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washington

CPA Summer 2017

Volume 61, Number 1

Cybersecurity Risk Management New AICPA Reporting Framework Explained

Important Recent Tax Developments: Self-Employment Taxes and LLC Members 6 Tips for Successful Enterprise Risk Management Washington CPA Foundation Scholarship Winners

www.wscpa.org


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WashingtonCPA Summer 2017

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wa s h i n g t o n

CPA www.wscpa.org • memberservices@wscpa.org Tel (425) 644-4800 • Toll free in WA (800) 272-8273 Fax (425) 562-8853 902 140th Ave NE Bellevue, WA 98005-3480

BOARD OF DIRECTORS Thomas G. Donaghy Chair Kirsten S. Duke Vice Chair Amanda V. O’Rourke Treasurer David E. Trujillo Secretary David J. Miniken Immediate Past Chair Kimberly D. Scott President & CEO

Erika C. Amezquita Kristine L. Lambright Dawn E. Beck Moses S. Man Justin A. Bourn Rhonda S. Powell Christina J. Gehrke Michael W. Reeves Brett J. Jordan Jared M. Theis Mary E. Joyce Ronald L. Tilden Lowel J. Krueger CHAPTER BOARD CHAIRS Andrew Whitman Bellevue Area Lydia Ahn Bellingham Area Sarah Ozanne Everett Area Carrie Munson Olympia Area - Seattle Area Jillian Robison Spokane Area Angela Chase Tacoma Area Sara Bailey Tri-Cities Area Heidi Burres Vancouver Area Jessica Walkenhauer Yakima Area

Jeanette Kebede Cory Wilmarth

Editor Assistant Editor

The WashingtonCPA is published by the Washington Society of Certified Public Accountants for its members. Views and opinions appearing in this publication are not necessarily endorsed by the WSCPA. The products and services advertised in The Washington CPA have not been reviewed or endorsed by the Washington Society of Certified Public Accountants, its board of directors, or staff. The WashingtonCPA (USPS 009754) is published four times annually by the Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480. $12 of members’ annual dues goes toward a subscription to The WashingtonCPA. Periodicals postage paid at Bellevue, Washington and additional mailing offices. Cover photo: © Getty Images/boana POSTMASTER: Send address changes to The WashingtonCPA, c/o WSCPA, 902 140th Avenue NE, Bellevue, WA 98005-3480.

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CONTENTS 4

Facing and Embracing Change Together

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Make a Wise Investment in Your Career: Get Involved in Your WSCPA!

11

Important Recent Tax Developments: Self-Employment Taxes and LLC Members

14 2016-2017 Awards Winners 19 Celebrating the Future of the Profession:

Washington CPA Foundation Scholarship Winners

29 New AICPA Cybersecurity Risk Management Framework

31 6 Tips for Successful Enterprise Risk

Management

47 Member Profile: Chad Daw DEPARTMENTS 4

Leadership Lens

33

CPE Digest

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News Briefs

37

Conferences

19 Foundation

45

Registration

32

46

Classified Ads

Networking Events

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LEADERSHIP LENS

Facing and Embracing Change Together By Kimberly Scott, CAE, WSCPA President & CEO

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oday I officially moved into my new office; it is the start of a new journey. During the last 16 plus years I have worked in a few cubicles and a couple of offices in this building, yet this office feels very different—it is very different. The change in my office view, and the change in my role, prompted me to think about changes to the profession and organization since I have been with the WSCPA. First, let me say that I am excited about new and different opportunities, and the change they bring. I mentioned to the Past Chairs at their annual dinner a few weeks ago that things were changing in the association world and in the CPA profession. A wise past chair eloquently stated that he was chair 40 some years ago and change was what they worried about too. In fact change has been a constant as long as he has been a member. The number of changes which affected the CPA profession in Washington State during the past 16 years seem to prove he is correct.

Changes Affecting the CPA Profession Since 2000 CPE Shortly before I joined the organization, the CPE requirement had just been modified. Some of you may recall that, prior to this change, CPAs were required toxcompletex32xA&Axcreditxhours every license renewal cycle, regardless of whether they were engaged in audit or attest work. Soon after I joined, the reporting cycle was modified from every two years to a three-year cycle. The number of required credit hours stayed the same—40 hours per year is the average—but the type of credit hours became more focused on what you might actually need to advance in your position. They also added the four-hour ethics requirement.

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License or Certificate Washington State used to be what we called a two-tier state as well. You could be either a licensed CPA or a certificate holder. To be licensed it was very similar to what it is now, except you needed to have work experience in a public accounting firm. The certificate meant you had the education, passed the rigorous CPA exam, but were missing the required work experience in a public accounting firm.

I see much more on the horizon in this changing world and we will continue to evolve. With impressive volunteers and staff, the WSCPA will create new programs and experiences. Of course, change can often translate to fear and new opportunities may mean old ones disappear.

CPA Exam That rigorous exam has gone through many changes as well. By the way, the exam is celebrating its 100th birthday this year! Do you remember when you could only sit for the exam two times a year, May and November? Or when you had to take all four parts in one sitting, and it was paper and pencil only—no computers. It may surprise you to know that the exam moved to a computerized exam a little over a decade ago. In April more changes to the exam were rolled out and additional changes are expected every

couple of years in order to keep up with the changes in regulation and technology. Technology I cannot even begin to discuss every technological change. I clearly remember buying my first home computer. It took up a ton of space, cost as much as car, and nowadays a handheld child’s toy has more memory capacity. I even recall when the Internet became available for home use, for once I was an early adopter. Of course back then it was only really used for chat rooms. There were no news feeds, shopping, Facebook, Instagram, Twitter or the latest platforms which are trending today.

What This Means for the WSCPA How do I interpret all of this change? There are opportunities and possibilities that exist for our organization.We should expect that what lies ahead will not be easy to maneuver. The WSCPA has changed significantly during my tenure as well, especially in the areas of communications and continuing education. Sixteen years ago, when we held live CPE courses, they were full. Now we offer more webcasts than we do live courses. The convenience of taking education courses from our desks or in our homes has changed how members interact with the Society. There is fierce competition in the market for CPE and so we will continue to see changes in this area. Finding the best way to communicate with members (or for you to communicate with your clients) is constantly changing as well. With new technology comes new expectations. The WSCPA used to rely on printed marketing pieces, now we communicate via print, email, and the major social media platforms. Now, we can hear from members in many different ways, any time of the day, any day of the week and we need to respond, in www.wscpa.org


LEADERSHIP LENS

accordance with member expectations for each communication platform. The WSCPA has invested in connecting with students and young professionals, trying to clearly understand what they expect to need from a professional organization. We have created new types of networking events, increased scholarships, and created structure in our leadership opportunities. We have launched two new websites and many upgrades, and two databases— which is a monumental challenge for any organization. I expect the rate of change in this area will increase as well. However, it is desperately necessary. Sixteen years ago, you could not easily and securely pay

for training or membership online—it was all by phone or mail. I see much more on the horizon in this changing world and we will continue to evolve. With impressive volunteers and staff,xthe WSCPA will create new programs and experiences. Of course, change can often translate to fear and new opportunities may mean old ones disappear. Let’s face this change remembering that we—WSCPA members, leadership and staff, as well as the entire profession, and all the organizations that support it—are in this together. I look toward the future and anticipate it will be full of opportunities to bring growth and excitement. We may not know what the

organization will look like in 5, 10, or 50 years from now, but together anything is possible. Thank you for starting this new journey with me! Kimberly Scott is President & CEO of the WSCPA. You can contact her at kscott@wscpa.org.

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WashingtonCPA Summer 2017

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NEW OFFICE HOURS

The WSCPA office is now open 7:30 a.m. to 4:30 p.m., Monday through Friday. The office hours now align with the time when members are typically in the building.

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LEADERSHIP LENS

Make a Wise Investment in Your Career: Get Involved in Your WSCPA! By Thomas Donaghy, CPA, WSCPA Chair for 2017-18

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s I begin my year as Board Chair of your Washington Society of Certified Public Accountants (WSCPA), I want to share with you my reasons for being an active member for over 30 years. I first joined the society right out of college, which was typical of anyone who had earned a degree in accounting back then. My initial involvement was limited until June of 1998, when I moved my family from Seattle to Bellingham to start my career as a financial advisor. Living in a new community where I only knew a handful of people, I realized that I had to get involved and I needed to do it quickly.xThe first group that I joined, which turned out to be the best from a business contacts standpoint, was the Northwest Chapter (now Bellingham Area Chapter) of the WSCPA. Susie Thomson, CPA, was chapter president at the time and she did an outstanding job of motivating people and increasing membership participation. The chapter networking opportunities were far superior to any other group that I participated in and produced not only many quality business relationships, but great lifetime friendships which I value to this day. Thanks in part to the support and encouragement from the CPAs at my local chapter, I was able to build a solid and successful business. If you haven’t taken advantage of WSCPA networking events, you may be missing out on some tremendous career opportunities. In my role as a Director on the Society’s Board, I have witnessed many great accomplishments over the last four years. But we have a lot more to do. With our new President & CEO Kimberly Scott at the helm, the Society is in extremely capable hands to go the distance. She has the tools, knowledge-base, experience, and vision to make the Society stronger and more vibrant in the years to come. I am excited to kick off the 2017-2018 fiscal year with strategic planning. Along

www.wscpa.org

Thanks in part to the support and encouragement from the CPAs at my local chapter, I was able to build a solid and successful business. If you haven’t taken advantage of WSCPA networking events, you may be missing out on some tremendous career opportunities. with the assistance of a nonprofit strategic planning expert, Dr. Steve Swafford, Adjunct Professor at Pepperdine Graziadio School of Business and Management and CEO of Leadership Outfitters LLC, the board will be focused on determining the future direction of the organization. In the coming weeks, you may be asked to share your input and ideas on ways the Society can improve and better serve your needs as a member. If you are asked to share your feedback or participate in the strategic planning process, I would highly encourage you to take advantage of the invitation. Recently, I gained insight into the issues facing today’s public accounting practitioners when I met with six local Bellingham CPAs (three CEOs from the area’s largest firms, two sole proprietors, and one senior tax manager). We discussed topics ranging from their current challenges to how things will look five years from now. Since I left public accounting many years ago, I was also curious and learned about the products/services they were currently receiving from the Society and how they could be better served going forward. The meetings went very well and I was surprised at how grateful my colleagues were for the opportunity to share their thoughts. Joining and getting involved with the WSCPA was the best decision I ever made to take my career to the next level. If you haven’t been involved in a while, what are you waiting for? Jump in, get fired up, and see what it does for your career.You will be glad you did.

Thank you for your membership and thank you again for the opportunity to serve you as Board Chair. I look forward to meeting and working with you during my term. Tom Donaghy, CPA, is an investment officer and financial advisor in Bellingham, Washington. You can contact him at tg.donaghy1@gmail .com

WAYS TO GET INVOLVED •

Join a committee

Attend chapter events

Become a volunteer - Student outreach - Grassroots - Scholarship review

Attend conferences

Attend networking events

For more details, contact memberservices@wscpa.org

WashingtonCPA Summer 2017

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NEWS BRIEFS

WSCPA Board Expands Affiliate Membership Class Non-CPA Accounting and Financial Professionals Now Eligible for Membership At its May 18th meeting, the WSCPA Board of Directors approved modifications to the Society’s Affiliate Membership Policy. Effective May 18, 2017, affiliate membership eligibility has been expanded to include the following groups of individuals who do not hold a CPA certificate or license: • Employees of a certified public accounting firm • Accounting and financial professionals who work in industry, government or non-profit organizations and are sponsored for affiliate membership by a WSCPA regular CPA member When applying for membership, accounting and financial professionals working in industry, government or non-profit organizations must submit the name of their sponsoring WSCPA regular CPA member. As a condition of membership, all affiliate members must agree to abide by the AICPA Code of Conduct. If you have questions about membership eligibility, contact memberservices@wscpa.org or call (425) 644-4800.

Tax Committee Want a way to connect and learn from other tax practitioners? Join the WSCPA Taxation Committee, which meets to discuss various taxation-related topics on the third Tuesday of the month from June through December. Next Meeting: Cybersecurity | August 15 Randy Werner, Loss Prevention Executive at Camico, will discuss cybersecurity threats to CPA firms. This is a great opportunity to ask questions about what you can do to counter the growing threat of cybercrime. Randy Werner’s presentation will qualify for one hour of CPE, so please come and join us.

To join the Taxation Committee, contact Katie Berry at kberry@wscpa.org.

AND THE WINNERS ARE... Four WSCPA members were selected as winners from 6,461 entries in the annual dues drawing. Each winner received a $300 AmazonTM gift card. Congratulations and happy spending to these members: Darin Goehner - Darin has been a member since July 1999 and has worked for Moss Adams for 22 years. He is the Tax Lead for Washington and Consumer Products Northwest, and looks forward to spending the gift card on clients’ outdoor/apparel goods. Kathy Aken - A member since April 1990, Kathy has her own consulting firm in Kirkland. She plans to use the money on her home remodel.

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Marci Haskell - Marci joined the WSCPA in March of 2006. She is a member of the WSCPA Not-for-Profit committee and has also served on the International Tax, CFO/ Controller and the Taxation Committees. Marci says she is so excited to actually win since she has never won in a raffle before. Greg Stewart-Longhurst - Greg has been a member since 1988 and lives and works in Spokane. He has been a Financial Education Volunteer with the WSCPA and has his own practice. He is very excited to be a winner! Thank you to all members who renewed their membership by June 1! www.wscpa.org


NEWS BRIEFS

! FREE CPE

LUNCH & LEARN WEBINARS

Grab your lunch, your laptop, and get some quick free CPE with your newest member benefit: the Lunch & Learn CPE Series! Webinars are scheduled for select Fridays at noon starting in September. Earn one hour CPE per webinar—up to 16 if you take all 16 webinars. Learn more on page 18 or at www.wscpa.org/freecpe.

YOUR WSCPA PASSPORT CARD:

Free Monthly PCPS Resource

SAVE ON HOME IMPROVEMENT PROJECTS

In partnership with the AICPA Private Companies Practice Section (PCPS), the WSCPA offers a free rotating tool available every month online at: www.wscpa.org/pcpsresources. Past tools have included: • Guide to Avoiding Potholes for a Smooth Tide to Peer Review • Engagement Review Tool • Intentional Gratitude Actions Worksheet • Clients Goals and Challenges Worksheet Watch your Short Form for a link to the latest tool or visit the website.

Summer is the ideal time to get caught up on home improvement projects. Remember to use your Passport Corporate card to save as you paint, stain, update the blinds, and reorganize! As you are contemplating your home improvement projects remember to use your Passport Corporate card for all the great savings you can get: • •

In Memoriam The WSCPA holds in memory with families and the larger community, these members who have recently passed on: Gregory E. Eller George B. Holk Leonard Kaiden Franklin N. Lonsbery Ferris Naef Henry L. Nornberg www.wscpa.org/community/ in-memoriam

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• •

Mallory Paint Store is offering $6 off per gallon of Benjamin Moore Paint. Home Pros Painting & Decking saves $200 on deck restoration & staining. Window-ology honors 15% off shutters, blinds, and shades The Closet Factory and Closets N More have great discounts as well.

Install the Passport App on your smartphone and search for other discounts available to you with your Passport Corporate Card. Coming August 1: Passport goes digital! Check your email for details.

VIRTUAL CLASSROOMS Look for virtual classrooms, a new CPE format starting in September! Think of virtual classrooms like 4-hour interactive webcasts. They have the same convenient webcast features, with the added benefit of being able to use your microphone to speak directly with the speaker and other participants. It’s a great way to get CPE from your home or office at a discounted rate. See the list of scheduled classes on page 36 of the Digest. WashingtonCPA Summer 2017

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YOU’VE GOT THE SMARTS. NOW GET THE SAVVY.

INTRODUCING THE CGMA PROGRAM. DISCOVER A LIFELONG PROFESSIONAL LEARNING JOURNEY AT CGMA.org/Program ®

CGMA, CHARTERED GLOBAL MANAGEMENT ACCOUNTANT, and the CGMA logo are trademarks of the Association of International Certified Professional Accountants. These trademarks are registered in the United States and in other countries. 18652-326

Summer 2017 1018652 –WashingtonCPA CGMA Program - State Society Ad_FULL 3.indd 1

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11/13/15 10:33 AM


TAXATION

Important Recent Tax Developments: Self-Employment Taxes and LLC Members By Gregory L. White, CPA

U

©iStock by Getty Images/elenaleonova

nder a direct ownership structure, The Tax Court has issued two recent cases involving the imposition of self-employment taxes on LLC and PLLC members: Stephen P. Hardy v. Commissioner1 and Vincent Castigliola v. Commissioner2. These cases shed additional light on this evolving area and also suggest planning opportunities.

New Cases

Stephen Hardy is a plastic surgeon who works in Missoula, Montana. In addition to his professional practice, Dr. Hardy owns a 12.5% interest in a surgical center where he performs some of his surgeries. His case involved application of self-employment tax to the earnings from the surgical center. Dr. Hardy had very little involvement in the surgical center, other than performing periodic surgeries at the center (through his separate company—he didn’t contract with the surgical center, nor were his surgeries performed on its behalf). His direct involvement was limited quarterly meetings with the other owners. He had never managed the center, and had no day-to-day management responsibilities or input on management decisions. The case doesn’t address whether the surgical center LLC was member-managed (i.e., all members have the power to act on behalf of the LLC) or manager-managed (the power to act is vested in specific persons). Vincent Castigliola is an attorney who practices in Pascagoula, Mississippi. He is a member of a law firm that operates as a PLLC. The PLLC is member-managed; all members have the power to act on behalf of the PLLC. He provides all of his legal services through the PLLC and the revenues of the law firm are derived from legal services. He also actively participates in the control of the PLLC.

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… there’s substantial authority for LLC members in member-managed LLCs to avoid self-employment tax if they have minimal involvement in the operation of the LLC. However, cautious practitioners may wish to convert LLCs from member-managed to manager-managed—and make sure that the investors in the LLC are not managers. This is undoubtedly a safer approach. Outcomes

Dr. Hardy’s distributive share of income (Form K-1, Line 1) wasn’t subject to self-employment tax. In making its determination, the Tax Court cited its prior decision in Renkemeyer v. Commissioner3. The Renkemeyer decision was based upon the legislative history under §1402(a)(13) (which provides that Congress’ intention was not to impose self-employment tax on limited partners where the earnings are basically investment in nature). Vincent Castigliola’s distributive share of income from the law firm PLLC was held to be subject to self-employment tax. Perhaps this is unsurprising, but the apparent basis for these holdings has caused concern.

The Issue: Power to Manage vs. Actual Amount of Services Provided

The Hardy case focused on the actual amount of services that Dr. Hardy provided. The case didn’t discuss whether he had the power to act on behalf of the LLC, i.e., whether it was member-managed, or if he was a manager. In contrast, in Castigliola, the Tax Court focused both on Vincent’s power to act (he was a member-manager) and also the amount of services he provided. This is troublesome, because the precise basis for the court’s holding isn’t apparent. Did the Tax Court imply that the mere power to act results in self-employment tax? This was the holding in an earlier district court case, Riether v. U.S4.

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TAXATION

Are LLCs Different from PLLCs and LLPs?

The Hardy case makes an interesting distinction—it holds that an LLC is distinguishable from an LLP. This suggests that professional service entities will be treated differently from other types of entities. Taxpayers have lost both cases involving professional service entities (in one case, Renkemeyer, an LLP, in the other, Castigliola, a PLLC). Perhaps this is not surprising.

So, Which Is It? Does Possessing the Mere Power to Act Result in SelfEmployment Tax?

Renkemeyer noted that limited partners (who aren’t subject to self-employment tax) typically lack the “power to act.” However, the court based its decision on the actual amount of services provided by the member, not the mere power to act. Castigliola clouds the issue by discussing both the “power to act” and the amount of services provided. Hardy addressed only the amount of

services, not whether Dr. Hardy had the “power to act.” Riether, however, indicated that mere “power” to manage is sufficient to result in an LLC member’s treatment as a general partner, and thus subject to selfemployment tax.

Weighing the Authority

Riether, the worst case for taxpayers, is a district court case. Renkemeyer is a “regular” decision of the Tax Court, and as such has greater authority. Hardy and Castigliola are memorandum decisions, which hold considerably less authority. The Tax Court’s decisions are generally accorded greater weight than other court’s decisions, due to the Tax Court special expertise. Further, it is the most common jurisdiction for taxpayers. Therefore, the standard established in Renkemeyer remains the best guidance; the key to determining the application of self-employment tax is the amount of services actually provided, not the member’s “power to act.”

So What Should Tax Practitioners Do?

I believe that there’s substantial authority for LLC members in membermanaged LLCs to avoid self-employment tax if they have minimal involvement in the operation of the LLC. However, cautious practitioners may wish to convert LLCs from membermanaged to manager-managed—and make sure that the investors in the LLC are not managers. This is undoubtedly a safer approach. Gregory White, CPA, is an Adjunct Professor at Golden Gate University and founder of WGN, PS in Seattle.

TC Memo 2017-16 TC Memo 2017-62 3 136 T.C. 137. 4 919 F. Supp. 2d 1140 (DC NM) 1 2

Learn More Join Gregory White, CPA, and George Koutelieris, CPA, MS Tax, for these upcoming courses: S Corporate Taxation: Cutting-Edge Tax Strategies August 3 | Webcast November 1 | Webcast Partnership and LLC Taxation: Cutting-Edge Tax Strategies for Entities Taxed as Partnerships August 4 | Webcast November 2 | Webcast Cutting-Edge Tax Strategies: Representing Clients in IRS Audits and Appeals (including the New Partnership Audit Rules) August 8 | Bellevue / Webcast January 18 | Bellevue / Webcast Federal Taxation of Legal Marijuana August 8 | Bellevue / Webcast January 18 | Bellevue Partnership and LLC Taxation: Cutting-Edge Tax Strategies for Entities Taxed as Partnerships August 9 | Bellevue / Webcast

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Real Estate Taxation: Cutting-Edge Strategies in the Taxation of Real Estate October 23 | Bellevue / Webcast January 23 | Bellevue Passive Activities Rules: Cutting-Edge Tax Strategies in Passive Losses October 27 | Webcast Choice of Entity November 13 | Bellevue / Webcast 2017 Federal Tax Update January 8 | Bellevue / Webcast January 29 | Webcast

January 15 | Webcast

Choice of Entity: Cutting-Edge Tax Strategies in Choice of Entity Decisions January 29 | Webcast

Register now at www.wscpa.org/store www.wscpa.org


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WashingtonCPA Summer 2017

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2016-2017 AWARDS

2016 - 2017 Awards

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very year, the WSCPA recognizes individuals and businesses for making a difference in their communities, providing outstanding service, dedication, or leadership to advance the accounting profession and the Society. Congratulations to this year’s honorees!

Lifetime Achievement Award

Business of the Year Award

Thomas Neill, CPA, CGMA

Clark Nuber, PS

For an exemplary career of leadership in the accounting profession and the community

Thomas Neill has dedicated a significant portion of his professional career to serving the public and the accounting profession. “Tom has held 47 different roles or positions on committees, task forces and boards since joining the WSCPA in 1983, when he earned his CPA certificate,” said Kimberly Scott, WSCPA President & CEO. “He started serving on the Uniform Accountancy Act committee for the WSCPA in 1998. Today he is still serving on the UAA committee, but now at a national level for the AICPA. He has also served as a member of the AICPA’s Professional Ethics Executive Committee,” said Kimberly. Founding and managing partner of Finney Neill & Company, Tom currently serves on the Washington State Board of Accountancy as chair and NASBA’s Ethics Committee. WSCPA board chair in 1999-2000, Tom is an ethics instructor for the WSCPA and a peer reviewer. “He is well respected at a state and national level. His volunteer work for the profession is outstanding,” said Kimberly. “He has a very collaborative style of leadership and is always a thoughtful leader and participant in all of his activities.”

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For ongoing and generous support of the WSCPA through program participation, volunteerism, and sponsorship

Clark Nuber has been a consistent and significant supporter of the WSCPA for many years. “This is not the first time Clark Nuber has received this award. They received this award in 2000 as well. You are just as deserving today, if not more so, than you were back then,” said Kimberly Scott. “One hundred percent of eligible Clark Nuber employees are WSCPA members.They make becoming a member part of their staff on-boarding process.” In addition to supporting the WSCPA by sending staff to CPE events and conferences, scheduling In-house Training, and sponsoring events, Clark Nuber encourages staff to volunteer on committees and chapter boards or to serve as instructors for WSCPA seminars, conferences, and chapter events. “The volunteer hours and expertise are extremely valuable to the profession,” said Kimberly. It is hard to find a year that a Clark Nuber (current or former) employee is not selected to receive an award or recognition by the WSCPA for their contribution. They also support the Washington CPA Foundation by providing a named scholarship and scholarship review team volunteers.

www.wscpa.org


2016-2017 AWARDS

Community Leadership Award

Outstanding Volunteer Leader Award

Outstanding Volunteer Leader Award

Ross McIvor, CPA

Donna Evered, CPA, JD

David James, CPA, CGMA

For outstanding, lifelong civic and community service

For years of active leadership and dedicated service to the WSCPA

For years of active leadership and dedicated service to the WSCPA

A tax and business advisor working in public accounting for over 40 years, Ross McIvor merged his practice with Bauer Evans in 2011 and now helps manage their Bellevue office. “Ross McIvor is respected and wellliked in the Bellevue business community,” said Jim Ladd, CPA, WSCPA Past Chair. In 1988 Ross McIvor began providing pro-bono assistance to not-for-profit (NFP) organizations and started providing community leadership on various NFP boards. A participant, in 1995, of a civic leadership program, Advance Bellevue (now called Leadership Eastside), Ross has worked with Bellevue College Foundation, Bellevue Schools Foundation, Bellevue Rotary, Eastside Heritage Center, and Seafair along with numerous other community projects over the years.

A founding member of Evered & Associates, PLLC, Donna Evered has been active in the WSCPA for many years. She served as a board member, chair of the Taxation Committee, a Pension and 401(k) Trustee, and is a longstanding member of the Pacific Tax Institute (PTI) Planning Committee. “Donna is an extremely devoted volunteer,” said Hayden Williams, CPA, CGMA, WSCPA Chief Financial Officer. “Even when she personally has been unable to attend the PTI, she remains fully engaged and dedicated to helping plan a stellar event.” She serves on the Planned Giving Advisory Committee of the Fred Hutchinson Cancer Institute and has held leadership positions on the boards of the East King County Estate Planning Council and the Seattle Chapter of the American Society of Women Accountants.

“David has served as a Pension and 401(k) Trustee for over 14 years and has chaired the committee for over 10 years,” said Rich Jones, CPA, CGMA, Past President & CEO of the WSCPA. A shareholder in Clark Nuber’s audit and assurance practice, David said of his service to the WSCPA, “I’ve enjoyed the camaraderie and professionalism of other volunteers and WSCPA staff members … and sharing in a common focus of doing something for the organization that has done so much for our profession.” In more recent years, his volunteer activities have expanded to community service needs, including making breakfast twice a month for children at Jubilee Reach in Bellevue, providing breakfast for students at the Urban Impacts Summer Academic Camp in the Rainier Valley, and volunteering as a tutor one night a week for KidReach.

www.wscpa.org

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2016-2017 AWARDS

Outstanding Volunteer Leader Award

Special Award

New Professional Award

Jeffrey Mock, CPA, ABV, CVA

Steven Colson, CIC

Sara Bailey, CPA

For years of active leadership and dedicated service to the WSCPA

For commitment and support of the WSCPA

For passion and commitment to the WSCPA

Jeffrey Mock, owner and managing director of CPA Consulting Inc. PS in Bellevue, joined the WSCPA in 1984 and has served on the WSCPA Board, the Advisory Council, and several WSCPA committees, serving as chair of the Peer Review System RAB and Peer Review Executive Committee for several years. “Active in the Peer Review Program since 1991, Jeff has been instrumental in guiding the program in Washington and in maintaining its position as one of the nation’s best. He has shared his deep understanding of the changing environment of Peer Review with the committees and led the changes necessary to meet these new conditions,” said Julie Phipps, WSCPA Manager of Practice Quality. Jeff has served on the AICPA’s Peer Review Board, and as a Peer Review technical reviewer for Hawaii for many years.

For the past decade Steven Colson has served the WSCPA as a property and casualty insurance broker. “He is extraordinarily conscientious about having us buy the right kind and amount of coverage. His service has been impeccable,” said Rich Jones. Vice President and Professional Liability Practice Leader for Hub International Northwest, Steven has also been active as a sponsor of the Not-For-Profit Conference for several years. Prior to joining HUB, he was a partner in the largest privately held insurance brokerage in Seattle. He has over 20 years of experience in designing customized insurance and risk management programs for CPA firms, law firms, and their larger clients.

After actively participating in the Yakima Area Chapter for many years, Sara Bailey moved to Tri-Cities. She graciously stepped into the role of the chair of the Tri-Cities Area Chapter during a time of significant change. “This could have been a difficult transition, but Sara has a talent for collaboration and helped bring the group together,” said Kimberly Scott. “Under her leadership, the chapter has created new events, found new venues, and attracted new attendees to their monthly events.” An active member of the CPA PAC, Sara is a tax manager for Moss Adams LLP and has practiced public accounting since 2011. Prior to her accounting career, Sara was a Blackhawk Mechanic Sergeant in the US Army.

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www.wscpa.org


2017-2018 Awards CALL FOR NOMINATIONS Submit your nomination for 2017-2018 awards by March 15, 2018 at www.wscpa.org/community/awards

Chair’s Award William Simer, CPA For leading the WSCPA’s CEO Search Committee with dignity and integrity, generously sharing his time and wisdom

William Simer, CPA, WSCPA Chair for 2015-2016, served as Co-chair of the CEO Search Committee. He had previously led CEO searches for other organizations, and our WSCPA CEO Search Committee was able to benefit from his experience. “Bill led our process with dignity and integrity, generously sharing his time and wisdom with our committee members as well as with the candidates themselves,” said Dave Miniken, CPA, CGMA, WSCPA Chair for 2016-2017. “During the year I served as Board Chair, Bill’s contributions were so appreciated that I wanted to express my gratitude by honoring him with our Chair’s Award.” Bill is a tax partner in the Spokane office of EideBailly, a large regional firm headquartered in North Dakota.

www.wscpa.org

LIFETIME ACHIEVEMENT AWARD Recognizes a current or former WSCPA member for a career of leadership and dedicated service to the accounting profession and as an exemplary role model for other CPAs.

OUTSTANDING VOLUNTEER LEADER AWARD Recognizes an active WSCPA member for outstanding service and dedication and/or innovative and inspirational WSCPA leadership.

COMMUNITY LEADERSHIP AWARD Recognizes a WSCPA member whose respected leadership in community organizations has enhanced the image or public perception of CPAs.

NEW PROFESSIONALS AWARD Recognizes an active WSCPA member who has been a CPA for fewer than 10 years for outstanding WSCPA leadership.

COMPANY OR FIRM OF THE YEAR AWARD Recognizes a company or firm that provides noteworthy support to the WSCPA and its members.

RISING STAR AWARD Recognizes a WSCPA member who is in the process of obtaining a CPA License for active WSCPA leadership, dedication, and service.

SPECIAL AWARD Recognizes an individual who is not a CPA but has supported or promoted the activities of CPAs and the WSCPA.

CALL FOR NOMINATIONS Join the WSCPA Board of Directors The WSCPA Board Governance Committee is accepting nominations for the 2017-2018 Board of Directors. To submit a nomination, contact Helen Doty (hdoty@wscpa.org). Nominations are due by November 1.

WashingtonCPA Summer 2017

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ERISA/Retirement Plans for Small Employers

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Jan. 12 Marijuana Update

Oct. 6

Jan. 26 Federal Tax Update

Changes in Auditing

Oct. 20 Discussion on FASB Project Related

Feb. 2

to Revenue Recognition of Grants

Feb. 16 Managing Human Resource Issues

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Mar. 9

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Conquering Office Chaos! Governmental Accounting and Auditing

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The Risky Business of Fraud

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Cyber Breach

Professional Issues Update

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Free for WSCPA members ($40 each for non-members) Webinars are scheduled for Fridays, 12:00-1:00 p.m. Register for each webinar in advance. Earn one hour CPE credit per webinar.

Times and topics subject to change according to speaker availability.

REGISTER NOW! www.wscpa.org/freecpe 18

WashingtonCPA Summer 2017

www.wscpa.org


WASHINGTON CPA FOUNDATION

Celebrating the Future of the Profession: The Washington CPA Foundation Awards $300,000 in Scholarships! By Jackie Davidson, CPA, CGMA

O

n May 18th, the Washington CPA Foundation honored Foundation Circle Contributors and the 60 accounting students that received scholarships for the 2017-18 school year at a reception held in the Roy J. Polley Memorial Classroom at the WSCPA office in Bellevue.The scholarship recipients, listed on pages 20-26, are a distinguished group with impressive academic records, work ethics, and desire to pursue the career opportunities afforded by an accounting degree and the CPA designation. They represent 12 colleges and universities across the state, and a cross-section of juniors, seniors, and master’s students, as well as one doctoral candidate. This annual scholarship program is made possible by the work of a cadre of 55 scholarship review volunteers, whom we appreciate immensely. The selection process was rigorous, involving three rounds of review, such that 6-8 different reviewers read and ranked each application initially, then ranked applications were further evaluated in a second round, and finally, scholarship recipients were determined during an in-person meeting. It’s rewarding to award scholarships to deserving students and to find inspiration in their hard work, achievements and personal stories. And of course, this work is well-orchestrated by staff of the WSCPA, both to promote the opportunity to scholarship candidates and to organize the applications in a streamlined online system. Of the 60 scholarships awarded, 45 were awarded under the Certified Public Accounting Scholarship Program, a program funded by the state and administered by the Foundation. The remaining 15 scholarships were made possible by named scholarship contributors, endowments, or directly from the Foundation. www.wscpa.org

We are grateful for the contributors to the scholarship program: WSCPA members, organizations providing named scholarships, and established endowments. I want to encourage you to continue to support this important work, to enable us to drive continued scholarship support for deserving students. Thank you to each of the following organizations that support our work with named scholarships:

• Clark Nuber • CliftonLarsonAllen • EY • KPMG • Moss Adams • Peterson Sullivan • PwC • Sambataro Family Foundation • Shimer Family Foundation on behalf of Deloitte

Finally, we want to acknowledge those who established an ongoing legacy through their endowments: the Roy J. Polley Memorial Scholarship and the George J. Waterman Memorial Scholarship Funds. Please contact Kimberly Scott at kscott@wscpa.org if you would like to participate as a named scholarship provider or would like to include the Foundation in your estate planning.

The Foundation is committed to supporting the future of the profession by encouraging interest in the field of accounting and supporting highly qualified, prospective CPAs. In order to ensure a strong, qualified and diverse talent pool, one part of the work of the Foundation is this annual scholarship program. Equally important, we also have a grants program to support career development programs at the community college and pre-college levels. This year we made our initial grant awards totaling $20,000 to two outstanding programs, the Accounting Career Awareness Program (www.seattleacap. org) and College Access Now (www.collegeaccessnow.org). We expect the work of these programs will drive more interest in the profession, and provide more outstanding accounting students, prospective CPAs that are the future of our profession. Jackie Davidson, CPA, CGMA, is Chair of the Washington CPAXFoundation. Contact her at foundation@wscpa.org.

Thank you for your continued support of the future of the accounting profession. To make a contribution or to learn more about the Foundation, please visit www.wscpa.org/foundation, email foundation@wscpa.org, or call (425) 644-4800. WashingtonCPA Summer 2017

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WASHINGTON CPA FOUNDATION

2017-2018 Scholarships

Washington CPA Foundation Accounting Scholarship Michelle Bauer University of Washington

Washington CPA Foundation Accounting Scholarship Melanie Aamidor University of Washington - Tacoma

Moss Adams Accounting Scholarship

Connor Airis Western Washington University

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WashingtonCPA Summer 2017

Washington CPA Foundation Accounting Scholarship Yuen Allison Gonzaga University

Washington CPA Foundation Accounting Scholarship

Caitlyn Aune Washington State University - Pullman

Shimer Family Foundation Scholarship (on behalf of Deloitte) Isabel Beaulieu Gonzaga University

Washington CPA Foundation Accounting Scholarship Brad Benton Whitworth University

www.wscpa.org


WASHINGTON CPA FOUNDATION

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Roy J. Polley Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

CLA Accounting Scholarship

PwC Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Sarah Blazevic Gonzaga University

Danielle Bradley Pacific Lutheran University

Michelle Cao University of Washington

www.wscpa.org

Lynn Chaffee University of Washington

Shuting Chen Seattle University

Joseph Choe University of Washington

Roland Deex University of Washington

Ashley Do Seattle University

Abigail Edelman Seattle University

WashingtonCPA Summer 2017

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WASHINGTON CPA FOUNDATION

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Sambataro Family Scholarship

Jordan Ferry Gonzaga University

Sean Fitzpatrick University of Washington

Bryan Funk Washington State University - Pullman

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WashingtonCPA Summer 2017

Shelby Garrison University of Washington

Whitney Godby Western Washington University

Cheryl Harmon University of Washington

Michelle Henderson University of Washington

Jessica Hengy Eastern Washington University

Steinar Jennings Seattle University

www.wscpa.org


WASHINGTON CPA FOUNDATION

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

EY Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Meng Jin Seattle University

Ahmed Kameyab University of Washington

Nathaniel Kim University of Washington

www.wscpa.org

Prashneel Kumar University of Washington

Tara Lambert University of Wisconsin - Whitewater (Doctoral Candidate)

Thu Le University of Washington - Tacoma

Boram Lee University of Washington

Li Liu University of Washington - Bothell

John Lynn Eastern Washington University

WashingtonCPA Summer 2017

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WASHINGTON CPA FOUNDATION

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Brooke McKinnon University of Washington

Carlos Montemayor Seattle University

Matthew Mortimer Gonzaga University

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WashingtonCPA Summer 2017

Chad Norris Seattle University

Chelsea O’Brien University of Washington - Tacoma

Alexandria Ott University of Washington

Washington CPA Foundation Accounting Scholarship Anna Podany Seattle University

Chase Ronderos Gonzaga University

Michelle Rouse Gonzaga University

www.wscpa.org


WASHINGTON CPA FOUNDATION

KPMG Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Roy J. Polley Accounting Scholarship

Washington CPA Foundation Accounting Scholarship Emily Schmidt Gonzaga University

Peterson Sullivan Scholarship

Lindsey Stover Seattle Pacific University

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Roy J. Polley Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Vladislav Rudenko University of Washington

Kourtney Schott Gonzaga University

www.wscpa.org

Jeanette Silvernale Seattle Pacific University

Trey Takara Seattle University

Analuz Torres Gonzaga University

Jenifer Tran Western Washington University

Tserenlkham Tsogbadrakh Whitworth University

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WASHINGTON CPA FOUNDATION

Washington CPA Foundation Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

PwC Accounting Scholarship

Roy J. Polley Accounting Scholarship

Washington CPA Foundation Accounting Scholarship

Clark Nuber Accounting Scholarship

Daniel Verburg University of Washington

Katherine Walter University of Washington

Valerie Wirfel Gonzaga University

John Wollam Washington State University - Vancouver

Tomoki Yamaguchi University of Washington

Nicole Zimmerman Eastern Washington University

Help Select Next Year’s Scholarship Recipients JOIN THE SCHOLARSHIP REVIEW TEAM

Washington CPA Foundation Accounting Scholarship Kady Whittaker University of Washington - Tacoma

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WashingtonCPA Summer 2017

Washington CPA Foundation Accounting Scholarship Yawen Wu Seattle University

Do you want to help give away over $300,000 in scholarships? Are you interested in helping students achieve their dream of becoming a CPA? Are you available during February and March to participate in online training and review scholarship applications? Join the Washington CPA Foundation's Scholarship Review Team! Email foundation@wscpa. org for more details. www.wscpa.org


www.wscpa.org

WashingtonCPA Summer 2017

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© Monette Anderson Photography

© Monette Anderson Photography

PHOTO ALBUM

2017 Golf Tournament at Bear Creek Country Club

© Katrina Shelby Photography

Rich Jones’ Retirement Party at the Woodmark Hotel

© Lincoln and Lucy Photography

© Katrina Shelby Photography

2017 Leadership Lens Breakfast at the Woodmark Hotel.

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2017 Women’s Leadership Summit at Meydenbauer Center.

2017 Foundation Reception at the2017 WSCPA WashingtonCPA Summer Bellevue Office

www.wscpa.org


CYBERSECURITY

New AICPA Cybersecurity Risk Management Reporting Framework Explained

P

What is a Cybersecurity Risk Management Program? A cybersecurity risk management program is a set of policies, processes, and controls designed to: • protect information and systems from security events that could compromise the achievement of cybersecurity objectives; • detect, respond to, mitigate, and recover from security events that are not prevented. While organizations use any number of methods, controls and frameworks to develop their cybersecurity risk management programs, until now, no common language existed for communicating and reporting on companies’ efforts. To address this, the AICPA’s Assurance Services Executive Committee (ASEC) and Auditing Standards Board (ASB) recently released a cybersecurity risk management reporting framework that aligns with those existing methods, controls and frameworks companies currently employ to manage cybersecurity risks. www.wscpa.org

© iStock by Getty Images/Jirsak

ublic and private organizations of all sizes have come to terms with an unfortunate new normal: cybersecurity attacks are not a matter of “if,” but “when.” The American Institute of CPAs (AICPA) has been rigorously exploring ways the profession can help companies evaluate and report on their cybersecurity risk management programs, and supply key stakeholders with crucial information about those programs. “Our market-driven, flexible and voluntary cybersecurity risk management reporting framework builds upon the profession’s experience in auditing system and organization controls,” said AICPA Executive Vice President Susan S. Coffey, CPA, CGMA. “It creates a common language for reporting that enables companies to demonstrate that they are taking a strategic, agile approach to addressing cybersecurity that is integrated with broader enterprise risk management efforts.” Resources for Implementing the Framework To help organizations use the framework to communicate about, and CPAs to report on cybersecurity risk management programs, the AICPA has produced three resources: two sets of distinct but complementary criteria and an attestation guide. The AICPA’s description criteria are for use by an organization’s management to explain its cybersecurity risk management program in a consistent manner, as well as for use by CPAs to report on management’s description. CPAs will use control criteria to provide advisory or attestation services to evaluate and report on the effectiveness of the controls within a client’s program. “We developed our criteria to promote consistency and comparability of cybersecurity information provided by different entities. They constitute what is analogous to a US GAAP or IFRS for

financial reporting, but in this case, for cybersecurity risk management reporting,” said Coffey. “Cybersecurity experts, regulators and senior leaders of organizations and firms informed our efforts. Additionally, we looked at the information needs of board members, analysts, investors, business partners, regulators and other users.” In May, the AICPA released the third resource, an attestation guide entitled Reporting on an Entity’s Cybersecurity Risk Management Program and Controls, which assists CPAs engaged to examine and report on an entity’s cybersecurity risk management program. Many Ways to Support Stakeholders Using the framework, CPAs can better serve client needs and protect the public interest. “We’ve created an engagement that takes a consistent professionand market-driven approach, allowing CPAs to examine and report on an entity’s cybersecurity measures in a way that addresses the information needs of a broad range of users,” said Coffey. “We think this will provide organizations with a level of comfort that they’ve adequately considered the best practices covered by the most commonly referenced control and cybersecurity frameworks, regardless of which cybersecurity risk management frameworks they’ve chosen to implement internally.” Recognizing that companies’ risk management maturity varies across the WashingtonCPA Summer 2017

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CYBERSECURITY

market, the AICPA developed the framework so that CPAs can better advise clients on cybersecurity readiness and prepare companies that are considering a cybersecurity attestation engagement. Within businesses, CPAs and CGMAs can provide risk management insight and introduce stakeholders to the framework as a means of strengthening and communicating about cybersecurity risk management programs.

Learn More “Cybersecurity is one of the greatest challenges of our time, and serving the market in this area is a natural outgrowth of the services and skillsets our profession already provides,” said Kimberly Scott. “I encourage our members to study the new cybersecurity reporting framework, use it in their own firms and organizations and recommend it when appropriate to their clients or employers.”

Look for the reporting framework atxaicpa.org/cybersecurityriskmanagement. There, you’ll find the free description criteria, plus a fact sheet, backgrounder, illustrative report and other valuable free resources. In addition, the site contains links to the control criteria and attestation guide. For additional information, events, and news on cybersecurity, visit the AICPA’s Cybersecurity Resource Center. Originally published by American City Business Journals. Reprinted with permission.

CYBERSECURITY WEBCAST Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization with Robert Minniti What is cyber fraud and how can it affect your organization? How can you protect your company from cyber fraud? This webcast will help you understand the risks associated with cyber frauds. Topics will include: • • • • • •

Types of Cyber Frauds Ransomware Data Breaches Social Engineering Policies for Increased Security Internal Controls

Wed, July 19, 2017 10:00 a.m. - 2:00 p.m. Members: Non-Members: CPE:

$159 $199 4 credit hours

“Cybersecurity is one of the greatest challenges of our time, and serving the market in this area is a natural outgrowth of the services and skillsets our profession already provides. I encourage our members to study the new cybersecurity reporting framework, use it in their own firms and organizations and recommend it when appropriate to their clients or employers.” - Kimberly Scott

Register now! www.wscpa.org/databreach

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RISK MANAGEMENT

6 Tips for Successful Enterprise Risk Management By Ash Noah, CPA, CGMA, VP of CGMA External Relations, AICPA

Implementation Tips for Success ERM differs from traditional approaches to risk oversight that focus on managing silos or distinct pockets of risks. ERM emphasizes a top-down, holistic view of key risks potentially affecting an organization’s ability to achieve its objectives. www.wscpa.org

It’s not just about protecting the organization’sxtangiblexandxfinancial assets; rather, ERM focuses on the enterprise-wide risks that have the potential to derail your business strategy. Implementing ERM in an organizationxshouldxnotxbexburdensome, however. Here are a few tips to help you get started:

1. Get buy-in from the top. ERM must start at the top with the board and CEO, and include the senior management team being committed to implementing a formal process and proactively managing risks. Also ensure that the importance of ERM and why it’s being implemented is communicated to all levels in the organization. 2. Talk with your CFO. As financial leaders, they are already deeply involved in managing traditional and financial risks, and thus play a critical role in understanding how a structured way of managing business risks will better help to identify and mitigate issues that can take your organization off track. 3. Perform a risk process inventory. Take a look at what your organization is already doing to mitigate risk to avoid duplication of efforts. Your organization may already be doing a quite a bit in the risk area, so when you implement a program you won’t necessarily need to engage in a whole new set of activities that’ll increase the team’s workload. 4. Adopt a framework. Research and adopt a risk management framework that works for your organization.The framework suggested by COSO is a robust and popular version. 5. Pinpoint the biggest threats. Work across the enterprise to identify the risks which have the highest impact and the highest likelihood to occur. This

©iStock by Getty Images/xijian

G

iven the increasingly digital and interconnected global environment, business risks are occurring with greater frequency and velocity than ever before. Boards and senior management know this and are calling for more effective risk oversight, including the adoption of a holistic approach to risk management known as “Enterprise Risk Management” or ERM. A recent survey by the American Institute of CPAs (AICPA) and North Carolina State University, however, found that only 28 percent of companies have a complete ERM process in place. Additionally, less than half of companies have a partial ERM process in place, with some, but not all risks addressed. Those are pretty low numbers. Many people associate the term ERM with a big enterprise initiative — and something too formal, burdensome and unnecessary for an organization to take on, especially if it’s not mandated. Even for companies that do have ERM in place, its true value often isn’t realized since it’s perceived as a mundane “checking the box” exercise. However, risk impacts everyone. It’s not limited to any one industry or size company. And the value that ERM can provide to large and small organizations alike should not be overlooked. In this environment of unprecedented risk, ERM is imperative. If companies want to create and maximize value for their shareholders and stakeholders, they must approach and evaluate risk in a very systematic way.

will allow you to focus on major target areas instead of putting effort on every little risk that doesn’t represent a big threat. Use tools such as the CGMA Risk Heat Map to make this process simple.

6. Keep processes up to date. Implementing an ERM process is not a one-off exercise. Review the risk registers and mitigation plans regularly to keep them up to date and ready for deployment. ERM, if not viewed as an exercise in compliance, is an opportunity to empower your organization. Engaging in risk management in a systematic way — including looking holistically both within your own organization as well as at external risks that may impact your organization — will improve business performance and governance, and is critical in this volatile business environment. Originally published by American City Business Journals. Reprinted with permission. WashingtonCPA Summer 2017

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EVENTS

WSCPA NETWORKING EVENTS www.wscpa.org/events

2017 BELLINGHAM BREWERS CRUISE Cruise around beautiful Bellingham & Chuckanut Bay on July 26 with the WSCPA Bellingham Chapter! This summer cruise is an hour and a half and includes snacks and three beer tastings from three different Northwest breweries. Date Time Location

Wednesday, July 26, 2017 6:00 p.m. - 8:00 p.m. San Juan Cruises, Bellingham

This is a Bellingham Chapter member appreciation event and the chapter is offering tickets at a discount to members. Members $25 | Non-members $40

MEMBERS’ RECEPTION AT WOODMARK HOTEL 2017

Come mingle with your peers on the shores of Lake Washington at the Woodmark Hotel. The Members’ Reception— a member-only event—is one of the largest annual networking events and a great opportunity to meet your fellow members. There is no cost to attend for members, but registration in advance is required.

Date Time Location

Thursday, August 17, 2017 6:00 p.m. - 8:30 p.m. Woodmark Hotel Yacht Club & Spa, Kirkland, WA

Register early! Space is limited and you won’t want to miss this opportunity to enjoy light appetizers, drinks, and plenty of networking! www.wscpa.org/events | (425) 644-4800

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CPE DIGEST Tagged especially for you!

STAFF TRAINING with Sara Bee

Federal Taxation of Legal Marijuana DATE Tuesday, August 8

INSTRUCTORS George Koutelieris + Gregory White

LOCATIONS Bellevue + Webcast

CPE CREDITS 4 technical

Financial Accounting & Reporting Standards: The Annual Update and Review ... with

WALTER J. HAIG DATE Thurs-Fri, August 17-18

h in g Was tate ton S

ETHICS HUGH | NEILL | RIGOS LIVE + WEBCASTS

INSTRUCTOR Walter J. Haig, CPA

Coming soon!

Race Toward Implementation: Tackling the Tough Issues in Adopting the New Revenue Recognition Standard

REGISTER NOW www.wscpa.org/tag (425) 644-4800

www.wscpa.org

18ARSUKAU

DATE Tuesday, August 15 LOCATIONS Bellevue + Webcast CPE CREDITS 8 technical credits

Estate and Gift Taxation: Planning and Compliance DATE Thursday, August 24 INSTRUCTOR Don Cochran

Washington Tax and New Developments by Mark Hugh DATE INSTRUCTOR LOCATION CPE CREDITS

August 16 Mark Hugh, CPA Bellevue 8 technical

STATE

TAX

98005

CFO SERIES

LOCATION The Coeur d'Alene, Coeur d'Alene, ID CPE CREDITS 16

2017

Annual Accounting Update for Accountants WashingtonCPA Summer 2017 in Industry 33


Register at www.wscpa.org/store or page 45

EDUCATION AND EVENTS Date

CPE Credits

#

Course

Code

Type

EVENTS BY LOCATION WSCPA education and events scheduled for July - October 2017 are listed below, chronologically by location. If you are looking for a program in another location, it may be scheduled for later in the year. Using the online CPE & Event Catalog at www.wscpa.org/store, you can search by location. LEARN MORE To view complete course details, please visit the CPE & Event Catalog at www.wscpa.org/store.

Date

CPE Credits

#

WSCPA NonAICPA Member Member Member Discount Fee Fee

NEW CPE events

Location A&A BI

added throughout year to: www.wscpa.org/store

CS EB Ethics FPS

SUBJECTS The main subject area is listed for each program.

GNP MG PD SK TAX

NEED HELP finding a seminar or webcast? Call (800) 272-8273 or (425) 644-4800.

TEC

Subject

Accounting and Auditing Business & Industry Consulting Services Employee Benefits Ethics Financial Planning Svcs Government / NFP Management Personal Development Specialized Knowledge Taxation Technology

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Best Practices for Payroll Taxes and 1099 Issues, 8am-4pm

18GPTJL

305

405

-30

WSCPA

TAX

Webcast also available

18WWGPTJL

295

395

-30

Webcast

Cut Your Client’s Tax Bill: Individual Tax Planning Tips and Strategies, 8am-4pm

18CYCTJL

305

405

-30

WSCPA

Webcast also available

18WWCYCTJL

295

395

-30

Webcast

Determining How Much Money You Need to Retire, and Tax Ideas and Money Management in Retirement, 8am-4pm

18DRMMJL

320

420

WSCPA

Webcast also available

18WWDRMMJ

310

410

Webcast

Social Security, Medicare, and Prescription Drug Retirement Benefits: What Every Baby Boomer Needs to Know Now, 8am-4pm

18SSRBJL

320

420

WSCPA

Webcast also available

18WWSSRBJL

310

410

Webcast

Comprehensive Guide to Tax Depreciation, Expensing, and Property Transactions, 8am-4pm

18TDAPJL

320

420

WSCPA

Webcast also available

18WWTDAPJL

310

410

Webcast

Annual Accounting Update for Accountants in Industry-2017, 8am-4pm

18AAUIAU

305

405

WSCPA

Webcast also available

18WWAAUIA

295

395

Webcast

Financial Statement Presentation and Disclosure-2017, 8am-4pm

18FSPDAU

305

405

WSCPA

Webcast also available

18WWFSPDA

295

395

Webcast

Cutting Edge Tax Strategies: Representing Clients in IRS Audits and Appeals (including the New Partnership Audit Rules), 12:30pm-4pm

18GGRCIRSA

155

205

WSCPA

Webcast also available

18WWGGRCIR

140

188

Webcast

Federal Taxation of Legal Marijuana, 8am-11:30am

18GGFTLMAU

155

205

WSCPA

Webcast also available

18WWGGFTLM

140

188

Webcast

Partnership and LLC Taxation: Cutting Edge Tax Strategies for Entities Taxed as Partnerships, 8am-4pm

18GGPLTAU

310

410

WSCPA

Webcast also available

18WWGGPLT

300

400

Advanced Controller and CFO Skills, 8am-4pm

18ACCSAU

305

405

-30

WSCPA

Webcast also available

18WWACCS

295

395

-30

Webcast

Common U.S. GAAP Issues Facing CPAs, 8am-4pm

18FRUAU

305

405

-30

WSCPA

-30

Webcast

Type

Bellevue 7/20

8

7/21

8

7/24

8

7/25

8

7/26

8/3

8/4

8

8

8

8/8

4

8/8

4

8/9

8

8/10

8

8/14

8

Webcast also available

18WWFRUAU

295

395

8/14

8

Compilations Reviews & New Prep Engagement Performance & Annual Update, 8am-4pm

18CRAUAU

320

420

8/15

8

Construction Contractors: Accounting, Auditing and Tax, 8am-4pm

18CAATAU

305

405

 Non-tech credits |

34

TAX

TAX

TAX

A&A

A&A

TAX

TAX

TAX

Webcast

-30

MG

A&A

WSCPA

A&A

WSCPA

A&A

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

WashingtonCPA Summer 2017

TAX

Networking event

www.wscpa.org


Register at www.wscpa.org/store or page 45 Date

CPE Credits

#

EDUCATION AND EVENTS

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Race Toward Implementation: Tackling the Tough Issues in Adopting the New Revenue Recognition Standard, 8am-4pm

18NRRSAU

310

410

WSCPA

A&A

Webcast also available

18WWNRRSA

300

400

Webcast

Washington Tax and New Developments, 8am-4pm

18WSTXAU16

305

405

WSCPA

TAX

Type

8/15

8

8/16

8

8/21

8

Financial Management for the Closely Held Business, 8am-4pm

18FINFMAU

250

350

WSCPA

PD

8/23

0

Small Firm Career Fair, 1pm-4pm

18SFCF23

0

0

WSCPA

PD

8/24

8

Estate and Gift Taxation: Planning and Compliance, 8am-4pm

18EGTPAU

310

410

WSCPA

TAX

Webcast also available

18WWEGTPA

300

400

Webcast

8/24

16

Staff Training Basic-Level 1, 8am-4pm

18STPBAU

675

775

WSCPA

A&A

8/25

8

Multi-State Taxation of Businesses, 8am-4pm

18MSTBAU

310

410

WSCPA

TAX

Webcast also available

18WWMSTBA

300

400

Webcast

8/28

16

Partnership Taxation, 8am-4pm

18PTSAU

565

665

WSCPA

TAX

9/5

16

Staff Training Semi-Senior-Level 2, 8am-4pm

18STPSSST

675

775

WSCPA

A&A

9/6

8

Preparation, Compilation and Review Standards: the Best Annual Update and Review of the SSARS by Walter J. Haig, 8am-4pm

18CRURST

325

425

WSCPA

A&A

Webcast also available

18WWCRURS

9/7

8

9/8

8

9/13

8

315

415

Webcast

Preparing Financial Statements for Small- and Medium-Sized Businesses: 18PFSSMEST The Best Annual Update and Review of U.S. GAAP, Tax and Cash Financial Reporting Frameworks by Walter J. Haig, 8am-4pm

325

425

WSCPA

Webcast also available

18WWPFSSM

315

415

Webcast

The Business Financial Health Checkup: A Process to Identify Misstatements and Profitability Roadblocks using Analytical Procedures as the Primary Tool by Walter J. Haig, 8am-4pm

18BFHCST

325

425

WSCPA

A&A

Northwest Accounting Educators Conference 2017, 8am-5pm

18NAEC

350

350

WSCPA

SK

350

350

Webcast

A&A

Webcast also available

18WWNAEC

9/14

8

Employment Law Update: Key Risks and Recent Trends, 8am-4pm

18LAWUST

305

405

-30

WSCPA

MG

9/15

8

Transforming Your Role as Controller to Business Partner, 8am-4pm

18COBPST

305

405

-30

WSCPA

MG

9/25

8

CFO Series: Corporate Finance Skills, 8am-4pm

18CFO2ST

305

405

WSCPA

MG

9/26

8

Build Your Team: Get Results, 8am-4pm

18BYTST

305

405

WSCPA

MG

10/3

8

Common Frauds and Internal Controls for Revenue, Purchasing and Cash Receipts, 8am-4pm

18CFICOC

305

405

-30

WSCPA

A&A

Webcast also available

18WWCFIC

295

395

-30

Webcast

10/3

8

Revenue Recognition: Mastering the New FASB Requirements, 8am-4pm

18INRROC

305

405

-30

WSCPA

A&A

10/4

8

Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors, 8am-4pm

18ICDADOC

305

405

-30

WSCPA

A&A

Webcast also available

18WWICDAD

295

395

-30

Webcast

10/4

8

Leases: Mastering the New FASB Requirements, 8am-4pm

18LEASOC

305

405

-30

WSCPA

A&A

10/9

8

Triple Your Memory, Prevent Dementia, and Halve Your Stress, 8am-4pm

18TYMCOC

305

405

WSCPA

PD

10/10

8

Getting on Top of It All: The New Science of Increasing Productivity in Yourself and Others, 8am-4pm

18GOTOC

305

405

WSCPA

PD

10/11

8

Annual Accounting & Auditing Update, 8am-4pm

18ACAUOC

320

420

WSCPA

A&A

Webcast also available

18WWACAU

310

410

Webcast

10/12

8

Advanced Concepts in SSARS 21 and Nonattest Services: Are You Certain You Are in Compliance?, 8am-4pm

18SS21OC

320

420

WSCPA

Webcast also available

18WWSS21

310

410

Webcast

10/17

8

Excel Financial Reporting and Analysis, 8am-4pm

18EFRMROC

305

405

WSCPA

Webcast also available

18WWEFR

295

395

Webcast

10/18

8

Budgeting and Forecasting Tools and Techniques, 8am-4pm

18BFTAUOC

305

405

WSCPA

TEC

10/18

8

CFO Series: Keeping Up with Technology, 8am-4pm

18CFO4OC

305

405

WSCPA

TEC

Webcast also available

18WWCFO4

295

395

Webcast

 Non-tech credits |

www.wscpa.org

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

A&A

TEC

Networking event

WashingtonCPA Summer 2017

35


Register at www.wscpa.org/store or page 45

EDUCATION AND EVENTS Date

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

2017 Bellingham BREWers Cruise, 6pm-8pm

18CHBLJL26

25

40

San Juan Cruises

PD

Financial Accounting and Reporting Standards: The Annual Update and Review of GAAP, the Tax and Cash Special Reporting Frameworks, and the AICPA’s Preparation, Compilation, Review and Audit Standards by Walter J. Haig, 8am-4pm

18ARSURJL

610

710

Campbell’s Resort

A&A

16

Financial Accounting and Reporting Standards: The Annual Update and Review of GAAP, the Tax and Cash Special Reporting Frameworks, and the AICPA’s Preparation, Compilation, Review and Audit Standards by Walter J. Haig, 8am-4pm

18ARSURAU

610

710

The Coeur d’Alene

A&A

0

Members’ Reception at Woodmark Hotel 2017, 6pm-8:30pm

18NPAU17

0

0

Woodmark Hotel

PD

CPE Credits

#

Type

Bellingham 7/26

0

l S

Chelan 7/20

16

Coeur d’Alene 8/17

Kirkland 8/17

At Your Desk - Virtual Classroom 9/21

16

VIRTUAL CLASSROOM Excel Boot Camp: Two Days of Intensive Excel Training WEBCAST, 8am-4pm

18WWEBC

515

615

Webcast

TEC

9/25

4

VIRTUAL CLASSROOM Maximizing Your Social Security Benefits, 8am-11:30am

18VCSSR4ST

110

160

Webcast

TAX

9/25

4

VIRTUAL CLASSROOM Individual Income Tax Return Mistakes and How to Fix Them, 12:30pm-4pm

18VCINB4ST

110

160

Webcast

TAX

9/26

4

VIRTUAL CLASSROOM Mastering Basis Issues for S Corporations, Partnerships, and LLCs, 8am-11:30am

18VCHMB4ST

110

160

Webcast

TAX

9/26

4

VIRTUAL CLASSROOM Individual Income Tax Update, 12:30pm-4pm

18VCBIT4ST

110

160

Webcast

TAX

9/27

4

VIRTUAL CLASSROOM Current Issues in Accounting and Auditing: An Annual Update, 8am-11:30am

18VCAAU4ST

110

160

Webcast

A&A

9/27

4

VIRTUAL CLASSROOM Meet Your Next Migraine: Five Critical Issues That Will Confront A&A Public Accountants In 2017, 12:30pm-4pm

18CIA4ST

110

160

Webcast

A&A

9/28

4

VIRTUAL CLASSROOM Guide to SSARS No. 21 Preparation of Financial Statement and Compilation Engagements, 8am-11:30am

18VCCOM4ST

110

160

Webcast

A&A

9/28

4

VIRTUAL CLASSROOM Statement of Cash Flows: Preparation Guidance and Presentation Illustrations., 12:30pm-4pm

18VCFLO4ST

110

160

Webcast

A&A

9/29

4

VIRTUAL CLASSROOM S Corporation, Partnership, and LLC Tax Update, 8am-11:30am

18VCBCP4ST

110

160

Webcast

TAX

9/29

4

VIRTUAL CLASSROOM Taking Your Medicine: Health Care in 2017, 12:30pm-4pm

18VCOBC4ST

110

160

Webcast

TAX

At Your Desk - Webcasts and Webinars 7/20

8

Estate Planning: A Comprehensive Overview WEBCAST, 8:30am-4pm

18WBCJL20A

245

375

Webcast

TAX

7/20

2

Expense Management via the Cloud WEBINAR, 9am-11am

18WNCJL20A

79

99

Webinar

TEC

7/20

2

Preparing your Practice for Sale and Selling It! WEBCAST, 10am-12pm

18WBAJL20B

79

109

Webcast

MG

7/20

8

Retirement Advising: Accumulation and Decumulation Strategies WEBCAST, 8:30am-4pm

18WBCJL20B

245

375

Webcast

FPS

7/20

2

Tax Practice Ethical and Legal Standards WEBCAST, 10am-12pm

18WBAJL20C

79

109

Webcast

SK

7/20

4

Tax Research 1 WEBCAST, 10am-2pm

18WBBJL20A

159

199

Webcast

TAX

7/20

1

Understanding Your Unclaimed Property Requirements WEBCAST, 9am-10am

18WBAJL20A

39

59

Webcast

TAX

7/21

2

Enjoy Technology’s Benefits Without Dehumanizing the Office WEBINAR, 9am-11am

18WNCJL21A

79

99

Webinar

TEC

7/21

2

Excel: Using Charts for a Non-Financial Audience WEBINAR, 10am-12pm

18WNCJL21B

79

99

Webinar

TEC

 Non-tech credits |

36

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

WashingtonCPA Summer 2017

Networking event

www.wscpa.org


Register at www.wscpa.org/cpe/catalog or page 44

CONFERENCES

2017 Conferences Great topics - phenomenal speakers opportunities too amazing for you to miss!

Sep. 13

Northwest Accounting Educators

Oct. 31 - Nov. 1

Pacific Tax Institute

Nov. 7-8

Not-For-Profit and Health Care

Nov. 15

Accounting and Auditing

Nov. 16

Construction Industry

REGISTER NOW www.wscpa.org/conferences | (425) 644-4800 Interested in sponsoring a 2017 conference? Contact Jocelyn Nystrom | jnystrom@wscpa.org | (425) 586-1114 webcast available webcast available

www.wscpa.org

WashingtonCPA Summer 2017

37


Register at www.wscpa.org/store or page 45

EDUCATION AND EVENTS Date

CPE Credits

#

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Type

7/21

8

Social Security Basics and Strategies For Maximizing Benefits WEBCAST, 8:30am-4pm

18WBCJL21A

245

375

Webcast

FPS

7/24

8

Business Succession Planning and Exit Strategies WEBCAST, 8:30am-4pm

18WBCJL24A

245

375

Webcast

BI

7/24

4

Corporate Tax Planning: Actual and Constructive Distributions WEBCAST, 12:30pm-4pm

18WBCJL24B

120

188

Webcast

TAX

7/24

8

Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors WEBCAST, 7:30am-3:30pm

18WBBJL24A

249

319

Webcast

A&A

7/24

2

Performance Auditing Essentials WEBINAR, 10am-12pm

18WNCJL24A

79

99

Webinar

A&A

7/25

2

Big Data and Data Analytics: What They’re All About WEBINAR, 8:30am-10:30am

18WNCJL25A

79

99

Webinar

TEC

7/25

2

Individual Tax Update and Recent Developments WEBINAR, 7am-9am

18WNCJL25B

79

99

Webinar

TAX

7/25

8

Stocks, Bonds and Mutual Funds: A Comprehensive Guide to Successful Investing WEBCAST, 8:30am-4pm

18WBCJL25A

245

375

Webcast

FPS

7/25

4

The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them WEBCAST, 10am-2pm

18WBBJL25A

159

199

Webcast

A&A

7/26

8

Budgeting and Forecasting Tools and Techniques WEBCAST, 8:30am-4pm

18WBCJL26A

245

375

Webcast

TEC

7/26

4

Fraud: Recent Findings, Red Flags and Corruption Schemes WEBCAST, 10am-2pm

18WBBJL26A

159

199

Webcast

A&A

7/26

2

Leaders Eat Last: The Characteristics of Great Leaders WEBINAR, 9am-11am

18WNCJL26A

79

99

Webinar

MG

7/26

8

Living Trust Administration Workshop WEBCAST, 8:30am-4pm

18WBCJL26B

245

375

Webcast

TAX

7/27

6

Capitalized Costs and Depreciation: Key Issues and Answers WEBCAST, 7am-2pm

18WBBJL27A

159

199

Webcast

TAX

7/27

2

Excel: Advanced Spreadsheet Troubleshooting Techniques WEBINAR, 8am-10am

18WNCJL27A

79

99

Webinar

TEC

7/27

8

Financial Planning for the Big Picture WEBCAST, 1pm-9pm

18WBAJL27A

195

245

Webcast

BI

7/27

8

Mitigation of International Double Taxation WEBCAST, 8:30am-4pm

18WBCJL27A

245

375

Webcast

TAX

7/28

8

Accounting Fraud WEBCAST, 8:30am-4pm

18WBCJL28A

245

375

Webcast

A&A

7/28

2

Improve Your Profit: Identify Cost Cutting Opportunities WEBINAR, 9am-11am

18WNCJL28A

79

99

Webinar

A&A

7/28

8

Private Company Reporting Options: More Changes Ahead WEBCAST, 8:30am-4pm

18WBCJL28B

245

375

Webcast

A&A

7/28

4

What Every CPA Should Know About Fraud WEBCAST, 12:30pm-4pm

18WBCJL28C

120

188

Webcast

A&A

7/31

8

Affordable Care Act: Tax Favored Health Care Plans After ACA WEBCAST, 8:30am-4pm

18WBCJL31A

245

375

Webcast

TAX

7/31

8

Corporate Tax Planning: Strategies and Ideas WEBCAST, 8:30am-4pm

18WBCJL31B

245

375

Webcast

TAX

7/31

8

S Corporation Fundamentals WEBCAST, 7:30am-3:30pm

18WBBJL31A

249

319

Webcast

TAX

8/1

2

Excel: Format Your Spreadsheets for Maximum Impact WEBINAR, 9am-11am

18WNCAU01B

79

99

Webinar

TEC

8/1

1

Medicare and Its Gaps: What You and Your Clients Simply MUST Know WEBCAST, 11am-12pm

18WBAAU01C

9.75

60

Webcast

FPS

8/1

8

Passive Activities and Rental Real Estate Income Tax Issues WEBCAST, 8:30am-4pm

18WBCAU01A

245

375

Webcast

TAX

8/1

2

S Corporations: How to Calculate the Owner’s Basis in S Corporation Stock WEBINAR, 8am-10am

18WNCAU01A

79

99

Webinar

TAX

8/1

1

Social Security 201: Mastering the Client Mysteries WEBCAST, 9am-10am

18WBAAU01A

9.75

60

Webcast

FPS

8/1

1

Social Security 202: Advanced Client Strategies Update WEBCAST, 10am-11am

18WBAAU01B

9.75

60

Webcast

FPS

8/2

4

Fraud in the Cloud: New Risks in a New Environment WEBCAST, 8am-12pm

18WBAAU02A

129

159

Webcast

A&A

 Non-tech credits |

38

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

WashingtonCPA Summer 2017

Networking event

www.wscpa.org


Register at www.wscpa.org/store or page 45 Date

CPE Credits

#

EDUCATION AND EVENTS

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Type

8/2

8

IRAs: Contributions & Distributions for Traditional, Roth, SEP & SIMPLE IRAs WEBCAST, 8:30am-4pm

18WBCAU02A

245

375

Webcast

TAX

8/3

2

Fiduciary Accounting for Estates and Trusts WEBINAR, 8:30am-10:30am

18WNCAU03A

79

99

Webinar

A&A

8/3

8

S Corporation Taxation: Cutting-Edge Tax Strategies WEBCAST, 8:30am-4pm

18WBCAU03A

245

375

Webcast

TAX

8/3

2

The CFO: 5 Critical Skills to Become a Leader WEBINAR, 8am-10am

18WNCAU03B

79

99

Webinar

MG

8/4

2

Business Lessons from the Dance Floor: Leadership Secrets from Fred & Ginger WEBCAST, 10am-12pm

18WBAAU04A

79

109

Webcast

BI

8/4

8

Not-for-Profit Organizations: Accounting and Auditing Principles and Applications WEBCAST, 8:30am-4pm

18WBCAU04A

245

375

Webcast

A&A

8/4

8

Partnership and LLC Taxation: Cutting-Edge Tax Strategies for Entities Taxed as Partnerships WEBCAST, 8:30am-4pm

18WBCAU04B

245

375

Webcast

TAX

8/7

2

Audit Methodologies and Documentation WEBINAR, 12pm-2pm

18WNCAU07A

79

99

Webinar

A&A

8/7

8

Introduction to Business Acquisitions WEBCAST, 7:30am-3:30pm

18WBBAU07A

249

319

Webcast

TAX

8/7

8

S Corporations: The Fundamentals and More WEBCAST, 8:30am-4pm

18WBCAU07A

245

375

Webcast

TAX

8/7

4

E

Washington CPA Ethics and New Developments 2017 by Mark Hugh (A WA Requirement) WEBCAST, 8am-12pm

18WBAAU07A

164

194

Webcast

Ethics

8/7

2

Y

What You Need to Know to Audit Government Programs WEBINAR, 9am-11am

18WNCAU07B

79

99

Webinar

GNP

8/8

8

Excel Pivot Tables: Powerful and Not Hard to Use … Really! WEBCAST, 8:30am-4pm

18WBCAU08A

245

375

Webcast

TEC

8/8

2

Financial Accounting for Related Party Transactions WEBINAR, 11am-1pm

18WNCAU08A

79

99

Webinar

A&A

8/8

4

Washington B&O Tax and New Developments 2017 by Mark Hugh WEBCAST, 8am-12pm

18WBAAU08A

129

159

Webcast

TAX

8/8

4

Washington Sales Tax and New Developments 2017 by Mark Hugh WEBCAST, 12pm-4pm

18WBAAU08B

129

159

Webcast

TAX

8/9

8

2017 Governmental Accounting & Auditing Update WEBCAST, 7am-3pm

18WBAAU09A

195

245

Webcast

GNP

8/9

8

Avoiding Tax Malpractice WEBCAST, 8:30am-4pm

18WBCAU09A

245

375

Webcast

TAX

8/9

2

Closing Best Practices: Shortening Month End WEBINAR, 9am-11am

18WNCAU09A

79

99

Webinar

A&A

New Financial Reporting Requirements for Nonprofits WEBCAST, 8am-12pm

18WBAAU09B

129

159

Webcast

GNP

Y

Y

8/9

4

8/9

8

The Top Ten Business Myths WEBCAST, 8:30am-4pm

18WBCAU09B

245

375

Webcast

BI

8/10

2

Capital Gains Tax Strategies for Advanced Transactions WEBINAR, 7am-9am

18WNCAU10A

79

99

Webinar

TAX

8/10

8

Clients for Life: Retain Your Top Clients to Maximize Business Growth WEBCAST, 8:30am-4pm

18WBCAU10A

245

375

Webcast

BI

8/10

2

Microsoft Power BI: Fundamentals of Power Query WEBINAR, 9am-11am

18WNCAU10B

79

99

Webinar

TEC

8/11

2

Critical Thinking Skills for Finance and Accounting Professionals WEBINAR, 9am-11am

18WNCAU11A

79

99

Webinar

PD

8/11

8

Financial Performance Reporting WEBCAST, 8:30am-4pm

18WBCAU11A

245

375

Webcast

A&A

8/14

8

Compilations and Reviews: Risks, Procedures and Fraud WEBCAST, 8:30am-4pm

18WBCAU14A

245

375

Webcast

A&A

8/14

8

Cost Capitalization A to Z WEBCAST, 8:30am-4pm

18WBCAU14B

245

375

Webcast

TAX

8/14

8

Form 990 WEBCAST, 7:30am-3:30pm

18WBBAU14A

249

319

Webcast

TAX

8/14

2

Have the Difficult Conversation You’ve Been Dreading WEBINAR, 8am-10am

18WNCAU14A

79

99

Webinar

PD

8/15

8

Advanced Issues: The Art of the Estate Tax Return WEBCAST, 8:30am-4pm

18WBCAU15A

245

375

Webcast

TAX

8/15

2

Small GAAP: AICPA Private Company Financial Reporting Standards WEBINAR, 12pm-2pm

18WNCAU15A

79

99

Webinar

A&A

 Non-tech credits |

www.wscpa.org

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

Networking event

WashingtonCPA Summer 2017

39


Register at www.wscpa.org/store or page 45

EDUCATION AND EVENTS Date

CPE Credits

#

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Type

8/16

2

Sales Tricks to Fool CFOs and Auditors WEBINAR, 12pm-2pm

18WNCAU16A

79

99

Webinar

A&A

8/16

8

The Accountant’s Role in Mergers and Acquisitions WEBCAST, 8:30am-4pm

18WBCAU16A

245

375

Webcast

A&A

8/17

8

Classification and Measurements WEBCAST, 8:30am-4pm

18WBCAU17A

245

375

Webcast

A&A

8/17

2

Revenue Recognition: 10 Risks NOT in the New Standard WEBINAR, 8am-10am

18WNCAU17A

79

99

Webinar

A&A

8/18

4

Allocating Partnership/LLC Income, Losses and Debt to Partners WEBCAST, 8:30am-12pm

18WBCAU18A

120

188

Webcast

TAX

8/18

4

Section 754 Elections’ Redemption of a Partner WEBCAST, 12:30pm-4pm

18WBCAU18B

120

188

Webcast

TAX

8/18

8

Staying Current with Nonprofit Accounting and Auditing WEBCAST, 8:30am-4pm

18WBCAU18C

245

375

Webcast

A&A

8/18

2

Tax Depreciation: Current Developments and Update WEBINAR, 8am-10am

18WNCAU18A

79

99

Webinar

TAX

8/21

8

Best Practices for Payroll Taxes and 1099 Issues WEBCAST, 7:30am-3:30pm

18WBBAU21A

249

319

Webcast

TAX

8/21

8

Personal Financial Statements WEBCAST, 8:30am-4pm

18WBCAU21A

245

375

Webcast

FPS

8/21

8

Single Audits: A Case Study Approach WEBCAST, 8:30am-4pm

18WBCAU21B

245

375

Webcast

GNP

8/22

8

Effective Tax Return and Cash Flow Analysis WEBCAST, 8:30am-4pm

18WBCAU22A

245

375

Webcast

BI

8/22

2

Foreign Account Reporting Requirements: FINCEN 114 (FBAR) and Form 8938 WEBINAR, 9am-11am

18WNCAU22A

79

99

Webinar

TAX

8/22

2

Preparing your Practice for Sale and Selling It! WEBCAST, 10am-12pm

18WBAAU22C

79

109

Webcast

MG

8/22

8

Private Company Accounting: New Challenges, New Directions WEBCAST, 8:30am-4pm

18WBCAU22B

245

375

Webcast

A&A

8/22

2

Tax Practice Ethical and Legal Standards WEBCAST, 10am-12pm

18WBAAU22B

79

109

Webcast

SK

8/22

1

Understanding Your Unclaimed Property Requirements WEBCAST, 9am-10am

18WBAAU22A

39

59

Webcast

TAX

8/23

2

Health care Update: 10 NEW Risks to CPAs and Controllers WEBINAR, 11am-1pm

18WNCAU23A

79

99

Webinar

A&A

8/23

8

HUD Audits of Multifamily Housing Projects: Audit Requirements Under the HUD Audit Guide and for Single Audits WEBCAST, 8:30am-4pm

18WBCAU23A

245

375

Webcast

GNP

8/23

2

Microsoft Power BI: Improve Data Analysis with DAX Measures WEBINAR, 7am-9am

18WNCAU23B

79

99

Webinar

TEC

8/24

3

Financial Fitness Forever: Five Steps to More Money, Less Risk and More Peace of Mind WEBCAST, 9am-12pm

18WBAAU24A

24.75

75

Webcast

FPS

8/24

2

Single Audit Primer and Update WEBINAR, 7am-9am

18WNCAU24A

79

99

Webinar

GNP

8/25

1

50 Facts Every Investor Should Know WEBCAST, 11am-12pm

18WBAAU25B

39

59

Webcast

FPS

8/25

1

Beyond Buffet: Everything You Need to Know about Value Investing WEBCAST, 9am-10am

18WBAAU25A

39

59

Webcast

FPS

8/25

2

Education: 10 New Risks: Elementary to University WEBINAR, 8am-10am

18WNCAU25A

79

99

Webinar

A&A

8/25

2

Excel: Create KPI Dashboards for Maximum Impact WEBINAR, 7am-9am

18WNCAU25B

79

99

Webinar

TEC

8/25

8

Individual Tax Planning Topics WEBCAST, 8:30am-4pm

18WBCAU25A

245

375

Webcast

TAX

8/28

4

Fraud: Essential Audit Tools and Techniques WEBCAST, 8:30am-12pm

18WBCAU28A

120

188

Webcast

A&A

8/28

2

Introduction to Data Analytics and Microsoft Power BI Tools WEBINAR, 11am-1pm

18WNCAU28A

79

99

Webinar

TEC

8/28

4

Mitigating Fraud Engagement Risk for Nonaudit Practitioners WEBCAST, 12:30pm-4pm

18WBCAU28B

120

188

Webcast

A&A

8/28

8

Scenarios, Contingency Planning, and Simulation to Achieve Your Goals and Strategy WEBCAST, 7am-3pm

18WBAAU28A

195

245

Webcast

MG

8/28

8

Taxation of Corporations, 7:30am-3:30pm

18WBBAU28A

249

319

Webcast

TAX

Y

Y

Y

 Non-tech credits |

40

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

WashingtonCPA Summer 2017

Networking event

www.wscpa.org


Register at www.wscpa.org/store or page 45 Date

CPE Credits

#

EDUCATION AND EVENTS

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Type

8/29

8

Audit Standards Update: Clarifying Risk Assessment WEBCAST, 8:30am-4pm

18WBCAU29A

245

375

Webcast

A&A

8/30

8

2017 Financial Statement Preparation, Compilation, and Review WEBCAST, 7am-3pm

18WBAAU30A

195

245

Webcast

A&A

8/30

2

Microsoft Power BI: Get Started with the Right Data WEBINAR, 7am-9am

18WNCAU30A

79

99

Webinar

TEC

8/31

2

Payments Fraud: Detect & Prevent Check, ACH and P-Card Schemes WEBINAR, 11am-1pm

18WNCAU31A

79

99

Webinar

A&A

9/5

2

Detecting and Preventing Internal Fraud, Theft and Abuse WEBINAR, 1pm-3pm

18WNCST05A

79

99

Webinar

A&A

9/5

4

Fraud in Small- to Medium-Sized Entities WEBCAST, 10am-2pm

18WBBST05A

159

199

Webcast

A&A

9/5

2

Small GAAP: AICPA Private Company Financial Reporting Standards WEBINAR, 12:30pm-2:30pm

18WNCST05B

79

99

Webinar

A&A

9/6

2

Fiduciary Accounting for Estates and Trusts WEBINAR, 11am-1pm

18WNCST06A

79

99

Webinar

A&A

9/6

2

Payments Fraud: Detect & Prevent Check, ACH and P-Card Schemes WEBINAR, 12pm-2pm

18WNCST06B

79

99

Webinar

A&A

9/6

8

Understanding the Complexities of Fraud in Order to Develop Ways to Mitigate Risk WEBCAST, 8:30am-4pm

18WBCST06A

245

375

Webcast

A&A

9/7

2

Audit Methodologies and Documentation WEBINAR, 10am-12pm

18WNCST07A

79

99

Webinar

A&A

9/7

4

Internal Control: How Does It Impact an Audit? WEBCAST, 10am-2pm

18WBBST07A

159

199

Webcast

A&A

9/7

8

Limited Scope Audits of 401(k) Plans WEBCAST, 8:30am-4pm

18WBCST07A

245

375

Webcast

A&A

9/7

4

E

Washington CPA Ethics and New Developments 2017 by Mark Hugh (A WA Requirement) WEBCAST, 8am-12pm

18WBAST07A

164

194

Webcast

Ethics

9/7

2

Y

What You Need to Know to Audit Government Programs WEBINAR, 7am-9am

18WNCST07B

79

99

Webinar

GNP

9/8

2

Improve Your Profit: Identify Cost Cutting Opportunities WEBINAR, 9am-11am

18WNCST08A

79

99

Webinar

A&A

9/8

2

Introduction to Data Analytics and Microsoft Power BI Tools WEBINAR, 7am-9am

18WNCST08B

79

99

Webinar

TEC

9/8

4

Statement of Cash Flows: Preparation, Presentation, and Use WEBCAST, 10am-2pm

18WBBST08A

159

199

Webcast

A&A

9/8

4

Washington B&O Tax and New Developments 2017 by Mark Hugh WEBCAST, 8am-12pm

18WBAST08A

129

159

Webcast

TAX

9/8

4

Washington Sales Tax and New Developments 2017 by Mark Hugh WEBCAST, 12pm-4pm

18WBAST08B

129

159

Webcast

TAX

9/11

8

Applying the Uniform Guidance in Your Single Audits WEBCAST, 7:30am-3:30pm

18WBBST11A

249

319

Webcast

GNP

9/11

2

Capital Gains Tax Strategies for Advanced Transactions WEBINAR, 11am-1pm

18WNCST11A

79

99

Webinar

TAX

9/11

2

Excel: Advanced Spreadsheet Troubleshooting Techniques WEBINAR, 1pm-3pm

18WNCST11B

79

99

Webinar

TEC

9/12

1

Medicare and its Gaps: What You and Your Clients Simply MUST Know WEBCAST, 11am-12pm

18WBAST12C

9.75

60

Webcast

FPS

9/12

2

Performance Auditing Essentials WEBINAR, 12pm-2pm

18WNCST12A

79

99

Webinar

A&A

9/12

1

Social Security 201: Mastering the Client Mysteries WEBCAST, 9am-10am

18WBAST12A

9.75

60

Webcast

FPS

9/12

1

Social Security 202: Advanced Client Strategies Update WEBCAST, 10am-11am

18WBAST12B

9.75

60

Webcast

FPS

9/13

2

10 Commonly Missed Analytical Procedures WEBINAR, 12pm-2pm

18WNCST13A

79

99

Webinar

A&A

9/13

8

2017 LLCs & Partnerships Update WEBCAST, 7am-3pm

18WBAST13A

195

245

Webcast

TAX

9/13

2

Excel: Advanced Financial and Statistical Calculations WEBINAR, 10am-12pm

18WNCST13B

79

99

Webinar

TEC

9/13

4

New Financial Reporting Requirements for Nonprofits WEBCAST, 8am-12pm

18WBAST13B

129

159

Webcast

GNP

Y

Y

 Non-tech credits |

www.wscpa.org

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

Networking event

WashingtonCPA Summer 2017

41


Register at www.wscpa.org/store or page 45

EDUCATION AND EVENTS Date

CPE Credits

#

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Type

9/13

4

The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them WEBCAST, 10am-2pm

18WBBST13A

159

199

Webcast

A&A

9/14

4

Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls WEBCAST, 10am-2pm

18WBBST14A

159

199

Webcast

A&A

9/14

2

S Corporations: How to Calculate the Owner’s Basis in S Corporation Stock WEBINAR, 1pm-3pm

18WNCST14A

79

99

Webinar

TAX

9/15

2

Excel: Using Charts for a Non-Financial Audience WEBINAR, 8am-10am

18WNCST15B

79

99

Webinar

TEC

9/15

2

Real Estate Tax Update: Key Changes for Investors and Owners WEBINAR, 10am-12pm

18WNCST15A

79

99

Webinar

TAX

9/18

2

Have the Difficult Conversation You’ve Been Dreading WEBINAR, 12pm-2pm

18WNCST18A

79

99

Webinar

PD

9/18

8

Identity Theft: Preventing, Detecting, and Investigating WEBCAST, 7:30am-3:30pm

18WBBST18A

249

319

Webcast

A&A

9/18

2

Partnership Investments: How to Calculate the Owner’s Basis WEBINAR, 11:30am-1:30pm

18WNCST18B

79

99

Webinar

TAX

9/19

2

Tax Depreciation: Current Developments and Update WEBINAR, 12:30pm-2:30pm

18WNCST19A

79

99

Webinar

TAX

9/20

8

2017 Business Fraud Update WEBCAST, 7am-3pm

18WBAST20D

195

245

Webcast

A&A

9/20

2

Excel: Format Your Spreadsheets for Maximum Impact WEBINAR, 10am-12pm

18WNCST20B

79

99

Webinar

TEC

9/20

2

Fraud Update: 10 New A&A Risks for CPAs WEBINAR, 1pm-3pm

18WNCST20A

79

99

Webinar

A&A

9/20

2

Preparing your Practice for Sale and Selling It! WEBCAST, 10am-12pm

18WBAST20C

79

109

Webcast

MG

9/20

2

Tax Practice Ethical and Legal Standards WEBCAST, 10am-12pm

18WBAST20B

79

109

Webcast

SK

9/20

1

Understanding Your Unclaimed Property Requirements WEBCAST, 9am-10am

18WBAST20A

39

59

Webcast

TAX

9/21

8

2017 Financial Statement Preparation, Compilation, and Review WEBCAST, 7am-3pm

18WBAST21A

195

245

Webcast

A&A

9/21

4

Forensic Accounting: Uncovering Schemes and Scams WEBCAST, 10am-2pm

18WBBST21A

159

199

Webcast

A&A

9/21

8

Global World Accounting: Key Issues for Revenue Recognition, Leases and Impairment WEBCAST, 8:30am-4pm

18WBCST21A

245

375

Webcast

A&A

9/21

2

Government Update: 10 New A&A Risks for CPAs WEBINAR, 9:30am-11:30am

18WNCST21A

79

99

Webinar

GNP

9/21

2

Self-Rental Passive Activity: When Does it Exist and How Do You Report It WEBINAR, 10:30am-12:30pm

18WNCST21B

79

99

Webinar

TAX

9/22

8

Corporate Governance, Fraud and Control: Setting the Strategy and Executing it Efficiently WEBCAST, 8:30am-4pm

18WBCST22A

245

375

Webcast

A&A

9/22

8

Financial Statement Analysis for Managers WEBCAST, 8:30am-4pm

18WBCST22B

245

375

Webcast

MG

9/22

4

Small-Business Financial Statements WEBCAST, 8:30am-12pm

18WBCST22C

120

188

Webcast

A&A

9/25

4

Employment Law Update: Examining Critical Issues with FMLA, HIPPA, COBRA, ADA and More WEBCAST, 10am-2pm

18WBBST25A

159

199

Webcast

BI

9/25

2

Financial Accounting for Related Party Transactions WEBINAR, 11:30am-1:30pm

18WNCST25A

79

99

Webinar

A&A

9/25

4

Fraud: Practical Approaches to Prevention & Detection WEBCAST, 12:30pm-4pm

18WBCST25A

120

188

Webcast

A&A

9/25

2

The GAO’s Green Book: Internal Controls WEBINAR, 7am-9am

18WNCST25B

79

99

Webinar

GNP

9/26

8

Accounting and Auditing Update WEBCAST, 8:30am-4pm

18WBCST26A

245

375

Webcast

A&A

9/26

2

Defective Compensation Systems: When Bonuses and Incentives Go Bad WEBINAR, 10:30am-12:30pm

18WNCST26A

79

99

Webinar

A&A

9/26

2

Non-Profit Update: 10 A&A Risks for Controllers and Auditors WEBINAR, 8:30am-10:30am

18WNCST26B

79

99

Webinar

GNP

9/26

8

Preparing Form 5500 WEBCAST, 8:30am-4pm

18WBCST26B

245

375

Webcast

SK

9/27

8

2017 Not-for-Profit Accounting, Auditing & Tax Update WEBCAST, 7am-3pm

18WBAST27A

195

245

Webcast

A&A

Y

Y

Y

 Non-tech credits |

42

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

WashingtonCPA Summer 2017

Networking event

www.wscpa.org


Register at www.wscpa.org/store or page 45 Date

CPE Credits

#

EDUCATION AND EVENTS

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Type

9/27

2

Closing Best Practices: Shortening Month End WEBINAR, 9am-11am

18WNCST27A

79

99

Webinar

A&A

9/27

8

SSARS 21: The Newly Effective Preparation, Compilation and Review Standards WEBCAST, 8:30am-4pm

18WBCST27A

245

375

Webcast

A&A

9/28

8

Corporate Finance Checkup: Renovate Your Analytical Toolbox WEBCAST, 8:30am-4pm

18WBCST28A

245

375

Webcast

MG

9/28

2

Key Tax Strategies for Partnerships and LLCs WEBINAR, 8am-10am

18WNCST28A

79

99

Webinar

TAX

9/29

2

10 Fatal Mistakes to Avoid: Learn from Others’ Business Errors WEBINAR, 9am-11am

18WNCST29A

79

99

Webinar

BI

10/2

4

Balanced Scorecard Module I: Overview WEBCAST, 9am-1pm

18WBAOC02A

129

159

Webcast

MG

10/2

2

Travel and Entertainment Expenses: Review and Update WEBINAR, 8:30am-10:30am

18WNCOC02A

79

99

Webinar

TAX

10/3

2

Excel: Format Your Spreadsheets for Maximum Impact WEBINAR, 1pm-3pm

18WNCOC03B

79

99

Webinar

TEC

10/3

2

Google Big Data and Forecasting Tools for Accountants WEBINAR, 7am-9am

18WNCOC03A

79

99

Webinar

TEC

10/3

8

SSARS 21: The Newest Thing in Compilation and Review WEBCAST, 8:30am-4pm

18WBCOC03A

245

375

Webcast

A&A

10/3

4

Workflow as a Best Practice WEBCAST, 8am-12pm

18WBAOC03A

129

159

Webcast

BI

10/4

2

Final Repair Regulations: Current Developments and Update WEBINAR, 10am-12pm

18WNCOC04A

79

99

Webinar

TAX

10/4

2

Key Tax Strategies for Partnerships and LLCs WEBINAR, 12:30pm-2:30pm

18WNCOC04B

79

99

Webinar

TAX

10/4

4

Not-for-Profit Accounting and Auditing Update WEBCAST, 10am-2pm

18WBBOC04A

159

199

Webcast

GNP

10/5

2

KPI Dashboards: The New Financial Reporting Model WEBCAST, 12pm-2pm

18WBBOC05A

99

129

Webcast

SK

10/5

2

Partnership Investments: How to Calculate the Owner’s Basis WEBINAR, 1pm-3pm

18WNCOC05A

79

99

Webinar

TAX

10/5

2

Real Estate Professionals and Passive Activity: When do They Exist and How to Report Them WEBINAR, 10am-12pm

18WNCOC05B

79

99

Webinar

TAX

10/5

4

Washington CPA Ethics and New Developments 2017 by Mark Hugh (A WA Requirement) WEBCAST, 8am-12pm

18WBAOC05A

164

194

Webcast

Ethics

10/6

2

Improve Your Profit: Identify Cost Cutting Opportunities WEBINAR, 9am-11am

18WNCOC06A

79

99

Webinar

A&A

10/6

2

Small GAAP: AICPA Private Company Financial Reporting Standards WEBINAR, 11am-1pm

18WNCOC06B

79

99

Webinar

A&A

10/6

4

Washington B&O Tax and New Developments 2017 by Mark Hugh WEBCAST, 8am-12pm

18WBAOC06A

129

159

Webcast

TAX

10/6

4

Washington Sales Tax and New Developments 2017 by Mark Hugh WEBCAST, 12pm-4pm

18WBAOC06B

129

159

Webcast

TAX

10/9

2

Business Tax Update and Recent Developments WEBINAR, 8am-10am

18WNCOC09A

79

99

Webinar

TAX

10/9

2

Individual Tax Update and Recent Developments WEBINAR, 11am-1pm 18WNCOC09B

79

99

Webinar

TAX

10/10

1

Medicare and Its Gaps: What You and Your Clients Simply MUST Know WEBCAST, 11am-12pm

18WBAOC10C

9.75

60

Webcast

FPS

10/10

2

Performance Auditing Essentials WEBINAR, 9am-11am

18WNCOC10A

79

99

Webinar

A&A

10/10

1

Social Security 201: Mastering the Client Mysteries WEBCAST, 9am-10am

18WBAOC10A

9.75

60

Webcast

FPS

10/10

1

Social Security 202: Advanced Client Strategies Update WEBCAST, 10am-11am

18WBAOC10B

9.75

60

Webcast

FPS

10/10

2

Year-End Tax Planning: Thinking Outside the Box WEBINAR, 7:30am-9:30am

18WNCOC10B

79

99

Webinar

TAX

10/11

8

2017 Business Fraud Update WEBCAST, 7am-3pm

18WBAOC11A

195

245

Webcast

A&A

10/11

2

Capital Gains Tax Strategies for Advanced Transactions WEBINAR, 8am-10am

18WNCOC11A

79

99

Webinar

TAX

10/11

2

Microsoft Power BI: Improve Data Analysis with DAX Measures WEBINAR, 1pm-3pm

18WNCOC11C

79

99

Webinar

TEC

Y

E

 Non-tech credits |

www.wscpa.org

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

Networking event

WashingtonCPA Summer 2017

43


Register at www.wscpa.org/store or page 45

EDUCATION AND EVENTS Date

CPE Credits

#

Course

Code

WSCPA NonAICPA Member Member Member Discount Fee Fee

Location

Subject

Type

10/11

2

Passive Activity Rules and the Net Investment Income Tax WEBINAR, 11am-1pm

18WNCOC11B

79

99

Webinar

TAX

10/11

4

Statement of Cash Flows: Preparation, Presentation, and Use WEBCAST, 10am-2pm

18WBBOC11A

159

199

Webcast

A&A

10/12

2

Y

Single Audit Primer and Update WEBINAR, 7:30am-9:30am

18WNCOC12A

79

99

Webinar

GNP

10/12

2

Y

Yellow Book Standards for CPAs in Public Practice WEBINAR, 10am-12pm

18WNCOC12B

79

99

Webinar

GNP

10/13

2

Enjoy Technology’s Benefits Without Dehumanizing the Office WEBINAR, 9am-11am

18WNCOC13A

79

99

Webinar

TEC

10/13

4

Yellow Book Financial Audits WEBCAST, 10am-2pm

18WBBOC13A

159

199

Webcast

GNP

Y

CFO Series

For CFOs and Aspiring CFOs WSCPA’s CFO Series provides a year’s worth of CPE on topics that you need to master in order to step into the CFO role. Each interactive session is taught by executive-level experts from around the nation.

CORPORATE FINANCE SKILLS with Don Minges

TIME: LOCATION: CPE:

• • • •

8:00 a.m.-4:00 p.m. Bellevue or Webcast 8 CPE credits each

Monday, September 25, 2017 Financial Analysis Strategic Cash Management Corporate Finance Crowd Funding

Register and learn more at www.wscpa.org/cfoseries

with John Higgins

Wednesday, October 18, 2017 • • • •

Cloud & Mobile Computing MS Office & Windows Update KPI Dashboards Big Data & Data Analytics

OFFICE 365: UNLEASH THE POWER IN YOUR ORGANIZATION

MANAGING RISK

ESSENTIAL SKILLS

with John Higgins

Monday, November 20, 2017

Monday, December 4, 2017

Thursday, October 19, 2017

• • • •

• • • •

• • • •

Microsoft's Office 365 Suite OneDrive SharePoint OneNote

 Non-tech credits |

44

KEEPING UP WITH TECHNOLOGY

with John Daly

Risk Analysis & Management Systemic Risk The Rittenhouse Rankings Fraud Protection

with John Daly

Competitive Advantage Pricing for Profitability Contemporary Cost Concepts Communicating Financial Info to Non-Accountants

Webcast from WSCPA | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event | S Season Ticket/Coupons N/A |

WashingtonCPA Summer 2017

Networking event

www.wscpa.org


Register at www.wscpa.org/store

REGISTRATION

Register online with credit card at www.wscpa.org/store or: • Mail form with check to WSCPA, 902 140th Ave NE, Bellevue, WA 98005-3480 • Call (425) 644-4800 or (800) 272-8273 (toll-free in Washington) Questions? E-mail cpe@wscpa.org or call the WSCPA.

Code

Title

Date

City

Fee1

2

χ

To pay by credit card, please visit www.wscpa.org/store or call (425) 644-4800.

2

WSCPA CPE policies apply to all programs in the CPE Digest. Review the CPE policies at www.wscpa.org. www.wscpa.org

WashingtonCPA Summer 2017

45


CLASSIFIED ADS Detailed advertising information is available online at www.wscpa.org under More. Ads are placed in the next magazine when received by the deadline, September 1 for the fall 2017 issue. Contact Janet White at (425) 586-1126, or memberservices@ wscpa.org for more information.

Considering Selling Your Practice? Consider all your options. We do the work. Confidential. We have buyers actively seeking practices. Call Mark Hause at (877) 345-7722 or visit our website at www.accountingpracticesales.com. Accounting Practice Sales.We make dreams happen!

MERGERS & SALES IBA Sells Privately Held Companies. Do you represent a client who is ready to retire or has taken a company as far as they want to or can? IBA is the Pacific Northwest’s oldest business brokerage (M&A) firm. We are professional negotiators with over 4000 completed transactions. Please contact us if we can be of assistance at (800) 218-4422 or www.ibainc.com.

OFFICE SPACE Downtown Seattle Office Space for Sub-lease. Class A office space on the 26th floor of Two Union Square (6th & Union). Staffed reception, conference rooms, and access to copiers/fax/postage meter. Two offices are available; the monthly rate for each two-bay window office is $1,200; both offices are available June 1, 2017. Carol Hill, hill@lasher.com, 206-654-2434.

Contact Mark Hause atAccounting Practice Sales by e-mail at MARKHAUSE@CONTACTAPS.COM or call (877) 345-7722 for more information on the following practices: (WA 1115) South Hills/Puyallup Area: This well-established EA firm with a solid client base is for sale. The firm is composed of a broad range of clients that includes individuals and small business who seek tax preparation, write up, and consulting services. The firm stresses ongoing communication throughout the year to promote client loyalty along with avoiding year-end tax issues that can be difficult to manage after the conclusion of the tax year. The firm has an excellent fee structure with excellent per client fee amounts. This professional opportunity provides the type of challenge many relish with a solid client base providing continued prosperity for any business minded accountant. (WA 1114) Sequim/Port Angeles Area: The Seller of this practice is, semi-retiring and seeking to retain certain business tax return clients along with the associated personal income tax returns. The sale only includes client files, supporting information stored in an electronic file cabinet, and the primary telephone number(s) of the selling practice. The clients being sold average approx. $346 per return with a high percentage of individual income tax returns. Currently, these clients are part of a practice that generates an excellent net cash flow demonstrating realization rates that are well above the norm. This practice fits a buyer looking to start a practice, an existing owner looking to finish a practice or a professional needing work to keep a staff busy. What’s more, the practice is available for immediate possession to begin the transition of clients. (WA 1113) East King County-Snoqualmie Valley Area:This CPA practice is write up based with great opportunity for growth in providing professional services in the traditional area of tax preparation and consulting. The firm revenue stream is 12% tax and 88% write up. With the write up side covered by long-term employees who have and maintain excellent relationships with the clients, the transition to the new owner will be easy.The growth potential of this practice lies in growing the tax practice with the write up business in place for year round revenues. Any business minded accountant looking to get into ownership or an expansion minded firm has a ready-made opportunity.

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WashingtonCPA Summer 2017

PRACTICES FOR SALE

(WA 1112) Renton:This well-established Enrolled Agent practice is for sale.The firm is a tax practice with only a minimal amount ($2,000) of write up services. The client base is centered on individual returns but does include many business returns as well. The fee structure is excellent reflecting a client base with income levels who require qualified professional services to solve their tax problems. This profitable practice, (77% Net Cash Flow) and available for immediate possession, is an ideal opportunity for an experienced tax professional who seeks a challenge and the commensurate financial reward. (WA 1110) North Puget Sound CPA Practice for Sale: This well rounded CPA firm located in the North Puget Sound Areas is for sale. The firm renders professional services in the areas of income tax,write-up,compilations,reviews,auditing and office management. The firm and its predecessors have rendered high quality professional services for over 30 years and enjoys an outstanding reputation in the community.The practice has a variety of clients in a variety of industries including nonprofit entities.The owner seeks to retire but is available to transition the firm to the new owner through tax season.All of this in a firm where the owner works part time.The firm has significant upside in billings and net income in all areas with any new owner capitalizing on the opportunity this practice provides. The Seller, to incentivize interested buyers, will consider financing the purchase of the practice with a substantial down payment provided the buyer has excellent credit and collateral. (WA 1109) Vancouver: This long-term CPA practice is for sale.The firm provides quality tax services to a loyal client base of individuals and business entities. The firm’s service mix is write-up and income tax.The foundation of the firm has always been a proactive approach to client service.The ongoing communica-

VOLUNTEER OPPORTUNITIES

The following organizations need a CPA to serve on the board of directors and/or provide other guidance on financial matters. Learn more about these, and other organizations that need your help, under Volunteer opportunities for CPAs, at www.wscpa.org/more/marketing-to-cpas. All New: Northwest Dance Network One Equal Heart Foundation Purrfect Pals Seattle Peace Chorus Shunpike SOLA

tion whether a phone call or email prevents the end of year surprises.This practice is a solid addition to an existing form or the startup of a new practice. (WA 1108) Centralia/ChehalisArea:This well balance CPA firm that has been providing professional services for a number of years is for sale.The practice has excellent balance with the workload being split between income and write-up services and revenues occurring throughout the year and not just tax season. The firm enjoys an excellent reputation in the community and receives referrals from other professional service groups in the community.The practice’s qualities are combined with an excellent staff that offers support and continuity for the new owner in transitioning the clients.To assist buyers, the Seller will consider financing the sale of the practice with Buyers who have excellent credit, collateral and a substantial down payment. (WA 1107) Bothell, Mill Creek,Woodinville CPA Practice for Sale:This well-established CPA practice is for sale.The firm is known for personal service and is a recommended preparer to many of the nearby employers.The firm is a tax practice with 75% of revenues coming from the annual preparation of income tax returns. The balance is composed of write-up 22% and consulting 3%. The firm has another significant attribute which is an excellent staff that provides not only quality professional services but support for the owner and clients of the firm.This practice with excellent fees and stable loyal clients is a solid opportunity for a variety of buyers. (WA 1105) North Olympic Peninsula CPA Practice for Sale: This CPA practice consists of clients that return year after year. The firm is centered around the revenue streams of income tax 62% and write-up 37% with a small amount of reviewed financial statements. The owner(s) have a long term staff that assists in the rendering of these professional services.The practice has an excellent cash flow, easily above the norm, reflecting an excellent realization rate on the fees earned. All of these factors demonstrate the opportunity this firm provides to any accountant seeking to be on their own and rewarded for their efforts in a varied client base.

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MEMBER PROFILE

Member Profile: Chad Daw, CPA By Cory Wilmarth, Assistant Editor

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had Daw, CPA, is a Senior Audit AssociatexatxSweeney Conrad in Bellevue, Washington. Born in Salt Lake City, Utah, Chad moved to Puyallup when he was nine months old. At 10, Chad moved to the Bothell area where he has lived ever since. Chad is a true Washingtonian and does not picture himself living anywhere else. Chad first discovered his passion for math at Bothell High School. His father, a mathematician, helped him to develop that gift. Regarding math, Chad said, “I have always liked the logic behind it and how it is a universal language. No matter where you are in the world, 2 + 2 always equals 4.” While in high school, Chad imagined owning a business. He wanted work that would allow him to problem-solve for other people. He enrolled at Bellevue College to earn his Associate’s Degree in Business Administration. He served as a math tutor, considering teaching algebra or calculus, and also considered pursuing a biology degree to become a cancer researcher. When Chad was five, his father was diagnosed with a rare form of brain cancer. His doctors gave him only six months to live, but Chad’s father was able to live another 13 years. At eight, Chad’s mother was diagnosed with colon cancer. She passed away shortly before Chad turned 16. In spite of his grief, Chad was inspired by the strength his parents displayed fighting against their illness. “I watched my parents deal with cancer for my entire childhood,” Chad said. “It wasn’t until they had passed away that I truly understood the magnitude of what had happened to them. I hope to find a cure for cancer so that children and families don’t have to see the people they love go through what my parents did.” Chad found a hero in former North Carolina State basketball coach Jim www.wscpa.org

“Don’t give up. Don’t ever give up.” - Jim Valvano, former coach of the North Carolina State Wolfpack Chad, Jen, and their dog Sven hiking at Mount Si. Valvano. During his career, he was diagnosed with bone cancer and became an icon in the effort to find a cure. His famous words, “Don’t give up. Don’t ever give up,” are engraved on Chad’s parents’ gravestones. “With both of my parents passing away from cancer, he was an inspiration to me and my family to never give up and to always strive for greatness,” said Chad. Though Chad’s career goals have changed, they were always centered on using his passions to assist others. While at Bellevue College, Chad took his first accounting classes and found it to be an ideal career path. Chad transferred to the University of Washington Foster School of Business and majored in accounting. After two years of working as an accountant for ChemPoint, a chemical distributer in Bellevue, Chad earned his CPA. While at ChemPoint, Chad also met the love of his life, Jennifer Howlett. Jen’s sister was also a ChemPoint employee. Jen was running a half-marathon to support her and Team Challenge, an organization dedicated to fighting Crohn’s disease, and that’s where she met Chad. They bonded over their love of athletics, as well as their desire to help those

struggling with illness. Outside the office, Chad is a long-time sports fan, playing basketball and running cross country in high school. “I have always been a very competitive person,” Chad said. Though he doesn’t play much anymore, he loves going to college games and is a University of Washington football season ticket holder. He also likes major league baseball. As a couple, Chad and Jen love hiking. They go on a different hike together each weekend. Traveling is also something they enjoy. Chad said, “Jen and I want to go on a baseball trip every year until we see every stadium and visit a new country every year. We want to see every continent besides Antarctica.” They recently took a trip to the east coast to visit six MLB stadiums. While they were in New York, Chad and Jen got engaged. Though not quite sure about their honeymoon destination – Australia and Peru are both contenders – Chad and Jen are looking forward to whatever adventure lies ahead for them. Cory Wilmarth is the Communications, Design, and Social Media Coordinator for the WSCPA. WashingtonCPA Summer 2017

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WashingtonCPA 2017 Summer  

The official publication of the Washington Society of Certified Public Accountants

WashingtonCPA 2017 Summer  

The official publication of the Washington Society of Certified Public Accountants