Analyze recent developments in newly issued and recently effective authoritative accounting standards. If you perform or supervise preparation, compilation, review, and/or audit engagements for small and middle-market, privately held businesses, you need to hear this! 

Speaker:
Ralph Nach, CPA, Partner | Epstein, Nach, Escobedo

Get a first-hand look at current happenings on the AICPA’s Audit & Attest Standards team.  Discuss the recently issued Statement on Auditing Standards (SASs) No. 149 for group audits and quality management standards that will take effect soon.  Plus, examine the Auditing Standards Board’s current plan, including current exposure drafts on external confirmations and fraud as well as the soon-to-be-issued exposure draft on attestation standards and sustainability information. 

Speaker:
Mike Glynn, CPA, CGMA, Associate Director and Audit and Attest Standards Staff Liaison, Accounting and Review Services Committee | Association of International Certified Professional Accountants

Utilize data analysis and evaluate trends to examine and discuss today's economic conditions. Come away with useful tips and discoveries to guide your strategic future planning.

Speaker:
Dr. Lynn Burks, Ph.D., Chief Associate | HYA Higher Education Collaborative
Chief Strategy Officer | Brent Sopel Foundation

Artificial intelligence is rapidly changing the audit landscape, but what’s fact and what’s fiction? We’ll place artificial intelligence (AI) “under audit,” and evaluate its strengths, weaknesses, and risks using a familiar audit framework. Break down common myths vs. realities in areas like transaction testing, fraud detection, and report drafting to show where AI adds value and where it falls short. Leave with a practical understanding of how to begin applying AI responsibly in your audit work. 

Speaker:
Ray Beste, Principal, AI Strategist | Sikich

Dive into the thorny practice issues practitioners face when applying ASC 810. Unpack the two principal consolidation frameworks—the voting‐interest and variable‐interest models, highlight key judgment points, and share proven approaches for navigating complexity in today’s reporting environment.  

Speaker:
Sean Prince, CPA, Partner | Crowe

Receive an update on the latest accounting and business ethics issues. Explore real-world ethical violations involving business professionals and walk away with a clear understanding of business ethics in today’s world. 

Speaker:
Daniel Nugent, JD, CPA, Assistant Professor of Accounting and Business Law | University of Wisconsin-Platteville

Test your knowledge while participating in a fun and interactive gameshow activity with your fellow attendees! With questions drawn from both our presenters and our own Illinois CPA Society Content Advisory Group members, this is sure to be a highlight for all. 

Moderator:
Heather Lindquist, CPA, Director, Peer Review & Professional Standards | Illinois CPA Society

Panelists:
TBA