MACPA Statement // Summer 2019

STATEMENT MACPA’S

SUMMER 2019

In a changing and complex world, new MACPA chair Ray Speciale says our association’s relevance is in connecting people and ideas Page 4

AN AS S O C I AT I ON ’ S F U T U R E ?

CONNECTIONS Maryland Association of Certified Public Accountants, Inc.

ALSO INSIDE

MACPA’s 2019-20 Board of Directors Page 7

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CONTENTS Summer 2019 | Maryland Association of Certified Public Accountants, Inc.

CHAIR’S COLUMN.............................................................................. 2 FEATURES An association’s future? Connections.................................................................... 4 MACPA’s 2019-20 Board of Directors.................................................................... 7

DEPARTMENTS Diversity and Inclusion ........................................................................................ 11 Financial Planning................................................................................................ 14 High-Tech Solutions............................................................................................. 19 Tax Corner............................................................................................................ 25 News and Views................................................................................................... 28 From our Partners................................................................................................ 31

MEMBER NOTES................................................................................ 34 CLASSIFIEDS........................................................................................... 34 UPCOMING EVENTS & COURSES.................................... 37 MEMBER SERVICES Lauren Baker

SPONSORSHIP / ADVERTISING SALES

Sydney Glen

Amy Puente

PEER REVIEW Cora Edwards E-LEARNING Akesha Brown Emily Trott SEMINARS/CONFERENCES Ryan Wey Rebecca Zimmerman GROUP LEARNING

SENIOR STAFF Tom Hood, CPA CEO

Krislyn Suljak

Jackie Brown COO

2019–2020 BOARD OF DIRECTORS

Skip Falatko, CPA CFO

Ray Speciale, CPA, Esq. Chair

Bill Sheridan, CAE CCO

Avonette Blanding, CPA, Vice Chair

Rebekah Brown, CPA Director of Development

Lexy Kessler, CPA Secretary/Treasurer

Pam Devine Director of Group Learning & Sales

Samantha Bowling, CPA, CGMA Immediate Past Chair

Mary Beth Halpern Director Technical Services/ Regulatory Affairs

Christine Aspell, CPA

WE WANT TO HEAR FROM YOU! See below to submit content Bill Sheridan | MACPA Dulaney Center II 901 Dulaney Valley Road Suite 800 Towson, MD 21204 FOR CONTENT SUBMISSION: bill@macpa.org feedback@macpa.org TO ADVERTISE IN THE STATEMENT: krislyn@macpa.org P: 410.296.6250 F: 410.296.8713 Toll free: 800.782.2036

Pat Byer, CPA

Dee Sullivan Director of Learning

Laura Dorsey-Shaner

Jeff Cook, CPA, CITP, CIPT, CISA

Debbie Zizwarek Director of Compliance

Chris Dougherty

Tricia Griffis, CPA

Terri Haw

Karen Syrylo, CPA

Jennifer Stevens

RIch Stang, CPA

Statement of fact and opinion are made by the authors alone and do not imply an opinion on the part of the officers or members of MACPA.

Amy Stumme

Denise West, CPA, CGMA

The Statement is published four times a year by the Maryland Association of Certified Public Accountants, Inc.

Leon Katznelson, Public Member

Bill Sheridan, Editor Krislyn Suljak, Advertising Sales

Katie Ainsley Natalie Atonakas

SUMMER 2019

The MACPA reserves the right to edit all submissions for grammatical style and / or length.

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CHAIR’S COLUMN

MACPA members overwhelmingly approve bylaws changes; now the real work of becoming future-ready begins

BY RAY SPECIALE, ESQ., CPA / ASSOCIATE PROFESSOR, MOUNT ST. MARY’S UNIVERSITY Remember the good old days when we could afford to move at our own pace?

It wasn’t long ago that our take-it-easy mantra was decidedly Ferris Bueller-ish: “Life moves pretty fast. If you don’t stop and look around once in a while, you could miss it.”

If only we had that luxury.

Today, if we take a day off to stop and look around, we’ll find ourselves woefully behind. Research done by Harvard Business School’s Clayton Christensen bears this out. He theorizes that in times of relative stability, the cost of not moving on new opportunities is close to zero. In times of great change and complexity, however, the cost of not innovating — of not trying new things and adapting new strategies and business models — can be enormous.

Forget ROI. A better question to ask in a changing and complex world is, “What’s the RONI? What’s the risk of not investing?” Today, that risk is extremely high.

We can’t afford to waste time. Given the pace of change today, there’s too much at stake.

Your association can’t afford to waste any time, either.

That’s why this spring we proposed a series of changes to the MACPA’s bylaws. The idea was to make the association more nimble, more flexible, and more able to deal with the impact of disruptive trends on our profession.

You agreed with those proposals, and you approved them overwhelmingly.

The changes will: • Give the Board of Directors greater discretion to respond quickly and fluidly to changes in the profession.

• Ensure that a majority of the seats on the MACPA’s Board of Directors are filled by licensed CPAs.

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• Update references to ethics requirements to reflect the MACPA’s current practices.

• Add language to allow for the use of various forms of electronic communication.

• Modernize and simplify the MACPA’s charter.

Our members approved the changes by a landslide in a vote in April and May. Nearly 95 percent of those voting approved of the changes.

The vote followed exposure of the proposed changes to thousands of MACPA members by the association’s CEO, Tom Hood, during a lengthy series of recent “town hall”-style professional issues updates. According to Hood, 86.8 percent of the members in attendance expressed strong support for the changes.

Much has happened since the last time the MACPA updated its bylaws nearly 20 years ago, and recent trends like advancing technology, workforce shifts, changes in firm structure, attempts to modify CPA licensure, and their related impacts on organizations have reinforced among MACPA leadership the need to refresh the document.

“Our chief concerns are, how do we become very nimble and proactive and not be burdened with massive governance requirements in order to keep up with these fast-moving changes?” Tom told our members recently. “How do we make sure the profession is ready to deal with disruption, and how can we help our members become future-ready?”

I believe these bylaws changes position the MACPA — and, by extension, its members — to provide the answers to those questions.

In his illuminating new book The rithmic Leader: How to be Smart Machines are Smarter Than You, ist Mike Walsh says this is human

AlgoWhen futurkind’s

moment to distinguish itself from our exponentially smarter technologies.

“While machines will get dramatically better at extracting insights from data, spotting patterns, and even making decisions on our behalf,” Walsh writes, “only humans will have the unique ability to imagine innovative ways to use machine intelligence to create experiences, transform organizations, and reinvent the world.”

We’ve been obsessed with the idea that machines are coming to take our jobs — and they will, assuming our jobs are mindless, repetitive, number-crunching monotony.

What most people have refused to accept is the idea that machines will create as many jobs as they destroy — more, in fact, according to the World Economic Forum’s most recent Future of Jobs report.

How do we — a legacy-based profession that’s grounded in the idea that we must spend most of our time looking behind us — take advantage of a sudden influx of new jobs that demand we look further ahead?

The answer is all about evolution.

“Rather than wondering if your job will disappear,” Walsh writes, “ask yourself, ‘What is the new job inside my old one?’”

With these changes to its bylaws, the MACPA has begun the search for its new job.

Are you ready to join us?

It’s my honor and privilege to assume the role of chair of the MACPA’s 2019-20 Board of Directors. I’m not certain what the next year holds for our association and our profession, but given the exponential pace of change, I’m sure it will be interesting.

I hope you join us in helping our great profession become more future-ready … and to help us find our new job inside our old one.

STATEMENT

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Earlier this year, he spearheaded an effort to change the MACPA’s bylaws to increase the association’s flexibility and adaptability in an increasingly changing and complex world. The changes will: • Give the Board of Directors greater discretion to respond quickly and fluidly to changes in the profession.

• Ensure that a majority of the seats on the MACPA’s Board of Directors are filled by licensed CPAs. • Update references to ethics requirements to reflect the MACPA’s current practices.

• Add language to allow for the use of various forms of electronic communication.

• Modernize and simplify the MACPA’s charter.

An association’s future?

Connections

In a changing and complex world, new MACPA chair Ray Speciale says our association’s relevance is in connecting people and ideas

B Y B I L L S H E R IDA N , CA E Ray Speciale has been thinking a lot about the future lately.

Not only the future of the CPA profession necessarily — though given the exponential pace of change, that’s never far from thought.

What really has captured his attention is the future of his association and the ways in which it’s governed. The MACPA has to be nimble and flexible enough to evolve as quickly as the business environment in which it operates, and Speciale — the newly installed chair of the association’s Board of Directors — said that flexibility starts at the top.

“It’s going to take a lot more time than my one year in office, but we need to start thinking about the most effective way to govern the association going forward,” said Speciale, who was voted in as the MACPA’s 2019-20 chair at the association’s Annual Meeting on June 6.

“What kind of committee structure do we need? How do we populate those committees?

What metrics do we need from the MACPA staff and administration so that the board can better assess the health and vibrancy of the association? That’s certainly going to be one of the things I’d like to work on this year.”

In fact, Speciale’s work in that area began before he even took office.

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Much has happened since the last time the MACPA updated its bylaws nearly 20 years ago, and recent trends like advancing technology, workforce shifts, changes in firm structure, attempts to modify CPA licensure, and their related impacts on organizations reinforced among MACPA leadership the need to refresh the document.

“Things are changing fast, and we’re doing our best to stay on top of what’s happening in the profession,” Speciale, an associate professor at Mount Saint Mary’s University, said at the time. “These governance changes will allow us to move with these types of trends more fluidly and effectively in the future.”

The proposed bylaws changes were approved overwhelmingly in a vote by MACPA members in April and May. Nearly 95 percent of those voting approved of the proposed changes.

Other issues also have Speciale’s attention.

• He would like the MACPA to play an increasing role in making sure the profession’s pipeline of incoming CPAs is filled with talented candidates — and to help those candidates clear the hurdles that stand between them and licensure. In particular, he would like the MACPA to have a voice in determining how the CPA exam must evolve to encompass the realities of today — and the eventual realities of tomorrow. “I think the MACPA can offer some insightful input to that process,” he said. “I’m hopeful the powers that be at the AICPA will listen to the state societies and allow them to be a collective leading voice in that process.”

STATEMENT

“The ability to connect to each other through an association like the MACPA is critically important today.” — RAY SPECIALE, CHAIR, MACPA’S BOARD OF DIRECTORS • He wants to investigate ways to ensure that members continue to have ready access to reasonably priced peer review.

• He worries about the continued relevance of traditional financial statements in a world of increasingly non-traditional organizations. In their 2016 book The End of Accounting, Baruch Lev and Feng Gu argue that “(d)espite the efforts of regulators around the world who strive to improve accounting and corporate transparency, the financial information they require to be disclosed no longer truly reflects the performance and value of business enterprises.” Speciale agrees and says that problem extends to smaller companies as well. “A great deal of their value is held in intangible assets, and we don’t even attempt to measure that objectively in today’s financial statements,” he said. “I think CPAs are well positioned to change that model so that the end product of our work will be more relevant to the public and the clients we serve.”

• The future of accounting education also is a challenge worth paying attention to, he said. Thought leaders throughout the profession say tomorrow’s CPAs will need to master a new suite of skills — non-technical competencies like communication, collaboration, anticipation, and strategic and critical thinking, not to mention new-world skills related to information systems and data science — in order to remain relevant. Shoe-horning those skills into an already packed undergraduate accounting curriculum is a challenge that may be difficult to overcome. “Something is going to have to give, and maybe that something will be on the traditional accounting side,” he said. “I’m asking rhetorically,

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obviously, but: Do we need an entry-level accountant to understand consolidations and not-for-profit accounting and governmental accounting right out of the block? Do we even need them to understand some of the intricacies of taxation that we currently focus on? Is there a better path to credentialing in particular areas like tax, data analytics, cyber security, etc., after licensure?” These are some of the questions educators undoubtedly will grapple with in years to come.

Despite the pace of change and the challenges it presents, Speciale is bullish on the MACPA’s future. In fact, associations of all kinds have a major role to play in this changing and complex world. Bringing members together for fruitful discussions about the future of their professions — the way the MACPA brings members together twice a year for town hall-style professional issues updates, for instance — is what an association is all about, Speciale said.

“The fact that we’re talking to each other as colleagues can only help,” he said. “When you’re facing the kinds of change we’re facing today, that’s where an association becomes far more relevant.

The ability to connect to each other through an association like the MACPA is critically important today. The value in that collegiality and that association and that ability to exchange information with colleagues in the profession is something to be prized and valued.”

Bill Sheridan, CAE, is editor of The Statement and chief communications officer of the MACPA.

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STATEMENT

MACPA’s 2019-20

Board of Directors The MACPA’s 2019-20 slate of officers and directors was voted into place at the association’s Annual Meeting, held June 6 in Frederick. Here’s a closer look at this year’s Board of Directors.

OFFICERS RAY SPECIALE, ESQ., CPA

CHAIR Employer: Mount St. Mary’s University Title: Associate professor Notable: A member of MACPA since 1993. Since 1989, has been a professor of law and accounting at Mount St. Mary’s University. A commercially rated pilot and flight instructor who operates a law practice dedicated exclusively to aviation-related legal and tax matters. In addition to his position at Mount Saint Mary’s, Speciale has his own CPA practice in Frederick, where he specializes in aviation matters, commercial law, taxation, and estate administration. Has written two books and numerous articles on issues impacting aircraft owners and pilots. From 2007 to 2013, served as the educator member of the Maryland State Board of Public Accountancy.

AVONETTE BLANDING, CPA

VICE CHAIR Employer: Maritime Applied Physics Corporation Title: Chief financial officer Notable: An MACPA member since 1999. In the early stages of her career, gained experience in finance and internal audit with one of Baltimore’s largest employers and in public accounting with a regional firm.

Joined Maritime Applied Physics Corporation in 2006 as controller; a year later, was promoted to chief financial officer. An active member of the MACPA’s Government Contractors Committee and an active CPA Career Awareness volunteer speaker.

SUMMER 2019

LEXY KESSLER, CPA

SECRETARY / TREASURER Employer: Aronson LLC Title: Lead partner, Government Contract Services Group Notable: An MACPA member since 2016. Has more than 30 years of experience in assurance, tax, and consulting. As a leader in her practice area and a member of Aronson’s Board of Directors, she also helps drive Aronson’s strategic direction and growth objectives.

Her reputation as an expert in her field is part of the personal brand that makes her sought-after speaker, and she has provided interviews and expert commentary to such media outlets as the Wall Street Journal, Federal News Radio, Law360, and Federal Times. As the first female chairman of Aronson’s Board of Directors, she advocates for women to pursue leadership roles. Named by The Daily Record as one of Maryland’s Top 100 Women for 2018. Recipient of the MACPA’s “Women to Watch” award in 2014 and the Montgomery County Chamber of Commerce’s Chairman’s Award in 2013.

SAMANTHA BOWLING, CPA, CGMA

IMMEDIATE PAST CHAIR Employer: Garbelman Winslow CPAs Title: Partner Notable: An MACPA member since 1998. Named one of two winners of CPA.com’s 2018 Innovative Practitioner Award, which recognizes innovation in process, services, or technology implementation in public accounting. In July 2005, became the first woman to be admitted as partner at Garbelman Winslow CPAs. Recognized in April 2018 and 2016 as one of Maryland’s Top 100 Woman by The Daily Record. Founder and chair of the MACPA’s task force for Equality, Diversity and Inclusion. Advisory board member for Branch Banking and Trust Company. An active member of the MACPA’s Southern Maryland Chapter Board since 1999. Her three-year term as a member of the AICPA’s Governing Council concluded in October 2017. Mentor for the AICPA’s 2016-17 Pilot Mentoring Program.

Mentor and co-founder of the MACPA’s 2016-17 Pilot Mentoring Program. Junior Achievement supporter and JA Biz Town volunteer. A 2014-18 sponsor of the MACPA’s Woman to Watch Awards and Student Leadership Academy. A 1993 magna cum laude graduate from Salisbury University. A member of the American Institute of CPAs, the National Association of Black Accountants, the AICPA Employee Benefit Plan Audit Quality Center, and the Maryland Chamber of Commerce. Team captain for the Avon Walk for Breast Cancer from 2005-11.

CONTINUED ON PAGE 8

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CONTINUED FROM PAGE 7

DIRECTORS CHRISTINE ASPELL, CPA Employer: KPMG LLP, Baltimore Title: Managing partner/audit partner Notable: An MACPA member since 1991. Has more than 25 years experience in providing assurance services to clients in the financial services industry and specializes in serving clients in banking, investment services, insurance, and real estate. Partnerin-charge of the Baltimore chapter of KPMG’s Network of Women, where she established the chapter in 2004. A member of KPMG’s Women’s Advisory Board, which helps oversee the advancement of women. Chair of the Loyola Accounting Advisory Board. A member of the Greater Baltimore Committee Board of Directors, the Downtown Partnership Board of Directors, the Center Club Board of Governors, the My Sister’s Place Leadership Council, the Maryland Zoo, the Girl Scouts of Central Maryland, the New America (Better Life Lab), and the St. Ursula School Finance Committee.

A “Maryland Top 100 Women” winner in 2012, 2015 and 2018.

PAT BYER, CPA, CGMA, CISA, CFF, CGFM, CISM, MBA Employer: CliftonLarsonAllen LLP Title: Managing principal, Maryland region Notable: A past managing partner of the Washington, D.C., region and the Federal Government Practice at CLA. A practice principal in the Federal Government industry segment. In more than 31 years of practice, has held various leadership positions in the local office, region, and firm, helping to shape strategic focus and direction while driving growth and increasing profitability both at the local office and the firm. A key player in starting the firm’s commercial and federal government practices in the DC region, resulting in CLA becoming a Top 10 firm in the local market.

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JEFFREY COOK, CPA, CITP, CISA Employer: Coalfire Systems, Inc. Title: Principal Notable: An MACPA member since 2015. A seasoned information assurance and public accounting professional with more than eight years of IT audit and consulting experience and more than 16 years of experience in public accounting and auditing. Worked extensively on SOC via the AICPA and has supported both SOC 1 and SOC 2 engagements, in addition to providing IT audit support for traditional financial statement audits. Has created procedures and provided training on riskbased IT audit procedures for financial audits to meet AICPA standards for IT risk and has functional knowledge of NIST standards, FISMA, and FedRAMP. Heavily involved with the AICPA by volunteering as a member of the AICPA CITP credential committee and was part of the SOC 2 working group, helping to develop the 2018 version of the AICPA SOC 2 guide. In June 2016, was a recipient of the AICPA Information Management and Technology Assurance IMTA Standing Ovation Award for outstanding professional achievement in the IT specialization area.

TRICIA GRIFFIS, CPA Employer: Frederick County Government Title: Director of Internal Audit Notable: An MACPA member since 2016. Also serves an internal audit role for Frederick County Public Schools and Frederick Community College. Prior to her experience with Frederick County, she was a senior manager with CohnReznick for 13 years, with expertise in state and local government, affordable housing, real estate, development, and construction. Continues to work part time during busy season in assisting CohnReznick in a review function. A thought leader with the MACPA’s Business Learning Institute. A founding member of the MACPA’s Mentoring Program who has served as an MACPA mentor for three years. A nominee in 2016 and 2017 for the MACPA’s “Women to Watch” awards and a proud member of the MACPA’s Diversity and Inclusion Program. Recognized in 2012 by Baltimore SmartCEO magazine as one of Baltimore’s top accountants. In addition to her volunteer efforts with the MACPA, Tricia is a board member with the Mental Health Association of Frederick County and leads as co-chair for its annual black tie gala, the “Catoctin Affair.” Also leads education efforts on behalf of the Maryland Government Finance Officers Association.

STATEMENT

LEON KATSNELSON Employer: IBM Title: Director and CTO, Strategic Partnerships for Data Science Notable: Joined the MACPA’s Board of Directors in June 2018 as a public (non-CPA) member. Award-winning international speaker and a published author who is always up on the cutting edge of technology trends. As director and CTO of IBM Strategic Partnerships for Data Science, leads a team of data scientists focused on artificial intelligence, machine learning, Big Data, and other applications of cognitive technologies in all areas of human endeavor. A strategic adviser to a number of startups, helping disrupt technology laggards with new business models based on blockchain, the Internet of Things, and A.I. RICHARD C. STANG, CPA, ABV, PFS Employer: DeLeon and Stang CPAs and Advisors Title: Founding partner Notable: An MACPA member since 1991. Specializes in tax preparation and strategic planning for both businesses and individuals. Skilled at handling corporate and individual tax issues, estate planning, investment management and insurance advisory services. With over 25 years’ experience in public accounting, Rich assists businesses with development and implementation of accounting systems, budgets and financial statements. He also consults with businesses in the areas of financial and tax planning. His previous experience with several large not-for-profit trade associations in various financial positions has given him valuable insight into helping his clients with their issues. A member of the AICPA and the Washington Metropolitan Chapter of the Community Associations Institute. A board member with the Corporate Volunteer Council of Montgomery County and The Asbury Foundation. Serves as treasurer of Community Ties, Inc.

SUMMER 2019

KAREN T. SYRYLO, CPA Employer: Karen T. Syrylo, CPA Title: Owner Notable: An MACPA member since 1978. Now a sole practitioner after having spent much of her career with Big 4 international accounting firms, where she was a state and local tax services group partner. Has specialized in multi-state tax consulting services for more than 35 years, working with clients in a wide variety of industries on matters of multistate tax planning, compliance, and audit defense and appeals, in income tax, sales tax, property tax, unclaimed property, and other taxes. The highlight of her tax career saw her initiate the Constitutional argument for the Wynne v. Comptroller case, which was ultimately successful in front of the United States Supreme Court. A longtime member and former chairman of the MACPA’s State Tax Committee, and a member of the planning committee for the annual Advanced Tax Institute. Has served on several tax study commissions established by the Maryland Legislature. Has been recognized as one of Maryland’s Top 100 Women by The Daily Record. Serves on the Board of Directors of Junior Achievement of Central Maryland, on an advisory committee to her county’s schools superintendent, and as co-chairman of the Maryland Chamber of Commerce’s Tax Committee.

DENISE K. WEST, CPA, CGMA Employer: Insight Homes, Inc. Title: Corporate controller and HR director Notable: An MACPA member since 1998. Has 20-plus years of accounting, finance and operations experience, specializing in several industries, including retail, residential home building, and commercial properties. Has been with Insight Homes, Inc., a residential home builder based out of Delaware, for the past three years. Her previous employment was with South Moon Under, a specialty apparel retailer, for 16 years, where she served as vice president of finance and operations. Has participated in the MACPA Women and Diversity Initiative Task Force and is active in the Eastern Shore community of Maryland.

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STATEMENT

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DIVERSITY AND INCLUSION Are we there yet? Diversity and inclusion in finance and accounting B Y K I MB E R LY E LLISON -TAYLOR, C PA, C GMA Editor’s note: The following article originally appeared in Accounting Today. It is reprinted here with permission.

My term as immediate past chairman of the Association of International Certified Professional Accountants and immediate past chairman of the American Institute of CPAs ended after the May 2019 council meeting. With this chapter closing, I wanted to reflect on one of the big challenges of our profession, and of many other professions — attracting, retaining, and advancing the best and brightest across all demographics. Yes, diversity and inclusion remains a key strategic business imperative for most organizations.

As the first person of color to serve as a chairman of AICPA, I’m proud to have added my voice and example to the inclusion discussion along with the many other leaders across the profession. During my tenure, I was fully prepared to discuss advocacy, member value across all segments of the profession, our new association, volunteerism in state societies, and initiatives for audit, tax, and advisory services, among others.

However, as I traveled across the United States and around the world, it became increasingly clear to me that I needed to also share my journey of mistakes, lessons learned, disappointments, being female in environments where there were few, being youngish, being a minority, growing up in the inner city of Baltimore, and yes, about work integration with my life as a wife and mom. Why? Because my story means that everyone and anyone can succeed — not in spite of our differences, but perhaps in part because of them. The synergy of new ideas based on different backgrounds and perspectives is essential to future-proofing our various organizations.

“Inclusion is where we can reap big

rewards by retaining, promoting and advancing all people. When we have inclusion, rather than just diversity, we strive to ensure no one group feels disenfranchised or threatened.” — KIMBERLY ELLISON-TAYLOR, CPA, CGMA Our profession is making progress and I am encouraged and inspired by the many initiatives and commitments underway. But are we there yet? The answer is, unfortunately, not yet. I say not yet because the unparalleled pace of change fueled by technology requires the best and brightest — across every component of diversity including race, age, gender, orientation, geography, religion, physical ability, socio-economic status, etc. There is no other option.

Before my term, I don’t know that I ever paid attention to diversity and inclusion as separate elements. But, over my tenure, I have developed an appreciation for inclusion as the harder initiative. Why? Two reasons: 1. Diversity is easier. Not easy, but easier.

Diversity is more about attracting different types of people, but it doesn’t go far enough. Inclusion is where we can reap big rewards by retaining, promoting and advancing all people.

When we have inclusion, rather than just diversity, we strive to ensure no one group feels disenfranchised or threatened. However, many people shy away from inclusion, as it requires uncomfortable conversations and confronting biases head-on.

2. Inclusion is a verb. It doesn’t stop and is ongoing. There is no destination. I have heard numerous times from leaders that their organization is gender- and color-blind. But how can that be when organizations are made up of people?

People who, in many instances, may not be aware of their biases?

Organizations that believe inclusion will work itself out without intervention will unfortunately not reap the full benefits of having a high-performing team. In the age of machines, a key way to avoid disruption is to ensure that various perspectives are considered and teams are challenged to think differently.

NEXT GEN LEADERS AND TECHNOLOGY TO PAVE THE WAY The great news is that there are two areas that will drive new initiatives and strategies for competitive differentiation in the workplace of the future: next-generation leaders and technology. These two areas were key discussion areas for me and provide a fast lane to an inclusive environment.

Dozens of guest lectures at universities with our future CEOs, CFOs, managing partners, executive directors, etc., give me great confidence about their ability to handle inclusion.

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DIVERSITY AND INCLUSION C O N T INUED FROM PAGE 11

Our millennial colleagues and Generation Z students are not shy about sharing their thoughts on what they expect from their work lives. Most are motivated not by money, but rather by corporate alignment with their personal mission, purpose and core values. So, when these generations value diversity and inclusion in their own lives, they expect no less in their careers. I have to admit that I find it fascinating that their collective sentiments are changing how firms and corporations approach talent management and social responsibility.

Technology is also a game-changer for diversity and inclusion initiatives, especially as it relates to technologies such as cloud, blockchain, Big Data, artificial intelligence, machine learning, augmented reality, Internet-of-Things, etc. With the adoption of these solutions, organizations require team members with digital skillsets. So, while 20 years of knowledge provides context, this technical knowledge will increas-

ingly be included in new applications that will transform organizations, thus enabling an opportunity to reset — for everyone.

Top leadership positions will be earned by those who leverage technology to add value inside their organizations, those who effectively lead people across diverse backgrounds and those who enhance their storytelling and problem-solving capabilities.

DREAM BIG FOR AN INCLUSIVE FUTURE If we focus on inclusion, rather than just diversity, maybe one day there won’t even be a need for specific months to highlight the accomplishments of those who are different. We would instead appreciate our differences and celebrate the accomplishments of everyone, regardless of background, 365 days a year. Wishful thinking, I know, but right now progress is made up of small steps, and that includes cheering the loudest during opportunities to recognize the diversity around us, such as

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Black History Month and Women’s History Month. Diversity and inclusion as a new normal is an ideal worth striving for — one that Christine Ross, the first female to pass the CPA exam in 1898, and Mary T. Washington Wylie, the first African American female CPA in 1943, helped set in motion.

So, while we are not there yet, by working together, we can make a difference and lift as we climb. I am grateful to stand on the shoulders of the leaders who came before me, allies who are courageously adding their voices, the Maryland Association of CPAs and those mentors, coaches and sponsors — both men and women — who helped a little girl from the inner city of Baltimore grow up to become chairman of the world’s largest accountancy body.

Kimberly N. Ellison-Taylor, CPA, CGMA is a global strategy leader at Oracle. She has previously served as chair of both the AICPA’s and the MACPA’s boards of directors.

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FINANCIAL PLANNING Five steps to building tax efficient portfolios B Y C H R I S B E N SON , CPA , P FS 1. ASSET ALLOCATION This is the fundamental building block for any portfolio, whether the portfolio is tax-efficient or not. However, it is critical to develop an overall asset allocation plan for the client’s entire portfolio, not just isolated accounts. In order to build a tax-efficient portfolio properly, you need to consider all the different account types held by your client.

2. ASSET LOCATION Once you develop an asset allocation plan for your client, you need to decide where to locate those assets.

The first step is simply to assess what types of accounts the client has and how much of the overall portfolio is in each type of account. The general categories are taxable, tax-deferred, and tax-free, although consideration should also be given to clients who also have assets in trusts, 529 plans, health savings accounts, donor-advised funds, foundations, and other accounts with specific tax attributes.

There is a very simple way for financial advisors to save their clients’ money and improve their investment results, and that is by building tax-efficient portfolios. For many clients, taxes could be the single biggest expense they face each year. While last year’s tax reform bill reduced tax rates overall, the top ordinary rate is still 37 percent and the top capital gains tax rate is 23.8 percent, and that’s before you factor in state income taxes.

Building tax-efficient portfolios is a multi-step process, so let’s take a look at these steps through the lens of a tax-efficient portfolio pyramid. This starts with the foundational building blocks of a portfolio, and each layer adds a way to improve the tax efficiency of the portfolio. Let’s go through each level of that pyramid from the ground up.

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The second step is to assess the tax attributes of the asset classes that you plan to use. Assets such as high-yield bonds are generally the least tax-efficient because they generate ordinary income that is taxed at higher rates. Stocks are generally more tax-efficient due to the lower qualified capital gains and qualified dividend tax rates. Municipal bonds should only be held in taxable accounts, but their inclusion should be weighed against using taxable bonds in a tax-deferred account.

The final step in the asset location decision is to determine which accounts should hold which assets. You want to place the least tax-efficient assets in the tax-deferred or tax-free accounts and, conversely, the more tax-efficient assets in the taxable accounts.

However, you should also be aware of two additional factors when making these decisions. First, you want to consider which accounts will be spent first in retirement and which will be allowed to grow over a longer period. For example, a Roth IRA might be the last account your client taps in retirement. That means you’d likely want to place assets with higher long-term growth potential in that account.

You also have to be aware of investor behavioral issues, which likely prevent you from building the optimally tax-efficient portfolio. While it might make sense to put all taxable bonds in the IRA and all stocks in the taxable account, how will your client react when those accounts start showing drastically different performance numbers?

STATEMENT

FINANCIAL PLANNING 3. INVESTMENT SELECTION Once you decide how much to put in each asset class and which asset class will go in which account, you need to determine what type of investments you will use. Will you be using individual stocks and bonds or mutual funds and ETFs? Will you use index funds or active managers? Low-turnover investments are better suited to taxable accounts, while more actively managed strategies might be better off in a tax-deferred account.

ETFs generally tend to be more tax-efficient, but there are also mutual funds that offer ‘tax-managed’ versions that might be appropriate in taxable accounts. There are many decisions to be made here, but many of them will be decided by your overall investment philosophy.

4. MAINTENANCE Your job isn’t done yet! There are plenty of ways to reduce your client’s tax bill on an ongoing basis through tax-efficient portfolio management. These include tax-loss harvesting if there are unrealized losses in portfolios or harvesting gains if a client is having a very low-income year. Rebalancing the portfolio back to target allocations is important, and the tax impact of that rebalancing should be assessed before any changes are made. If the client is in the accumulation phase, you should consider the most tax-friendly ways to add more to the portfolio. If the client is in the decumulation phase, you should review their tax situation each year and address their withdrawal strategy, including where to take cash to cover living expenses. Managing a client’s tax brackets – particularly in the years before the required minimum distributions begin at the age of 70.5 – can add tremendous value to their long-term plan.

While the performance of the investment markets is out of your control, taxes are not.

Don’t overlook an excellent way to provide value to your clients.

5. AUTOMATION As technology improves every year, it becomes easier to build and manage tax-efficient portfolios. There are many companies out there building software solutions that will make it easier for you to do things such as tax-loss harvesting and developing tax-efficient withdrawal strategies. Although building the algorithmically optimal tax-efficient portfolio might not be the right behavioral answer for your clients, you can still use technology to point you toward a more tax-efficient portfolio.

You don’t have to be a CPA to help your clients improve their investment outcomes through proper tax planning. While the performance of the investment markets is out of your control, taxes are not. Don’t overlook an excellent way to provide value to your clients.

Chris Benson, CPA, PFS, is a principal with LK Benson and Company in Towson.

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FINANCIAL PLANNING The best laid plans: When retirement is unnecessarily too short B Y M I C H E L L E FRITSCH, P H A RM . D .

Retirement should be a meaningful, active, sustained, and healthy time of life.

Those things are more likely with planning and preparation.

I am sad.

I am surprised.

I am mad.

So, I need to take action.

Retirement is often not the golden age of happiness that is dreamed.

Retirement is a major life transition — up there with marriage, having children, and moving. I have been researching more and more about retirement. As a health care professional, I have seen too many people lying in a hospital bed with their future retirement plans dashed. And too many times, the event that led to the hospital could have been prevented. If only things had gone differently hours, days, months, or years earlier, this hospital visit could have been avoided.

ROLE OF MEDICATION USE Medication use plays a part in these avoidable events at least 80 percent of the time.

There are many ways medication can be part of the problem: 1. Not taking a medication that is prescribed.

2. Taking too much of the medication.

3. Taking too little of the medication.

4. Taking a medication for one thing that makes another problem worse.

5. Taking medications that are not safe together.

6. Having a severe side effect from a medication.

7. Not seeking medical care for a problem that should be treated with medication.

8. Taking a medication when no medication is needed.

Medications are not benign.

Medications are not all bad.

Medications can save lives.

PREPARING FOR THE FUTURE Sometimes the preventable problem is related to lack of planning for retirement.

Most people think of money when they think of retirement planning. There are many professionals who dedicate their careers to helping people secure the finances for retirement. Others focus on insurance and protection of assets.

Few have made plans for the enormous lifestyle transition that is retirement. Those who especially struggle with the transition are: • people who are very busy at work with a lot of responsibility, • those who always have people lined up to talk with them, • those who are decision makers, and • those who run a company.

WORK WITHDRAWAL The withdrawal from the daily demands of work can be similar to any other withdrawal from an addiction. Symptoms the first few days can include restlessness, frustration, anger, palpitations, and a sense of loss.

Later withdrawal symptoms can include depression, despondence, loneliness, feelings of inadequacy or irrelevance, anger, lack of concentration, and irritability.

PLANNING FOR RETIREMENT Finding the retirement years of your dreams takes planning. How will you prepare for the first day the phone no longer rings, people are no longer lined up outside your office, and the big decisions are made without your input?

We dream of retirement practically from the time we start working. The thought of a break from the pressure sounds wonderful.

Then it happens.

I have talked to many people, most thinking they had planned well for retirement, who are then surprised and disappointed when the realities of the transition hit.

Others plan to never retire to avoid going through this.

A successful transition to many happy years and a long delay of functional decline is possible!

Dr. Michelle Fritsch is a healthcare professional board certified in care for people over 60. She is a nationally recognized expert in health at retirement and beyond. Learn more at RetireWellness.com or call (410) 472-5078.

34TH ANNUAL

ADVANCED PERSONAL FINANCIAL PLANNING CONFERENCE Don’t miss the MACPA’s 34th annual PFP Conference Dr. Michelle Fritsch will be among the speakers at the MACPA’s 34th annual Personal Financial Planning Conference, scheduled for Oct. 29 at the Loyola Graduate Center.

Attendees will receive advanced training in topics including estate tax, insurance, retirement planning, investments, divorce and more.

For complete details, visit MACPA.org/PFP.

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HIGH-TECH SOLUTIONS Accounting A.I. and machine learning: Applications and challenges

BY J.L. “JOHN” ALARCON, CPA, CGMA, CITP; TROY FINE, CPA, CITP, CISA; AND CORY NG, CPA, DBA, CGMA Editor’s note: The following article appeared in a special edition of the Pennsylvania CPA Journal called Accounting and Technology: PICPA’s Guide to an Evolving Profession. It is reprinted here with permission.

Information technology research firm Gartner defines A.I. as systems that change behaviors without being explicitly programmed, based on data collected, usage analysis, and other observations.2 Regarding machine learning, Gartner views it as a technical discipline to solve business problems using mathematical models that can extract knowledge from data (as opposed to traditional software engineering, which aims to solve business problems by explicitly defining the software logic). For Gartner, A.I. employs machine learning, deep neural networks (a variant of machine learning),3 and other technologies to analyze huge amounts of data beyond simple algorithms to achieve new levels of performance and insight. Examples of other technologies employed by A.I. include natural language processing (ability of a system to understand written or spoken human speech), planning systems (ability to find optimal path), and agents and bots (ability to perform complex, repetitive tasks involving interaction among multiple data sources or systems).

Artificial intelligence and machine learning have become industry buzzwords.

This article discusses the state of A.I. and machine learning as they relate to accounting, and the challenges the profession may face moving forward as these technologies start to spread.

A.I. AND MACHINE LEARNING A.I., sometimes referred to as cognitive computing, is currently considered a broad category of technologies that can imitate or simulate human behavior. Some A.I. aim at mimicking human behavior, some aim at surpassing human performance.

In the context of accounting, A.I. and machine learning technologies – embedded in existing applications or combined with other technologies such as robotic process automation (RPA)4 – are expected to automate a significant part of the mundane tasks performed by CPAs today, such as document and data collection from clients and third parties; document recognition and classification; data extraction from documents and entry into accounting, auditing, tax, or other systems; approvals (such as invoice or expense approvals), confirmations, and reconciliations; computations and analysis (from trend analysis to predictive analytics); and answering inquiries.

APPLICATIONS The current fascination around A.I. and machine learning is related to the explosion of digital information combined with significant improvements in technological areas, such as mobile computing, internet of things, big data analytics, speech recognition, and image recognition. Add to that the significant improvements in availability and affordability of computing power and web-enabled infrastructure and storage. Popular A.I. and machine learning platforms for software developers include Amazon A.I., Machine Learning on AWS, Microsoft Azure Machine Learning Studio, and IBM Watson. Other big names making A.I. and machine learning a part of their core strategy include Google, Oracle, SAP, and Salesforce, to name only a few.

In use by 40 of Top 100 firms

In a recent article, InfoWorld contributor Kevin Gidney, co-founder of Seal Software, refers to A.I. as a broad description of any device that mimics human or intellectual functions, such as mechanical movement, reasoning, or problem-solving.1 He defines machine learning as a subset of A.I. consisting of a statistical and data-driven approach to creating A.I., such as when a computer program learns from data to improve its performance.

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Consumers are already using A.I. and machine learning technologies in their day-to-day lives via their smartphone (including apps such as Siri, Cortana, Pandora, Waze, and Uber), virtual personal assistant speakers (including Amazon Echo and Google Home), and social networks (such as LinkedIn and Facebook, which use machine learning to increase the relevance of their feeds or ads).

A.I. and machine learning technologies are rapidly making their way into the business-to-business world too, with early adoption reported in many sectors, including financial services, health care, manufacturing, retail, supply chain, and government.

Adoption of these advanced technologies within business applications offers new levels of process automation as mentioned above (such as capturing and classifying documents, extracting relevant data, etc.). Other examples of usage exist in auditing and tax. For example, Deloitte has partnered with Kira to automate document review, including extracting relevant terms from contracts, leases, employment agreements, invoices, and other legal documents.5 Incorporation of A.I. and machine learning into the accounting profession is not limited to Big Four firms. At its latest annual business summit in Philadelphia, EisnerAmper LLP discussed its progress in implementing IBM Watson’s capabilities in auditing and tax, primarily to automate tasks related to document review and data analysis.6 The firm also presented a video showing an A.I.enabled RPA solution it recently implemented as an illustration of advanced business process automation in action, from the digital capture of an accounts payable invoice to its processing.

Some challenges inherent in the accounting implementation of A.I. and machine learning include the varying degrees of maturity of these applications, data normalization and quality, a lack of standards, a lack of skills among employees, security and privacy concerns, a lack of transparency (black box systems provide limited transparency on the system’s reasoning, assumptions, and computations), the danger of overreliance on A.I. systems, and the potential risks related to human bias.

CURRENT USES CPA firms are using A.I., machine learning, and RPA to increase efficiency and quality. By using these technologies, CPAs are reallocating their time to performing high-value, high-impact tasks.

These technologies are also resulting in more complete and accurate audits, which in turn increase stakeholders’ confidence when reviewing audit reports.

In addition to the examples above, there are several other examples of how Big Four firms are implementing A.I. and machine learning. According to a recent Forbes article, Deloitte is using natural language processing to review hundreds of thousands of legal documents to identify change control provisions as part of a client’s sale of a business unit. The article states that this process used to keep dozens of employees occupied for half a year, but with the implementation of the natural language processing system, the number of employees on the task was trimmed down to eight and the time the company spends on the task was down to less than a month.

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The same article describes how EY is using natural language processing to review leases to ensure that they comply with the new lease accounting standards. Prior to the implementation of its system, EY had to manually review each lease – a process prone to error and inefficiency. The natural language processing system is said to be three times more consistent and twice as efficient as the manual process. The Forbes article also relates how EY is using machine learning to detect anomalies and fraudulent invoices. It indicates that the technology is 97 percent accurate at identifying faulty invoices, and has enabled the organization to minimize its risk exposure when it comes to violating sanctions, anti-bribery regulations, and other aspects of the Foreign Corrupt Practices Act.7

CPA firms are using A.I., machine learning, and RPA to increase efficiency and quality. By using these technologies, CPAs are reallocating their time to performing high-value, high-impact tasks.

Assurance departments are looking to A.I. to significantly increase the efficiency and quality of audits by enabling them to focus on high-risk areas and reduce manual tasks. Instead of performing sample-based testing on a random selection of transactions, A.I. can be used in the planning stages to analyze the entire general ledger and identify transactions considered high risk or “out of the ordinary.” By doing this up front, auditors can focus their attention on the transactions that represent the most risk and plan the audit accordingly. In this situation, A.I. is allowing assurance professionals to perform better audits, which in turn provides more value to their clients and more confidence to stakeholders and investors who are relying on audit reports.

Surfing on the wave of popularity around A.I., RPA solutions are gaining popularity too, especially when it comes to internal control testing. Internal audit departments are looking to RPA to assist with manual testing. For instance, when performing control testing, internal auditors typically have to log in to several systems to obtain the appropriate evidence for testing. Obtaining the evidence alone for each sample selected is cumbersome, and could take as long as an hour for each sample being tested. RPA solutions could obtain the evidence for the auditor and, depending on the type of test, may even be able to complete the testing.

By using RPA, internal auditors will be able to focus their time on high-value tasks, such as analyzing the results of testing to determine if significant control deficiencies exist.

STATEMENT

HIGH-TECH SOLUTIONS On the corporate side, accounting departments are looking to RPA to assist with manual and repeatable processes. For example, accounts payable invoice processing is typically a manual process that requires input from multiple departments. Thus, payments on invoices are often delayed and, as a result, business can be disrupted and opportunities for discounts on payments are missed, resulting in higher costs for the organization.

privacy regulations, such as the European Union’s General Data Protection Regulation, by storing new types of data. As the use of A.I. becomes mainstream, CPAs will have to pay close attention as rules and guidelines emerge. The AICPA, the Securities and Exchange Commission, and the Public Company Accounting Oversight Board will likely develop rules and guidelines around the use of A.I. when performing attestation engagements.

In addition, business-critical vendor relationships could be impA.I.red due to inefficient payment processes. RPA can be used by accounts payable departments to automate a significant portion of the invoice processing workflow. An RPA solution can be used to automatically read invoices, import specific data from invoices into the enterprise resource planning (ERP) system, perform a three-way match, route the invoice to the appropriate personnel for approval, and submit the payment to the vendor. In addition, an RPA solution can identify exceptions and notify the appropriate personnel for manual review.

ETHICAL IMPLICATIONS One of the hallmarks of the CPA profession is the requirement for CPAs to adhere to a high level of ethical standards. As adoption of A.I. and machine learning grows, it is important to contemplate the ethical implications of this technology for the accounting profession. A.I. and machine learning systems are not inherently ethical or unethical. However, unscrupulous programmers could design A.I. and machine learning models that lead to negative outcomes.

RISKS Even though A.I. and machine learning can provide significant value, CPAs must be aware of the risks these technologies bring to the profession.

One important risk that CPAs should understand is algorithmic bias.8 If the data used to train an A.I. system or the algorithm used in A.I. is inherently biased due to poor input of data or poor algorithm design, the A.I. technology will potentially output bad results, causing wrong decisions to be made.

Algorithmic bias could have significant implications on a financial audit. For instance, if auditors are relying on A.I. technology to identify high-risk transactions and patterns of fraud as part of the audit, but the data used to train the algorithm did not include appropriate historical data to enable the technology to appropriately identify high-risk transactions and patterns of fraud, then there is a significant risk that the auditor may rely on poor results from the system. If the auditor is relying on this data to plan testing procedures, then there is a risk that the auditor will design inadequate procedures based on the results of the A.I. technology.

In addition, CPAs in practice or industry should consider security and change management risks associated with A.I. technology.

A.I. systems may have access to vast amounts of sensitive data, so CPAs must ensure appropriate controls are in place to mitigate the risks of unauthorized access and unauthorized disclosure of sensitive data accessed by the technology.

Furthermore, CPAs should ensure that organizations employ change management controls that mitigate the risk of unauthorized, incorrect, and inadvertent changes being made to the technology. If these types of changes are occurring, then auditors face the risk of making wrong decisions based on poor results.

As always, CPAs should consider the relevant regulations. For example, CPAs should be aware of potential risks of violating

For example, imagine an A.I. algorithm that is biased against individuals or groups that belong to a certain racial, religious, or socioeconomic category. This could lead to unintentional discrimination by underwriters responsible for approving loans or in determining insurance premiums. As a result, firms using this technology and their auditors could be exposed to potential lawsuits.

Thousands of complex rules may be associated with one A.I. model. Therefore, transparency of the programming becomes paramount to help avoid algorithmic bias. As opposed to a “black box” approach, the rules engine should be made visible to authorized users of the systems by providing the ability to explain the reasoning behind the results or recommendations. A.I. and machine learning software firms, particularly those that participate in the accounting realm, should work closely with CPAs (who are bound by a code of conduct) to ensure that systems behave ethically in the performance of services. This undoubtedly would help mitigate the risk of unethical or biased coding.

Significant opportunities will emerge for CPAs to review A.I. and machine learning systems and the internal controls around these systems to help ensure applications comply with ethical standards, that the coding is unbiased, and that the rules engines are transparent to authorized users. Achieving adequate internal controls and transparency will require a coordinated effort among software developers, accounting firms, and professional organizations such as the AICPA, the Institute of Management Accountants, the Institute of Internal Auditors, and ISACA. Where existing laws and regulations do not adequately address the risks and ethical challenges associated with A.I. and machine learning, regulators will likely respond by either creating new rules or modifying existing ones. They will have to respond quickly, but also be cautious about tailoring legislation or regulations too narrowly. As Channa Wijesinghe, CEO of the Accounting Professional and Ethical Standards Board in Australia, noted, “It is going to be a challenging task for regulators and lawmakers to stay on top of C O NTI NU E D O N PA GE 22

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A.I. due to its rapid pace of development. When legislation is written with specific A.I. systems in mind, it may become obsolete by the time the legislation is approved.”9 Developing legislation and regulations that address specific A.I. systems today must be flexible enough to encompass the inevitable advances that will take place.

How will the profession ensure a high ethical standard as A.I. and machine learning technologies become more prevalent? Many experts call for the development of a framework that specifically addresses the potential ethical challenges of A.I. and machine learning adoption. Professional accounting organizations, such as the AICPA, should work cooperatively with federal and state regulators to develop guidance to ensure that A.I. and machine learning tools are used appropriately and fairly in accounting and auditing.

CONCLUSION A.I. and machine learning systems have the potential to dramatically improve decision-making and the efficiency of business operations. The ability of these systems to process large volumes of data and produce results with increased accuracy and consistency when compared with humans will have a significant impact on the accounting profession going forward.

Although adoption of A.I. and machine learning systems is still in the early stages, it is important for CPAs to understand their potential and limitations, including the ethical challenges. A.I. and machine learning will enable CPAs to spend less time on data preparation and analysis and more time on interpreting results and developing insights. CPAs should develop expertise in A.I. and machine learning tools as a strategy to add value to their organizations and clients.

Footnotes 1. Kevin Gidney, “Demystifying Machine Learning,” InfoWorld (April 11, 2018).

2. “Machine Learning: FAQ from Clients,” Gartner research note (July 31, 2017).

3. Sometimes referred to as deep learning, a type of machine learning able to identify complex patterns out of large numbers of hidden data layers.

4. RPA is an advanced form of business process automation software.

5. Julia Kokina and Thomas H. Davenport, “The Emergence of Artificial Intelligence: How Automation Is Changing Auditing,” Journal of Emerging Technologies in Accounting, vol. 14, no. 1 (spring 2017).

6. 8th Annual EisnerAmper Philadelphia Business Summit, Philadelphia (Nov. 8, 2018).

7. Adelyn Zhou, “EY, Deloitte and PwC Embrace Artificial Intelligence for Tax and Accounting,” Forbes (Nov. 14, 2017).

8. As defined by research firm Gartner, an algorithmic bias occurs when an algorithm reflects the implicit bias of the individuals who wrote it or the data that trA.I.ned it. Source: “Top Strategic IoT Trends and Technologies Through 2023,” Gartner research note (Sept. 21, 2018).

9. Machines Can Learn, but What Will We Teach Them? Ethical Considerations around Artificial Intelligence and Machine Learning, Chartered Accountants Australia and New Zealand.

J.L. “John” Alarcon, CPA, CGMA, CITP, is chief financial officer for LoanLogics in Trevose and a member of the Pennsylvania CPA Journal Editorial Board. He can be reached at john.alarcon@loanlogics.com.

Troy Fine, CPA, CITP, CISA, is manager, risk advisory services, for Schneider Downs & Co. Inc. in Pittsburgh and a member of the Pennsylvania CPA Journal Editorial Board. He can be reached at tfine@ schneiderdowns.com.

Cory Ng, CPA, DBA, CGMA, is an assistant professor of instruction in accounting at the Fox School of Business at Temple University in Philadelphia and a member of the Pennsylvania CPA Journal Editorial Board. He can be reached at cory.ng@temple.edu.

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TAX CORNER Avoid tax traps with a timely appraisal New basis-consistency requirements make defensible valuations of inherited property even more important B Y T H O MA S J . STE M M Y, CPA Editor’s note: The following article originally appeared in the Journal of Accountancy.

BASIS-BUILDING: THE BEST PLANNING STRATEGY FOR NON-TAXABLE ESTATES Estates got more good news when the TCJA did not attempt to eliminate what some call the biggest loophole in the Code — basis “step-up.” Too often, taxpayers fail to recognize this major tax-saving benefit in Sec. 1014, which allows inheritors to step up the tax basis of inherited assets to their date-of-death value.

On the other hand, tax professionals have been keeping a close eye on this major tax benefit and have been prompt in sharing ideas for building basis in this new estate-planning environment.

Here are just a few of the popular suggestions that are seen more frequently since the TCJA’s enactment.

Informed taxpayers are aware that only the wealthiest individuals should have concerns about the federal estate and gift tax, for gifts given and decedents dying in 2018 through 2025. Thanks to the legislation known as the Tax Cuts and Jobs Act (TCJA), the basic exclusion amount is more then $11 million per individual ($22 million for married couples), indexed for inflation. Now estate planners are spending less time and using fewer resources trying to avoid federal estate taxes for clients. They are instead paying closer attention to minimizing clients’ income tax bills. Further, more taxpayers have been modifying their old estate plans, if not dismantling them completely.

• Review clients’ overall lifetime gifting plan: Avoid gifting highly appreciated property so that clients and their families can lock in the basis step-up adjustment at death. Alternatively, consider gifting assets with a higher tax basis or those that are slower to appreciate in value.

• Consider transferring assets to the spouse who is likely to die first: However, clients may want to use an irrevocable trust so that the basis step-up is not lost under Sec. 1014(e). This strategy might also work well with asset transfers to older family members.

• Grantor trusts can help establish basis step-up: Irrevocable grantor trusts have become increasingly popular in estate planning. Under Sec. 675(4)(C), substitution powers are available by which the grantor can transfer high-basis assets to the trust in exchange for low-basis assets. The grantor could then hold the assets until death and thereby secure a basis step-up for his or her heirs.

• Revisit old credit shelter trusts: Credit shelter (bypass) trusts were likely funded when married couples faced a federal estate tax. After the TCJA, however, these trusts should be re-examined to determine whether it would be better to include the trust assets in the estate of the surviving spouse so that step-up benefits can be obtained. Techniques for modifying these trusts should be explored.

• Other existing trusts may also no longer be necessary: Life insurance trusts, qualified personal residence trusts, and other irrevocable trusts also must be reviewed since they may now have negative tax consequences. As with any legal documents, the taxpayer’s attorney should be consulted to determine whether modifications could be made without compromising non-tax advantages, such as divorce or creditor protection.

C O NTI NU E D O N PA G E 26

SUMMER 2019

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TAX CORNER C O N T INUED FROM PAGE 25

Establishing a higher tax basis for assets from an estate might be a major tax saver. However, estate planners and beneficiaries need to be aware that some strings may be attached. Most important, evidence is mounting that the IRS is well aware that creative stepup techniques will, in many cases, wipe out revenues from capital gains taxes. And when independent appraisers are relied upon to establish basis step-up, the methods and assumptions they use could be subject to increasing scrutiny in the coming years.

TIMING COULD BE EVERYTHING FOR A CREDIBLE VALUATION The general rule under Regs. Sec. 1.1014-1 is that the “basis of property acquired from a decedent is the fair market value of such property at the date of the decedent’s death” (or the alternative valuation date). However, the more time elapses, the more difficult it can become to establish a defensible valuation when looking back to the date of death.

It is interesting to note that prior to tax legislation in 2015, the IRS was short on weapons to challenge date-of-death valuations — particularly when stepped-up values for basis were not consistent with the values used for estate tax purposes. The Service had to rely on a “duty of consistency” approach under a quasi-estoppel doctrine to support its challenges to date-of-death valuations. This all changed in 2015 with the passage of the Surface Transportation and Veterans Health Care Choice Improvement Act, P.L. 114-41.

To find specific guidelines on how to secure an acceptable fair market value for estate and inherited basis purposes, many refer to the instructions for Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return. However, even when a return is not required, it is logical to conclude that these same guidelines are expected to be followed when determining fair market value for step-up purposes to avoid a valuation misstatement.

Since that time, “basis consistency” became a statutory requirement, and it sends a clear message to estate executors and responsible parties by way of Secs. 1014(f) and 6035, both of which were added by the Surface Transportation and Veterans Health Care Choice Improvement Act. Under threat of penalty, the valuations that are used for estate tax reporting must not only be accurate, they must also match the basis claimed by the beneficiary. To accomplish this, for estates subject to the requirement, new Form 8971, Information Regarding Beneficiaries Acquiring Property From a Decedent, is now required to be filed with the IRS, and Schedule A of the form must be sent to the beneficiaries.

Schedule A provides specific details on every asset valuation that is reported by the estate. For more, see “Estate Basis Consistency and Reporting: What Practitioners Need to Know,” JofA, June 2016, tinyurl.com/ycjqzxsw.

This strict new basis-consistency rule might be regarded as the first real IRS effort to monitor aggressive tax-saving valuations — even though it targets only those estates that incur an estate tax liability. However, recent history shows that the Service has already begun keeping an eye open for any (too-good-to-betrue) valuations that serve to eliminate income taxes. One of the IRS’s tools is the Sec. 6662(e) 20 percent accuracy-related penalty, which applies when it is shown that a tax underpayment results from a “substantial valuation misstatement.” In addition, an accuracy-related penalty applies under Secs. 6662(b)(5) and (g) for an underpayment of tax resulting from “any substantial estate or gift tax valuation understatement,” defined as the value of property claimed on an estate or gift tax return that is 65 percent or less of what is determined to be the correct value.

Consequently, all professional advisers are now wary of a wide range of penalties that might apply to valuation misstatements.

Tax return preparers face a risk of penalty under Sec. 6694 if they knew, or should have known, of a valuation misstatement that constituted an unreasonable position lacking reasonable cause. A valuation professional who know, or should have known, about a substantial valuation misstatement that was used on a tax return or claim for refund faces a risk of penalty under Sec. 6695A.

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A CLOSER LOOK AT THE TIME-SENSITIVITY FACTOR The Form 706 instructions seem to suggest that it would not be a good idea to delay obtaining an independent (date-of-death) appraisal for inherited assets — unless those assets happen to be cash or marketable securities. The form instructions and Rev. Rul. 59-60 make clear that a snapshot approach must be followed.

That means the valuation must be based on the facts and circumstances that are available on the specific valuation date (the date of death) and not months or years later.

In one example in the form instructions, the IRS demonstrates the importance of time sensitivity by providing guidelines for valuing a publicly traded security at the time of death. The fair market value of the security must be the mean between the highest and lowest selling prices quoted on the specific valuation date. And, to be even more specific, if there were no sales with which to compare on the valuation date (such as on a weekend), it is necessary to find the mean values on the “nearest trading dates” (i.e., outside that weekend).

With this kind of fixation on time sensitivity, it is easy to see why some beneficiaries could face IRS challenges if they wait too long to obtain an appraisal for assets that are not tracked daily like publicly traded securities. Those assets might include a small business operation, a family limited partnership, a sole proprietorship, a limited liability company, a real estate holding entity, or, for that matter, any other type of investment property.

HURDLES FACING HISTORICAL APPRAISALS Retrospective valuations can be daunting for an independent appraiser who is attempting to establish a defensible valuation for an inherited asset that is likely to lower someone’s tax bill. It’s not always easy to dig up historical books, records, and data, but they are needed to formalize a valuation report under acceptable valuation standards, as expected by the IRS. SUBSEQUENT EVENTS With more passage of time, the independent appraiser will face greater challenges because “subsequent events: that might occur after the date of death can affect the property’s value. However, subsequent events are generally not expected to be considered STATEMENT

TAX CORNER when determining the date-of-death value. The AICPA State on Standards for Valuation Services, VS section 100, paragraph 43, Subsequent Events, states: “Generally, the valuation analyst should consider only circumstances existing at the valuation date.

It goes on to state, essentially, that subsequent events indicative of conditions that were not known, or knowable, on the date of death should not be used in the baluation. This is the general rule, even though disclosures of subsequent events may be warranted, so long as it is indicated they are for informational purposes only and do not affect the valuation.

However, events that were reasonably forseeable on the valuation date by a hypothetical buyer and seller should, in certain cases, not be disregarded. This was clearly demonstrated in at least one Tax Court case in which the sale price of (non-publicly traded) stock after the date of death was accepted as an indicator of its fair market value on the date of death (Estate of Noble, T.C. Memo.

2005-2).

THE ULTIMATE TAX TRAP: ‘ZERO TAX BASIS’ As shown, with many inherited assets, there are certain risks for failing to obtain a timely appraisal that will be counted on to substantiate the stepped-up basis. The new basis-consistency rules have created another risk that can arise out of the failure to obtain an appraisal: a zero basis for the inherited property.

Under the rules in Prop. Regs. Sec. 1.1014-10(c)(3)(ii), if an estate tax return was required to be filed for a decedent’s estate under Sec. 6018(a) and the executor of the estate failed to file a return, a taxpayer inheriting property from the decedent would have a zero basis in the property until a final value was established for the property. Thus, if an executor of an estate did not file Form 706, it could bring on the worst tax nightmare for a taxpayer inheriting an asset from the estate: a zero basis for the asset. With a zero basis, the taxpayer is potentially liable for tax on the full amount realized on the asset’s disposition.

Consider this example: A taxpayer inherits an investment property from the decedent before the enactment of the basis-consistency requirement in Sec. 1014(f) and the related asset value reporting requirements in Sec. 6035. The executor of the decedent’s estate does not have the investment property appraised, which results in gross undervaluing of the investment property by the executor.

Because of this undervaluation, the executor determines that the estate is below the applicable estate tax exemption amount and, consequently, does not file a Form 706 for the estate.

Six years later, the taxpayer sells the investment property. If the IRS asks the taxpayer to substantiate the basis of the investment property inherited from the decedent, there might be some difficulty going back that far to obtain a defensible date-of-death valuation. At the same time, if the IRS were to contend that the value of the property was great enough that an estate tax return was required for the decedent’s estate, not only could the estate be facing an estate tax liability and failure-to-file penalties, but the taxpayer could be found to have a zero tax basis for the asset

SUMMER 2019

A well-documented and defensible appraisal is necessary for inherited property that is to be gifted or bequeathed.

In tax and wealth planning, basic advice or reminders of how to avert problems of establishing the value of assets is certainly one way to establish the value of a CPA’s services. under Prop. Regs. Sec. 1.1014-10(c)(3)(ii). On June 1, 2016, the AICPA submitted comments (available at tinyurl.com/y3dgbwly) on the zero-basis rule in the proposed regulations.

A PERENNIAL CONCERN The TCJA’s effective doubling of the basic exclusion amount to more than $11 million per individual has further limited the number of taxpayers subject to estate and gift taxes. However, it has added to the reach of the new basis-consistency requirement. Given the potentially severe consequences of a misstep in the requirement and related reporting, wealthier taxpayers are well-served by advisers who provide education and emphasize compliance. And for clients not subject to estate and gift taxes, the higher exclusion amount has other consequences warranting review of the full array of estate planning vehicles and instruments.

At the heart of this examination lies a concern that will always be paramount for taxpayers, even of relatively modest means, as well as their donees and heirs. A well-documented and defensible appraisal is necessary for inherited property that is to be gifted or bequeathed. In tax and wealth planning, basic advice or reminders of how to avert problems of establishing the value of assets is certainly one way to establish the value of a CPA’s services.

Thomas J. Stemmy, CPA, CVA, EA, MMS, a partner with Stemmy, Tidler and Morris PA in Greenbelt, Md. He can be reached at tstemmycpa@yahoo.com.

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NEWS & VIEWS CPAs and tattoos: The times, they are a-changin’ B Y S E TH H A MM E R, CPA , P H . D. , AND ARUNDHAT I RAO , CF E, PH.D.

As times change, society’s attitudes change, and the same may be said for Maryland CPAs.

Our study asked survey participants (CPAs participating in MACPA continuing education programs) the following question:

At least that’s what the results of our longitudinal study of Maryland CPAs show regarding their attitudes toward tattoo-wearing job applicants.

“If you were considering hiring an applicant for a professional accounting / finance position, how, if at all, would the appearance of a visible tattoo affect your decision to hire that person?”

Over a period of approximately three years, the change in CPAs’ attitudes toward their tattoo-wearing professional colleagues has been dramatic. For example, whereas during our initial survey period, 2014-15, approximately 40 percent of MACPA survey participants indicated that they would be much less likely to hire an applicant wearing a visible tattoo, that percentage dropped to just 16 percent during the period, 2017-18.

The overall results from our studies:

For the CPA profession, the issue of tattoo-wearing goes well beyond a matter of personal taste. As recently as October 2015, according to a Harris poll, 42 percent of those surveyed believed that tattoos are inappropriate at work. According to that same poll, 29 percent thought tattoo-wearers were less intelligent.

For employers, the issue may potentially extend beyond personal taste and client perceptions to actual performance. According to a 2013 article, “Getting Inked: Tattoos and Risky Behavior Among University Students” (Keith King and Rebecca Vidourek, The Social Science Journal), tattooed students engaged in risky behavior (e.g., drinking alcohol, smoking cigarettes, and using marijuana) at greater rates than their non-tattooed peers. Certainly, correlation is not causation – no evidence has been presented that the act of getting a tattoo makes an individual more risk-seeking – but for a CPA business owner seeking to minimize controllable risk, the wearing of tattoos by an employee or a potential employee may be a legitimate cause for concern.

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1% 1% 12%

18%

16%

40% 46%

20%

35%

11% ORIGINAL STUDY (2014-15) N=142

SECOND PHASE OF STUDY (2017-18) N=75

Much less likely to hire

Slightly more likely to hire

Slightly less likely to hire

Much more likely to hire

No effect

The changes are striking, especially with respect to the number of respondents who now view the wearing of tattoos as a positive factor for an applicant.

STATEMENT

NEWS & VIEWS We also compared the results by gender. We found the change in attitudes toward the acceptance of tattoos to be much greater for women than for men. Whereas the percentage of men who answered “Much less likely” or “Slightly less likely” dropped from 88 percent in 2014-15 to 59 percent in 2017-18, for women, the percentage dropped by more than half, from 83 percent to 40 percent.

Note: One participant in the 2017-18 survey cycle did not identify his / her gender and is not included in the above 2017-18 comparison results.

As acceptance of tattoos by CPAs grows, the anecdotal evidence collected from our more recent survey suggests that they are taking a more fine-tuned approach to the issue. Survey comments included the following: • “Face and neck tattoos out, others OK” • “Type of tattoo is important as well” • “Moderation” • “Small tattoo on an ankle or underside of wrist” is “OK.” The driving force underlying these changes in attitude is unclear.

Perhaps it is simply that as society changes, CPAs’ attitudes simi-

larly reflect those changes. However, there may be a practical consideration as well. According to a 2017 survey by Statista, 42 percent of the United States population wears a tattoo. Thus, employers who take a hard line against tattoo-wearing applicants may find the hiring process to be more problematic.

But for those employers who are taking what might be called a more accepting policy, the challenges can be high. According to that same Statista survey, well over half of the tattoo wearers had “several” tattoos. Just how many tattoos will be acceptable for an employer? Will the answer vary by the type of tattoo (tasteful?) and where on the body they are located? If we can use the parlance of accounting, the issue ultimately may be how to determine whether the tattoo is a “material” one.

Note: We would like to share our warm thanks to all those MACPA members who participated in our surveys and generously shared their thoughts with us.

Seth Hammer, CPA, Ph.D., is a professor and Arundhati Rao, CFE, Ph.D., is an associate professor in the Accounting Department at Towson University.

Imagine... a chair without a desk Delivering Results - One Practice At a time Bradley Holmes SUMMER 2019

www.APS.net

800-397-0249 Bradley@APS.net

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

One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA” is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation STATEMENT subsidiaries use the “CNA” trademark in connection with insurance underwriting and claims activities. Copyright ©2019 CNA. All rights reserved.

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FROM OUR PARTNERS CPAs as CFO: meeting client needs, managing the risks B Y A LV I N FE NN E LL III & JOSE P H WO LF E If your client actually needs a CFO, consult with both your lawyer and your insurance broker about potential legal and insurance coverage issues before deciding how to proceed. Depending on the circumstances, it may be appropriate to have your lawyer draft an independent contractor agreement for you that limits your legal liability while performing this function for the client. While this will result in payment of income taxable to you individually, it may be a more effective way to both help out the client and protect you and your CPA firm from liability under the circumstances.

Helping a client by providing CFO services may sound like a smart way to increase revenue and solidify the client relationship – but CPAs in public practice need to be aware of the related risks.

“Professional liability insurance policies generally exclude coverage for services rendered when the policyholder also performs management duties or assumes management responsibilities on behalf of the client,” says Dave Sukert, JD, a senior vice president at Aon Affinity.

“Additionally, it doesn’t matter whether a formal title like CFO is used to describe these activities,” said Sukert. “Once an allegation is made that a CPA performed management duties for a client, it raises a potential insurance coverage problem associated with exclusions that exist in all professional liability policies. CPAs are consultants. Once you start performing management duties, or your client thinks you are doing so, you’ve crossed the line.”

AN OLD ISSUE, NOW AN EMERGING RISK “This issue has been around for 20 years,” said Ken Mackunis, the president of the AICPA Professional Liability Insurance Program. Today, many clients run their businesses online, and with the technology available, they can ramp up business growth in months, rather than years. Many of these owners lack the skills to manage rapid business growth, so they turn to their CPA. It’s a great new business opportunity.

“The good news,” Mackunis said, “is that CPAs do not have to decline this type of work. It is possible for a CPA to render the services needed by the client, but practitioners should seek guidance in addressing the liability exposures and framing their role before agreeing to perform these services. The client may not fully understand what services they need.

They may need consulting and controller type services to manage day-to-day accounting and tax functions, rather than a CFO. When CPAs frame the engagement as consulting, accounting and tax services, they minimize the risk that the client will expect them to assume management duties or perform management functions. Once the client considers you a decision maker, the liability exposure changes.”

SUMMER 2019

RISK MANAGEMENT GUIDELINES • Be specific when you market your services. The work needed by these types of clients usually consists of traditional tax, accounting and consulting services. Promoting managerial or CFO services in advertising materials creates an expectation that you can serve in a senior management role for clients. A more effective means of communicating about your services is to promote it as “… outsourced tax, accounting and consulting services.”

• Do NOT make management decisions. Stay in your consulting role.

Provide written recommendations to the client, requiring the client to make all management decisions, and to provide their decision and instructions in writing. Emails can be written quickly, and serve as important evidence in the event of a misunderstanding or dispute later. Communicating by phone may leave room for error. If there is an email chain confirming conversations, lawsuits by clients are less likely to be filed – and if they are, the written communications can serve as critical evidence both in your defense and in avoiding a coverage dispute.

• Do NOT sign contracts for the client.

Binding agreements and contracts should be left to the business owner.

Only parties vested with the necessary written legal authority should enter into agreements on behalf of a business.

C O NTI NU E D O N PA GE 32

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FROM OUR PARTNERS C O N T INUED FROM PAGE 31

• Clarify your role in your engagement letter. Engagement letters should clearly define the scope of services to be rendered. Clearly state the professional standards that apply to the services to be performed. In most cases, these will be the Statements on Standards for Consulting Services (SSCS) and the Statements on Standards for Tax Services (SSTS). During the engagement, the client may also request that financial statements be prepared or compiled for their use; these services are subject to the Statements on Standards for Accounting and Review Services (SSARS). When new services are added, issue an updated engagement letter describing them, and listing the applicable standards.

Have the client sign the letter before rendering these services.

• Stay within your scope of service.

Once the scope of services has been defined, do not stray into performing services not covered by the professional standards listed in the engagement letter. Review the content of SSCS, SSTS and SSARS. Performing management duties or making management decisions for a client are not within the scope of these standards.

“My client is a friend. They would never sue me.”

Alvin Fennell III is the vice president of underwriting at Aon Affinity, the administrators of the AICPA Professional Liability Insurance Program since 1967. Al has over 25 years’ experience working with the Program. Joseph Wolfe is a risk management consulting working with Aon Affinity. Previously he worked with the Program’s underwriter, CNA. Joe has 37 years’ experience in the insurance industry. For more information, visit www.cpai.com.

Even if a CPA-client relationship has been close for many years, that can change when the client finds themselves in dire financial straits and they’re looking for someone to blame.

This article is provided for general informational purposes only and is not intended to provide individualized business, risk management or legal advice.

Work with these simple precautions in mind, and you’ll better protect yourself, your CPA firm, and your client relationship.

Career Opportunities E. Cohen is a full-service CPA firm serving the Mid-Atlantic region and beyond, providing tax compliance and consulting, audit and assurance, business advisory services, wealth management and business technology services.

Join Our Winning Team — ecohen.com/careers E. Cohen is looking for talented achievers and team players who want to be rewarded for their hard work and dedication, who thrive on being the best in their profession, who seek a relaxed atmosphere and work-life balance, and who love to give back. We are growing and need to add top-notch people to our team! We offer: • Competitive Pay • Attractive Health Benefits • 401(k) and Profit Sharing • Flexible Schedules

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SUMMER 2019

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MEMBER NOTES CLASSIFIEDS Melanie M. Lundquist, CPA, chief operating officer at MetaCoastal, LLC, in Glen Burnie, has been elected to the Board of Directors of Revere Bank, effective May 21.

Sue Wright, CPA, joined the Columbia office of Dembo Jones, P.C. as a Tax Manager.

FIRM NOTES CohnReznick LLP, has announced that its partnership has elected David Kessler, a veteran CohnReznick executive, to serve as the firm’s next chief executive officer. Kessler will assume the CEO role on Feb. 1, 2020, when current CEO Frank Longobardi completes his term. The firm has locations in Baltimore and Bethesda.

Marks Paneth LLP, has announced the opening of a new office in Center City, Philadelphia. The expansion supports the firm’s strategic plans to increase its Mid-Atlantic presence, which positions the firm as the eighth-largest accounting firm in the MidAtlantic region. Other offices in the region include locations in New York City; New York state; Washington, D.C.; Jenkintown, Pa.; and New Jersey.

mergers & acquisitions RETIRING CPA has small office for rent in business condo

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Perfect for sole practitioner. Client referrals a possibility. Furnished or unfurnished. Contact wendyscpa@gmail.com.

INTERESTED IN BUYING A PRACTICE? See local and nationwide listings at www.APS.net and register for free email updates or call us at 1-800-397-0249.

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Accounting Practice Sales is the leading marketer of tax and accounting practices in North America. We have a large pool of buyers, both individuals and firms, looking for practices to purchase. We also have the experience to help you find the right fit for your firm, negotiate the best price and terms and get the deal done. We welcome the opportunity to talk to you about our riskfree and confidential services. For more information please call Bradley Holmes with the APS Holmes Group at 1-800-397-0249 or email Bradley@APS.net.

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34

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REPLIES TO ADS WITH FILE NUMBER: Email krislyn@macpa.org, or reply via mail: Krislyn Suljak MACPA, Classified Ads 901 Dulaney Valley Road, Suite 800, Towson, MD 21204

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Complexities A Audits of 401(k) Plans

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2019 CPA #FUTUREREADY SUMMIT

8

8 AM

$295

$395

Towson + Online

12/4/19

2019 AI IN ACCOUNTING & AUDITING CONFERENCE

4

8:30 AM

$125

$225

Towson + Online

SUMMER 2019 *additional early registration discounts are available for in-person + simulcast events when registering more than 30 days in advance.

37

DATE

COURSE TITLE

START TIME

$MEM

$NON-MEM

LOCATION

4

8 AM

$180

$230

Columbia

CPE

BLI LEADERSHIP (IN-PERSON)

B L I LE A D E R S H IP (IN -PE R SON ) 9/12/19

Quarterly Financial Leaders Series: Power BI and Data Analysis – Eliminating the Paralysis of the Analysis

B U S I N E S S & IN D U STRY (IN -PE R SON ) 9/12/19

Quarterly Financial Leaders Series: Power BI and Data Analysis – Eliminating the Paralysis of the Analysis

4

8 AM

$180

$230

Columbia

10/3/19

Implementing FASB’s Revenue and Leasing Standards in Private Companies: GAAP Versus Alternate Reporting Frameworks

8

8 AM

$320

$420

Columbia

A Finance Business Partnering: The Essentials

8

8 AM

$320

$420

Timonium

A Enterprise Risk Management: New Approaches for Today’s

8

8 AM

$320

$420

Columbia

8

8 AM

$320

$420

Rockville

4

1 PM

$160

$210

Anne Arundel

4

8 AM

$160

$210

Rockville

4

8 AM

$180

$230

Columbia

10/17/19

10/31/19

Complexities

EMP LO YE E B E N EFITS (IN-PE R S ON ) 11/4/19

A Audits of 401(k) Plans

ET H I C S ( IN - PE R S O N) 8/19/19 9/11/19

AACC: Ethics, Leadership and the Role of the CPA A Ethics and Professional Conduct: Updates and Practical Applications

FU T U RE R E A D Y (IN -PE R SON ) 9/12/19

Quarterly Financial Leaders Series: Power BI and Data Analysis – Eliminating the Paralysis of the Analysis

12/3/19

2019 CPA #FUTUREREADY SUMMIT

8

8 AM

$295

$395

Towson + Online

12/4/19

2019 AI IN ACCOUNTING & AUDITING CONFERENCE

4

8:30 AM

$125

$225

Towson + Online

8

8 AM

$285

$385

College Park + Online

8

8 AM

$320

$420

Timonium

16

8 AM

$320

$420

Baltimore + Online

2

7:30 AM

FREE

-

Annapolis

8

8 AM

$320

$420

Timonium

4

12 PM

$160

$210

Rockville

GO VE R N ME N T (IN-PE R S ON ) 9/24/19 9/25/19

2019 GOVERNMENT CONTRACTORS CONFERENCE A YB Advanced Topics in a Single Audit

LE G I S LAT IV E & R EGULATORY (IN -PE RSO N) 9/17/19 1/23/20

50th ANNUAL CHESAPEAKE TAX CONFERENCE CPA DAY 2020 - Members Only

NO N P R O F IT / N OT-FOR -PR OF IT (IN -P ERSO N) 7/18/19

9/11/19

38

A YB Not-for-Profit Financial Reporting: Mastering the Unique Requirements A Real-World Frauds Found in Not-for-Profits

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

PERSONAL DEVELOPMENT (IN-PERSON)

PE R S O N A L D E V ELOPME N T (IN-PE R S ON) 8/21/19

2019 MACPA LEADERSHIP ACADEMY

20

8 AM

$1,500

$1,500

Towson

9/27/19

2019 WOMEN TO WATCH AWARDS BREAKFAST

1

8:30 AM

$50

$75

Hanover

8

8 AM

$320

$420

Columbia

16

8 AM

$320

$420

Baltimore + Online

8

8 AM

$320

$420

Columbia

8

8:30 AM

$295

$395

Timonium + Online

16

8 AM

$320

$420

Baltimore + Online

8

8 AM

$320

$420

Timonium

PE R S O N A L F IN A NCIAL PLANNING (IN- P ERSON) 8/20/19 9/17/19 9/25/19 10/29/19

The Best Estate and Financial Planning Topics of 2019 50th ANNUAL CHESAPEAKE TAX CONFERENCE The Complete Guide to Estate Administrations 34th ANNUAL PERSONAL FINANCIAL PLANNING CONFERENCE

PR A CT I TIO N E R S (IN -PE R SON ) 9/17/19 10/29/19

50th ANNUAL CHESAPEAKE TAX CONFERENCE A Accounting and Auditing Update for Small Businesses

12/12 12/13/19

MACPA’s 1040 Fast Track

16

8 AM

$400

$500

Columbia + Online

1/9 1/10/20

MACPA’s 1040 Fast Track

16

8 AM

$400

$500

Timonium + Online

Towson + Online

SPE CI AL IZ E D K N OWLE D GE & APPLICAT IO NS (IN- P ERSON) 12/3/19 1/23/20

2019 CPA #FUTUREREADY SUMMIT CPA DAY 2020 - Members Only

8

8 AM

$295

$395

2

7:30 AM

FREE

-

Annapolis

8

8 AM

$320

$420

Timonium

TA X ( I N - P E R S O N ) 7/16/19

The Complete Guide to Maryland Death Taxation

7/24/19

A Best Practices for Payroll Taxes and 1099 Issues

8

8 AM

$320

$420

Columbia

8/13/19

A Multistate Income Tax including Wayfair

8

8 AM

$320

$420

Columbia

8

8 AM

$320

$420

Columbia

16

8 AM

$320

$420

Baltimore + Online

8/20/19 9/17/19

The Best Estate and Financial Planning Topics of 2019 50th ANNUAL CHESAPEAKE TAX CONFERENCE

9/24/19

Estate and Financial Planning for the Soon Retiring Baby Boomer Client

8

8 AM

$320

$420

Timonium

9/25/19

The Complete Guide to Estate Administrations

8

8 AM

$320

$420

Columbia

8

8 AM

$320

$420

Timonium

10/23/19

A YB Form 990: Mastering Its Unique Characteristics

10/24/19

Section 199A: An Up to Date Review of the PassThrough Deduction

-

8 AM

$320

$420

Columbia

10/25/19

Estate and Financial Planning for Generations X and Y

8

8 AM

$320

$420

Columbia

SUMMER 2019 *additional early registration discounts are available for in-person + simulcast events when registering more than 30 days in advance.

39

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

TAX (IN-PERSON), CONTINUED 10/29/19

34th ANNUAL PERSONAL FINANCIAL PLANNING CONFERENCE

8

8:30 AM

$295

$395

Timonium + Online

11/7/19

Don Farmer’s 2019 Individual Income Tax Workshop

8

8 AM

$330

$430

Baltimore + Online

11/8/19

Don Farmer’s 2019 Corporate Income Tax Workshop

8

8 AM

$330

$430

Baltimore + Online

11/22/19

Don Farmer’s 2019 Federal Tax Update

8

8 AM

$330

$430

Baltimore + Online

12/12 12/13/19

MACPA’s 1040 Fast Track

16

8 AM

$400

$500

Columbia + Online

1/9 1/10/20

MACPA’s 1040 Fast Track

16

8 AM

$400

$500

Timonium + Online

4

8 AM

$180

$230

Columbia

8

8 AM

$295

$395

Towson + Online

TECHN O L O G Y (IN-PE R S ON ) 9/12/19 12/3/19

Quarterly Financial Leaders Series: Power BI and Data Analysis – Eliminating the Paralysis of the Analysis 2019 CPA #FUTUREREADY SUMMIT

WIN THE TAX SEASON RACE.

With Art Werner, J.D., MST

Dec 12-13, 2019 | Columbia Jan 9-10, 2020 | Timonium

CPE: 16 Simulcast available

1040 Fast Track is the ideal preparation for the upcoming tax season rush.

This extensive interactive seminar covers changes in individual tax law.

40

Group discounts are available.

macpa.org/1040FastTrack STRATEGIC LEARNING POWERED BY

BUSINESS LEARNING INSTITUTE

STATEMENT

15 Ways To Protect Your Business From A DATE

COURSE TITLE

Cyber Attack!

CPE

START TIME

$MEM

$NON-MEM

LOCATION

Did you know?

1 in 5 81%

97%

Small businesses will suffer a cyber breach this year.

Of all breaches happen to small and medium sized businesses.

Of breaches could have been prevented with today’s technology.

Passwords

Apply security policies on your network. Examples: Deny or limit USB file storage access, enable enhanced password policies, set user screen timeouts, and limit user access.

Advanced Endpoint Detection & Response Protect your computers data from malware, viruses, and cyber attacks with advanced endpoint security. Today's latest technology (which replaces your outdated anti-virus solution) protects against file-less and script based threats and can even rollback a ransomware attack.

Mobile Device Security

Today's cyber criminals attempt to steal data or access your network by way of your employees' phones and tablets.

They're counting on you to neglect this piece of the puzzle. Mobile device security closes this gap.

Cyber Insurance

Security Awareness Train your users - often! Teach them about data security, email attacks, and your policies and procedures. We offer a web-based training solution and “done for you” security policies.

Dark Web Research Knowing in real-time what passwords and accounts have been posted on the Dark Webwill allow you to be proactive in preventing adata breach.

We scan the Dark Web and take action to protect your business from stolen credentials that have been posted for sale.

Security Assessment

It's important to establish a baseline and close existing vulnerabilities.

When was your last assessment?

Date: _________________

Multi-Factor Authentication Utilize Multi-Factor Authentication whenever you can including on your network, banking websites, and even social media. It adds an additional layer of protection to ensure that even if your password does get stolen, your data stays protected.

SIEM/Log Management

(Security Incident & Event Management) Uses big data engines to review all event and security logs from all covered devices to protect against advanced threats and to meet compliance requirements.

Firewall

Encryption

Turn on Intrusion Detection and Intrusion Prevention features. Send the log files to a managed SIEM. And if your IT team doesn’t know what these things are, call us today!

Whenever possible, the goal is to encrypt files at rest, in motion (think email) and especially on mobile devices.

Spam Email

Secure your email. Most attacks originate in your email. We’ll help you choose a service designed to reduce spam and your exposure to attacks on your staff via email.

Computer Updates

Keep Microsoft, Adobe, and Java products updated for better security.

We provide a“critical update” service via automation to protect your computers from the latest known attacks.

Web Gateway Security

Internet security is a race against time.

Cloud based security detects web and email threats as they emerge on the internet, and blocks them on your network within seconds – before they reach the user.

Backup Backup local. Backup to the cloud. Have an offline backup for each month of the year. Test your backups often. And if you aren’t convinced your backups are working properly, call us ASAP.

If all else fails, protect your income and business with cyber damage and recovery insurance policies.

info@eTrepid.com events when registering more than 30 days in advance.

SUMMER 2019 *additional early registration discounts are available for in-person + simulcast Scan www.eTrepid.com to learn more!

301.259.3414

41

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

BLI LIVE SEMINARS

The #FutureReady Learning Framework The deep and wide skills you need to succeed

How do you meet future professional challenges?

The #FutureReady learning framework from the Business Learning Institute outlines the skills that CPAs need to thrive in the rapidlychanging world of accounting and finance.

As “traditional” accounting skills like auditing and data entry are increasingly automated via machine learning and AI, tomorrow’s professionals will need to be well-versed in more strategic competencies: • Leadership • Anticipation • Strategic Thinking • Communication • Collaboration

The #FutureReady learning framework helps you master these skills and avoid becoming obsolete.

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42

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

Upcoming ONLINE Events & Courses KEY: A

AICPA Course

DATE

YB

Featured Event

COURSE TITLE

Available as Simulcast

Yellow Book

CPE

START TIME

$MEM

$NON-MEM

4

1 PM

$179

$229

Online

8

9 AM

$279

$349

Online

2

10 AM

$75

$90

Online

LOCATION

AC CO U N TIN G & AUDITIN G (ONLINE) 7/16/19

7/16/19 7/16/19

A Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know A Documenting Your EBP Audit: What You Need to Know

Auditing Bits in Bytes Session 6: Engagement Wrap-Up

7/23/19

A Revenue Recognition: Mastering the New FASB Requirements

8

9 AM

$279

$349

Online

7/23/19

A Annual Update for Accountants and Auditors

8

9 AM

$279

$349

Online

2

11 AM

$75

$90

Online

7/23/19

Grow Your Business from Within: How to Deliver Maximum Value to Client’s on Every Engagement

7/25/19

A Forensic Accounting: Uncovering Schemes and Scams

4

1 PM

$179

$229

Online

7/29/19

A U.S. GAAP: Review for Business & Industry

8

10:30 AM

$279

$349

Online

4

9 AM

$179

$229

Online

8/1/19

A Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization

8/2/19

A Annual Update for Accountants and Auditors

8

9 AM

$279

$349

Online

8/5/19

A Leases: Mastering the New FASB Requirements

8

10:30 AM

$279

$349

Online

8/6/19

A Fraud and Cash Receipts: Common Frauds and Internal Controls

4

1 PM

$179

$229

Online

4

9 AM

$179

$229

Online

4

9 AM

$179

$229

Online

8/6/19

8/6/19

A Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know A Fraud: Recent Findings, Red Flags and Corruption Schemes

SUMMER 2019 *additional early registration discounts are available for in-person + simulcast events when registering more than 30 days in advance.

43

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

ACCOUNTING & AUDITING (ONLINE), CONTINUED 8/6/19

Auditing Bits in Bytes Session 7: Identifying, Evaluating and Communicating Internal Control Deficiencies

2

10 AM

$75

$90

Online

8/7/19

A Integrating Audit Data Analytics into the Audit Process

8

9 AM

$279

$349

Online

8/9/19

A Audit Workpapers: Reviewing Field Work

4

1 PM

$179

$229

Online

8/9/19

A Applying Professional Skepticism in an Audit

4

1 PM

$179

$229

Online

8/9/19

A Audit Workpapers: Documenting Field Work

4

9 AM

$179

$229

Online

8/9/19

A Construction Contractors: Accounting, Auditing, and Tax

8

9 AM

$279

$349

Online

8/15/19

A Blockchain: Investigating Transactions & Fraud

1.5

9 AM

$79

$99

Online

8/19/19

A Audits of 401(k) Plans

8

10:30 AM

$279

$349

Online

8/19/19

A Revenue Recognition: Mastering the New FASB Requirements

8

10:30 AM

$279

$349

Online

8/20/19

A U.S. GAAP: Review for Business & Industry

8

9 AM

$279

$349

Online

8/20/19

A Sale Transaction Structure: Potential Impact on Price/Value

1.5

1 PM

$79

$99

Online

2

10 AM

$75

$90

Online

8/21/19

Auditing Bits in Bytes Session 8

8/22/19

A Documenting Your EBP Audit: What You Need to Know

8

9 AM

$279

$349

Online

8/30/19

A Governmental Accounting and Auditing Update

8

9 AM

$279

$349

Online

9/3/19

A Analyzing a Company’s Financial Statement

4

1 PM

$179

$229

Online

9/3/19

A Statement of Cash Flows: Preparation, Presentation, and Use

4

9 AM

$179

$229

Online

9/4/19

A Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

4

1 PM

$179

$229

Online

9/4/19

A Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization

4

9 AM

$179

$229

Online

8

9 AM

$279

$349

Online

8

9 AM

$279

$349

Online

2

1 PM

$99

$129

Online

9/4/19

9/5/19

9/5/19

A Leases: Mastering the New FASB Requirements A Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors A Common Errors in NFP Financial Reporting

9/6/19

A Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls

4

9 AM

$179

$229

Online

9/6/19

A The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them

4

1 PM

$179

$229

Online

9/6/19

A Forensic Accounting: Uncovering Schemes and Scams

4

9 AM

$179

$229

Online

9/6/19

A Audit Workpapers: Reviewing Field Work

4

1 PM

$179

$229

Online

9/6/19

A Applying Professional Skepticism in an Audit

4

9 AM

$179

$229

Online

9/6/19

A Audit Workpapers: Documenting Field Work

4

9 AM

$179

$229

Online

44

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

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45

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

26.5

8 AM

$1,495

$1,895

8

10:30 AM

$279

$349

Online

4

1 PM

$179

$229

Online

1.5

1 PM

$79

$99

Online

LOCATION

ACCOUNTING & AUDITING (ONLINE), CONTINUED 9/9 9/11//19

9/9/19

9/10/19

A

AICPA National Conference on Banks & Savings Institutions (MACPA members save an additional $100 off by using the code MACPA100) A Documenting Your EBP Audit: What You Need to Know A Preparation, Compilation, and Review Engagements: Update and Review

National Harbor, MD + Online

9/10/19

A Is Your Business Transferrable?

9/12/19

A Revenue Recognition: Mastering the New FASB Requirements

8

9 AM

$279

$349

Online

9/12/19

A Annual Update for Accountants and Auditors

8

9 AM

$279

$349

Online

A Credit Impairment – Mastering FASB Requirements for Current

8

10:30 AM

$279

$349

Online

9/16/19

Expected Credit Loss (CECL)

9/17/19

A Damages Case Law Update

1.5

1 PM

$79

$99

Online

9/18/19

A Blockchain: Investigating Transactions & Fraud

1.5

10 AM

$79

$99

Online

9/20/19

A U.S. GAAP: Review for Business & Industry

8

9 AM

$279

$349

Online

9/20/19

A Integrating Audit Data Analytics into the Audit Process

8

9 AM

$279

$349

Online

8

8 AM

$285

$385

College Park + Online

2

12 PM

$75

$90

Online

9/24/19 9/25/19

2019 GOVERNMENT CONTRACTORS CONFERENCE How to Identify, Explain, and Present Pertinent Financial Information to Non-Accountants

9/27/19

A SEC Quarterly Update Q3 Webcast

2

1 PM

$99

$129

Online

10/1/19

A Statement of Cash Flows: Preparation, Presentation, and Use

4

1 PM

$179

$229

Online

10/1/19

A Applying the Uniform Guidance in Your Single Audits

8

9 AM

$279

$349

Online

10/1/19

A Cyber Fraud • Current Issues and Trends

1.5

1 PM

$79

$99

Online

4

1 PM

$179

$229

Online

8

9 AM

$279

$349

Online

1.5

9 AM

$79

$99

Online

4

9 AM

$179

$229

Online

10/2/19

A Preparation, Compilation, and Review Engagements: Update and Review

10/3/19

A Leases: Mastering the New FASB Requirements

10/3/19

A Blockchain: Investigating Transactions & Fraud

10/4/19

A Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

10/4/19

A Construction Contractors: Accounting, Auditing, and Tax

8

9 AM

$279

$349

Online

10/7/19

A Audit Workpapers: Documenting Field Work

4

10:30 AM

$179

$229

Online

10/7/19

A Audit Workpapers: Reviewing Field Work

4

2:30 PM

$179

$229

Online

10/7/19

A Annual Update for Accountants and Auditors

8

10:30 AM

$279

$349

Online

4

1 PM

$179

$229

Online

10/8/19

46

A Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

ACCOUNTING & AUDITING (ONLINE), CONTINUED 10/11/19

A Applying Professional Skepticism in an Audit

4

9 AM

$179

$229

Online

10/15/19

A Fraud and Cash Receipts: Common Frauds and Internal Controls

4

9 AM

$179

$229

Online

10/15/19

A Fraud: Recent Findings, Red Flags and Corruption Schemes

4

1 PM

$179

$229

Online

A Internal Control and COSO Essentials for Financial Managers,

8

9 AM

$279

$349

Online

10/16/19

Accountants and Auditors

10/22/19

A Integrating Audit Data Analytics into the Audit Process

8

9 AM

$279

$349

Online

10/22/19

A Revenue Recognition: Mastering the New FASB Requirements

8

9 AM

$279

$349

Online

10/29/19

A U.S. GAAP: Review for Business & Industry

8

10:30 AM

$279

$349

Online

10/29/19

Grow Your Business from Within: How to Deliver Maximum Value to Client’s on Every Engagement

2

11 AM

$75

$90

Online

10/30/19

How to Identify, Explain, and Present Pertinent Financial Information to Non-Accountants

2

1 PM

$75

$90

Online

8

9 AM

$279

$349

Online

4

10:30 AM

$179

$229

Online

10/31/19

11/4/19

A Governmental Accounting and Auditing Update A Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization

11/4/19

A Integrating Audit Data Analytics into the Audit Process

8

10:30 AM

$279

$349

Online

11/4/19

A U.S. GAAP: Review for Business & Industry

8

9 AM

$279

$349

Online

11/6/19

A Annual Update for Accountants and Auditors

8

9 AM

$279

$349

Online

11/7/19

A Preparation, Compilation, and Review Engagements: Update and Review

4

9 AM

$179

$229

Online

11/7/19

A Credit Impairment – Mastering FASB Requirements for Current Expected Credit Loss (CECL)

8

9 AM

$279

$349

Online

4

2:30 PM

$179

$229

Online

11/11/19

A Statement of Cash Flows: Preparation, Presentation, and Use

11/12/19

A The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them

4

1 PM

$179

$229

Online

11/12/19

A Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls

4

9 AM

$179

$229

Online

8

9 AM

$279

$349

Online

1.5

1 PM

$79

$99

Online

1.5

3 PM

$79

$99

Online

4

9 AM

$179

$229

Online

11/12/19

11/12/19

11/13/19

11/15/19

A Applying the Uniform Guidance in Your Single Audits A Merger & Acquisition Activity • Current Trends and Impact on Value of Companies A Blockchain: Investigating Transactions & Fraud A Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

11/15/19

A Leases: Mastering the New FASB Requirements

8

9 AM

$279

$349

Online

11/18/19

A Revenue Recognition: Mastering the New FASB Requirements

8

10:30 AM

$279

$349

Online

11/18/19

A Construction Contractors: Accounting, Auditing, and Tax

8

10:30 AM

$279

$349

Online

SUMMER 2019 *additional early registration discounts are available for in-person + simulcast events when registering more than 30 days in advance.

47

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

ACCOUNTING & AUDITING (ONLINE), CONTINUED 11/26/19

A Audit Workpapers: Documenting Field Work

4

9 AM

$179

$229

Online

11/26/19

A Audit Workpapers: Reviewing Field Work

4

1 PM

$179

$229

Online

11/26/19

A Applying Professional Skepticism in an Audit

4

9 AM

$179

$229

Online

12/2/19

A Analyzing a Company’s Financial Statement

4

2:30 PM

$179

$229

Online

12/2/19

A Statement of Cash Flows: Preparation, Presentation, and Use

4

10:30 AM

$179

$229

Online

12/2/19

A U.S. GAAP: Review for Business & Industry

8

9 AM

$279

$349

Online

12/3/19

A Leases: Mastering the New FASB Requirements

8

9 AM

$279

$349

Online

8

8 AM

$295

$395

Towson + Online

8

9 AM

$279

$349

Online

4

8:30 AM

$125

$225

Towson + Online

8

9 AM

$279

$349

Online

4

1 PM

$179

$229

Online

8

9 AM

$279

$349

Online

12/3/19

12/4/19

12/4/19 12/5/19

12/6/19

12/6/19

2019 CPA #FUTUREREADY SUMMIT A Credit Impairment – Mastering FASB Requirements for Current Expected Credit Loss (CECL)

2019 AI IN ACCOUNTING & AUDITING CONFERENCE A Integrating Audit Data Analytics into the Audit Process A Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization A Revenue Recognition: Mastering the New FASB Requirements

12/10/19

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4

1 PM

$179

$229

Online

12/10/19

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1.5

1 PM

$79

$99

Online

12/11/19

A Governmental Pensions: Prepare for a Changing Landscape

4

1 PM

$179

$229

Online

12/12/19

A Annual Update for Accountants and Auditors

8

9 AM

$279

$349

Online

4

1 PM

$179

$229

Online

12/13/19

A GASB Statement Nos. 74 & 75: Best Practices in OPEB Accounting & Auditing

12/13/19

A Construction Contractors: Accounting, Auditing, and Tax

8

9 AM

$279

$349

Online

12/16/19

A Forensic Accounting: Uncovering Schemes and Scams

4

1 PM

$179

$229

Online

2

1 PM

$75

$90

Online

8

9 AM

$279

$349

Online

1.5

9 AM

$79

$99

Online

4

9 AM

$179

$229

Online

12/16/19

How to Identify, Explain, and Present Pertinent Financial Information to Non-Accountants

12/17/19

A Applying the Uniform Guidance in Your Single Audits

12/18/19

A Blockchain: Investigating Transactions & Fraud

12/20/19

A Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

12/20/19

A Applying Professional Skepticism in an Audit

4

1 PM

$179

$229

Online

12/20/19

A Documenting Your EBP Audit: What You Need to Know

8

9 AM

$279

$349

Online

12/23/19

A Audit Workpapers: Documenting Field Work

4

9 AM

$179

$229

Online

48

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

SAVE T H E DATE

Government & Not-For-Profit C O N F E R E N C E

UNIQUE ACCOUNTING SKILLS TRAINING FOR YOUR UNIQUE ROLE

April 24, 2020 College Park | CPE: 8

The Government & Not For Profit Conference addresses the unique technical and professional challenges of the CPAs working in these sectors. This annual, one-day event puts a special emphasis on the skills and insight that CPAs can immediately implement.

Group registration discounts apply.

MACPA.ORG/GNFP

SUMMER 2019 *additional early registration discounts are available for in-person + simulcast events when registering more than 30 days in advance.

STRATEGIC LEARNING POWERED BY

BUSINESS LEARNING INSTITUTE

49

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

ACCOUNTING & AUDITING (ONLINE), CONTINUED 12/23/19

A Audit Workpapers: Reviewing Field Work

4

1 PM

$179

$229

Online

12/27/19

A Fraud and Cash Receipts: Common Frauds and Internal Controls

4

9 AM

$179

$229

Online

12/27/19

A Fraud: Recent Findings, Red Flags and Corruption Schemes

4

1 PM

$179

$229

Online

12/27/19

A Governmental Accounting and Auditing Update

8

9 AM

$279

$349

Online

8

10:30 AM

$279

$349

Online

12/30/19

A Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors

BLI LE A D E R S H IP (ONLINE ) 7/17/19

How to Succeed as a First Time Manager

2

11 AM

$75

$90

Online

7/18/19

Financial Storytelling: The Key in Growing Your Organization to the Next Level

2

10 AM

$75

$90

Online

7/19/19

The Journey to Becoming a Cherished Advisor: Technology, the Process and Practice Management

1

1 PM

$35

$45

Online

7/22/19

A Vision for the Future-Ready Leader

1

11 AM

$35

$45

Online

7/23/19

Grow Your Business from Within: How to Deliver Maximum Value to Client’s on Every Engagement

2

11 AM

$75

$90

Online

7/24/19

The Journey to Becoming a Cherished Advisor: The Soft Skills Needed to Create Long-Lasting Client Relationships

1

1 PM

$35

$45

Online

8/1/19

Working Together – Four Personality Styles in the Workplace

1

3 PM

$35

$45

Online

8/21/19

The Journey to Becoming a Cherished Advisor: Utilizing AI to Create Opportunities for Long-Lasting Client Relationships

1

2 PM

$35

$45

Online

8/23/19

The Finance and Accounting Organization as Partner and Strategist to the Business

2

11 AM

$75

$90

Online

8/27/19

The Journey to Becoming a Cherished Advisor: Designing the Future Firm – Next Generation Hiring, Staffing and Succession Planning

1

12 PM

$35

$45

Online

8/28/19

The Path to Creating Work-Life Harmony

0.8

12 PM

$35

$45

Online

9/17/19

Taking a Human Approach to Al: Your Role in Being the Catalyst for Transformation

1

12 PM

$35

$45

Online

9/17/19

How to Lead, Coach, and Develop a Winning Team

2

3 PM

$75

$90

Online

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How to Develop Tomorrow’s Leaders Today: Sucession Planning That Works

2

3 PM

$75

$90

Online

9/23/19

A Vision for the Future-Ready Leader

1

1 PM

$35

$45

Online

9/26/19

Anticipate Change: Avoiding Ulcers in the “New Abnormal World”

1

12 PM

$35

$45

Online

9/27/19

The Journey to Becoming a Cherished Advisor: Technology, the Process and Practice Management

1

12 PM

$35

$45

Online

10/16/19

Anticipate Greatness: Building a Productive, Resilient Workforce

1

11 AM

$35

$45

Online

10/17/19

The Finance and Accounting Organization as Partner and Strategist to the Business

2

11 AM

$75

$90

Online

10/22/19

The Journey to Becoming a Cherished Advisor: Utilizing AI to Create Opportunities for Long-Lasting Client Relationships

1

12 PM

$35

$45

Online

10/25/19

How to Succeed as a First Time Manager

2

1 PM

$75

$90

Online

50

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

Accounting software powered by people XERO.COM/JOIN

SUMMER 2019 *additional early registration discounts are available for in-person + simulcast events when registering more than 30 days in advance.

51

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

BLI LEADERSHIP (ONLINE), CONTINUED 10/28/19

CPA Firm Business Development: The Data Analytics Opportunity

1

11 AM

$35

$45

Online

10/29/19

Grow Your Business from Within: How to Deliver Maximum Value to Client’s on Every Engagement

2

11 AM

$75

$90

Online

10/30/19

Leadership Improv – Why “Fake It Until You Make It” Works

2

3 PM

$75

$90

Online

11/18/19

The Journey to Becoming a Cherished Advisor: The Soft Skills Needed to Create Long-Lasting Client Relationships

1

3 PM

$35

$45

Online

11/19/19

The Journey to Becoming a Cherished Advisor: Designing the Future Firm – Next Generation Hiring, Staffing and Succession Planning

1

2 PM

$35

$45

Online

11/19/19

The Strategic Finance Department – 15 New Roles

2

2 PM

$75

$90

Online

11/20/19

How to Lead, Coach, and Develop a Winning Team

2

2 PM

$75

$90

Online

11/21/19

The Journey to Becoming a Cherished Advisor: Technology, the Process and Practice Management

1

2 PM

$35

$45

Online

11/25/19

A Vision for the Future-Ready Leader

1

12 PM

$35

$45

Online

11/26/19

Financial Storytelling: The Key in Growing Your Organization to the Next Level

2

11 AM

$75

$90

Online

12/10/19

The Path to Creating Work-Life Harmony

0.8

3 PM

$35

$45

Online

12/18/19

Productivity Enablement: Simplifying the Most Challenging Parts of your Job and Becoming Future-Ready – (FREE FOR MEMBERS)

1

12 PM

FREE

$45

Online

12/18/19

CPA Firm Business Development: The Data Analytics Opportunity

1

9 AM

$35

$45

Online

12/19/19

The Journey to Becoming a Cherished Advisor: Utilizing AI to Create Opportunities for Long-Lasting Client Relationships

1

11 AM

$35

$45

Online

B U S I N E S S & IN D US TRY (ONLINE ) 7/15/19

A Controller’s Update: Today’s Latest Trends

4

1 PM

$179

$229

Online

7/15/19

A Best Practices for Payroll Taxes and 1099 Issues

8

10:30 AM

$279

$349

Online

4

1 PM

$179

$229

Online

4

9 AM

$179

$229

Online

2

10 AM

$75

$90

Online

7/16/19

7/18/19

7/18/19

A Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know A The Changing Role of the Controller: Advancing from Tactical to

Strategic A Financial Storytelling: The Key in Growing Your Organization to the Next Level

7/23/19

A Employment Law Update: Reducing Employer Liability

4

1 PM

$179

$229

Online

7/23/19

A Revenue Recognition: Mastering the New FASB Requirements

8

9 AM

$279

$349

Online

7/24/19

A Capitalizing on Tax Reform: Tips for Effective Client Conversations

1.5

1 PM

$79

$99

Online

7/25/19

A Forensic Accounting: Uncovering Schemes and Scams

4

1 PM

$179

$229

Online

7/26/19

The Power of Women’s Networks

1

11 AM

$35

$45

Online

7/31/19

Anticipate Client Needs: Beyond Best Practices in Client and Customer Service

1

2 PM

$35

$45

Online

4

1 PM

$179

$229

Online

8/1/19

52

A Effective Business Communications

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

8

10:30 AM

$279

$349

Online

LOCATION

BUSINESS & INDUSTRY (ONLINE), CONTINUED 8/5/19

A Leases: Mastering the New FASB Requirements

8/6/19

How to Innovate When Your Boss Says ‘No’ – (FREE FOR MEMBERS)

1

12 PM

FREE

$45

Online

8/6/19

A Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

4

9 AM

$179

$229

Online

8/6/19

A Fraud: Recent Findings, Red Flags and Corruption Schemes

4

9 AM

$179

$229

Online

8/9/19

A Controller’s Update: Today’s Latest Trends

4

9 AM

$179

$229

Online

8/9/19

A Construction Contractors: Accounting, Auditing, and Tax

8

9 AM

$279

$349

Online

4

9 AM

$179

$229

Online

8/12/19

A The Changing Role of the Controller: Advancing from Tactical to Strategic

8/12/19

A Choice of and Formation of Entity

4

10:30 AM

$179

$229

Online

8/12/19

A Blockchain for Financial Services

4

1 PM

$179

$229

Online

1.8

1 PM

$75

$90

Online

1.5

9 AM

$79

$99

Online

2

1 PM

$99

$129

Online

8/12/19

The Magic of Good Questions: Turning Conversations into Opportunities

8/15/19

A Blockchain: Investigating Transactions & Fraud

8/15/19

A Time to Get Serious About Information Security

BALTIMORE COMMUNITY FOUNDATION ANNOUNCES 2019 INDUCTEES TO THE

PROFESSIONAL ADVISOR

RECOGNITION SOCIETY

PROFESSIONAL ADVISOR RECOGNITION SOCIETY D. CRYSTAL ALFORD-COOPER

Law & Associates ROBERT G. BLUE

Royston, Mueller, McLean & Reid LLP EDDIE C. BROWN

Brown Capital Management Inc MARTIN P. BRUNK

RSM US LLP NANCY T. BRYANT

A S PI R EW E A LT H PL A N N E R S

MR. YOUNG

ROBERT C. YOUNG

STEWART, P LANT & BLUM ENTHAL

MARY GUIDERA LOKER

DLA Piper

Smith, Gildea & Schmidt

JEFFREY K. GONYA

Venable LLP CHESTER H. HOBBS IV

CHARLES B. JONES

Gallagher Evelius & Jones LLP

Thomas & Libowitz PA STANARD T. KLINEFELTER

LEE CARPENTER

FREDERICK S. KOONTZ

Saul Ewing Arnstein & Lehr

Whiteford, Taylor & Preston LLP

JONATHAN D. EISNER

CRISTIN C. LAMBROS

JOHN T. FAULKINGHAM

LYNN B. SASSIN

Gordon Feinblatt LLC

Brown Advisory

Law Office of John T. Faulkingham LLC

RICKA E. NEUMAN

PBMares LLP

Bodie, Dolina, Hobbs, Friddell & Grenzer PC

Bryant Financial Advisory

DLA Piper

CHRISTINA H. SNYDER

SANDRA P. GOHN

Cristin C. Lambros LLC FRANK G. LIDINSKY

NATALIE B. SHERMAN H. JAMES SMITH III

RBC Wealth Management SHALE D. STILLER

DLA Piper LISA STRONG

French, Shepley, and Strong LLC ROBERT L. WALDMAN

Venable LLP

Law Office of Frank G. Lidinsky

WHY WORK WITH BCF BCF is here to help you serve your clients better. We can help with philanthropic planning, adding value to your practice and your client relationships.

Visit www.bcf.org/advisors for more info.

To learn more about*additional the Professional Advisor Recognition Society, early registration discounts are available for in-person + simulcast events when registering more than 30 days in advance.

SUMMER 2019 B A LT I M O R E C O M M U N I T Y F O U N D AT I O N visit www.bcf.org/pars.

2 East Read Street, 9th Floor, Baltimore, MD 21202 410.332.4171

W W W. B C F. O R G

USE YOUR PHONE CAMERA TO SCAN

53

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

There’s no business like your business.

Money doesn’t make the world go ‘round. You do. You, the accountant, are the guardian of your Money doesn’t make the world go ‘round. You do. You, the accountant, are the guardian of your clients’ success. And when you have the success of others resting on your shoulders, you need clients’ success. And when you have the success of others resting on your shoulders, you need something sturdy to stand on. So, we’re arming you with the best tools for the job. something sturdy to stand on. So, we’re arming you with the best tools for the job.

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With comprehensive, free CPE With comprehensive, free CPE training and QuickBooks training and QuickBooks certification, the ProAdvisor certification, the ProAdvisor Program is here to help make you a Program is here to help make you a more impactful partner to your more impactful partner to your clients. clients.

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54

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

BUSINESS & INDUSTRY (ONLINE), CONTINUED 8/16/19

A New Auditor Reporting Standard

1

1 PM

$59

$69

Online

8/19/19

A Audits of 401(k) Plans

8

10:30 AM

$279

$349

Online

8/19/19

A Revenue Recognition: Mastering the New FASB Requirements

8

10:30 AM

$279

$349

Online

8/20/19

A Financial Forecasting: Planning for Success

4

1 PM

$179

$229

Online

8/21/19

A Capitalized Costs and Depreciation

6

11 AM

$159

$199

Online

8/21/19

A Capitalizing on Tax Reform: Tips for Effective Client Conversations

1.5

1 PM

$79

$99

Online

1

4 PM

$35

$45

Online

4

9 AM

$179

$229

Online

8/22/19 8/23/19

Anticipate Development: Moving from Employee to Manager to Leader A Employment Law Update: Reducing Employer Liability

8/26/19

Anticipate Engagement: Motivating the Next Workforce

1

2 PM

$35

$45

Online

8/26/19

From Financial Expert to Strategic Business Leader: Leader Evolution

2

10 AM

$75

$90

Online

9/4/19

A Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

4

1 PM

$179

$229

Online

9/4/19

A Leases: Mastering the New FASB Requirements

8

9 AM

$279

$349

Online

9/6/19

A Forensic Accounting: Uncovering Schemes and Scams

4

9 AM

$179

$229

Online

9/9/19

A KPI Dashboards • The New Financial Reporting Model

2

11 AM

$99

$129

Online

9/10/19

A Controller’s Update: Today’s Latest Trends

4

9 AM

$179

$229

Online

9/10/19

A New Auditor Reporting Standard

1

2 PM

$59

$69

Online

2

12 PM

$75

$90

Online

8

9 AM

$279

$349

Online

4

9 AM

$179

$229

Online

4

1 PM

$179

$229

Online

9/10/19 9/12/19

9/16/19

9/16/19

Conflict and Communication – You vs. Me vs. Them A Revenue Recognition: Mastering the New FASB Requirements A The Changing Role of the Controller: Advancing from Tactical to Strategic A Employment Law Update: Reducing Employer Liability

9/17/19

How to Lead, Coach, and Develop a Winning Team

2

3 PM

$75

$90

Online

9/18/19

The Future of Accounting: Big Waves of Change & Oceans of Opportunity – (FREE FOR MEMBERS)

1

1 PM

FREE

$45

Online

4

1 PM

$199

$249

Online

1.5

10 AM

$79

$99

Online

9/18/19

A Blockchain for Healthcare

9/18/19

A Blockchain: Investigating Transactions & Fraud

9/19/19

How to Develop Tomorrow’s Leaders Today: Sucession Planning That Works

2

3 PM

$75

$90

Online

9/24/19

The Power of Women’s Networks

1

12 PM

$35

$45

Online

9/24/19

Get Out of the Casket and Up to the Podium

1.8

2 PM

$75

$90

Online

SUMMER 2019 *additional early registration discounts are available for in-person + simulcast events when registering more than 30 days in advance.

55

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

BUSINESS & INDUSTRY (ONLINE), CONTINUED 9/25/19

How to Identify, Explain, and Present Pertinent Financial Information to Non-Accountants

2

12 PM

$75

$90

Online

9/26/19

Anticipate Change: Avoiding Ulcers in the “New Abnormal World”

1

12 PM

$35

$45

Online

9/26/19

The Journey to Becoming a Cherished Advisor: The Soft Skills Needed to Create Long-Lasting Client Relationships

1

2 PM

$35

$45

Online

9/30/19

A Financial Forecasting: Planning for Success

4

10:30 AM

$179

$229

Online

10/3/19

A Leases: Mastering the New FASB Requirements

8

9 AM

$279

$349

Online

1

3 PM

$35

$45

Online

1.5

9 AM

$79

$99

Online

4

9 AM

$179

$229

Online

10/3/19 10/3/19

10/4/19

Working Together – Four Generations in the Workplace A Blockchain: Investigating Transactions & Fraud A Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

10/4/19

A Construction Contractors: Accounting, Auditing, and Tax

8

9 AM

$279

$349

Online

10/7/19

A Blockchain for Healthcare

4

2 PM

$199

$249

Online

10/8/19

A Financial Forecasting: Planning for Success

4

9 AM

$179

$229

Online

10/11/19

A Controller’s Update: Today’s Latest Trends

4

1 PM

$179

$229

Online

4

1 PM

$179

$229

Online

10/15/19

A The Changing Role of the Controller: Advancing from Tactical to Strategic

10/15/19

A Fraud: Recent Findings, Red Flags and Corruption Schemes

4

1 PM

$179

$229

Online

10/16/19

A Blockchain for Financial Services

4

9 AM

$179

$229

Online

1

11 AM

$35

$45

Online

4

9 AM

$179

$229

Online

1

2 PM

$35

$45

Online

10/16/19 10/18/19 10/18/19

Anticipate Greatness: Building a Productive, Resilient Workforce A Employment Law Update: Reducing Employer Liability

Respect, Safety and Ethics- The Next Step in Harassment AvoidanceEmployee Training

10/21/19

A Best Practices for Payroll Taxes and 1099 Issues

8

10:30 AM

$279

$349

Online

10/22/19

A Revenue Recognition: Mastering the New FASB Requirements

8

9 AM

$279

$349

Online

10/23/19

How to Build a Base of Personal Credibility and Trust

2

1 PM

$75

$90

Online

10/30/19

How to Identify, Explain, and Present Pertinent Financial Information to Non-Accountants

2

1 PM

$75

$90

Online

11/1/19

A Choice of and Formation of Entity

4

1 PM

$179

$229

Online

11/1/19

A Best Practices for Payroll Taxes and 1099 Issues

8

9 AM

$279

$349

Online

11/4/19

A Employment Law Update: Reducing Employer Liability

4

9 AM

$179

$229

Online

11/5/19

A Effective Business Communications

4

9 AM

$179

$229

Online

11/6/19

A Financial Forecasting: Planning for Success

4

1 PM

$179

$229

Online

56

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

BUSINESS & INDUSTRY (ONLINE), CONTINUED 11/7/19

A KPI Dashboards • The New Financial Reporting Model

2

1 PM

$99

$129

Online

11/8/19

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9 AM

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11 AM

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57

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

1

2 PM

$35

$45

Online

LOCATION

BUSINESS & INDUSTRY (ONLINE), CONTINUED 11/22/19

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12/3/19

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9 AM

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Online

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9 AM

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12/5/19

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6

10 AM

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4

9 AM

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12/6/19

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9 AM

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12/9/19

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4

1 PM

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4

1 PM

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9 AM

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1 PM

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9 AM

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12/13/19

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1 PM

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3 PM

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1 PM

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9 AM

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12/19/19

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2

1 PM

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4

9 AM

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9 AM

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4

1 PM

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8

10:30 AM

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12/27/19

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EM P LO Y E E B E N EF ITS (ON LIN E ) 7/15/19

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9 AM

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1 PM

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58

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

SUMMER 2019 *additional early registration discounts are available for in-person + simulcast events when registering more than 30 days in advance.

59

DATE

CPE

START TIME

$MEM

$NON-MEM

A Audits of 401(k) Plans

8

10:30 AM

$279

$349

Online

A Employment Law Update: Examining Critical Issues with FMLA, HIPPA,

4

9 AM

$179

$229

Online

4

1 PM

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$229

Online

COURSE TITLE

LOCATION

EMPLOYEE BENEFITS (ONLINE), CONTINUED 8/19/19

9/20/19

10/8/19

COBRA, ADA and More A Employment Law Update: Examining Critical Issues with FMLA, HIPPA, COBRA, ADA and More

10/21/19

A Best Practices for Payroll Taxes and 1099 Issues

8

10:30 AM

$279

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Online

11/1/19

A Best Practices for Payroll Taxes and 1099 Issues

8

9 AM

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$349

Online

4

9 AM

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$229

Online

8

9 AM

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Online

4

1 PM

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$229

Online

11/13/19

12/4/19

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A Employment Law Update: Examining Critical Issues with FMLA, HIPPA, COBRA, ADA and More A Best Practices for Payroll Taxes and 1099 Issues A Employment Law Update: Examining Critical Issues with FMLA, HIPPA, COBRA, ADA and More

ET HI CS ( O N L IN E) 7/17/19

Ethics: Why we Stray: A different look at Ethical Decision Making

2

2 PM

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Online

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Ethics: The Ethics of Change – Keeping Your Balance in Risky Times

2

11 AM

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Online

7/22/19

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2

2 PM

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8/19/19

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1 PM

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A Ethics and Professional Conduct: Updates and Practical Applications

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9 AM

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A AICPA Code: Ethics in Practice

2

1 PM

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12 PM

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4

9 AM

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10/7/19

Ethics: The Ethics of Technology: How to Out-Smart Your Smart Phone

4.5

9 AM

$110

$140

Online

10/22/19

Respect, Safety and Ethics- The Next Step in Harassment AvoidanceExecutive Briefing

2

11 PM

$75

$90

Online

10/23/19

Ethics: Avoiding the Slippery Slope of Ethical Pressures

4

1 PM

$110

$140

Online

4

1 PM

$179

$229

Online

11/5/19

A Ethics and Professional Conduct: Updates and Practical Applications

11/6/19

Ethics: The Ethics of Change – Keeping Your Balance in Risky Times

2

12 PM

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$90

Online

11/6/19

Ethics: Why we Stray: A different look at Ethical Decision Making

2

2:30 PM

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$90

Online

2

10 AM

$99

$129

Online

4

11 AM

$110

$140

Online

4

2:30 PM

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$229

Online

4

9 AM

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$140

Online

11/12/19 11/13/19 12/2/19 12/3/19

60

A AICPA Code: Ethics in Practice

Ethics: Avoiding the Slippery Slope of Ethical Pressures A Ethics and Professional Conduct: Updates and Practical Applications

Ethics: Avoiding the Slippery Slope of Ethical Pressures

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

2

2 PM

$99

$129

Online

4

10 AM

$110

$140

Online

LOCATION

ETHICS (ONLINE), CONTINUED 12/16/19 12/18/19

A AICPA Code: Ethics in Practice

Ethics: Caesar’s Wife: Tipping the Delicate Balance of Leadership and Ethics

FU T U RE R E A D Y (ON LIN E ) 7/17/19

How to Succeed as a First Time Manager

2

11 AM

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Online

7/18/19

Financial Storytelling: The Key in Growing Your Organization to the Next Level

2

10 AM

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7/19/19

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11 AM

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2

11 AM

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7/24/19

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1

1 PM

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Online

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Introduction to Data Analytics with Excel Power Query

1

2 PM

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Online

7/26/19

The Power of Women’s Networks

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11 AM

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Online

7/29/19

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1

12 PM

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1

2 PM

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2

10 AM

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10 AM

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Anticipate Development: Moving from Employee to Manager to Leader

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4 PM

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Online

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Anticipate Development: Moving from Employee to Manager to Leader

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3 PM

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Online

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61

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

1

2 PM

$35

$45

Online

LOCATION

FUTURE READY (ONLINE), CONTINUED 11/20/19

Anticipate Client Needs: Beyond Best Practices in Client and Customer Service

12/3/19

2019 CPA #FUTUREREADY SUMMIT

8

8 AM

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$395

Towson + Online

12/4/19

2019 AI IN ACCOUNTING & AUDITING CONFERENCE

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8:30 AM

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8 AM

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8 AM

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GOV E R N M E N T (ON LIN E ) 9/24/19

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8

9 AM

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Online

8/6/19

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9 AM

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8/20/19

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8

9 AM

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Online

10/16/19

A Form 990: Exploring the Form’s Complex Schedules

8

9 AM

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Online

11/26/19

A Form 990: Mastering Its Unique Characteristics

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9 AM

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$349

Online

12/5/19

A Form 990: Mastering Its Unique Characteristics

8

9 AM

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$389

Online

12/20/19

A Form 990: Exploring the Form’s Complex Schedules

8

9 AM

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Online

PE R S O N A L D E V ELOPME N T (ON LIN E ) 7/17/19

How to Succeed as a First Time Manager

2

11 AM

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$90

Online

7/22/19

A Vision for the Future-Ready Leader

1

11 AM

$35

$45

Online

7/24/19

The Journey to Becoming a Cherished Advisor: The Soft Skills Needed to Create Long-Lasting Client Relationships

1

1 PM

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$45

Online

7/26/19

The Power of Women’s Networks

1

11 AM

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$45

Online

8/6/19

How to Innovate When Your Boss Says ‘No’ – (FREE FOR MEMBERS)

1

12 PM

FREE

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Online

8/12/19

The Magic of Good Questions: Turning Conversations into Opportunities

1.8

1 PM

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Online

8/22/19

Anticipate Development: Moving from Employee to Manager to Leader

1

4 PM

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$45

Online

8/26/19

From Financial Expert to Strategic Business Leader: Leader Evolution

2

10 AM

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$90

Online

8/28/19

The Path to Creating Work-Life Harmony

0.8

12 PM

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9/17/19

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12 PM

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Online

9/17/19

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2

3 PM

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$90

Online

9/23/19

A Vision for the Future-Ready Leader

1

1 PM

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$45

Online

62

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

PERSONAL DEVELOPMENT (ONLINE), CONTINUED 9/24/19

The Power of Women’s Networks

1

12 PM

$35

$45

Online

9/26/19

The Journey to Becoming a Cherished Advisor: The Soft Skills Needed to Create Long-Lasting Client Relationships

1

2 PM

$35

$45

Online

10/23/19

How to Build a Base of Personal Credibility and Trust

2

1 PM

$75

$90

Online

10/25/19

How to Succeed as a First Time Manager

2

1 PM

$75

$90

Online

10/30/19

Leadership Improv – Why “Fake It Until You Make It” Works

2

3 PM

$75

$90

Online

11/18/19

The Journey to Becoming a Cherished Advisor: The Soft Skills Needed to Create Long-Lasting Client Relationships

1

3 PM

$35

$45

Online

11/18/19

Anticipate Development: Moving from Employee to Manager to Leader

1

3 PM

$35

$45

Online

11/20/19

How to Lead, Coach, and Develop a Winning Team

2

2 PM

$75

$90

Online

11/25/19

A Vision for the Future-Ready Leader

1

12 PM

$35

$45

Online

12/10/19

The Path to Creating Work-Life Harmony

0.8

3 PM

$35

$45

Online

12/17/19

The Power of Women’s Networks

1

1 PM

$35

$45

Online

12/18/19

The Magic of Good Questions: Turning Conversations into Opportunities

1.8

1 PM

$75

$90

Online

PER S O N A L F IN A NCIAL PLAN N IN G (ONLINE) 8/1/19

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4

9 AM

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Online

8/15/19

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9 AM

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Online

16

8 AM

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9 AM

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Online

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8:30 AM

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9/17/19 10/2/19 10/29/19

50th ANNUAL CHESAPEAKE TAX CONFERENCE A Social Security and Medicare: Maximizing Retirement Benefits

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11/6/19

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1 PM

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Online

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A Social Security and Medicare: Maximizing Retirement Benefits

4

1 PM

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$229

Online

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4

1 PM

$179

$229

Online

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A Social Security and Medicare: Maximizing Retirement Benefits

4

9 AM

$179

$229

Online

1.5

1 PM

$79

$99

Online

PRA CT I TIO N E R S (ON LIN E ) 7/24/19

A Capitalizing on Tax Reform: Tips for Effective Client Conversations

7/31/19

A Individual Tax Fundamentals

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9 AM

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$349

Online

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9 AM

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8/2/19

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9 AM

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Online

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1 PM

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$229

Online

SUMMER 2019 *additional early registration discounts are available for in-person + simulcast events when registering more than 30 days in advance.

63

NONPROFIT AND FAITH-BASED ORGANIZATIONS DATE COURSE TITLE CPE START TIME

Small Business. Big Savings. $MEM

$NON-MEM

LOCATION

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64

Group discounts are available.

STATEMENT

DELMARVA POWER ENERGY SAVINGS FOR BUSINESS PROGRAM

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

PRACTITIONERS (ONLINE), CONTINUED 8/15/19

A Blockchain: Investigating Transactions & Fraud

1.5

9 AM

$79

$99

Online

8/21/19

A Capitalizing on Tax Reform: Tips for Effective Client Conversations

1.5

1 PM

$79

$99

Online

16

8 AM

$320

$420

Baltimore + Online

4

1 PM

$199

$249

Online

9/17/19

50th ANNUAL CHESAPEAKE TAX CONFERENCE

9/18/19

A Blockchain for Healthcare

9/18/19

A Blockchain: Investigating Transactions & Fraud

1.5

10 AM

$79

$99

Online

10/3/19

A Blockchain: Investigating Transactions & Fraud

1.5

9 AM

$79

$99

Online

10/7/19

A Blockchain for Healthcare

4

2 PM

$199

$249

Online

10/16/19

A Blockchain for Financial Services

4

9 AM

$179

$229

Online

11/6/19

A Estate & Trust Primer

4

1 PM

$179

$229

Online

11/13/19

A Blockchain: Investigating Transactions & Fraud

1.5

3 PM

$79

$99

Online

11/21/19

A Individual Tax Fundamentals

8

9 AM

$279

$349

Online

12/5/19

A Individual Tax Fundamentals

8

9 AM

$279

$349

Online

12/6/19

A Estate & Trust Primer

4

1 PM

$179

$229

Online

12/10/19

A Blockchain for Financial Services

4

1 PM

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$229

Online

16

8 AM

$400

$500

Columbia + Online

1.5

9 AM

$79

$99

Online

4

9 AM

$199

$249

Online

16

8 AM

$400

$500

Timonium + Online

12/12 12/13/19

MACPA’s 1040 Fast Track

12/18/19

A Blockchain: Investigating Transactions & Fraud

12/19/19

A Blockchain for Healthcare

1/9 1/10/20

MACPA’s 1040 Fast Track

SPE CI AL IZ E D K N OWLE D GE & APPLICAT IO NS (ONLINE) 7/15/19

A Streamlined Excel Reporting Series Session 1: PivotTable Fundamentals

2

2 PM

$99

$129

Online

7/16/19

A Streamlined Excel Reporting Series Session 2: Working with PivotTables

2

2 PM

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$129

Online

7/17/19

A Streamlined Excel Reporting Series Session 3: PivotTable Wrap • Up and Web Data

2

2 PM

$99

$129

Online

7/18/19

A Streamlined Excel Reporting Series Session 4: External Data and PivotCharts

2

2 PM

$99

$129

Online

1.5

1 PM

$79

$99

Online

1

1 PM

$99

$129

Online

4

9 AM

$179

$229

Online

3

1 PM

$149

$189

Online

7/24/19

A Capitalizing on Tax Reform: Tips for Effective Client Conversations

7/24/19

A Are You Ready for Your Peer Review?

8/1/19

8/5/19

A Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization A How to Build a Virtual Accounting Services Practice

SUMMER 2019 *additional early registration discounts are available for in-person + simulcast events when registering more than 30 days in advance.

65

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

ETHICS (ONLINE), CONTINUED

Invest in your firm and empower your staff.

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Visit tax.tr.com

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66

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

SPECIALIZED KNOWLEDGE & APPLICATIONS (ONLINE), CONTINUED 8/8/19

A Robotic Process Automation Strategy for Business Leaders

5.5

11 AM

$199

$249

Online

8/21/19

A Capitalizing on Tax Reform: Tips for Effective Client Conversations

1.5

1 PM

$79

$99

Online

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A Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization

4

9 AM

$179

$229

Online

9/9/19

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2

11 AM

$99

$129

Online

9/16/19

A Using Microsoft OneNote as a MAP Handbook Tool

2

11 AM

$99

$129

Online

9/16/19

A Excel for Accounting Professionals Session 1: Tables and Named References

2

1 PM

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$129

Online

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A Excel for Accounting Professionals Session 2: Data Validation and Conditional Formatting

2

1 PM

$99

$129

Online

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A Excel for Accounting Professionals Session 3: Workbook Design Principles and Organization

2

1 PM

$99

$129

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9/19/19

A Excel for Accounting Professionals Session 4: Conditional Summing and Lookups

2

1 PM

$99

$129

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2

1 PM

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$129

Online

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A Excel for Accounting Professionals Session 6: List Comparisons and Indenting

2

1 PM

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A Excel for Accounting Professionals Session 7: Date Driven Workbooks and Concatenation

2

2 PM

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2 PM

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11 AM

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Online

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A Blockchain Application

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11 AM

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Online

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A Streamlined Excel Reporting Series Session 1: PivotTable Fundamentals

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1 PM

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Online

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1 PM

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1 PM

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A Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization A Streamlined Excel Reporting Series Session 2: Working with PivotTables

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A Streamlined Excel Reporting Series Session 3: PivotTable Wrap • Up and Web Data

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1 PM

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Online

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A Streamlined Excel Reporting Series Session 4: External Data and PivotCharts

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1 PM

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Online

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11 AM

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A Robotic Process Automation Strategy for Business Leaders

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1 PM

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Online

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10:30 AM

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1 PM

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10 AM

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Online

11/4/19

Organization

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A KPI Dashboards • The New Financial Reporting Model

11/15/19

A Blockchain Application

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67

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

SPECIALIZED KNOWLEDGE & APPLICATIONS (ONLINE), CONTINUED 11/22/19

A Using Microsoft OneNote as a MAP Handbook Tool

2

1 PM

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Online

12/2/19

A How to Build a Virtual Accounting Services Practice

3

1 PM

$149

$189

Online

8

8 AM

$295

$395

Towson + Online

5.5

11 AM

$199

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Online

4

1 PM

$179

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Online

2

11 AM

$99

$129

Online

12/3/19 12/5/19

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12/9/19

2019 CPA #FUTUREREADY SUMMIT A Robotic Process Automation Strategy for Business Leaders A Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization A Excel for Accounting Professionals Session 1: Tables and Named

References

12/10/19

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2 PM

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Online

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2 PM

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Online

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11 AM

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Online

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11 AM

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Online

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A Excel for Accounting Professionals Session 5: Error Trapping and

Improving Lookups

12/16/19

A Excel for Accounting Professionals Session 6: List Comparisons and Indenting

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11 AM

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Online

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11 AM

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11 AM

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Online

5.5

11 AM

$199

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Online

12/20/19

A Blockchain Application

TAX ( ON L IN E ) 7/15/19

A Best Practices for Payroll Taxes and 1099 Issues

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10:30 AM

$279

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10:30 AM

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1 PM

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1 PM

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A Form 990: Mastering Its Unique Characteristics

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9 AM

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9 AM

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9 AM

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A Estate & Trust Primer

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9 AM

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Online

8/1/19

A S Corporations: Key Issues, Compliance, and Tax

8

9 AM

$279

$349

Online

68

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

TAX (ONLINE), CONTINUED 8/2/19

A Health Care Reform Act: Critical Tax and Insurance Ramifications

3

10 AM

$149

$189

Online

8/2/19

A Individual Tax Fundamentals

8

9 AM

$279

$349

Online

8/5/19

A Intermediate Individual Taxation

8

10:30 AM

$279

$349

Online

8/5/19

A Tax Fundamentals of LLCs and Partnerships

8

10:30 AM

$279

$349

Online

8/6/19

A Advanced Tax Planning S Corporations

8

9 AM

$279

$349

Online

8/6/19

A Form 990: Mastering Its Unique Characteristics

8

9 AM

$279

$349

Online

8/6/19

A Tax Reform: Overview of Final Section 199A Regulations

2

1 PM

$99

$129

Online

8/7/19

A Tax Reform: A Case Study Approach to Final Section 199A

2

1 PM

$99

$129

Online

8

9 AM

$279

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Online

8/8/19

A Basis/Distributions for Pass • Through Entities: Simplifying the Complexities

8/9/19

A Construction Contractors: Accounting, Auditing, and Tax

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9 AM

$279

$349

Online

8/12/19

A IRS Audits

4

2:30 PM

$179

$229

Online

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A Choice of and Formation of Entity

4

10:30 AM

$179

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Online

8/12/19

A Tax Planning for Small Businesses

4

2:30 PM

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Online

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A Tax Research I

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1 PM

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Online

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A Tax Research II

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9 AM

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Online

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A Social Security and Medicare: Maximizing Retirement Benefits

4

9 AM

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Online

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A Blockchain Implications for Tax

8.5

9 AM

$299

$379

Online

SUMMER 2019 *additional early registration discounts are available for in-person + simulcast events when registering more than 30 days in advance.

69

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STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

TAX (ONLINE), CONTINUED 8/20/19

A Form 990: Exploring the Form’s Complex Schedules

8

9 AM

$279

$349

Online

8/21/19

A Capitalized Costs and Depreciation

6

11 AM

$159

$199

Online

8/21/19

A Tax Reform: Overview of Final Section 199A Regulations

2

1 PM

$99

$129

Online

8/22/19

A Tax Reform: A Case Study Approach to Final Section 199A

2

1 PM

$99

$129

Online

8/26/19

A Working Paper Documentation

2

1 PM

$99

$129

Online

8/27/19

A Taxation of Property Transactions

4

1 PM

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$229

Online

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A Multistate Income Tax

8

9 AM

$279

$349

Online

9/5/19

A Health Care Reform Act: Critical Tax and Insurance Ramifications

3

1 PM

$149

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Online

9/9/19

A Tax Reform: Overview of Final Section 199A Regulations

2

1 PM

$99

$129

Online

9/10/19

A Tax Reform: A Case Study Approach to Final Section 199A

2

1 PM

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$129

Online

9/17/19

50th ANNUAL CHESAPEAKE TAX CONFERENCE

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8 AM

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Baltimore + Online

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9 AM

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$379

Online

9/19/19

A Blockchain Implications for Tax

9/25/19

A Tax Reform: Overview of Final Section 199A Regulations

2

1 PM

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$129

Online

9/26/19

A Tax Reform: A Case Study Approach to Final Section 199A

2

1 PM

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$129

Online

10/2/19

A Social Security and Medicare: Maximizing Retirement Benefits

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9 AM

$179

$229

Online

10/4/19

A Construction Contractors: Accounting, Auditing, and Tax

8

9 AM

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$349

Online

10/7/19

A Health Care Reform Act: Critical Tax and Insurance Ramifications

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10 AM

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Online

10/16/19

A Form 990: Exploring the Form’s Complex Schedules

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9 AM

$279

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A Best Practices for Payroll Taxes and 1099 Issues

8

10:30 AM

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A Schedule A Public Support Test for NFPs

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1 PM

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10/24/19

A Annual Tax Update: Corporations and Pass • Through Entities

8

9 AM

$279

$349

Online

10/25/19

A Annual Tax Update: Individuals and Sole Proprietors

8

9 AM

$279

$349

Online

8

8:30 AM

$295

$395

Timonium + Online

10/29/19

34th ANNUAL PERSONAL FINANCIAL PLANNING CONFERENCE

10/31/19

A AICPA’s Annual Federal Tax Update

8

9 AM

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Online

11/1/19

A Choice of and Formation of Entity

4

1 PM

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Online

11/1/19

A Best Practices for Payroll Taxes and 1099 Issues

8

9 AM

$279

$349

Online

11/1/19

A Tax Fundamentals of LLCs and Partnerships

8

9 AM

$279

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Online

11/5/19

A Tax Research I

4

9 AM

$179

$229

Online

SUMMER 2019 *additional early registration discounts are available for in-person + simulcast events when registering more than 30 days in advance.

71

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

TAX (ONLINE), CONTINUED 11/5/19

A Tax Research II

4

1 PM

$179

$229

Online

11/6/19

A Estate & Trust Primer

4

1 PM

$179

$229

Online

11/6/19

A Intermediate Individual Taxation

8

9 AM

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Online

8

8 AM

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11/7/19

Don Farmer’s 2019 Individual Income Tax Workshop

11/7/19

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4

9 AM

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$229

Online

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1 PM

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Online

11/7/19

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9 AM

$299

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8 AM

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9 AM

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Online

11/8/19

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Don Farmer’s 2019 Corporate Income Tax Workshop A Basis/Distributions for Pass • Through Entities: Simplifying the Complexities

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10 AM

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Online

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8

10:30 AM

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Online

11/15/19

A Health Care Reform Act: Critical Tax and Insurance Ramifications

3

10 AM

$149

$189

Online

11/15/19

A Tax Planning for Small Businesses

4

9 AM

$179

$229

Online

11/18/19

A Construction Contractors: Accounting, Auditing, and Tax

8

10:30 AM

$279

$349

Online

11/19/19

A Advanced Tax Planning S Corporations

8

9 AM

$279

$349

Online

11/19/19

A Annual Tax Update: Corporations and Pass • Through Entities

8

9 AM

$279

$349

Online

11/21/19

A Capitalized Costs and Depreciation

6

11 AM

$159

$199

Online

11/21/19

A Individual Tax Fundamentals

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9 AM

$279

$349

Online

8

8 AM

$330

$430

Baltimore + Online

11/22/19

Don Farmer’s 2019 Federal Tax Update

11/22/19

A Taxation of Property Transactions

4

9 AM

$179

$229

Online

11/22/19

A AICPA’s Annual Federal Tax Update

8

9 AM

$279

$349

Online

11/25/19

A Multistate Income Tax

8

10:30 AM

$279

$349

Online

11/26/19

A Form 990: Mastering Its Unique Characteristics

8

9 AM

$279

$349

Online

11/26/19

A Annual Tax Update: Individuals and Sole Proprietors

8

9 AM

$279

$349

Online

12/2/19

A S Corporations: Key Issues, Compliance, and Tax

8

9 AM

$279

$349

Online

12/3/19

A Tax Research I

4

9 AM

$179

$229

Online

12/3/19

A Tax Research II

4

9 AM

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Online

8

9 AM

$279

$349

Online

12/4/19

72

A Basis/Distributions for Pass • Through Entities: Simplifying the Complexities

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

8

9 AM

$279

$349

Online

8.5

9 AM

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LOCATION

TAX (ONLINE), CONTINUED 12/4/19

A Best Practices for Payroll Taxes and 1099 Issues

12/4/19

A Blockchain Implications for Tax

12/5/19

A Capitalized Costs and Depreciation

6

10 AM

$159

$199

Online

12/5/19

A Individual Tax Fundamentals

8

9 AM

$279

$349

Online

12/5/19

A Form 990: Mastering Its Unique Characteristics

8

9 AM

$279

$389

Online

12/6/19

A Estate & Trust Primer

4

1 PM

$179

$229

Online

12/9/19

A Advanced Tax Planning S Corporations

8

10:30 AM

$279

$349

Online

12/10/19

A Social Security and Medicare: Maximizing Retirement Benefits

4

9 AM

$179

$229

Online

12/11/19

A IRS Audits

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1 PM

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$229

Online

12/11/19

A Choice of and Formation of Entity

4

9 AM

$179

$229

Online

12/11/19

A Tax Planning for Small Businesses

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1 PM

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Online

16

8 AM

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9 AM

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Online

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73

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

TAX (ONLINE), CONTINUED 12/17/19

A Health Care Reform Act: Critical Tax and Insurance Ramifications

3

1 PM

$149

$189

Online

12/18/19

A Intermediate Individual Taxation

8

9 AM

$279

$349

Online

12/18/19

A Multistate Income Tax

8

9 AM

$279

$349

Online

12/18/19

A Annual Tax Update: Corporations and Pass • Through Entities

8

9 AM

$279

$349

Online

12/19/19

A Taxation of Property Transactions

4

1 PM

$179

$229

Online

12/19/19

A AICPA’s Annual Federal Tax Update

8

9 AM

$279

$349

Online

12/20/19

A Annual Tax Update: Individuals and Sole Proprietors

8

9 AM

$279

$349

Online

12/20/19

A Form 990: Exploring the Form’s Complex Schedules

8

9 AM

$279

$349

Online

12/20/19

A Working Paper Documentation

2

1 PM

$99

$129

Online

12/23/19

A Tax Fundamentals of LLCs and Partnerships

8

10:30 AM

$279

$349

Online

16

8 AM

$400

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Timonium + Online

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A Introduction to Data Analytics and Microsoft PowerBI Tools

2

12 PM

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Online

7/16/19

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2

12 PM

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Online

7/17/19

A Microsoft PowerBI • Introduction to Data Analysis in Excel

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12 PM

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Online

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12 PM

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Online

7/19/19

A Microsoft PowerBI • Power Pivot for Advanced Data Analysis

4

12 PM

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Online

7/24/19

A MS PowerPoint • Create Presentations that Engage Your Audience

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1 PM

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2 PM

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Online

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1 PM

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Online

7/25/19 7/25/19

Introduction to Data Analytics with Excel Power Query A Simplifying Security of Online Passwords

7/29/19

How to Thrive in the Age of Creative Destruction – Big Data, AI, Blockchain

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12 PM

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A Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization

4

9 AM

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Online

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1 PM

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Online

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A Mastering Data Preparation and Analysis in Excel

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9 AM

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Online

8/14/19

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12 PM

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1 PM

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A Excel • Using PivotTables for Data Analysis

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1 PM

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Online

8/20/19

A MS PowerPoint • Advanced Techniques for Better Presentations

2

1 PM

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Online

74

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

4

9 AM

$179

$229

Online

LOCATION

TECHNOLOGY (ONLINE), CONTINUED 9/4/19

A Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization

9/4/19

A Spreadsheet Risk • Can you eliminate it?

2

11 AM

$99

$129

Online

9/5/19

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2

11 AM

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Online

9/9/19

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2

11 AM

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$129

Online

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A The Digital Office The CPA Technology Toolkit

2

11 AM

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$129

Online

9/16/19

A Using Microsoft OneNote as a MAP Handbook Tool

2

11 AM

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$129

Online

9/17/19

A Excel for Accounting Professionals Session 2: Data Validation and Conditional Formatting

2

1 PM

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$129

Online

9/18/19

A Excel for Accounting Professionals Session 3: Workbook Design Principles and Organization

2

1 PM

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$129

Online

9/18/19

A MS PowerPoint • Create Presentations that Engage Your Audience

2

11 AM

$99

$129

Online

9/19/19

A Excel for Accounting Professionals Session 4: Conditional Summing and Lookups

2

1 PM

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$129

Online

9/20/19

A Excel for Accounting Professionals Session 5: Error Trapping and Improving Lookups

2

1 PM

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$129

Online

9/23/19

A Excel for Accounting Professionals Session 6: List Comparisons and Indenting

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1 PM

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Online

5

11 AM

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Online

9/24/19

A Introduction to Blockchain

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75

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

2

2 PM

$99

$129

Online

4.5

11 AM

$199

$249

Online

2

2 PM

$99

$129

Online

1

11 AM

$59

$69

Online

4

1 PM

$179

$229

Online

LOCATION

TECHNOLOGY (ONLINE), CONTINUED 9/24/19

9/25/19

9/25/19

9/26/19

10/8/19

A Excel for Accounting Professionals Session 7: Date Driven Workbooks and Concatenation A The Potential of Blockchain A Excel for Accounting Professionals Session 8: Dynamic Headers, Mapping Tables and Error Check A Simplifying Security of Online Passwords A Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization

10/8/19

A 10 Steps to a Digital Office in the Cloud

2

11 AM

$99

$129

Online

10/9/19

A Mastering Data Preparation and Analysis in Excel

2

11 AM

$99

$129

Online

10/14/19

A Introduction to Data Analytics and Microsoft PowerBI Tools

2

10 AM

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Online

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1 PM

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Online

10/15/19

Introduction to Data Analytics with Excel Power Query

10/15/19

A Microsoft PowerBI • Get Started with the Right Data

2

10 AM

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$129

Online

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A Microsoft PowerBI • Introduction to Data Analysis in Excel

2

10 AM

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Online

10/17/19

A Microsoft PowerBI • Improve Data Analysis with DAX Measures

2

10 AM

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10/18/19

A Microsoft PowerBI • Power Pivot for Advanced Data Analysis

4

10 AM

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$229

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10/21/19

A Excel • Using PivotTables for Data Analysis

4

11 AM

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Online

10/23/19

A MS PowerPoint • Advanced Techniques for Better Presentations

2

11 AM

$99

$129

Online

4

10:30 AM

$179

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Online

11/4/19

A Data Breaches & Other Cyber Frauds: A 21st Century Risk to Your Organization

11/4/19

A Adobe Acrobat • Securing Your PDF Files

2

1 PM

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Online

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A The Digital Office The CPA Technology Toolkit

2

1 PM

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11/7/19

A KPI Dashboards • The New Financial Reporting Model

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1 PM

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A Spreadsheet Risk • Can you eliminate it?

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9 AM

$99

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11/11/19

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10 AM

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11/12/19

A Microsoft PowerBI • Fundamentals of the PowerBI Desktop App

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10 AM

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11/13/19

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10 AM

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11/22/19

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76

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

A GAME CHANGER HAS ARRIVED Discover the Sage Accountants Network Client Advisory Services (SAN CAS) Program Take advantage of our visionary solution and you’ll elevate your advisory services, powerfully.

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77

DATE

COURSE TITLE

CPE

START TIME

$MEM

$NON-MEM

LOCATION

TECHNOLOGY (ONLINE), CONTINUED 12/3/19

A 10 Steps to a Digital Office in the Cloud

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2 PM

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2 PM

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11 AM

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11 AM

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1 PM

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12/17/19

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A MS PowerPoint • Advanced Techniques for Better Presentations A Excel for Accounting Professionals Session 7: Date Driven Workbooks and Concatenation A The Potential of Blockchain A Excel for Accounting Professionals Session 8: Dynamic Headers, Mapping Tables and Error Check A Time to Get Serious About Information Security

REGISTER ONLINE AT

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78

Group discounts are available.

STATEMENT

DATE

COURSE TITLE

TAX (ONLINE), CONTINUED

10 Things 10 Things Professionals 10 Things Professionals Want Most Professionals Want Most Want Most 1. Purpose 1. Purpose 1.

2. Purpose Goals 2. Goals 2.

3. Goals Responsibility 3. Responsibility 3.

Responsibility 4. Autonomy 4. Autonomy 4.

5. Autonomy Flexibility 5. Flexibility 5.

6. Flexibility Development 6. Development 6.

7. Development Opportunity 7. Opportunity 7.

Opportunity 8. Transparency 8. Transparency 8.

9. Transparency Rewards 9. Rewards 9.

10.Rewards GROSSBERG 10. GROSSBERG 10. GROSSBERG

CPE

START TIME

$MEM

$NON-MEM

LOCATION

WE’RE HIRING TOP TALENT! WE’RE HIRING TOP WE’RE HIRING TOP TALENT! TALENT!

Grossberg is a unique environment where talented and highly sophisticated professionals Grossberg is a unique environment where talented and highly sophisticated professionals excel. Ourisstaff and partners are some of the best and brightest in their field, operating at Grossberg a unique environment where talented highly sophisticated professionals excel. Our staff and partners are some of the best and brightest in their field, operating at the highest of professionalism and technical expertise. excel.

Our level staff and partners are some of the best and brightest in their field, operating at the highest level of professionalism and technical expertise. the highest level of professionalism and technical expertise.

Here, you find a culture of people who enjoy the challenge of untangling today’s highly Here, you find a culture of people who enjoy the challenge of untangling today’s highly complex business, nancial tax issues, while enjoying thehighly benefits of Here, youweb findof a culture oftransactional, people who fienjoy theand challenge of untangling today’s complex web of business, transactional, financial and tax issues, while enjoying the benefits of working oneofofbusiness, the area’s premier firms. complex atweb transactional, financial and tax issues, while enjoying the benefits of working at one of the area’s premier firms. working at one of the area’s premier firms.

Our mentorship program ensures that everyone has access to one-on-one training by Our mentorship program ensures that everyone has access to one-on-one training by industry experts program who encourage development.

In addition,training the boutique Our mentorship ensurestheir that professional everyone has access to one-on-one by industry experts who encourage their professional development. In addition, the boutique nature of our fi rm allows us to interact regularly and learn from one another in more casual industry experts who encourage their professional development. In addition, the boutique nature of our firm allows us to interact regularly and learn from one another in more casual ways. provides us withusthe toregularly offer skilled tremendous natureThis of our firm allows to ability interact andprofessionals learn from one another inopportunities more casual ways. This provides us with the ability to offer skilled professionals tremendous opportunities for growth and job satisfaction, as well as a great work environment. ways. This provides us with the ability to offer skilled professionals tremendous opportunities for growth and job satisfaction, as well as a great work environment. for growth and job satisfaction, as well as a great work environment.

Our culture is defined by our people. We pride ourselves on fostering an environment of Our culture is defined by our people. We pride ourselves on fostering an environment of collegiality camaraderie; truly care aboutourselves each other work together to meetofthe Our cultureand is defi ned by ourwe people.

We pride onand fostering an environment collegiality and camaraderie; we truly care about each other and work together to meet the demands ofand ourcamaraderie; elite group of It is only this teamwork we are collegiality weclients. truly care aboutthrough each other and work that together to able meettothe demands of our elite group of clients. It is only through this teamwork that we are able to meet our of professional demands, advance skills, demands our elite group of clients.

It is our onlybusiness throughand thistechnical teamwork thatand westill aresupport able to meet our professional demands, advance our business and technical skills, and still support each other to maintaindemands, a healthy advance work/family balance. meet our professional our life business and technical skills, and still support each other to maintain a healthy work/family life balance. each other to maintain a healthy work/family life balance.

This is an integral part of who we are, why we are successful, and how we have maintained This is an integral part of who we are, why we are successful, and how we have maintained our reputation as part one of the in the This is an integral whobest we firms are, why wecountry. are successful, and how we have maintained our reputation as one of the best firms in the country. our reputation as one of the best firms in the country.

Growth in our business has created new opportunities for Growth in our business has created new opportunities for experienced CPAs. If you are seeking to move to the next Growth in our business has created new opportunities for level in experienced CPAs. If you are seeking to move to the next level in your career, consider joining Grossberg team! experienced CPAs. If you are the seeking to move to the next level in your career, consider joining the Grossberg team! your career, consider joining the Grossberg team!

Qualifications: Qualifications: •Qualifications: 5+ years of professional experience in public accounting • 5+ years of professional experience in public accounting •• Ability to of research issues experience and apply concepts clients’ situations 5+ years professional in public to accounting • Ability to research issues and apply concepts to clients’ situations •• Profi ciency in technical and research Ability to research issueswriting and apply concepts to clients’ situations • Proficiency in technical writing and research •• Ability to communicate with clients and staff at all levels Proficiency in technical writing and research • Ability to communicate with clients and staff at all levels •• Comfortable with working a teamand environment Ability to communicate withinclients staff at all levels • Comfortable with working in a team environment • Comfortable with working in a team environment

Looking for an exciting new opportunity, and a Great Place to Work?

Looking for an exciting new opportunity, and a Great Place to Work?

Looking an exciting new opportunity, and a Great Place to Work?

Apply atfor www.Grossberg.com Apply at www.Grossberg.com Apply at www.Grossberg.com Grossberg Company LLP Grossberg LLP 6500 Rock Company Spring Drive Grossberg Company LLP 6500 Rock Spring Drive Suite 200 6500 Rock Spring Drive Suite 200 MD Bethesda, 20817 Suite 200 Bethesda, MD 20817 Bethesda, MD 20817 SUMMER 2019 *additional early registration discounts are available for in-person + simulcast events when registering more than 30 days in advance.

Trusted Business Advisor Since 1924 Trusted Business Advisor Since Trusted Business Advisor Since 1924 1924

79

DATE

COURSE TITLE

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START TIME

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LOCATION

NEWLY-LICENSED CPA

Swearing-In Ceremony Celebrate our profession and honor its future.

November 14, 2019 Maryland Live! Hotel

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TRACTION ® Instilling focus, discipline, and accountability throughout the company so that everyone executes on that vision—every day HEALTHY Helping your leaders become a more cohesive, functional, healthy leadership team

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MARYLAND ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS 901 Dulaney Valley Road, Suite 800 Towson, MD 21204 410.296.6250 | www.macpa.org

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