Cybersecurity for Tax Preparers

Learning Objectives:

• Identify how criminals commit acts of cyber fraud.
• Identify cybersecurity internal controls that will protect your company from cyber criminals
• Identify the IRS cybersecurity recommendations for tax professionals

Webinar Agenda

Failure to comply with the rules could result in fines, suspensions, loss of licenses, or disbarment from practice

Webinar Highlights

• The IRS WISP requirements
• Cyber risk assessments
• FTC Safeguards Rule requirements
• Requirements under the Gramm-Leach-Bliley Act
• Requirements for securing customer PI

Program Description:

The IRS has recently updated its guidelines for data and cyber security placing new responsibility for the security of taxpayer’s personal information on tax preparers. This course is designed for tax professionals who collect and store client’s personal information, who would like to obtain an understanding of data and cybersecurity. You have probably heard of some of the more common types of cyber crimes such as ransomware, spyware, computer viruses, phishing, vishing, spoofing, data breaches, denial of service attacks, hacking, etc. This course is designed to familiarize tax professionals who are not information technology (IT) experts on data breach and cybersecurity risks and internal controls. We will review the IRS recommendations for securing taxpayer information. We will cover the material in a plain language, nontechnical manner. We will cover what you need to know, but not how to write the computer programs or code.

This course would be appropriate for CPAs, CFEs, CMA, CIAs, CFFs, MAFF, CGMAs, CFOs, CEOs, EAs, and others who prepare taxes or obtain and manage taxpayer information.

The Corporate Transparency Act – Are you ready to comply

Learning Objectives:

• Recognize the requirements of the Corporate Transparency Act
• Identify Beneficial Owners

Program Description:

Congress passed the Corporate Transparency Act in 2020 and the reporting requirements start on January 1, 2024. With fines set at $500 per day and up to 2 years in jail for failure to comply with the reporting provisions of the act it is important for accountants, auditors, business owners, business managers, and individuals who have a controlling interest in a business to understand the reporting requirements. Are you aware of what companies or entities need to report. Do you know what entities are exempt from reporting beneficial ownership. Do you understand the new requirements for business formations that go into effect on January 1, 2024. This webinar will review the requirements of the Corporate Transparency Act and provide a plain language walkthrough of the provisions.

This course would be appropriate for CPAs, CFEs, CMA, CIAs, CFFs, MAFF, CGMAs, CFOs, CEOs, EAs, business owners, business managers, and others involved in business formation or management process..

Fraud & Forensic Accounting – 2024 Update

Program Description:

This course is designed to look back at developments and trends in fraud and forensic accounting field that occurred in 2023. We will review some information from the news, and discuss trends in the profession. This course is designed to be an update for anyone in the industry. We will also discuss industry trends expected in 2024.

Learning Objectives:

• Identify recent trends and issues in the fraud investigation field
• Identify recent trends and issues in the forensic accounting field

Session Highlights:

• Recap of 2023: We commence by revisiting key events, landmark cases, and regulatory developments that unfolded in 2023, offering a comprehensive retrospective of the year’s significant milestones and their impact on the profession.
• Unveiling Trends: Drawing from real-world examples and industry insights, we dissect prevalent trends and patterns observed in fraud schemes and forensic accounting practices. From cyber fraud to creative accounting techniques, we unravel the intricate web of deceptive practices plaguing organizations.
• Forensic Techniques Unveiled: Navigate through advanced forensic techniques and methodologies employed to uncover financial irregularities, including data analytics, digital forensics, and investigative interviewing strategies. Gain practical insights into leveraging technology and analytics to enhance investigative capabilities.
• Regulatory Landscape: Explore the evolving regulatory landscape governing fraud detection and forensic accounting, with a focus on recent legislative updates and regulatory enforcement trends. Understand the implications for compliance and risk management strategies.
• Looking Forward to 2024: Peer into the crystal ball as we anticipate forthcoming trends and challenges set to shape the fraud investigation and forensic accounting landscape in 2024. From emerging fraud schemes to regulatory shifts, equip yourself with foresight to adapt and thrive in an ever-changing environment.

Who Should Attend:

This course is designed to be a refresher course for CPAs, CFEs, CIAs, CMAs, MAFFs, CFFs, and others in the accounting, forensic accounting, fraud investigation, or auditing field.

Working With Personal Financial Statements

Are you working with small business owners or high net worth clients? Have you been asked to prepare or review personal financial statements or to issue a comfort letter for a client?

Personal financial statements are prepared for individuals, or married couples, to formally organize, document, and plan their financial affairs in general or for specific purposes, such as obtaining credit, income tax planning, retirement planning, gift and estate planning, or public disclosure of their financial affairs. This webinar will discuss the authoritative guidance related to preparing and reporting on personal financial statements and how to interpret the guidance.

Attendees will benefit from this webinars guidance on preparing and reporting on personal financial statements.

Learning Objectives:

• Recognize how to prepare personal financial statements
• Determine the proper disclosures for personal financial statements
• Understand the concept of “estimated current value”
• Understand the reporting requirements related to personal financial statements

Who Should Attend:

This course would be appropriate for CPAs, CFEs, CMA, CIAs, CFFs, MAFF, CGMAs, CFOs, CEOs, EAs, and others who might prepare or review personal financial statements.