There are a very large number of small and medium sized entities (SMEs) across the country who are not required to have GAAP based financial statements. And as such, there has been an ongoing and ever-growing need of such SMEs (and CPA firms who service them) for developing an efficient, cost-effective, and more practical alternative to GAAP based financial statements. The AICPA in recent years has addressed this need by issuing (and more recently updating) the Financial Reporting Framework (FRF) for SMEs, to aid in decision-making processes for managements of SMEs and users of their financial information (e.g. bankers/ lenders, private investors, etc.).
This is a can’t miss opportunity for CPAs and internal (owners, managers, internal accountants) and external (bankers/ lenders, investors, etc.) users of SME financial (accounting and reporting) information, who are interested in, and better yet committed to, maximizing opportunities for adding value in and to this continually growing marketplace!
- Review the evolution of Non-GAAP based financial reporting and where and how the FRF for SMEs fits into such guidance;
- Highlight key accounting and reporting concepts and principles of the framework;
- Explore growth opportunity-oriented strategies for professionals serving the needs of SMEs and users (internal and external) of their financial information; and
- Delve into the unique and ever evolving governance and cybersecurity challenges facing SMEs in a limited resource environment, while identifying practical application awareness and readiness measures for strengthening risk management and controls related thereto.
Saturday, October 12th, 2019. 9:00 am to 5:00 pm EST
||Your home or office
||Jim Hallinan and Randy Coneby, CISA, MBA
||4 Accounting and 4 Management & Organization
||7 Substantive CLE
Email: [email protected] or Phone: 267-251-3805
Randy Coneby, CISA, MBA is a Principal for RKL eSolutions specializing in information technology (IT) audit. He assists banks and other financial institutions with audit risk assessments, financial operational audits, enterprise risk management, business process reviews. Prior to joining RKL in 2016, Randy served for five years as Director in charge of all IT audit engagements in the
Mid-Atlantic for a regional internal audit and risk management firm. He also performed audits for MBNA America Bank, Bank One, PricewaterhouseCoopers and the United States Postal Service Inspector General Office. He began his professional career as a civilian auditor with the United States Air Force Audit Agency where he performed audits on weapon and financial systems for
10 years. Randy has authored numerous articles in professional journals such as the Pennsylvania Association of Community Bankers’ Transactions magazine and the EDP Audit, Control and Security newsletter.
Jim Hallinan, CPA, CIA, CFSA, CBA is a growth opportunity oriented (GO2) independent business/ organizational partnering consultant and inspirational writer/ speaker. Jim has over 30 years of combined corporate and independent experience, focused on providing proactive guidance, assessments, and support to organizations in their efforts to strengthen governance, risk management, internal control, and audit programs and processes. Jim has been a speaker at various in-house, professional/ organization and client conferences and training events, and continues to develop/ update, expand and deliver an array of transformational personal/ professional and organizational development/ training programs.
Jim’s life / work mission is dedicated: To help enlighten (‘bring forth the light from within’), inspire, empower, and support people from all walks and stages of life, and teams/ groups/ organizations of all types and sizes, in their quests to: create significant, positive, sustainable change; tap more fully into/ unleash their inner genius, infinite creativity, and unlimited potential; and experience ever increasing levels of growth, fulfillment, and success!
McDevitt & Kline, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/
* McDevitt and Kline's live, internet-based courses are approved as Distance Learning courses by the PA Supreme Court CLE Board. For additional information, please visit http://www.pacle.org/. Check with your State CLE Board for rules pertaining to live webcasts. These rules differ from state to state. For example, PA attorneys may earn up to 6 CLE credits per compliance period via live webcasts (or 6 out of 12 credits per year); NJ and DE attorneys may earn up to 12 CLE credits per compliance period via live webcasts (or 12 out of 24 credits per two years).