CONSYM24: 85th Annual Symposium

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Join us for the 85th annual NCACPA Symposium! Participants will receive current and in-depth coverage of tax, accounting, business, and legal compliance trends critical to the profession, as well as an understanding of the challenges and opportunities on the horizon. Additionally, participants will leave Symposium with comprehensive knowledge of several hot topics best practices in day-to-day operations and technology trends, as well as practical strategies to implement to enhance client service.

Highlights: *Federal Tax Update *State Tax Updatem *PTE Update *Lease Accounting *Secure Act 2.0 *Ethics *Technology Skills *Excel *Medicare & Elder Care *Valuation *Profession Update *Work Culture *Generationalism
Who Should Attend: CPAs and other financially-minded professionals working in public practice and industry.
Event Level: Update
Required Knowledge: None
Advanced Preperation: None
Field of Study: Various
CPE: 24.00

THANK YOU TO OUR 2024 CARDINAL SPONSORS!

THANK YOU TO OUR 2024 FIRST IN FLIGHT SPONSORS!

THANK YOU TO OUR 2024 CAROLINA SPONSORS!

THANK YOU TO OUR 2024 DOGWOOD SPONSORS!

Objectives

Participants will be able to describe current tax, accounting, business, and/or legal compliance trends and the challenges and opportunities on the horizon; assess whether their organizations are utilizing best practices in day-to-day operations and technology trends; and enhance client/customer service by implementing strategies and practical tips.

Event Information

Start Time:

November 18, 2024 8:00 AM Eastern

7:00 AM Central, 6:00 AM Mountain, 5:00 AM Pacific

Add to Calendar:

Estimated Length:

2 days, 8 hours

Registration Time Remaining:

202 days, 22 hours

Click on a topic name to see details and purchase options.

Monday November 18, 2024

GS1: Technology is the Competitor: Time to Get Radical

Tradition is giving way to cutting-edge advancements. As the profession says goodbye to the old, reliable methods of old-school firms, it’s waving hello to fresh ideas and new players reshaping the landscape. AI isn't just shaking things up—it's revolutionizing how services are delivered and how companies are using price to compete. In this session, we'll dive into the economic forces behind these seismic shifts, unveiling the innovative pricing models established firms and newcomers use to stay ahead of the game. Let’s explore the sweeping changes engulfing accounting and tax, fueled by the power of new technology and a need to enhance the customer experience.

Key takeaways:

• Who really is an accounting firm’s competition today

• How are today’s customer needs affecting what we are selling

• How is money from the outside influencing the marketplace

• How can a firm move forward with all these changes

Field of Study: Business Management & Organization
CPE: 1.20

Speaker Information

Jody Padar [ view bio ]

GS2: Federal Tax Update

After the elections, tax laws might change, and it’s crucial for CPAs to stay updated. In this 75-minute session, we’ll cover the potential changes in federal tax laws that could impact how you plan for the next year. You'll get clear explanations on potential new rules and how they apply to real-world situations. We’ll look at what's likely to change in deductions, credits, and tax brackets, and provide you with strategies to adapt to these changes. We will also cover any legislative updates and any court cases that change the way we interpret tax law.

This session is practical and straight to the point. You will leave with a solid understanding of the post-election tax updates and a set of tactics to help your clients save money and avoid surprises. We’ll go through examples that are common in your day-to-day work, so you can apply what you learn right away. Join us to make sure you're prepared.

Field of Study: Taxes
CPE: 1.50

Speaker Information

Art Werner [ view bio ]

GS3: North Carolina State and Local Tax Update

This session will review recent North Carolina tax developments, including significant court cases, decisions of the Office of Administrative Hearings, statutory and regulatory developments and changes in tax administration.

Field of Study: Taxes
CPE: 1.30

Speaker Information

Keith Wood [ view bio ]

1A: CECL

Overview:
*Current Expected Credit Losses Standards
*Application to non-financial institutions
*Changes due to implementation
*Application of common measurement techniques

Field of Study: Accounting
CPE: 1.00

Speaker Information

Mike Cheng [ view bio ]

1B: Business and Individual Tax Update

If you're a CPA , you understand tax laws can change. In addition to actual congressional actions, certain laws have an expiration date. We know this as Sunset. Many provisions of the Tax Cuts and Jobs Act are scheduled to sunset on December 31, 2025. In this 50-minute session, you'll learn what tax provisions are scheduled to expire and what that means for you and your clients. The following tax provisions are set to sunset at the end of 2025: limitations of itemized deductions; the expanded standard deduction; the elimination of personal exemptions; the child tax credit; the expanded charitable contribution deduction; and the mortgage interest deduction limitation. Notably, the deductions for state and local taxes, pass-through business income, and certain types of expensing will also revert to previous limitations or expire. Changes will also affect the Alternative Minimum Tax thresholds, ABLE accounts, and estate and gift taxes, with the latter seeing a significant reduction in exclusion amounts. Join us for this session and become an expert in sunset issues.

Field of Study: Taxes
CPE: 1.00

Speaker Information

Art Werner [ view bio ]

1C: Late Life Divorce and the Tax Law

Coming Soon!

Field of Study: Business Law
CPE: 1.00

Speaker Information

Carolyn J. Woodruff

2A: A&A Update

The course will start with a review of the accounting standards effective this year. Then we’ll switch to the audit side of the house with a discussion of how quality management will impact firms and things to do to prepare for the change.

After attending this course, attendees will be prepared to:

• Recall the impact of ASUs effective in 2024

• Identify the core elements of the quality management standards

Field of Study: Accounting
CPE: 1.00

Speaker Information

Melisa Galasso [ view bio ]

2B: Payroll Tax: Contractors vs W-2 Employees

Coming Soon!

Field of Study: Taxes
CPE: 1.00

Speaker Information

David Peters

2C: State Board Update

Coming Soon!

Field of Study: Information Technology
CPE: 1.00

3A: SAS 145

SAS 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, was issued in October 2021. The audit standard amends AU-C 315 including many changes to address common audit deficiencies. This course will provide an overview of SAS 145 and its changes to AU-C 315.

Upon session completion, attendees will be prepared to:

• Describe impact of change on audit engagements

• Recall changes to significant risk identification, inherent risk assessments and controls

Field of Study: Auditing
CPE: 1.00

Speaker Information

Melisa Galasso [ view bio ]

3B: Understanding IRS Notices

Coming Soon!

Field of Study: Taxes
CPE: 1.00

Speaker Information

David Peters

3C: Elder Law - Prepare Yourself and Your Client

Coming Soon!

Field of Study: Business Law
CPE: 1.00

Speaker Information

Steve Arrington [ view bio ]

4A: Equity Incentives and Executive Compensation

Coming Soon!

Field of Study: Business Management & Organization
CPE: 1.00

Speaker Information

Jim Earle [ view bio ]

4B: Cash Balance Retirement Plans

Coming Soon!

Field of Study: Specialized Knowledge
CPE: 1.00

Speaker Information

Matthew O'Neil

4C: The Art of Persuasion

Coming Soon!

Field of Study: Personal Development
CPE: 1.00

Speaker Information

Holly Sullenger

Tuesday November 19, 2024

GS4: Human Leadership in an AI-World

Human Leadership in an AI World” session is designed to equip current and aspiring leaders with understanding of the essential skills and insights needed to thrive in an increasingly technology-driven workplace. This interactive and forward-thinking session challenges participants to harness the power of Generative AI and other new technologies while emphasizing the irreplaceable value of human leadership.

Session objectives will include the following competencies:
• Identify the six particularly human parts of every job – parts that AI will never replace
• Apply learnings to leverage Gen AI for decision making while retaining critical thinking and accountability
• Augment human skills with AI, rather than viewing AI as a replacement or threat
• Use learnings to foster a team/workplace culture that embraces the possibilities that AI advances
• Choose to lead confidently in an AI-integrated world

Field of Study: Business Management & Organization
CPE: 1.50

Speaker Information

Kassi Rushing [ view bio ]

GS5: FOP - Advocacy & Professional Update

Coming Soon!

Field of Study: Specialized Knowledge
CPE: 1.30

Speaker Information

Robert Broome [ view bio ]

Courtney Knoll [ view bio ]

GS6: PTE Year in Review

Coming Soon!

Field of Study: Taxes
CPE: 1.20

Speaker Information

Dylan Stafford [ view bio ]

5A: QMS - Timeline & Actions 2024 - Beyond

Coming Soon!

Field of Study: Auditing
CPE: 1.00

Speaker Information

Mike Manspeaker [ view bio ]

5B: Ethics 2024

Coming Soon!

Field of Study: Behavorial Ethics
CPE: 1.00

Speaker Information

Cal Christian

5C: K2 - CoPilot uses

Coming Soon!

Field of Study: Information Technology
CPE: 1.00

Speaker Information

Randy Johnston

6A: QMS - AICPA Tool Kit

Coming Soon!

Field of Study: Auditing
CPE: 1.00

Speaker Information

Mike Manspeaker [ view bio ]

6B: Nexus

Coming Soon!

Field of Study: Taxes
CPE: 1.00

Speaker Information

Jack Schmoll

6C: K2 - Co Pilot

Coming Soon!

Field of Study: Information Technology
CPE: 1.00

Speaker Information

Randy Johnston

7A: Risk in Focus Report

Coming Soon!

Field of Study: Auditing
CPE: 1.00

Speaker Information

Carey Blakeman

7B: Nearshoring and Outsourcing Workforce Trends

This session will provide an in-depth exploration of nearshoring, a strategic approach to outsourcing business processes to nearby countries. Participants will learn about the business drivers prompting the shift to nearshore talent, including cost savings and risk management. The presenter will cover the benefits and considerations of nearshoring, practical steps for getting started, and best practices to ensure success. Through industry examples, attendees will understand the do's and don'ts, commonly nearshored roles, and how to effectively manage nearshore engagements for optimal results.

Field of Study: Personnel/Human Resources
CPE: 1.00

Speaker Information

Gus Perez [ view bio ]

7C: K2 - Power Bi (data analytics)

Coming Soon!

Field of Study: Information Technology
CPE: 1.00

Speaker Information

Randy Johnston

8A: Sustainability Roundtable for Audit Risk

Coming Soon!

Field of Study: Auditing
CPE: 1.00

Speaker Information

Carey Blakeman [ view bio ]

8B: Asset Protection Planning for Elderly

Coming Soon!

Field of Study: Finance
CPE: 1.00

Speaker Information

Abigail Peoples

8C: WISP Requirements

Coming Soon!

Field of Study: Management Services
CPE: 1.00

Speaker Information

Eric Hobbs

Wednesday November 20, 2024

9A: Managing the Black Holes of Client and Engagement Management

Coming Soon!

Field of Study: Business Management
CPE: 1.20

Speaker Information

Jennifer Louis

9B: Oh BOI - Updates on Corporate Transparency Act

What do retirees need to do to obtain the coverage needed and protect against rising healthcare costs in retirement? Starting with an overview of Medicare and ending with a discussion of long-term care, learn how healthcare works in retirement, decode the expected costs post-Medicare and make informed decisions now for a worry-free, healthier tomorrow.

Field of Study: Business Law
CPE: 1.20

Speaker Information

Heyward Armstrong

9C: ChatGPT: Custom GPTs for Accountants - What They Are and How to Use Them

Coming Soon!

Field of Study: Information Technology
CPE: 1.20

Speaker Information

Don Tomoff [ view bio ]

10A: Strengthening Inquiry Skills – Tips for Gathering the Information You Need on Audits

Strong substantive analytic procedures are critical for a quality and profitable audit engagement. This course will provide specific illustrations of how to strengthen and improve the design, documentation and results of analytical procedures.

Upon completion of this course participants will be able to:
• Describe the importance of strong analytic procedures to an effective and efficient audit
• Explain various methods for strengthening substantive analytic procedures
• Apply tools and techniques for designing, performing, and interpreting the results of solid
analytical procedures to improve financial analysis and performance measurement

Field of Study: Auditing
CPE: 1.30

Speaker Information

Jennifer Louis

10B: Elevate Your Retirement: Social Security Strategies for Success

When contemplating retirement income over a longer life, most begin with Social Security – and some key questions. When should I start collecting benefits? How do I estimate and maximize them? Is Social Security sustainable? How can I coordinate my benefits with other retirement income sources to maximize overall income? Find out how Social Security rules and strategies can work for you!

Field of Study: Finance
CPE: 1.30

Speaker Information

Paula McMillan [ view bio ]

10C: ChatGPT: Custom GPTs for Accountants - What They Are and How to Use Them

Coming Soon!

Field of Study: Information Technology
CPE: 1.30

Speaker Information

Don Tomoff [ view bio ]

11A: Audit Automation & AI

Coming Soon!

Field of Study: Auditing
CPE: 1.50

Speaker Information

Tim Reagan

Zackery Reichenbach-Carr

11B: Balancing Retirement Health Care Quality and Cost: Medicare and Long-Term Care

Coming Soon!

Field of Study: Finance
CPE: 1.50

Speaker Information

Paula McMillan [ view bio ]

11C: CPA Cyber Compliance -What you Need to Know

Coming Soon!

Field of Study: Information Technology
CPE: 1.50

Speaker Information

Rafe Martin

GS7: Creating a Dynamic Firm Culture

Coming Soon!

Field of Study: Personnel/Human Resources
CPE: 1.50

Speaker Information

Kimberly Jessup Ripberger [ view bio ]

Vicki Martin [ view bio ]

Kelly Puryear

Mark Soticheck [ view bio ]

Deetra Watson [ view bio ]

GS8: Economic Update

Coming Soon!

Field of Study: Economics
CPE: 1.30

Speaker Information

Michael Walden [ view bio ]

GS9: Tech Update

Coming Soon!

Field of Study: Information Technology
CPE: 1.30

Speaker Information

David Cieslak [ view bio ]

Individual topic purchase: Selected

North Carolina Association of Certified Public Accountants

Various: 24.00

Products

CONSYM24: 85th Annual Symposium Full Event (Early Bird) - Cutoff: 11/3/24

Member: $850.00

Non-Member: $950.00

CONSYM24: 85th Annual Symposium - Full Event

Member: $885.00

Non-Member: $985.00

CONSYM24: 85th Annual Symposium - 2 Day Registration (Early Bird) - Cutoff: 11/3/24

Member: $650.00

Non-Member: $750.00

CONSYM24: 85th Annual Symposium - 2 Day Registration

Member: $700.00

Non-Member: $800.00

CONSYM24: 85th Annual Symposium - 1-Day Registration (Early Bird) - Cutoff: 11/3/24

Member: $350.00

Non-Member: $450.00

CONSYM24: 85th Annual Symposium - 1-Day Registration

Member: $400.00

Non-Member: $500.00