Lay the groundwork for effective ERISA audits

The new standards will enhance audits performed under the Employee Retirement Income Security Act (ERISA). Understanding the clarified responsibilities of auditors and clients will ensure that you're familiar with ERISA auditing and reporting best practices.

Identify audit procedures required for investment activity, contributions, benefit payments, or withdrawals at the participant level in this all-new webcast. Join us to learn how to alter your procedures depending on the type of audit and risk assessment and determine the classification of common plan investments.

You will also gain valuable knowledge on GAAP presentation and disclosure requirements for EBP financial statements.

Learning Objectives:

· Identify auditing procedures for the statement of net assets available for benefits and the statement of changes in net assets available for benefits.

· Recognize the types and classification of common plan investments.

· Distinguish plan investment audit procedures based upon type of audit and risk assessment.

· Identify audit procedures at the participant level required for investment gains (or losses), contributions, and benefit payments or withdrawals.

· Recognize the presentation and disclosure requirements in accordance with GAAP.

Who will benefit:

· Auditors of employee benefit plans

· Practitioners considering the addition of EBP audits as a service offering

· Accountants in business and industry responsible for company benefits

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING PORTAL. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.

What you need to know about the lessee and lessor accounting models This course explains the lessee accounting model, including

- Lease and non-lease components

- Lease classification

- Amortization of the right-of-use asset

- Interest on the lease liability

This course also explains the lessor accounting model, including

- Transfer of risk

- Profit recognition

- Collectibility

Included in this course are detailed and illustrated examples with amortization tables and journal entries.

Learning Objectives:

· Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842.

· Recognize lessor accounting requirements for sales type, direct financing, and operating leases under FASB ASC 842.

Who will benefit:

· Accountants and finance professionals

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING PORTAL. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.

Bounded ethicality explores the edges of ethical decision-making and the invisible borders that exist in our ethical judgment. In an entertaining and enlightening session, we will unveil surprising judgment errors we make when we face ethical dilemmas and search for the reasons behind them. We will explore areas of ethical decision-making where people consistently predict they will do the right thing but rarely do so. We will find out why people repeat stubborn errors of ethical judgment, and review steps that behavioral researchers have identified that can help us stop making these errors once and for all. We will identify ways to recognize our own errors and steps we can take to improve our ethical thinking. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics covered in this course include:

• Internal transparency
• Implicit association
• Concrete versus abstract processing
• Temporal bias
• Ethical fading

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Fringe benefits are just another way of paying your employees. Do you know how to correctly track fringe benefits, as well as apply and report the various withholding tax rules for those fringe benefits? The IRS says fringe benefits must be included in and reported as a part of employee pay, but with any good tax law, there are always exclusions to that rule. Knowing how to handle fringe benefits can be complicated, especially in an area that changes on an annual basis. Attendees will leave with an understanding of what the requirements are around fringe benefits, what constitutes a fringe benefit, and whether it is taxable or not. We will also explore the evergreen areas of reporting S-Corp Shareholder Health, HSA, and when cash is not taxable compensation. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics covered in this class include:

• What is and what is not a fringe benefit
• Payroll tax withholding rules on taxable fringe benefits
• Payroll reporting on employee checks, payroll returns, and W-2s
• What to watch for at year end and where to go to get resources

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Explore the ethical principles included in the Code of Professional Conduct that address the emerging practice issues created by new technologies. Consider how technologies may impact audit quality and the integrity of the financial systems, and whether they create a need for CPAs to adjust their skill sets to address those challenges. Look at the potential ethical challenges created by the data related to privacy, security, and its application. Discuss the changes being proposed to address emerging ethics challenges. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this class include:

• The foundational ethical principles CPAs are required to follow and how these principles apply to audit quality, data privacy and security, and the use of emerging technologies.
• The profession's need to change to meet its ethics standard in a technology-centric environment.
• Changes being considered by the AICPA and the National Association of State Boards of Accountancy that could impact the profession.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Distribution testing, investments and audit wrap-up (bold)

Employee benefit plan audits are quite different from corporate audits and require an understanding of the unique audit areas specific to plans.

Part 3 of the 401(k) audit basics series addresses distribution testing, investments and audit wrap-up, including:

- The various types of plan distributions and benefit payments

- Types of plan investments and the related disclosures

- ERISA Section 103(a)(3)(C) and non-Section 103(a)(3)(C) audits and the common issues and errors typically seen in these areas

- Wrapping up the audit

- Common issues and errors seen in these areas

Learning Objectives:

· Identify various types of plan investments.

· Distinguish required investment disclosures.

· Recall unique aspects of ERISA Section 103(a)(3)(C) and non-Section 103(a)(3)(C) audits and the common issues and errors typically seen in these areas.

· Identify the various types of plan distributions and benefit payments.

· Recognize issues to consider in wrapping up the audit.

Who will benefit:

Auditors new to employee benefit plan auditing

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING PORTAL. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.

Excel can do so many things but what are some of the features that can really help accountants take their Excel skills to the next level? This course is designed to do just that. To learn ALL the capabilities of Excel would take hundreds of hours of training, so this two-hour course is designed to give you a jump start on the most important features that you can immediately begin implementing in your spreadsheets. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this class include:

• Overview of setting up spreadsheets for data analysis and how Excel Tables can help
• Learning the importance of Consistent Column Calculations
• How to use Conditional Formatting to highlight important information
• How to leverage Excel Tables by analyzing them in PivotTables
• Learning to leverage array formulas

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Payroll is everywhere. It is one of the most common tasks an employer can perform and can be found embedded in nearly every facet of the business and individual tax realm. For many, it is something they encounter regularly, but without any knowledge of how it really works, so it remains a black box. Join us as we un-box the Top 10 most commonly asked questions about payroll from an employer perspective. We'll cover the answers to questions you didn't even know you had and build on the fundamentals of payroll that will help make that black box a bit more transparent. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics in this class include:

• Questions and answers for 10 of the most commonly asked questions employers and business owners have about payroll
• Payroll taxes and payroll return requirements for employers
• Payroll-related requirements affecting employers, including overtime and bonus withholding.
• Federal and state requirements related to common payroll issues, including pay stub and pay frequency.
• Organizational and business strategies that employers should consider when running payroll, including frequency of pay, who is running payroll, how best to pay your employees, and record retention policies.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Advance is a bi-yearly, comprehensive program that's free for members! 

Join us as we touch on topics within each learning competency and provide a high-level overview of what's ahead in the coming months. This 3-hour presentation is led by OSCPA President and CEO, Scott Wiley, CAE, and features short video interviews with experts in important sectors of the profession. There is also a LIVE Q&A with Scott at the end of the program.

Don't miss out on this fresh content and three hours of complimentary CPE!

Disclaimer: Per CPE rules you can only claim credit once per reporting period for the same course. We ask you to only enroll in one Advance session per event (i.e. Spring Advance and Fall Advance).

The most pressing tax matters affecting individuals, estates, and trusts in 2023 [bold]

With so many tax developments that come up during the year, it’s hard to stay on top of every salient issue. In this all-new-for-2023 course, learners get a tailored list of updates that highlight only the most pertinent issues concerning individuals, estates, and trusts from the past year.

Insights to study before tax season [bold]

Learners are provided with in-depth explanations of budding issues that their clients may face.

From the treatment of non-fungible tokens (NFTs) as collectible property to the deductibility of certain medical care expenses, course materials dive into the latest IRS pronouncements and case law to help practitioners serve their clients.

Developments include:

- 2023 rate tables

- Taxation of fringe benefits

- A U.S. Supreme Court decision on IRS summons

- Expanded clean-energy credits

- Treatment of NFTs as collectibles

- Deduction substantiation for cryptocurrency donations

- Medical care expense deductibility

Learning Objectives:

· Identify the correct 2023 rate tables and standard deduction applicable to filers.

· Identify fringe benefits that are partially excluded from income.

· Recognize the 2023 COLA adjustments related to retirement plans.

· Identify the correct standard mileage rate for different categories of mileage in 2023.

· Identify updated tax credits for 2023.

· Recognize developments in the treatment of cryptocurrency and NFTs.

· Recognize the IRS's authority to issue summons.

· Recall hobby loss rules.

· Recognize the tax treatment of certain medical expenses.

· Identify the basis of assets transferred in trust upon the death of a trust's owner.

Who will benefit:

· Accountants and finance professionals

· CPAs, senior associates, managers and partners

· Tax professionals

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING PORTAL. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.