A CPD publication by the Wisconsin Institute of CPAs for accounting and business professionals
2019 Edition
Develop your skills. Update your knowledge base. Advance your career.
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Ethics
Fraud
Leadership
Professional Development
Technology
Accounting & Audit
Tax
Practice Management
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CONTENTS
6 Features
14 CPD & Special Events
4 Professional Development What is Your Career Professional Development Plan?
CPD CALENDAR 39
6 Ethics Breaking Up Is Hard to Do
REGISTRATION 43
By Tammy J. Hofstede, Wisconsin Institute of CPAs
By Sally Piefer, JD, Lindner & Marsack S.C.
10 Fraud 6 Common Internet Fraud Schemes By Jeff Olejnik, Wipfli LLP
14 Leadership Become a More Inclusive Leader
By Deborah Biddle, MBA, MBTI, The People Company LLC
18 Professional Development Accountability: The Secret to Meeting Your Goals By Bruce Bautch, CPA, FocalPoint Consulting
22 Technology Securing Blockchain
By Adam Perella, CISSP, GCFA, QSA, PA-QSA, P2PE (QSA, PA-QSA), 3DS, Sikich LLP
ONLINE CPD 44
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CONFERENCES 47 SPECIAL EVENTS 49 BREAKFAST PROGRAMS 50 SEMINARS 59
26 Accounting & Auditing The Future of the Audit
CPD REQUIREMENTS 76
30 Tax The Impact of TCJA
REGISTRATION FAQs 79
By Joe Haas, CPA, Hawkins Ash CPAs
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By Kenesha Coleman, CPA, EA, ColemanTax
34 Practice Management Preventing Technology Disruption By Randy Johnston, MCS, K2 Enterprises LLP Network Management Group Inc.
2019 EDITION | wicpa.org A publication of the Wisconsin Institute of CPAs
INSIDE STAFF
The CPD publication for accounting and business professionals The Bottom Line is published annually by the Wisconsin Institute of Certified Public Accountants (WICPA). Change of address should be sent to: WICPA Membership, W233N2080 Ridgeview Parkway, Suite 201, Waukesha, WI 53188; Phone: 262-785-0445 or 800-772-6939; Fax: 262-785-0838; email: jessica@wicpa.org. Statements and opinions expressed are those of the authors and not necessarily those of the WICPA. Publication of an advertisement does not constitute an endorsement of the product or service by The Bottom Line or the WICPA. Articles may be reproduced with permission. Š Copyright 2019 The Bottom Line.
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What is Your Career Professional Development Plan? By Tammy J. Hofstede
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rofessional development is no longer limited to sitting in a classroom or in front of a computer taking classes to learn the latest tax laws, technology innovations and industry updates. It now includes communication, understanding different personality types, building relationships, networking and volunteering. As you prepare your professional development plan, consider the skills and abilities you want to grow and the difference it can make for your career. Whether you are in an entry-level position or a corner office, you will benefit from continuing professional development. The path will look different for each person depending on their company and the interests and experiences they wish to explore.
will be livestreamed on the day of the conference you’re interested in. On-demand recordings will continue to be available a few weeks after each conference.
The WICPA has numerous in-person and online programs where you can gain more technical training as well as updates and information on human resources, technology, the economy, leadership, retaining employees and the latest ways to manage a changing workplace.
Building your professional network
We know your time is valuable. To help you maximize your time, our conferences will now be livestreamed. All general sessions and the most popular breakout sessions
“It’s not always what you know, but who you know” —you’ve heard that phrase before. If you want to be successful, then you must have relevant connections in your network. Networking provides an immediate source of connections and opens the door to connect with highly influential people you otherwise would not have met or been able to easily have a conversation with. And it’s really more than just who you are directly networking with, as that person will have their own network you can utilize as well.
Networking is a great way to develop skills, and it can lead to new opportunities. Members have said one of their primary reasons for joining the WICPA was to meet other CPAs and build a professional network.
Having like-minded connections also gives you the opportunity to get advice on topics related to business, career opportunities and even your personal life. Networking also can give you some of that important work-life balance you desire. 4 The Bottom Line | 2 0 1 9 E d i t i o n
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You’ll find that networking is fun, exciting and a rewarding approach to advancement. WICPA programs and events offer the perfect opportunity to develop your networking skills. Some of the most rewarding opportunities to meet other members occur at social events that carve out time dedicated to networking in a fun and relaxing setting. Several networking events have been scheduled across the state. Check them out at wicpa.org/NetworkingNights. There is one caveat: Building a network requires action and participation. In other words, you need to get involved. The WICPA offers numerous ways to do that. Whether it’s participating in our online community, attending an event or volunteering to be part of a group, you have more options for getting involved and building your network because of your WICPA membership.
Benefits of volunteering Another opportunity to raise your credibility while also expanding your professional network is by volunteering with the WICPA. Consider serving on a WICPA committee in a topic area that appeals to you, such as state or federal tax, public policy, ethics, accounting careers, young professionals or one of seven conference-planning committees. We also welcome wicpa.org
volunteers to write for our publications and to speak to students from grade school to college about accounting and financial literacy. There is an opportunity for any skill set and comfort level. Whether you’ve been a member for 2 years or 20, you’ll have as much to offer as you have to gain by attending a WICPA event, participating in our online community, joining a committee or volunteering to expand your professional network. Contact me to learn more! Tammy J. Hofstede is president & CEO of the WICPA. Contact her at 262-785-0445 ext. 4518 or tammy@wicpa.org.
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Ethics l Trusted Advisors
Breaking UP Is Hard to Do The right and wrong way to change jobs
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he U.S. Bureau of Labor Statistics estimated that in 2018 approximately 40 million employees would voluntarily leave their jobs. A 2018 report from Mercer estimated that Millennials accounted for 51% of all voluntary quits, and those who fall into Generation X accounted for 25% of all voluntary quits.
By Sally Piefer, JD
may ask you to leave early to protect client relationships, but be prepared to stay the entire notice period. If you’re asked to leave early, contact your new employer – they are likely going to be happy you’re available early.
It’s interesting how many issues employers sometimes have with departing employees. Every year it seems we handle more and more matters in which clients have problems with departing employees. We’re often astonished at what employees think they’re able to get away with and how remorseful (or not) they are once the case resolves. How you make your exit can have a huge impact on your personal and professional reputation. You need to get it right, and here are a few points to keep in mind:
Be diplomatic in telling your supervisor why you’re leaving. Be honest if your supervisor asks where you’re going and why you’ve decided to leave, but consider the most diplomatic way to provide this information. Often the best course of action is to explain you’re leaving because of career aspirations, more work-life balance, and so forth. Thank your current employer for the opportunities you were provided, and wish them well. Do not use this time as an opportunity to air all your grievances with the company, and don’t use social media after your departure to bad-mouth the company.
Do not burn bridges. The way in which you depart can have a huge impact on your professional reputation. Give your company appropriate advance notice (two weeks is generally acceptable, but check your company’s employee handbook), and be prepared to work the entire notice period. Determine whether you are necessary to tie up loose ends on projects or whether you need to stick around to complete major projects. Some employers
Abide by your restrictive covenant agreements. You may have signed a noncompetition or nonsolicitation of clients agreement and/or a confidentiality agreement at some point during your employment. If you did, ask for a copy. Read the restrictions carefully, and understand how the restrictions may impact you in your new job. Understand that if you breach restrictions that are reasonable and enforceable, you and your new
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employer are likely to be sued for breach of contract and potentially for tortious interference with contract. Oftentimes, your former employer will file a motion for a temporary restraining order (TRO) and/ or preliminary injunction (PI) as a way to stop any continued behavior in violation of the restrictive covenants and to stave off additional harm in the form of lost clients and lost revenue. When used, a TRO and/ or PI tend to escalate legal fees quickly. If you’ve successfully transitioned clients to your new employer despite the existence of an enforceable noncompete or nonsolicitation provision, you also expose yourself to damages in the form of lost profits and potentially punitive damages. In addition, restrictive covenant agreements often contain feeshifting provisions, meaning you may be responsible not only for your own legal fees but also for the legal fees incurred by your former employer. Do not take property belonging to your organization. This includes not only paper documents, but also electronic files. In the same vein, do not email firm documents to your personal email address (or to a new employer), and do not attach external devices—such as USBs or external hard drives—to your companyprovided laptop or computer. Many employees really don’t think twice about taking property belonging to the company. Some
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departing employees take information with the belief that it was “their” property; others may be angry and take company property with malicious intent; still others want to gain an advantage with their next employer. Bottom line: Even though the courts in Wisconsin at present do not consider taking electronic records to be theft (because they aren’t considered movable property), taking any property belonging to your company is a form of theft. Taking paper or electronic records belonging to your organization can expose you (and, again, your new employer) to a variety of claims, including breach of contract if you signed a restrictive covenant agreement, breach of the duty of loyalty (defined later), misappropriation of trade secrets and a violation of the federal Computer Fraud and Abuse Act (CFAA). The CFAA provides both criminal and civil penalties against employees who exceed their authorization in accessing their employers’ electronic computer systems and take electronic files and documents. Do not delete information from your companyprovided computer, cell phone or other companyprovided electronic devices. Deleting information from your company-provided electronic devices is a surefire way to raise suspicions about your behavior. And despite efforts to eliminate any trace of nefarious behavior, forensic computer specialists are generally able to recover deleted files and information and can ascertain whether you’ve used USB devices to transfer company information.
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Do not solicit clients for your new employer while still employed. In Wisconsin, a common law concept called the duty of loyalty requires that you remain loyal to your existing employer until your last day of employment. Be careful in talking to clients about your new job opportunity before you’ve left your current employer: What you say can be considered solicitation. Don’t gossip. It’s always tempting to dramatize the shortcomings of your prior employer with your new co-workers. Resist the urge to do so—whether in person or on social media. Leaving your job on good terms requires you to quell the emotional side and move forward with poise. Doing so will not only boost your morale, it will aid in a smooth transition and help your professional career in the long run.
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Sally Piefer, JD, is a shareholder at Lindner & Marsack S.C., a Milwaukee law firm specializing in employment and labor law, and is a frequent presenter for WICPA on employment matters. Contact her at 414-226-4818 or spiefer@lindner-marsack.com.
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Terri S. Boxer, J.D.
Robert E. Dallman, J.D., LL.M.
Thomas P. Guszkowski, J.D., LL.M.
Katie Hanley, J.D.
Megan K. Heinzelman, J.D., LL.M.
Jeffrey L. Hesson, J.D., CPA
Courtney A. Hollander, J.D.
Megan L.W. Jerabek, J.D.
Thomas J. Kammerait, J.D., CPA
Benjamin D. LaFrombois, J.D.
Marcus S. Loden, J.D., LL.M.
Thomas A. Myers, J.D.
Randy S. Nelson, J.D., CPA
Timothy A. Nettesheim, J.D., LL.M.
Katelyn A. Pellitteri, J.D.
Thomas J. Phillips, J.D., LL.M.
Gerald H. Rammer, J.D.
David J. Roettgers, J.D., CPA
John A. Sikora, J.D.
Steven M. Szymanski, J.D., MBA
Robert B. Teuber, J.D.
Peter J. Walsh, J.D., LL.M.
Daniel S. Welytok, J.D., LL.M.
Peter J. White, J.D., CPA
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vonbriesen.com/tax
Robert A. Mathers, J.D., CPA, Section Chair
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Fraud l Cybersecurity
6 Common Internet Fraud Schemes
and how NOT to become a victim
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nline fraud schemes have come a long way since the days of Nigerian royalty offering mass sums of money for assistance with facilitating an online transfer. The schemes are now more sophisticated, but the intent is the By Jeff Olejnik same—to take your money. There are hundreds of scams going on at any given time. Here are six of the most common today:
Wire transfer request
Vendor payment change request
W-2 scam
The accounts payable department receives an email or letter from a vendor providing new ACH payment instructions. Your company doesn’t find out it has been duped until your vendor starts making collection calls and informs you they were not the one that sent the payment change request.
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The CEO is out of town. The CFO receives an email that appears to be from the CEO, requesting they send a wire transfer to a new vendor. The message provides the payment instructions and emphasizes that the payment must be made immediately. Because the CEO is out of town, they cannot take a call. The payment is made, and the fraud isn’t discovered until the CEO reviews the banking statement and asks about the large transfer. The payroll department receives an email from an executive asking for the W-2 report for all employees. The report goes out to the fraudster impersonating the executive. The scam isn’t discovered until weeks or months later, when employees find out that fraudulent tax returns have been filed on their behalf.
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Ransomware HR receives an email from a job seeker responding to a position posted online. The email has an attachment. Once the attachment is opened, a message is displayed that all of the files on the computer have been encrypted—and that if the company wants to receive the decryption key, it must pay thousands of dollars in cryptocurrency.
Gift card scam The administrative assistant receives an email from their boss requesting they buy iTunes gift cards for top
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customers. The assistant is asked to buy several cards at retail stores, scratch off the card codes and email them to their boss. The fraud isn’t discovered until the assistant submits an expense report.
“I know what you have been doing online” You receive an email claiming your login credentials have been compromised and that the fraudster has evidence of your questionable online behavior. To add legitimacy, the fraudster provides a recognized password that you use and requests an extortion payment for keeping silent.
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are commonly posted on the dark web. Using the same login and password for accessing the company network as you did with a company that experienced a data breach (e.g., Yahoo or LinkedIn) makes you an easy target for hackers. You can check to see if you have an account that has been compromised in a disclosed data breach at https://haveibeenpwned.com/.
How to Avoid or Limit the Damage
As you can see, the most common fraud techniques are varied, but there are steps you can take to limit the damage done by scams or avoid them altogether. These are my top seven tips: 1. Verify any request for payment or sensitive information using an “out-of-band” method. Don’t respond to the email. Call, text or walk down the hall to verify the request. 2. Provide security training to all employees. Educate them on cybersecurity risks, ways to protect themselves and the company’s data (including how to spot fake emails), and what to do when they believe an error may have been made. Speed of response is critical to limiting the damage. Employees should be encouraged to alert the incident response team as soon as possible rather than trying to mask or avoid disclosing a mistake. 3. Test data backup and recovery. The average ransomware extortion is nearly $13,000 and results in 7.3 days of downtime, costing another $64,000 on average.1 Make sure your backup and recovery procedures work so that ransomware doesn’t bring your company to its knees. 4. Check to see if your authentication credentials were part of a data breach. Harvested login and password information from data breaches
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5. Use multifactor authentication and/or unique, complex passwords. Multifactor authentication (MFA) is a combination of two of the following factors: 1) something that you know (e.g., password or PIN), 2) something you have (e.g., mobile device or security token) and 3) something that you are (e.g., biometric verification). Requiring multiple credentials significantly raises the bar and makes it difficult for hackers to log in to your accounts or networks. If MFA is not available, use long, strong and unique passwords for various sites. Using a reputable password manager can make this an easier task. 6. Develop and test an incident response plan. If you fail to plan, you plan to fail. The actions a company takes within the initial hours of a cyberincident will either decrease or compound the impact. Your plan should include some resources that you don’t deal with daily, namely legal counsel, digital forensics, insurance and public relations. Develop these relationships in advance, and document and exercise response procedures to improve resilience. 7. Review your insurance. The consequences associated with a data breach, fraudulent online transfer or ransomware could be devastating to most companies. Have a conversation with your insurance agent to understand your current coverage and potential gaps.
The Weakest Link
Today’s criminals don’t need sophisticated technology to steal your data. Instead, they gain access via the weakest link in your security chain: your too-trusting employees. It takes only one employee, one misstep or one incident to launch a full-blown
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Today’s criminals don’t need sophisticated technology to steal your data. Instead, they gain access via the weakest link in your security chain: your too-trusting employees. cybersecurity emergency for your organization. The key idea to keep in mind when it comes to cybersecurity is “trust but verify.� You may think your network is secure, but how do you know for sure unless you test your security measures and arm your employees with the knowledge they need to help protect your organization?
incidents. When it comes to your security, you should leave no stone unturned because when it comes down to it, your company’s reputation, wallet and relationships are at stake.
Online fraud schemes continue to evolve. Stay vigilant by monitoring threat intelligence and by continuing to evolve your company’s resilience and ability to prevent, detect and respond to cybersecurity
Jeff Olejnik is a partner with Wipfli, a national accounting and consulting firm, where he leads the cybersecurity practice. For more than 20 years, Jeff has helped clients manage risk through effective information security, business continuity planning and program management. Contact him at jolejnik@wipfli.com.
1 Sjouwerman, Stu, “The Cost of Paying in a Ransomware Attack Nearly Doubles While Downtime Also Increases,� KnowBe4, April 2019, https://blog.knowbe4.com/the-cost-of-paying-ina-ransomware-attack-nearly-doubles-while-downtime-also-increases, accessed April 2019.
Wednesday, October 23, 2019
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Leadership l Diversity & Inclusion
BECOMING A MORE
INCLUSIVE LEADER
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How does your organization support diversity and inclusion?
R
ecently, I trained for a group of leaders on the topic of unconscious bias and inclusive leadership. As we were discussing the impact of exclusion in work environments—particularly the impact of microaggressions—a By Deborah leader commented, “Sometimes Biddle, MBA, I don’t have the time to worry MBTI about how I say something to a team member. Sometimes they are wrong and their ideas aren’t very good. Sometimes people are too sensitive. Where does it end? I worry that everything I say can be construed as offensive or microaggressive. How far is too far with all of this sensitivity and inclusion stuff?” This leader expressed a deep concern and perhaps even a bit of fear about the very real shifts in expectations in today’s workplace, requiring leaders to adapt their behavior in ways that may not be their natural inclination or in their comfort zone. What was acceptable behavior even five years ago in many work environments is no longer acceptable. Driven by influences such as our political climate of lambasting and degradation, societal incivility and celebrated bad behavior in media, some of our workplaces have spiraled into environments of questionable, rude and sometimes hostile behavior, leaving team members feeling devalued, disrespected, alienated, abused, isolated and disengaged. All it takes are a few “bad apples” to spoil an otherwise winning work environment, especially among those in positions of influence or leadership. As leaders, we often say we support diversity and inclusion within our organizations. We create core
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Leaders must be at the forefront of driving inclusion. This means inspiring others to collaborate and work together, ensuring everyone is heard and ideas are shared. The Bottom Line | 2 0 1 9 E d i t i o n
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values espousing these beliefs. So it is our job to be sure that our actions and our words are in line with these stated values. We’ve got to stop disseminating lofty ideals to our teams without fully understanding and doing what is required of us as leaders. It is our job to model the values of our organizations in ways that encourage the behavior we have outlined in our vision and mission statements and core values. The statements are meant to inspire and be walked out in our workplaces. Leaders must be at the forefront of driving inclusion. This means inspiring others to collaborate and work together, ensuring everyone is heard and ideas are shared. As an inclusive leader, what are you doing to ensure everyone is heard? How are you making sure everyone in your organization has the opportunity to succeed? What are you working on in yourself to facilitate greater patience and empathy toward those who are different from you? How are you getting the work done while honoring the distinctions and particularities of the people with whom you work? If you’re on the inclusive leadership journey, choose one of the strategies below and put yourself on an
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inclusion improvement plan until you’ve mastered all of them in yourself and on your team.
Stay thirsty By this, I mean stay focused and committed to diversity and inclusion because they align with your personal and organizational values and because you believe in the business case.
Be gutsy Somebody has to take a stand, speak up and challenge the status quo. If you’re in a leadership position, that somebody is you. Do it with sincerity and humility about your own strengths, weaknesses and struggles in this area, knowing that others are struggling, too.
Stay woke (aka aware) Know your personal and organizational blind spots. Assess and reassess yourself and your team to help ensure your culture is inclusive and equitable.
Inquire Be open-minded and curious about how others view and experience the world, and be comfortable in ambiguity. Be able to relinquish control in order
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to make room for new and emerging connections to develop into a clear direction. Accept that there may be numerous ways of answering the same question, each with different but potentially positive results.
Culture up
Always be learning, reading, exploring and engaging in experiences of culture that are beyond your own background and comfort zone. Engage in active inquiry and observation, being mindful that your assumptions or interpretation of a given culture might not be accurate or applicable in a given context.
Collaborate
Empower individuals and leverage the thinking of diverse groups. Trust the people on your team. Know that people want a workplace and team environment fit for the human spirit, where they feel psychologically safe, free from fear and honored. That leader in my training was genuinely frustrated by what being more inclusive would mean for his
Everything you care about is in this house. Things your family just can’ t afford to lose.
behavior and leadership style. I empathize with him. I, too, struggle to change, especially when I do not clearly see the need or the value. That’s when I have to ask myself, “Am I only looking out for my own preferences, or am I looking out for the best interests of the team or organization? Am I fully doing the work I am asked and paid to do?” Of course we make the widgets and provide the services. But we do much more than that. As leaders—inclusive leaders—our marching orders are also to engage with and build up the people around us in ways that create belonging, value, respect, supportive energy and commitment from others so that every team member can do their best work.
Deborah Biddle, MBA, MBTI, is founder and chief consultant at The People Company LLC. Contact her at debbiddle@ppl-co.com. This article was first published on the author’s blog (Mosaic Marketplace) on IBMadison.com.
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Professional Development l Accountability
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ACCOUNTABILITY: THE SECRET TO MEETING YOUR GOALS
A
By Bruce Bautch, CPA
Google search on “goal setting” reveals more than 201 million results. A LinkedIn search for “coach” results in 5.5 million names, including life coaches, business coaches, executive coaches, leadership coaches and agile coaches. An Amazon search on “goal-setting books” provides a list of more than 6,000 books.
Given all these resources available today on goal setting and coaching, why are people still not meeting their goals? There are a couple reasons. First, people tend to reflect upon goals they have not met in the past, and they have that history tugging their psyche down. Right out of the gate, they are not confident they can hit their target. Another reason is the lack of accountability. When setting goals, the SMART model can be helpful, reminding us to set goals that are Specific, Measurable, Achievable, Realistic and Timely. But accountability is even more important to goal achievement than following the SMART model.
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Top three ways to hold yourself accountable
1. Just start! Many people go through the effort of developing their goals and writing up plans but never start. Take some type of action immediately once your goal is decided. Use the power of momentum to get yourself on a roll to meet your goal. 2. Develop a road map of how you’ll achieve your goal. If your goal is to increase net income, then list all the ways you can make that happen in as much detail as you can reasonably include. What are some ways to increase revenue? How can
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you lower your operating expenses? Are there different suppliers you can contact to lower pricing or increase quality? Then evaluate each idea, and put the best ideas at the top of your list. 3. Form a team to help you. The best way to ensure you do everything possible to bust through your goals is to set up a mastermind group, defined by Wikipedia as “a peer-to-peer mentoring concept used to help members solve their problems with input and advice from the other group members.” The concept comes from the idea that a “master mind” is created when two or more individuals come together to solve a problem. This idea was introduced in 1925 by author Napoleon Hill in his book, “The Law of Success,” and was described in more detail in his 1937 book, “Think and Grow Rich.” The mastermind group—your team—is dedicated to ensuring you meet your goal. Their job is to evaluate your goal to ensure it follows all the criteria of the SMART model, and if not, to then obtain clarification from you. Next the group evaluates your road map and offers suggestions on how to improve the likelihood of goal achievement. A vital part of the group’s role is to look for what could go wrong and challenge any assumptions in the plan. What if you lose a key salesperson? What if raw material prices increase significantly? What if a major customer leaves you? The idea is to identify high-level solutions for each of these potential threats to your goal. While this will not eliminate the threats, it helps ensure that if one of these scenarios happens, you already will have walked through a solution in your mind. The exercise not only encourages actions to lessen the possibility of these threats occurring, but it also lowers your stress level if and when a potential threat occurs. Contingency planning is a vital role in many industries and should be adopted by more.
Basic guidelines for forming your mastermind group
• Include a wide range of backgrounds in the people you select to be on your team. • Limit your team to three to five members.
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Use the power of momentum to get yourself on a roll to meet your goal. • Select team members who have a positive attitude and are committed to helping you succeed. • Meet regularly with your team, and give them periodic updates regarding your progress. • Give everyone ample opportunities to ask questions and give input to support you. Go ahead and dust off those goals you created at the beginning of the year, and focus like a laser on that most important goal. Act on your top goal today, review your plan, form your mastermind group—and success will follow.
Bruce Bautch, CPA, is a business coach with FocalPoint Coaching. Contact him at 414-418-8912 or bbautch@focalpointcoaching.com.
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Technology l Blockchain Security
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What organizations need to know about blockchain technology before adopting it
A
t its root, blockchain is a distributed ledger. A block is a record or transaction written to the ledger. Except for the very first block, each block contains a hash of the previous block to maintain the integrity of the chain. This series By Adam of blocks forms the chain. Each Perella, CISSP, block is written across all the GCFA, QSA, PA-QSA, P2PE member computers, called nodes, (QSA, PA-QSA), to help provide immutability. Alterations of any previous record, 3DS no matter how small, would alter the hash of the blockchain. This misalignment prevents that change from being written to the blockchain and maintains the integrity of the blockchain contents. Putting all this together, the intent of blockchain is to function as a continuous, distributed record of transactions that can be added to, but not altered, after being synchronized across nodes.
Potential attacks
Exploiting blockchain is not an easy feat. The built-in hashing function of blockchain incorporates security to maintain the integrity of the data. This does not mean, however, that the content of the data cannot be corrupted or that the process cannot be exploited. The most notable exploits revolve around vulnerabilities in code or the implementation of a blockchain. With so much money managed with cryptocurrencies, there is a clear appeal to criminals in exploiting a flaw in the code or the implementation of blockchain. The “51% attack� preys upon the synchronization feature in blockchain. In this exploit, the integrity of the chain can be compromised if 51% of nodes contain the
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false chain. More than theoretical, this type of attack has occurred.1 The most common examples of this attack involve using a single amount of cryptocurrency to perform multiple transactions. Think of this as purchasing $20 worth of items from multiple websites using a single $20 prepaid credit card. Understanding this, the more nodes there are within the blockchain network, the less likely that a 51% attack can be executed. Other security issues related to blockchain but not directly involving the blockchain technology involve phishing,2 impersonation3 and exposure of private keys.
Education before adoption Prior to implementing blockchain, organizations must consider (a) the content of the data being added to the chain, (b) how the data will be protected and (c) how many nodes will be involved. For example, if used internally by an organization, the nodes can have stringent access
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controls placed on them, limiting usage for anything other than maintaining the blockchain. When involving external systems, understanding how additional nodes can be added will define how the data is synchronized. Organizations partaking in another company’s blockchain must understand these same elements. As most blockchains are used for transactions, it may be necessary to know how many users can read the content or write to the blockchain. Applying digital signatures for individual users to blocks can help maintain the authenticity of those writing to the blockchain and protect the content of the data.
Caution and trust
Understanding data content, the purpose of the blockchain and how the data is shared will help an organization discern what to be cautious of and what to trust. Not all blockchains are the same, and the blockchain protocol can support different functions. While the most common public application of blockchain relates to transactional exchanges, blockchain could also be used for other applications, including to verify the authenticity of contractual agreements, digital voting or title transfers, to name a few. After defining how your organization will use blockchain, consider whether this is an internal, external or mixed offering. Establishing a blockchain that includes a limited number of systems outside the organization increases the likelihood of compromise through errors in coding, implementation or the 51% attack. Much like any other interaction within an organization or between organizations, elements to establish trust in the blockchain protocol can be included. Functions to authenticate nodes and the users interacting with the blockchain can bake trust into the process. Privacy must also be considered. Each node includes the full blockchain, meaning that the content of the data is often in clear text and available for review. Functions exist to prevent clear correlation between users and the records written by each user, but demonstrations on blockchains both small and large show that this can be undone.
The safety of blockchain
All technologies come with risks, and blockchain is relatively new. As protocols are created and improved upon, the technology can offer more security, but it is likely that attacks will always exist. Similar to the
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All technologies come with risks, and blockchain is relatively new. As protocols are created and improved upon, the technology can offer more security, but it is likely that attacks will always exist. access controls related to sharing other sensitive data, educating users about the functions of the blockchain and about avoiding exposing or sharing credentials will help maintain the integrity of the data. Blockchain is not a solution to all IT problems. With any implementation of blockchain, the architecture needs to facilitate the end goals and incorporate security from the beginning. Whether taking part in another organization’s blockchain or building one internally, thorough considerations of use, access, business relationships, data exposure and scope can alleviate concerns over trust and help blockchain facilitate the secure exchange of data in a decentralized manner. 1 Vertcoin is experiencing 51% hash rate attacks (https://coinrivet.com/vertcoin-is-experiencing51-hash-rate-attacks/).
2 More than 1 million worth of ETH stolen from Bee Token ICO Participants with phishing emails (http://www.cyberdefensemagazine.com/more-than-1-million-worth-of-eth-stolen-from-beetoken-ico-participants-with-phishing-emails/) 3 Tether – Tether Critical Announcement (https://tether.to/tether-critical-announcement/)
Adam Perella is a senior managing consultant with Sikich LLP, Milwaukee. His credentials include Certified Information Systems Security Professional, GIAC Certified Forensic Analyst, Payment Card Industry Qualified Security Assessor, Payment Application Qualified Security Assessor, QSA Point-to-Point Encryption and PA-QSA Point-to-Point Encryption. Contact him at 262-317-8501 or adam.perella@sikich.com.
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Find or post a job today at wicpa.org/CareerCenter.
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Accounting & Audit l Technology’s Impact
THE AUDIT OF THE
FUTURE How to implement technology in audit
“T
he Audit of the Future” once may have seemed like a distant concern or just a hot topic reserved for a special session at an industry conference. But as it stands today, this catchy concept can By Joe Haas, be ignored no longer, because CPA what “The Audit of the Future” really means is technology. And technology is here—that is undeniable. The real question is not if you should implement technology in your audit practice, but how you should implement it.
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This can be very challenging, considering the number of products on the market. Some of the new technologies offered today are very capable products that have the power to greatly improve your audit practice, but their implementation can come at a significant price. Considering the stakes, it’s important you get it right. Think about the following steps to increase your chances of success when implementing a new audit technology.
1
Identify a need – Don’t just implement new technologies for the sake of being cutting edge. Evaluate your audit procedures, and identify areas that could be improved with technology. What procedure takes the longest? What procedure or
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process seems to get the most complaints from staff? What audit risk concerns you the most? The answers to these and similar questions will give you a starting point. Seek out technologies that can address these needs.
2
Explore and research – We live in the age of information: You just have to go find it. You can identify products and technologies that are available through searching the web, attending industry conferences, asking peers, consulting a trusted product vendor or many other ways. This step can actually be fun and exciting, but it can also be overwhelming. Keep your needs in mind to help you stay on the right path.
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The real question is not if you should implement technology in your audit practice, but how you should implement it.
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the technology. It should also address the need or frustration you identified in the first step of this process.
3
Test before you commit – This may be the most important step, and extra work here can save you time and money down the road. Once you’ve identified a technology or product you’re interested in, request a private demonstration (or two). Involve the key decision makers in your firm. Getting the right people on board and excited about possible technology updates early will pay dividends in the long run. If you’re still interested after the demo, request a trial version of the product. Even if there are costs associated with a trial run, it may be worth it because it will help solidify your decision.
Once you have access to the technology, create a pilot program. Put the technology to the test in your real-world environment. Does it hold up? Does it work as advertised? Does it produce results? None of these questions can be fully answered by a sales pitch. You need to test the products for yourself.
4
Develop standard procedures (but don’t stifle creativity) – Congratulations! You’ve done your homework and committed to implementing a new technology in your audit practice. The next step is to be certain it leads to results. The best way to guarantee initial results is to develop standard procedures that can be implemented in every audit. This will ensure the entire staff uses and understands
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Initial results aren’t the only thing you should be interested in, though. It’s important you let the technology evolve in your practice by giving your staff the freedom to be creative and develop new uses you didn’t initially consider. This will lead to additional efficiencies, but more importantly, it will help create a culture of change and innovation with staff. This could come in handy when introducing other new technologies.
5
Measure the results – The true test in confirming whether a new technology has been successfully implemented is whether it produces tangible results. Determine the results you want or need to see, and define your benchmarks. This could be as simple as reducing a certain number of hours from each audit. But considering you’ll be spending a known amount of money on the new technology, does it reduce your audit costs by a greater amount? Periodically compare actual numbers to your benchmarks, and be honest with the results. If it isn’t working the way you envisioned, don’t hesitate to make the necessary changes to see the results you desire.
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The bottom line is this: The implementation of a new technology needs to produce positive changes. Those changes should be efficiencies in audit procedures as well as increased audit quality. Technology doesn’t only make you faster, it should also make you better. But in order to make that happen, you need to develop a plan for success. Remember, there’s a learning curve not only for using the technology, but also for implementing it. Once you’ve worked through a successful change in technology, you’ll be better equipped to handle the next inevitable change. And before you know it, instead of talking about “The Audit of the Future,” you’ll be performing it.
Joe Haas, CPA, is director of audit and accounting at Hawkins Ash CPAs, La Crosse. Contact him at 608-793-3158 or jhaas@hawkinsashcpas.com.
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Tax l TCJA Recap
IMPACT OF THE
TAX CUTS AND JOBS ACT Tax season reflection for the average individual taxpayer
T
By Kenesha Coleman, CPA, EA
he Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017, and is the first major overhaul of U.S. federal tax laws in more than 30 years. TCJA resulted in more than 600 rule changes and 187 new forms and affected all taxpayer sizes and types, including individuals, trusts, estates, corporations and pass-through entities.
nearly doubled standard deductions; capped state and local tax deductions; and doubled the child tax credit, among many other changes. The impact of TCJA varied among taxpayers and tax professionals, but there were a few notable highlights from the 2019 tax season.
TCJA lowered the tax rate for corporations to 21%; added Internal Revenue Code §199A, permitting a 20% deduction for eligible pass-through entities; created new tax rate brackets; eliminated personal exemptions for individuals and
The Internal Revenue Service’s (IRS) 2019 tax season started off with the longest federal government shutdown in U.S. history, lasting a total of 35 days. Most IRS workers were furloughed during the shutdown, and they returned to work with
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Tax season starts with government shutdown
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an extensive backlog of phone calls to return, faxes to address and postal mail to open and process. According to an audit conducted by the office of the National Taxpayer Advocate (NTA), over 5 million pieces of mail went unanswered, and 87,000 amended tax returns were not processed during the shutdown. Even after the IRS reopened, the agency’s customer service continued to be problematic. NTA found fewer than half of the calls to the IRS Accounts Management lines were answered, and the typical hold time was 17 minutes. Compare this to last year, when nearly 90% of the Accounts Management lines were answered, and the typical hold time was a mere four minutes.
What were your thoughts on the new Form 1040? The Trump administration’s new policy intended to simplify the Form 1040 U.S. Individual Tax Return by reducing it to a postcard-sized form. The new form replaces the old Form 1040, Form 1040A (the “short form”) and Form 1040EZ (for taxpayers with no dependents) and can be used by all 150 million taxpayers. The new form was reduced to a double-sided half page and contains less than 50% of the lines its twopage, 78-line predecessor contained. However, it has made filing more difficult because the new form does not have a place for much of the information many taxpayers need to complete their returns. Its size is deceiving because there are six related schedules that may need to be completed and filed along with the new form, depending on the taxpayer’s tax profile. The new Form 1040 is longer and less convenient than what it replaces. The old 1040 was one doublesided page. The new 1040 is eight half-sized pages. It simply splits the old Form 1040 lines into six new
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Smaller tax refunds explained IRS statistics reported immediately after the close of the tax season showed that slightly more people received a tax refund this year, although the typical size of the refund was below last year’s average. The average refund this year was $2,725, which is $55 less than last year’s average refund of $2,780.
$2,900
$2,800
$2,700
AVERAGE TAX REFUND
$2,600
$2,725
Simplification of Form 1040
supplementary forms. Some CPAs and tax preparers point out that the new 1040 makes taxes more cumbersome and opaque. “The net result with all these forms holding disparate data is that it will be easier to miss credits and deductions,” wrote Carrie McKeegan for Inc. magazine. “You or your accountant will have to comb through all schedules to see the end-to-end view of your tax situation,” she wrote.
$2,780
There were similar frustrations for those who called the IRS attempting to make payment arrangements for tax debts. Less than 7% of these calls were answered, and the typical hold time was more than 80 minutes. In the end, NTA’s audit found many Americans’ feelings about the process could be boiled down to two words: “extreme frustration.”
$2,500
$2,400
2018
2019
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In essence, taxpayers received their refunds incrementally throughout 2018 in each of their paychecks. IRS refund amounts may not provide a complete picture of how individual taxpayers made out this year as a result of TCJA. Shortly after TCJA passed, the IRS changed the tax withholding tables to adhere to the new tax law. Employers then used the new tax withholding tables and adjusted the amount of federal income tax withheld from employees’ paychecks. Despite the many efforts of the IRS to urge and encourage individual taxpayers to update their W-4 forms to avoid underwithholding, it appears that many individual taxpayers ignored their warnings and received much smaller refund checks than last year—or even ended up owing taxes this year. Taxpayers who received smaller refunds have been sharing their disappointment and frustrations online with the hashtags #GOPTaxScam and #GOPTaxScamStories. All the while, tax professionals across the country have been tasked with having difficult conversations to explain to clients that their tax refunds are smaller because they received bigger paychecks throughout the year. In essence, taxpayers received their refunds incrementally throughout 2018 in each of their paychecks. 32 The Bottom Line | 2 0 1 9 E d i t i o n
If taxpayers don’t update their W-4s for 2019, their 2020 tax season could be worse since the withholding tables will have been in effect for 12 months, versus just 9 months they were in effect in 2018.
TCJA winners and losers Overall, most Americans owed less in taxes this year, thanks to TCJA. Among the vast array of new tax laws, some taxpayers fared much better than others. The greatest benefits from the new tax law are seen by corporations and wealthier Americans. TCJA reduced the corporate tax rate to 21% from 35% and implemented a new 20% deduction from small business income. Individual taxpayers in the highest percentile of income are seeing the largest benefits as a portion of after-tax income. Those taxpayers in the top 1% paid about $51,000 less in taxes, while middle-income households (those making between about $50,000 and $85,000 in 2018) got an income tax cut of only about $800 on average. Kenesha Coleman, CPA, EA, is a sole tax practitioner and owner of the virtual tax firm ColemanTax. Contact her at 847-579-9706 or info@colemantaxllc.com.
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Don’t miss this chance to connect with your colleagues and other business professionals! WICPA Networking Nights offer you the opportunity to build your network with a group of peers in a relaxed setting.
Night g n i k r tunity r etwo o N p h p c o a as an ate, e t s s e v e r h e and s hout t g y t u i o v i r t h c Held t rent a e f way. f i d w e a n s a e ize in featur l a i c o u to s for yo These are also great venues for strengthening relationships with clients, co-workers and
UPCOMING NETWORKING NIGHTS:
business associates‌So invite them to join you!
Sept. 10 Good City Brewing, Milwaukee
Oct. 29 Leinie Lodge, Chippewa Falls
Oct. 8 Stillmank Brewing Company, Green Bay
Nov. 12 Great Dane Pub & Brewing Co., Wausau
Networking Nights are held 5:30 - 8:30 p.m.
Oct. 22 Capital Brewery, Middleton
The Bottom Line c p a . o r g information and to register, visit wicpa.org/NetworkingNights. Forw i more
| 2019 Edition
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Practice Management l Preventing Disruption
SMOOTH TECH TRANSITION How to prevent disruption to your firm by being proactive with new technologies
I
n the next five years, we will need to take our firms through a technology transition unlike any that have come before. While you may believe that the transition from DOS to Windows, the arrival of the Internet and the By Randy use of cloud technology were Johnston, MCS big things, the use of artificial intelligence (AI), machine learning (ML) and other emerging technologies, such as robotic process automation (RPA), will deeply change the practice of accounting. How can you help keep your firm on the right track? It certainly won’t be done by doing the same old thing, but the risk won’t
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be mitigated by jumping to new technology too early, either. The WICPA has been proactively scheduling CPD courses to help you investigate emerging technology options. However, we each may discover different technologies, have different client needs and utilize different strategies for our firms. Remember that you are still well served by having a strategic plan and tactical objectives for the firm, which are then incorporated into a technology strategic and tactical plan. We still must get day-to-day work done in accounting, payables, tax, audit and other core services. Each business area and application has development in progress that will apply AI, ML and RPA. The key question you should ask is “When does my area of responsibility need to apply the emerging technology?”
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What are the top AI and automation opportunities? Wherever there are a lot of transactions or data, there is an opportunity to automate. If you use online accounting software, you have already seen the opportunity to reduce the amount of effort needed to use bank or credit card feeds to capture all transactional data. Some of you are using expense management software to capture transactions and reduce the effort to manage expense reporting. These simple examples leverage the benefits of centralized cloud computing. Over time, computing power has gone from centralized to distributed back to centralized and is preparing to shift back to more distributed capabilities. The new wave of distributed computing is a result of widespread use of mobile computing power and of the reduced cost of graphics processors that can accelerate ML and AI. Recognition capabilities, commonly referred to as optical character recognition (OCR), have continued to improve, but adding AI, ML and other techniques improve accuracy. Having a local graphics processor can speed up AI and ML. If a document is presented in paper form, the
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“
Wherever there are a lot of transactions or data, there is an opportunity to automate. accuracy of translating the image’s numbers and words continues to improve, approaching 100%. Of course, it is better to capture the data in the original format, which means we will download the transactions from a bank or from an accounting software system. Another rule to apply is that if an accountant is keying data, there is a broken process somewhere, and your team should not be keying data at any level. We have seen and experienced the first wave of computer automation with document management, expense management and accounts payable management tools like eFileCabinet, Concur and Altec
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THE BENEFITS OF RPA PRODUCTIVITY
COST SAVINGS
RISK MANAGEMENT
doc-link. While some of these products are approaching 10 years old, their capabilities were largely built with manual forms and computing power, not with AI and other advanced techniques. New-generation tools like Receipt Bank Extract, Zoho Expense and Bill.com are leveraging emerging technology to improve their capabilities and recognition rates. Consider what happens if we can ingest a large amount of data for a tax return or an audit, perhaps even all transactions, to look for irregularities. What happens if all, or at least most, business transactions can be accurately captured and classified? Both functions are happening now with first-generation products such as Inflo and Mindbridge AI. The algorithms in use are improving in accuracy as more data is processed, and the rules in the algorithms have been improved. Mainstream and startup vendors are beginning to sell these capabilities. Imagine what will happen if we can apply blockchain techniques to ensure that all recorded transactions can’t be changed (= immutable). We are seeing this type of product with tools like AuditChain, which is also leveraging XBRL reporting.
So, what are some potential tools to use today? Multiple publishers are marketing products today, claiming they have these problems solved. While their techniques are beginning to work, don’t expect 100% solutions. Examples of products that are working for audit include Wolters Kluwer Audit Accelerator and TeamMate Analytics; MindBridge is making progress on ingesting
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INNOVATION
EMPLOYEE ENGAGEMENT
“
Reports from large organizations demonstrate that RPA is paying off very well financially. and classifying a large amount of data; and new audit tools are being promoted by the competitors of AuditFile, MyWorkPapers and the AICPA’s OnPoint PCR. We can bring back feeds and expense documentation, together with a wide variety of expense reporting tools, from Zoho Expense to Tallie to Expensify to Nexonia. We can automate payables with over a dozen different products from CloudX to Anybill to Aviid Exchange. Note that if a process can be handled by a human, there are tools that can automate these processes as well. Reports from large organizations demonstrate that RPA is paying off very well financially. RPA is an emerging form of business process automation technology based on the notion of software robots, or AI workers. RPA can be attended or unattended, similar to ML. When RPA 2.0 arrives, we will have more integration with AI. Today, the tools are more like programming and
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scripting. The benefits of RPA include productivity, cost savings, risk management, innovation and employee engagement. The use cases (and more) include QA, patch deployment, load testing and data entry. Possible tools to consider include UiPath, Automation Anywhere, Auto IT (scripts, local workstations) and Blue Prism. Just be sure to pay particular attention to the platform across the tool you choose. What is done well with RPA? Any manual processes that can be automated: repetitive tasks, rule-based activities, changeable tasks that are parameter driven, electronically readable format content, mature/stable processes, processes with low exception rates, areas that have high volume and any places where you can achieve FTE savings from automation. There are three levels of complexity with RPA: low (recorder, power users), medium (some simple scripting) and high (developers). To get started on a project, you’ll need to engage the stakeholders in tax and finance, have solid process mapping/prioritization, look at the ROI/KPI, find and develop a Tech Proof of Concept (use case before vendor build), and repeat to improve. We suggest you target work with the least realization or areas that you believe will gain benefit from optimization, standardization, quality or innovation.
And we are not done yet
What can you do now? Recognize that if you keep your technology current, vendors will make new offerings available to plug into your technology infrastructure. Consider services offered by your firm today and ones you’d like to offer in the future. Create an innovation lab—or “sandbox”—that can be used for testing new applications and techniques. Listen to your clients’ or customers’ needs carefully while you are trying to assemble an offering. Test the offering with a few trusted clients, and expand the offering into more of your base. Remember, you don’t want to give away the efficiencies gained by reducing fees or prices. Over time, poor competitors are likely to compete on price, but initially you should compete on value. Use the extra time made available by the efficiencies of the application(s) to provide a higher level of service, perform more business development, reduce the
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workload of your team or allocate the time to other worthwhile projects in your firm. Expect that some of the applications will not work out as you expect, and act quickly to set these options aside. You may want to hold your work for deployment at a later time, once the quality of the products improves or becomes more affordable. Remember to package service offerings as a product, and have marketing documentation and procedures to support the offering. Revise the procedures and offering frequently until you have it finely honed to fit your client base. There is broad fear of missing out in our industry, and vendors are selling many partially baked offerings that aren’t really what they advertise. Ask questions such as, “Do they work sufficiently well today to be useful?” “Are they affordable?” And “Do clients or our firm have a better experience while using them?” If the answers are yes, you can innovate with the cutting-edge products today and be ready for the emerging technologies of tomorrow.
Randy Johnston, MCS, is a shareholder in K2 Enterprises LLC and owner of Network Management Group Inc. Concepts for this article were extracted from the Emerging Technology session of the 2018 K2 Technology Conferences and from Johnston’s own experience. Contact him at 620-664-6000 or randy@k2e.com. This article was previously published in a slightly different form by the Virginia Society of CPAs and is used with permission.
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U.S. GAAP: Review for Business & Industry
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Advanced Controller & CFO Skills
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Annual Retirement Plan Investment Seminar
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Wisconsin Tax Update
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Leases: Mastering the New FASB Requirements
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7 Traits Authentic Leaders Need to Have
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Individual Income Taxation: Practical Tax Return Guidance for Your Upcoming Tax Season
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Wisconsin Tax Update
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PG
Sept. 27
FASB’s “Big 3” New Standards: Revenue Recognition, Leases & Financial Instruments
FSBT
60
Oct. 25
Federal Tax Update: Changes to Know & Topics to Watch
NBP10
55
Nov. 15
Applying Professional Skepticism in an Audit
CL4PSKEP
61
Nov. 15
Ethics & Professional Conduct: Updates & Practical Applications
CL4GRE
64
Nov. 21
Tax Advisors Update
PTU2
71
Dec. 13
Individual Income Tax Update
NBP12
55
Dec. 20
The Best S Corporation, Limited Liability & Partnership Update
BCPE
73
Jan. 17, 2020
The Secret to Creating a Cyber Risk-Aware Organization
NBP01
56
March 6, 2020 Standards Update: Changes With FASB & GASB
NBP03
56
May 15, 2020
NBP05
56
Soft Skills: An Introvert’s Survival Guide to Networking
LA CROSSE DATE
TITLE
ACRONYM
PG
Oct. 9
Wisconsin Tax Update
LCBP10
50
Oct. 24
Governmental & Not-for-Profit Annual Update
GNAU
66
Oct. 28
Annual Tax Update: Corporations & Pass-Through Entities
ATCP
71
Nov. 14
Tax Advisors Update
PTU
71
Nov. 22
Not-for-Profit Financial Reporting: Mastering the Unique Requirements
NFPF
67
Dec. 3
Compilations, Reviews & Preparations: Engagement Performance & Annual Update
CRAU3
59
Dec. 11
Individual Income Tax Update
LCBP12
50
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EAU CLAIRE
2019-2020 CPD Calendar MADISON
40 The Bottom Line | 2 0 1 9 E d i t i o n
DATE
TITLE
ACRONYM
PG
Sept. 13
Becoming an Organization of Innovation Through Diversity & Inclusion
MBP09
51
Oct. 4
Annual Update & Practice Issues for Preparation, Compilation & Review Engagements
CORU
60
Oct. 25
Ouch! That Hurts: Understanding & Preventing Workplace Microaggression
MBP10
51
Nov. 12
Construction Contractors Advanced Issues
CCAI
61
Nov. 15
Federal Tax Update: Changes to Know & Topics to Watch
MBP11
51
Nov. 18
Reviewing Pass-Through Tax Returns: What Are You Missing?
RPTR
72
Dec. 2
Hottest Tax Topics
HOT
72
Dec. 6
Wisconsin Tax Update
MBP12
51
Dec. 10
Fiduciary Income Tax Returns: Form 1041 With Filled-in Forms
1041
73
Jan. 17, 2020
Individual Income Tax Update
MBP01
51
Feb. 7, 2020
The Secret to Creating a Cyber Risk-Aware Organization
MBP02
52
March 6, 2020 Investment Management
MBP03
52
April 24, 2020
Keeping the Red Out of Your Business
MBP04
52
May 15, 2020
Hot IRS Ethics and Practice & Procedure Issues
MBP05
52
WAUKESHA DATE
TITLE
ACRONYM
PG
Sept. 6
Annual Update for Controllers
SKSB
68
Sept. 10-11
Audit Skills Training Level 1: New Auditors
1AUD
59
Sept. 11
Opportunity Zones
WBP09
57
Sept. 12
Enterprise Risk Management: New Approaches for Today’s Complexities
RMGT
68
Sept. 13
The New Yellow Book: Government Auditing Standards 2018 Revision
YBRV
66
Sept. 17
Compilations, Reviews & Preparations: Engagement Performance & Annual Update
CRAU
59
Sept. 18
Annual Update for Accountants & Auditors
AUAA
59
Sept. 26
Four Tiers of Loss Limitations: A Guide to the New Rules for Pass-Through Entities
FTL4
70
Sept. 26
Section 199A: Applications & Challenges in 2019
AIG4
70
Oct. 3
Finance Business Partnering: The Essentials
FBPB
68
Oct. 9
Making “Cents” Out of Government Budgets, Taxes & Other Local Municipal Finance Topics
WBP10
57
Oct. 10
Real-World Fraud Found in Governments & Not-for-Profits
RFGN
66
Oct. 17-18
Audit Skills Training Level 2: Staff Accountant
2AUD
60
Oct. 21
Securing a Comfortable Retirement in the Age of Spending
SCRT
70
Oct. 22
Individual & Financial Planning Tax Camp
IFCP
71
Oct. 24
Succeeding as a Corporate Executive
SCE
69
Oct. 25
Cases in Corporate Ethics: Real-Life Conflicts
CCE
64
Oct. 25
Staff Retention: Attract & Keep the Best People
SR
69
Oct. 28-29
Audit Skills Training Level 3: Experienced Staff
3AUD
61
Oct. 30
Business Intelligence Featuring Microsoft’s Power BI Tools
BIF
74
Oct. 31
Emerging Technologies for Accountants: Blockchain & Cryptocurrencies
EMT-4
74
Oct. 31
Securing Your Data: Practical Tools for Protecting Your Data
SEC-4
74
wicpa.org/CPDcatalog WAUKESHA TITLE
ACRONYM
PG
Nov. 13
Preparing Not-for-Profit Financial Statements Under ASU No. 2016-14
ENFP
67
Nov. 13
Tax Cuts and Jobs Act: The Aftermath
WBP11
57
Nov. 14-15
Audit Skills Training Level 4: In-Charge
4AUD
61
Nov. 22
Slashing Taxes for Your Small Business Clients: Corporations, Partnerships & LLCs
STSB
72
Dec. 4
Tax Advisors Update
PTU3
71
Dec. 9
The Best Individual Income Tax Update
BITU
72
Dec. 17
Annual FASB Update & Review
FUR4
62
Dec. 17
Ethical Considerations for CPAs
ETH4
64
Dec. 18
Wisconsin Tax Update
WBP12
57
Dec. 19
Form 1120S Boot Camp: Step-by-Step Preparation With Completed Forms
SUBS
73
Jan. 10, 2020
Individual Income Tax Update
MT01B
54
Jan. 16, 2020
Individual Income Tax Update
WBP01
57
Feb. 12, 2020
Excel Tips, Tricks & Shortcuts
WBP02
58
March 11, 2020 From C-Suite to Shop Floor: Persisting Harassment Issues and How Best to Protect Your Business & Your Brand
WBP03
58
April 22, 2020
Ethical Problems, Thoughts & Possible Answers for a 2020 World
WBP04
58
May 20, 2020
Compliance & Security: The Venn Diagram You Never Knew You Wanted to Understand
WBP05
58
June 3, 2020
Audits of 401(k) Plans
AFKP
62
DATE
TITLE
ACRONYM
PG
Sept. 26
Annual Update for Accountants & Auditors
AUAA2
59
Oct. 23
Cut Your Client’s Tax Bill: Individual Tax Planning Tips & Strategies
CYCT
71
Oct. 25
Wisconsin Tax Update
WSBP10
58
Nov. 19
Compilations, Reviews & Preparations: Engagement Performance & Annual Update
CRAU2
59
Dec. 5
Accounting & Auditing Update for Small Businesses
SMBZ
62
WAUSAU
WAUWATOSA DATE
TITLE
ACRONYM
PG
Sept. 13
Making “Cents” Out of Government Budgets, Taxes & Other Local Municipal Finance Topics
MT09
53
Oct. 11
Current Trends in IT Audit
MT10
53
Nov. 15
Wisconsin Tax Update
MT11
53
Dec. 6
Federal Tax Developments
MT12
53
Jan. 3, 2020
Individual Income Tax Update
MT01A
54
Feb. 7, 2020
Standards Update: Changes With FASB & GASB
MT02
54
March 6, 2020 Human Resources, Leadership & Management
MT03
54
April 24, 2020
2018 Tax Changes & Their Impact on Financial Planning
MT04
54
May 15, 2020
Creating a Culture of Diversity & Inclusion to Elevate Your Recruitment & Retention Programs
MT05
54
June 5, 2020
Hot IRS Ethics and Practice & Procedure Issues
MT06
55
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DATE
2019-2020 CPD Calendar CONFERENCES
42
DATE
TITLE
ACRONYM
PG
Sept. 9
CPAs in Industry Fall (Milwaukee)
CPAIF
47
Sept. 24
Not-for-Profit Accounting
NFPA
47
Oct. 17
CPAs in Industry Fall (Wisconsin Dells)
CPAIF2
47
Nov. 7-8
Tax
TAX
47
Nov. 20
Accounting & Auditing
ACCAUD
47
Dec. 12-13
Technology
TECH
47
March 17, 2020 CPAs in Industry Spring (Milwaukee)
CPAIS
48
April 23, 2020
CPAs in Industry Spring (Green Bay)
CPAIS2
48
May 14, 2020
Financial Institutions
FIC
48
May 28, 2020
School District Audit
SDA
48
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LIVE WEBINARS DATE
TITLE
ACRONYM
PG
Sept. 24
Farm Tax Update
WMFTR
70
Oct. 17
Restaurant Accounting & Controls
WMREST
60
Jan. 10, 2020
Tax Advisors Update
WMPTU3
73
WICPA CPD Registration Form W233N2080 Ridgeview Parkway | Suite 201 | Waukesha, WI 53188 | P: 262-785-0445 | F: 262-785-0838
COURSE SIGN-UP:
CONTACT INFORMATION: Name _______________________________________________________________ WICPA ID # ________________
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Alternate Email Address _________________________________________________________________________ Home Phone (________) _______________________ Mobile Phone (________)___________________________ Street Address ______________________________________________________PO Box ____________________ City __________________________________________ State _________________Zip ________________________
PROFESSIONAL INFORMATION: Organization ____________________________________________________________________________________ Street Address ______________________________________________________PO Box ____________________
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Course Name: ____________________________ Course Date: ______________________________ Registration Fee $ ______________ __ ___
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TOTAL AMOUNT $ ______________
Position Title ____________________________________________________________________________________
ARE YOU: o An AICPA member o A WICPA member o Contact me about being a WICPA member and saving up to $50 per course (Nonmembers only) PLEASE CHECK IF YOU: o Have a special requirement/food allergy Please describe __________________________________________________________________________________________________
PAYMENT METHOD: o Check (payable to WICPA) o American Express ______ o Discover_______ o MasterCard ______ o Visa Card Type: o Business __ o Personal Card # _______________________________________ Expiration Date _________________CVV _____________ Signature _____________________________________________________________________Date _____________ Course Materials: Electronic materials are included with registration and can be accessed approximately seven days prior to the program at wicpa.org/MyWICPA. Please download materials prior to the program as internet access cannot be guaranteed. Printed materials may be purchased up to seven days prior to the program and will be available for pickup at the registration table. Walk-in registrants and those registering less than seven days prior to the program will receive electronic materials. Extra printed materials are not guaranteed to be available on-site.
Cancellation Policy: For a full refund, the WICPA CPD Department must receive a notification of cancellation or
a request to transfer to a different program at least 14 days before the program presentation date. Cancellations or program transfer requests received between 7-13 days prior to the presentation date will be subject to a cancellation fee of 50% per person, per program. No refund or program transfer request will be granted for cancellations less than seven days of the program presentation. Substitute registrants are allowed. No refund or program transfer request will be granted if you have downloaded any electronic materials that have been provided for the program from which you are canceling.
wicpa.org/CPDcatalog
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Course Name: ____________________________ Course Date: ______________________________ Registration Fee $ ______________ __
Email Address (required) __________________________________________________________________________
Online CPD l Webinars, Self-Study & On-Demand
ONLINE CPD
WEBINARS, SELF-STUDY & ON-DEMAND Convenience matters. Time matters. You matter.
44
That’s why we offer thousands of webinars and self-study options specifically for CPAs and business professionals who have limited time or can’t get away from the office. CPD online is a great alternative to the traditional CPD seminar because, just like seminars, CPD webinars are scheduled events. But unlike seminars, webinars are delivered via the convenience of your computer.
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To learn more about the great online CPD options available to you, visit wicpa.org/CPDcatalog.
Accounting Continuing Professional Education Network (ACPEN)
These Signature CPD training courses cover the most relevant accounting, tax and finance topics in an interactive and discussion-rich format.
The Accounting Continuing Professional Education Network (ACPEN) is the largest and most comprehensive CPD network in the nation. Sponsored by many of the state CPA societies and NASBA accredited, ACPEN brings world-class CPD to your desktop in the most engaging and interactive way possible!
The ACPEN Industry Institute™ (Aii)
ACPEN offers a vast catalog of live video webcasts and live webcast replays, ranging in length from 1–8 CPD credits. All webcasts are available for individual as well as group viewing. The extensive ACPEN catalog is comprised of courses from the following product lines: ACPEN Signature Series The ACPEN Signature Series represents the top-of-the-line online CPD. All ACPEN Signature courses are 8 hours in length and include nationally recognized experts and highly experienced practitioners, as well as representatives from regulatory and standard-setting bodies including the IRS, GASB, FASB, GAO and many more.
The ACPEN Industry Institute provides a full curriculum of CPD courses specifically designed for accountants working in business and industry, delivered in a live, interactive, video webcast format. This includes but is not limited to technology training, management, finance, leadership, ethics and banking. The ACPEN Tax Institute (Ati) Ati offers the latest, most up-to-date continuing education for CPAs, finance and tax professionals. These tax CPD courses focus on updates and changes in tax code and practice. These tax seminars are offered on various dates and times, all providing live CPD credits. ACPEN Financial Planning Institute (Afpi) Newest to the line of ACPEN specialized programs, this unique course category is geared toward providing the most current and relevant information in the area of personal finance. Topics include
estate planning, Medicare and wealth preservation, to name a few. These course offerings are designed to assist firms and businesses, as well as individuals, in effectively managing their personal finances. Partner-Produced Programs We’ve found that programs and conferences produced by one state are often relevant and applicable to financial professionals and CPAs in other states. The ACPEN network offers a unique opportunity for our state CPA society partners to share their content with practitioners across the country. This is just another example of ACPEN’s unparalleled effort to provide a vast range of topics to meet the continuing professional development needs of every CPA.
AICPA Real Time. Anytime. Your Time. Time. When it’s yours to spend, you want to use it wisely. So the minute you’re ready to complete your required CPE, you can count on us and the AICPA to provide the most relevant expert knowledge— how you need it, when you need it, wherever you are.
wicpa.org/CPDcatalog
Online With more than 500 courses, AICPA Online CPE is an interactive learning environment for today’s busy professional. From updates on authoritative standards to awardwinning certificate programs, AICPA Online CPE will meet your knowledge and CPE needs with the flexibility of learning on your own time. Webcasts
CalCPA CalCPA Education Foundation (CalCPA) offers a full array of continuing education programs. With CalCPA webcasts, you can enjoy the flexibility of participating in CPE wherever you are. Enjoy high-quality video feeds and the ability to communicate directly with the instructor through a question box. Materials are offered in a PDF format, and all programs have savable, printable and fully annotatable textbooks. CalCPA’s courses cover everything from accounting, auditing, tax, management, ethics, litigation, retirement, and trusts and estates. We are changing and adding new programs every year and, with more than 1,300 webcasts to choose from, there’s a course for every interest area and curriculum need. Our instructors are experts in their fields, and most are also practitioners so they’re not only content experts but they’re also experts in application. These individuals understand the accounting profession and offer dynamic, informative programs.
CPA Crossings Save money. Save time. Stay focused. CPA Crossings, LLC provides an extensive catalog of live web-based CPD programs produced and delivered by CPA Crossings, LLC or by one of its approved developers. Our catalog consists of more than 200 topics in the areas of technology, practice management, workflow automation, tax, ethics, fraud and accounting/ auditing. Our courses range from one to eight hours with flexible scheduling, including evenings and Saturdays, so you can easily fit continuing education into your work week. Group and prepaid discounts are available—perfect options for firm training to maximize savings.
K2 Enterprises K2 Enterprises is proud to offer a broad curriculum of technologyfocused CPD webinars to the members of the Wisconsin Institute of CPAs. Now you can have webinar access to many of the courses that have made K2 Enterprises a leader in providing CPD to professionals throughout North America. When you take a K2 Enterprises webinar, you will have the opportunity to learn from an award-winning team of instructors with literally hundreds of years of experience in helping professionals identify, address and solve issues through the practical application of technology. K2 Enterprises offers webinars on a variety of topics, including Excel, QuickBooks, PDFs, accounting solutions and Microsoft Office.
As a NASBA-approved sponsor of webinar learning, you are assured of a high-quality event that is both convenient and affordable. We look forward to helping you meet your learning objectives. Improve your efficiency and productivity by participating in a webinar produced by K2 Enterprises!
Surgent Professional Education The trusted leader in tax and accounting education. Surgent has been one of the nation’s leading providers of high-quality CPD for CPAs for over 30 years. Providing over 1,200 webinars each year and offering over 300 unique self-study products, Surgent has all the CPD you need, whenever you need it. With Surgent live webinars, you will get the practical, up-to-date information you need and meet your CPD needs from the comfort of your office or home. Each webinar features knowledgeable and engaging experts from Surgent speaking on the hottest topics in accounting, auditing, government/nonprofit, technology and tax, and answering your critical questions. Webinars are offered daily, including evening and weekend options for the ultimate in convenience. Surgent self-study CPD enables you to earn CPD credits at your own pace and at a time that you choose. Whether you prefer downloadable PDF or on-demand webcast format, you’ll get the same high-quality Surgent content, plus 24/7 access, instant exam grading and certificates by email, making Surgent self-study CPD the perfect option for CPAs with less predictable schedules. In addition to individual self-study courses and live webinars, Surgent offers a number of CPD packages that provide added convenience and value.
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AICPA Webcasts offer a high-resolution, studio-quality experience and real-time interaction with experts, regulations, agency representatives and more. You’ll gain practical guidance and insights—and your organization or clients will benefit from the expertise they deserve and expect. Now, that’s making the most of your time.
In addition to live programs, anyone who registers for a live webcast will be able to access the recorded webcast for up to a year.
Online CPD l Webinars, Self-Study & On-Demand
Surgent’s Unlimited Plus Package
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Surgent’s Unlimited Plus Package includes complete 12-month access for a single user to self-study courses --including a growing library of ondemand self-study webcasts - plus access to every Surgent live webinar, including all the new tax reform courses, as well as other premium courses. With 1,200+ live webinars on the calendar this year alone, plus more than 250 self-study CPE courses available in the package, you’ll always be able to find a live or self-study course in the topic and format you need. Earn as much CPE and explore as many topics as you’d like for one full year from the date of purchase. Surgent webinars and self-study courses are constantly updated so no matter what format you pick, you’ll get the latest information you need for your professional practice. As a member, you pay just $595 – 30% off Surgent’s retail price! Surgent’s Unlimited Webinar Package Surgent’s 2019 Unlimited Webinar Package provides CPAs with unlimited 2019 access to more than 1200 live webinars in hundreds of topic areas. Surgent’s schedule includes multiple live webinars every weekday, and popular webinars on many Saturdays. We offer webinars that start at a range of convenient times--including many evening options--to accommodate attendees from every time zone. With a Surgent Unlimited Webinar Package, you’ll always be able to find a live webinar in the CPE topic you need. As a member, you pay just $425 – 40% off Surgent’s retail price! Surgent’s Unlimited Self-Study Package Surgent’s Unlimited Self-Study Package includes every PDF download course in Surgent’s catalog-more than 200 courses, each from 2-16 credits. Courses can be viewed right away with access for a full 12 months from
the date of purchase. Tests are taken online and CPD certificates are emailed immediately. As a WICPA member, you pay 40% off Surgent’s retail price!
o Designed for Individuals: Unlimited Webinars Pass provides access to over 300 live webinars for more than 600 CPE hours!
Wolters Kluwer
o Designed for Individuals: Unlimited Self-Study Pkg provides access to over 400 courses for more than 900 CPE hours!
Wolters Kluwer and the Wisconsin Institute of CPAs have joined forces to offer WICPA members the following benefits: • 25% off all CCH® Publications— CCH® Publications provide a quick and economical way to stay on top of industry and market-leading tax and accounting developments. • 20% off the following CPELink Products—Meeting your CPE requirements every year is time consuming enough without spending extra time hunting for relevant courses and keeping track of what you need. CCH® CPELink helps you meet those requirements without the added stress. Hundreds of courses are offered and cover a broad range of topics relevant to your professional development. o Designed for Individuals: Live Webinars are the most convenient way to earn CPE credit—without taking a test. You get coverage of today’s hot topics along with high quality, interactive courses lead by expert instructors. Plus you have the flexibility to log in and listen from anywhere. It doesn’t get any easier than that! o Designed for Individuals: CCH CPELink’s self-study courses are easy to use, interactive and mobile friendly! Work at your own pace and enjoy instant access to your online self-study courses immediately after purchase.
Take advantage of your member benefits today! Visit www.cchcpelink.com/wicpa
WICPA On-Demand CPD on YOUR schedule. Anytime. Anywhere. Whether you’re looking to stay on top of current issues, get the latest updates, keep up with emerging trends or broaden your knowledge with some new tips and tricks, these ondemand programs provide high-quality CPD from the most well-respected professionals in the industry. Didn’t have a chance to attend one of our conferences or breakfast meetings? No worries! With WICPA On-Demand, you can now view the most popular sessions of selected conferences and breakfast programs at your convenience. Additional benefits of registering for CPD On-Demand by WICPA include: • The ability to watch the sessions on your schedule anytime, anywhere with an internet connection. • The convenience of following along with speakers as their PowerPoint slides automatically transition sideby-side with the video. • The ability to download the presentation slides as a PDF for easy referencing now and in the future. Visit wicpa.org/OnDemand for a complete listing.
Conferences
CONFERENCES Looking to be a standout accounting professional? WICPA conferences offer you an opportunity to connect with fellow accounting and business professionals while hearing from local and national experts. WICPA members save up to $100 on registration! Registration opens approximately eight weeks prior to a conference. View conferences currently open for registration at wicpa.org/conferences. 47
Most conferences will now be streamed live and will include all general sessions, plus the most popular breakout sessions!
CPAs in Industry Fall Sept. 9 Potawatomi Hotel & Casino, Milwaukee Oct. 17 Glacier Canyon Lodge, Wisconsin Dells The CPAs in Industry Fall Conference provides CPAs, CFOs, CEOs and controllers in industry, public accounting, government, education and nonprofit updates on current issues and implications affecting various areas of business, operations, HR, IT, ethics and improved ways to manage a changing workplace.
Not-for-Profit Accounting Sept. 24 Sheraton Hotel, Brookfield The Not-for-Profit Accounting Conference covers a variety of specialized topics specifically designed to address the accounting and financial issues facing nonprofits and health care organizations. This conference’s attendees include executive officers,
controllers, accounting staff, managers, and other financial and administrative professionals serving not-for-profit organizations, allied health care, social service agencies, and hospital and nursing home administrations.
Tax Nov. 7–8 Potawatomi Hotel & Casino, Milwaukee The Tax Conference is the must-attend event for accountants, lawyers and business professionals who want to stay current on changing federal and Wisconsin tax laws and issues with experts in tax and related fields offering detailed updates and tips to serve clients and their companies. This two-day conference is for professionals from all levels of experience, including those in public practice and industry, as well as practicing attorneys, corporate counsel, and business and financial managers.
Accounting & Auditing Nov. 20 Sheraton Hotel, Brookfield The Accounting & Auditing Conference provides CPAs and financial professionals in public accounting, industry and government, as well as their staff with information on current changes and timely issues in auditing standards, FASB, GASB, government managing, improving data and document workflow, and accounting and financial reporting.
Technology Dec. 12–13 Potawatomi Hotel & Casino, Milwaukee The Technology Conference focuses on in-depth coverage and learning of technology issues, solutions and advancements that apply specifically to CPAs and accountants to improve efficiency and effectiveness in all areas of the profession, including public practice, business, industry, government and nonprofit organizations.
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New Livestream Option!
Conferences
CPAs in Industry Spring
Financial Institutions
School District Audit
March 17, 2020 Potawatomi Hotel & Casino, Milwaukee
May 14, 2020 Milwaukee Marriott West, Waukesha
May 28, 2020 Kalahari Resort & Convention Center, Wisconsin Dells
April 23, 2020 Radisson Hotel & Conference Center, Green Bay
48 The Bottom Line | 2 0 1 9 E d i t i o n
The CPAs in Industry Spring Conference provides CPAs, CFOs, CEOs and controllers in industry, public accounting, government, education and nonprofit updates on current issues and implications affecting various areas of business, operations, HR, IT, ethics and improved ways to manage a changing workplace.
The Financial Institutions Conference covers a number of specialized topics, including regulatory and legislative updates, compliance issues, and the latest economic conditions that financial institutions need to know. Professionals who should attend this conference include CEOs, CFOs, controllers, managers and other financial staff serving all sizes and types of financial institutions.
The School District Audit Conference provides beginner and advanced auditors of Wisconsin school districts with the latest auditing updates, developments and tools they can use to better serve school districts and their communities. Conference attendees include partners, principals, shareholders, controllers, accounting and auditing staff, managers and other financial staff.
Take the
MYSTERY
out of your member profile! UPDATE your profile and stay connected.
Log on to wicpa.org/MyWICPA with your WICPA username and password.
Special Events
Golf Outings Providing a great way to network in a more informal and social atmosphere, the Golf Outings are unique opportunities to make new connections. In addition to playing 18 holes of golf, attendees enjoy food, drinks, raffle prizes, an “inside the circle” competition and more. For more information and to register, visit wicpa.org/GolfOutings.
Sept. 20 | Registration & Breakfast 8:30 a.m. Practice Greens & Driving Range 9 a.m. Shotgun Start 10 a.m. Ironwood Golf Course, Sussex
Networking Nights Don’t miss this chance to connect with your colleagues and other business professionals! Networking Nights offer the opportunity to build your network with a group of peers in a relaxed setting. Held throughout the state, each Networking Night features a different activity and serves as an opportunity for you to socialize in a new way. This is also a great venue for strengthening relationships with clients, co-workers, and business associates…So invite them to join you! For more information and to register, visit wicpa.org/NetworkingNights. Sept. 10 | Registration 5:30 p.m. Event 6 – 8:30 p.m. Good City Brewing, Milwaukee Enjoy locally crafted beer, food and a tour of the brewery in a friendly and fun atmosphere. Each attendee will receive a 16 oz. pint glass and a full pour. The tour will begin at 6:00 p.m.
Join us at one of Madison’s hot spots for a tour of the brewery, food, drinks and a complimentary pint glass souvenir. The tour will start at 6:00 p.m. Attendees are also welcome to continue networking after the tour. Oct. 29 | Registration 5:30 p.m. Event 6 – 8:30 p.m. Leinie Lodge, Chippewa Falls Experience the iconic Leinie Lodge with a tour of the brewery, samples of beer and food, and a complimentary pint glass to take home as a souvenir. Attendees will receive a 10% discount on brewery items (some restrictions may apply). The tour will start at 6:00 p.m. Attendees are also welcome to continue networking after the tour. Nov. 12 | Registration 5:30 p.m. Event 6 – 8:30 p.m. Great Dane Pub & Brewing Co., Wausau Come to the Great Dane Pub for a night of networking while enjoying drinks, food and a brewery presentation.
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ATTENTION! THE CURRENT CPD REPORTING PERIOD ENDS DEC. 31, 2019 Reporting Period: Jan. 1, 2018 – Dec. 31, 2019 CPD Requirement: 80 total CPD credits Ethics Requirement: 3 Ethics CPD credits
Visit wicpa.org/CPD for more information about CPD requirements.
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Aug. 16 | Registration & Breakfast 8:30 a.m. Practice Greens & Driving Range 9 a.m. Shotgun Start 10 a.m. Thornberry Creek at Oneida, Oneida
Oct. 22 | Registration 5:30 p.m. Event 6 – 8:30 p.m. Capital Brewery, Middleton
Breakfast Programs
BREAKFAST PROGRAMS Held throughout the state, Breakfast Programs provide a convenient way to earn 2 to 4 CPD credits, enjoy breakfast and network while staying updated on a variety of topics and still being able to spend the afternoon in the office.
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EAU CLAIRE
franchise tax returns as well as sales and use tax and withholding tax updates.
Sept. 11 | Registration 7:30 a.m. Program 8 – 10 a.m. Staybridge Suites Eau Claire-Altoona, Altoona
Registration: $50 member | $60 nonmember $45 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
Breakfast Programs
Federal Tax Update: Changes to Know & Topics to Watch (ECBP09) Patrick D. Erickson, CPA, Tax Manager, CliftonLarsonAllen LLP
Receive highlights on the most significant changes to the federal tax rules and areas tax practitioners should remain cognizant of. Participants will gain a better understanding of the newest developments and how they will impact their work. Registration: $50 member | $60 nonmember $45 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits Nov. 13 | Registration 7:30 a.m. Program 8 – 10 a.m. Staybridge Suites Eau Claire-Altoona, Altoona Wisconsin Tax Update (ECBP11) Nathaniel R. Weber, CPA, Director, Office of Technical Services, Wisconsin Department of Revenue
The Wisconsin Department of Revenue will provide an update on new tax laws and other information for preparation of 2019 Wisconsin income and
LA CROSSE
Breakfast Programs Oct. 9 | Registration 7:30 a.m. Program 8 – 10 a.m. Hawkins Ash CPAs, LLP, 500 2nd St South, Suite 200, La Crosse Wisconsin Tax Update (LCBP10) Nathaniel R. Weber, CPA,
Dec. 11 | Registration 7:30 a.m. Program 8 a.m. – noon Stoney Creek Hotel & Conference Center, Onalaska Individual Income Tax Update (LCBP12) June F. Norman, CPA, MS Taxation Partner, Hartwig, Norman & Shannon, LLP
Join us for a fast-paced and lively session emphasizing practical preparation for the forthcoming tax season. We’ll cover an array of individual tax topics including new and prior legislation affecting the current tax year, planning tips, changes in forms and filing requirements and insights for the small tax practitioner. You’ll leave feeling less overwhelmed and knowing you’re not alone in confusion and invigorated for the tax season ahead.
Director, Office of Technical Services, Wisconsin Department of Revenue
NOTE: The registration fee for this program includes a Master Tax Guide.
The Wisconsin Department of Revenue will provide an update on new tax laws and other information for preparation of 2019 Wisconsin income and franchise tax returns as well as sales and use tax and withholding tax updates.
Registration: $129 member | $149 nonmember $119 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 4 credits
Registration: $50 member | $60 nonmember $45 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
MADISON
Breakfast Programs Register for individual programs or receive the BEST DEAL when registering for the Season Pass. The Season Pass includes registration to all Madison programs and includes a Master Tax Guide, which is part of the Individual Income Tax Update program.
wicpa.org/CPDcatalog
SEASON PASS (MBPSP) Registration: $584 member | $674 nonmember Savings includes ONE FREE program $519 retired, part-time, unemployed/ leave-of-absence Savings includes TWO FREE programs $90 additional for printed materials CPD credit: 20 credits Sept. 13 | Registration 7:30 a.m. Program 8 – 10 a.m. Cambria Hotel Madison East, Madison
Consulting, LLC
Katie Wheelock, SHRM-CP, Director of HR Foundations Program, Scherck Consulting, LLC
Set your organization apart from others through a commitment to diversity and inclusion by the tips and tools you will receive in this program. Learn how embracing the diversity of individuals within your organization will create an environment of innovation and inclusion and an internal culture where employees are encouraged and given the space to thrive. Registration: $65 member | $75 nonmember $60 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits Oct. 25 | Registration 7:30 a.m. Program 8 – 10 a.m. Cambria Hotel Madison East, Madison Ouch! That Hurts: Understanding & Preventing Workplace Microaggression (MBP10) Deborah A. Biddle, MBA, MBTI, Founder and Chief Consultant, The People Company LLC.
In most workplaces, daily exchanges between team members encompass a
Registration: $65 member | $75 nonmember $60 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits Nov. 15 | Registration 7:30 a.m. Program 8 – 10 a.m. Cambria Hotel Madison East, Madison Federal Tax Update: Changes to Know & Topics to Watch (MBP11) Austin P. Burby, CPA, Manager, Private Client Tax, CliftonLarsonAllen LLP
Receive highlights on the most significant changes to the federal tax rules and areas tax practitioners should remain cognizant of. Participants will gain a better understanding of the newest developments and how they will impact their work. Registration: $65 member | $75 nonmember $60 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
Dec. 6 | Registration 7:30 a.m. Program 8 – 10 a.m. Cambria Hotel Madison East, Madison Wisconsin Tax Update (MBP12) Nathaniel R. Weber, CPA, Director, Office of Technical Services, Wisconsin Department of Revenue
The Wisconsin Department of Revenue will provide an update on new tax laws and other information for preparation of 2019 Wisconsin income and franchise tax returns as well as sales and use tax and withholding tax updates. Registration: $65 member | $75 nonmember $60 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits Jan. 17, 2020 | Registration 7:30 a.m. Program 8 a.m. – noon Crowne Plaza Hotel, Madison Individual Income Tax Update (MBP01) June F. Norman, CPA, MS Taxation, Partner, Hartwig, Norman & Shannon, LLP
Join us for a fast-paced and lively session emphasizing practical preparation for the forthcoming tax season. We’ll cover an array of individual tax topics including new and prior legislation affecting the current tax year, planning tips, changes in forms and filing requirements and insights for the small tax practitioner. You’ll leave feeling less overwhelmed and knowing you’re not alone in confusion and invigorated for the tax season ahead. NOTE: The registration fee for this program includes a Master Tax Guide.
Registration: $129 member | $149 nonmember $119 unemployed/part-time/retired member $10 additional for printed materials CPD credit: 4 credits
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Becoming an Organization of Innovation Through Diversity & Inclusion (MBP09) Traci Scherck, MPA, SPHR, SHRM-SCP, NHA, Chief Relationship Officer, Scherck
wide variety of personalities with varying degrees of conversation. What happens when those conversations drift into stereotyping — specifically, the subtle type? Unconsciously and unintentionally, comments from one employee may offend another employee, resulting in the commission of a microaggression. This session will improve employee awareness by facilitating opportunities for participants to discover common examples of everyday microaggressions as well as develop ways to avoid the remarks that tend to offend and create unwelcoming work environments.
Breakfast Programs
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Feb. 7, 2020 | Registration 7:30 a.m. Program 8 – 10 a.m. Cambria Hotel Madison East, Madison
April 24, 2020 | Registration 7:30 a.m. Program 8 – 10 a.m. Cambria Hotel Madison East, Madison
The Secret to Creating a Cyber RiskAware Organization (MBP02) Dale Boehm, CISA, President/CEO, Caspian
Keeping the Red Out of Your Business
The rapidly changing business environment is exposing companies to more cyber risks. The explosion of interconnected devices, adversaries’ hunger for “big data” analytics and the outsourcing of critical business functions are just some of the forces that are making companies more vulnerable to attack. Company leaders are tasked with striking a difficult balance between keeping up with their competition and defending against escalating threats. Many executives are unclear about what this really means, or what role they play in the cyber risk management framework.
Queen of Cash, Transworld Systems Inc.
Discussion will include why current awareness practices don’t work, the value of evidence-based awareness and how to benchmark awareness across business units.
Registration: $65 member | $75 nonmember $60 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
Registration: $65 member | $75 nonmember $60 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits March 6, 2020 | Registration 7:30 a.m. Program 8 – 10 a.m. Cambria Hotel Madison East, Madison Investment Management (MBP03) Kevin M. Reardon, CFP, President & CEO, Shakespeare Wealth Management, Inc.
Review intermediate and advanced strategies that can be deployed to deal with market volatility and increase your probability of success when investing. Registration: $65 member | $75 nonmember $60 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
(MBP04)
Eunice Johnson, Independent Contractor, Discover ways to prevent delinquent receivables, conduct credit checks, understand the economics of not getting paid and learn about billing follow-through. Questions will be answered, such as: “Should you avoid using a collection agency?” and “Should I accept credit cards?” This program will also explain the current statistics of the cost of collecting money and national collection agency results as well as how certain telephone responses and phrases will help you get paid faster.
May 15, 2020 | Registration 7:30 a.m. Program 8 – 10 a.m. Cambria Hotel Madison East, Madison Hot IRS Ethics and Practice & Procedure Issues (MBP05) Michael G. Goller, JD, Tax Department Chair, Reinhart Boerner Van Deuren s.c.
Receive a cutting-edge summary of what’s going on at the IRS, what audit issues are hot right now and what ethical concerns the tax practitioner faces. NOTE: This course qualifies for 2 credits toward the WICPA membership Ethics CPD requirement.
Registration: $65 member | $75 nonmember $60 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
Earn CPD by Speaking at WICPA Breakfast Programs Speakers are needed for Eau Claire, La Crosse, Madison, Milwaukee, Northeast Wisconsin, Waukesha and Wausau. Earn CPD while sharing your expertise, developing leadership skills and promoting your organization. Contact the CPD team at 262-785-0445.
wicpa.org/CPDcatalog
MILWAUKEE
Breakfast Programs Register for individual programs or receive the BEST DEAL when registering for the Season Pass. The Season Pass includes registration to all Milwaukee programs and includes a Master Tax Guide, which is part of the Individual Income Tax Update program.
SEASON PASS (MTSP1) & (MTSP2)
concepts, this course is designed for accountants and other individuals interested in learning more about local government finance. Registration: $75 member | $85 nonmember $70 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 3 credits Oct. 11 | Registration 7:30 a.m. Program 8 – 11 a.m. Crowne Plaza Milwaukee West, Wauwatosa
Registration: $729 member | $829 nonmember Savings includes ONE FREE program $654 retired, part-time, unemployed/ leave-of-absence Savings includes TWO FREE programs $100 additional for printed materials CPD credit: 31 credits
Director, IT Risk Advisory Services, Experis Finance
Sept. 13 | Registration 7:30 a.m. Program 8 – 11 a.m. Crowne Plaza Milwaukee West, Wauwatosa Making “Cents” Out of Government Budgets, Taxes & Other Local Municipal Finance Topics (MT09) Denise A. Vandenbush-Kohlmann, CPA, MST, Special Projects Accountant, City of Waukesha-Finance Department
Here’s an excellent opportunity to learn more about local government finance and gain insight into the financial operations of a local city or village government. The first segment will take you on an interesting journey through the municipal budget and tax levy process. The second segment will address more advanced topics, including fund balance and use of fund balance, levy limits, the expenditure restraint program and tax incremental financing (TIF) districts. Packed full of examples to illustrate important
Current Trends in IT Audit (MT10) Stephen Head, CPA, CISSP, CISM, CISA,
Information technology is constantly changing and so are its associated risks. Areas such as third-party risk, privacy, data loss prevention, data governance, business continuity, cyber risk and resiliency, agile development, big data, cloud computing and the Internet of Things (IoT) all threaten to overwhelm the ability of organizations to keep pace. Participants will gain an understanding of the key areas of emerging risks in information technology and how they impact the business. We will also review best practices for addressing these risks so controls remain effective. Registration: $75 member | $85 nonmember $70 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 3 credits Nov. 15 | Registration 7:30 a.m. Program 8 – 11 a.m. Crowne Plaza Milwaukee West, Wauwatosa Wisconsin Tax Update (MT11) Nathaniel R. Weber, CPA, Director, Office of Technical Services, Wisconsin Department of Revenue
Registration: $75 member | $85 nonmember $70 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 3 credits Dec. 6 | Registration 7:30 a.m. Program 8 – 11 a.m. Crowne Plaza Milwaukee West, Wauwatosa Federal Tax Developments (MT12) James D. Brandenburg, CPA, MST, Partner, Sikich LLP
Receive an update on various tax developments in 2019. Emphasis will be placed on the Tax Cuts and Jobs Act (TCJA) and guidance provided by the IRS on various provisions impacting businesses and individuals. Among the TCJA topics to be covered are the new 20% deduction for passthrough businesses, changes and enhancements to bonus depreciation and Section 179, accounting methods opportunities for small businesses, other accounting method changes related to income recognition, restrictions and complications on the deductibility of interest expense, new tax incentives for Opportunity Zones, special tax credit for employer paid family and medical leave, individual tax changes and many other items. There will also be a discussion on 2019 tax developments not related to TCJA. Tax planning and tax compliance matters will also be addressed. Registration: $75 member | $85 nonmember $70 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 3 credits
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NOTE: The Individual Income Tax Update program will be offered twice. Choose one of the two dates and locations. MTSP1 includes the Jan. 3, 2020, Individual Income Tax Update program in Wauwatosa, and MTSP2 includes the Jan. 10, 2020, Individual Income Tax Update in Waukesha.
The Wisconsin Department of Revenue will provide an update on new tax laws and other information for preparation of 2019 Wisconsin income and franchise tax returns as well as sales and use tax and withholding tax updates.
Breakfast Programs
Jan. 3, 2020 | Registration 7:30 a.m. Program 8 a.m. – noon Crowne Plaza Milwaukee West, Wauwatosa Jan. 10, 2020 | Registration 7:30 a.m. Program 8 a.m. – noon WICPA Professional Development Center, Waukesha Individual Income Tax Update (MT01A), (MT01B)
June F. Norman, CPA, MS Taxation, Partner, Hartwig, Norman & Shannon, LLP 54 The Bottom Line | 2 0 1 9 E d i t i o n
Join us for a fast-paced and lively session emphasizing practical preparation for the forthcoming tax season. We’ll cover an array of individual tax topics including new and prior legislation affecting the current tax year, planning tips, changes in forms and filing requirements and insights for the small tax practitioner. You’ll leave feeling less overwhelmed and knowing you’re not alone in confusion and invigorated for the tax season ahead. NOTE: The registration fee for this program includes a Master Tax Guide.
Registration: $129 member | $149 nonmember $119 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 4 credits Feb. 7, 2020 | Registration 7:30 a.m. Program 8 – 11 a.m. Crowne Plaza Milwaukee West, Wauwatosa Standards Update: Changes With FASB & GASB (MT02) Brian T. Baumgart, CPA, Manager, CliftonLarsonAllen LLP
Charles R. Bruce, CPA, Manager, CliftonLarsonAllen LLP
John J. Kuehn, CPA, Manager, CliftonLarsonAllen LLP
Shannon Small, CPA, MPA, Director, Public Sector, CliftonLarsonAllen LLP
This program will highlight the most significant changes in both FASB
and GASB accounting standards. Specialists in governmental, forprofit and nonprofit accounting will present updates on the newly effective accounting standards and the unique considerations for each of these organization types. Participants will receive an overview of the changes in the landscape of accounting standards affecting all three spheres. Registration: $75 member | $85 nonmember $70 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 3 credits March 6, 2020 | Registration 7:30 a.m. Program 8 – 11 a.m. Crowne Plaza Milwaukee West, Wauwatosa Human Resources, Leadership & Management (MT03) Will Ruch, CEO & Managing Partner, Versant, Inc.
Growth happens when you have the right talent. Learn winning practices and become a key differentiator for recruiting, engaging and retaining talent. Registration: $75 member | $85 nonmember $70 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 3 credits April 24, 2020 | Registration 7:30 a.m. Program 8 – 11 a.m. Crowne Plaza Milwaukee West, Wauwatosa 2018 Tax Changes & Their Impact on Financial Planning (MT04) Kenneth J. Schneider, MBA, Managing Director – Investments, PIM Portfolio Manager, Schneider Wealth Management Group of Wells Fargo Advisors
Do you want a better understanding of the aspects of your own and your clients’ investments to develop better
strategies? Then this presentation is for you! This program reviews new tax laws, including tax rates and brackets, deductions and exemptions, IRAs and 529 plans, estate and generationskipping taxes, and tax changes for businesses. We’ll also discuss planning considerations, such as alternatives for charitable giving, accelerating/deferring income, creating a tax-efficient portfolio, and gift and estate planning. Additionally, we’ll consider how these topics relate to comprehensive estate planning. Registration: $75 member | $85 nonmember $70 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 3 credits May 15, 2020 | Registration 7:30 a.m. Program 8 – 11 a.m. Crowne Plaza Milwaukee West, Wauwatosa Creating a Culture of Diversity & Inclusion to Elevate Your Recruitment & Retention Programs (MT05) Traci Scherck, MPA, SPHR, SHRM-SCP, NHA, Chief Relationship Officer, Scherck Consulting, LLC
Katie Wheelock, SHRM-CP, Director of HR Foundations Program, Scherck Consulting, LLC
We know that your people are the heart of your organization. You want and deserve the best people to serve your customers and to live out your company’s mission and values. Learn how creating a workplace culture that embraces diversity and inclusion will elevate your recruitment and retention programs by attracting and retaining those individuals who will help your company continue to thrive. Registration: $75 member | $85 nonmember $70 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 3 credits
wicpa.org/CPDcatalog
June 5, 2020 | Registration 7:30 a.m. Program 8 – 11 a.m. Crowne Plaza Milwaukee West, Wauwatosa
Sept. 13 | Registration 7:30 a.m. Program 8 – 10 a.m. CliftonLarsonAllen LLP, 200 E. Washington St., Appleton
Nov. 1 | Registration 7:30 a.m. Program 8 – 10 a.m. CliftonLarsonAllen LLP, 200 E. Washington St., Appleton
Hot IRS Ethics and Practice & Procedure Issues (MT06) Michael G. Goller, JD, Tax Department
Keeping the Red Out of Your Business
Wisconsin Tax Update (NBP11) Nathaniel R. Weber, CPA, Director, Office
Chair, Reinhart Boerner Van Deuren s.c.
Queen of Cash, Transworld Systems Inc.
Receive a cutting-edge summary of what’s going on at the IRS, what audit issues are hot right now and what ethical concerns the tax practitioner faces.
Find out ways to prevent receivables, doing credit checks, the economics of not getting paid and billing follow through. Questions will be answered such as “should you avoid using a collection agency” or “should I accept credit cards?” This program will also explain the current stats of the cost of collecting money and national collection agency results and how certain telephone responses and phrase will help you get paid faster.
Registration: $75 member | $85 nonmember $70 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 3 credits
Eunice Johnson, Independent Contractor,
Breakfast Programs
Registration: $60 member | $70 nonmember $55 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
Register for individual programs or receive the BEST DEAL when registering for the Season Pass. The Season Pass includes registration to all Northeast programs and includes a Master Tax Guide, which is part of the Individual Income Tax Update program.
Oct. 25 | Registration 7:30 a.m. Program 8 – 10 a.m. CliftonLarsonAllen LLP, 2200 Riverside Drive, Green Bay
NORTHEAST
SEASON PASS (NBPSP) Registration: $549 member | $639 nonmember Savings includes ONE FREE program $489 retired, part-time, unemployed/ leave-of-absence Savings includes TWO FREE programs $90 additional for printed materials CPD credit: 20 credits
Federal Tax Update: Changes to Know & Topics to Watch (NBP10) Terri M. Lillesand, CPA, Tax Principal, CliftonLarsonAllen, LLP
Receive highlights on the most significant changes to the federal tax rules and areas tax practitioners should remain cognizant of. Participants will gain a better understanding of the newest developments and how they will impact their work. Registration: $60 member | $70 nonmember $55 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
of Technical Services, Wisconsin Department of Revenue
The Wisconsin Department of Revenue will provide an update on new tax laws and other information for preparation of 2019 Wisconsin income and franchise tax returns as well as sales and use tax and withholding tax updates. Registration: $60 member | $70 nonmember $55 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits Dec. 13 | Registration 7:30 a.m. Program 8 a.m. – noon Radisson Hotel & Conference Center, Green Bay Individual Income Tax Update (NBP12) June F. Norman, CPA, MS Taxation, Partner, Hartwig, Norman & Shannon, LLP
Join us for a fast-paced and lively session emphasizing practical preparation for the forthcoming tax season. We’ll cover an array of individual tax topics including new and prior legislation affecting the current tax year, planning tips, changes in forms and filing requirements and insights for the small tax practitioner. You’ll leave feeling less overwhelmed and knowing you’re not alone in confusion and invigorated for the tax season ahead. NOTE: The registration fee for this program includes a Master Tax Guide.
Registration: $129 member | $149 nonmember $119 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 4 credits
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NOTE: This course qualifies for 3 credits toward the WICPA membership Ethics CPD requirement.
(NBP09)
Breakfast Programs
Jan. 17, 2020 | Registration 7:30 a.m. Program 8 – 10 a.m. CliftonLarsonAllen LLP, 2200 Riverside Drive, Green Bay The Secret to Creating a Cyber Risk-Aware Organization (NBP01) Dale Boehm, CISA, President/CEO, Caspian
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The rapidly changing business environment is exposing companies to more cyber risks. The explosion of interconnected devices, adversaries’ hunger for “big data” analytics and the outsourcing of critical business functions are just some of the forces that are making companies more vulnerable to attack. Company leaders are tasked with striking a difficult balance between keeping up with their competition and defending against escalating threats. Many executives are unclear about what this really means, or what role they play in the cyber risk management framework. Discussion will include why current awareness practices don’t work, the value of evidence-based awareness and how to benchmark awareness across business units. Registration: $60 member | $70 nonmember $55 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits Feb. 7, 2020 | Registration 7:30 a.m. Program 8 – 10 a.m. CliftonLarsonAllen LLP, 200 E. Washington St., Appleton 7 Traits Authentic Leaders Need to Have (NBP02) Roger Wolkoff, MBA, CEO and Owner, All About Authenticity
We know great leaders when we meet them. Have you ever wondered what makes them stand out from the others? We will use the L.E.A.D.E.R.S. model to examine seven key traits you need to have to be an authentic leader.
Leadership is more than knowing what to say and when to say it. It’s about having your finger on the pulse of the people in your organization and paying attention to what others often don’t see. Join this discussion to find out what makes a great leader and share stories from your own experiences about exceptional and not-so-exceptional leaders who have crossed our paths. Registration: $60 member | $70 nonmember $55 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits March 6, 2020 | Registration 7:30 a.m. Program 8 – 10 a.m. CliftonLarsonAllen LLP, 2200 Riverside Drive, Green Bay Standards Update: Changes With FASB & GASB (NBP03) David Maccoux, CPA, Principal, CliftonLarsonAllen LLP
Christopher D. Roble, CPA, Principal, CliftonLarsonAllen LLP
This program will highlight the most significant changes in both FASB and GASB accounting standards. Specialists in governmental, for profit and nonprofit accounting will present an update of the newly effective accounting standards and the unique considerations for each of these organization types. Participants will receive an overview of the changes in the landscape of accounting standards affecting all three spheres. Registration: $60 member | $70 nonmember $55 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
April 24, 2020 | Registration 7:30 a.m. Program 8 – 10 a.m. CliftonLarsonAllen LLP, 200 E. Washington St., Appleton Hot IRS Ethics and Practice & Procedure Issues (NBP04) Michael G. Goller, JD, Tax Department Chair, Reinhart Boerner Van Deuren s.c.
Receive a cutting-edge summary of what’s going on at the IRS, what audit issues are hot right now and what ethical concerns the tax practitioner faces. NOTE: This course qualifies for 2 credits toward the WICPA membership Ethics CPD requirement.
Registration: $60 member | $70 nonmember $55 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits May 15, 2020 | Registration 7:30 a.m. Program 8 – 10 a.m. CliftonLarsonAllen LLP, 2200 Riverside Drive, Green Bay Soft Skills: An Introvert’s Survival Guide to Networking (NBP05) Katie Guth, Marketing Coordinator, KerberRose SC
Learn about the differences in personalities, why networking is difficult for introverts, how to use your strengths to overcome obstacles and how to embrace your introverted traits. Registration: $60 member | $70 nonmember $55 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
wicpa.org/CPDcatalog
WAUKESHA
Breakfast Programs Register for individual programs or receive the BEST DEAL when registering for the Season Pass. The Season Pass includes registration to all Waukesha programs and includes a Master Tax Guide, which is part of the Individual Income Tax Update program.
SEASON PASS (WBPSP)
Sept. 11 | Registration 7:30 a.m. Program 8 – 10 a.m. WICPA Professional Development Center, Waukesha Opportunity Zones (WBP09) Hal Karas, JD, Partner, Husch Blackwell LLP Rebecca Mitich, JD, Partner, Husch Blackwell LLP
Moderator: Lynn Sigfred, Vice President, Commercial Banking, Park Bank
Attend this panel discussion on Opportunity Zones and how they can benefit businesses and individuals in the state of Wisconsin. Panelists will share insights on the program and benefits of participation. Registration: $50 member | $60 nonmember $45 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
tax season and the new tax developments and legislative updates. This session will also provide information on new procedures when dealing with the IRS.
Making “Cents” Out of Government Budgets, Taxes & Other Local Municipal Finance Topics (WBP10) Denise A. Vandenbush-Kohlmann, CPA, MST, Special Projects Accountant, City of
Registration: $50 member | $60 nonmember $45 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
Waukesha-Finance Department
Here’s an excellent opportunity to learn more about local government finance and gain insight into the financial operations of a local city or village government. The first segment will take you on an interesting journey through the municipal budget and tax levy process. The second segment will address more advanced topics, including fund balance and use of fund balance, levy limits, the expenditure restraint program and tax incremental financing (TIF) districts. Packed full of examples to illustrate important concepts, this course is designed for accountants and other individuals interested in learning more about local government finance.
Dec. 18 | Registration 7:30 a.m. Program 8 – 10 a.m. WICPA Professional Development Center, Waukesha Wisconsin Tax Update (WBP12) Austin C. Bennett, CPA, Manager, CliftonLarsonAllen LLP
Jeffrey Stoub, CPA, Tax Manager, CliftonLarsonAllen LLP
The presentation will discuss important Wisconsin updates to individual and business taxation, tax law changes and reminders, and lessons learned from the 2018 tax filing season. An update on recent Wisconsin tax court cases will also be included.
Registration: $50 member | $60 nonmember $45 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
Registration: $50 member | $60 nonmember $45 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
Nov. 13 | Registration 7:30 a.m. Program 8 – 10 a.m. WICPA Professional Development Center, Waukesha
Jan. 16, 2020 | Registration 7:30 a.m. Program 8 a.m. – noon WICPA Professional Development Center, Waukesha
Tax Cuts and Jobs Act: The Aftermath
Individual Income Tax Update (WBP01) June F. Norman, CPA, MS Taxation,
(WBP11)
Kenesha A. Coleman, CPA, MPA, EA,
Partner, Hartwig, Norman & Shannon, LLP
Founder & Chief Tax Officer, ColemanTax Keana Spencer, MBA, M.S.Acy, Tax and Research Accountant, Spencer Accounting Group, LLC
Join us for a fast-paced and lively session emphasizing practical preparation for the forthcoming tax season. We’ll cover an array of individual tax topics including new and prior legislation affecting the current tax year, planning tips, changes in forms and filing requirements and
Explore the aftermath of the first tax season since the passage of the Tax Cuts and Jobs Act (TCJA). Learn about the stunning effect TCJA had on clients during
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Registration: $479 member | $569 nonmember Savings includes ONE FREE program $429 retired, part-time, unemployed/ leave-of-absence Savings includes ONE FREE program $90 additional for printed materials CPD credit: 20 credits
Oct. 9 | Registration 7:30 a.m. Program 8 – 10 a.m. WICPA Professional Development Center, Waukesha
Breakfast Programs
insights for the small tax practitioner. You’ll leave feeling less overwhelmed and knowing you’re not alone in confusion and invigorated for the tax season ahead. NOTE: The registration fee for this program includes a Master Tax Guide.
58
Registration: $129 member | $149 nonmember $119 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 4 credits
and employees at all levels while, at the same time, shielding themselves from potentially devastating liability. Registration: $50 member | $60 nonmember $45 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits April 22, 2020 | Registration 7:30 a.m. Program 8 – 10 a.m. WICPA Professional Development Center, Waukesha
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Feb. 12, 2020 | Registration 7:30 a.m. Program 8 – 10 a.m. WICPA Professional Development Center, Waukesha
Ethical Problems, Thoughts & Possible Answers for a 2020 World (WBP04) Edward H. Rueter, CPA, Senior Auditor,
Excel Tips, Tricks & Shortcuts (WBP02) Jennifer Buchholz, Founder & Lead
Explore ethical topics and issues including emerging trends and longstanding discussions through the lens of the current and future business climate. As business continues to evolve, so do the ethical discussions that drive good business practices and organizational management.
Trainer, Excel & Flourish.
When was the last time you took a refresher on all the latest changes to Excel? See some of the newest tricks in Excel to help you deliver better data to make better decisions. Registration: $50 member | $60 nonmember $45 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits March 11, 2020 | Registration 7:30 a.m. Program 8 – 10 a.m. WICPA Professional Development Center, Waukesha From C-Suite to Shop Floor: Persisting Harassment Issues and How Best to Protect Your Business & Your Brand (WBP03) Sally A. Piefer, Esq., Partner, Lindner & Marsack, S.C
While the law has not changed, the climate and circumstances have. Employers need to have robust anti-harassment policies and training and be prepared to conduct prompt and thorough investigations. This session will provide employers with the tools they need to protect owners
CliftonLarsonAllen LLP
NOTE: This course qualifies for 2 credits toward the WICPA membership Ethics CPD requirement.
Registration: $50 member | $60 nonmember $45 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits May 20, 2020 | Registration 7:30 a.m. Program 8 – 10 a.m. WICPA Professional Development Center, Waukesha Compliance & Security: The Venn Diagram You Never Knew You Wanted to Understand (WBP05) Adam Perella, CISSP, QSA, PA-QSA, QSA-P2PE, PA-QSA-P2PE, Senior Managing Consultant, Sikich LLP
Compliance assessments involve many security baselines and best practices, but building security for compliance can lead to pitfalls. Understand how these
two concepts overlap and diverge, and find out how to be secure and meet compliance obligations. We will also review how targets of cyberattacks are chosen, what information is valuable and how to lower the risk of an attack. Registration: $50 member | $60 nonmember $45 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
WAUSAU
Breakfast Programs Oct. 25 | Registration 7:30 a.m. Program 8 – 10 a.m. Northcentral Technical College Center for Business & Industry, Wausau Wisconsin Tax Update (WSBP10) Tricia Nielsen, CPA, CVA, Principal, CliftonLarsonAllen LLP Brad Sweet, Senior Accountant, CliftonLarsonAllen LLP
The presentation will discuss important Wisconsin updates to individual and business taxation, tax law changes and reminders, and lessons learned from the 2018 tax filing season. An update on recent Wisconsin tax court cases will also be included. Registration: $45 member | $55 nonmember $40 retired, part-time, unemployed/ leave-of-absence $10 additional for printed materials CPD credit: 2 credits
Seminars l Accounting & Auditing
ACCOUNTING & AUDITING Sept. 10-11 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Audit Skills Training Level 1: New Auditors (1AUD) Jeffrey Lieman, CPA, CFE, President, Lieman Associates LLC
NOTE: This course qualifies for 4 credits toward the WICPA membership Ethics CPD requirement.
Registration: $579 member | $629 nonmember $479 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid by Aug. 10 Level of knowledge: Beginning CPD credit: 16 credits Developed by: Surgent McCoy CPE, LLC Sept. 11 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Baker Tilly, 2201 E. Enterprise Ave., Suite 100, Appleton U.S. GAAP: Review for Business & Industry (FASBI) Joann Noe Cross, PhD, CPA, CMA, CGFM, CGMA, Professor of Accounting, University of Wisconsin-Oshkosh
Which FASB Accounting Standards Updates become effective in the next year and beyond? How should the new
Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Aug. 11 Level of knowledge: Update CPD credit: 8 credits Developed by: AICPA Sept. 17 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Nov. 19 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Northcentral Technical College Center for Business & Industry, Wausau Dec. 3 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Viterbo University, La Crosse Compilations, Reviews & Preparations: Engagement Performance & Annual Update (CRAU), (CRAU2) & (CRAU3) Joann Noe Cross, PhD, CPA, CMA, CGFM, CGMA, Professor of Accounting, University of Wisconsin-Oshkosh
This program will provide preparation, compilation and review practitioners and their staff with a comprehensive review and hands-on application for performing financial statement preparation,
compilation and review engagements. Learn the ins and outs of SSARS No. 21, Clarification and Recodification, and explore changes that have occurred with the issuance of SSARS Nos. 22 and 23 with regard to compilation of pro forma financial information engagements, engagements on prospective financial information, and other areas relevant to SSARS No. 21 engagements. Lastly, the course will perform a detailed review of the key provisions of the recently issued SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services – 2018. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid 30 days prior to program Level of knowledge: Update CPD credit: 8 credits Developed by: Surgent McCoy CPE, LLC Sept. 18 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Sept. 26 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Northcentral Technical College Center for Business & Industry, Wausau Dec. 9 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Staybridge Suites Eau Claire-Altoona, Altoona Annual Update for Accountants & Auditors (AUAA), (AUAA2) & (AUAA3) Joann Noe Cross, PhD, CPA, CMA, CGFM, CGMA, Professor of Accounting, University of Wisconsin-Oshkosh
Keep abreast of the fast-paced changes in accounting and auditing. This comprehensive course covers relevant pronouncements, exposure
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Level 1 focuses on the basic skill sets new staff need to “hit the ground running.” The course explains the basics of what new auditors are expected to know and do, including the nature, timing and extent of common audit procedures; why certain procedures are performed and how to perform typical procedures expected of new staff. It will establish the groundwork for the expectation that all staff should critically analyze and understand the underlying purpose of procedures, as well as how to effectively and efficiently complete assigned tasks.
guidance be applied? This course helps to answer those questions by addressing GAAP financial accounting and reporting topics in conjunction with an overview of recent FASB pronouncements. Applicable to a broad cross-section of CPAs, this course is a must for CPAs in business and industry. You’ll learn how to assess new and recent FASB guidance having a major effect on all industries and gain an understanding of the latest pronouncements, exposure documents and how to develop implementation strategies.
Seminars l Accounting & Auditing
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drafts and other guidance recently issued in the accounting, auditing, review, compilation and preparation engagement arenas. Let us sort through the complexities and help you identify and apply recently issued FASB, PCAOB, ARSC and ASB standards and guidance. With the rate of change in today’s regulatory environment, you must stay current on the topics impacting the profession: Don’t get left behind!
Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid by Aug. 27 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: Surgent McCoy CPE, LLC
techniques and challenges. Strengthen your knowledge and learn the mustknow industry insights that will keep your clients or restaurant running efficiently, effectively and profitably. Discover how to get labor costs under control, make smarter purchasing decisions, take advantage of unique restaurant tax deductions, maximize profits in a challenging economy and much more.
Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid 30 days prior to program Level of knowledge: Update CPD credit: 8 credits Developed by: AICPA
Oct. 4 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Cambria Hotel Madison East, Madison
Registration: $325 member | $375 nonmember Level of knowledge: Intermediate CPD credit: 8 credits Developed by: Minnesota Society of CPAs
Sept. 27 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. KerberRose S.C., 487 Riverwood Lane, Green Bay FASB’s “Big 3” New Standards: Revenue Recognition, Leases & Financial Instruments (FSBT) Joann Noe Cross, PhD, CPA, CMA, CGFM, CGMA, Professor of Accounting, University of Wisconsin-Oshkosh
Designed for practitioners and their staff, whether in public accounting or business and industry, this course provides a comprehensive review and update of the FASB’s Big 3 accounting and reporting areas: revenue recognition, leases and financial instruments. We will focus on recently issued Accounting Standards Updates, covering these critical areas of your practice or organization. We will analyze the Big 3, which have a major effect on all industries, using examples and illustrations to provide a hands-on approach that will help you better assess and implement the new standards and guidance.
Annual Update & Practice Issues for Preparation, Compilation & Review Engagements (CORU) Bruce A. Nunnally, CPA, Partner, Carr, Riggs & Ingram, LLC
This program will enable attendees to be in compliance with the professional standards surrounding engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARSs). A practice-oriented review of the latest developments, cases and lively discussion among the experienced participants make this class informative and practical. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Sept. 4 Level of knowledge: Update CPD credit: 8 credits Developed by: AICPA Oct. 17 Program 8:30 a.m. – 4:30 p.m. Live Webinar Restaurant Accounting & Controls (WMREST)
Michael Reis, Senior Business Management Consultant, Restaurant Seminar Institute
The restaurant industry has unique accounting procedures, pricing
Oct. 17-18 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Audit Skills Training Level 2: Staff Accountant (2AUD) Robert Wayne Wells, CPA, CFE, Principal, Blankenship CPA Group, PLLC
Level 2 prepares less-experienced staff for assuming a greater level of responsibility on engagements. Once staff have “gotten their feet wet” by participating on a few engagements, this course will help auditors thoughtfully reflect on their experiences and take basic knowledge to the next level. This course will include many reallife case studies for common audit areas assigned to staff in the first year. Registration: $579 member | $629 nonmember $479 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid by Sept. 17 Level of knowledge: Beginning CPD credit: 16 credits Developed by: Surgent McCoy CPE, LLC
wicpa.org/CPDcatalog
Oct. 28-29 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Audit Skills Training Level 3: Experienced Staff (3AUD) Carl Shultz, MBA, CPA, CGMA, Managing Director, CFS Consulting, LTD.
Registration: $579 member | $629 nonmember $479 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid by Sept. 28 Level of knowledge: Intermediate CPD credit: 16 credits Developed by: Surgent McCoy CPE, LLC Nov. 12 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Holiday Inn Madison at The American Center, Madison Construction Contractors Advanced Issues (CCAI) Dale Ruther, CPA, CIT, CDS, CCIFP, Partner, Bober Markey Fedorovich
The construction industry comes with many advanced accounting issues, audit procedures and tax issues, which makes construction contractor engagements inherently higher risk than other engagements. Practitioners and financial professionals must be prepared to address difficult issues, such as look-back calculations, measuring progress of contracts, overhead allocations and internal controls for construction contractors.
Applying Professional Skepticism in an Audit (CL4PSKEP) George A. Heyman, CPA, CGMA, MAS, MBA, Professor Emeritus of Accounting &
Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by by Oct. 12 Level of knowledge: Advanced CPD credit: 8 credits Developed by: AICPA
Audit inspection reports have identified issues about the level and consistency of professional skepticism being applied in audits. The complexity of transactions and markets continues to increase, requiring auditors and managers to use more professional judgment during audit engagements. This interactive course will provide an overview of professional skepticism, including what it is and why it is important in audit engagements. Featuring case studies to teach the content and concepts, this course will help participants gain knowledge about how to apply professional skepticism and techniques to enhance the use of professional skepticism in their own practice.
Nov. 14-15 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Audit Skills Training Level 4: In-Charge (4AUD)
James M. Sausmer, CPA, ABV, CVA, Consultant, James M. Sausmer, CPA
Level 4 focuses on building upon an auditor’s technical experience to identify and resolve complex accounting and financial reporting issues and introduces improving people and project management. This course will teach the skills necessary to improve the firm’s profitability and ability to deliver high-quality audits for more complex engagements. Registration: $579 member | $629 nonmember $479 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid by Oct. 14 Level of knowledge: Intermediate CPD credit: 16 credits Developed by: Surgent McCoy CPE, LLC Nov. 15 | Registration noon Program 12:30 – 4 p.m. KerberRose S.C., 487 Riverwood Lane, Green Bay
Economics, Oakton Community College
Registration: $269 member | $319 nonmember $219 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials Level of knowledge: Beginning CPD credit: 4 credits Developed by: AICPA Dec. 2 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Baker Tilly, 2201 E. Enterprise Ave., Suite 100, Appleton Leases: Mastering the New FASB Requirements (LEAS) Joann Noe Cross, PhD, CPA, CMA, CGFM, CGMA, Professor of Accounting, University of Wisconsin-Oshkosh
How do the leasing requirements in the new standard differ from current GAAP? This course examines the core principles of the new standard, with examples to illustrate its application. Learn about the lessee accounting model, including lease classification, amortization of the right-of-use asset and interest on the lease liability. We’ll also discuss
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Level 3 focuses on transitioning staff auditors to performing more complex audit procedures and assuming more responsibilities related to handling financial reporting issues. This course builds on the technical experiences of auditors to introduce them to the tips and techniques necessary to assume responsibility on larger engagements with increased audit risk, including considering audit report modifications.
Explore some of the most pervasive issues in the construction industry and how to identify and manage risks inherent in construction contractor engagements.
Seminars l Accounting & Auditing
the lessor accounting model, including transfer of risk, profit recognition and collectability. Additional topics include short-term leases, purchase options, variable lease payments, and sale and leaseback transactions.
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Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by by Nov. 2 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: AICPA Dec. 5 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Northcentral Technical College Center for Business & Industry, Wausau Accounting & Auditing Update for Small Businesses (SMBZ) Michael J. Hamilton, CPA, ABV, CFF, CTP, President, Hamilton Valuation Services
Geared toward practitioners who provide accounting and auditing services to small businesses, this course updates you on the new accounting, auditing, compilation, preparation and review standards, as well as other professional guidance that impacts small businesses and their auditors. Materials include practical applications of the topics covered to help you understand and apply the standards to real-life scenarios. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by by Nov. 5 Level of knowledge: Update CPD credit: 8 credits Developed by: AICPA
Dec. 17 | Registration 8 a.m. Program 8:30 a.m. – noon WICPA Professional Development Center, Waukesha Annual FASB Update & Review (FUR4) Joann Noe Cross, PhD, CPA, CMA, CGFM, CGMA, Professor of Accounting, University of Wisconsin-Oshkosh
Designed for practitioners and their staff in public accounting, business and industry, this course provides an overview of recent FASB accounting and reporting developments. Review recent Private Company Council (PCC) activities and recently issued Accounting Standards Updates (ASUs), analyzing guidance that has a major effect on all industries, including those covering revenue recognition and leases. Special attention is given to standard-setters’ activities that affect small and medium-sized entities. Examples and illustrations provide hands-on application to help you assess and implement the new standards and guidance applicable to your practice and clients. Registration: $269 member | $319 nonmember $219 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials Level of knowledge: Intermediate CPD credit: 4 credits Developed by: Surgent McCoy CPE, LLC June 3, 2020 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Audits of 401(k) Plans (AFKP) Joann Noe Cross, PhD, CPA, CMA, CGFM, CGMA, Professor of Accounting, University of Wisconsin-Oshkosh
Since 401(k) plans make a popular option for employee benefit plans, auditors of employee benefit plans must have the proper skills to audit them effectively. You will work through how to audit
a 401(k) plan and prepare financial statements that satisfy ERISA and SEC requirements. You will tap into ways to plan and conduct 401(k) audits more efficiently and effectively and understand the differences between 401(k) audits and other employee benefit plan audits. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered by May 3, 2020 Level of knowledge: Beginning CPD credit: 8 credits Developed by: AICPA
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CPD On-Demand by WICPA allows you to virtually attend our most popular CPD programs at your convenience. Benefits of CPD On-Demand include: • Receive CPD credits. • Watch 24/7 with an internet connection. • Access the most popular WICPA conferences.
• Download a PDF of the presentation materials. • Receive special WICPA member pricing starting as low as $39.
To watch CPD On-Demand by WICPA, visit wicpa.org/OnDemand
Seminars l Ethics
ETHICS NOTE: These courses qualify for credit toward the WICPA membership Ethics CPD requirement.
Oct. 25 | Registration 8 a.m. Program 8:30 a.m. – noon WICPA Professional Development Center, Waukesha Cases in Corporate Ethics: Real-Life Conflicts (CCE) John L. Daly, MBA, CPA, CMA, CPIM, 64
President & CEO, Executive Education, Inc.
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Join this lively discussion on real-world ethical dilemmas with eight cases drawn from real-life business conflicts involving corporate financial managers. Registration: $269 member | $319 nonmember $219 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials Level of knowledge: Intermediate CPD credit: 4 credits Developed by: Executive Education, Inc. Nov. 15 | Registration 8 a.m. Program 8:30 a.m. – noon KerberRose S.C., 487 Riverwood Lane, Green Bay Ethics & Professional Conduct: Updates & Practical Applications (CL4GRE) George A. Heyman, CPA, CGMA, MAS, MBA, Professor Emeritus of Accounting & Economics, Oakton Community College
In this course, you will receive timely updates and a refresher on the AICPA Code of Professional Conduct, including the conceptual framework and independence provisions for nonattest services, personal independence and other critical matters. We will review the basic tenets of ethical and professional conduct, including the principles upon which the code rests, why the code is necessary and how it is organized.
Registration: $269 member | $319 nonmember $219 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials Level of knowledge: Beginning CPD credit: 4 credits Developed by: AICPA Dec. 17 | Registration noon Program 12:30 p.m. – 4 p.m. WICPA Professional Development Center, Waukesha Ethical Considerations for CPAs (ETH4) Joann Noe Cross, PhD, CPA, CMA, CGFM, CGMA, Professor of Accounting,
ATTENTION!
University of Wisconsin-Oshkosh
CPAs today face greater challenges than ever to maintain the high ethical standards of their profession. This course provides a framework within which to consider the ethical challenges facing CPAs and focuses on ethical requirements that CPAs must adhere to in their everyday practice. The session includes practical examples of potential ethical dilemmas that practitioners may encounter. Registration: $269 member | $319 nonmember $219 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials Level of knowledge: Intermediate CPD credit: 4 credits Developed by: Surgent McCoy CPE, LLC
THE CURRENT CPD REPORTING PERIOD ENDS DEC. 31, 2019 Reporting Period: Jan. 1, 2018 – Dec. 31, 2019 CPD Requirement: 80 total CPD credits Ethics Requirement: 3 Ethics CPD credits
Visit wicpa.org/CPD for more information about CPD requirements.
Seminars l Financial Planning
FINANCIAL PLANNING Oct. 23 | Registration 7:30 a.m. Program 8 a.m. – noon Best Western Premier Bridgewood Resort Hotel, Neenah Annual Retirement Plan Investment Seminar (401K2) James Marshall, Chairman/Ambassador/
President, Strategic Markets, Hartford Funds Bayley Davis, Director, Senior Portfolio Specialist, ClearBridge Investments Craig Schiefelbein, Chief Observation Officer, Observation Tower
Join these financial executives for a discussion of retirement plan trends, rethinking the way you prepare for retirement and timely market and economic insights. Craig Schiefelbein, motivational speaker and chief observation officer at Observation
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WICPA Sponsorships wicpa.org/sponsor
Tower, will discuss strategies for building purpose and legacies that matter inside your organization. He will inspire employees to realize their own roles in driving organizational success. Registration: $25 member | $25 nonmember Level of knowledge: Update CPD credit: 4 credits Developed by: Spectrum Investment Advisors, Inc.
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Founder, Spectrum Investment Advisors, Inc. Jonathan Marshall, MBA, Chief Investment Officer/Partner, Spectrum Investment Advisors, Inc. Manuel Rosado, MBA, AIF, President/ Partner, Spectrum Investment Advisors, Inc.
John Diehl, CFP, CLU, ChFC, Senior Vice
Seminars l Government & Nonprofit
GOVERNMENT & NONPROFIT
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Sept. 13 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha
Oct. 10 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha
The New Yellow Book: Government Auditing Standards 2018 Revision (YBRV) Bruce Shepard, CPA, MBA, Independent
Real-World Fraud Found in Governments & Not-for-Profits (RFGN) Marc E. Filer, CPA, ABV, CFF, CFE, MBA,
Consultant, AICPA
Director, Forensic Services, PwC
This course is based on Government Auditing Standards 2018 Revision, which is effective for financial audits of fiscal years ending on or after June 30, 2020. The 2018 revision serves as an excellent baseline of information for accountants as it relates to understanding the guidance in the new Yellow Book and provides detailed information regarding auditor independence. It is essential that all auditors planning and conducting engagements in accordance with the new Yellow Book understand and are able to discern the requirements related to independence because those independence standards are effective for fiscal years beginning July 1, 2019.
Through a comprehensive learning approach using examples and informative case studies, learn about real-world government and not-forprofit fraud, including cyberfraud, and your responsibilities when dealing with fraud. Since recognizing fraudulent or deceptive practice is not always easy, this course will highlight frauds headlining today’s news and sharpen your forensic skills with techniques to help identify behavioral tendencies which may lead to fraudulent activity.
Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Aug. 13 Level of knowledge: Beginning CPD credit: 8 credits Developed by: AICPA
Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Sept. 10 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: AICPA Oct. 24 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Viterbo University, La Crosse Governmental & Not-for-Profit Annual Update (GNAU) Robin Scott, CPA, CGMA, Director, Thomas & Thomas, LLP
Change is inevitable and, at times, overwhelming if you are unprepared. Ensure you are current in governmental and not-for-profit accounting and auditing. This update course is designed to prepare you for
TRACK YOUR CPD WITH THE WICPA’S CPD TRACKER The CPD Tracker is an easy to use tool created to keep track of all your CPD in one convenient location. • Automatically tracks WICPA formal learning activities • Add any non-WICPA CPD courses • Print reports for any reporting period To get started, visit wicpa.org/CPDtracker
wicpa.org/CPDcatalog
the latest accounting and auditing developments affecting governments and not-for-profit organizations.
Nov. 22 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Viterbo University, La Crosse
Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Sept. 24 Level of knowledge: Update CPD credit: 8 credits Developed by: AICPA
Not-for-Profit Financial Reporting: Mastering the Unique Requirements
Preparing Not-for-Profit Financial Statements Under ASU No. 2016-14 (ENFP) Jeffrey Lieman, CPA, CFE, President, Lieman Associates LLC
ASU No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, is the most significant not-forprofit reporting standard in more than 20 years, and it is now fully effective. To properly implement the new financial reporting model, professionals must have a strong working knowledge of the new requirements. This course explains the new requirements, illustrates how the requirements manifest themselves in the financial statements and clarifies key options that not-for-profits have for implementing the requirements. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid by Oct. 13 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: Surgent McCoy CPE, LLC
James Buckley, CPA, MSF, Independent Consultant
Do you know what makes not-for-profit accounting and financial reporting different? Through a combination of practical guidance and case studies, this course provides insight into what makes not-for-profit entities different. You will also receive guidance on FASB’s new financial statement standard, which will have a major impact on the financial reporting for not-for-profit entities and allow you to clear the hurdles in an efficient and effective manner. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Oct. 22 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: AICPA
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Register at least 30 days prior:
$50 OFF
Conferences
$50 OFF Seminars
Applies to programs over 8 hours.
wicpa.org/CPDcatalog See specific event registration for details, or call and ask for the WICPA CPD Department at 262-785-0445.
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Nov. 13 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha
(NFPF)
Seminars l Management & Emerging Professionals
MANAGEMENT & EMERGING PROFESSIONALS Sept. 6 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Annual Update for Controllers (SKSB) James T. Lindell, CPA, CSP, CGMA, MBA, 68
President, Thorsten Consulting Group, Inc.
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Strengthen your abilities as a controller and help your management team understand current economic issues through the latest trends in accounting, finance, HR, treasury management and business systems. We’ll discuss leading-edge topics in managerial accounting and finance. You’ll gain useful tips and practical guidance you can apply immediately. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Aug. 6 Level of knowledge: Update CPD credit: 8 credits Developed by: AICPA Sept. 12 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Enterprise Risk Management: New Approaches for Today’s Complexities (RMGT)
Bruce Shepard, CPA, MBA, Independent Consultant, AICPA
New approaches to enterprise risk management are emerging. Revisions to COSO and ISO31000 share the ambition to integrate risk management into all aspects of the organization’s
activities and emphasize the importance of developing a risk culture that aligns with the organization’s values and ability to handle complexity. This course will address these new approaches, including recent updates to COSO and ISO frameworks, and focus on managing risk in increasingly complex business environments. Core tenets of strategy development, risk culture and performance management will be covered to help practitioners implement best practices in enterprise risk management. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Aug. 12 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: AICPA Oct. 3 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Finance Business Partnering: The Essentials (FBPB) James T. Lindell, CPA, CSP, CGMA, MBA, President, Thorsten Consulting Group, Inc.
Build on your current knowledge and experience to help successfully navigate and drive value for your business during a time of disruptive, technology-led change. Learn how to stay relevant and future-focused while building your competencies in critical areas, including communication, influencing and business acumen. This course also delivers strategies and best
practices to support your ability to enable strategic decisions designed to drive business forward. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Sept. 3 Level of knowledge: Beginning CPD credit: 8 credits Developed by: AICPA Oct. 8 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Baker Tilly, 2201 E. Enterprise Ave., Suite 100, Appleton Advanced Controller & CFO Skills (ACCS) James T. Lindell, CPA, CSP, CGMA, MBA, President, Thorsten Consulting Group, Inc.
This course examines best practices of leading-edge controllers and CFOs. Demonstrate the advanced skills that add value and contribute to the success of your organization. You will learn specific skills every CFO or controller needs to be successful, and you will find that you suddenly have more power and influence than you ever thought possible. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Sept. 8 Level of knowledge: Advanced CPD credit: 8 credits Developed by: AICPA
wicpa.org/CPDcatalog
Oct. 24 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Succeeding as a Corporate Executive (SCE)
John L. Daly, MBA, CPA, CMA, CPIM, President & CEO, Executive Education, Inc.
Oct. 25 | Registration noon Program 12:30 – 4 p.m. WICPA Professional Development Center, Waukesha
just as they become productive? If you think your turnover is because millennials are different from earlier generations, you probably are not looking at the real source of your problem. Learn the changes you should make now! Registration: $269 member | $319 nonmember $219 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials Level of knowledge: Intermediate CPD credit: 4 credits Developed by: Executive Education, Inc.
Staff Retention: Attract & Keep the Best People (SR) John L. Daly, MBA, CPA, CMA, CPIM, President & CEO, Executive Education, Inc.
Does it seem like you spend too much time recruiting? Do your people leave
TRACK YOUR CPD WITH THE WICPA’S CPD TRACKER The CPD Tracker is an easy to use tool created to keep track of all your CPD in one convenient location. • Automatically tracks WICPA formal learning activities • Add any non-WICPA CPD courses • Print reports for any reporting period
To get started, visit wicpa.org/CPDtracker
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While technical skills may get you promoted to an executive level, they will not keep you there for long if you don’t have the maturity, reasoning and people skills required to perform at a top level. The World Economic Forum’s Future of Jobs Report lists 10 key skills that you will need for 2030. This course will help build your skills in four of them: managing people, principled negotiations, critical thinking for financial professionals and team building.
Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid by Sept. 24 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: Executive Education, Inc.
Seminars l Taxation
TAXATION Sept. 23 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Staybridge Suites Eau Claire-Altoona, Altoona
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Handbook for Mastering Basis, Distributions & Loss Limitation Issues for S Corporations, LLCs & Partnerships (HMBI) Don P. Cochran, JD, CPA, CFP, CRC, Sole Practitioner, Don Paul Cochran, JD, CPA
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The most difficult concepts to master when dealing with flow-through business entities are the basis and distribution concepts. Major error and malpractice issues occur if the CPA does not fully understand the impact of these rules. This course is designed to focus on their practical applications. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid by Aug. 23 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: Surgent McCoy CPE, LLC Sept. 24 Program 8:30 a.m. – 4 p.m. Live Webinar Farm Tax Update (WMFTR) Paul Neiffer, CPA, Principal, CliftonLarsonAllen LLP
Learn how to handle the latest tax legislation, income and deduction items affecting your agriculture clients, including the impact of tax reform. We will discuss current tax issues impacting farmers and ranchers as you learn from a seasoned practitioner who works within the nuances of this specialized industry.
Registration: $325 member | $375 nonmember Level of knowledge: Update CPD credit: 8 credits Developed by: Minnesota Society of CPAs Sept. 26 | Registration 8 a.m. Program 8:30 a.m. – noon WICPA Professional Development Center, Waukesha Four Tiers of Loss Limitations: A Guide to the New Rules for Pass-Through Entities (FTL4) Rick J. Taylor, CPA, MST, Federal Tax Consultant
Owners of S corporations and partnerships are subject to numerous limitations on pass-through losses, each with unique rules, applications and complexities. With the increase in popularity of pass-through business entities, it is essential for CPAs to understand the complexities and interactions of these pass-through loss limitations. Understand the hierarchy of the loss limitations with examples of the application of the four tiers of losses and how they interact. Registration: $269 member | $319 nonmember $219 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials Level of knowledge: Intermediate CPD credit: 4 credits Developed by: Surgent McCoy CPE, LLC Sept. 26 | Registration noon Program 12:30 – 4 p.m. WICPA Professional Development Center, Waukesha Section 199A: Applications & Challenges in 2019 (AIG4) Rick J. Taylor, CPA, MST, Federal Tax Consultant
Section 199A is easily the leastunderstood topic of the Tax Cuts and Jobs Act. Your clients will look to you for explanations and best practices to maximize the 20% deduction. Pass-through entities and real estate investors stand to gain valuable tax cuts, and the average practitioner cannot afford to be uninformed on Section 199A. Discussion will cover all relevant facets and nuances of the deduction, enable implementation for tax returns and provide IRS-issued guidance. Registration: $269 member | $319 nonmember $219 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials Level of knowledge: Update CPD credit: 4 credits Developed by: Surgent McCoy CPE, LLC Oct. 21 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Securing a Comfortable Retirement in the Age of Spending (SCRT) Neil Brown, CPA, CFP, Wealth Manager, Burkett Financial Services, LLC
Gain the knowledge to help your clients plan for retirement by evaluating how much retirement income they will require and planning for how to reach their retirement goals. Understand how to build the three-legged retirement stool— employer retirement, savings and Social Security—and how to develop Plan B when the ideal retirement goal is not achievable. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials
wicpa.org/CPDcatalog
$50 early bird discount if registered and paid by Sept. 21 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: Surgent McCoy CPE, LLC Oct. 22 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Individual & Financial Planning Tax Camp (IFCP) Neil Brown, CPA, CFP, Wealth Manager, Burkett Financial Services, LLC
Nov. 4 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Staybridge Suites Eau Claire-Altoona, Altoona
Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Sept. 23 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: AICPA
Expansion Consulting Services, LLC
Oct. 28 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Viterbo University, La Crosse Annual Tax Update: Corporations & Pass-Through Entities (ATCP) Bruce Nelson, MA, CPA, Editor-in-Chief, Journal of State Taxation
Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid by Sept. 22 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: Surgent McCoy CPE, LLC
Find out about the latest federal tax law changes, court decisions and IRS pronouncements related to partnerships, LLCs, and C and S corporations. We will identify ways to integrate the latest tax law changes into planning and compliance engagements and help you provide more value-added services to your clients. Tax laws are complex and everchanging, so don’t miss this course.
Oct. 23 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Northcentral Technical College Center for Business & Industry, Wausau
Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Sept. 28 Level of knowledge: Update CPD credit: 8 credits Developed by: AICPA
Cut Your Client’s Tax Bill: Individual Tax Planning Tips & Strategies (CYCT) Patrick D. Kelley, CPA, Sole Practitioner, Patrick D. Kelly, CPA
Make sure your clients are protecting themselves from higher taxes. Learn the latest techniques for building and
Individual Income Taxation: Practical Tax Return Guidance for Your Upcoming Tax Season (IIT) Elizabeth Bystrom, CPA, Director, The AICPA’s individual tax workshop provides the latest practical insights from nationally recognized tax experts. Reinforce your understanding of frequently used principles and receive a wealth of tax-planning tips and strategies. Learn how to apply the latest tax law changes and advise clients on new developments and tax-saving ideas. Arm yourself with the latest tax guidance as you enter the upcoming tax season. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Oct. 4 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: AICPA Nov. 14 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Stoney Creek Hotel & Conference Center, Onalaska Nov. 21 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. KerberRose S.C., 487 Riverwood Lane, Green Bay Dec. 4 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Tax Advisors Update (PTU), (PTU2) & (PTU3) Terri M. Lillesand, CPA, Tax Principal, CliftonLarsonAllen, LLP
The Tax Advisors Update team has pored over tax cases, rulings and
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Each year brings its own set of taxplanning challenges, and this year is no exception. This course aims to arm tax planners with planning strategies and ideas that wealthy clients, middleincome clients and closely held business owners need to consider right now to take advantage of present opportunities and plan for future tax advantages. Learn strategies that can really have an impact on clients’ lives, while also bringing value to you and your firm.
conserving wealth through proactive tax-planning and investment strategies. Completely updated for tax law changes, this course will bring you up to date on the latest strategies to preserve your clients’ wealth and ensure your role as trusted advisor to your clients.
Seminars l Taxation
regulation projects of the past year so you don’t have to. Explore critical federal tax developments affecting individuals and businesses, and learn about practical new planning opportunities and defensive tactics. It’s a strategy-packed tax course created by tax professionals, for tax professionals. Plus, come away with a robust reference manual full of examples, practice aids and tax tables that will save you time during tax season and beyond. 72
NOTE: This program is approved for 7.5 CLE credits.
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Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid 30 days prior to the program Level of knowledge: Update CPD credit: 8 credits Developed by: CliftonLarsonAllen LLP Nov. 18 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Holiday Inn Madison at The American Center, Madison Reviewing Pass-Through Tax Returns: What Are You Missing? (RPTR) Stephen L. Renberg, CPA, Manager of Tax Department, Olsen, Hendricks & Company, CPA’s
Join us as we discuss common errors often missed by review staff. To help them sharpen their skills, we will examine case studies and discuss issues where additional information from the client may be warranted as well as areas of tax law where proper treatment requires additional analysis and information. Multiple issues will be discussed, and both partnership and S corporation returns will be covered. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence
$30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Oct. 18 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: AICPA
important tax implications. This course explores the hottest tax-planning topics that will impact you and your clients. These are areas of income taxation that can change every year and affect many of your clients. Learn how to better advise them by offering the latest tax-saving strategies.
Nov. 22 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha
Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Nov. 2 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: AICPA
Slashing Taxes for Your Small Business Clients: Corporations, Partnerships & LLCs (STSB) Stephen L. Renberg, CPA, Manager of Tax Department, Olsen, Hendricks & Company, CPA’s
Solid tax-planning strategies are essential for your corporate and small business clients. Join us as we explore state-of-the-art planning ideas and taxsaving strategies to keep more of your clients’ money in their pockets. We’ll answer the tough questions and show you what strategies are best for your clients as a result of the most recent tax reform. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $30 AICPA member discount $25 additional for printed materials $50 early bird discount if registered and paid by Oct. 22 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: AICPA Dec. 2 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Cambria Hotel Madison East, Madison Hottest Tax Topics (HOT) Jonathan S. Ingber, CPA, LLB, MST, Tax Memoranda Preparer, Kwal + Oliva
We can always count on important new tax developments and economic, social and demographic trends with
Dec. 9 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha The Best Individual Income Tax Update (BITU) Scott Emerson, EA, Independent Consultant
This highly informative course comprehensively covers all the latest tax law developments. The focus is on individual taxation and discussion of the planning opportunities practitioners need to understand to help clients respond effectively. Walk away with up-to-date knowledge to educate your individual tax clients and implement tax-saving ideas that will serve their ever-evolving needs. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid by Nov. 9 Level of knowledge: Update CPD credit: 8 credits Developed by: Surgent McCoy CPE, LLC
wicpa.org/CPDcatalog
Dec. 10 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. Holiday Inn Madison at The American Center, Madison Fiduciary Income Tax Returns: Form 1041 With Filled-in Forms (1041) Scott Emerson, EA, Independent Consultant
Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid by Nov. 10 Level of knowledge: Intermediate CPD credit: 8 credits Developed by: Surgent McCoy CPE, LLC Dec. 19 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha Form 1120S Boot Camp: Step-by-Step Preparation With Completed Forms (SUBS) Rick J. Taylor, CPA, MST, Federal Tax Consultant
The objective of this course is to train new, rusty or returning-to-practice staff to prepare a complicated federal Subchapter S Corporation tax return. Receive a chapter-by-chapter, handson approach to completing Form 1120S. As details are discussed within each chapter, information is provided
Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid by Nov. 19 Level of knowledge: Beginning CPD credit: 8 credits Developed by: Surgent McCoy CPE, LLC Dec. 20 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. KerberRose S.C., 487 Riverwood Lane, Green Bay The Best S Corporation, Limited Liability & Partnership Update (BCPE) Rick J. Taylor, CPA, MST, Federal Tax Consultant
This year, more than ever, practitioners need to keep abreast of tax changes affecting pass-through entities used by their business clients and employers. Discover invaluable knowledge, strategies, techniques, innovative tax-planning concepts, income-generating ideas and other planning opportunities available to S corporations, partnerships, LLCs and LLPs. The course is continually updated for developments. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid by Nov. 20 Level of knowledge: Update CPD credit: 8 credits Developed by: Surgent McCoy CPE, LLC
Jan. 10, 2020 Program 8:30 a.m. – 4 p.m. Live Webinar Tax Advisors Update (WMPTU3) Daniel Greenhagen, JD, LLM, Tax Manager, CliftonLarsonAllen LLP Mary Marino, CPA, CGMA, Principal, CliftonLarsonAllen LLP
Now that you’ve experienced a solid year (and a tax season) adjusting to tax reform changes, it’s time to get your bearings and really polish your tax strategies. This in-depth program will provide the updates and insights you need to do it well. Explore critical federal tax developments affecting both individuals and businesses as you learn about practical new planning opportunities and better defensive tactics. Plus, come away with a robust reference manual full of examples, practice aids and tax tables that will save you time during tax season and beyond. Registration: $325 member | $375 nonmember Level of knowledge: Update CPD credit: 8 credits Developed by: Minnesota Society of CPAs
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This course teaches the core concepts of trust and estate income tax preparation. It explains the common terminology and complicated income tax rules of estates and trusts and fiduciary accounting and provides an introduction to, or refresher on, preparing Form 1041. This practical manual is an excellent reference source for your practice and begins with quite simple cases. Building upon that base throughout the manual, the course ends with two complicated preparation cases, one trust and one estate, each with filled-in forms.
to prepare an intricate Form 1120S. The delivery is geared toward a basic understanding and progresses to more complex issues through a step-by-step preparation guide. This allows staff to discover the connections between a trial balance and a completed S corporation return, with a filled-in Form 1120S provided in the case solutions.
Seminars l Technology
TECHNOLOGY Oct. 30 | Registration 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha
Oct. 31 | Registration 8 a.m. Program 8:30 a.m. – noon WICPA Professional Development Center, Waukesha
Business Intelligence Featuring Microsoft’s Power BI Tools (BIF) Brian F. Tankersley, CPA, CITP, CGMA,
Emerging Technologies for Accountants: Blockchain & Cryptocurrencies (EMT-4) Brian F. Tankersley, CPA, CITP, CGMA,
Associate, K2 Enterprises 74 The Bottom Line | 2 0 1 9 E d i t i o n
In today’s business climate, business intelligence (BI) is perhaps the hottest topic in most professional circles. Learn how to implement “do-ityourself business intelligence” using a variety of techniques and tools. Work with some of the advanced data query and summarization features in Excel to create Excelbased dashboards, and discover how to leverage that knowledge to build even more powerful BI objects using Microsoft’s Power BI tools. If gaining greater insights into your data to make better decisions is of interest to you, then join us for a fast-paced look at how you can take advantage of these fantastic tools. Registration: $419 member | $469 nonmember $319 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials $50 early bird discount if registered and paid by Sept. 30 Level of knowledge: Advanced CPD credit: 8 credits Developed by: K2 Enterprises
Associate, K2 Enterprises
New and emerging technologies such as blockchain, cryptocurrency, big data, artificial intelligence and machine learning all offer great potential. This session will cover an assortment of technologies that are nearing mainstream adoption and help you understand what they do, how they work and some of the potential risks and rewards they offer potential users, particularly in business environments. Registration: $269 member | $319 nonmember $219 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials Level of knowledge: Intermediate CPD credit: 4 credits Developed by: K2 Enterprises Oct. 31 | Registration noon Program 12:30 – 4 p.m. WICPA Professional Development Center, Waukesha Securing Your Data: Practical Tools for Protecting Your Data (SEC-4) Brian F. Tankersley, CPA, CITP, CGMA, Associate, K2 Enterprises
Yesterday’s security techniques are not working to minimize today’s security threats. Learn about the latest tools and techniques for securing your data, including encryption, virus protection, secure communications, electronic signatures, secure authentication and more. You will also learn how to
implement a very practical, five-step approach to securing your PC and the types of questions you should be asking your staff to ensure serverbased information remains protected. Extensive demonstrations will be used to teach the techniques and concepts. Learn how you can implement viable and practical solutions to mitigate today’s security threats. Registration: $269 member | $319 nonmember $219 retired, part-time, unemployed/ leave-of-absence $25 additional for printed materials Level of knowledge: Intermediate CPD credit: 4 credits Developed by: K2 Enterprises
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THE CURRENT CPD REPORTING PERIOD ENDS DEC. 31, 2019 Reporting Period: Jan. 1, 2018 – Dec. 31, 2019 CPD Requirement: 80 total CPD credits Ethics Requirement: 3 Ethics CPD credits
Visit wicpa.org/CPD for more information about CPD requirements.
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ATTENTION!
CPD Requirements
CPD REQUIREMENTS What are the CPD membership requirements? a) A minimum of 20 CPD credits annually. b) 80 CPD credits, including 3 ethics credits, during each 2-year reporting period. 76
What is the current CPD reporting period?
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Jan. 1, 2018 — Dec. 31, 2019 What is the ethics requirement? A minimum of 3 ethics credits must be completed during each 2-year reporting period. Ethics credits must be obtained through a formal CPD activity that includes verification of participation. I joined in the middle of the year, do I still need to complete the full CPD requirement? New members do not need to complete the CPD requirements for the join year. However, members must complete a minimum of 40 credits the following year (if it is the 2nd year of the reporting period) including 3 ethics credits, or the full 80 credits, including 3 ethics credits, if the start of a new 2-year reporting period. Do I need to comply with the CPD membership requirement if I am a student or retired? Students do not need to comply with the CPD membership requirement until they move to Affiliate or CPA status. Retired members (working less than 1,000 hours per year) are not required to meet the CPD membership requirement.
What learning activities count toward CPD? Creditable CPD activities continue to include attending, listening to or presenting in-person and online lectures as well as formal independent study programs. Are CPD activities or providers required to be approved or accredited? No, CPD activities or providers are not required to be approved or accredited by the WICPA or any other organization. What are considered formal CPD activities? a) A learning activity will be recognized by the WICPA as formal if it meets the AICPA/NASBA Statement on Standards for Continuing Professional Education Programs, or if it 1) consists of a live lecture by a qualified instructor, 2) provides for the lecturesponsoring entity to register and retain a record of attendees, 3) includes a description of the content, and 4) provides for participant evaluation. b) A learning activity will also be recognized by the WICPA as formal if it meets the educational credit requirements of any other membership organization or regulatory body (such as a state bar association, a licensing agency of another state or the IRS). c) Formal learning activities may also include self-study, webinars and on-demand recordings with validation of participation (such as testing questions) and certificate of completion.
d) Members may continue to fulfill their CPD requirements through formal learning activities sponsored by a wide variety of organizations, including but not limited to the WICPA, the AICPA, other state CPA societies, other professional associations, colleges and universities and their own firms. What CPD activities are considered informal? Informal learning activities include, but are not limited to: a) Reading, listening to or writing books and articles. b) Performing independent research. c) Serving on boards, committees and task forces. d) Participating in mentor or coaching programs. e) Watching videos and listening to podcasts. Can I meet my CPD requirement with 100% formal or 100% informal credits? At least half of required CPD credits must be completed through formal CPD activities. All credits can be acquired through formal learning if desired. Ethics credits must be obtained through a formal CPD activity that includes verification of participation. How do I calculate CPD credits? Time-based CPD activities must be recorded using a minimum of 5-minute increments; 50 minutes is equivalent to 1 CPD credit.
How do I calculate CPD credits for formal activities? Many formal CPD activities already have a pre-determined number of credits where no additional calculation is needed. However, in situations such as attending a college course or program not assigned with a CPD credit value, the following formulas can be used for calculating the number of CPD credits: a) 1 credit semester courses = 15 CPD credits.
c) 1 Continuing Education Unit (CEU) = 10 CPD credits. d) Exam time does not count toward CPD credits. Additionally, instructors, discussion leaders or speakers who present a learning activity for the first time may receive CPD credit for actual preparation time up to two times the number of CPD credits to which participants would be entitled, in addition to the time for presentation, subject to regulations and maximums established by the state boards. For example, for learning activities in which participants could receive 8 CPD credits, instructors may receive up to 24 CPD credits (16 for preparation plus 8 for presentation). For repeat presentations, CPD credit can be claimed only if it can be demonstrated that the learning activity content was substantially changed, and such change required significant additional study or research. How do I calculate CPD credits for informal activities? For informal learning activities, rather than developing granular rules specifying CPD computation formulas to estimate competency enhancement achieved from every type of learning
What are the recordkeeping & reporting requirements? Each member must keep records of their CPD credits earned. The WICPA verifies compliance with CPD requirements by conducting audits of the records of randomly selected members. To be prepared for an audit, members should maintain detailed supporting records for a period of 3 years following the completion of the learning activity as described below for all CPD credits completed. Ultimately, the CPD credit claimed is the responsibility of the individual member. Each member may claim credit only for the learning activities he or she fully completed that increased his or her professional competence. Members may, and are encouraged to use the WICPA’s CPD Tracker to record both formal and informal CPD activities since this will simplify the process of recording for members and assist during a member compliance audit. Additionally, formal and informal learning activities held by the WICPA will be automatically added. How should members report their CPD credits? By paying dues, members are verifying that: 1. CPD requirements have been met. 2. Records and documents have been maintained that support the CPD compliance. 3. Records and documents may be audited. 4. Misrepresenting CPD compliance may result in publication of noncompliance and
misrepresentation, as well as classification as a member not in good standing. It may also result in termination of WICPA membership as well as reporting of misrepresentation to licensing authorities as an “act discreditable to the profession,” which could result in revocation of CPA certificate and license. Members may, and are encouraged to, use the WICPA’s CPD Tracker to record both formal and informal CPD activities since this will simplify the process of recording for members and assist during a member compliance audit. Additionally, formal learning activities held by the WICPA will be automatically added and certain qualifying informal (e.g., committee attendance and board service) activities will automatically be added. Do I have to track this information every year? Yes. WICPA members may be selected at random for an audit of CPD membership requirements and must submit a report of continuing professional development for the specified CPD reporting period. It is recommended that members maintain records for 3 years. What happens if I do not meet my CPD membership requirements? In the event CPD membership requirements are not met by the end of the CPD reporting period, please contact the WICPA CPD Department to request an extension. If an extension is not requested or membership CPD requirements are not met with an approved extension period, WICPA membership will be revoked.
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b) 1 credit quarter courses = 10 CPD credits.
activity, the WICPA Board decided to adopt a principles-based approach requiring each member to apply professional judgment in computing CPD credits for learning activities.
CPD Requirements
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Extension Period
Health
Any member who has not completed the required number of credits during a reporting period will be allowed the two months immediately following the period to make up the deficiency. Credits applied toward a deficiency during this two-month period may not be counted toward the annual minimum requirement of the CPD year in which they are taken. Furthermore, any CPD credit claimed during the two-month period to make up any deficiency for the preceding reporting period may not be counted toward the requirement for the reporting period in which they are taken.
The request should include the nature of the illness and the reason the illness prohibited fulfilling the CPD requirement.
If an unusual circumstance or unforeseen hardship has prevented a member from meeting CPD requirements, they may request a waiver for the current reporting year. Waiver requests will be reviewed on a case-by-case basis. Can I request a waiver for my CPD requirements? Members may request a waiver if they have been prohibited from fulfilling the CPD requirements for such reasons detailed below. Requests must be submitted in writing to the CEO of the WICPA. Requests will be reviewed on a case-by-case basis. If a waiver request is approved, one-half (40 CPD credits) of the CPD requirement for that reporting period will be waived. Members will still be responsible for completing the remaining 40 CPD credits required for that reporting period, including 3 ethics credits. Foreign Residency The request should include the country of residence, the name of the employer, the member’s principal duties and responsibilities, and the reasons foreign residency prohibited fulfilling the CPD requirement.
examinations for online programs, and so on.
The request should include the nature of the hardship and the reason it prohibited fulfilling the CPD requirement.
In addition, each of the 55 U.S. CPA licensing jurisdictions has its own unique CPD requirements, and many have adopted the AICPA/NASBA standards to varying degrees. The only similarity among the jurisdictions is that they all reference the general CPD requirement of 40 CPD credits per year (although reporting periods vary from 1 to 3 years), and one CPD credit earned for 50 minutes for timebased learning activities. In addition, CPAs performing attest services or government audits may be subject to separate Peer Review or Yellow Book CPD requirements.
How does this compare to the AICPA and other licensing jurisdictions requirements for CPD?
Is CPD required to renew a Wisconsin CPA license with the Department of Safety and Professional Services?
The updated WICPA CPD membership requirements described above are not the same as AICPA CPD membership requirements, Yellow Book CPD requirements, Peer Review CPD requirements, or the CPD requirements of CPA licensing jurisdictions outside Wisconsin that continue to apply the 1970s learning models that generally require 50-minute CPD time increments as well as lecture-based formal learning activities.
As of May 1, 2019, regulations providing details of Wisconsin’s mandatory CPD requirements for license renewal beginning in 2021 have not been promulgated.
Military Service The request should include the principal duties performed, where the member was stationed and the reason military service prohibited fulfilling the CPD requirement. Other Similar Reasons
The AICPA continues to follow the AICPA/NASBA Statement on Standards for Continuing Professional Education Programs which are still based primarily on lectures, 50-minute increments (with a few exceptions permitting 10-minute and 25-minute increments in some cases), independent verification and certification of participation, signed contracts for independent learning activities, requirements for courses to specify learning objectives and program level, formal course evaluation by participants, formal
Is the WICPA a registered sponsor with the IRS to receive credit related to PTIN (enrolled agent)? No, the WICPA is not an approved sponsor for CPD for enrolled agents.
CPD Registration FAQs
REGISTRATION FAQS What happens if I have to cancel my registration?
There are three easy ways to register: online, fax or mail. An email, phone number and full payment must accompany all registrations. American Express, Discover, MasterCard and Visa are accepted.
For a full refund, the WICPA CPD Department must receive a notification of cancellation or a request to transfer to a different program at least 14 days before the program date. Cancellations or program transfer requests received between 13 and 7 days prior to the presentation date will be subject to a cancellation fee of 50% per person, per program. No refund or program transfer request will be granted for cancellations made less than 7 days of the program. Substitute registrants are allowed. No refund or program transfer request will be granted if electronic materials have been downloaded that have been provided for the program you are canceling.
• Search the catalog and register online using our secure website. •
Download a printable form: Fax to: 262-785-0838 Mail to: WICPA W233N2080 Ridgeview Parkway, Suite 201 Waukesha, WI 53188
Is there any advantage to registering early? Yes! Most seminars are limited in size, and registering early will guarantee you the seminars of your choice. Also, the WICPA can avoid having to cancel a course due to insufficient early registrations. Plus, there are early bird discounts! How does the early bird discount work? To receive the early bird pricing of $50 off seminars and $50 off conferences, each seminar or conference must be registered for, or postmarked and paid for, by the early bird advertised date. Please see individual programs for the early bird date. The early bird discount applies only to full-day seminars and conferences. Do I receive other benefits on registration fees as a WICPA member? Yes! WICPA members can receive additional registration discounts of up to $50, while nonmembers pay a higher registration fee.
Can I send a substitute? Yes. A registration can be transferred to another person if you are unable to attend a program. CPD credit will be given to the person who attends the program. Substitutions may be handled by contacting the WICPA CPD department or at registration on the day of the program. What happens if the WICPA cancels a program? If a program is cancelled fewer than 14 days prior to the presentation date, registrants will receive a full refund and will be notified directly by email and receive a follow-up notification by phone. Early registration can help prevent the WICPA from cancelling a program. NOTE: The WICPA is not responsible for any personal expenses incurred if a program is cancelled.
TRACK YOUR CPD WITH THE WICPA’S CPD TRACKER The CPD Tracker is an easy to use tool created to keep track of all your CPD in one convenient location. • Automatically tracks WICPA formal learning activities • Add any non-WICPA CPD courses • Print reports for any reporting period To get started, visit wicpa.org/CPDtracker
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How do I register for a continuing professional development program?
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