WIXLIB

Nov. 3 - 4, 2016 Orlando

With over 45,000 Community Associations in theState of Florida, CPAs have a unique opportunity toenhance their practice while providing services that candirectly affect the financial stability of their neighbors.Everyone has heard horror stories of how an associationwas adversely affected during a natural disaster oreconomic crisis. These stories showed how individuals were hurt because ofpoor planning or mismanagement of their association’s funds. As CPAs inthis industry, we have the opportunity to not only ensure compliance with therules and regulations as set forth by the State of Florida but more importantly,we have the ability to educate the board members so that these disasters do nottrickle down to become financial disasters for the individual owners. In thismarket segment, the CPA becomes more than an auditor or tax preparer – heor she becomes a trusted advisor.The CIRA Conference Committee has planned this conference to allow you togarner the education that you need to successfully provide services to the CIRAindustry. This committee has strived to bring in different speakers, providinga variety of perspectives that address a wide range of topics that are specificto our practices. The conference will provide updates to the Auditing andAccounting Standards and the Florida Department of Business & ProfessionalRegulation’s rules. We will offer a case study that walks you through the auditprocedures from planning to wrap-up. This class is not only for new auditorsbut also allows experienced auditors to analyze their own procedures todetermine if changes and improvements should be made. Additional sessionsinclude taxation for CIRAs, developer turnovers and timeshare financialreporting. Real life examples of fraud will be shared and discussed.Laura Gelman, chairCPE Credit#ficpaCIRA2 Common Interest Realty Associations ConferenceThis conference qualifies for 16 hours ofCPE credit. CPE credit is subject to approvalby the Florida Department of Business andProfessional Regulation. Type of credit isdependent upon breakout selection.

CONFERENCE at-a-glanceThursdayNovember 38 - 8:30 a.m.Introduction and Opening Remarks8:30 - 9:20 a.m.Accounting and Auditing Update9:20 - 10:10 a.m.DBPR Legislative Update and Financial Statements Deficiencies10:30 a.m. - 12:10 p.m.Real-life Examples Involving CIRA Fraud1 - 1:50 p.m.Unusual Accounting Topics1:50 - 2:40 p.m.Sales Tax and Issues Effecting CIRA3 - 4:40 p.m.Quality Matters - Improving and Maintaining Your Firm’sSystem of Quality Control4:40 - 5:30 p.m.Ask the ExpertsFriday8 - 9:40 a.m.November 4Breakout 1: Case Study: Engagement Planning/Field WorkBreakout 2: Advance Tax IssuesBreakout 3: HOA Developer Turnover Issues10 - 10:50 a.m.Breakout 4: Case Study: Wrap-Up and ReviewBreakout 5: Compilation and Review Update10 - 11:40 a.m.Breakout 6: Auditing QuickBooksBreakout 7: Case Study – Tax PrepBreakout 8: Timeshare Financial Statement Deficiencies12:50 - 1:40 p.m.Control Deficiencies1:40 - 2:30 p.m.Reserve Accounting and Disclosures Issues2:45 - 3:35 p.m.IT General Controls and the Data Security Threat Landscapewww.ficpa.org/cpe 3

CONFERENCETHURSDAY November 37:30 - 8 a.m.Registration and Continental Breakfast8 - 8:30 a.m.Introduction and Opening Remarks8:30 - 9:20 a.m.Accounting and Auditing Update (1 AA)Bruce A. Nunnally, CPA, CGMAPartner Carr, Riggs & Ingram, LLCMiramar BeachJoin me for a general update of recently issued accounting andauditing standards and learn how they apply to CIRAs.9:20 - 10:10 a.m.DBPR Legislative Update and Financial StatementsDeficiencies (1 TB)Patrick W. FlynnGovernment Analyst II Florida Department of Business andProfessional RegulationsThe course will cover new Florida Administrative Rules whichhave been adopted or are being proposed which effectcondominium and cooperative homeowners associations.Additionally, this session will cover a multitude of financial issuesthat the Division deals with on a day-to-day basis in condominiumand cooperative/timeshare homeowner associations, (Chapters718. 719 and 719 Florida Statutes).10:30 a.m. - 12:10 p.m.Real-Life Examples Involving CIRA Fraud (2 AA)William M. Michaelson, CPA, CFE, CFF, FABFAOwner Michaelson & Company, CPAsWest Palm BeachThe course will concentrate on actual frauds that have beeninvestigated and the procedures necessary to address them in anaudit situation.1 - 1:50 p.m.Unusual Accounting Topics (1 AA)Kevin M. PayneShareholder/Proctor Crook, Crowder & Fogal PAStuartThe session will concentrate on accounting issues wherepractitioners have a difference of opinion on how certaintransactions should be presented in their client’s financialstatements. Such issues include accounting for foreclosedhome/condominium units, recognition of assessment revenue onforeclosed units, and accounting for capital assets purchasedwith replacement funds.4 Common Interest Realty Associations Conference

SCHEDULE1:50 - 2:40 p.m.Sales Tax and Issues Effecting CIRA (1 TB)SpeakerDOR Representative3 - 4:40 p.m.Quality Matters -- Improving and Maintaining YourFirm’s System of Quality Control (2 AA)Richard ReederOwner Reeder & AssociatesTampaQuality matters in all that we do. This presentation will focuson resources, tips and requirements of your system of qualiltycontrol including how it impacts peer review. We also will coverchanges in the peer review program common deficiencies, andareas of focus.4:40 - 5:30 p.m.Ask the Experts (1 TB)Patrick FlynnandBruce A. Nunnally, CPA, CGMAandRichard ReederPartner Carr, Riggs & Ingram, LLCMiramar BeachThis session will be a recap of the day’s topics and a time forinteractive Q&A.CONFERENCE SPONSORwww.ficpa.org/cpe 5

FRIDAY November 48 - 9:40 a.m.Breakout 1: Case Study: Engagement Planning andField Work (2 AA)Julia E. Mercier, CPA, CAMPartner Mercier CPA AssociatesEnglewoodandAnthony L. Gregory, CPATony L. Gregory, CPA, LLCOrlandoThis session covers each step of the audit process, includingthe acceptance process, risk assessment and field workdocumentation.8 - 9:40 a.m.Breakout 2: Advance Tax Issues (2 TB)Percy J. Legendre, IIIManaging Partner Bashor & Legendre, LLPTampaThe course will address advanced tax issues as they relate toForm 1120 and Form 1120H.8 - 9:40 a.m.Breakout 3: HOA Developer Turnover Issues (2 AA)David HochsprungPartner Cavanaugh & Co, CPA, LLPSarasotaandJonathon Peet, CPAManager Member Jonathon Peet CPA, LLCTallahasseeHOA turnovers are inherently problematic. The lack of specificlaws and rules addressing key accounting issues causesthese audit engagements to be particularly risky. Join us ina discussion about some of these issues including capitalcontributions, deficit funding versus guarantees, cost allocationswith sub-associations, and bad debt.10 - 10:50 a.m.Breakout 4: Case Study: Wrap-Up and Review (1 AA)Ray-Lyn Barnett, CPADearolf & Mereness LLPTampaandMark E. BrechbillManaging Director Mark Brechbill, PLLCStuartThis course will cover procedures required to conclude the audit,as well as common deficiencies noted during the review process.Common deficiencies will include overlooked or incompletefieldwork procedures, missing financial statement disclosures andinappropriate auditors’ reports.6 Common Interest Realty Associations Conference

10 - 10:50 a.m.Breakout 5: Compilation and Review Update (1 AA)Scott D. Hennells, CPAManaging Member Wiebel, Hennells & Carufe, PLLCBonita SpringsandAnthony L. Gregory, CPATony L. Gregory, CPA, LLCOrlandoThis session will provide an annual update on issues affectingyour compilation and review engagements. Additionally, thesession will focus on the implementation of SSARS 21 from apractitioner’s standpoint with considerations of reporting needsand checklist requirements.10 - 11:40 a.m.Breakout 6: Auditing QuickBooks (2 AA)Laura GelmanPartner Rogers Wood Hill Starman & Gustason, PAMarco IslandQuickBooks Software continues to grow as the software ofchoice for a growing number of self-managed condominiumsand small management firms. We will discuss how internalcontrols can be improved when using QuickBooks. We will alsolook at reports which can be used to assist in performing auditprocedures and provide tips and tricks for navigating through theprogram.10:50 - 11:40 a.m.Breakout 7: Case Study – Tax Prep (1 TB)Mark E. BrechbillManaging Director Mark Brechbill, PLLCStuartThis is a continuation of the case study through preparation of thetax return. This session will cover the actual preparation of an1120 and 1120H using the data in the case study. Additionally,we will analyze the risk factors associated with both returns.10:50 - 11:40 a.m.Breakout 8: Timeshare Financial StatementDeficiencies (1 AA)Lena G. Combs, CPA, CGMAShareholder WithumSmith Brown, PCOrlandoCome listen to the DBPR share first hand the types of financialstatement deficiencies they are finding in timeshare associationaudited financial statements and have the opportunity to askquestions regarding your own association.www.ficpa.org/cpe 7

FRIDAY November 412:50 - 1:40 p.m.Control Deficiencies (1 AA)Kevin M. PayneShareholder Proctor, Crook, Crowder & Fogal PAStuartThe session will concentrate on the traditional systems of internalcontrol for a CIRA and its management company. We willdiscuss common weaknesses in internal control and how theycan be improved to safeguard the CIRA’s funds. The sessionalso will include discussion of common frauds that have occurredwithin CIRA’s.1:40 - 2:30 p.m.Reserve Accounting and Disclosures Issues (1 AA)David HochsprungPartner Cavanaugh & Co, CPA, LLPSarasotaAssociations are required to comply with a myriad of Floridalaws and rules as well as general accounting principles. Thissession will explore and explain the complexities of theseregulations as they apply to all types of associations. Specifictopics will include identifying, calculating, budgeting, accountingfor and financial statement presentation of reserves.2:45 - 3:35 p.m.IT General Controls and the Data Security ThreatLandscape (1 TB)Caryn ReikerSenior Director of Business Development Maxis 360Caryn will discuss what Maxis 360 looks for when completingan IT audit/risk assessment. In addition, she will share some ofthe high-risk issues Maxis 360 finds consistently, including nopolicies: partial or incomplete policies; no security awarenesstraining; no patch management or incomplete patching; andno vulnerability scanning or penetration (PEN) testing. Carynalso will discuss the current data security threat landscape andcybercriminals latest tactics.8 Common Interest Realty Associations Conference

Make the Most Out of theCIRA ConferenceSo how do you get the most out of this conference? It’s simple – just sign up andparticipate. Some of the classes are interactive discussions, so interact and discuss.These sessions are meant to encourage us to share and learn from other practitioners.If you are in a lecture, raise your hand and ask questions or spark conversationswith your peers. Complete your evaluation form. Write in topics you would like tosee included in the future. Consider signing up to join the committee. If you areinterested in speaking or know someone who would like to speak next year, let thecommittee know. This conference will continue to improve every year but to make iteven better, we need input and ideas from our fellow professionals.Laura Gelman, chairwww.ficpa.org/cpe 9