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Message from the ChairIn our hectic world, it's a challenge to find the timeto finish everything that needs to get done. And,while meeting our work deadlines is important, sois networking with our colleagues and gainingnew insight and perspectives into our profession.The Florida Gulf Coast University Accounting &Tax Conference provides the perfect vehicle foryou, as a CPA on the Gulf Coast, to obtain yourCPE, share ideas with your peers, and keepinformed – all in one convenient location!Join us for our pre-conference ethics course (separate registration),and then dive into two full days of outstanding sessions andpresenters. Based on attendee feedback, our planning committeebrought back the best of the best!Please review the agenda for complete details on all sessions. I thinkyou'll find that we have something for everyone. Join us in October atthe Embassy Suites Fort Myers-Estero for this conference designedespecially for you!Sincerely,Shawn M. Williams, CPACPE CreditThis conference qualifies for 10 Accounting & Auditing (AA) and 6 TechnicalBusiness (TB) hours of CPE credit and is subject to change. An optional 4 hours ofEthics credit is also available. CPE credit is subject to approval by the FloridaDepartment of Business and Professional Regulation.Follow the FICPA on Twitter @ficpa and use#ficpaFGCU to tweet about this conference.

Conference at-a-glanceWednesday, Oct. 268:30 a.m. – 12:30 p.m.Ethics: Protecting the Integrity of Florida CPAs — 4980(Optional Attendance: Separate Registration Required)Thursday, Oct. 277:30 – 8 a.m.Registration and Continental Breakfast8 – 8:05 a.m.Introduction and Opening Remarks8:05 – 8:15 a.m.FGCU Welcome8:15 – 9:05 a.m.SSARSs Update 20169:05 – 9:55 a.m.What is New and Exciting at the County Appraiser'sOffice?10:05 – 11:45 a.m.A&A Update11:45 a.m. – 1 p.m.Lunch Presentation: Tax Update or Controversy for 20161:15 – 2:05 p.m.New and Old Issues with Individual and Corporate TaxEngagement Letters2:05 – 2:55 p.m.Virtual Offices: Problems and Praises3:10 – 4 p.m.The Affordable Care Act 2016 – Act 3: As the Dust Settles How Has It Affected Large and Small Employers?4 – 4:50 p.m.Who Gets What? How Trust Accounting Income AffectsDistributions from Estates and TrustsFriday, Oct. 287:30 – 8 a.m.Continental Breakfast8 – 9:40 a.m.Fraudulent Financial Statements9:55 – 11:35 a.m.FASB Update – Private Company Council11:35 a.m. – 12:50 p.m.Lunch and Student Presentation: The New LeaseAccounting Standard and Its Impact on the Airline Industry1 – 1:50 p.m.FRF for SMEs for Small and Medium-Sized Businesses1:50 – 2:40 p.m.Florida Sales Tax Update – Another Year of Tricks andTreats

Wednesday, Oct. 268:30 a.m. – 12:30 p.m.Ethics: Protecting the Integrity of FloridaCPAs – 4980Cecil “Pat” Patterson, Jr., CPA, MBAPatterson CPA Group Inc. Ponte Vedra BeachThis course addresses internal and externalissues that CPAs face and complies with theethics requirements for Florida CPAs as set forthby the Florida Board of Accountancy.Thursday, Oct. 277:30 – 8 a.m.Registration and Continental Breakfast8 – 8:05 a.m.Introduction and Opening Remarks8:05 – 8:15 a.m.FGCU Welcome8:15 – 9:05 a.m.SSARSs Update 2016 (1 AA)Cecil “Pat” Patterson Jr., CPA, MBAPatterson CPA Group, Inc. Ponte Vedra BeachThis presentation will cover the recently issuedSSARS 21 and any updates to SSARS 21 sinceissuance. Preparation engagements andcompilation engagements will be compared,contrasted and examined. Any changes toreview engagements will be analyzed.Engagement letters, reports and documentationissues will be covered.9:05 – 9:55 a.m.What is New and Exciting at the CountyAppraiser's Office? (1 TB)Kenneth M. Wilkinson, CFALee County Property Appraiser’s OfficeLee County Property Appraiser Ft. MyersThe Lee County Property Appraiser's office hasreceived significant state, national andinternational recognition over the past 35 yearsdue to its mission of providing advanced"Information Technology" through its website:www.leepa.org. The site tallies over 30 millionpage visits annually. Join us as we explore theoffice's best business practices which led to thelargest property tax savings in our state history.4Florida Gulf Coast University Accounting & Tax Conference10:05 – 11:45 a.m.A&A Update (2 AA)Eugene Ristaino, ABV,CFF,CPAOwner Ristaino & Company Lafayette Hill, Pa.This session will provide an update on recentlyissued accounting and reporting issues.Discussion will also be held on the impact tosmall- and mid-sized firm practices and an indepth analysis of implementation guidance andsuggestions.11:45 a.m. – 1 p.m.Lunch Presentation: Tax Update orControversy for 2016 (1 TB)Raymond L. Placid, CPA, JD, LL.M.Professor Florida Gulf Coast University NaplesDiscussion will be held on current taxdevelopments and tax planning tips for 2016.1:15 – 2:05 p.m.New and Old Issues with Individualand Corporate Tax Engagement Letters(1 TB)C. Michael Halfast, CPAPresident Risk Avoidance Managers, Inc. St.PetersburgThis session will explore important facets of theCPA-client relationship, with a focus on taxengagements. We will examine varioussentences and paragraphs in Individual andCorporate Tax Engagement letters. Discussionmay deviate to address peripheral riskmanagement issues that stem from theengagement letter. Since some of the languageresults from claims experienced by insurancecarriers, there will be a few "war stories" todemonstrate why the language is recommended.2:05 – 2:55 p.m.Virtual Offices: Problems and Praises(1 TB)Cecil “Pat” Patterson Jr., CPA, MBAPatterson CPA Group, Inc. Ponte Vedra BeachThis session will explore the various praises andpitfalls of operating in a "Virtual Office"environment. The benefits of virtual offices (VO)are many, but the VO may not be for everyone.Stories of success and failure in having a VO willbe presented, along with hardware and softwareissues.

3:10 – 4 p.m.The Affordable Care Act 2016 – Act 3:As the Dust Settles How Has It AffectedLarge and Small Employers? (1 TB)Kathleen A. Hargreaves, CPA, CFP, CPCShareholder/Director of HealthcareConsulting/Principal Kerkering, Barberio &Company, CPA SarasotaEmployers and employees continue to struggle tocomply with The Affordable Care Act. Thispresentation will explore how CPAs andemployers can take advantage of otherprograms to benefit employees, and how largeemployers must respond to new regulations andclarifications. We will examine real-worldexamples of problems encountered andsolutions.4 – 4:50 p.m.Who Gets What? How Trust AccountingIncome Affects Distributions fromEstates and Trusts (1 AA)Jeremiah W. Doyle IV, EsqSenior Vice President and Wealth Strategist BNYMellon Wealth Management Boston, Mass.The calculation of trust accounting income isnecessary to determine the amount of adistribution an income beneficiary is entitled toreceive. In most cases, trust accounting income isdetermined under the state's version of theUniform Principal and Income Act. This sessionwill discuss how to determine trust accountingincome and how it interacts with a trust'sdistributable net income and the beneficiary'staxable income.Friday, Oct. 287:30 – 8 a.m.Continental Breakfast8 – 9:40 a.m.Fraudulent Financial Statements (2 AA)Veronica Larriva, CPAForensic Accountant McHale, Caruso, Scullion& Knox, CPAs Ft. MyersandDavid Isley, CPA, CFF, CFEMcHale, Caruso, Scullion & Knox, CPAsFt. MyersWe will explore various fraudulent financialstatements and the activities that produce themwith an emphasis on the accountant's role inaudits, reviews and other attestationengagements.9:55 – 11:35 a.m.FASB Update – Private CompanyCouncil (2 AA)Michael Cheng, CPAPrivate Company Council Coordinator FinancialAccounting Standards Board Norwalk, Conn.Join Michael Cheng as he details key ongoingprojects of the FASB. He will also focus onprivate company standard setting and recentactivities of the Private Company Council.11:35 a.m. – 12:50 p.m.Lunch Presentation (Students) – TheNew Lease Accounting Standard andIts Impact on the Airline Industry (1 AA)Ara G. Volkan, Ph.D., CPAEminent Scholar/Moorings Park Chair FloridaGulf Coast University Cohen Center Ft. MyersandDeanna O. Burgess, Ph.D., CPAAssociate Professor Florida Gulf Coast UniversityCohen Center Ft. MyerswithGabriela Afre, Juliana Middleton, CynthiaRoss, Sladjana Vasic and Orlando SolarteOperating lease obligations avoid balance sheetrecognition, and critics assert that these offbalance sheet arrangements lack transparency.To address the criticism, the FASB issued aleasing standard that requires balance sheetreporting of most right-of-use leased assets anddebt, but it does not converge with the IASBstandards. This presentation summarizes thestandard and illustrates the anticipated impacton airlines – an industry heavily reliant onoperating leases.1 – 1:50 p.m.FRF for SMEs for Small and MediumSized Businesses (1 AA)Mark E. Brechbill, CPAManaging Director Mark Brechbill, PLLC StuartThis session will help you assist your clients withunderstanding and implementing a basis ofaccounting that simplifies their record keepingand financial reporting.1:50 – 2:40 p.m.Florida Sales Tax Update – AnotherYear of Tricks and Treats (1 TB)Joseph C. Moffa, Esq., CPAPartner/Shareholder Moffa, Sutton, & Donnini, P.A.Ft. LauderdaleThis session will highlight current Florida salesand use tax issues and their importance to theCPA.www.ficpa.org5