB

SU18-PITR-SSWC

$155

Surgent’s S Corporation Core Tax Issues From Formation Through Liquidation (SCTI)

8 TB

SU18-SCTI-SSDL

$125

Surgent’s Social Security, Medicare, and Prescription Drug Retirement Benefits: What Every Baby Boomer Needs to Know Now (SSRB)

8 TB

SU18-SSRB-SSWC

$155

Surgent’s Targeted 1040 Forms Update for the Occasional Tax Preparer (CASU)

8 TB

SU18-CASU-SSDL

$125

Surgent’s The Tax Cuts and Jobs Act: A Guide to the Most Sweeping Tax Reform in Over 30 Years (TREF)

4 TB

SU18-TREF-SSDL

$99

Tax Considerations for Divorce

1 TB

GOL-TCD

$12

Tax Reform’s Impact on Corporations and Pass-Through Entities

5.5 TB

AI17-CL4TRBUS

$89

Tax Reform’s Impact on International Business

5.5 TB

AI17-CL4TRINTL

$89

5 TB

AI17-TSE1-TR1

$99

Tax Staff Essentials - Level 1, New Staff

50.5 TB; 5.5 BE

AI17-TSE1-PRGM

$549

Tax Staff Essentials - Level 2, Experienced Staff

51 TB; 1 AA

AI17-TSE2-PRGM

$549

Tax Staff Essentials - Level 3, Tax Senior/Supervisor

45.5 TB; 11 AA

AI17-TSE3-PRGM

$549

Tax Staff Essentials - Level 4, Tax Manager/Director

47 TB; 10 AA

AI17-TSE4-PRGM

$549

Unrelated Business Income Tax (UBIT) Case Studies

2 TB

AI17-NFP2T-UBIT

$69

Tax Research I

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG

57

IN-PERSON CPE COURSE DESCRIPTIONS

2018 ACCOUNTING & BUSINESS SHOW Ft. Lauderdale | September 26- 28, 2018 CPE Credit: Up to 21 CPE Hours Course Number: AS FICPA's Accounting & Business Show immerses CPAs in two and a half days of interactive workshops and seminars on pressing issues. Attendees will hear from experts on international business, taxation, technology, and more, either in-person or via simulcast. Sessions are tailored to make sure CPAs have the information they need to stay up to date on the latest trends.

ACCOUNTING AND AUDITING UPDATE 2018 (4 HOUR) CPE Credit: 4 AA Course Number: AAU Learn about the new 2018 and 2017 Accounting Standards Codification and Updates. Areas covered will be Revenue Recognition, Leases, and Financial Instruments, and other important GAAP changes. GAAP, GAAS, and SSARSs (SSARS 21, 22, and 23) from 2018 and 2017. Practical solutions to complex issues will be offered.

Participants will have the opportunity to ask questions and discuss issues for which they need information.

ACCOUNTING AND AUDITING UPDATE 2018

AICPA PEER REVIEW PROGRAM ADVANCED COURSE

CPE Credit: 8 AA Course Number: AAUD Learn about the new 2018 and 2017 Accounting Standards Codification and Updates. Areas covered will be Revenue Recognition, Leases, and Financial Instruments, and other important GAAP changes such as GAAP based on the the tax laws for 2018. New audit reports and GAAS standards from the AICPA’s ASB. Accounting (ASUs), auditing (SASs), preparation and compilation and review standards (SSARS) from 2018 and earlier. Is it a compilation or a preparation engagement? The new SSARS 22 and SSARS 23 are explored. Further discussions on Quality Control, Peer Review, and Ethic’s revisions and changes. Practical solutions to complex issues will be offered. Participants will have the opportunity to ask questions and discuss issues for which they need information.

CPE Credit: 8 AA Course Number: APRU19 This one-day, advanced course is designed for experienced reviewers who want to heighten their peer review skills.

This course includes an analysis of the latest AICPA Peer Review Program Standards as well as materials focused on the areas of peer review guidance which reviewers find the most problematic.

ANALYZING A COMPANY'S FINANCIAL STATEMENT (4 HOUR) CPE Credit: 4 AA Course Number: FSABM4 More and more, clients are turning to you for advice on financial performance.

Are you ready? This course presents the financial statements as a set of dynamic instruments that can be used for accurate, relevant, and timely financial decisions. Focus on the economic and financial conditions that caused the statements to change and discover how businesses can manage liquidity, debt, and profitability. Plus, explore effect ratios, causal ratios, pro forma analysis, sustainable growth, and much more.

5TH ANNUAL

at the Accounting & Business Show Reception

SEPTEMBER 26, 2018

For more information, contact govaffairs@ficpa.org

Please note: contributions are strictly voluntary and are not deductible for federal tax purposes.

The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others.

58

OF COURSE! | JULY 1, 2018 - JANUARY 31, 2019

IN-PERSON CPE COURSE DESCRIPTIONS

ANNUAL ACCOUNTING AND AUDITING UPDATE

BEST INDIVIDUAL INCOME TAX UPDATE

COMMON INTEREST REALTY ASSOCIATIONS CONFERENCE

CPE Credit: 8 AA Course Number: AUAA This course is designed to provide an in-depth look into the most important new pronouncements issued during the past year, along with an overview of the less pervasive ones.

CPE Credit: 8 AA Course Number: BITU This highly informative course responds to all of the latest tax law developments with a full update on changed requirements and a thorough discussion of the planning opportunities that you need to understand to help your clients respond effectively. You will come away from the course with the up-to-date knowledge you need to educate your individual tax clients and implement tax-saving ideas that will serve their ever-evolving needs--especially in a year of significant tax law change.

Orlando | November 15-16, 2018 CPE Credit: Up to 24 CPE Hours Course Number: CIRA CPAs must know the complex issues faced by common interest realty associations to serve them well.

At the annual two-day CIRA Conference & Boot Camp, hear from regulators, attorneys, reserve specialists, and CPAs specializing in this industry. There are two tracks: one provides round tables for senior staff and partners, and the other teaches CIRA’s unique tax and auditing issues. Attend in person or via online simulcast.

Join us a day early for the Real Estate Boot Camp on November 14 to earn extra CPE and gather insight on key topics like rental issues' impact on taxes, revenue recognition, planning using LLCs and self-directed IRAs, and more! (CPE: 7) (Separate registration fee.)

ASU NO. 2016-14 IN JUST FOUR HOURS CPE Credit: 4 AA Course Number: ASU4 ASU No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, will usher in the most significant changes to not-for-profit financial reporting in over 20 years when it becomes effective for December 31, 2018, year-ends. To properly implement the new financial reporting model professionals will need to hve a strong, working knowledge of the new requirements. Now is the time to obtain that knowledge! This course will explain the new requirements, illustrate how the requirements will manifest themselves in the financial statements, and explain key options that not-for-profits have in implementing the requirements.

The course will also examine other key issues on the horizon related to revenue recognition and leases. The course materials utilize a highly illustrative and innovative format to provide an enhanced working knowledge of not-for-profit financial reporting.

BEST FEDERAL TAX UPDATE COURSE CPE Credit: 8 AA Course Number: BFTU The coming year promises plenty of challenges and opportunities for individual and business tax clients. Single party control of the presidency and both chambers of Congress paved the way for the most unimpeded path to a major tax bill in many years. The Affordable Care Act (ACA) tax compliance provisions continue to confound employers. These are just a few of the changes that will affect your clients this coming season, and they will look to you to understand the issues and develop a plan that serves their best interests.

In this course, tax advisors will be fully updated on the most important legislative and regulatory developments of the season as well as major trends and changes in the case law. Included is full coverage of all tax implications with a view toward planning.

BEST S CORPORATION, LIMITED LIABILITY AND PARTNERSHIP UPDATE CPE Credit: 8 AA Course Number: BCPE This year more than ever, practitioners need to keep abreast of all tax changes affecting pass-through entities used by their business clients and employers, and this enlightening course delivers that information. You will learn invaluable knowledge, strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs, and LLPs. Continually updated for developments.

CIRA REAL ESTATE CONFERENCE Orlando | November 14, 2018 CPE Credit: Up to 7 CPE Hours Course Number: CIRAREC. Common Interest Realty Associations are not unique to Florida but are so widespread that CPAs must know the complex issues faced by these associations. We have planned this conference with the most relevant and up-to-date information available by gathering speakers who interact regularly with these communities.

This conference presents information from regulators, attorneys, reserve specialists and CPAs specializing in this industry.

COMPILATION AND REVIEW: ISSUES AND UPDATES CPE Credit: 8 AA Course Number: COMP Learn about the new 2018 and 2017 preparation, compilation, and review professional standards, which represent many significant changes in authoritative professional standards like SSARS 21, 22, and 23. The differences between Preparation Engagements and Compilation engagements are highlighted. Engagement Letters, Reports, Disclosures, Documentation, and Ethical considerations from the newly Revised Code of Professional Conduct are explained, discussed, and examples are given for illustrations. Attest vs non-attest issues are dealt with including independence and 1.295.

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG

59

IN-PERSON CPE COURSE DESCRIPTIONS

COMPILATION AND REVIEW: ISSUES AND UPDATES (4 HOUR)

CONSTRUCTION INDUSTRY CONFERENCE

CPE Credit: 4 AA Course Number: COMP4 Learn about the new 2018 and 2017 preparation, compilation, and review professional standards, which represent significant changes in authoritative professional standards like SSARS 21, SSARS 22, and SSARS 23. Engagement Letters, Reports, Disclosures, Documentation, and Ethical considerations from the newly Revised Code of Professional Conduct are explained, discussed, and examples are given for illustrations. Selected Attest vs non-attest issues are dealt with. Selected Independence and Ethics 1.295 concepts are handled.

Orlando | October 19, 2018 CPE Credit: Up to 11 CPE Hours Course Number: CIC Welcome to the 2018 FICPA Construction Industry Conference! Every year – without fail – this event is a highlight of the annual calendar for CPAs working with the construction industry. This year promises to be no exception. We are again offering the Tax and Audit Boot Camp, popular with last year’s conference attendees.

We are pleased to have a healthy mix of CPAs from both private and public accounting firms, as well as construction industry leaders, which will give us a diverse perspective on how construction is impacted by changes in accounting regulations. Whether you’re a CPA in public or private practice, a CFO, controller, attorney, contractor or construction industry specialist, this year’s conference will offer instructive information and guidance to help prepare you for new industry developments and upcoming changes in accounting, auditing, taxation, operations and financial management best practices.

COMPREHENSIVE ACCOUNTING ISSUES OF ESTATES AND TRUSTS: FIDUCIARY ACCOUNTING AND TAX ISSUES CPE Credit: 8 AA Course Number: FACT Fiduciary income tax is a complex blend of state accounting rates and the tax law of Subchapter J. Only by understanding this interaction can the practitioner acquire the skills and knowledge to provide income tax planning for an estate or trust and its beneficiaries, sure to be an important skill in practice in the new income tax environment.

CONSTRUCTION INDUSTRY ACCOUNTING AND FINANCIAL REPORTING CPE Credit: 4 AA, 4 TB Course Number: CIAFR00 The course materials are applicable to both CPAs providing services to construction contractors as well as CFOs, controllers and internal accountants. The seminar will include a review of the basic principles of construction accounting and taxation and address financial management and reporting issues encountered in the construction industry. The discussion will include updates on construction GAAP and GAAS and recent tax legislation applicable to the industry.

60

CONTROLLER'S UPDATE: TODAY'S LATEST TRENDS (4 HOUR) CPE Credit: 4 TB Course Number: SKSB Strengthen your abilities as a controller and help your management team understand current economic issues through the latest trends in accounting, finance, human resources, treasury management, and business systems. In this course you will discuss leading-edge topics in managerial accounting and finance in a session that is packed with useful tips and practical guidance that you can apply immediately.

CYBERSECURITY FUNDAMENTALS CPE Credit: 8 AA Course Number: CRMP Cyber threats come in all shapes, sizes, complexity and are ever-evolving. Attacks are causing great financial loss and serious damage to companies. There is not a simple one-size fits all way to respond.

Each organization must work to effectively mitigate the risk of data breaches. It is essential for each organization to establish a baseline to identify critical components that must be incorporated into any cybersecurity risk management approach.

Professionals working in firms or enti-

OF COURSE! | JULY 1, 2018 - JANUARY 31, 2019

ties will learn how to keep abreast of the latest cybersecurity trends, manage risks, and ensure the right level of governance to safeguard their organization.

CYBERSECURITY RISK FUNDAMENTALS (4 HOUR) CPE Credit: 4 AA Course Number: CRMP4 Cyber threats come in all shapes, sizes, complexity and are ever-evolving. Attacks are causing great financial loss and serious damage to companies. There is not a simple one-size fits all way to respond.

Each organization must work to effectively mitigate the risk of data breaches. It is essential for each organization to establish a baseline to identify critical components that must be incorporated into any cybersecurity risk management approach.

Professionals working in firms or entities will learn how to keep abreast of the latest cybersecurity trends, manage risks, and ensure the right level of governance to safeguard their organization.

DATA BREACHES & OTHER CYBER FRAUDS: A 21ST CENTURY RISK TO YOUR ORGANIZATION (4 HOUR) CPE Credit: 4 AA Course Number: DATA4 Is your data secure? Is your organization at risk of a data breach? What is cyber fraud and how can it affect your organization? How can you protect your company from cyber fraud? Data breaches and cyber fraud are an ever present risk for more companies. This course will help you understand and become more aware of the risks associated with data breaches and other cyber frauds. You will become more aware of the policies and procedures needed to protect your company data.

We will review the requirements for internal controls over technology required by the 2013 COSO Framework on Internal Controls and review internal controls that can help prevent and detect cyber frauds, including data breaches.

Become a resource for your company and your clients.

IN-PERSON CPE COURSE DESCRIPTIONS

DETAILS OF THE TAX CUTS AND JOBS ACT AND IMPACT TO YOUR CLIENTS CPE Credit: 8 TB Course Number: TCJA Congressional leadership has been promising to deliver comprehensive tax reform since the 2016 elections. This session will look at the law they produced and items that will impact clients. We are looking at the most significant tax changes since the Tax Reform Act of 1986.

This course will update you on the changes that you need to advise your clients about as you look to their 2018 tax planning.

ESTATE AND GIFT TAXATION OF NONRESIDENT ALIENS IN THE UNITED STATES CPE Credit: 8 TB Course Number: EGTNR Designed for professionals who advise foreign persons about U.S. investments and business activities. Increased IRS audit activities, post mortem tax planning alternatives, estate and gift tax consequences and other recent developments will be discussed.

ETHICS: PROTECTING THE INTEGRITY OF FLORIDA CPAS (4980) CPE Credit: 4 ETH Course Number: ETH CPAs face many complex and challenging ethical issues. This course addresses the ethical and professional obligations CPAs have to their clients, employers, colleagues, regulators, and to the public.

Through interactive dialogue and discussion we will focus on recent trends in business and professional ethics along with the specific rules and requirements applicable to CPAs outlined in Florida Statutes, the Rules of the Florida Board of Accountancy, and the AICPA Code of Professional Conduct.

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

FLORIDA GULF COAST UNIVERSITY ACCOUNTING & TAX CONFERENCE Ft. Myers | Oct. 25-26, 2018 CPE Credit: Up to 16 CPE Hours Course Number: FGCUAC The Florida Gulf Coast University Account-

ing & Tax Conference brings the experts to Ft. Myers to explore the latest trends, topics and challenges facing CPAs today.

Discover how these key issues affect the profession broadly and in the FGCU community. Attendees will hear from leaders in the profession on topics ranging from: Cyber Security, Peer Review, Review Financial Statements, New Partnership Audit Rules, Not for Profit A&A Update, FASB Update to include REVRECON, and much more.

GOVERNMENTAL AND NOT-FORPROFIT ANNUAL UPDATE

FLORIDA SALES AND USE TAX ISSUES

LLCS AND PARTNERSHIPS: INTERMEDIATE

CPE Credit: 2 AA, 6 TB Course Number: SUT Learn critical, need-to-know information regarding sales and use tax in Florida for public CPAs with Florida business clients and CPAs in industry who work for companies doing business in Florida. Review most current Florida tax statutes and cases.

FOREIGN INVESTMENT IN THE UNITED STATES: TAX AND RELATED MATTERS CPE Credit: 8 TB Course Number: FIRP Do you have foreign individuals or entities as clients? If so, you should attend this course to acquire knowledge and practical how-to approaches on foreign investment in the United States, as well as numerous types of passive and active business investments.

FORENSIC ACCOUNTING INVESTIGATIVE PRACTICES CPE Credit: 8 AA Course Number: FAIP00 If you are looking to gain more skills in the growing and lucrative field of forensic accounting, you'll want to start with this course. Effective forensic accountants are part of a new breed of practitioners who possess a broad spectrum of traits and knowledge. This course dives into the unique investigative and communications skills and analytical practices required of the best forensic accountants by teaching you how to provide expert witness testimony in mediations, arbitrations, and governmental hearings. You'll also learn how to use proven research, investigative methods, and proper documentation of evidence to successfully complete a forensic accounting engagement. This course demonstrates the keys to success in the exciting field of forensic accounting.

CPE Credit: 8 AA Course Number: GNAU Change is inevitable and at times overwhelming if you are unprepared. Ensure you are current in governmental and not-for-profit accounting and auditing.

This update course is designed to prepare you for the latest accounting and auditing developments affecting governments and not- for-profits.

CPE Credit: 8 TB Course Number: LLCP TBD

NOT-FOR-PROFIT ANNUAL UPDATE (4 HOUR) CPE Credit: 4 AA Course Number: NFP4 Provides participants with instructions and insight into unusual and unique accounting, auditing, and financial reporting issues and situations involving not-for-profit organizations and related entities. The course covers issues dealing with internal controls of non profits and religious organizations, special controls for unusual programs and asset recognition issues for non-profits. New reporting NFP requirements will be discussed.

STAFF LEVEL TAX TRAINING CPE Credit: 8 TB Course Number: SLTT TBD

STATE AND LOCAL GOVERNMENT ACCOUNTING CONFERENCE Orlando | Aug. 16-17, 2018 CPE Credit: Up to 16 CPE Hours Course Number: SLGAC CPAs in state and local governments face a unique and rapidly-changing set of challenges. FICPA's State & Local Government Accounting Conference provides training (in-person or via online simulcast ) to help them navigate the ethical and practical demands of public service. Attendees will also have the chance to network with other CPAs and professionals in the field.

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG

61

IN-PERSON CPE COURSE DESCRIPTIONS

SUMMER EDUCATION CONFERENCE Destin | Jul. 9-13, 2018 CPE Credit: Up to 20 CPE Hours Course Number: SEC18 The Summer Education Conference is unlike any other program we offer. It's one part hot topics, one part family vacation.

Then, we add some warm and friendly folks from Louisiana and Alabama and a shining cast of speakers and you get one of the best events of the year!

SUMMER VACATION CLUSTER Orlando | Aug. 2-4, 2018 CPE Credit: Up to 20 CPE Hours Course Number: SVC This conference not only offers a vacation for you and the family, it also offers some of the best speakers and topics available at an incredible price. See how to get the best of both worlds and let us show grand life can be. Come, relax and earn up to 20 hours of CPE.

SURGENT'S FEDERAL TAX CAMP CPE Credit: 8 TB Course Number: SATC The coming year promises plenty of challenges and opportunities for individual and business tax clients. Single party control of the presidency and both chambers of Congress has paved the way for the most unimpeded path to a major tax bill in many years. The Affordable Care Act (ACA) tax compliance provisions continue to confound employers, while at the same time the potential for significant revisions or even repeal looms. Renewed enforcement of the 100-percent penalty for trust fund taxes looms for all employer advisors. These penalties can be catastrophic, and particular attention should be paid to them.

In this course, tax advisors will be fully updated on the most important legislative and regulatory developments of the season as well as major trends and changes in the case law. Substantiation of charitable deductions is also quickly becoming an audit hotbed for the IRS, and these often-misunderstood rules are explained at length with a view toward planning.

62

THE 2018 YELLOW BOOK REVISION CPE Credit: 4 AA Course Number: QUA4 The 2018 Yellow Book revision represents the first comprehensive overhaul of the Yellow Book standards since 2011.

This course not only explains the new standards, it also prepares you to excel in implementing the new Yellow Book.

Learn precisely what the new Yellow Book does and does not require auditors to do. The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced knowledge of the new Yellow Book.

THE NEW LEASE ACCOUNTING STANDARD: HOW READY ARE YOU? CPE Credit: 8 TB Course Number: LEAS The new lease accounting standard will cause radical changes to lessor and lessee financial reporting, including balance sheet reporting for many lease arrangements under U.S. GAAP. This course will review the new standard and address the latest developments, including the latest implementation guidance.

THE NEW REVENUE RECOGNITION STANDARDS: NOW IS THE TIME TO PREPARE? CPE Credit: 8 TB Course Number: REVR The requirement to adopt and implement the New Revenue Recognition Standard is just around the corner. The new standard will standardize how companies will recognize revenue under U.S. GAAP. This course will review the new standard and address the latest developments, including changes in scope and the latest implementation guidance.

OF COURSE! | JULY 1, 2018 - JANUARY 31, 2019

UNIVERSITY OF FLORIDA ACCOUNTING CONFERENCE Gainesville | Nov. 8-10, 2018 CPE Credit: Up to 20.5 CPE Hours Course Number: UFAC The FICPA University of Florida Accounting Conference brings essential CPE training to Gainesville. Attendees will hear from leading speakers and instructors, all hand-picked to share knowledge on the broad and local issues that matter to you.

Join in person or via online simulcast and connect with other CPAs in the University of Florida community.

FOOTBALL GAME TOO! After your 16 hours of CPE, join us to watch the Gators defeat South Carolina! Limited tickets available for purchase. Details: ficpa.org/ufac.

UNIVERSITY OF SOUTH FLORIDA ACCOUNTING CONFERENCE Tampa | Oct. 25-26, 2018 CPE Credit: Up to 16 CPE Hours Course Number: USFAC FICPA's University of South Florida Accounting Conference presents a wide range of practical, informative training in a local setting convenient for you. Attendees will have the opportunity to join other Central Florida CPAs as they hear from industry experts and explore issues relevant to them.

SAVE THE DATE

From full-fledged conferences to flexible Seminar Days, we offer the highest quality CPE to meet your needs. Mark your calendar for these events around the state!

NOVEMBER

AUGUST AUG

Summer Vacation Cluster Orlando August 2-4, 2018 www.ficpa.org/SVC

NOV

University of Florida Accounting Conference Gainesville November 8-10, 2018

AUG

State and Local Government Accounting Conference Orlando August 16-17, 2018 www.ficpa.org/SLGAC

NOV

CIRA Real Estate Conference Orlando November 14, 2018

NOV

Common Interest Realty Associations Conference Orlando November 15-16, 2018

2

16

8

15

SEPTEMBER SEPT

26

Accounting & Business Show Ft. Lauderdale September 26-28, 2018 www.ficpa.org/ABS

OCT

Construction Industry Conference Orlando October 19, 2018

OCT

Florida Gulf Coast University Accounting & Tax Conference Ft. Myers October 25-26, 2018

OCT

University of South Florida Accounting Conference Tampa October 25-26, 2018

25 25

JANUARY JAN

International Tax Conference Boot Camp Miami January 9, 2019

JAN

International Tax Conference Miami January 10-11, 2019

JAN

Valuation, Forensic Accounting and Litigation Services Conference Ft. Lauderdale January 10-11, 2019

9

OCTOBER

19

14

10 10

Visit ficpa.org/conferences for more information.

To register, call 800.342.3197 or 850.224.2727, or visit ficpa.org/cpe. | FICPA.ORG

63

PRESORTED STANDARD U.S. POSTAGE

PAID

Florida Institute of Certified Public Accountants 3800 Esplanade Way, Suite 210 Tallahassee, FL 32311

Tallahassee, FL Permit No. 144

Why are most payroll practices only marginally profitable?

Because most accountants don’t know one critical fact.

And those who know this fact have done tremendously well.

This is Tyler Winn, CPA, Founder of Cirrus Payroll. His firm processes 176 payrolls with just one staff member. Search on Google for “payroll services in Tulsa, OK”. You’ll find 91 five-star ratings, compared to two-star ratings for a national payroll service bureau.

Richard Rogers, EA is CEO of Mother Lode Bookkeeping.

The payroll solution they use has eliminated compliance headaches, enabling them to process hundreds of clients painlessly.

This kind of success isn’t limited to small firms. Top 100 firms like Hill, Barth & King, CPAs and Consultants have also done extremely well with payroll services. According to Martin M. Gargano, Principal at HBK, his firm has expanded its payroll practice through 14 of their offices.

So how did these firms do it?

These firms discovered that Payroll Relief from AccountantsWorld lets their firms process payroll much faster and easier than the payroll solutions they were using. That’s because cloud-based Payroll Relief was created exclusively to help accountants offer highly profitable payroll services without compliance headaches.

Knowing this fact, these firms did what any firm that is serious about their payroll practice would do – they switched to Payroll Relief.

Making your payroll practice highly profitable is easier than you think.

Visit AccountantsWorld.com/Payroll-FL to get started.

A leader in cloud solutions for accountants

FLCPA_Jun2018_PR_ad_OJ.indd 1

5/16/2018 1:12:01 PM