COURSE DESCRIPTION

Epstein + Nach LLC provides training courses for accounting firms in the following areas:

  • U.S. and international accounting, auditing, financial reporting standards and practices
  • Quality control and internal inspection consulting and advisory
  • Leadership, organizational, and interpersonal development

About the Instructors

Ralph Nach is the author and instructional designer of the popular annual Accounting and Auditing Clinic™ that has been presented across the U.S. for thousands of attendees. Earlier in his career he served as the national chief learning officer for American Express Tax & Business Services, Inc. (now McGladrey LLP). For many years he was co-author of the highly respected reference work: Wiley GAAPInterpretation and Application of Generally Accepted Accounting Principles.

Barry Jay Epstein is an author and forensic accounting expert who has taught at the college and university level, including at Northwestern University, DePaul University, Columbia College Chicago, University of Pittsburgh, and West Liberty State College. He authored or co-authored scores of professional books and professional articles on accounting, auditing, and related topics and has presented hundreds of lectures.

2017 Accounting and Auditing Clinic (8.0 CPE Credits)

Recent developments in accounting, auditing, and financial reporting, including implementation issues, are covered in this 2017 Accounting and Auditing Clinic. Strong emphasis is placed on the practical application of selected newly issued and/or effective authoritative pronouncements affecting practitioners who perform or supervise compilation, review, and/or audit engagements for small and middle-market, privately held businesses. Read more.

2017 Financial Reporting Fraud Clinic (8.0 CPE Credits)

Financial reporting frauds that are currently endemic, posing threats to accounting clients, users of financial statements, and professional service providers, are the focus of this one-day training program now available from Epstein + Nach LLC.

Identifying and Responding to GAAP Disclosure Issues (4.0 CPE Credits)

This course focuses on navigating the complex maze of detailed disclosure requirements including workable, practical strategies for ensuring that financial statement disclosures in compiled, reviewed, or audited financial statements are full, complete, and understandable.

Fair Value Measurements and Disclosures (2.0 CPE Credits)

Comprehensive case study designed to resolve issues regarding how to classify and disclose assets and liabilities measured at fair value in the required tables of recurring and nonrecurring measurements.

Audit Risk Assessment (4.0 CPE Credits)

Attendees will learn techniques for applying the risk assessment standards as recently redrafted and for using risk-based auditing to ensure that audits are planned both efficiently and sufficiently.

Fraud Risk Assessment: Effective Interviewing Techniques (4.0 CPE Credits)

Tools and techniques for conducting effective interviews with client personnel at all levels are discussed. Coverage includes selection of individuals to interview, how to conduct the interview, selecting a distraction-free environment, questioning techniques, and documenting the results of the interview.

GAAP and GAAS Research Techniques (4.0 CPE Credits)

Interactive, hands-on session incorporating case studies that require participants to navigate research sources and use advanced search techniques.

Note: This is a hands-on course that requires computers with internet connectivity. To ensure participation, class size is limited to a maximum of 15 participants. Sponsoring firm is responsible for providing computers and a suitable training site with internet connectivity.

Introduction to Derivatives (4.0 CPE Credits)

Introductory course incorporating case examples of derivatives commonly encountered in practice. Emphasis is on identifying derivatives and advising clients on the proper accounting and disclosure implications.

Impairment of Long-Lived Assets (2.0 CPE Credits)

Practical application of the “events and circumstances” triggers that cause a company to review the recoverability of its long-lived assets to consider whether impairment has occurred.

Income Tax Accounting: FIN 48/ASC 740 – Uncertainty in Income Taxes (3.0 CPE Credits)

Understanding and applying FIN 48 including ensuring that disclosures are complete.

Income Tax Accounting: Introduction to Deferred Income Taxes (4.0 CPE Credits)

The application of deferred income tax accounting rules to “C” corporations is discussed, including how to review the adequacy and documentation of the computations and related disclosures.

Share-Based Compensation (2.0 CPE Credits)

This introductory session covers the basics of stock/share compensation, including examples of application to plans of private companies.

Website Development Costs/Internal-Use Software (2.5 CPE Credits)

Attendees will learn the practical application of rules requiring capitalization of qualifying costs. The session includes a comprehensive case study.

Analytical Procedures and Effective Engagement Planning (4.0 CPE Credits)

Hands-on workshop designed to reinforce the basic concepts of applying analytical procedures to audit and review engagements. Special emphasis is placed on designing substantive analytical procedures with an appropriate level of precision to uses as primary tests of significant assertions

Audit Sampling Applications (4.0 CPE Credits)

How to properly apply sampling including tools, techniques, forms, and checklists. Coverage includes: when to sample, how to plan the sample, techniques for selecting items from the population, the benefits of stratifying the population, how to evaluate sample results, and when and how to project sample errors to the population being sampled.

Contact an Accounting Course Instructor

Course designer and facilitator Ralph Nach is available at 847-372-6805 or via email to discuss your firm’s training needs.