BEGIN:VCALENDAR VERSION:2.0 PRODID:-//South Carolina Association of CPAs - ECPv6.17.1//NONSGML v1.0//EN CALSCALE:GREGORIAN METHOD:PUBLISH X-WR-CALNAME:South Carolina Association of CPAs X-ORIGINAL-URL:https://sc.cpa X-WR-CALDESC:Events for South Carolina Association of CPAs REFRESH-INTERVAL;VALUE=DURATION:PT1H X-Robots-Tag:noindex X-PUBLISHED-TTL:PT1H BEGIN:VTIMEZONE TZID:America/Detroit BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20260308T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20261101T060000 END:STANDARD BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20270314T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20271107T060000 END:STANDARD BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20280312T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20281105T060000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045544Z CREATED:20260612T224418Z LAST-MODIFIED:20260613T045544Z UID:10006415-1814356800-1814356800@sc.cpa SUMMARY:(SSAA126/27) Surgent's Understanding and Testing General Information Technology Controls DESCRIPTION:Event Description\nThe information technology component of the COSO Framework’s Information and Communication element is a very important part of an entity’s business processes. Controls over information technology (IT) are effective when they maintain the integrity of information and the security of the data the systems process and when they include effective general IT controls (GITC) and application controls. GITC are policies and procedures that function as the foundation to support the effective operation of the system’s application controls. The increasing complexity of IT systems in many entities has resulted in a greater focus around controls in the IT environment. There is a growing trend toward automation of processes and controls as more and more entities adopt advanced IT products and services to enable greater efficiency in operations\, compliance\, and reporting activities. This requires an increased focus on the entity and the auditor on GITC. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 4.) \nDesigned For\nAccountants with several years in the auditing profession \nObjectives\n\nDistinguish between GITC and application controls\n Identify the 4 major categories of GITC\n Discuss when it is sufficient for the auditor to understand GITC and when testing is useful or required.\n Identify specific controls in each of the GITC categories.\n\nMajor Subjects\nDefining GITC and application controls Major categories of GITC Understanding GITC Testing GITC \nInstructions\nNone URL:https://sc.cpa/event/ssaa126-27-surgents-understanding-and-testing-general-information-technology-controls-2/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045615Z CREATED:20260612T224420Z LAST-MODIFIED:20260613T045615Z UID:10006416-1814356800-1814356800@sc.cpa SUMMARY:(SSOT145/27) Surgent's Building Trustworthy AI Systems in Finance: The NIST AI RMF Approach DESCRIPTION:Event Description\nAs organizations worldwide integrate artificial intelligence into their operations\, ensuring ethical and responsible use is essential. This course provides finance and accounting and auditing professionals with the insights and practical tools needed to implement the National Institute of Standards and Technology (NIST) AI Risk Management Framework (AI RMF). Participants will explore the framework’s principles of accountability\, transparency\, and ethical AI\, learning how to assess and manage risks unique to their field of practice. Using real-world case studies and interactive activities\, attendees will develop strategies to mitigate bias\, enhance data privacy\, and ensure compliance while leveraging AI to drive innovation and growth. \nDesigned For\nCPAs and finance professionals in public accounting and industry\, including CFOs\, controllers\, financial managers\, auditors\, and analysts\, who want to understand the NIST AI RMF and its practical applications for managing AI risks\, ensuring ethical practi \nObjectives\n\nUnderstand the core principles and functions of the NIST AI Risk Management Framework (AI RMF)\n Identify and evaluate AI-related risks specific to finance and accounting and auditing\, including data privacy\, model bias\, and operational vulnerabilities\n Apply the NIST AI RMF to implement governance structures\, risk management strategies\, and monitoring processes for AI systems in finance\n Analyze and enhance the trustworthiness of AI systems by focusing on accountability\, transparency\, fairness\, and security\n Develop practical approaches to align AI systems with ethical guidelines\, regulatory requirements\, and organizational goals \n\nMajor Subjects\nIntroduction to the NIST AI RMF: overview and objectives; importance of managing AI risks in finance and accounting and auditing; and comparative analysis with global standards\, such as the EU AI Act Core Components of the NIST AI RMF: governance (establishing accountability for AI systems)\, mapping (identifying risks across the AI lifecycle)\, and measuring (developing metrics for evaluating risk) Applying the NIST AI RMF to Finance and Accounting: strategies for identifying\, assessing\, and managing risks unique to finance and accounting and auditing; practical approaches to data governance\, model validation\, security controls\, and incident response; and monitoring and adapting AI systems to align with evolving technologies and regulatory requirements Trustworthy AI Characteristics: accountability and transparency in financial operations; addressing privacy\, security\, and ethical concerns; and ensuring fairness and reliability in AI applications \nInstructions\nNone URL:https://sc.cpa/event/ssot145-27-surgents-building-trustworthy-ai-systems-in-finance-the-nist-ai-rmf-approach-2/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045618Z CREATED:20260612T224421Z LAST-MODIFIED:20260613T045618Z UID:10006417-1814356800-1814356800@sc.cpa SUMMARY:(SSTX191/27) Surgent's Mastering the Offer in Compromise: Strategies for Preparation and Negotiation DESCRIPTION:Event Description\nThis course is designed to equip tax professionals with a deep understanding of the IRS offer in compromise (OIC) program. Participants will learn the strategic\, procedural\, and practical elements of preparing and negotiating successful OICs for taxpayers facing significant tax liabilities. The course will walk through the eligibility criteria\, financial analysis standards\, supporting documentation requirements\, and techniques to enhance the likelihood of IRS acceptance. Common pitfalls\, recent trends\, and real-world case studies will also be covered. \nDesigned For\nAccounting and finance professionals looking for the latest information on filing and negotiating offers in compromise \nObjectives\n\nPrepare accurate and comprehensive Forms 656 and 433-A(OIC)/433-B(OIC)\n Navigate the IRS OIC process\, including timelines\, required documentation\, and appeals\n Identify the various types of OICs (doubt as to collectability\, doubt as to liability\, effective tax administration)\n Assess client eligibility using the IRS Reasonable Collection Potential (RCP) framework\n Evaluate and document special circumstances for effective tax administration \n Apply negotiation strategies to increase the chances of OIC approval\n Avoid common errors that lead to automatic rejection or return of the offer\n\nMajor Subjects\nIntroduction to the OIC program Types of OICs Eligibility criteria Financial analysis Offer amount calculation Preparing Forms 656 and 433-A(OIC)/433-B(OIC) Supporting documentation and strategy OIC submission and IRS review process Appeals and negotiation techniques Best practices and common pitfalls Real-world scenarios and case studies \nInstructions\nNone URL:https://sc.cpa/event/sstx191-27-surgents-mastering-the-offer-in-compromise-strategies-for-preparation-and-negotiation/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045619Z CREATED:20260612T224422Z LAST-MODIFIED:20260613T045619Z UID:10006418-1814356800-1814356800@sc.cpa SUMMARY:(SSAA127/27) Surgent's Accounting Hot Topics DESCRIPTION:Event Description\nIn addition to being experts on the nuts and bolts of accounting and auditing\, experienced auditors must also be aware of the emerging trends in our industry\, as well as those complex topics with which we don’t need to deal on an everyday basis. In this session\, we’ll cover some of those emerging and challenging topics.First\, we’ll review technology hot trends and how they will likely impact your clients and how you will need to address them in your audit risk assessments and procedures. Next\, as the FASB continues to implement more opportunities to value assets and liabilities at their fair value\, we’ll review the accounting definition of fair value and how it’s determined. Lastly\, we’ll review two areas that use fair value concepts pervasively\, accounting for business combinations and asset impairment. With a sound understanding of the basic accounting concepts related to these complex topics\, auditors will be able to significantly enhance the level of services that they can provide to their clients. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 4.) \nDesigned For\nAccountants with several years in the auditing profession \nObjectives\n\nIdentify key technology trends and how they will be impacting the accounting profession\n Recall key provisions of ASC 820 related to fair value\n Identify key accounting considerations related to business combinations\n Identify accounting considerations related to asset impairment\n\nMajor Subjects\nTechnology trends and hot topics Fair value concepts Accounting for business combinations Asset impairment accounting \nInstructions\nNone URL:https://sc.cpa/event/ssaa127-27-surgents-accounting-hot-topics/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045621Z CREATED:20260612T224424Z LAST-MODIFIED:20260613T045621Z UID:10006419-1814356800-1814356800@sc.cpa SUMMARY:(SSAA136/27) Surgent's Lease Accounting: The Impact of Changing Standards on Both Lessors and Lessees DESCRIPTION:Event Description\nThe effective date for ASU 2016-02\, Leases (Topic 842) is finally here. The new standard eliminates one of the largest forms of off-balance sheet accounting and requires most leases to be brought onto the balance sheet irrespective of their classification as either financing or operating. The new guidance in ASC 842 also makes other changes in lease accounting for both lessees and lessors. This course will discuss the impact of these changing standards on both lessees and lessors and discusses recently issued updates to ASC 842. Now is time to get up to date on all that is going on with regard to lease accounting. \nDesigned For\nPracticing CPAs and accounting professionals in business and industry that prepare and review or audit financial statements \nObjectives\n\nIdentify finance lease transactions\, including both lessor and lessee perspectives\n Understand the proper accounting and financial reporting treatment for operating and finance leases\n Describe how lessor accounting is influenced by revenue recognition and measurement concepts\n Explain important transition issues from the current to new standards ;\n\nMajor Subjects\nOutcomes of the recent FASB and IASB Joint Project related to Leases Differentiating between accounting and reporting requirements for operating and finance leases Evaluating possible material misstatement related to lease recognition\, measurement\, presentation and disclosure \nInstructions\nNone URL:https://sc.cpa/event/ssaa136-27-surgents-lease-accounting-the-impact-of-changing-standards-on-both-lessors-and-lessees/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045622Z CREATED:20260612T224426Z LAST-MODIFIED:20260613T045622Z UID:10006420-1814356800-1814356800@sc.cpa SUMMARY:(SSTE106/27) Surgent's The Risks and Benefits of ChatGPT and Artificial Intelligence DESCRIPTION:Event Description\nWe see multiple stories about the rapid growth of artificial intelligence (AI) and its entry into our lives in the form of AI tools\, including ChatGPT. They seem to be everywhere. It is difficult to overstate how much things will change with the rise of these new technologies\, or how important it is that companies embrace the opportunity to execute them correctly. Having conversations regarding the proper adoption of these technologies and tools is a crucial first step\, including drafting policies to assist companies with their beneficial and thoughtful implementation and use. This course will define the state of AI tools\, what benefits and risks exist\, and which steps to take to begin adopting these technologies with appropriate guardrails\, policies\, and training. It is less likely that AI will destroy industries\, and more likely that companies that embrace AI will overtake those companies that do not. \nDesigned For\nAccounting and finance professionals seeking to understand the role of AI tools today and in the future \nObjectives\n\nBe familiar with AI tools and the current status of AI tool development\n Be able to explain what ChatGPT is and how it works\n Understand how AI tools will change the accounting and finance professions\n Be able to explain the benefits and risks of adopting AI tools\n Begin drafting policies around AI implementation for your firm or company \n\nMajor Subjects\nWhat are AI tools? Where are we with AI tool development? What is ChatGPT? ChatGPT – what kind of queries are possible? Copyright and intellectual property issues Benefits of AI tools Concerns with AI tools Impact on business use of AI Policy on AI tools \nInstructions\nNone URL:https://sc.cpa/event/sste106-27-surgents-the-risks-and-benefits-of-chatgpt-and-artificial-intelligence/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045712Z CREATED:20260612T224431Z LAST-MODIFIED:20260613T045712Z UID:10006422-1814356800-1814356800@sc.cpa SUMMARY:(SSTX345/27) Surgent’s Weekly Expert Hour (Original Air Date: 7/25/24) DESCRIPTION:Event Description\nAs financial and tax professionals well know\, information overload is a constant struggle we face because things change quickly\, and the sheer number of changes being made on a daily basis is enormous. Of great importance to small and medium tax and advisory firms is differentiating between changes that are relevant to our practice and our clients and changes that are new but totally irrelevant. Distinguishing between the two is difficult and time-consuming. Mike Tucker and a team of experts are pleased to announce a series designed to eliminate the clutter and get you what you need to stay up to date and perform for your clients.Mike and his co-presenters will dispense news on current events impacting taxes\, finance\, and industry. The subject matter will differ each week and intermittently include topics such as Social Security and Medicare. The panelists will discuss personal and corporate tax matters as well as other late-breaking news related to practitioners’ personal finances and those of their clients.Every financial professional will benefit from this series. \nDesigned For\nFinancial professionals who wish to be up to speed on the latest news affecting themselves and their clients \nObjectives\n\nBe well informed on current topics impacting taxes\, finance\, and industry\n\nMajor Subjects\nIRS finalization of RMD regulations Disaster tax relief\, especially relating to retirement plans and IRAs Discussion of US Supreme Court’s overturn of Chevron U.S.A.\, Inc v. Natural Resources Defense Council\, Inc.; \nInstructions\nNone URL:https://sc.cpa/event/sstx345-27-surgents-weekly-expert-hour-original-air-date-7-25-24/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045714Z CREATED:20260612T224516Z LAST-MODIFIED:20260613T045714Z UID:10006425-1814356800-1814356800@sc.cpa SUMMARY:(SSTX366/27) Surgent’s Weekly Expert Hour (Original Air Date: 1/16/25) DESCRIPTION:Event Description\nAs financial and tax professionals well know\, information overload is a constant struggle we face because things change quickly\, and the sheer number of changes being made on a daily basis is enormous. Of great importance to small and medium tax and advisory firms is differentiating between changes that are relevant to our practice and our clients and changes that are new but totally irrelevant. Distinguishing between the two is difficult and time-consuming. Mike Tucker and a team of experts are pleased to announce a series designed to eliminate the clutter and get you what you need to stay up to date and perform for your clients.Mike and his co-presenters will dispense news on current events impacting taxes\, finance\, and industry. The subject matter will differ each week and intermittently include topics such as Social Security and Medicare. The panelists will discuss personal and corporate tax matters as well as other late-breaking news related to practitioners’ personal finances and those of their clients.Every financial professional will benefit from this series. \nDesigned For\nFinancial professionals who wish to be up to speed on the latest news affecting themselves and their clients \nObjectives\n\nBe well informed on current topics impacting taxes\, finance\, and industry\n\nMajor Subjects\nReview of HSA rules Highlights of the National Taxpayer Advocate Annual Review conclusions Student loan repayment trends and updates \nInstructions\nNone URL:https://sc.cpa/event/sstx366-27-surgents-weekly-expert-hour-original-air-date-1-16-25/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045715Z CREATED:20260612T224517Z LAST-MODIFIED:20260613T045715Z UID:10006426-1814356800-1814356800@sc.cpa SUMMARY:(SSBM116/27) Surgent's Lessons Learned from Successful Companies DESCRIPTION:Event Description\nWhy do some companies fail while others grow and succeed for generations? Common perceptions often attribute organizational success to great leadership\, timing\, or unique ideas. Although these traits certainly play a role in helping companies grow\, research shows that corporate success often hinges on whether a company is value driven. Such companies have core ideologies that drive almost every major decision.In this course\, we look at empirical data on why some companies succeed while others fail. By looking at companies that were created prior to 1950 (e.g.\, Disney\, Marriott\, or 3M)\, we can understand why certain organizations have been able to grow and achieve exceptional success through many different eras in the American economy. The lessons learned from these visionary companies can be broadly applied to organizations of all sizes\, including accounting and financial service firms. \nDesigned For\nAnyone in the accounting or financial organizations services professions who seeks to understand ways to implement or improve their profession \nObjectives\n\nUnderstand what differentiates highly successful organizations from their less successful peers\, according to research\n Recognize the myths regarding organizational success\n Implement strategies to improve corporate culture and effectiveness\n\nMajor Subjects\nCreating a visionary company Traits of successful\, visionary companies Goal setting to create a successful organization The role of experimentation and failure in achieving success How successful organizations emphasize learning new skills The role of effective communication in achieving corporate success The importance of emotional intelligence in building corporate culture How leadership can direct a company toward success \nInstructions\nNone URL:https://sc.cpa/event/ssbm116-27-surgents-lessons-learned-from-successful-companies/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045715Z CREATED:20260612T224518Z LAST-MODIFIED:20260613T045715Z UID:10006427-1814356800-1814356800@sc.cpa SUMMARY:(SSTX341/27) Surgent’s Weekly Expert Hour (Original Air Date: 6/20/24) DESCRIPTION:Event Description\nAs financial and tax professionals well know\, information overload is a constant struggle we face because things change quickly\, and the sheer number of changes being made on a daily basis is enormous. Of great importance to small and medium tax and advisory firms is differentiating between changes that are relevant to our practice and our clients and changes that are new but totally irrelevant. Distinguishing between the two is difficult and time-consuming. Mike Tucker and a team of experts are pleased to announce a series designed to eliminate the clutter and get you what you need to stay up to date and perform for your clients. Mike and his co-presenters will dispense news on current events impacting taxes\, finance\, and industry. The subject matter will differ each week and intermittently include topics such as Social Security and Medicare. The panelists will discuss personal and corporate tax matters as well as other late-breaking news related to practitioners’ personal finances and those of their clients.Every financial professional will benefit from this series. \nDesigned For\nFinancial professionals who wish to be up to speed on the latest news affecting themselves and their clients \nObjectives\n\nBe well informed on current topics impacting taxes\, finance\, and industry\n\nMajor Subjects\nCurrent reports on HSAs Bond laddering Cost segregation \nInstructions\nNone URL:https://sc.cpa/event/sstx341-27-surgents-weekly-expert-hour-original-air-date-6-20-24/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045716Z CREATED:20260612T224610Z LAST-MODIFIED:20260613T045716Z UID:10006428-1814356800-1814356800@sc.cpa SUMMARY:(SSTX175/27) Surgent's Taking Advantage of Installment Sales DESCRIPTION:Event Description\nWhen real property is sold for a gain\, we always try to find ways to defer recognizing income so that it won’t be necessary to send a check to Uncle Sam. There is a provision within the Internal Revenue Code that allows the taxpayer to defer recognition of immediate taxable gain in the year of sale known as an “installment sale.” Knowing how and when to utilize this provision makes the Accounting and Finance Professionals very valuable to either their client or the entity they work for. We will also discuss recent proposals that could impact the future of this provision. \nDesigned For\nAccounting and Finance Professionals who either represent or work for entities that own real property \nObjectives\n\nUtilize the provisions of IRC Sec 453 to defer recognizing gain on the sale of real property via an installment sale\n\nMajor Subjects\nHow does the IRC define an installment sale under IRC Sec 453? When can a taxpayer utilize the provisions of IRC Sec 453? When should a taxpayer utilize the provisions of an installment sale and when should it be avoided? How does the issue of a dealer vs. a non-dealer impact the use of the installment sale method? Reporting an installment sale when related parties are involved Calculating an installment sale How has the Tax Cuts and Jobs Act impacted the use of the installment sale method? \nInstructions\nNone URL:https://sc.cpa/event/sstx175-27-surgents-taking-advantage-of-installment-sales/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045719Z CREATED:20260612T224611Z LAST-MODIFIED:20260613T045719Z UID:10006429-1814356800-1814356800@sc.cpa SUMMARY:(SSTX361/27) Surgent’s Weekly Expert Hour (Original Air Date: 11/14/24) DESCRIPTION:Event Description\nAs financial and tax professionals well know\, information overload is a constant struggle we face because things change quickly\, and the sheer number of changes being made on a daily basis is enormous. Of great importance to small and medium tax and advisory firms is differentiating between changes that are relevant to our practice and our clients and changes that are new but totally irrelevant. Distinguishing between the two is difficult and time-consuming. Mike Tucker and a team of experts are pleased to announce a series designed to eliminate the clutter and get you what you need to stay up to date and perform for your clients.Mike and his co-presenters will dispense news on current events impacting taxes\, finance\, and industry. The subject matter will differ each week and intermittently include topics such as Social Security and Medicare. The panelists will discuss personal and corporate tax matters as well as other late-breaking news related to practitioners’ personal finances and those of their clients.Every financial professional will benefit from this series. \nDesigned For\nFinancial professionals who wish to be up to speed on the latest news affecting themselves and their clients \nObjectives\n\nBe well informed on current topics impacting taxes\, finance\, and industry\n\nMajor Subjects\nSEPP (72(t)) payments Anticipated policy changes post-election HSA-qualified insurance policies and coverages \nInstructions\nNone URL:https://sc.cpa/event/sstx361-27-surgents-weekly-expert-hour-original-air-date-11-14-24/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045720Z CREATED:20260612T224612Z LAST-MODIFIED:20260613T045720Z UID:10006430-1814356800-1814356800@sc.cpa SUMMARY:(SSAA108/27) Surgent's Performing Inventory Observations DESCRIPTION:Event Description\nGenerally Accepted Auditing Standards (GAAS) states that if inventory is material to the financial statements\, the auditor should generally obtain evidence regarding the existence and condition of inventory by attending the entity’s physical inventory count. The types of inventory an entity might have varies from industry to industry as does the risk of fraud or error related to inventory counts. This module will discuss the procedures and risks involved in observing an entity’s physical inventory. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 1.) \nDesigned For\nAccountants responsible for performing inventory observations \nObjectives\n\nIdentify audit risks related to physical inventory observations\n Understand the key controls related to inventory observations\n Perform common inventory observation audit procedures\n Know when to utilize sampling techniques related to inventory observations \n Perform remote inventory observations\n\nMajor Subjects\nInventory observation procedures When attendance at the inventory observation is impractical Inventory under the control of a third party Consideration of the risk of fraud in inventory counts Sampling related to inventory observations Considerations related to retail inventories\, multiple locations Considerations for inventory observations \nInstructions\nNone URL:https://sc.cpa/event/ssaa108-27-surgents-performing-inventory-observations/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045721Z CREATED:20260612T224613Z LAST-MODIFIED:20260613T045721Z UID:10006431-1814356800-1814356800@sc.cpa SUMMARY:(SSTX142/27) Surgent's Exploring Client Advisory Services: Tax Due Dates and Penalties/Where Do I Need To File? DESCRIPTION:Event Description\nThis course provides essential knowledge for Client Advisory Services (CAS) professionals navigating multistate taxation and managing tax deadlines. We’ll start by exploring the implications of the Wayfair decision\, focusing on general rules for sales and income tax nexus across states. You’ll learn what to look for in state statutes and gain a solid foundation for filing requirements. Additionally\, we’ll cover key tax due dates\, how to handle missed deadlines\, and potential relief options. Whether you’re new to the field or running your own practice\, this course will equip you with the tools to succeed. \nDesigned For\nAccounting and finance professionals who work with business owners on multistate tax issues\, small business owners working in multiple states\, and other accountants looking to serve their companies or clients in the areas of payroll services or operations \nObjectives\n\nIdentify key tax due dates by entity type\n Recognize how late filing\, late payment\, and other common penalties are calculated\n Recall common information return due dates and applicable penalties\n State first time abatement relief qualifications and other common remedies\n State what the term nexus means and how it differs for sales tax and income tax reporting obligations\n Recognize economic nexus and when it applies\n Identify when a company has to file an income tax return or sales tax return\n\nMajor Subjects\nEstimated taxes and deadlines Tax due dates for common returns and filings Potential penalties and interest Information return penalties Penalties applicable to pass-through entities Accuracy-related penalties First-time abatement (FTA) FTA eligible returns Reasonable cause Nexus: sales tax vs. income tax Sales tax nexus with state specific examples Remote work and sales tax nexus Income tax nexus with state-specific examples Remote work and income tax nexus Sales factor: throwback rules \nInstructions\nNone URL:https://sc.cpa/event/sstx142-27-surgents-exploring-client-advisory-services-tax-due-dates-and-penalties-where-do-i-need-to-file/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045723Z CREATED:20260612T224614Z LAST-MODIFIED:20260613T045723Z UID:10006432-1814356800-1814356800@sc.cpa SUMMARY:(SSTX185/27) Surgent's Liquidation of Flow-Through Entities for LLCs and Partnerships DESCRIPTION:Event Description\nPart of the technical competence of most experienced tax practitioners is the ability to advise owners of S corporations and partnerships or multiple-member LLCs treated as partnerships regarding the tax rules that apply when these entities liquidate. Entity liquidations do not occur every day; but they do occur\, and often at very critical times in the business life of the entity and its owners. All tax practitioners should be able to advise their clients about the tax issues associated with client businesses that go out of existence and liquidate. This program explains the tax consequences associated with liquidating S corporations\, partnerships\, and multiple-member limited liability companies treated as partnerships. \nDesigned For\nAny tax practitioner who wishes to understand the rules regarding S corporation and partnership liquidations \nObjectives\n\nDetermine the gain or loss to the entity and to the owners when it makes a liquidating distribution\n Determine the basis of property distributed in a liquidating distribution to an owner of the entity\n Know what to do in terms of IRS reporting when an entity liquidates\n\nMajor Subjects\nTax rules governing liquidation of a partnership or S corporation Tax treatment of the shareholder/partner/member receiving a liquidating distribution in an S corporation liquidation/partnership liquidation Tax impact on the pass-through entity when the entity is liquidated Receipt of corporate liabilities in an S corporation distribution Proportionate\, liquidating partnership distributions to partners\, and gains and losses to a partner on a liquidating partnership distribution Tax issues associated with a partnership distribution of noncash properties in a liquidation Compliance requirements on the occasion of a liquidation of a corporation or a partnership \nInstructions\nNone URL:https://sc.cpa/event/sstx185-27-surgents-liquidation-of-flow-through-entities-for-llcs-and-partnerships/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045724Z CREATED:20260612T224616Z LAST-MODIFIED:20260613T045724Z UID:10006433-1814356800-1814356800@sc.cpa SUMMARY:(SSAA116/27) Surgent's Testing Internal Control and Reporting Deficiencies DESCRIPTION:Event Description\nThe risk assessment process requires the auditor to understand internal controls over financial reporting and report deficiencies to management and those charged with governance as defined by professional standards. Auditors may be also required or decide to test internal controls for effectiveness. This module builds on the previous module on internal control extending the participant’s skills to effective and efficient testing of internal controls and communicating deficiencies. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 3.) \nDesigned For\nAccountants who have responsibility for evaluating the design and operating effectiveness of controls in a financial statement audit \nObjectives\n\nExplain the professional standards related to and rationale for understanding and testing internal controls\n Discuss the professional standards related to testing controls for operating effectiveness\n Illustrate the appropriate level of linkage between the work performed in testing internal controls\, control reliance and reporting on internal controls\n Identify impact of a control reliance strategy on the detailed audit plan\n\nMajor Subjects\nRefresher on understanding internal controls When testing internal controls is required When testing of internal controls is an effective strategy to reduce substantive testing Designing tests of controls Responses when deviations are discovered in the design or operating effectiveness of internal control \nInstructions\nNone URL:https://sc.cpa/event/ssaa116-27-surgents-testing-internal-control-and-reporting-deficiencies/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045819Z CREATED:20260612T224618Z LAST-MODIFIED:20260613T045819Z UID:10006434-1814356800-1814356800@sc.cpa SUMMARY:(SSAA179/27) Surgent's Technology Trends and Risks of Interest to CPAs DESCRIPTION:Event Description\nNever have the benefits\, and related risks\, of utilizing new technology been greater for those in the accounting profession. From Artificial Intelligence (AI)\, Robotic Process Automation(RPA)\, and Audit Data Analytics (ADA) to cloud-based software solutions\, our clients’ technology landscape is rapidly changing. Accordingly\, we\, as accounting professionals\, need to be on the forefront of these changes\, including having a firm understanding of the risks associated with the use of these tools. In this course\, we’ll review these trends\, highlight new and emerging products\, and focus on cyber-security risks and best practices that will allow accounting professionals to help our clients navigate these exciting but challenging times. Plus\, we’ll review SAS 142\, which guides our use of technology on our professional engagements. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities \nObjectives\n\nIdentify the business drivers of companies today and the need for data-driven decision making\n Identify other current trends in information technology applications for clients and auditors\n Discuss SAS 142 and how it applies to the new audit methodologies using technology\n Explain how auditors are integrating audit data analytics into the audit process\n\nMajor Subjects\nData-driven decision making processes Top technology trends and related risks\, including cloud computing\, AI\, RPA\, and blockchain applications Common IT security risks and controls Requirements of SAS 142 Use of analytical procedures on professional engagements \nInstructions\nNone URL:https://sc.cpa/event/ssaa179-27-surgents-technology-trends-and-risks-of-interest-to-cpas/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045821Z CREATED:20260612T224620Z LAST-MODIFIED:20260613T045821Z UID:10006435-1814356800-1814356800@sc.cpa SUMMARY:(SSAA262/27) Surgent's Single Auditing Made Simple DESCRIPTION:Event Description\nSingle auditing can seem so complex! With literally thousands of pages of potential AICPA\, GAO and OMB literature coming together for the audit of one client\, auditors can easily lose focus and confidence in what they are supposed to do. It does not have to be that way! This course is designed to sharpen your skills and knowledge in performing single audits (including the impact of the 2024 revision to the Uniform Guidance for Federal Awards). Over 30 focused exercises are included to provide an enhanced working knowledge of the most critical challenges in single auditing today. \nDesigned For\nNot-for-profit and government auditors \nObjectives\n\nThoroughly understand what a single audit includes and excludes \n Apply some of the best practices and avoid some of the worst mistakes seen in single audits \n Skillfully apply today’s single audit requirements\n\nMajor Subjects\nThe key requirements and responsibilities related to the schedule of expenditures of federal awards and major program determination The process of how the auditor determines the direct and material compliance requirements\, obtains an understanding of and tests the related internal controls\, and performs compliance testing The development and reporting of findings in the schedule of findings and questioned costs Additional performance and reporting responsibilities \nInstructions\nNone URL:https://sc.cpa/event/ssaa262-27-surgents-single-auditing-made-simple/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045824Z CREATED:20260612T224706Z LAST-MODIFIED:20260613T045824Z UID:10006438-1814356800-1814356800@sc.cpa SUMMARY:(SSTE155/27) Surgent's Smart Formula Selection in Excel: What to Use When DESCRIPTION:Event Description\nExcel gives you multiple ways to solve the same problem\, but which formula is the right one? This course teaches a decision-based approach to function selection\, helping you confidently choose between similar and competing functions. Through real-world examples and side-by-side comparisons\, you’ll learn when IFS or SWITCH is cleaner than nested IFs\, how SUMPRODUCT can help with complex summarizing data\, how to use LET in place of defined names\, and much more. This course is ideal for professionals who want to make smarter\, faster formula choices that are easier to maintain and audit. \nDesigned For\nAll Excel users looking to elevate their formula skills with strategic guidance \nObjectives\n\nCompare Excel functions that solve similar problems and select the most effective one for the task\n Apply structured decision-making when building formulas to improve clarity and scalability\n Distinguish when modern functions offer better solutions than legacy\n \n \n \n\nMajor Subjects\nIntroduction to strategic formula use; Conditional logic and branching tools Summarizing data Filtering and output control Custom output and decision trees Embedded variables and reusability Best practices for formula selection \nInstructions\nDownload the handout and practice material prior to course URL:https://sc.cpa/event/sste155-27-surgents-smart-formula-selection-in-excel-what-to-use-when/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045828Z CREATED:20260612T224710Z LAST-MODIFIED:20260613T045828Z UID:10006441-1814356800-1814356800@sc.cpa SUMMARY:(SSTE149/27) Surgent's Improve Design and Productivity with Excel Tables DESCRIPTION:Event Description\nExcel tables are a fundamental feature that streamlines data organization\, analysis\, and visualization in Excel. Throughout this course\, you will discover how to transform raw data into elegant\, efficient\, and visually appealing tables. By harnessing the full potential of Excel tables\, you will be able to make better data-driven decisions and collaborate more effectively in various professional settings. Unlock the full potential of Excel tables to revolutionize the way you manage\, analyze\, and present data\, leading to improved efficiency and better decision-making in your personal and professional endeavors. \nDesigned For\nAny Excel user who wants to learn features within Excel to create better spreadsheets in a shorter amount of time \nObjectives\n\nUse Excel tables in most spreadsheets\n Apply features of Excel tables to create more accurate spreadsheets\n Identify ways to improve spreadsheet productivity by using Excel tables\n\nMajor Subjects\nWhat are Excel tables are and why are they important? How to create Excel Tables from scratch The art of sorting and filtering data within Excel tables to quickly identify patterns\, trends\, and outliers How Excel tables use structured reference formulas to create accurate calculations How Excel tables increase spreadsheet creation productivity \nInstructions\nNone URL:https://sc.cpa/event/sste149-27-surgents-improve-design-and-productivity-with-excel-tables/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045829Z CREATED:20260612T224711Z LAST-MODIFIED:20260613T045829Z UID:10006442-1814356800-1814356800@sc.cpa SUMMARY:(SSOT121/27) Surgent's Coaching Skills for Managers and Supervisors DESCRIPTION:Event Description\nThis one-day course will teach effective skills for coaching and training employees. You’ll learn how to identify the characteristics of effective coaches and develop coaching strategies to support and assist your team\, with the goal of helping them improve morale\, productivity and quality. And\, you’ll learn a five-step approach for giving constructive criticism while managing defensive reactions. \nDesigned For\nEmployees identified for advancement\, team leads\, supervisors\, and managers \nObjectives\n\nIdentify effective coaches and develop coaching strategies to support your team\n Give constructive criticism while managing defensive reactions\n\nMajor Subjects\nThe definition of coaching and the coaching process Characteristics of effective coaches Coaching strategies to support and assist others as they change ineffective behaviors Conducting one-on-one coaching sessions for setting goals and improving performance \nInstructions\nNone URL:https://sc.cpa/event/ssot121-27-surgents-coaching-skills-for-managers-and-supervisors/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045830Z CREATED:20260612T224712Z LAST-MODIFIED:20260613T045830Z UID:10006443-1814356800-1814356800@sc.cpa SUMMARY:(SSTX218/27) Surgent's Partnership and LLC Core Tax Issues From Formation Through Liquidation DESCRIPTION:Event Description\nAs staff members gain more experience\, they are expected to take on more complex assignments with minimal supervision. This course is designed to be a stepping stone for staff interested in pursuing more advanced partnership and LLC issues than mere preparation. The material provides a deep life-cycle study into critical areas of formation\, special allocations of income and deductions\, basis calculations and implications of recourse and nonrecourse debt\, basis step-up under S754 on transfers of ownership interest\, distributions\, self-employment tax issues\, and termination and liquidations of an LLC. With a blend of legal and tax ramifications regarding LLC-specific issues\, this course identifies all the major areas that are potential sources of increased complexity. \nDesigned For\nExperienced CPAs desiring a comprehensive case approach to understand reasonably complex limited liability company issues and problems; also\, CPAs who want a comprehensive\, intermediate-level limited liability company practice manual \nObjectives\n\nPrepare complicated partnership returns\n Understand certain advanced concepts of partnership taxation\n\nMajor Subjects\nReporting requirements for Schedules K-2 and K-3 Capital account reporting requirements Schedule K-1 reporting for Section 743 adjustments Schedule K-1 reporting for Section 704 gains and losses Comprehensive case on partnership/partner application of the business interest deduction Section 704(b) basis versus tax basis for capital accounts Detailed rules of Section 704 for preventing the shifting of tax consequences among partners or members Unreasonable uses of the traditional and curative allocation methods Layers of Section 704(c) allocations Treatment of recourse versus nonrecourse debt basis How to calculate basis limitations and the implications on each partner’s own tax return How Section 179 limitations affect partnership/LLC basis Regulations for handling basis step-ups under Section 754 elections and mandatory adjustments under Section 743 and Section 734 for partnerships that have not made a Section 754 election Subsequent contributions of property with Section 754 adjusted basis to another partnership or corporation Capital account adjustments in connection with admission of new members Special allocations and substantial economic effect LLCs and self-employment tax to members Distributions – current or liquidating\, cash or property\, and the substituted basis rule Termination and liquidation of an LLC \nInstructions\nNone URL:https://sc.cpa/event/sstx218-27-surgents-partnership-and-llc-core-tax-issues-from-formation-through-liquidation/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045831Z CREATED:20260612T224713Z LAST-MODIFIED:20260613T045831Z UID:10006444-1814356800-1814356800@sc.cpa SUMMARY:(SSTX371/27) Surgent’s Weekly Expert Hour (Original Air Date: 5/22/25) DESCRIPTION:Event Description\nAs financial and tax professionals well know\, information overload is a constant struggle we face because things change quickly\, and the sheer number of changes being made on a daily basis is enormous. Of great importance to small and medium tax and advisory firms is differentiating between changes that are relevant to our practice and our clients and changes that are new but totally irrelevant. Distinguishing between the two is difficult and time-consuming. Mike Tucker and a team of experts are pleased to announce a series designed to eliminate the clutter and get you what you need to stay up to date and perform for your clients.Mike and his co-presenters will dispense news on current events impacting taxes\, finance\, and industry. The subject matter will differ each week and intermittently include topics such as Social Security and Medicare. The panelists will discuss personal and corporate tax matters as well as other late-breaking news related to practitioners’ personal finances and those of their clients.Every financial professional will benefit from this series. \nDesigned For\nFinancial professionals who wish to be up to speed on the latest news affecting themselves and their clients \nObjectives\n\nBe well informed on current topics impacting taxes\, finance\, and industry\n\nMajor Subjects\nMaking the Tax Cuts and Jobs Act provisions permanent Eliminating tax on tips and overtime and special tax relief for seniors Phase out of the clean energy credits Deduction for auto loan interest on American made cars SALT cap raised to $40\,000 with an income phase-out of $500\,000 Increase in the transfer tax exemption to $15 million and an opportunity to open Trump accounts for children \nInstructions\nNone URL:https://sc.cpa/event/sstx371-27-surgents-weekly-expert-hour-original-air-date-5-22-25/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045831Z CREATED:20260612T224714Z LAST-MODIFIED:20260613T045831Z UID:10006445-1814356800-1814356800@sc.cpa SUMMARY:(SSTX290/27) Surgent's Weekly Expert Hour (Original Air Date: 10/14/21) DESCRIPTION:Event Description\nAs financial and tax professionals well know\, information overload is a constant struggle we face because things change quickly\, and the sheer number of changes being made on a daily basis is enormous. Of great importance to small and medium tax and advisory firms is differentiating between changes that are relevant to our practice and our clients and changes that are new but totally irrelevant. Distinguishing between the two is difficult and time-consuming. Mike Tucker and a team of experts are pleased to announce a new weekly series designed to eliminate the clutter and get you what you need to stay up to date and perform for your clients. We are all aware that the IRS\, along with other state and federal regulators\, is issuing guidance with increased frequency due to the coronavirus pandemic tax changes. New rules need to be analyzed\, dissected\, and explained more quickly than in days gone by so that our clients are kept informed of opportunities that may not last long. This weekly series will provide relevant and important tax and financial changes in a quick\, concise format. Each week\, Mike and his co-presenters will dispense news on current events impacting taxes\, finance\, and industry. The subject matter will differ each week and intermittently include topics such as Social Security and Medicare. The panelists will discuss personal and corporate tax matters as well as other late-breaking news related to practitioners’ personal finances and those of their clients.Every financial professional will benefit from this series. Please Note: CFP credit is not available for this course in 2021. \nDesigned For\nFinancial professionals who wish to be up to speed on the latest news affecting themselves and their clients \nObjectives\n\nBe well informed on current topics impacting taxes\, finance\, and industry\n\nMajor Subjects\nIncrease for Social Security recipients New 2021 draft tax forms (as of 10/14/21): Form 1040 – Schedule 1\, Schedule 2\, and Schedule 3 The 4% rule: is this the best approach to sustainable retirement spending Commercial real estate tax strategies: a refresher for tax year 2021 \nInstructions\nNone URL:https://sc.cpa/event/sstx290-27-surgents-weekly-expert-hour-original-air-date-10-14-21/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045832Z CREATED:20260612T224716Z LAST-MODIFIED:20260613T045832Z UID:10006446-1814356800-1814356800@sc.cpa SUMMARY:(SSTX380/27) Surgent’s Weekly Expert Hour (Original Air Date: 8/7/25) DESCRIPTION:Event Description\nAs financial and tax professionals well know\, information overload is a constant struggle we face because things change quickly\, and the sheer number of changes being made on a daily basis is enormous. Of great importance to small and medium tax and advisory firms is differentiating between changes that are relevant to our practice and our clients and changes that are new but totally irrelevant. Distinguishing between the two is difficult and time-consuming. Mike Tucker and a team of experts are pleased to announce a series designed to eliminate the clutter and get you what you need to stay up to date and perform for your clients.Mike and his co-presenters will dispense news on current events impacting taxes\, finance\, and industry. The subject matter will differ each week and intermittently include topics such as Social Security and Medicare. The panelists will discuss personal and corporate tax matters as well as other late-breaking news related to practitioners’ personal finances and those of their clients.Every financial professional will benefit from this series. \nDesigned For\nFinancial professionals who wish to be up to speed on the latest news affecting themselves and their clients \nObjectives\n\nBe well informed on current topics impacting taxes\, finance\, and industry\n\nMajor Subjects\nTrump Accounts Tax reporting of Trump account contributions Report of Foreign Bank and Financial Accounts (FBAR) update \nInstructions\nNone URL:https://sc.cpa/event/sstx380-27-surgents-weekly-expert-hour-original-air-date-8-7-25/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045911Z CREATED:20260612T224811Z LAST-MODIFIED:20260613T045911Z UID:10006448-1814356800-1814356800@sc.cpa SUMMARY:(SSAA238/27) Surgent's Revenue Recognition for Long-Term Construction and Similar Contracts: Topic 606 Implementation Challenges DESCRIPTION:Event Description\nFor those entities who formerly recognized revenue under the guidance of Statement of Position 81-1\, Accounting for Performance of Construction-Type and Certain Production-Type Contracts (SOP 81-1/ASC 605-35)\, understanding the basics of Topic 606 is not enough. In order to effectively apply Topic 606\, you need a detailed understanding of how to recognize revenue over time under Topic 606’s Five-Step model.Even though Topic 606 is currently effective\, changes in business and contracts will always require the need to stay current on this topic. Now is the time to get the answers to your application questions. In this course we’ll explore Topic 606 from the perspective of entities that currently recognize revenue under SOP 81-1/ASC 605-35\, highlighting how the accounting for revenue recognition changed following the adoption of ASC Topic 606. Next\, the course will address challenging sections of the ASC 606 guidance such as identifying performance obligations and when and how you recognize revenue over time.Applying Topic 606 successfully to your long-term contracts is an ongoing exercise. This course will keep you up to date with the latest guidance and best practices in this critical area. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to understand the challenges in applying Topic 606 to entities with long-term construction projects \nObjectives\n\nIdentify the five steps of Topic 606’s new revenue recognition model\n Determine the criteria that supports recognizing revenue over time under Topic 606\n Apply Topic 606’s guidance in other areas of interest to entities currently using SOP 81-1\n Recall best practices and lessons learned from others implementing Topic 606\n\nMajor Subjects\nTopic 606’s five-step revenue recognition model Determining whether to recognize revenue over time or at a point in time under Topic 606 Other unique considerations in applying the five-step model for entities currently using SOP 81-1 Lessons learned and best practices from entities already adopting Topic 606 \nInstructions\nNone URL:https://sc.cpa/event/ssaa238-27-surgents-revenue-recognition-for-long-term-construction-and-similar-contracts-topic-606-implementation-challenges/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045912Z CREATED:20260612T224812Z LAST-MODIFIED:20260613T045912Z UID:10006449-1814356800-1814356800@sc.cpa SUMMARY:(SSAA114/27) Surgent's Performing Effective and Efficient Analytical Procedures DESCRIPTION:Event Description\nAnalytical review procedures are performed in the preliminary and final stages of the audit. Auditors may also choose to perform analytical procedures as substantive tests. It is important to properly design and perform the procedures to ensure an effective and efficient audit engagement. This module will provide detailed guidance and methods for performing these techniques. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 2.) \nDesigned For\nAccountants responsible for performing basic analytic procedures on audit engagements \nObjectives\n\n\n Performing effective preliminary analytical procedures in the risk assessment process\n Performing a final overall analysis to assess the conclusions reached during the audit and evaluate the overall financial statement presentation.\n Planning and performing effective and efficient substantive analytical procedures\n Concluding on analytical procedures\n\nMajor Subjects\nPreliminary analytical procedures as risk assessment procedures Performing final analytical procedures to assess the conclusions reached during the audit and evaluate the overall financial statement presentation. When to use substantive analytical procedures for efficiency and effectiveness Establishing expectations for substantive analytic procedures Setting a threshold for differences Following up on differences from expectations Concluding on substantive analytical procedures \nInstructions\nNone URL:https://sc.cpa/event/ssaa114-27-surgents-performing-effective-and-efficient-analytical-procedures/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045913Z CREATED:20260612T224813Z LAST-MODIFIED:20260613T045913Z UID:10006450-1814356800-1814356800@sc.cpa SUMMARY:(SSTX148/27) Surgent's Form 1040 Return Review Boot Camp for New and Experienced Reviewers DESCRIPTION:Event Description\nMost review techniques developed by professionals are self-taught and fine-tuned via experience. Yet how does one start? The purpose of this course is to give both new and seasoned reviewers additional and advanced procedures via a multitude of checklists to thoroughly review various tax returns. Its emphasis is not planning; rather\, it is to develop a strategy to properly review a return effectively and thoroughly. The course includes dozens of practice tips for new reviewers and is updated for impacts of newly enacted legislation. \nDesigned For\nSenior-level staff new to the review process or experienced staff members looking to update and/or expand their review procedures \nObjectives\n\nExpand the process involved in reviewing applicable tax returns\n Identify the most common areas that result in errors\n Document a review\, including consideration of risk management\n\nMajor Subjects\nKey provisions of the recent HR 1\, One Big Beautiful Bill Act\, have been incorpoated throughout the course Review an error-prone “staff-prepared” Form 1040 from client-provided information. Where do you start? Get to know your client and ask the questions Several new reporting issues for the reviewer to consider\, including the main credit provisions as enacted under the American Rescue Plan What are common errors preparers make and what are the areas generating malpractice claims? The importance of engagement letters\, questionnaires\, and Section 7216 permission statement Initial administrative groundwork Identifying organizing issues in the tax return to be reviewed Avoiding willful blindness. Handling ethical and moral dilemmas Efficient review of certain advanced issues for income\, adjustments\, deductions\, and credits Effective procedures for delinquent clients\, filing past-due tax returns First-time client issues requiring extra scrutiny Multiple checklists of efficient procedures to identify potential issues on a 1040 return Listing of schedules for staff to prepare to make a review easier\, including basis issues for 1040 clients Reconciling time pressure with thoroughness and quality control Professionals acting professionally \nInstructions\nNone URL:https://sc.cpa/event/sstx148-27-surgents-form-1040-return-review-boot-camp-for-new-and-experienced-reviewers/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045917Z CREATED:20260612T224815Z LAST-MODIFIED:20260613T045917Z UID:10006451-1814356800-1814356800@sc.cpa SUMMARY:(SSTX294/27) Surgent's Weekly Expert Hour (Original Air Date: 11/11/21) DESCRIPTION:Event Description\nAs financial and tax professionals well know\, information overload is a constant struggle we face because things change quickly\, and the sheer number of changes being made on a daily basis is enormous. Of great importance to small and medium tax and advisory firms is differentiating between changes that are relevant to our practice and our clients and changes that are new but totally irrelevant. Distinguishing between the two is difficult and time-consuming. Mike Tucker and a team of experts are pleased to announce a new weekly series designed to eliminate the clutter and get you what you need to stay up to date and perform for your clients. We are all aware that the IRS\, along with other state and federal regulators\, is issuing guidance with increased frequency due to the coronavirus pandemic tax changes. New rules need to be analyzed\, dissected\, and explained more quickly than in days gone by so that our clients are kept informed of opportunities that may not last long. This weekly series will provide relevant and important tax and financial changes in a quick\, concise format.Each week\, Mike and his co-presenters will dispense news on current events impacting taxes\, finance\, and industry. The subject matter will differ each week and intermittently include topics such as Social Security and Medicare. The panelists will discuss personal and corporate tax matters as well as other late-breaking news related to practitioners’ personal finances and those of their clients.Every financial professional will benefit from this series.Please Note: CFP credit is not available for this course in 2021. \nDesigned For\nFinancial professionals who wish to be up to speed on the latest news affecting themselves and their clients \nObjectives\n\nBe well informed on current topics impacting taxes\, finance\, and industry\n\nMajor Subjects\nInfrastructure Investment and Jobs Act (as of 11/11/21) Q&As regarding the Employee Retention Credit (ERC) Audit Reconsideration \nInstructions\nNone URL:https://sc.cpa/event/sstx294-27-surgents-weekly-expert-hour-original-air-date-11-11-21/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260613T045919Z CREATED:20260612T224816Z LAST-MODIFIED:20260613T045919Z UID:10006452-1814356800-1814356800@sc.cpa SUMMARY:(SSAA166/27) Surgent's A Complete Guide to the Yellow Book DESCRIPTION:Event Description\nIf you work with governments and not-for-profits\, a thorough understanding of the Yellow Book is essential. This course will equip you with a comprehensive knowledge of the Yellow Book requirements and increase your confidence and proficiency in performing Yellow Book audits. Updated for the 2024 Yellow Book revision\, the course materials utilize a highly illustrative and innovative format. Over 20 focused exercises are included to provide an enhanced knowledge of the Yellow Book. \nDesigned For\nAuditors performing Yellow Book engagements \nObjectives\n\nThoroughly understand the requirements of the Yellow Book and how they relate to the AICPA and single audit requirements\n Excel in the Yellow Book auditing arena\n Save time and stress on Yellow Book engagements via in-depth knowledge of the requirements\n\nMajor Subjects\nWhen is the auditor required to follow the Yellow Book (aka Government Auditing Standards or GAGAS)? How the Yellow Book requirements relate to generally accepted auditing standards and the single audit requirements The different types of Yellow Book audit and attestation engagements that auditors may be called upon to perform The Yellow Book standards related to the qualifications of the auditor (i.e.\, requirements related to independence\, CPE\, peer review\, and more) The Yellow Book requirements related to the performance of and reporting on a financial audit The Yellow Book requirements related to attestation engagements (i.e.\, examinations\, reviews\, and agreed-upon procedures engagements) and performance audits \nInstructions\nNone URL:https://sc.cpa/event/ssaa166-27-surgents-a-complete-guide-to-the-yellow-book/ CATEGORIES:Self-Study Video END:VEVENT END:VCALENDAR