2010 CPA SUMMIT & ANNUAL MEETING in conjunction with the Tax Conference November 11-12, 2010 | Embassy Suites • Columbia, SC
Reflecting Back, Looking Forward As we celebrate the 95th anniversary of SCACPA, reflecting back is the key to looking forward. Despite the upheaval of national healthcare reform, new regulatory changes, challenges confronting the profession, and the financial pressures of the market, the CPA Summit is designed to provide you with the keys to looking forward. CPAs, their businesses and their clients can unlock the door to success and overcome potential hurdles by adopting approaches that deliver on transformational ideas and business solutions. The idea is working together toward a common goal. Register today to secure your seat at this premier event!
2010 CPA Summit and Annual Meeting | November 11-12, 2010 | Embassy Suites • Columbia, SC
Schedule At A Glance Thursday, November 11 7:30 am - 4:30 pm Registration and Message Center 7:30 - 10:30 am
Continental Breakfast
8:00 - 8:45 am
Annual SCACPA Business Meeting (A01)
8:45 - 10:30 am
Concurrent Sessions
• Effective and Efficient Risk-Based Financial Statement Audits in Compliance with Yellow Book (B01) • Economic Outlook (B02) • Technology Update (B03)
10:30 - 10:45 am
Break and Exhibit Visits
10:45 am - 12:20 pm Concurrent Sessions • Internal Controls for Smaller Entities: Practical Case Studies (C01) • How to Deal with the IRS: Taxpayer Advocacy (C02) • Green Plus, Sustainability and the Triple Bottom Line (C03)
12:20 pm - 1:20 pm Summit Luncheon
Friday, November 12 1:20 - 3:00 pm
Concurrent Sessions
• Fair Value Accounting: A Critical New Skill for All CPAs (D01) • IRS Circular 230 and Disclosure of Uncertain Positions (D02) • Retaining Your Top Talent: Maintain the Desired Return on Your Investment (D03)
3:00 - 3:20 pm Break and Exhibit Visits 3:20 - 5:00 pm
Concurrent Sessions
• International Financial Reporting Standards (E01) • How to Deal with the IRS: Audits, Examinations, Appeals and the Aftermath (E02) • Social Media and the CPA (E03)
5:30 - 6:30 pm
Old Guard Reception (F01) Young CPAs Reception F02)
6:30 - 7:15 pm
Opening Member Reception (G01)
7:30 - 10:00 pm Summit Dinner, Awards Ceremony and Passing of the Gavel (H01)
6:45 am - 4:30 pm Registration and Message Center
1:45 - 3:25 pm
Concurrent Sessions
7:30 - 10:30 am Continental Breakfast
• What’s Happening with the Board of Accountancy (M01) • Legislative Tax Update (M02) • Turning Trust into Value: Business Development Boot Camp (M03) • CPA Exam Simulation (M04)
8:30 - 10:15 am Concurrent Sessions
3:25 - 3:40 pm
Break and Exhibit Visits
3:40 - 4:30 pm
Concurrent Sessions
7:15 - 8:15 am Managing Partners Breakfast (I01)
• Auditing Real-World Fraud (J01) • Hot Topics in Estate and Gift Tax (J02) • Performance, Productivity and Profit: Creating the Higher Energy Organization(J03)
10:15 - 10:30 am Break and Exhibit Visits 10:30 am - 12:05 pm Concurrent Sessions • SSARS Update (K01) • Judicial and Administrative Highlights: Focus on Accounting Practice (K02) • Five Smooth Stones: Facing Goliath and Winning (K03)
12:05 - 1:40 pm
New CPA Oath Ceremony and Student Recognition Luncheon (L01)
• Accounting & Auditing Update (N01) • Tax Compliance for Equity and Incentive Benefit Arrangements (N02) • Health Reform and Its Impact (N03)
Technology
Tax
A&A
Session Descriptions | Thursday, November 11 | 8:45 - 10:30 am Effective and Efficient Risk-Based Financial Statement Audits in Compliance with Yellow Book, Jennifer Louis, Business Learning Institute, Towson, MD(B01) – 2 credits Economic Outlook, Tim Quinlan, Wells Fargo Securities, Charlotte, NC ; Holley Ulbrich, Clemson University, Clemson (B02) – 2 credits Technology Update, Carlton Collins, AdvisorCPE, Norcross, GA (B03) – 2 credits
In recent years, the auditing standards have been strengthened in an attempt to improve the quality and effectiveness of financial statement audits. CPA firms need to act now to train audit professionals on how to effectively and efficiently perform audits that comply with relevant standards.
After weathering the sharpest contraction in economic activity since the Great Depression, the U.S. economy is gradually regaining lost ground. But the road to recovery will not be easy. In this presentation, Wells Fargo economist Tim Quinlan and Clemson Professor Holley Ulbrich will describe where the U.S. economy fits in the global recovery while providing some insight as to how the U.S. recovery will take shape. It’s a technology world – are you in it? In this technology session, Collins will bring you up to date on the very latest technology products and applications you need to get your job done faster, better, and more efficiently. The session will cover solutions that are most important to CPAs, including hardware, software, security, communications, internet, gadgets and devices to help your company or clients squeeze the most out of today’s technology. You will receive two dozen useful tips and see live demonstrations of many of the technologies discussed. He will also share with you a list of 50 technologies he believes will make every CPA as productive as possible.
There is simply no denying that a sufficiently designed and effectively operating system of internal controls over financial reporting is more important than ever. In this course, we will use extensive exercises and case studies to reinforce fundamental theory through “real-life” scenarios that both internal and external accounting personnel performing internal control-related activities in a wide variety of industries will find beneficial. The program qualifies toward the 24-hour Yellow Book requirement.
Tax
How to Deal with the IRS: Taxpayer Advocacy, Gwen Sonier and Frances Kleckley, Internal Revenue Service, Columbia (C02) – 2 credit
Many fear the IRS more than death itself. The IRS does wield an immense amount of power. If your clients receive a letter in the mail and they see the IRS as the sender, they can be overwhelmed by the experience. Attend this session and learn the procedures for getting assistance from the Taxpayer Advocate Division of the IRS – what they can do and how to ask for it. You’ll also learn what issues the National Taxpayer Advocate is working on, including why it opposes the new 1099 rules.
Green Plus, Sustainability and the Triple Bottom Line, Aaron Nelson, Chapel Hill-Carrboro Chamber of Commerce, Chapel Hill, NC (C03) – 2 credits
Learn the key concepts of sustainability, the triple bottom line and how small and medium-sized entities (SME) are making and saving money by going green. Discuss national and global trends impacting U.S. enterprises around sustainability. Get an introduction to the Green Plus education and certification tool and walk through a how-to guide for SMEs interested in improving alignment and performance with green and sustainable standards and trends.
A&A
Internal Controls for Smaller Entities: Practical Case Studies in Design, Evaluation and Communications, Jennifer Louis, Business Learning Institute, Towson, MD (C01) – 2 credits
Other
Session Descriptions | Thursday, November 11 | 10:45 - 12:20 pm
Fair value accounting is reshaping traditional financial statements! Gain insights into the conceptual and practical reasons for using fair value as the required (or optional) measurement attribute for a number of new and existing accounting standards. The course covers the conceptual and practical issues which arise when fair value measurement is implemented under existing FASB standards and provides examples of these issues.
Tax
IRS Circular 230 and Disclosure of Uncertain Positions Panel, Erik Doerring, McNair Law Firm; Rick Handel, SC DOR; William Higgins, Ellis, Lawhorn & Sims, LLC; Caroline Strobel, USC; Gwen Sonier & Thomas Sheaffer, IRS(D02) – 2 credits
The heat is on tax practitioners! Regulators and lawmakers responding to irresponsible tax advice from CPAs and attorneys who were believed to be reputable have produced a steady stream of new rules and regulations regarding disclosure and responsibility for tax return information. Many practitioners think the rules of practice may adversely affect their ability to effectively represent their client and may conflict with their obligations under professional ethics rules. The new disclosure rules are controversial, and may conflict with tax professionals’ representation of their clients’ interests. Attend this session and learn how these changes impact you, and the controversy surrounding them.
Retaining Your top Talent: Maintain the Desired Return on Your Investment, Heidi Brundage, American Institute of CPAs, Durham, NC (D03) – 2 credits
Success in today’s market is dependent on our people because we rely on the talent to understand the rules, to apply the standards and employ the technology and to service clients. Organizations must preserve their best performers in order to compete because there are opportunities for CPAs now and there will be more tomorrow. This session will explain further why retention is still just as important as ever, explore best practices for building and maintaining the systems that promote retention efforts and highlight available retention resources.
A&A
Fair Value Accounting: A Critical New Skill for All CPAs, Jennifer Louis, Business Learning Institute, Towson, MD (D01) – 2 credits
Management
Session Descriptions | Thursday, November 11 | 1:20 - 3:00 pm
Mgmt.
Tax
A&A
Session Descriptions | Thursday, November 11 | 3:20 - 5:00 pm International Financial Reporting Standards, Timothy Doupnik, University of South Carolina, Columbia (E01) – 2 credits
This session provides a brief overview of the International Accounting Standards Board (IASB) and the role that International Financial Reporting Standards (IFRS) play in global accounting; describes the U.S. Securities and Exchange Commission’s (SEC) reaction to global accounting standards, including its IFRS roadmap and current work plan for the integration of IFRS into the U.S. financial reporting environment; summarizes the FASB/IASB convergence process; and describes the process entities would follow to comply with IFRS 1 First-time Adoption of IFRS if required to convert from U.S. GAAP to IFRS.
How to Deal with the IRS: Audits, Examinations, Appeals and the Aftermath, Erik Doerring, McNair Law Firm, Columbia and Thomas Sheaffer, IRS, Columbia (E02) – 2 credits
A significant percentage of taxpaying citizens have the experience of being audited (IRS uses the term “examination”) at some point during their lives, and the IRS is ramping up its audit schedule. Knowing what to expect, how to respond, and what to do if you don’t agree with the result can save time and money for you and your client! Attend this session and hear answers to some of the most common questions about how the IRS conducts audits, and what rights and obligations taxpayers have in the course of that process. Mr. Sheaffer will talk about what the IRS expects and requires. Mr. Doerring will discuss how to defend your client and deal with the IRS to achieve an optimal result for your client, and will provide an overview of criminal tax considerations in connection with an audit/exam.
Social Media and the CPA, Carlton Collins, AdvisorCPE, Norcross, GA (E03) – 2 credits
Many CPAs completely dismiss social media as just a big waste of time. I too once thought this way, but no longer. The undeniable fact is that “who you know matters – right?”. Are you well connected? Could you be better connected? Today’s social media helps you establish, cultivate, and grow the list of “people you know”. Through social media, you can connect directly, and even indirectly with others in a position to recommend you, use your products or services, and assist you in surprising ways.
A&A
Auditing Real-World Frauds, Mark Hobbs, The Hobbs Group, Columbia (J01) – 2 credits
Many auditors struggle with the linkage between internal control, audit design and fraud detection under SAS No. 99. This interactive course utilizes hands-on case studies based on the latest guidance on the new COSO model on Internal Control Framework is geared to help participants carry out their financial statement fraud responsibilities. Auditors and corporate accounting and finance professionals will find this course relevant and timely. The course includes an overview of the auditor’s responsibilities related to financial statement fraud under SAS No. 99 and clearly links these to the auditor’s risk assessment process under the Risk Assessment Standards.
Tax
Hot Topics in Estate and Gift Tax, Dave Sojourner, Ellis Lawhorne & Sims, Columbia (J02) – 2 credits
This presentation will focus on current developments in estate and gift taxation and the status of estate tax reform. In addition this session will focus on innovative ideas for sophisticated estate tax reduction techniques and asset protection planning.
Management
Session Descriptions | Friday, November 12 | 8:30 - 10:15 am
Performance, Productivity and Profit: Creating the Higher Energy Organization, Greg Conderacci, Business Learning Institute, Towson, MD (J03) – 2 credits
Time management is so 20th century. You can’t get any more hours in the day - but you can get more energy for yourself - and infuse your organization with it. These days, it’s personal energy management that makes the difference in performance, productivity and profit. Athletes, entertainers, astronauts, trial attorneys and the military train constantly to be physically and mentally ready to perform as a peak energy team over short periods of time. Yet in business, professionals attempt to perform at high levels over many weeks and months, often without much of a break. As a result, they experience performance-sapping low morale, burnout and turnover. This course will show you how to change your outlook and approach by tapping secrets and strategies from sports, science, psychology, literature and even history.
A&A
SSARS Update, Michael Glynn, American Institute of CPAs, New York, NY (K01) – 2 credits
During this session the presenter will discuss recent activity of the Accounting and Review Services Committee (ARSC) including the issuance of Statement on Standards on Accounting and Review Services No. 19, Compilation and Review Engagements with the AICPA staff liaison to the ARSC. Also included will be a discussion of other authoritative and nonauthoritative guidance available to accountants performing compilation and review engagements.
Tax
Judicial and Administrative Highlights: Focus on Accounting Practice, David Aughtry, Chamberlain, Hrdlicka, White, Williams & Martin, Atlanta, GA (K02) – 2 credits
From coping with heightened standards for preparer penalties through work-product protection of work papers to salvation in the Second Circuit’s Stein opinion, this last year impacts the life of tax accountants in a much bigger way than perhaps any prior year. With an emphasis on that area, we will cover the last year like kudzu.
Personal Devlp.
Session Descriptions | Friday, November 12 | 10:30 am - 12:05 pm
Five Smooth Stones: Facing Goliath and Winning, Greg Conderacci, Business Learning Institute, Towson, MD (K03) – 2 credits
Are you facing the challenge of a lifetime? It can be a difficult career transition, a terrific (and somewhat terrifying) business opportunity, or any major effort. Before David faced Goliath, he selected five smooth stones for his sling. This course gives you five strategies for succeeding in the face of seemingly overwhelming odds.
A&A
What’s Happening with the SC Board of Accountancy, Mark Hobbs, The Hobbs Group, Columbia (M01) – 2 credits
The session will include the hottest topics facing the SC Board of Accountancy including the following: ethical issues facing CPAs, mandatory peer review findings, disciplinary actions of licensees, current regulatory changes under consideration for amendment, impact of International Accounting and Auditing Standards, mobility – how has it impacted the State of SC, and what licensees need to know about the Board of Accountancy.
Tax
The 2010 Legislative Glacier, David Aughtry, Chamberlain, Hrdlicka, White, Williams & Martin, Atlanta, GA (M02) – 2 credits
From the Health Care Act substitution of the statutory economic substance test for the rest of the Code, through the HIRE ACT tax credits and estate tax limbo, to the Small Business variation on the Bush tax cuts, 2010 has provided layer upon layer of legislative developments you need to know.
Marketing
Session Descriptions | Friday, November 12 | 1:45 - 3:25 pm
Turning Trust into Value: Business Development Boot Camp, Greg Conderacci, Business Learning Institute, Towson, MD (M03) – 2 credits
Few professions can command the trust and respect of the CPA, and indeed the demand for CPA services has never been higher. At the same time, though, many CPA services are becoming commoditized and pressure on hourly rates is intense. It is also increasingly difficult to move choice business from competitors. Finally, firms and companies are finding the competition for talented employees can be more challenging than the competition for good clients. In short, successful firms must be able to translate trust into value to monetize and capitalize more successfully the benefits they offer.
A&A
Keep abreast of the fast-paced changes in accounting and auditing. This session will cover the most relevant pronouncements, exposure drafts and consensus reports recently issued in the accounting, auditing, compilation and review arenas.
Tax Compliance for Equity and Incentive Benefit Arrangements, Gilbert Weiner, Cherry Bekaert & Holland, Vienna, VA (N02) – 1 credit
During this session the presenter will cover the types of incentive benefits/payments such as stock and non-equity incentives (deferred compensation, different types of stock options, stock appreciation rights, employee stock purchase plans), and similar vehicles, as well as discuss in detail tax administrative, withholding and reporting requirements, and some unusual real-life issues associated with them such as death and divorce. Time permitting, the session may also address some other matters such as taxability of other types of payments such as the BP payouts for Gulf Coast business owners and employees, expense account requirements, etc.
Health Reform and Its Impact, James D’Alessio, BlueCross/BlueShield of SC, Columbia (N03) – 1 credit
Health Reform Legislation is now in place, but what does it all mean? How will it affect my company? How will my current health plan have to change? Do I have to offer my employees new coverage? Will the costs go up? Are there any changes to the spending accounts? Will access to healthcare in my plan be increased or decreased? What are the penalties for noncompliance? All of these questions and more will be covered in this session.
Management
Accounting & Auditing Update, Kyle Anderson, A&A Update Review, Inc., Anderson, SC (N01) – 1 credit
Tax
Session Descriptions | Friday, November 12 | 3:40 - 4:30 pm
Event Highlights Thursday, November 11
Friday, November 12
8:00 – 8:45 am Annual Business Meeting (A01) As a member of SCACPA attend this meeting to elect new board members, approve the 2011 SCACPA budget and hear a brief update on SCACPA’s activiites that benefit you and the CPA profession.
7:15 – 8:15 am Managing Partners Breakfast (I01) During this breakfast managing partners of mid-size to large firms have the opportunity to hear from AICPA Chair Elect, Paul Stahlin.
12:20 – 1:20 pm Summit Luncheon Roundtable Discussions Over lunch discuss with your peers the issues and concerns that keep you up at night. You may find that you are not alone in your concerns, and you may find solutions to your concerns. 5:30 – 6:30 pm Old Guard Reception (F01) By special invitation only, CPAs who have been SCACPA members for 30 years or more will renuite with their peers in an intimate setting. 5:30 – 6:30 pm Young CPAs Reception (F02) Join the Young CPAs Cabinet as they celebrate their 2010 successes! This reception is designed for CPAs 35 years old or younger. 6:30 – 7:15 pm Opening Member Reception (G01) Wind down after a full day of education by renewing acquaintances and make new ones. 7:30 – 10:00 pm Summit Dinner and Awards Ceremony (H01) Enjoy dinner with colleagues while supporting SCACPA’s awards and recognition program.
12:05 – 1:40 pm New CPA Oath Ceremony and Student Recognition Luncheon (L01) Join SCACPA as they conduct the semi-annual New CPA Oath Ceremony and recognize college students majoring in accounting from across the state who are recipients of the 2010 education fund scholarships. In addition, AICPA Chair Elect, Paul Stahlin will provide a professional issues update. 12:50 - 1:40 pm KEYNOTE SPEAKER: Perspectives on the Future of Business & the CPA Profession (L01) Paul Stahlin, Skylands Community Bank, Hackettstown, New Jersey – 1 credit, other In this special session, you will have the opportunity to hear from AICPA Chair-Elect and Regional President of Skylands Community Bank, Paul Stahlin. Mr. Stahlin will give a National Focus presentation on the “new normal” and what it means for CPA professionals, including a discussion on the national issues facing CPAs. 1:45 – 3:25 pm CPA Exam Simulation (M04) Join Becker CPA Review as they simulate the CPA Exam for accounting students and CPA candidates.
2010 CPA Summit and Annual Meeting | November 11-12, 2010 | Embassy Suites • Columbia, SC
Speaker Spotlight H. Kyle Anderson, CMA, CPA, Professor of Accounting began his career in Education and Public Accounting in 1984 after receiving his Masters of Professional Accountancy from Clemson University. Kyle has over 18 years of experience working in public accounting, specializing in taxation and consulting and is in his 20th year of teaching at the University level. Currently, Kyle is in his 14th year teaching full-time at Anderson University in the College of Business and his first year with A & A Update and Review Inc. David D. Aughtry, Esq., practice focuses on civil tax litigation. Since 1986, he has managed the Chamberlain, Hrdlicka Atlanta office. David graduated from The Citadel in 1975 with a B.A. in English, from the University of South Carolina in 1978 with a Masters in Accounting and a law degree, and from Emory University in 1982 with a Masters in Taxation (LL.M.). Upon graduation from law school, David joined the IRS Office of Chief Counsel as a Trial Attorney, where he also served as a Tax Shelter Coordinator. Heidi M. Brundage, CPA, SPHR, is a current member of the Private Companies Practice Section (PCPS) team at the AICPA. PCPS is a firm membership section of the AICPA that focuses on firm practice management and advocacy for public accounting firms. Heidi is a CPA in the states of Ohio and North Carolina and a Senior Professional in Human Resources (SPHR). She is a member of the AICPA, the Ohio Society of CPAs, the North Carolina Association of CPAs and the Society for Human Resource Management.
J. Carlton Collins, CPA, is a Certified Public Accountant with experience in technology, tax, auditing, accounting systems, financial reporting, and bond financing. He is an author, lecturer, and technology & accounting systems consultant. He has published more than two dozen books, two hundred articles, and thousands of web pages. As a public speaker, Mr. Collins has delivered more than 2,000 lectures in 44 states and 5 countries addressing more than 500,000 business professionals, including numerous keynote lectures at national and international conferences. Greg Conderacci, Senior Fellow, Business Learning Institute, Inc., has been using the magic of communication to help people lead happier, more productive and rewarding lives for three decades. His private consulting firm, Good Ground Consulting LLC, is dedicated to helping organizations and teams discover and defend their "good ground" -- the fertile market niche where their productivity peaks. He teaches marketing at the Johns Hopkins University Business School and serves on its Business Advisory Board. In the 1970s, as a reporter for The Wall Street Journal, Mr. Conderacci covered business in Detroit and also wrote economics out of Washington, D.C. James A. D’Alessio, Esq., currently Vice President of Government Affairs for BlueCross BlueShield of South Carolina and its Companion companies, James is primarily responsible for developing corporate relationships and influencing public policy at all levels of government. Prior to assuming this position, James served as Associate General Counsel, and was primarily responsible for interaction with state and local government.
Erik P. Doerring, Esq., shareholder with the McNair Law Firm focuses on business and corporate representation with an emphasis on economic development and tax. His educational background and professional experience is firmly rooted in taxation. After graduation from law school, Erik served as an attorney in the Office of Chief Counsel, Internal Revenue Service. In 1989 he was appointed Assistant United States Attorney for the Northern District of California representing the United States Department of Justice’s Tax Division in Federal and state cases. After receiving his Master of Laws degree in Taxation in 1993, Erik joined McNair Law Firm, P.A. and is currently a Shareholder and heads up the Tax Controversy Practice Team and Economic Development Practice Team for the Firm. Timothy S. Doupnik, PhD, is Professor of Accounting, Moore Faculty Fellow, and Cramer Fellow in International Accounting at the University of South Carolina's Darla Moore School of Business. His primary research interest is international accounting and he has published articles in this area in various journals including Abacus, Accounting, Organizations, and Society, International Journal of Accounting, Journal of Accounting Literature, Journal of International Accounting Research, Journal of International Accounting, Auditing, and Taxation, and Journal of International Business Studies. In an issue of the International Journal of Accounting, he was listed as the most prolific author in international accounting journals during the period 1980-1996. He received the Outstanding International Accounting Educator award from the International Accounting Section of the American Accounting Association in 2008.
2010 CPA Summit and Annual Meeting | November 11-12, 2010 | Embassy Suites • Columbia, SC
Speaker Spotlight, continued Michael P. (Mike) Glynn, CPA, is a Technical Manager in the AICPA Audit and Attest Standards Team. In this capacity, Mike serves as the staff liaison to the Accounting and Review Services Committee (ARSC). In addition, Mike supports the activities of Auditing Standards Board (ASB) and its subcommittees by assisting members in drafting and deliberating authoritative professional standards and interpretations. Prior to joining the AICPA in April 1998, Mike worked at Ernst & Young LLP in New York. Mike primarily served not-for-profit clients in E&Y’s auditing practice.
Mark T. Hobbs, CPA, CFF, is the Managing Shareholder of The Hobbs Group, PA. The Hobbs Group, PA provides auditing, accounting, tax and consulting services to a diverse client base in SC. During his thirty plus years in public accounting Mark has acquired extensive experience with privately owned, closely held businesses, financial institutions, governmental entities, real estate management, nonprofit organizations, and litigation support consultation. Mark is past President of the SC Association of CPAs and currently serves on the SC Board of Accountancy.
Rick Handel, Esq., is a Senior Administrator and the General Counsel for Policy of the South Carolina Department of Revenue. Formerly, he was a partner in the law firms of Nexsen Pruet Jacobs & Pollard and Moore & Van Allen. While in private practice he was included in The Best Lawyers in America. Before that he received the Outstanding Professor Award as a tax professor at the University of South Carolina’s School of Law. The South Carolina Supreme Court has designated him a “Certified Specialist – Taxation Law.” At the request of the United States he has discussed tax theory and practice here with government officials from Russia and Moldova and visited Moldova to continue and expand those discussions. Rick is the founder of the South Carolina State and Local Tax Study Group, a former vice chair of the American Bar Association’s State and Local Tax Committee, and a member of its Standards of Tax Practice Committee.
Frances W. Kleckley, Systemic Advocacy Systems Director with the Internal Revenue Service graduated from Francis Marion University with a Bachelor of Science degree in Business Administration in 1981 and has since completed work toward a MBA. She began her IRS career in 1982 as a Revenue Officer in Columbia, S.C and subsequently held various management and technical positions in the Collection Division along with a variety of National Office assignments. Jennifer F. Louis, CPA, has more than 18 years of experience in designing and instructing high-quality training programs. In 2003 she formed Emergent Solutions Group, LLC, serving organizations by providing training services on a project-specific or part-time basis. Most recently, Ms. Louis was executive vice president / director of training services at AuditWatch, Inc., a premier training and consulting firm serving the audit profession. She began her career at AuditWatch as vice president of product development. Before joining AuditWatch, Ms. Louis was the financial / operational audit manager at AARP.
William (Bill) O. Higgins, Esq., is a member of the Business, Real Estate and Finance Practice Group. In addition to his Juris Doctor, Bill earned an LLM degree in Taxation from New York University School of Law, receiving a comprehensive foundation in tax law including real estate, partnerships, and income tax. Over the past ten years, he has been lead developer counsel for the acquisition, financing, development, or rehabilitation of dozens of projects in the multi-family, assisted living, convenience store and retail areas. He is actively engaged in the tax-deferred real estate exchange area, serving as taxpayers’ counsel, qualified intermediary, and exchange accommodation titleholder for reverse exchanges. He is a frequent lecturer on legal ethics and lawyer misconduct, Section 1031 tax-deferred exchanges of real estate, and other real estate, tax, and business matters. Aaron Nelson, IOM, is the President and CEO of the Chapel Hill-Carrboro (NC) Chamber of Commerce and has served as the Executive Director of its economic and community development partner, the Foundation for a Sustainable Community since its creation in 2004. As the co-founder and Senior Fellow at the national Institute for Sustainable Development and a Ford Foundation Fellow for Regionalism and Sustainable Development, Aaron consults and speaks nationally and internationally on the business leadership role in building sustainable businesses, organizations and communities.
2010 CPA Summit and Annual Meeting | November 11-12, 2010 | Embassy Suites • Columbia, SC
Tim Quinlan is an economist for Wells Fargo. Based in Charlotte, N.C., he provides analysis and commentary on U.S. business spending as well as macroeconomic developments in foreign economies. Prior to joining the economics group in 2007, Tim held positions within Wachovia as a financial advisor and within Evergreen Investments as a trust account portfolio manager and investment strategist. Prior to joining Wachovia in 2002, he spent several years working for Putnam Investments in Boston. Thomas (Tom) Sheaffer is a Stakeholder Liaison (Industry) with the Small Business/Self Employed division of the Internal Revenue Service. He has been with the IRS for 9 years as a Senior Tax Specialist and he is the Small Business Liaison for the IRS in South Carolina. As a Senior Stakeholder Liaison, he is responsible for tax law education and outreach to Tax Professionals, small business owners and industry organizations/associations. He is also a certified Tax Law instructor with the IRS, teaching both 1040 tax law and international tax law issues to the tax professional community. David C. Sojourner, Jr., is an attorney with the firm of Ellis, Lawhorne & Sims, P.A. in Columbia, SC. He received his B.S. degree in Economics from Clemson University in 1983; his J.D. degree from the University of South Carolina School of Law in 1986; and his LL.M. degree in Taxation from New York University in 1987. He was admitted to the South Carolina Bar in 1986. Mr. Sojourner is a Certified Taxation Specialist and a Certified Estate Planning and Probate Specialist and a Fellow in the American College of Trust and Estate Council. Mr. Sojourner is listed in the Best Lawyers in America.
Gwen Sonier, has been with the Internal Revenue Service for over 30 years. Originally from New York, Gwen graduated from Cornell University and began her career with the IRS as a Customer Service representative. She continued her education by attending evening law school for several years. Gwen later held positions as a Tax Compliance Officer, Supervisory Tax Technician, Lead Analyst (National Office), Quality Review manager, and Problems Resolution Coordinator- Exam, before her selection as a Taxpayer Advocate Group Manager (TAGM) in TAS in 1999. Gwen has been a member of the Area Review Panel, EEO and Diversity Group and is a participant in the Senior Management Readiness Program (SMRP). Paul V. Stahlin, CPA, is Vice Chairman of the American Institute of Certified Public Accountants for 2009-10 and will serve as Chairman in 2010-11. He has served the AICPA in many capacities. Stahlin was a member of the Board of Directors and the governing Council for eight years. From 2001-2004, he served on the special task force on Services to Members in Industry, which made recommendations for improving AICPA’s service to members in business and industry. He chaired the Audit Committee from 2007-2008 and has served on the Strategic Planning, Compensation and Finance Committees. Stahlin is regional president of Skylands Community Bank in Somerville, N.J. He has an extensive career in banking, having served as executive vice president and chief financial officer of Fleet Credit Card Services and corporate controller of Summit Bancorp. He began his career in public accounting, including six years with Price Waterhouse & Co., a predecessor firm of PricewaterhouseCoopers. He was President of the New Jersey Society of CPAs from 1999-2000. He is current chair of the audit committee of the Somerset Medical Center Board of Trustees.
Holley Hewitt Ulbrich, PhD, is Alumni Professor of Economics Emerita at Clemson University and a senior fellow at both the Strom Thurmond Institute. She served on the Clemson faculty from 1967 to 1997 and continues to teach in the doctoral program in Policy Studies at Clemson in retirement. The author of nine books and well-known as a consultant to state and local government agencies, including the General Assembly, she has had a considerable amount of experience in taxation at the local, state, national, and even international level, having taught short courses in taxation and public finance at the World Bank for five years. Dr. Ulbrich worked as a policy analyst for federal government during a sabbatical in 1984-85. She has written extensively on the property tax, the sales tax, and budgetary issues, including fiscal sustainability. Gilbert J. Weiner, Esq., is the Managing Director of Cherry, Bekaert & Holland’s Compensation and Benefits Solutions Practice in Vienna, Virginia. As an attorney with extensive benefits and compensation experience, Gil focuses his practice on meeting the human capital and benefits needs of the Firm’s diverse client base. Based out of the Washington office, he assists employers throughout the Southeast in optimizing their employee, executive and director compensation and benefit arrangements to achieve tax efficiencies; ensure competitive practices; mitigate business, fiscal and tax risk; and improve their potential post-transaction market positions.
2010 CPA Summit and Annual Meeting | November 11-12, 2010 | Embassy Suites • Columbia, SC
About This Event THINGS YOU NEED TO KNOW
LOCATION INFORMATION
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Program Details: Log onto www.scacpa.org for complete program details including session descriptions, speaker biographies, and secure online registration.
Facility: Embassy Suites Hotel & Conference Center 200 Stoneridge Drive, Columbia, SC 29210 | (803) 252-8700
Online
www.scacpa.org
SCACPA, 570 Chris Drive, West Columbia, SC 29169
Fax
(803) 791-4196 (credit card and choice card payments only)
Confirmation: A confirmation will be sent via e-mail or mail when your registration is processed. In the event your confirmation is not received, please contact our CPE Team at (888) 557-4814, ext. 110 or 112 or cpe@scacpa.org. Registration Modifications: Transfers made one week before event date will incur a $25 administrative fee. Cancellations received less than one week before the event forfeit the materials and entire registration fee. Substitutions are accepted up to the day of the event and are subject to fee adjustments based on membership status of substitute. No shows forfeit the materials and entire registration fee. Special Requests: Please contact us as soon as possible with special need requests, CPE Team at (888) 557-4814, ext. 110 or 112 or cpe@scacpa.org. Questions, Modifications, or Requests: SCACPA CPE Team members are available Monday-Friday, 8:00 am – 5:00 pm at (888) 557-4814, ext. 110 and 112, or cpe@scacpa.org. Messages may be left 24 hours a day.
Room Rate: $119, room block expires 10/21/10 Parking: Complimentary self parking Directions: Please log onto our website, www.scacpa.org for directions. Hotel Reservations Online: http://embassysuites.hilton.com/ en/es/groups/personalized/CAEGSES-AMA-20101110/index. jhtml?WT.mc_id=POG.
CONTINUING EDUCATION CPE Credits: 16 hours CFP Credits: 14
CLE Credits: 12.5
Fields of Study: A&A 13; Business Management 3; Marketing 2; Other 7; Personal Development 2; Practice Management 4; Specialized Skills & Knowledge 2; Tax 13 Method: Lecture
Level: All
Note: Professional education credits are allocated based on sessions attended.
2010 CPA Summit and Annual Meeting | November 11-12, 2010 | Embassy Suites • Columbia, SC
Registration
2010 CPA Summit & Annual Meeting/In Conjunction With Tax Conference COURSE CODE: 411010
EVENT REGISTRATIONS: (Please select all that apply.
CONCURRENT SESSION SELECTIONS: (Please select one session per time slot)
Additional payment noted if required)
Thursday, November 11 8:45 – 10:30 am (2 credit hours) r Effective and Efficient Risk-Based Financial Statement Audits in Compliance with Yellow Book (B01) A&A r Economic Outlook (B02) Other r Technology Update (B03) Specialized Skills & Knowledge
Friday, November 12 8:30 – 10:15 am (2 credit hours) r Auditing Real-World Frauds (J01) A&A r Hot Topics in Estate and Gift Tax (J02) Tax r Performance, Productivity and profit: Creating the Higher Energy Organization(J03) Business Management
10:45 am – 12:20 pm (2 credit hours) r Internal Controls for Smaller Entities: Practical Case Studies (C01) A&A r How to Deal with the IRS: Taxpayer Advocacy (C02) Tax r Green Plus, Sustainability & the Triple Bottom Line (C03) Other
10:30 am – 12:05 pm (2 credit hours) r SSARS Update (K01) A&A r Judicial and Administrative Highlights: Focus on Accounting Practice (K02) Tax r Five Smooth Stones: Facing Goliath and Winning (K03) Personal Development
1:20 – 3:00 pm (2 credit hours) r Fair Value Accounting: A Critical New Skill for All CPAs (D01) A&A r IRS Circular 230 & Disclosure of Uncertain Positions (D02) Tax r Retaining Your Top Talent: Maintain the Desired Result (D03) Practice Management
1:45 – 3:25 pm (2 credit hours) r Board of Accountancy Update (M01) Other r The 2010 Legislative Glacier,(M02) Tax r Turning Trust into Value: Business Development Boot Camp (M03) Marketing r CPA Exam Simulation (M04) – No credits
3:20 – 5:00 pm (2 credit hours) r International Financial Reporting Standards (E01) A&A r How to Deal with the IRS: Audits, Examinations, Appeals and the Aftermath (E02) Tax r Social Media and the CPA (E03) Practice Management
3:40 – 4:30 pm (1 credit hour) r Accounting & Auditing Update (N01) A&A r Tax Compliance for Equity and Incentive Benefit Arrangements (N02) Tax r Health Reform and Its Impact (N03) Business Management
Thursday, November 11 r Annual Business Meeting (SCACPA members only) FREE (A01) r Old Guard Reception (by special invitation only) FREE (F01) r YCPAs Reception (35 years old or younger) FREE (F02) r Opening Member Reception - FREE Summit participants and dinner guests ALL OTHERS $20 per person (G01) r Summit Dinner and Awards Ceremony $60 per person or $440 per table of 8 (H01) Friday, November 12 r Managing Partners Breakfast - partners of medium to large firms (I01) r New CPA Oath Ceremony and Student Recognition Luncheon FREE to Summit participants; New CPAs and Scholarship Recipients and one guest, All Others $27 per person (L01)
PARTICIPANT LIST
A Participant list will be provided to registrants attending the event upon request. Please check the following box to opt out of the listing. o Registration continued on next page.
REGISTRANT INFORMATION Name (Please Print) SCACPA Member # or other state CPA Society #
REGISTRATION CATEGORY:
Firm/Organization Daytime Phone
EVENT REGISTRATION FEES:
Mobile Phone o Primary Phone
oSecondary Phone
Home Phone oPrimary Phone
oSecondary Phone
Address City/State/ZIP Email
CONFERENCE MATERIALS: o GO GREEN AND SAVE GREEN Please deduct $25 from your registration fee, and provide your e-mail address above. Materials will be provided approximately one week before the event. (Email required, see above)
_______+ _______ - _______ = ________ Summit
SUMMIT REGISTRATION FEES: r Early Bird $280 (expires 10/21/10) r Choice Card $400
Fax
GRAND TOTAL FEES:
r SCACPA Member r Non-Member r Other State CPA Society Member
rRegular $305 r Non-member $405
r Member Reception (non Summit attendee and guests): $20 # guest(s) __________ x $20 = ________________ r Summit Dinner (per person): $60 # guest(s)__________ x $60 = ________________ r Summit Dinner Table of 8: $440 # table(s) __________ x $440 = _______________ r Oath Ceremony/Student Recognition Luncheon: $27 # guest(s) __________ x $27 = ________________ Guest Name(s):
Events E-materials Total
PAYMENT INFORMATION: Total Fees: $_____________ Please indicate method of payment q Check: I have enclosed a check payable to SCACPA q Visa q MasterCard q American Express Discover q Choice Card (CC) CC Coupon Number
CC Coupon Number
CC Coupon Number
CC Coupon Number
Credit Card # Exp. Date CCV (3-4 Digits) q Firm Card q Personal Card Name on Credit Card/Choice Card Signature
QUESTIONS:
Date
Contact our CPE team, (803) 791-4181 ext. 110 or 112, or e-mail cpe@scacpa.org
Sponsors & Exhibitors GOLD SPONSORS BB&T Insurance Services www.cpai.com
CAMICO Mutual Insurance Company www.camico.com Southeastern Insurance Consultants, LLC http://siconsultants.com/
SILVER SPONSORS American Pensions www.ampen.com/
BB&T Banking Services www.bbt.com
EXHIBITORS 1st Global, Inc. www.1stglobal.com
LYC Mortgage, LLC www.lyccpa.com Thomson Reuters www.thomsonreuters.com
SOUTH CAROLINA ASSOCIATION OF CPAs
570 Chris Drive • West Columbia, SC 29169 (888) 557-4814, Toll free in SC • (803) 791-4181 www.SCACPA.org
SCACPA MEMBERS REGISTER BY OCTOBER 21 TO SAVE $125! w w w.sc acpa.o rg / S u m m i t 2 0 1 0
PRSRT STD US POSTAGE PAID PERMIT NO. 1146 Columbia, SC