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2015 Year-End Accounting and Tax Update - Pittsburgh

December 03, 2015
DoubleTree Hotel & Suites
1 Bigelow Square
Pittsburgh, PA  15219
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Lydia Humenycky
(412) 315-2342
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  • Summary
  • Agenda
  • CPE Information
BDO USA, LLP invites you and your colleagues to a complimentary CPE-qualified program. Take advantage of this unique opportunity to hear from our accounting and tax leaders. Join fellow accounting and tax professionals in learning ways to help maximize tax savings and effectively manage financial reporting. This seminar highlights timely year-end updates and provides key takeaways on hot topics relevant to both public and private companies.

Specific sessions to be offered include:
 
General Sessions:
  • U.S. Economy Is Hitting Its Stride, But Pittsburgh Will Lag in 2016
  • IRS ID Theft; Knowledge is Power
  • Recent Accounting Pronouncements: Revenue Recognition Implementation Group Activities
  • Ethics: Normative Analysis and Case Studies
  • Ethics: Why Good People Do Bad Things
First Breakout Session Options:
  • The Impact of Fraud: A Case Study of Employee Embezzlement
  • Using Risk Management to Drive Success in a Changing World
  • Sales and Use Tax: The Technical vs. The Practical
Second Breakout Session Options:
  • Fairness Opinions: When is the Right Time and What is the Appropriate Usage
  • The Pittsburgh Jobs Market: Talent Wars, Recruiting & Career Connections
  • Doing Business In Germany
Third Breakout Session Options:
  • National Security / CFIUS
  • Effective Audit Committees for Not-for-Profit Organizations?
  • Affordable Care Act Information Returns – Episode VII – The (En)force Awakens
Please Note: Some breakout sessions have closed due to limits on room capacity.
7:30 AM to 8:00 AM 
Registration and Continental Breakfast
 
8:00 AM to 8:10 AM 
 
Welcome
Alex Paul, Office Managing Partner, BDO Pittsburgh
 
8:10 AM to 9:00 AM 

 
U.S. Economy is Hitting its Stride, But Pittsburgh Will Lag in 2016
Augustine Faucher, Senior Macroeconomist, The PNC Financial Services Group
9:00 AM to 9:50 AM 
 
IRS ID Theft: Knowledge is Power
Cathy Stopyra, Managing Director, Account and Interest Recovery Services, BDO 
9:50 AM to 10:00 AM 
Break
 
10:00 AM to 10:50 AM 
 
Recent Accounting Pronouncements: Revenue Recognition Implementation Group Activities
Jeff Kovacs, Assurance Partner, BDO
10:50 AM to 11:40 AM
 
Ethics: Normative Analysis and Case Studies
John Hooker, Professor of Operations Research, Carnegie Mellon University
11:40 AM to 1:00 PM 
Lunch
 
1:00 PM to 1:50 PM 
 
Ethics: Why Good People Do Bad Things
James Weber, Professor of Business Ethics and Management, Duquesne University
2:00 PM to 2:50 PM 











 
First Breakout Series

Option 1: The Impact of Fraud: A Case Study of Employee Embezzlement

Brandon Otis, Litigation Managing Director, Dispute Advisory Services, BDO 
Jim Carroll, Litigation Manager, Dispute Advisory Services, BDO 

Option 2: Using Risk Management to Drive Success in a Changing World
Brian Kirkpatrick, Risk Advisory Services Senior Manager, BDO 

Option 3: Sales and Use Tax: The Technical vs. The Practical
Sara Britt, Tax Senior Manager, BDO 
3:00 PM to 3:50 PM 











 
Second Breakout Series

Option 1: Fairness Opinions: When is the Right Time and What is the Appropriate Usage
Josh Lefcowitz, Managing Director, Valuation and Business Analytics Practice, BDO 

Option 2: The Pittsburgh Jobs Market: Talent Wars, Recruiting and Career Connections
Justin Driscoll, Senior Director, Pittsburgh Technology Council
Louis Musante, Partner Emeritus, Echo Strategies

Option 3: Doing Business in Germany
Anke Kreuger, STS International Senior Manager, BDO
4:00 PM to 4:50 PM 









 
Third Breakout Series

Option 1: National Security / CFIUS
John Lash, Litigation Manager, Dispute Advisory Services, BDO

Option 2: Effective Audit Committees for Not-For-Profit Organizations?  
Kim Griffith, Assurance Partner, BDO 

Option 3: Affordable Care Act Information Returns - Episode VII - The (En)force Awakens
Linda Baker, STS GES Senior Manager, BDO 
U.S. Economy Is Hitting Its Stride, But Pittsburgh Will Lag in 2016 (1 credit in Economics)
The U.S. economy will continue to expand in 2016, thanks to further improvements in consumer spending and housing. This will allow the Federal Reserve to gradually raise interest rates. The global economy will remain a drag on growth in the near term, however. The Pittsburgh area economy will also grow in 2016, but at a pace below the national average.

IRS ID Theft; Knowledge is Power (1 credit in Tax)
ID Theft within the sphere of the Internal Revenue Service is an ever‐growing concern, with more than 3 million cases of fraudulent tax returns filed last year. This session will review the signs of tax return ID theft and explore the remedies available to victims.

Recent Accounting Pronouncements: Revenue Recognition Implementation Group Activities (1 credit in Accounting)
This presentation will supplement previous presentations that provided an overview of the recent significant changes to the accounting for revenue recognition. The presentation will focus on the key activities of the Revenue Recognition Transition Resource Group (TRG) and discuss the proposed changes offered by the TRG and how those changes are expected to impact the implementation of the new revenue recognition standard.

Ethics: Normative Analysis and Case Studies (1 credit in Behavioral Ethics)
This session will briefly present a conceptual framework that allows one to resolve ethical dilemmas by analyzing them objectively, rather than by gut feeling or simplistic platitudes.  It also provides a vocabulary for discussing ethical issues with coworkers and defending a position.

Ethics: Why Good People Do Bad Things (1 credit in Behavioral Ethics)
This session focuses on the practical, daily occurrence at work where good, ethical people often do things that are ethically questionable.  We will explore how we rationalize, justify, or otherwise come to accept why we do things that are contrary to our moral compass – well, not us necessarily, but other people at work!  Basic psychological thought will be presented in a straightforward and concrete way.

The Impact of Fraud: A Case Study of Employee Embezzlement (1 credit in Auditing)
The purpose of this session is to provide participants insight into how fraud can occur and the impact fraud can have on an organization through the use of a case study related to an act of employee embezzlement.  Participants will be shown: how the fraud was executed, the abuses of power and trust that occurred, the impact the fraud had on the organization, and what actions could have been taken to mitigate or stop the fraud.

Using Risk Management to Drive Success in a Changing World (1 credit in Management Advisory Services)
Change in the business world is accelerating as the effects of globalization and advances in technology are impacting business processes quicker than ever before leading to mounting pressures for stronger, more effective risk management.  This presentation will provide a perspective on hot topics in internal control with a focus on risk oversight and how best to utilize risk management to navigate today’s challenges.

Sales and Use Tax:  The Technical vs. The Practical (1 credit in Tax)
This session will provide an overview of current developments in the sales and use tax area focusing on developments in the local Tri-State area.  This session will also provide a practical view of the sales and compliance process and provide strategies to mitigate risk through enhanced sales and use tax process and procedures.

Fairness Opinions: When is the Right Time and What is the Appropriate Usage (1 credit in Specialized Knowledge and Applications)
This session will focus on ways counsel can help their clients to understand when it is the right time to have a fairness opinion performed and the limitation on the usage of a fairness opinion.

The Pittsburgh Jobs Market: Talent Wars, Recruiting & Career Connections (1 credit in Management Advisory Services)
This session will help participants see the Pittsburgh Jobs Market from both an industry and occupation perspective. Six technology-based industries and seven major occupational job clusters will be highlighted. The role of the region’s independent contractor and freelance workforce will be reviewed. The Pittsburgh Technology Council’s PGHCareerConnector.com receives over 121,000 visit per month. This data gold mine will be analyzed for recruiting trends, regional job demand and associated salaries.

Doing Business in Germany (1 credit in Tax)
The session will address tax issues commonly encountered when a US company does business in Germany.  The session will also consider the consequences to a German corporation doing business in the US.

National Security / CFIUS (1 credit in Specialized Knowledge and Applications)
Foreign companies have become increasingly active in investing and acquiring businesses and assets in the United States in order to satisfy rising global demand. The United States economy, ripe with natural resources and technologically advanced infrastructure has been a key target for these cross-border investments. These transactions fall under the jurisdictional regulation of the Committee on Foreign Investment in the United States, and formal non-objection is often a closing condition for these transactions. 

Effective Audit Committees for Not-for-Profit Organizations? (1 credit in Auditing)
A well-functioning audit committee is important to every nonprofit organization.  Effective audit committees are not merely formalities to receive lip service. They can be of significant help to governing boards in effectively performing their fiduciary and oversight roles in ensuring reliable financial reporting, reducing risk, and maintaining donor and public confidence.

Affordable Care Act Information Returns – Episode VII – The (En)force Awakens (1 credit in Tax)
A long time ago in a city far, far away…The Affordable Care Act (ACA) was created to mandate large employers to offer health insurance coverage to full-time employees and their dependents. The IRS created ACA information returns to collect data that will be used to enforce the individual and employer mandates and detect violations of coverage and qualification for subsidies. These forms must be filed with the IRS (and distributed to employees) in early 2016.  Significant penalties are imposed for a failure to file the required forms timely.  

 
Delivery: Group Live
Prerequisites: None
Advanced Prep:
Credits: 4.0 in Tax, 1.0 in Accounting, 2.0 in Auditing, 2.0 in Behavioral Ethics, 2.0 in Management Advisory Services, 2.0 in Specialized Knowledge and Applications, 1.0 in Economics
Program Level: Basic
BDO USA, LLP 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: www.learningmarket.org