Download - 2010 CPA Summit & Annual Meeting
in conjunction with the Tax Conference
November 11-12, 2010 | Embassy Suites • Columbia, SC
2010 CPA SUMMIT & ANNUAL MEETING
Reflecting Back, Looking Forward
As we celebrate the 95th anniversary of SCACPA, reflecting back
is the key to looking forward. Despite the upheaval of national
healthcare reform, new regulatory changes, challenges confronting
the profession, and the financial pressures of the market, the
CPA Summit is designed to provide you with the keys to looking
forward. CPAs, their businesses and their clients can unlock the
door to success and overcome potential hurdles by adopting
approaches that deliver on transformational ideas and business
solutions. The idea is working together toward a common goal.
Register today to secure your seat at this premier event!
2010 CPA Summit and Annual Meeting | November 11-12, 2010 | Embassy Suites • Columbia, SC
Schedule At A GlanceThursday, November 117:30 am - 4:30 pm Registration and Message Center
7:30 - 10:30 am Continental Breakfast
8:00 - 8:45 am Annual SCACPA Business Meeting (A01)
8:45 - 10:30 am Concurrent Sessions• EffectiveandEfficientRisk-BasedFinancial
Statement Audits in Compliance with Yellow Book (B01)
• EconomicOutlook(B02)• TechnologyUpdate(B03)
10:30 - 10:45 am BreakandExhibitVisits
10:45 am - 12:20 pm Concurrent Sessions• InternalControlsforSmallerEntities:Practical
Case Studies (C01)• HowtoDealwiththeIRS:TaxpayerAdvocacy
(C02)• GreenPlus,SustainabilityandtheTripleBottom
Line(C03)
12:20 pm - 1:20 pm Summit Luncheon
1:20 - 3:00 pm Concurrent Sessions • FairValueAccounting:ACriticalNewSkillforAll
CPAs(D01)• IRSCircular230andDisclosureofUncertain
Positions(D02)• RetainingYourTopTalent:MaintaintheDesired
ReturnonYourInvestment(D03)
3:00 - 3:20 pm BreakandExhibitVisits
3:20 - 5:00 pm Concurrent Sessions• InternationalFinancialReportingStandards
(E01)• HowtoDealwiththeIRS:Audits,Examinations,
AppealsandtheAftermath(E02)• SocialMediaandtheCPA(E03)
5:30 - 6:30 pm OldGuardReception(F01) YoungCPAsReceptionF02)
6:30 - 7:15 pm OpeningMember Reception(G01)
7:30 - 10:00 pm SummitDinner,Awards CeremonyandPassingof theGavel(H01)
Friday, November 126:45 am - 4:30 pm Registration and Message Center
7:15 - 8:15 am Managing Partners Breakfast(I01)
7:30 - 10:30 am Continental Breakfast
8:30 - 10:15 am Concurrent Sessions• AuditingReal-WorldFraud(J01)• HotTopicsinEstateandGiftTax(J02)• Performance,ProductivityandProfit:Creating
theHigherEnergyOrganization(J03)
10:15 - 10:30 am BreakandExhibitVisits
10:30 am - 12:05 pm Concurrent Sessions• SSARSUpdate(K01)• JudicialandAdministrativeHighlights:Focuson
AccountingPractice(K02)• FiveSmoothStones:FacingGoliathandWinning
(K03)
12:05 - 1:40 pm NewCPAOathCeremony and Student Recognition Luncheon (L01)
1:45 - 3:25 pm Concurrent Sessions • What’sHappeningwiththeBoardofAccoun-
tancy(M01)• LegislativeTaxUpdate(M02)• TurningTrustintoValue:BusinessDevelopment
BootCamp(M03)• CPAExamSimulation(M04)
3:25 - 3:40 pm BreakandExhibitVisits
3:40 - 4:30 pm Concurrent Sessions• Accounting&AuditingUpdate(N01)• TaxComplianceforEquityandIncentiveBenefit
Arrangements(N02)• HealthReformandItsImpact(N03)
Oth
erTa
xA
&A
Tech
nolo
gyTa
x
It’satechnologyworld–areyouinit?Inthistechnologysession,Collinswillbringyouuptodateontheverylatesttechnologyproductsandapplicationsyouneedtogetyourjobdonefaster,better,andmoreefficiently.ThesessionwillcoversolutionsthataremostimportanttoCPAs,includinghardware,software,security,communica-tions,internet,gadgetsanddevicestohelpyourcompanyorclientssqueezethemostoutoftoday’stechnology.Youwillreceivetwodozenusefultipsandseelivedemonstrationsofmanyofthetechnologiesdiscussed.Hewillalsosharewithyoualistof50technologieshebelieveswillmakeeveryCPAasproductiveaspossible.
Session Descriptions | Thursday, November 11 | 8:45 - 10:30 amA
&A
Effective and Efficient Risk-Based Financial Statement Audits in Compliance with Yellow Book,JenniferLouis,Business Learning Institute, Towson, MD(B01)–2creditsEconomic Outlook, TimQuinlan,Wells Fargo Securities, Charlotte, NC ; HolleyUlbrich, Clemson University, Clemson (B02)–2credits
Technology Update,CarltonCollins,AdvisorCPE, Norcross, GA (B03)–2credits
Session Descriptions | Thursday, November 11 | 10:45 - 12:20 pm
Internal Controls for Smaller Entities: Practical Case Studies in Design, Evaluation and Communications, JenniferLouis,Business Learning Institute, Towson, MD (C01)–2credits
How to Deal with the IRS: Taxpayer Advocacy,GwenSonierandFrancesKleckley,Internal Revenue Service, Columbia (C02)–2credit
Green Plus, Sustainability and the Triple Bottom Line,AaronNelson,Chapel Hill-Carrboro Chamber of Commerce, Chapel Hill, NC (C03)–2credits
Learnthekeyconceptsofsustainability,thetriplebottomlineandhowsmallandmedium-sizedentities(SME)aremakingandsavingmoneybygoinggreen.DiscussnationalandglobaltrendsimpactingU.S.enterprisesaroundsustainability.GetanintroductiontotheGreenPluseducationandcertificationtoolandwalkthroughahow-toguideforSMEsinterestedinimprovingalignmentandperformancewithgreenandsustainablestandardsandtrends.
Thereissimplynodenyingthatasufficientlydesignedandeffectivelyoperatingsystemofinternalcontrolsoverfinancialreportingismoreimportantthanever.Inthiscourse,wewilluseextensiveexercisesandcasestudiestoreinforcefundamentaltheorythrough“real-life”scenariosthatbothinternalandexternalaccountingpersonnelperforminginternalcontrol-relatedactivitiesinawidevarietyofindustrieswillfindbeneficial.Theprogramqualifiestowardthe24-hourYellowBookrequirement.
ManyfeartheIRSmorethandeathitself.TheIRSdoeswieldanimmenseamountofpower.IfyourclientsreceivealetterinthemailandtheyseetheIRSasthesender,theycanbeoverwhelmedbytheexperience.AttendthissessionandlearntheproceduresforgettingassistancefromtheTaxpayerAdvocateDivisionoftheIRS–whattheycandoandhowtoaskforit.You’llalsolearnwhatissuestheNationalTaxpayerAdvocateisworkingon,includingwhyitopposesthenew1099rules.
AfterweatheringthesharpestcontractionineconomicactivitysincetheGreatDepression,theU.S.economyisgraduallyregaininglostground.Buttheroadtorecoverywillnotbeeasy.Inthispresentation,WellsFargoeconomistTimQuinlanandClemsonProfessorHolleyUlbrichwilldescribewheretheU.S.economyfitsintheglobalrecoverywhileprovidingsomeinsightastohowtheU.S.recoverywilltakeshape.
Inrecentyears,theauditingstandardshavebeenstrengthenedinanattempttoimprovethequalityandeffectivenessoffinancialstatementaudits.CPAfirmsneedtoactnowtotrainauditprofessionalsonhowtoeffectivelyandefficientlyperformauditsthatcomplywithrelevantstandards.
Mgm
t.Ta
xA
&A
Man
agem
ent
Tax
Successintoday’smarketisdependentonourpeoplebecausewerelyonthetalenttounderstandtherules,toapplythestandardsandemploythetechnologyandtoserviceclients.OrganizationsmustpreservetheirbestperformersinordertocompetebecausethereareopportunitiesforCPAsnowandtherewillbemoretomorrow.Thissessionwillexplainfurtherwhyretentionisstilljustasimportantasever,explorebestpracticesforbuildingandmaintainingthesystemsthatpromoteretentioneffortsandhighlightavailableretentionresources.
Session Descriptions | Thursday, November 11 | 1:20 - 3:00 pmA
&A
Fair Value Accounting: A Critical New Skill for All CPAs,JenniferLouis,Business Learning Institute, Towson, MD(D01)–2credits
IRS Circular 230 and Disclosure of Uncertain Positions Panel,ErikDoerring,McNair Law Firm;RickHandel,SC DOR; WilliamHiggins,Ellis, Lawhorn & Sims, LLC; CarolineStrobel,USC;GwenSonier&ThomasSheaffer, IRS(D02)–2credits
Retaining Your top Talent: Maintain the Desired Return on Your Investment,HeidiBrundage,American Institute of CPAs, Durham, NC (D03)–2credits
Fairvalueaccountingisreshapingtraditionalfinancialstatements!Gaininsightsintotheconceptualandpracticalreasonsforusingfairvalueastherequired(orop-tional)measurementattributeforanumberofnewandexistingaccountingstandards.ThecoursecoverstheconceptualandpracticalissueswhicharisewhenfairvaluemeasurementisimplementedunderexistingFASBstandardsandprovidesexamplesoftheseissues.
Session Descriptions | Thursday, November 11 | 3:20 - 5:00 pm
International Financial Reporting Standards, TimothyDoupnik,University of South Carolina, Columbia (E01)–2credits
How to Deal with the IRS: Audits, Examinations, Appeals and the Aftermath, ErikDoerring,McNair Law Firm, Columbia andThomasSheaffer,IRS, Columbia(E02)–2credits
Social Media and the CPA,CarltonCollins, AdvisorCPE, Norcross, GA(E03)–2credits
ManyCPAscompletelydismisssocialmediaasjustabigwasteoftime.Itoooncethoughtthisway,butnolonger.Theundeniablefactisthat“whoyouknowmatters–right?”.Areyouwellconnected?Couldyoubebetterconnected?Today’ssocialmediahelpsyouestablish,cultivate,andgrowthelistof“peopleyouknow”.Throughsocialmedia,youcanconnectdirectly,andevenindirectlywithothersinapositiontorecommendyou,useyourproductsorservices,andassistyouinsurprisingways.
Theheatisontaxpractitioners!RegulatorsandlawmakersrespondingtoirresponsibletaxadvicefromCPAsandattorneyswhowerebelievedtobereputablehaveproducedasteadystreamofnewrulesandregulationsregardingdisclosureandresponsibilityfortaxreturninformation.Manypractitionersthinktherulesofpracticemayadverselyaffecttheirabilitytoeffectivelyrepresenttheirclientandmayconflictwiththeirobligationsunderprofessionalethicsrules.Thenewdisclosurerulesarecontroversial,andmayconflictwithtaxprofessionals’representationoftheirclients’interests.Attendthissessionandlearnhowthesechangesimpactyou,andthecontroversysurroundingthem.
Asignificantpercentageoftaxpayingcitizenshavetheexperienceofbeingaudited(IRSusestheterm“examination”)atsomepointduringtheirlives,andtheIRSisrampingupitsauditschedule.Knowingwhattoexpect,howtorespond,andwhattodoifyoudon’tagreewiththeresultcansavetimeandmoneyforyouandyourclient!AttendthissessionandhearanswerstosomeofthemostcommonquestionsabouthowtheIRSconductsaudits,andwhatrightsandobligationstaxpayershaveinthecourseofthatprocess.Mr.SheafferwilltalkaboutwhattheIRSexpectsandrequires.Mr.DoerringwilldiscusshowtodefendyourclientanddealwiththeIRStoachieveanoptimalresultforyourclient,andwillprovideanoverviewofcriminaltaxconsiderationsinconnectionwithanaudit/exam.
ThissessionprovidesabriefoverviewoftheInternationalAccountingStandardsBoard(IASB)andtherolethatInternationalFinancialReportingStandards(IFRS)playinglobalaccounting;describestheU.S.SecuritiesandExchangeCommission’s(SEC)reactiontoglobalaccountingstandards,includingitsIFRSroadmapandcurrentworkplanfortheintegrationofIFRSintotheU.S.financialreportingenvironment;summarizestheFASB/IASBconvergenceprocess;anddescribestheprocessentitieswouldfollowtocomplywithIFRS1First-timeAdoptionofIFRSifrequiredtoconvertfromU.S.GAAPtoIFRS.
Pers
onal
Dev
lp.
Tax
A&
AM
anag
emen
tTa
x
Timemanagementisso20thcentury.Youcan’tgetanymorehoursintheday-butyoucangetmoreenergyforyourself-andinfuseyourorganizationwithit.Thesedays,it’spersonalenergymanagementthatmakesthedifferenceinperformance,productivityandprofit.Athletes,entertainers,astronauts,trialattorneysandthemili-tarytrainconstantlytobephysicallyandmentallyreadytoperformasapeakenergyteamovershortperiodsoftime.Yetinbusiness,professionalsattempttoperformathighlevelsovermanyweeksandmonths,oftenwithoutmuchofabreak.Asaresult,theyexperienceperformance-sappinglowmorale,burnoutandturnover.Thiscoursewillshowyouhowtochangeyouroutlookandapproachbytappingsecretsandstrategiesfromsports,science,psychology,literatureandevenhistory.
Session Descriptions | Friday, November 12 | 8:30 - 10:15 amA
&A
Auditing Real-World Frauds,MarkHobbs,The Hobbs Group, Columbia (J01)–2credits
Hot Topics in Estate and Gift Tax, DaveSojourner,Ellis Lawhorne & Sims, Columbia (J02)–2credits
Performance, Productivity and Profit: Creating the Higher Energy Organiza-tion,GregConderacci, Business Learning Institute, Towson, MD(J03)–2credits
Manyauditorsstrugglewiththelinkagebetweeninternalcontrol,auditdesignandfrauddetectionunderSASNo.99.Thisinteractivecourseutilizeshands-oncasestudiesbasedonthelatestguidanceonthenewCOSOmodelonInternalControlFrameworkisgearedtohelpparticipantscarryouttheirfinancialstatementfraudresponsibilities.Auditorsandcorporateaccountingandfinanceprofessionalswillfindthiscourserelevantandtimely.Thecourseincludesanoverviewoftheauditor’sresponsibilitiesrelatedtofinancialstatementfraudunderSASNo.99andclearlylinksthesetotheauditor’sriskassessmentprocessundertheRiskAssessmentStandards.
Thispresentationwillfocusoncurrentdevelopmentsinestateandgifttaxationandthestatusofestatetaxreform.Inadditionthissessionwillfocusoninnovativeideasforsophisticatedestatetaxreductiontechniquesandassetprotectionplanning.
Session Descriptions | Friday, November 12 | 10:30 am - 12:05 pm
SSARS Update,MichaelGlynn,American Institute of CPAs, New York, NY(K01)–2credits
Judicial and Administrative Highlights: Focus on Accounting Practice, DavidAughtry,Chamberlain, Hrdlicka, White, Williams & Martin, Atlanta, GA (K02)–2credits
Five Smooth Stones: Facing Goliath and Winning,GregConderacci,Business Learning Institute, Towson, MD(K03)–2credits
Areyoufacingthechallengeofalifetime?Itcanbeadifficultcareertransition,aterrific(andsomewhatterrifying)businessopportunity,oranymajoreffort.BeforeDavidfacedGoliath,heselectedfivesmoothstonesforhissling.Thiscoursegivesyoufivestrategiesforsucceedinginthefaceofseeminglyoverwhelmingodds.
DuringthissessionthepresenterwilldiscussrecentactivityoftheAccountingandReviewServicesCommittee(ARSC)includingtheissuanceofStatementonStandardsonAccountingandReviewServicesNo.19,CompilationandReviewEngagementswiththeAICPAstaffliaisontotheARSC.Alsoincludedwillbeadiscussionofotherauthoritativeandnonauthoritativeguidanceavailabletoaccountantsperformingcompilationandreviewengagements.
Fromcopingwithheightenedstandardsforpreparerpenaltiesthroughwork-productprotectionofworkpaperstosalvationintheSecondCircuit’sSteinopinion,thislastyearimpactsthelifeoftaxaccountantsinamuchbiggerwaythanperhapsanyprioryear.Withanemphasisonthatarea,wewillcoverthelastyearlikekudzu.
Man
agem
ent
Tax
A&
AM
arke
ting
Tax
FewprofessionscancommandthetrustandrespectoftheCPA,andindeedthedemandforCPAserviceshasneverbeenhigher.Atthesametime,though,manyCPAservicesarebecomingcommoditizedandpressureonhourlyratesisintense.Itisalsoincreasinglydifficulttomovechoicebusinessfromcompetitors.Finally,firmsandcompaniesarefindingthecompetitionfortalentedemployeescanbemorechallengingthanthecompetitionforgoodclients.Inshort,successfulfirmsmustbeabletotranslatetrustintovaluetomonetizeandcapitalizemoresuccessfullythebenefitstheyoffer.
Session Descriptions | Friday, November 12 | 1:45 - 3:25 pmA
&A
What’s Happening with the SC Board of Accountancy,MarkHobbs,The Hobbs Group, Columbia(M01)–2credits
The 2010 Legislative Glacier, DavidAughtry,Chamberlain, Hrdlicka, White, Williams & Martin, Atlanta, GA(M02)–2credits
Turning Trust into Value: Business Development Boot Camp,GregConderacci,Business Learning Institute, Towson, MD (M03)–2credits
ThesessionwillincludethehottesttopicsfacingtheSCBoardofAccountancyincludingthefollowing:ethicalissuesfacingCPAs,mandatorypeerreviewfindings,disci-plinaryactionsoflicensees,currentregulatorychangesunderconsiderationforamendment,impactofInternationalAccountingandAuditingStandards,mobility–howhasitimpactedtheStateofSC,andwhatlicenseesneedtoknowabouttheBoardofAccountancy.
FromtheHealthCareActsubstitutionofthestatutoryeconomicsubstancetestfortherestoftheCode,throughtheHIREACTtaxcreditsandestatetaxlimbo,totheSmallBusinessvariationontheBushtaxcuts,2010hasprovidedlayeruponlayeroflegislativedevelopmentsyouneedtoknow.
Session Descriptions | Friday, November 12 | 3:40 - 4:30 pm
Accounting & Auditing Update, KyleAnderson,A&A Update Review, Inc., Anderson, SC(N01)–1credit Tax Compliance for Equity and Incentive Benefit Arrangements, GilbertWeiner,Cherry Bekaert & Holland, Vienna, VA (N02)–1credit
Health Reform and Its Impact, JamesD’Alessio,BlueCross/BlueShield of SC, Columbia(N03)–1credit
Keepabreastofthefast-pacedchangesinaccountingandauditing.Thissessionwillcoverthemostrelevantpronouncements,exposuredraftsandconsensusreportsrecentlyissuedintheaccounting,auditing,compilationandreviewarenas.
Duringthissessionthepresenterwillcoverthetypesofincentivebenefits/paymentssuchasstockandnon-equityincentives(deferredcompensation,differenttypesofstockoptions,stockappreciationrights,employeestockpurchaseplans),andsimilarvehicles,aswellasdiscussindetailtaxadministrative,withholdingandreportingrequirements,andsomeunusualreal-lifeissuesassociatedwiththemsuchasdeathanddivorce.Timepermitting,thesessionmayalsoaddresssomeothermatterssuchastaxabilityofothertypesofpaymentssuchastheBPpayoutsforGulfCoastbusinessownersandemployees,expenseaccountrequirements,etc.
HealthReformLegislationisnowinplace,butwhatdoesitallmean?Howwillitaffectmycompany?Howwillmycurrenthealthplanhavetochange?DoIhavetooffermyemployeesnewcoverage?Willthecostsgoup?Arethereanychangestothespendingaccounts?Willaccesstohealthcareinmyplanbeincreasedordecreased?Whatarethepenaltiesfornoncompliance?Allofthesequestionsandmorewillbecoveredinthissession.
Event HighlightsThursday, November 11
8:00 – 8:45 am Annual Business Meeting (A01)As a member of SCACPA attend this meeting to elect new board members, approve the 2011 SCACPA budget and hear a brief update on SCACPA’s activiites that benefit you and the CPA profession.
12:20 – 1:20 pm Summit Luncheon Roundtable DiscussionsOver lunch discuss with your peers the issues and concerns that keep you up at night. You may find that you are not alone in your concerns, and you may find solutions to your concerns.
5:30 – 6:30 pm Old Guard Reception (F01)By special invitation only, CPAs who have been SCACPA members for 30 years or more will renuite with their peers in an intimate setting.
5:30 – 6:30 pm Young CPAs Reception (F02)Join the Young CPAs Cabinet as they celebrate their 2010 successes! This reception is designed for CPAs 35 years old or younger.
6:30 – 7:15 pm Opening Member Reception (G01)Wind down after a full day of education by renewing acquaintances and make new ones.
7:30 – 10:00 pm Summit Dinner and Awards Ceremony (H01)Enjoy dinner with colleagues while supporting SCACPA’s awards and recognition program.
Friday, November 12
7:15 – 8:15 am Managing Partners Breakfast (I01)During this breakfast managing partners of mid-size to large firms have the opportunity to hear from AICPA Chair Elect, Paul Stahlin.
12:05 – 1:40 pm New CPA Oath Ceremony and Student Recognition Luncheon (L01)Join SCACPA as they conduct the semi-annual New CPA Oath Ceremony and recognize college students majoring in accounting from across the state who are recipients of the 2010 education fund scholarships. In addition, AICPA Chair Elect, Paul Stahlin will provide a professional issues update.
12:50 - 1:40 pm KEYNOTE SPEAKER: Perspectives on the Future of Business & the CPA Profession (L01) Paul Stahlin, Skylands Community Bank, Hackettstown, New Jersey – 1 credit, other In this special session, you will have the opportunity to hear from AICPA Chair-Elect and Regional President of Skylands Community Bank, Paul Stahlin. Mr. Stahlin will give a National Focus presentation on the “new normal” and what it means for CPA professionals, including a discussion on the national issues facing CPAs.
1:45 – 3:25 pm CPA Exam Simulation (M04)Join Becker CPA Review as they simulate the CPA Exam for accounting students and CPA candidates.
2010 CPA Summit and Annual Meeting | November 11-12, 2010 | Embassy Suites • Columbia, SC
H. Kyle Anderson, CMA, CPA, Professor of Account-ingbeganhiscareerinEducationandPublicAccount-ingin1984afterreceivinghisMastersofProfessionalAccountancyfromClemsonUniversity.Kylehasover18yearsofexperienceworkinginpublicaccounting,spe-cializingintaxationandconsultingandisinhis20th
yearofteachingattheUniversitylevel.Currently,Kyleisinhis14thyearteachingfull-timeatAndersonUniversityintheCollegeofBusinessandhisfirstyearwithA&AUpdateandReviewInc.
David D. Aughtry, Esq.,practicefocusesonciviltaxlitigation.Since1986,hehasmanagedtheChamber-lain,HrdlickaAtlantaoffice.DavidgraduatedfromTheCitadelin1975withaB.A.inEnglish,fromtheUniversityofSouthCarolinain1978withaMastersinAccountingandalawdegree,andfromEmory
Universityin1982withaMastersinTaxation(LL.M.).Upongraduationfromlawschool,DavidjoinedtheIRSOfficeofChiefCounselasaTrialAttorney,wherehealsoservedasaTaxShelterCoordinator.
Heidi M. Brundage, CPA, SPHR, is a current mem-berofthePrivateCompaniesPracticeSection(PCPS)teamattheAICPA.PCPSisafirmmembershipsectionoftheAICPAthatfocusesonfirmpracticemanagementandadvocacyforpublicaccountingfirms.HeidiisaCPAinthestatesofOhioandNorthCarolinaandaSenior
ProfessionalinHumanResources(SPHR).SheisamemberoftheAICPA,theOhioSocietyofCPAs,theNorthCarolinaAssociationofCPAsandtheSocietyforHumanResourceManagement.
J. Carlton Collins, CPA,isaCertifiedPublicAc-countantwithexperienceintechnology,tax,auditing,accountingsystems,financialreporting,andbondfinancing.Heisanauthor,lecturer,andtechnology&accountingsystemsconsultant.Hehaspublishedmorethantwodozenbooks,twohundredarticles,andthou-
sandsofwebpages.Asapublicspeaker,Mr.Collinshasdeliveredmorethan2,000lecturesin44statesand5countriesaddressingmorethan500,000businessprofessionals,includingnumerouskeynotelecturesatnationalandinternationalconferences.
Greg Conderacci,SeniorFellow,BusinessLearningInstitute,Inc.,hasbeenusingthemagicofcommunicationtohelppeopleleadhappier,moreproductiveandrewardinglivesforthreedecades.Hisprivateconsultingfirm,GoodGroundConsultingLLC,isdedicatedtohelpingorganizationsandteamsdiscoveranddefendtheir"goodground"--thefertilemarketnichewheretheirproductivitypeaks.HeteachesmarketingattheJohnsHopkinsUniversityBusinessSchoolandservesonitsBusinessAdvisoryBoard.Inthe1970s,asareporterforTheWallStreetJournal,Mr.ConderaccicoveredbusinessinDetroitandalsowroteeconomicsoutofWashington,D.C.
James A. D’Alessio, Esq., currentlyVicePresidentofGovernmentAffairsforBlueCrossBlueShieldofSouthCarolinaanditsCompanioncompanies,Jamesisprimarilyresponsiblefordevelopingcorporaterelationshipsandinfluencingpublicpolicyatalllevelsofgovernment.Priortoassumingthisposition,James
servedasAssociateGeneralCounsel,andwasprimarilyresponsibleforinteractionwithstateandlocalgovernment.
Erik P. Doerring, Esq.,shareholderwiththeMcNairLawFirmfocusesonbusinessandcorporaterepresen-tationwithanemphasisoneconomicdevelopmentandtax.Hiseducationalbackgroundandprofessionalexperienceisfirmlyrootedintaxation.Aftergradu-ationfromlawschool,Erikservedasanattorneyin
theOfficeofChiefCounsel,InternalRevenueService.In1989hewasappointedAssistantUnitedStatesAttorneyfortheNorthernDistrictofCaliforniarepresentingtheUnitedStatesDepartmentofJustice’sTaxDivisioninFederalandstatecases.AfterreceivinghisMasterofLawsdegreeinTaxationin1993,ErikjoinedMcNairLawFirm,P.A.andiscurrentlyaShareholderandheadsuptheTaxControversyPracticeTeamandEconomicDevelopmentPracticeTeamfortheFirm.
Timothy S. Doupnik, PhD, is Professor of Account-ing,MooreFacultyFellow,andCramerFellowinInternationalAccountingattheUniversityofSouthCarolina'sDarlaMooreSchoolofBusiness.Hisprimaryresearch interest is international accounting and he haspublishedarticlesinthisareainvariousjournals
including Abacus, Accounting, Organizations, and Society,International Journal of Accounting, Journal of Accounting Literature, Journal of International Accounting Research, Journal of International Accounting, Auditing, and Taxation, and Journal of International Business Studies.InanissueoftheInternationalJournalofAccounting,hewaslistedasthemostprolificauthorininternationalaccountingjournalsduringtheperiod1980-1996.HereceivedtheOutstandingInternationalAccount-ingEducatorawardfromtheInternationalAccountingSectionoftheAmericanAccountingAssociationin2008.
Speaker Spotlight
2010 CPA Summit and Annual Meeting | November 11-12, 2010 | Embassy Suites • Columbia, SC 2010 CPA Summit and Annual Meeting | November 11-12, 2010 | Embassy Suites • Columbia, SC
Michael P. (Mike) Glynn, CPA,isaTechnicalMan-agerintheAICPAAuditandAttestStandardsTeam.Inthiscapacity,MikeservesasthestaffliaisontotheAccountingandReviewServicesCommittee(ARSC).Inaddition,MikesupportstheactivitiesofAuditingStandardsBoard(ASB)anditssubcommitteesbyas-
sistingmembersindraftinganddeliberatingauthoritativeprofessionalstandardsandinterpretations.PriortojoiningtheAICPAinApril1998,MikeworkedatErnst&YoungLLPinNewYork.Mikeprimarilyservednot-for-profitclientsinE&Y’sauditingpractice.
Rick Handel, Esq.,isaSeniorAdministratorandtheGeneralCounselforPolicyoftheSouthCarolinaDepartmentofRevenue.Formerly,hewasapartnerinthelawfirmsofNexsenPruetJacobs&PollardandMoore&VanAllen.WhileinprivatepracticehewasincludedinTheBestLawyersinAmerica.BeforethathereceivedtheOutstandingProfessorAwardasataxprofessorattheUniversityofSouthCarolina’sSchoolofLaw.TheSouthCarolinaSupremeCourthasdesignatedhima“CertifiedSpecialist–TaxationLaw.”AttherequestoftheUnitedStateshehasdiscussedtaxtheoryandpracticeherewithgovernmentofficialsfromRussiaandMoldovaandvisitedMoldovatocontinueandexpandthosediscussions.RickisthefounderoftheSouthCarolinaStateandLocalTaxStudyGroup,aformervicechairoftheAmericanBarAssociation’sStateandLocalTaxCommittee,andamemberofitsStandardsofTaxPracticeCommittee.
Mark T. Hobbs, CPA, CFF, is the Managing Share-holderofTheHobbsGroup,PA.TheHobbsGroup,PAprovidesauditing,accounting,taxandconsultingservicestoadiverseclientbaseinSC.DuringhisthirtyplusyearsinpublicaccountingMarkhasacquiredextensiveexperiencewithprivatelyowned,closely
heldbusinesses,financialinstitutions,governmentalentities,realestatemanagement,nonprofitorganizations,andlitigationsupportconsultation.MarkispastPresidentoftheSCAssociationofCPAsandcurrentlyservesontheSCBoardofAccountancy.
Frances W. Kleckley,SystemicAdvocacySystemsDirectorwiththeInternalRevenueServicegraduatedfromFrancisMarionUniversitywithaBachelorofSciencedegreeinBusinessAdministrationin1981andhassincecompletedworktowardaMBA.ShebeganherIRScareerin1982asaRevenueOfficerin
Columbia,S.Candsubsequentlyheldvariousmanagementandtechni-calpositionsintheCollectionDivisionalongwithavarietyofNationalOfficeassignments.
Jennifer F. Louis, CPA,hasmorethan18yearsofexperienceindesigningandinstructinghigh-qualitytrainingprograms.In2003sheformedEmergentSolutionsGroup,LLC,servingorganizationsbyprovidingtrainingservicesonaproject-specificorpart-timebasis.Mostrecently,Ms.Louiswasexecutivevicepresident/directoroftrainingservicesatAuditWatch,Inc.,apremiertrainingandconsultingfirmservingtheauditprofession.ShebeganhercareeratAuditWatchasvicepresidentofproductdevelopment.BeforejoiningAuditWatch,Ms.Louiswasthefinancial/operationalauditmanageratAARP.
William (Bill) O. Higgins, Esq., isamemberoftheBusiness,RealEstateandFinancePracticeGroup.InadditiontohisJurisDoctor,BillearnedanLLMdegreeinTaxationfromNewYorkUniversitySchoolofLaw,receivingacomprehensivefoundationintaxlawincludingrealestate,partnerships,andincome
tax.Overthepasttenyears,hehasbeenleaddevelopercounselfortheacquisition,financing,development,orrehabilitationofdozensofprojectsinthemulti-family,assistedliving,conveniencestoreandretailareas.Heisactivelyengagedinthetax-deferredrealestateexchangearea,servingastaxpayers’counsel,qualifiedintermediary,andexchangeaccommodationtitleholderforreverseexchanges.Heisafrequentlectureronlegalethicsandlawyermisconduct,Section1031tax-deferredexchangesofrealestate,andotherrealestate,tax,andbusinessmatters.
Aaron Nelson, IOM,isthePresidentandCEOoftheChapelHill-Carrboro(NC)ChamberofCommerceandhasservedastheExecutiveDirectorofitseconomicandcommunitydevelopmentpartner,theFoundationforaSustainableCommunitysinceitscreationin2004.Astheco-founderandSeniorFellowatthenational
InstituteforSustainableDevelopmentandaFordFoundationFellowforRegionalismandSustainableDevelopment,Aaronconsultsandspeaksnationallyandinternationallyonthebusinessleadershiproleinbuild-ingsustainablebusinesses,organizationsandcommunities.
Speaker Spotlight, continued
2010 CPA Summit and Annual Meeting | November 11-12, 2010 | Embassy Suites • Columbia, SC
Tim QuinlanisaneconomistforWellsFargo.BasedinCharlotte,N.C.,heprovidesanalysisandcommentaryonU.S.businessspendingaswellasmacroeconomicdevelopmentsinforeigneconomies.Priortojoiningtheeconomicsgroupin2007,TimheldpositionswithinWachoviaasafinancialadvisorandwithin
EvergreenInvestmentsasatrustaccountportfoliomanagerandinvest-mentstrategist.PriortojoiningWachoviain2002,hespentseveralyearsworkingforPutnamInvestmentsinBoston.
Thomas (Tom) SheafferisaStakeholderLiaison(Industry)withtheSmallBusiness/SelfEmployeddivisionoftheInternalRevenueService.HehasbeenwiththeIRSfor9yearsasaSeniorTaxSpecialistandheistheSmallBusinessLiaisonfortheIRSinSouthCarolina.AsaSeniorStakeholderLiaison,heisresponsiblefortaxlaweducationandoutreachtoTaxProfessionals,smallbusinessownersandindustryorga-nizations/associations.HeisalsoacertifiedTaxLawinstructorwiththeIRS,teachingboth1040taxlawandinternationaltaxlawissuestothetaxprofessionalcommunity.
David C. Sojourner, Jr., isanattorneywiththefirmofEllis,Lawhorne&Sims,P.A.inColumbia,SC.HereceivedhisB.S.degreeinEconomicsfromClemsonUniversityin1983;hisJ.D.degreefromtheUniversityofSouthCarolinaSchoolofLawin1986;andhisLL.M.degreeinTaxationfromNewYorkUniversityin1987.
HewasadmittedtotheSouthCarolinaBarin1986.Mr.SojournerisaCertifiedTaxationSpecialistandaCertifiedEstatePlanningandProbateSpecialistandaFellowintheAmericanCollegeofTrustandEstateCouncil.Mr.SojournerislistedintheBestLawyersinAmerica.
Gwen Sonier, hasbeenwiththeInternalRevenueServiceforover30years.OriginallyfromNewYork,GwengraduatedfromCornellUniversityandbeganhercareerwiththeIRSasaCustomerServicerepresentative.Shecontinuedhereducationbyattendingeveninglawschoolforseveralyears.GwenlaterheldpositionsasaTaxComplianceOfficer,SupervisoryTaxTechnician,LeadAnalyst(NationalOffice),QualityReviewmanager,andProblemsResolutionCoordinator-Exam,beforeherselectionasaTaxpayerAdvocateGroupManager(TAGM)inTASin1999.GwenhasbeenamemberoftheAreaReviewPanel,EEOandDiversityGroupandisaparticipantintheSeniorManagementReadinessProgram(SMRP).
Paul V. Stahlin, CPA,isViceChairmanoftheAmericanInstituteofCertifiedPublicAccountantsfor2009-10andwillserveasChairmanin2010-11.HehasservedtheAICPAinmanycapacities.StahlinwasamemberoftheBoardofDirectorsandthegoverningCouncilforeightyears.From2001-2004,heserved
onthespecialtaskforceonServicestoMembersinIndustry,whichmaderecommendationsforimprovingAICPA’sservicetomembersinbusinessandindustry.HechairedtheAuditCommitteefrom2007-2008andhasservedontheStrategicPlanning,CompensationandFinanceCommittees.StahlinisregionalpresidentofSkylandsCommunityBankinSomerville,N.J.Hehasanextensivecareerinbanking,havingservedasexecutivevicepresidentandchieffinancialofficerofFleetCreditCardServicesandcorporatecontrollerofSummitBancorp.Hebeganhiscareerinpublicaccounting,includingsixyearswithPriceWaterhouse&Co.,apredecessorfirmofPricewaterhouseCoopers.HewasPresidentoftheNewJerseySocietyofCPAsfrom1999-2000.HeiscurrentchairoftheauditcommitteeoftheSomersetMedicalCenterBoardofTrustees.
Holley Hewitt Ulbrich, PhD, is Alumni Professor of EconomicsEmeritaatClemsonUniversityandaseniorfellowatboththeStromThurmondInstitute.SheservedontheClemsonfacultyfrom1967to1997andcontinuestoteachinthedoctoralprograminPolicyStudiesatClemsoninretirement.Theauthorofnine
booksandwell-knownasaconsultanttostateandlocalgovernmentagencies,includingtheGeneralAssembly,shehashadaconsiderableamountofexperienceintaxationatthelocal,state,national,andeveninternationallevel,havingtaughtshortcoursesintaxationandpublicfinanceattheWorldBankforfiveyears.Dr.Ulbrichworkedasapolicyanalystforfederalgovernmentduringasabbaticalin1984-85.Shehaswrittenextensivelyonthepropertytax,thesalestax,andbudgetaryissues,includingfiscalsustainability.
Gilbert J. Weiner, Esq., istheManagingDirectorofCherry,Bekaert&Holland’sCompensationandBenefitsSolutionsPracticeinVienna,Virginia.Asanattorneywithextensivebenefitsandcompensationexperience,GilfocuseshispracticeonmeetingthehumancapitalandbenefitsneedsoftheFirm’sdiverse
clientbase.BasedoutoftheWashingtonoffice,heassistsemployersthroughouttheSoutheastinoptimizingtheiremployee,executiveanddirectorcompensationandbenefitarrangementstoachievetaxefficiencies;ensurecompetitivepractices;mitigatebusiness,fiscalandtaxrisk;andimprovetheirpotentialpost-transactionmarketpositions.
2010 CPA Summit and Annual Meeting | November 11-12, 2010 | Embassy Suites • Columbia, SC
THINGS YOU NEED TO KNOWProgram Details:Logontowww.scacpa.orgforcompleteprogramdetailsincludingsessiondescriptions,speakerbiographies,andsecureonlineregistration.
Confirmation:Aconfirmationwillbesentviae-mailormailwhenyourregistrationisprocessed.Intheeventyourconfirmationisnotreceived,pleasecontactourCPETeamat(888)557-4814,[email protected].
Registration Modifications:Transfersmadeoneweekbeforeeventdatewillincura$25administrativefee.Cancellationsreceivedlessthanoneweekbeforetheeventforfeitthematerialsandentireregistrationfee.Substitutionsareaccepteduptothedayoftheeventandaresubjecttofeeadjustmentsbasedonmembershipstatusofsubstitute.Noshowsforfeitthematerialsandentireregistrationfee.
Special Requests: Pleasecontactusassoonaspossiblewithspecialneedrequests,CPETeamat(888)557-4814,[email protected].
Questions, Modifications, or Requests:SCACPACPETeammembersareavailableMonday-Friday,8:00am–5:00pmat(888)557-4814,ext.110and112,[email protected].
LOCATION INFORMATIONFacility:EmbassySuitesHotel&ConferenceCenter200StoneridgeDrive,Columbia,SC29210|(803)252-8700
Room Rate: $119,roomblockexpires10/21/10Parking:Complimentaryselfparking
Directions: Pleaselogontoourwebsite,www.scacpa.orgfordirections.
Hotel Reservations Online: http://embassysuites.hilton.com/en/es/groups/personalized/CAEGSES-AMA-20101110/index.jhtml?WT.mc_id=POG.
CONTINUING EDUCATIONCPE Credits:16hours
CFP Credits:14 CLE Credits:12.5
Fields of Study: A&A13;BusinessManagement3;Marketing2;Other7;PersonalDevelopment2;PracticeManagement4;SpecializedSkills&Knowledge2;Tax13
Method: Lecture Level: All
Note: Professionaleducationcreditsareallocatedbasedonsessionsattended.
WAYS TO REGISTEROnline www.scacpa.org
Mail SCACPA,570ChrisDrive,WestColumbia,SC29169
Fax (803)791-4196 (creditcardandchoicecardpaymentsonly)
2010 CPA Summit and Annual Meeting | November 11-12, 2010 | Embassy Suites • Columbia, SC
About This Event
Registration
COURSE CODE: 411010
Thursday, November 118:45 – 10:30 am (2 credit hours)r EffectiveandEfficientRisk-BasedFinancialStatementAuditsin Compliance with Yellow Book (B01) A&Ar EconomicOutlook(B02)Otherr TechnologyUpdate(B03)Specialized Skills & Knowledge
10:45 am – 12:20 pm (2 credit hours)r InternalControlsforSmallerEntities:PracticalCaseStudies (C01) A&Ar HowtoDealwiththeIRS:TaxpayerAdvocacy(C02)Tax r GreenPlus,Sustainability&theTripleBottomLine(C03) Other
1:20 – 3:00 pm (2 credit hours) r FairValueAccounting:ACriticalNewSkillforAllCPAs(D01)A&A r IRSCircular230&DisclosureofUncertainPositions(D02)Tax r RetainingYourTopTalent:MaintaintheDesiredResult(D03) Practice Management
3:20 – 5:00 pm (2 credit hours) r InternationalFinancialReportingStandards(E01)A&Ar HowtoDealwiththeIRS:Audits,Examinations,Appealsand theAftermath(E02)Tax r SocialMediaandtheCPA(E03)Practice Management
2010 CPA Summit & Annual Meeting/In Conjunction With Tax Conference
Friday, November 128:30 – 10:15 am (2 credit hours)r AuditingReal-WorldFrauds(J01)A&Ar HotTopicsinEstateandGiftTax(J02)Tax r Performance,Productivityandprofit:CreatingtheHigher EnergyOrganization(J03)Business Management
10:30 am – 12:05 pm (2 credit hours)r SSARSUpdate(K01)A&Ar JudicialandAdministrativeHighlights:FocusonAccounting Practice(K02)Tax r FiveSmoothStones:FacingGoliathandWinning(K03) Personal Development
1:45 – 3:25 pm (2 credit hours)r BoardofAccountancyUpdate(M01)Other r The2010LegislativeGlacier,(M02)Tax r TurningTrustintoValue:BusinessDevelopmentBootCamp (M03)Marketing r CPAExamSimulation(M04)– No credits
3:40 – 4:30 pm (1 credit hour) r Accounting&AuditingUpdate(N01)A&Ar TaxComplianceforEquityandIncentiveBenefitArrangements (N02) Tax r HealthReformandItsImpact(N03)Business Management
EVENT REGISTRATIONS: (Pleaseselectallthatapply.Additionalpaymentnotedifrequired)
Thursday, November 11 r Annual Business Meeting (SCACPA members only) FREE(A01)r OldGuardReception(by special invitation only) FREE(F01)r YCPAs Reception (35 years old or younger) FREE(F02)r OpeningMemberReception-FREESummitparticipants and dinner guests ALLOTHERS$20perperson(G01)r SummitDinnerandAwardsCeremony $60perpersonor$440pertableof8(H01)
Friday, November 12r ManagingPartnersBreakfast-partners of medium to large firms(I01)r NewCPAOathCeremonyandStudentRecognitionLuncheon FREE to Summit participants; New CPAs and Scholarship Recipients and one guest,AllOthers$27perperson(L01)
PARTICIPANT LISTAParticipantlistwillbeprovidedtoregistrantsattendingtheeventuponrequest.Pleasecheckthefollowingboxtooptoutofthelisting.o
CONCURRENT SESSION SELECTIONS: (Please select one session per time slot)
Registration continued on next page.
REGISTRANT INFORMATION
Name(PleasePrint)
SCACPAMember#orotherstateCPASociety#
Firm/Organization
DaytimePhone
Fax
MobilePhoneoPrimaryPhone oSecondaryPhone
HomePhoneoPrimaryPhone oSecondaryPhone
Address
City/State/ZIP
CONFERENCE MATERIALS:oGOGREENANDSAVEGREENPleasededuct$25fromyourregistrationfee,andprovideyoure-mailaddressabove.Materialswillbeprovidedapproximatelyoneweekbeforetheevent.(Emailrequired,seeabove)
REGISTRATION CATEGORY:rSCACPAMemberrNon-MemberrOtherStateCPASocietyMember
SUMMIT REGISTRATION FEES:rEarlyBird$280(expires10/21/10) rRegular$305rChoiceCard$400 rNon-member$405
EVENT REGISTRATION FEES:rMemberReception(nonSummitattendeeandguests):$20 #guest(s)__________x$20=________________rSummitDinner(perperson):$60 #guest(s)__________x$60=________________rSummitDinnerTableof8:$440 #table(s)__________x$440=_______________r OathCeremony/StudentRecognitionLuncheon:$27 #guest(s)__________x$27=________________
GuestName(s):
GRAND TOTAL FEES:
Summit EventsE-materialsTotal_______+ _______ - _______ = ________
PAYMENT INFORMATION:
Please indicate method of paymentq Check:IhaveenclosedacheckpayabletoSCACPAqVisaq MasterCard qAmericanExpressDiscoverq Choice Card (CC)
CCCouponNumber
CreditCard#
Exp.DateqFirmCard q Personal Card
CCV(3-4Digits)
NameonCreditCard/ChoiceCard
Signature Date
TotalFees:$_____________
QUESTIONS:ContactourCPEteam,(803)791-4181ext.110or112,[email protected]
CCCouponNumber
CCCouponNumber
CCCouponNumber
GOLD SPONSORSBB&T Insurance Services
www.cpai.com
CAMICO Mutual Insurance Company
www.camico.com
Southeastern Insurance Consultants, LLC
http://siconsultants.com/
SILVER SPONSORSAmerican Pensions
www.ampen.com/
BB&T Banking Serviceswww.bbt.com
EXHIBITORS1st Global, Inc.
www.1stglobal.com
LYC Mortgage, LLC www.lyccpa.com
Thomson Reuterswww.thomsonreuters.com
Sponsors & Exhibitors_______+ _______ - _______ = ________
CreditCard#
CCCouponNumber
CCCouponNumber
PRSRT STDUS POSTAGE PAIDPERMIT NO. 1146
Columbia, SC
SOUTH CAROLINA ASSOCIATION OF CPAs570 Chris Drive • West Columbia, SC 29169(888) 557-4814, Toll free in SC • (803) 791-4181www.SCACPA.org
www.s c a cpa . o rg /Summi t2010 SCACPA MEMBERS REGISTER BY OCTOBER 21 TO SAVE $125!