Agreed-Upon Procedures Engagements- Step by Step
Title : Agreed-Upon Procedures Engagements- Step by Step (2CR)
Instructors : Jeffrey L. Sailor, CPA
Jeff Sailor’s Step by Step Series was created to tackle various A&A topics using a practical approach, rather than simply going through the standards as they were written. This course will cover the new requirements under SSAE 19 for Agreed-Upon Procedures engagements.
AUPEs are a great tool for meeting your client’s needs without traditional reporting. They provide almost endless options for services with very little exposure. This is due to the fact that an AUPE has no conclusion or opinion. Instead, the users are left to form their own opinions as the practitioner simply reports the procedures performed and the findings. Jeff will walk you step by step through the entire process.
In addition to the material, Jeff will include his unique perspective and humor, including his signature video parodies, which are designed to keep you awake and reinforce the material.
Course Level- Update
Delivery Method- Group Internet Based Webcast
Length- 100 Minutes of instruction
Revision Date- 12/27/24
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Learning Objectives
Upon successful completion of this course, the participant should be able to:
Describe the purpose of an agreed-upon procedures engagement
Identify various options for AUPE
Apply the provisions for performing an AUPE
Identify language to be avoided when reporting
Apply proper documentationLevel
BasicPrerequisites
Basic understanding of reporting requirements
Advanced Preparation
None
Fraud's Greatest Hits
Title : Fraud's Greatest Hits! (3CR)
Instructors : Jeffrey L. Sailor, CPA
Fraud has always been a concern for anyone associated with financial statements. In this course, Jeff takes a unique approach to the study of this topic by looking at what are considered to be the top ten accounting fraud cases. In studying the cases, you will gain insight into what to look for in the future.
In addition to the cases, Jeff will cover various aspects, both authoritative and guidance, related to fraud to further improve your awareness and skills. He will also cover a couple of other significant fraud cases as well as a couple of interesting historical notes.
The entire presentation is packaged into Jeff’s unique blend of teaching with humor. Each case has its own “Greatest hit”, a song parody to help you remember the case as well as other surprises along the way to keep your interest.
If you are looking for a course that will keep awake and engaged and will better prepare you for detecting fraud, then this course is a must.
Course Level- Basic
Delivery Method- Group Internet Based Webcast
Length- 150 minutes of instruction
Revision Date: 1/14/2025
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Learning Objectives
Upon successful completion of this course, the participant should be able to:
Describe the top ten accounting fraud cases
Identify the nature of fraud and its three characteristics
Apply the provisions for fraud risk assessment in an audit
Identify examples of fraud
Describe the traits of a white collar criminal
Describe techniques to detect fraud
Identify the principles of the COSO Fraud Risk Management Guide
Level
BasicPrerequisites
Basic understanding of accounting and reporting
Advanced Preparation
None
Jeff Sailor’s Accounting for Leases
Title : Jeff Sailor’s Accounting for Leases (4CR)
Instructors : Jeffrey L. Sailor, CPA
One of the biggest and most frustrating standard revisions involves the accounting for leases. The new lease standard, in essence, requires all leases to be recognized on the statement of position of lesees.
In this course, Jeff Sailor will bring his truly unique presentation style to explains the standard from beginning to end, including the reasons why the standard was issued. In addition, he will include his signature video parodies, which are designed to keep you awake and reinforce the material.
Course Level- Update
Delivery Method- Group Internet Based Webcast
Length- 200 minutes of instruction
Revision Date- 12/27/24
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Learning Objectives
Upon successful completion of this course, the participant should be able to:
Identify the situations to which the standard applies
Describe the history and reasons for the standard
Identify the difference between a lease and a service contract
Identify the proper classification of a lease
Apply the provisions for initial measurement
Apply the provisions for subsequent measurement
Apply the provisions for a finance lease for a lessee
Apply the provisions for an operating lease for a lessee
Describe the required disclosure
Describe the potential impact of the standard on stakeholdersLevel
BasicPrerequisites
None
Advanced Preparation
Experience in accounting
Accounting for Not-For-Profit Entities
Title : Accounting for Not-For-Profit Entities (3CR)
Instructors : Jeffrey L. Sailor, CPA
Not-for-profit accounting is a specialized area of GAAP which has recently changed significantly. This course will take an in-depth look at all aspects of this topic from determining the nature of a contribution to presentation and disclosures. As always, Jeff will include his personal brand of humor to keep the webcast moving.
Course Level- Basic
Delivery Method- Group Internet Based Webcast
Length- 150 minutes of instruction
Revision Date- 12/27/24
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Learning Objectives
Upon successful completion of this course, the participant should be able to:
Describe the recent changes to NFP accounting
Apply the standards to distinguish a contribution from an exchange
Describe a conditional contribution
Apply the standards for accounting for a conditional contribution
Apply the standards to classify a contribution as restricted or unrestricted
Apply the special provisions with regard to contributed services
Apply the provisions for presentation of financial statements and disclosures
Describe issues for special issues
Level
BasicPrerequisites
Experience in accounting topics
Advanced Preparation
None
Not Documented, Not Done
Title : Not Documented, Not Done (2CR)
Instructors : Jeffrey L. Sailor, CPA
The title of this course is the new mantra for the AICPA. With accountants increasingly being sued for deficiencies perceived by clients and attorneys in various engagements, the AICPA has increased its focus on documentation in the accounting and auditing arena. In addition, peer review has revealed a consistent lack of proper documentation.
In this course, Jeff Sailor will discuss the requirements for a variety of engagements as well as tips for better documentation. You will not only learn the basic requirements, but also the proper theory for exceptional documentation.
As always, Jeff will bring his truly unique presentation style and include a few of his signature video parodies, which are designed to keep you awake and reinforce the material.
Course Level- Basic
Delivery Method- Group Internet Based Webcast
Length- 100 minutes of instruction
Revision Date- 1/14/25
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Learning Objectives
- Identify the documentation requirements for:
- Audits
- Reviews
- Compilations
- Preparations
- Examinations under the SSAEs
- Reviews under the SSAEs
- Agreed Upon Procedures engagements under the SSAEs
- Apply the standards for those engagements
- Apply a variety of “best practices” to documentation
Level
BasicPrerequisites
Experience in accounting
Advanced Preparation
None
Step by Step Series-Preparing the Statement of Cash Flows
Title : Preparing the Statement of Cash Flows: Step by Step Series (2CR)
Instructors : Jeffrey L. Sailor, CPA
Jeff Sailor’s Step by Step Series was created to tackle various A&A topics using a practical approach, rather than simply going through the standards as they were written. This course will cover how to prepare a statement of cash flows.
Course Level- Update
Delivery Method- Group Internet Based Webcast
Length- 100 minutes of instruction
Revision Date- 12/27/24
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Learning Objectives
Upon successful completion of this course, the participant should be able to:
Describe the purpose of a statement of cashflows
Identify the three classifications of activities
Apply a spreadsheet model to identify cash flows
Identify the two methods for presentation
Apply GAAP principles in preparing the presentation
Apply the requirements for disclosuresLevel
BasicPrerequisites
Experience in accounting
Advanced Preparation
None
Jeff Sailor’s Risk Assessment Course
Title : Risk Assessment in Performing an Audit (2CR)
Instructors : Jeffrey L. Sailor, CPA
Through the peer review program, the AICPA has identified risk assessment as a major area of noncompliance for audits. As a result, this will be a major focus area for peer reviews for the next several years and the AICPA has indicated they intend to be very strict on compliance.
Course Level- Basic
Delivery Method- Group Internet Based Webcast
Length- 100 minutes of instruction
Revision Date- 1/14/25
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Learning Objectives
Upon successful completion of this course, the participant should be able to:
Describe the issues found in peer reviews
Apply proper risk assessment in an audit
Apply the documentation requirements
Describe the tools provided by the AICPALevel
BasicPrerequisites
Experience in auditing
Advanced Preparation
None
Accounting for Credit Losses- Getting to Know CECL
Title : Accounting for Credit Losses: Getting to Know CECL (2CR)
Instructors : Jeffrey L. Sailor, CPA
The accounting for credit losses has changed drastically as the result of ASU 2016-13. Some practitioners believe that this update only applies to financial institutions, but it not only applies, but will also have a major impact on most other entities as well.
Course Level- Basic
Delivery Method- Group Internet Based Webcast
Length- 100 minutes of instruction
Revision Date- 12/27/24
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Learning Objectives
Upon completion of this course, the participant should be able to:
Explain the differences between CECL and current GAAP.
Describe various methods for applying CECL.
Apply CECL to loans.
Apply CECL to trade receivables.
Apply the proper prestation.
Explain the general nature of required disclosures.Level
BasicPrerequisites
Experience in accounting
Advanced Preparation
None
Your System of Quality Management
Title : Your System of Quality Management (2CR)
Instructors : Jeffrey L. Sailor, CPA
The Auditing Standards Board has recently changed the standards for quality in accounting firms by replacing the old SQCS 8 with a brand new set of standards: SQMS 1, SQMS 2, SAS 146 and SSARS 26 (issued by the ARSC). These new standards require that all firms with an accounting and auditing practice put into place a system of quality management. This means that even if you only perform a single compilation engagement, you are required to implement this system. The deadline for change is coming soon and this is expected to be a major peer review focus area.
In this course, Jeff Sailor will bring his truly unique presentation style to cover the most important topics you need to know to get ready for this new requirement. In addition to covering the standards pronouncements, Jeff will include his signature video parodies, which are designed to keep you awake and reinforce the material.
Course Level - Basic
Delivery Method -Group Internet Based Webcast
Length - 100 minutes of instruction
Revision Date - 12/27/24
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Learning Objectives
- Identify the 8 components of a system of quality management
- Identify the additional requirements for a system of quality management
- Apply the standards for determining when an engagement quality review will be necessary
- Describe the requirements for the conduct of an engagement quality review
- Apply the control standards in the performance of audits and other attestation engagement
- Apply the control standards in the performance of SSARS engagements
Level
BasicPrerequisites
None
Advanced Preparation
None
Enjoyable Ethics for Florida CPAs
Title : Enjoyable Ethics for Florida CPAs (4CR)
Instructors : Jeffrey L. Sailor, CPA
Written by Jeff Sailor and Jennifer Sailor
This course specifically meets the ethics CPE requirements for Florida CPAs. Our Florida Provider Number is 0009374 and our Florida Course Number is 0028009.
To specifically meet the requirements for Florida CPAs, the course will devote at least 51% of the time to Florida rules including Chapter 455 F.S. , Chapter 473 F.S. and FL BOA Rules 61H1.
This course is designed to teach you many important aspects of accounting ethics, while making it enjoyable. To do this, Jeff will not only cover the typical topics, but will also challenge you to think outside the box.
In this course, Jeff Sailor will bring his truly unique presentation style to explain the nature of ethics as well as why we have to review our ethics rules on a regular basis.
He will cover the authoritative guidance found in the AICPA Code of Professional Conduct in detail. He will also explain how to use the AICPA Conceptual Framework when faced with ethical issues and cover independence requirements of the Code of Professional Conduct with special emphasis on nonattest services.
In addition, Jeff will include a lot of humor and one of his signature video parodies, which is designed to keep you awake and reinforce the material.
Course Level - Update
Delivery Method -Group Internet Based Webcast
Length - 200 minutes of Instruction
Revision Date - 1/14/25
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Learning Objectives
Define ethics
Describe types of ethics
Identify ethical dilemmas
Describe the source of accounting ethics
Describe the format of the AICPA Code of Professional Conduct
Identify the areas of ethics rules for accountants in public practice
Identify the areas of ethics rules for accountants in business
Describe various violations of ethics
Apply the Conceptual Framework for ethics issues
Identify the seven threats to independence
Describe the five categories of independence issues
Describe the issues related to nonattest services
Describe the topics in FL 455
Describe the topics in FL 473
Describe the rules on Fl BOA Rules 61H1
Apply the provisions for reporting CPE to the FL DBPR
Level
UpdatePrerequisites
Basic understanding of accounting and reporting
Advanced Preparation
None