South Carolina Association of CPAs

(LITE01R/27) Data Analytics Essentials for CPAs & Controllers- Rebroadcast
2026-10-30 08:30 - 11:50 (America/Detroit)
Event Description
Through case studies and discussion, this course will explore what data analytics and big data is, how it is being used by companies, and how it could be used in the future. Participants will be given scenarios in which to think about the data available, and how it can be applied within specific company contexts. The focus of the course will be on how to approach big data, so that participants can better utilize the data available to them in their current working lives.
Objectives

Differentiate between data analytics and data mining.
List the different types and dimensions of data.
List the different types of data inquiries that one can make.
State how to maintain data integrity in a corporate environment.
Recall how data can be manipulated by end-users.
Recognize the concept of data governance.
Recognize how companies may utilize data in the future.
Identify the role of AI in data analytics.

(LIAA01R/27) 2026/27 Governmental Auditing Update: Yellow Book & Uniform Guidance - Rebroadcast
2026-11-03 08:30 - 10:10
Event Description
This comprehensive course provides a focused update on key auditing developments affecting GAGAS and Single Audit engagements. The course integrates recent changes to the Yellow Book issued by the U.S. Government Accountability Office with major updates to Uniform Guidance and related Single Audit requirements.
Participants will begin with an overview of significant revisions to the 2024 Yellow Book, including changes related to quality management, key audit matters, and effective dates. The course also addresses the GAO’s implementation delay and its implications for audit planning, along with recent updates to the Green Book that may affect internal control considerations for governmental entities and Single Audits.
The course then shifts to recent developments affecting Single Audits, including the 2024 Uniform Guidance overhaul, updates to Appendix B of the AICPA GAS/Single Audit Guide, and guidance issued through the Office of Management and Budget (OMB). Reporting-related changes, including the transition to SAM.gov-based reporting, are also discussed.
Designed for auditors working with governmental and nonprofit entities receiving federal awards, this course helps participants understand how recent auditing and compliance changes intersect—and what to monitor as expectations continue to evolve.
Objectives

Recall quality management requirements under the 2024 Yellow Book.
Identify changes to the effective date of the 2024 Yellow Book.
Recognize recent updates to the Green Book affecting internal control considerations.
Recognize the impact of the 2024 Uniform Guidance changes on Single Audits.
Identify changes in Appendix B of the AICPA GAS/Single Audit Guide affecting Single Audit engagements.
Recall key changes introduced through recent OMB memoranda relevant to Single Audits.

(LIAA13R/27) Internal Control Frameworks for Single Audit - Rebroadcast
2026-11-03 10:20 - 11:10
Event Description
The Uniform Guidance identifies COSO and the Green Book as best practices for internal controls in governmental audits. This course provides a comprehensive review of the COSO framework, including its 2013 update, and explores its application to the Green Book. Attendees will learn to recall the five components and 17 principles of internal control, understand the benefits of adopting internal control frameworks, and recognize the rationale behind the COSO 2013 update and its impact on auditing practices. Additionally, the course will cover how to leverage Part 6 of the Compliance Supplement to effectively document internal controls.
Objectives

Recall the five components and 17 principles of internal controls
Identify the benefits of internal control frameworks
Recognize the reasons for the COSO 2013 Update

(LIOT11/27) Strategic Government Budgeting: Tools for Long-Term Sustainability
2026-11-03 11:20 - 12:10
Event Description
This course equips participants with the tools and strategies needed to create sustainable, long-term budgets that align with policy goals and ensure fiscal responsibility. Participants will explore key budgeting frameworks, learn techniques for forecasting revenue and expenditures, and analyze scenarios to mitigate financial risks. The course incorporates practical exercises and case studies to provide hands-on experience with scenario planning, enhancing budget transparency and resilience. By the end of the session, attendees will have the knowledge and confidence to design and implement budgets that support long-term governmental priorities and strengthen financial stability.
Objectives

Recall budgeting frameworks and tools to improve long-term budgeting.
Recognize how to create multi-year budgets that ensure fiscal responsibility and align with long-range policy goals.
Identify ways to forecast revenue, plan expenditures, and analyze scenarios to manage financial risks and uncertainties.

(LITX36/27) Tax Planning: Multi-State Nexus, Apportionment, and SALT Exposure
2026-11-03 13:00 - 15:30
Event Description
Gain clarity around the growing risks and planning opportunities tied to multi-state business activity and SALT exposure. This course delivers practical guidance on nexus standards, apportionment methods, and proactive planning strategies to help manage compliance and reduce unexpected state tax liabilities.
Objectives
Identify high-impact federal and South Carolina tax issues that affect planning and compliance decisions. Apply practical planning steps, documentation practices, and risk flags to typical client scenarios. Identify year-end planning actions that improve tax outcomes for businesses, owners, and key stakeholders.

(LIAA30/27) Accounting Estimates, Including Fair Value- Evaluating the Property of Areas With Uncertainity
2026-11-04 08:30 - 10:10
Event Description
Accounting estimates are an approximation of a monetary amount in the absence of a precise means of measurement. The risks of material misstatement for areas of estimation tend to be higher due to the dependence on future events and the intended actions of management. This module will discuss tips and techniques for gathering sufficient appropriate audit evidence to support conclusions related to accounting estimates.
Objectives

List typical areas of estimation and related audit risks.
Explain how to link the assessed risk of material misstatement to a detailed audit plan.
Recall the importance of challenging management’s assumptions when auditing estimates.
Describe fair value modeling techniques, including for non-readily marketable investments .
Describe how to properly evaluate the sufficiency and appropriateness of audit evidence and resulting conclusions when there is accounting uncertainty.

(LIMG04/27) Critical Technical Skills for CFOs and Controllers
2026-11-04 10:20 - 13:40
Event Description
Accounting and finance managers and executives must demonstrate sound technical and analytical skills necessary for personal growth and organizational success. This course will provide insights into the most critical technical and analytical skills needed by CFOs and Controllers – or those that want to be!
Objectives
Recognize the benefits of taking a methodical approach to strategic and business planning.
Recall how to design useful key performance metrics.
List common methods for analyzing financial statements
Identify how to assist in Enterprise-Wide Risk Management.

(LIAA31/27) The Audit Risk Model – Understanding Foundational Principles
2026-11-04 13:50 - 15:30
Event Description
Financial statement auditors are engaged to provide reasonable assurance that financial statements are not materially misstated, whether due to fraud or error. Professional standards require auditors to obtain sufficient and appropriate evidence to support that opinion. It is critical for effective and efficient auditors to have a clear understanding of all the important elements and concepts related to properly identifying, evaluating, and deciding how to respond to risk in a financial statement audit.
Objectives

Recall the basis for an audit
Explain the auditor’s professional responsibilities
Identify important audit concepts, such as materiality
Explain the foundational principles of the audit risk formula
Recognize considerations when Identifying and assessing risk of material misstatement

(LIAA32/27) A Guide to Sampling - Part 2
2026-11-05 08:30 - 10:10
Event Description
Building on Part 1, this course will review the application of sampling in financial statement audits with a focus on sampling for tests of controls. We’ll also review the requirements for sampling in Single Audits with a focus on tests of controls and tests of compliance.
Objectives

Identify the proper application of AU-C 530 for internal controls
Recall the requirements for sampling for Single Audits

(LIAA33/27) How to Audit Inventory
2026-11-05 10:20 - 12:00
Event Description
Inventory observations are often a right of passage for audit staff. This course will cover the basics of auditing inventory, including the related audit assertions, risks, & threats to inventory. During this course, we will also highlight the various substantive auditing procedures that staff should perform, and also walk through how to conduct a physical inventory observation.
Objectives

Recall the audit assertions applicable to inventory
Recognize risks & threats related to the inventory balance
Identify substantive auditing procedures that are used to obtain comfort over inventory

(LIOT12/27) Power Skills: Your Guide to Professionalism and Client Interactions
2026-11-05 13:00 - 14:40
Event Description
Client interactions and professionalism are at the core of what we do as accountants. However, communication with clients is not always as straightforward as it may seem. Sometimes there will be difficult conversations and disagreements that can be tough to navigate. During this course, we will discuss best practices when communicating with the client, and also walk through complicated scenarios to practice what we learn.
Objectives

Recall best practices in professionalism during oral and written communication with clients

(LIOT13/27) Public Procurement Basics: Protecting the People's Money
2026-11-05 14:50 - 16:30
Event Description
Procurement is a critical component of successful government operations. While there are challenges in public procurement, there are a number of guidelines and requirements that will help lead you to success. This course will offer guidance on how governments can meet complicated procurement needs and develop best practices that protect public and Federal funds.
Objectives

Identify the four pillars of public procurement.
Recall best practices in procurement.
Recall the Procurement Standards in the Uniform Guidance.
Identify the 2024 changes to the procurement standards.

(LIET08/27) SC Regulatory Ethics: Rules & Regulations (SC Statutes and Regulations) - Rebroadcast
2026-11-10 08:30 - 10:10
Event Description
This course covers ethical frameworks and rules regarding CPA practice and responsibilities. This course will meet the two-hour annual ethics requirement for SC CPAs.
Objectives
Explain the core principles and responsibilities outlined in the AICPA Code of Professional Conduct and applicable state regulations. Recognize common ethical challenges facing accounting professionals and evaluate appropriate responses based on regulatory guidance. Apply ethical decision-making frameworks to real-world scenarios while understanding the consequences of non-compliance with professional standards.

(LIAA34/27) Yellow Book Update
2026-11-12 08:30 - 10:10
Event Description
This course will cover the latest in independence, quality control, audit planning, and more required by Government Auditing Standards (Yellow Book).
Objectives
List important requirements of Government Auditing Standards o Explain important areas of emphasis within the Yellow Book.

(LIAA35/27) Accounting and Reporting Long-Term Debt
2026-11-12 10:20 - 12:00
Event Description
Debt is typically a critical component of the financial statements, impacting the economic decisions of financial statement users. This course will address common issues that may impact the proper presentation and disclosure of debt, including debt covenant compliance and other issues that impact classification of the liability between current vs. noncurrent.
Objectives
Discuss accounting implications for hybrid debt and equity instruments.

(LIAA36/27) Auditing Bits in BytesTM – A Practical Break-Down of “Real World” Best Practices Applied in Highly Successful Audits: Segment 3: Evaluating the
2026-11-12 13:00 - 14:40
Event Description
This series will provide valuable tips and techniques from an experienced auditor to successfully design and perform financial statement audits in “real-life” circumstances. Practical understanding of principles and standards can result in a high-quality, insightful, and profitable engagement.
Objectives

Describe the requirement to evaluate the design and implementation of internal control as part of the risk assessment process.
Explain the considerations when deciding whether it is necessary or desirable to test the operating effectiveness of internal controls to reduce assessed risk of material misstatement.
Apply best practices in understanding one of the most commonly misunderstood and misapplied aspects of the audit process.

(LIAA37/27) Leases Accounting under Topic 842 – Answers to FAQ After Implementation
2026-11-12 14:50 - 16:30
Event Description
Lease accounting under FASB ASC 842 is now fully effective for all entities. Transitioning to new GAAP always leads to implementation issues and concerns. This course will answer the most common questions asked related to the latest lease accounting and financial reporting requirements after adoption and transition.
Objectives

List significant requirements of Topic 842 lease accounting and reporting
Recall answers to FAQ related to lease accounting and reporting after adopiton

(LITX37/27) Understanding Partnership Taxation - Schedules K-2 & K-3
2026-11-13 08:30 - 12:10
Event Description
The Schedule K-2 & K-3 reporting requirements have been challenging for many practitioners. Confusing guidance on who needs to file and relief from stiff penalty provisions are only half the battle. How do these forms change the calculation of the foreign tax credit on Form 1116? What about the Form 1118? Do Form 8865 filers need to worry about Schedule K-2 & K-3? In this course, we will explore these questions and how the Schedule K-2 and K-3 affect the foreign tax credit calculation. Using examples and plain language, we will show how forms, like Form 1116 and others, are impacted by the new requirements.
Objectives
Identify situations where a Schedule K-2 or K-3 must be filed for a partnership or S-Corporation.
State potential remedies to failure to file Schedule K-2 or K-3.
Recognize the key parts of Form 1116 that are affected by Schedule K-2 & K-3.
Recall which taxpayers do not need to file Form 1116 – State how Form 1118 is affected by Schedules K-2 & K-3.
Identify which Form 8865 filers need to file Schedule K-2 & K-3.

(LIET09/27) SC Regulatory Ethics: Rules & Regulations (SC Statutes and Regulations) - Rebroadcast
2026-12-01 08:30 - 10:10

(LITX39/27) Practice & Regulatory Update for Financial Advisors – End of Year 2026
2026-12-02 08:30 - 11:50
Event Description
The regulatory world is complex for financial advisors. Not only are you subject to SEC and FINRA regulations, but also what the IRS does as well. Clients expect you to be on top of what is happening in the world of investing, insurance, and taxes. It is not enough to just know the code section or the final rule affecting them. Your clients want to know how changes and updates affect their financial well-being. And what if you are a Certified Financial Planner? Then we need to worry about CFP Board too! It is enough to make your head spin!
That’s where our quarterly practice and regulatory update can help. In this 4-hour update, we will focus on year-end financial and tax planning strategies for your advisory clients, review SEC regulatory priorities heading into 2027, and discuss estate planning opportunities arising from OBBBA’s enhanced exemption amounts. We’ll also cover year-end retirement planning strategies, RMD considerations for year-end client meetings, and new CFP continuing education reporting requirements. Don’t worry. We won’t just hurl code sections at you. Using practical and easy to understand examples, we will illustrate the concepts that mean the most to you – so you will be well-prepared for the many things that a client throws your way!
Objectives
• State year-end financial and tax planning strategies for advisory clients under current law.• Identify SEC regulatory priorities and new compliance requirements heading into 2027.• Recognize estate planning opportunities arising from OBBBA-enhanced exemption amounts.• Recall year-end retirement account and RMD planning considerations for advisory clients.• State new CFP continuing education reporting requirements and credentialing updates.

(LITX40/27) Keeping Up with the Tax Code - Basis Calculations for S-Corps & Partnerships
2026-12-02 13:00 - 13:50
Event Description
Whether you are an experienced veteran or new to the industry, one of the toughest parts of being a tax practitioner is keeping up with all of the changes in tax legislation. The Keeping Up with the Tax Code series takes a look at recent changes to tax law from a practitioner perspective. We don’t just hurl code sections at you without explanation. Using examples, problems, and plain explanations, we explore a mix of new tax issues and areas of the code that tend to be misunderstood in a practical and straight-forward way. In this session, we will explore the differences in the basis calculation between S-Corps and partnerships. We will also explore when an owner may have debt basis.
Objectives
State the differences between basis calculations for a partnership and an S-Corporation.
Identify when debt increases basis in an S-Corporation and partnership.
Recall the effects of PPP loan forgiveness on S-Corporation shareholder basis and partnership basis.

(LITX41/27) Understanding S-Corp Taxation - Late S-Elections, Disproportionate Distributions, Selling Shares
2026-12-02 14:00 - 14:50
Event Description
S-Corporation taxation has lots of pieces. There are helpful elections you can make that can potentially save your client money. There are rigid rules to be adhered to. For example, if there is more than one class of stock, it can terminate the S-election. Learning how to successfully navigate these rules can make all the difference. In this course, we will be discussing some of the more common specialty areas experienced by practitioners – late filing relief for S-elections, disproportionate distributions, and selling S-Corporation shares. While these items may not come up on every single Form 1120-S, you will be able to add more value to clients when they do!
Objectives
Recall the rules for a late S-election.
Identify the tax implications of an S-Corporation making disproportionate distributions to S-Corp shareholders.
Recognize the tax rate applicable to the sale of S-Corporation shares.

(LITX13R/27) 2026 State Tax Trends - Rebroadcast
2026-12-03 13:00 - 14:40
Event Description
Stay ahead of state and local tax risk with focused guidance tailored to South Carolina requirements. This course addresses nexus standards, employee and vendor withholding issues, and audit readiness strategies to help manage SALT exposure with confidence.
Objectives
Recognize SALT triggers; apply SC considerations; prepare for audit questions. Apply current federal and South Carolina guidance to common filing, planning, and compliance scenarios. Use checklists and review steps to reduce errors in entity and individual workflows. Identify high-risk positions, documentation requirements, and audit triggers; strengthen workpaper support. Evaluate fact patterns to select treatment, elections, and documentation steps.

(LITX42/27) Client Advisory Services Tax Update – End of Year 2026
2026-12-04 08:30 - 11:50
Event Description
If you are a client-facing tax practitioner that is looking for a tax update that gives practical advice without all the fluff, this is the course for you! As the year winds down, CAS professionals face a wave of year-end deadlines, planning opportunities, and questions from clients. In this course, we’ll cover year-end payroll and information reporting obligations, IRS enforcement priorities heading into 2027, and new forms and filing requirements taking effect in the next filing season. We’ll also explore employee benefit plan year-end considerations and provide a clear summary of where OBBBA implementation stands as the year closes—so you can advise clients with confidence. It is all in this tax update – made especially for those professionals in client advisory services!
Objectives
• State year-end payroll tax and information reporting obligations for CAS professionals and their clients.• Identify IRS enforcement priorities and audit focus areas heading into the 2027 filing season.• Recognize new or revised tax forms and filing requirements taking effect for 2027.• Recall employee benefit plan contribution limits and year-end planning opportunities for 2026.

(LITX43/27) Understanding S-Corp Taxation - Shareholder Basis, AAA & Retained Earnings
2026-12-04 13:00 - 14:10
Event Description
Even though they have been around for several years, the tax laws pertaining to S-Corporations remain some of the more difficult areas of the Internal Revenue Code. Given the rising popularity of S-Corporations, understanding how shareholder basis and the equity section of the balance sheet work together for tax purposes is imperative for nearly any tax practitioner. In this course, we will discuss this relationship. Using examples and illustrations, we will show how contributions, operating transactions, and distributions affect both shareholder basis as well as equity.
Objectives
Recognize the formula for calculating S-Corp Shareholder basis.
Identify the items of income and deduction that are allocated to AAA, PTI, AE&P, and OAA.
Calculate the tax effects of a distribution on shareholder basis and AAA.

(LITX44/27) Keeping Up with the Tax Code - Schedules K-2 & K-3
2026-12-08 08:30 - 09:40
Event Description
Whether you are an experienced veteran or new to the industry, one of the toughest parts of being a tax practitioner is keeping up with all of the changes in tax legislation. The Keeping Up the Tax Code series takes a look at recent changes to tax law from a practitioner perspective. We don’t just hurl code sections at you without explanation. Using examples, problems, and plain explanations, we explore a mix of new tax issues and areas of the code that tend to be misunderstood in a practical and straight-forward way. In this session, we will explore filing requirements, reporting, and penalties for Schedules K-2 & K-3.
Objectives
Identify situations where a Schedule K-2 or K-3 must be filed for a partnership or S-Corporation.
State potential penalties for not filing a Schedule K-2 and K-3.
Identify potential remedies to failure to file Schedule K-2 or K-3.

(LITX45/27) Federal Tax Update for Businesses – End of Year 2026
2026-12-08 09:50 - 13:10
Event Description
Being a tax practitioner over the last few years has been tough! The tax landscape is constantly changing, and this shows no signs of slowing down. With the passage of the One Big Beautiful Bill Act (OBBBA) and the more recent guidance about it, there’s even more for practitioners to keep up with. Now more than ever, you need more than just new code sections hurled your way—you need a reliable and practical way to stay on top of new legislation, IRS focus areas, and key developments affecting your clients. We’ll walk through recent updates for employers related to tip deduction and overtime deduction reporting. We will also talk about those tricky expiration dates related to green energy credits. Finally, we will discuss disproportionate distributions to partners. Through discussion and easy-to-follow examples, you’ll be better prepared to answer tough client questions and stay current year-round. Not just during tax season!
Objectives
State the major provisions of the OBBBA related to businesses.
Identify recent guidance related to the tip deduction and overtime deduction for employers.
State when green energy credits may be taken and when they expire in accordance with recent guidance.
Recognize differences in tax implications and reporting for proportionate and disproportionate distributions.

(LITE10/27) MFA + Password Manager Rollout Plan
2026-12-09 08:30 - 09:20
Event Description
Create a clear, practical roadmap for implementing multi-factor authentication and password managers across your organization. This course outlines best practices, common adoption challenges, and rollout strategies to strengthen security while minimizing user resistance.
Objectives
Apply one control improvement; reduce common attack/fraud risks; validate steps. Apply cybersecurity and data protection controls to reduce breach and fraud risk. Use AI and analytics responsibly with verification, documentation, and confidentiality safeguards.

(LITE11/27) Secure File Sharing and Retention
2026-12-09 09:30 - 10:20
Event Description
Ensure sensitive files are shared securely while meeting retention and compliance obligations with confidence. This course covers best practices for secure file sharing, access controls, and retention policies to reduce risk and protect organizational data.
Objectives
Apply one control improvement; reduce common attack/fraud risks; validate steps. Design practical policies (WISP/AI) and implementation checklists for teams and vendors. Apply cybersecurity and data protection controls to reduce breach and fraud risk.

(LITX46/27) Exploring Client Advisory Services - Working with Foreign Contractors
2026-12-10 08:30 - 09:20
Event Description
In an increasingly online world where geography is less important, some companies are looking outside of the United States for talent. However, foreign contractors have many unique tax attributes – and their filing requirements can differ depending on if they are classified as a resident or nonresident alien. In this course, we will discuss basic tax requirements related to foreign contractors. Using discussion and examples, we will identify situations to watch out for and when certain forms may be required. We will also discuss what to do in the case of worker misclassification.
Objectives
Recognize the difference between Resident Aliens and Non-Resident Aliens.
State situations that would require the filing of a W-8BEN or Form 1042.
Recall when back-up withholding may be required for certain taxpayers.
Identify qualifications for the IRS Voluntary Classification Settlement Program (VCSP).
