Related Party Transactions - A Recurring Issue [RPT2]

Aug 16, 2018
Time: 2:15pm - 4:00pm

Subject:

Accounting & Auditing

Credit Hours:

2.00

Price:

Member: $75.00
Non-member: $115.00

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Discussion Leader:

Rebecca Lee, CPA, CGMA    more info

Rebecca Lee, CPA, CGMA, is a Group Practice Leader for LOSCALZO ASSOCIATES LTD. and a
Principal with Brooke, Freeman & Lee, having offices in Anniston and Birmingham, Alabama.
She serves as the assurance, quality control and compliance principal with responsibilities for
the audit practice.
She has served on numerous AICPA and state society committees including the AICPA
Management Consulting Service Professional Practice Subcommittee, Small Business
Consulting Practices Subcommittee, Council of the AICPA and is a past member of the Institute’s MAS
Executive Committee and Personal Financial Planning Executive Committee. She has chaired both the
Management Advisory Committee and the Personal Financial Planning Committee of the Alabama Society of
CPAs. She currently serves on the South Carolina Association of CPAs’ Peer Review Committee and the
Continuing Professional Education Committee.
She holds a BS degree in Accounting from Jacksonville State University, Jacksonville, Alabama, along with a
Masters Degree in Accounting from Birmingham Southern College, Birmingham, Alabama.
Ms. Lee is a group practice leader for all staff level audit training programs, as well as other accounting and
auditing technical courses. She is a frequent speaker at CPA conferences, and has lectured extensively in the
area of management advisory services at professional meetings and seminars for state societies and the
American Institute of CPAs. With more than 30 years of experience in the audit and accounting field, Rebecca
has served as a discussion leader, technical reviewer and author of courses for audit and accounting technical
courses. Ms. Lee has served as professor of management accounting in the graduate studies (Master in Public
and Private Management) program at Birmingham-Southern College in Birmingham, Alabama. She is a
member of the Alabama Society of CPAs, the South Carolina Association of CPAs and the AICPA.

Rebecca Lee, CPA, CGMA, is a Group Practice Leader for LOSCALZO ASSOCIATES LTD. and aPrincipal with Brooke, Freeman & Lee, having offices in Anniston and Birmingham, Alabama.She serves as the assurance, quality control and compliance principal with responsibilities forthe audit practice.

She has served on numerous AICPA and state society committees including the AICPAManagement Consulting Service Professional Practice Subcommittee, Small BusinessConsulting Practices Subcommittee, Council of the AICPA and is a past member of the Institute’s MASExecutive Committee and Personal Financial Planning Executive Committee. She has chaired both theManagement Advisory Committee and the Personal Financial Planning Committee of the Alabama Society ofCPAs. She currently serves on the South Carolina Association of CPAs’ Peer Review Committee and theContinuing Professional Education Committee.

She holds a BS degree in Accounting from Jacksonville State University, Jacksonville, Alabama, along with aMasters Degree in Accounting from Birmingham Southern College, Birmingham, Alabama.

Ms. Lee is a group practice leader for all staff level audit training programs, as well as other accounting andauditing technical courses. She is a frequent speaker at CPA conferences, and has lectured extensively in thearea of management advisory services at professional meetings and seminars for state societies and theAmerican Institute of CPAs. With more than 30 years of experience in the audit and accounting field, Rebeccahas served as a discussion leader, technical reviewer and author of courses for audit and accounting technicalcourses. Ms. Lee has served as professor of management accounting in the graduate studies (Master in Publicand Private Management) program at Birmingham-Southern College in Birmingham, Alabama. She is amember of the Alabama Society of CPAs, the South Carolina Association of CPAs and the AICPA.

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Website registration for this course closes on August 9, 2018. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

Related Party Transactions A Recurring Issue (RPT2)

August 16, 2018

Westmark Fairbanks Hotel
813 Noble Street
Fairbanks, AK

LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course and $12.50 for each 2 hour course.

Related party transactions are often the most difficult for accountants and auditors to manage due to these transactions not being separately identified when transaction activity takes place. Related party transactions are often used to commit fraud and more often are simply hidden by management because they do not want third parties to be aware of these transactions. This program will identify the accounting and disclosure guidance associated with related party transactions (ASC 850), address form over substance-related party transactions, provide examples of related party frauds, and describe best practices for identifying undisclosed related party transactions. Related party disclosures will also be addressed.

Major Topics:
-A closer look at related party transactions and the related accounting guidance
-Related party frauds
-Best practices, related party disclosures

Learning Objectives:
Participants will be able to identify, account, and disclose related party transactions.

Designed For: Accountants in public practice and industry

CPE Credits: 2, Accounting & Auditing

Level of Knowledge: Basic

Prerequisite: None

Acronym: RPT2

Discussion Leader: Rebecca Lee, CPA, CGMA