Virginia Accounting & Auditing Conference Sep 2019 Roanoke

Roanoke

49 th Annual

Virginia Accounting & Auditing Conference

Sept. 26–27, 2019 Falls Church Marriott Fairview Park

Nov. 21–22, 2019 Founders Inn & Spa, Virginia Beach

Sept. 23–24, 2019 Hotel Roanoke & Conference Center

HELP KEEP OUR voices HEARD

THE VSCPA IS YOUR PROFESSIONAL ASSOCIATION We strive to protect your best interests and CPA license through our advocacy efforts and the VSCPA Political Action Committee (VSCPA PAC). This includes keeping major issues, such as tax conformity, at the forefront of this evolving political environment. This past year brought 21 new legislators with whom we are still building relationships and working to educate on matters important to CPAs. This means we will need to increase our efforts to strengthen and solidify relationships with legislators, and VSCPA PAC contributions are a key part of this effort. Whether you make a $50 or $100 contribution, every gift helps ensure positive change for the profession and Virginia residents. Contribute online at vscpa.com/PAC .

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49 th Annual Virginia Accounting & Auditing Conference Housekeeping List

NEW! Online Verification of Attendance Form • We have a new CPE Reporting tool that will help streamline the process!

• You can access the within the VSCPA event app by selecting “Verification of Attendance Form” or you can do to vscpa.cnf.io from a web browser on any mobile device, such as a phone, tablet or laptop. • You will need to check-in to your sessions throughout the course of the two days and submit your session check-ins at the end of the conference. • You will receive a CPE certificate via email from the VSCPA within one week of the conference. • Please see the handouts on the tables for more thorough instructions. • If you need help with this new electronic process or have questions, please visit the registration desk or contact the VSCPA at cpe@vscpa.com or (800) 733-8272. Mobile App • New this year, we have a mobile event app tailored for the Accounting & Auditing Conference! You can download it from the app store on your smart phone or tablet by searching “Eventsential” and searching for “VA Soc of CPAs”. • You’ll find your customized agenda, speaker bios, e-materials, post updates on the timeline and connect with other attendees. • Please see the handout on the tables for more instructions or stop by the registration desk! Materials • All presentations are subject to change. • Your materials are all online. You can access them from the thumb drive you received at check or through the VSCPA website located on the My CPE page and finally they are also loaded into the Event App with each session. Social Media • If you’re on Twitter, use the hashtag #49yearsandcounting to tweet about your conference experience. And follow us @VSCPANews • If you’re on Instagram, use the hashtag #49yearsandcounting to tag us in your event pictures @VSCPA.

Hotel Roanoke and Conference Center September 23 & 24, 2019 Day 1 - Schedule

6:30 – 8:00 am Registration & Continental Breakfast OPENING

Presiding: Lynn Almond, CPA, Department of Accounting & Information Systems, Virginia Tech

Session

Day/time 8:00 am 8:50 am 8:55 am 9:45 am 10:00 am 11:40 am 10:00 am 11:40 pm 10:00 am 11:40 am 10:00 am 11:40 am 10:00 am 11:40 am 10:00 am 11:40 am 11:40 am 1:00 pm 1:00 pm 2:40 pm 1:00 pm 2:40 pm 1:00 pm 2:40 pm 1:00 pm 2:40 pm 1:00 pm 2:40 pm 1:00 pm 2:40 pm 2:55 pm 4:35 pm 2:55 pm 4:35 pm 2:55 pm 4:35 pm 2:55 pm 4:35 pm 2:55 pm 4:35 pm 2:55 pm 4:35 pm

Room

1

Cutting Through the Hype; Blockchain Trends & Updates Practitioners Need to Know Shehan Chandrasekera, CPA

Roanoke Ballroom Roanoke Ballroom

2

White Collar Crime: What Every CPA Should Know David Cotton, CPA, CFE, CGFM

9:45 – 10:00 am Break 3

FASB Accounting Update James Starkey, CPA

Roanoke Ballroom CEF Roanoke Ballroom DGH

4

Virginia-Specific Ethics Course 2019 David Peters, CPA, CFP, ChFC, CPCU, CLU

5

White Collar Crime Kelly Pope, PhD, CPA

Crystal ABC

6

Individual and Corporate Tax Update Art Auerbach, CPA, CGMA

Crystal DE

7

The Death of Estate Planning … “Not so fast, my friend”! Bill Young, CPA, CGMA

Shenandoah

8

Accounting Analytics Jacob Shortt, CPA

Pocahontas

Lunch & Learn 9

Risk Management Fundamentals … Understanding and Preparing for Risk Duncan Will, CP, ABV/CFF, CFE

Roanoke Ballroom AB Roanoke Ballroom CEF

10

FASB Accounting Update James Starkey, CPA

(REPEAT of Session 3)

11

Peer Review: Evolving to Better Serve the Profession Jim Brackens, CPA, CGMA, Bob Moore, CPA, and Nadia Rogers, CPA

Pocahontas

12

Accounting Analytics Jacob Shortt, CPA

Roanoke Ballroom DGH

(REPEAT of Session 8)

13

Global Finance, Money & Banking, Treasury, FinTech and Payments Update Jeff Lewis, MBA, RR, CTP, CCM TEN TIPS for Accountants and Auditors— to increase your effectiveness, efficiency and VALUE Joan Renner, CPA, CGMA

Crystal ABC

14

Crystal DE

15

Tax Conformity & Virginia Tax Policy Emily Walker, CAE

Shenandoah

2:40 – 2:55 pm Break 16

Virginia-Specific Ethics Course 2019 David Peters, CPA, CFP, ChFC, CPCU, CLU Top Seven Ways to Engage Workers and Retire Early! Lisa Germano, CPA, CGMA, J.D.

Roanoke Ballroom CEF Crystal ABC Roanoke Ballroom DGH

(REPEAT of Session 4)

17

18

Individual and Corporate Tax Update Art Auerbach, CPA, CGMA

(REPEAT of Session 6)

19

Government Contracting Brad Tress, CPA

Pocahontas

20

TEN TIPS for Accountants and Auditors— to increase your effectiveness, efficiency and VALUE (REPEAT of Session 14) Joan Renner, CPA, CGMA The Death of Estate Planning … “Not so fast, my friend”! (REPEAT of Session 7) Bill Young, CPA, CGMA

Crystal DE

21

Shenandoah

4:35 – 4:50 pm Break EVENING

Presiding: Stephanie Peters, CAE, President & CEO, VSCPA

22

4:50 pm 5:40 pm

AICPA Enhancing Audit Quality Update – Continuing the Journey to Excellence Jim Brackens, CPA, CGMA

Roanoke Ballroom

5:40 – 7:00 pm Networking Reception

Hotel Roanoke and Conference Center September 24, 2019 Day 2 - Schedule

6:30 – 8:20 am Registration and Continental Breakfast Session Day/Time Room 23

7:30 am 8:20 am 8:25 am 9:15 am

BONUS SESSION: VSCPA Update Stephanie Peters, CAE

Roanoke Ballroom

OPENING

Presiding: Stephanie Peters, CAE, President & CEO, VSCPA

24

Economic Update: Examine the state and national economic landscape and its impact on Virginian households and businesses. Sonya Waddell

Roanoke Ballroom

9:15 – 9:30 am Break 25 9:30 am 11:10 am

Adopting AI in Audit and Assurance John Colthart

Crystal DE

26

9:30 am 11:10 am 9:30 am 11:10 am 9:30 am 11:10 am 9:30 am 11:10 am 9:30 am 11:10 am 12:20 am 2:00 pm 12:20 am 2:00 pm 12:20 am 2:00 pm 12:20 am 2:00 pm 12:20 am 2:00 pm 2:15 pm 3:55 pm 2:15 pm 3:55 pm 2:15 pm 3:55 pm 2:15 pm 3:55 pm 2:15 pm 3:55 pm 2:15 pm 3:55 pm

Risk Assessment – Are You Starting Your Audit Off on the Right Foot? Deana Thorps, CPA Global Finance, Money & Banking, Treasury, FinTech and Payments Update Jeff Lewis, MBA, RR, CTP, CCM (REPEAT of Session 13)

Pocahontas

27

Roanoke Ballroom DGH Crystal ABC

28

Non-Profit Update Lee Klumpp, CPA, CGMA

29

Business Valuations – Including a Discussion of the Impact of the TCJA and Section 199A on Business Valuations Joe Thornton, CPA/ABV, CFF, PFS, CFP®, CVA

Shenandoah

30

Top Seven Ways to Engage Workers and Retire Early!

Roanoke Ballroom CEF

(REPEAT of Session 17)

Lisa Germano, CPA, CGMA, J.D.

11:10 am – 12:20 pm Networking Lunch 31 12:20 am 2:00 pm Roanoke Ballroom CEF

Frauds We Have Known and Not Loved - An examination of frauds at organizations that thought they were too small for it to happen. Cathy Pennington, CPA, CGMA and Joyce Terry, CPA

32

GASB Update Tracy Bedgood, CPA and Krista Edoff, CPA

Crystal ABC

33

Risk Assessment – Are You Starting Your Audit Off on the Right Foot? Deana Thorps, CPA

Pocahontas

(REPEAT of Session 26) (REPEAT of Session 28)

34

Non-Profit Update

Roanoke Ballroom DGH

Lee Klumpp, CPA, CGMA

35

SALT. Still raising blood pressure in all forms. Jared Brown, CPA

Shenandoah

36

Audit & Attest Standards Update Mike Glynn, CPA, CGMA

Crystal DE

2:25 2:00 – 2:15 pm Break 37

Frauds We Have Known and Not Loved - An examination of frauds at organizations that thought they were too small for it to happen. (REPEAT of Session 31) Cathy Pennington, CPA, CGMA and Joyce Terry, CPA

Roanoke Ballroom CEF

38

GASB Update

(REPEAT of Session 32)

Crystal ABC

Tracy Bedgood, CPA and Krista Edoff, CPA Adopting AI in Audit and Assurance Being Conscious About Unconscious Bias Kim Drumgo, CPA John Colthart

39

(REPEAT of Session 25)

Pocahontas

40

Roanoke Ballroom DGH

41

SALT. Still raising blood pressure in all forms. (REPEAT of Session 35) Jared Brown, CPA

Shenandoah

42

Audit & Attest Standards Update Mike Glynn, CPA, CGMA

(REPEAT of Session 36)

Crystal DE

HOTEL ROANOKE AND CONFERENCE CENTER

NOTES: __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________ __________________________________________

BIOs OF SPEAKERS FOR ROANOKE CONFERENCE

Arthur (Art) Auerbach , CPA, CGMA is an independent tax consultant located in Atlanta, GA., specializing in tax consulting and estate and financial planning for individuals and closely held businesses. He is affiliated with the Asbury Law Firm as a consultant. He is a member of the Georgia, Virginia, New York and Greater Washington CPA societies. Art was appointed to the AICPA Tax Executive Committee for a term beginning February 1, 2018 ending May 31, 2019. As an active member of the Georgia Society he serves on the Georgia Department of Revenue Commissioners Advisory Group, the Financial Literacy Task Force and Chairs the GSCPA Federal State Tax Task Force. He has served as an advisor to the District of Columbia Office of Tax and Revenue and the Tax Commissioners Advisory group in Virginia. Art is currently on the editorial board of the Journal of Accountancy and serves as a member of the Ethics Committee of the Virginia Society of CPA’s. Art is a nationally recognized speaker on a variety of tax topics offered for continuing education for CPA’s and financial planners. He has authored several publications and articles. Art is licensed in Georgia, Virginia, District of Columbia and New York and is a life member of the American Institute of CPA’s. He can be reached at Arthur.Auerbach@cpa.com. Tracy M. Bedgood , CPA, As an audit manager, is responsible for all aspects of the audit process. She maintains an active presence throughout the planning, performing, supervising and reporting stages of the engagement, as well as provides direct communication and value-added services to clients. Tracy serves clients across a wide range of industry groups, specializing in attestation services for the government sector. Attestation services she provides include financial and performance audits, agreed-upon procedures, single audits and compliance audits. With over 13 years of audit experience, Tracy has also guided state and local government entities with financial statement and compliance audits in accordance with both GAAS and Government Auditing Standards, the Single Audit, and the Auditor of Public Accounts’ Specifications for Audits of Counties, Cities and Towns, and Specifications for Audits of Authorities, Boards and Commissions. Prior to joining Cherry Bekaert, Tracy practiced public accounting in Georgia for nearly 10 years. James (Jim) W. Brackens Jr. , CPA, CGMA, is vice president of ethics and practice quality at the American Institute of CPAs (AICPA). His responsibilities include providing strategic and tactical direction for peer review, professional ethics, the Employee Benefit Plan Audit Quality Center and the Governmental Audit Quality Center. Prior to joining the AICPA in 2006, Jim was associated with both international and local public accounting firms including managing his own practice for 17 years in which he served primarily closely held businesses and nonprofit organizations. He also served as a peer reviewer and performed more than 300 peer reviews of local accounting firms. Jim is a member of the AICPA, the North Carolina Association of CPAs (NCACPA) and the Virginia Society of CPAs (VSCPA) and has served in various volunteer leadership positions for both the AICPA and VSCPA including chairing the VSCPA’s Peer Review Committee, serving as vice chair and member of the VSCPA’s Board of Directors and as a member of the AICPA’s Professional Ethics Executive Committee. Through a joint effort of the VSCPA and Virginia Business magazine, Jim was voted by his peers as being one of the top CPAs in Virginia in small business consulting (2001 through 2004) and assurance services (2004 and 2005). In 2004, he was the initial author and primary presenter of the VSCPA’s CPE course "Ethics 2004 — Your License Depends on It!" and continued in this capacity until joining the AICPA. Jim received his bachelor's degree in accounting from Virginia Tech in 1977. Jared D. Brown , CPA, is a director at Brown, Edwards & Company, L.L.P. Prior to joining Brown Edwards, Jared was an owner in a local CPA firm in Bristol, VA. Jared’s client list ranged from the small mom and pop shop to a multinational manufacturing company. Jared has been referred to as a “generalist” at Brown Edwards but he has grown into a tax role. Jared has overseen numerous types of audits for his clients from state sales tax audits to IRS audits. Jared has worked with many clients assisting with state and local tax compliance and utilizes his unique background to focus on providing management and tax consultations, business and tax planning, and tax compliance services. Working with small business has given Jared the opportunity to work through compliance issues related to state and local tax compliance in Tennessee and Virginia but having larger clients has expanded his knowledge base to other states and localities as well. Jared is a graduate of East Tennessee State University in Johnson City, TN. He is currently a member of the Virginia Society of CPAs, the Tennessee Society of CPAs, and the American Institute of CPAs. Shehan Chandrasekera , CPA, is one of the handful of CPAs in the country who is recognized as a real-world operator and a conceptual subject matter expert on cryptocurrency taxation. He is a partner at JAGArgueta CPAs and leads the Technology & Startup niche in the practice. He is a published author, CPE instructor and a frequent technical contributor to various social media platforms. His article on “Virtual Currency and Tax Ramifications” was featured in “The Tax Adviser” magazine sponsored by the AICPA. He was one of the first CPAs to have a published article on Cryptocurrency taxation. Further, he serves as the Head of Tax Strategy for CoinTracker and enjoys working as the Associate Director of Houston Blockchain Alliance. John Colthart has made clients successful in every major market worldwide during his 17-year career in technology leading world-class sales and professional services organizations. This started after his departure as a corporate finance and accounting practitioner in 2000 so he could grow a startup to 425+ employees and exit to IBM with a role of vice president of sales operations in 2010. During his stay at IBM, John held global roles running sales enablement, offering management and design leadership within the IBM Analytics division. He strives to lead clients to effectively use analytics to change the course of their business. David L. Cotton , CPA, CFE, CGFM, is chairman of Cotton & Company LLP, Certified Public Accountants, headquartered in Alexandria, Virginia. Dave received a BS in mechanical engineering (1971) and an MBA in management science and labor relations (1972) from Lehigh University in Bethlehem, PA. Dave chaired the Fraud Risk Management Task Force, sponsored by COSO and ACFE and is a principal author of the COSO-ACFE Fraud Risk Management Guide . Dave has testified as an expert in governmental accounting, auditing, and fraud issues before the United States Court of Federal Claims and other administrative and judicial bodies. Dave was the recipient of the ACFE 2018 Certified Fraud Examiner of the Year Award (“presented to a CFE who has demonstrated outstanding achievement in the field of fraud examination … based on their contributions to the ACFE, to the profession, and to the community”).

Kim Drumgo , CPA, is a strategic leader with a deep understanding of the complex diversity, inclusion, equity and belonging best practices and the value they bring to organizations. She provides expertise in driving cultural change through cross-functional team engagement and inspiring a community of understanding. She has successfully led the development and implementation of diversity and inclusion practices, diversity councils, training, and various tools and programs that foster an inclusive work environment. She is a servant leader with over 24 years of project management, professional services, nonprofit, government and technical industry exposure. Kim is the director of diversity and inclusion at the Association of International Certified Professional Accountants. She also serves as the chairman of the board for the Ph.D. Project, a nonprofit organization whose mission is to increase the diversity of business school faculty. Kim holds a bachelor of science degree from UNC Chapel Hill and a master’s in business administration from the University of Maryland. She is also a certified Project Management Professional and certified in the administration of the Global Mindset Inventory assessment. Krista Edoff, CPA, is a Partner in Cherry Bekaert’s Hampton Roads practice, Krista has over twelve years of experience providing attestation services to governmental, commercial and nonprofit clients. As a member of the Firm’s Government Services industry group, local governments depend on Krista’s expertise in performing financial and compliance audits (including single audits). She also delivers audit, review, agreed-upon procedure and consulting services to middle-market clients within the manufacturing, distribution and retail industries. Krista’s duties encompass all aspects of these services from planning, performing, supervising, reporting and wrapping-up the engagement, to direct communication and value-added services to her clients. Before joining Cherry Bekaert in 2002, Krista was employed in public accounting in Florida and South Carolina, where her primary focuses were governmental accounting and small business taxation. She has been both an internal and external instructor for government-related CPE. Lisa Germano , CPA, CGMA, J.D., is president and general counsel of Actuarial Benefits & Design Company (AB&DC), an organization that assists business owners and key executives to establish and monitor retirement income goals, maintain retirement plan compliance, satisfy reporting and disclosure to government agencies and assist with internal controls and plan governance. Lisa is a member of the Virginia Bar and is licensed as a CPA by the Commonwealth of Virginia. She is a principal in the law firm of Coyner & Germano, located in Charlottesville. Lisa founded two 501(c)(3) nonprofit organizations; one for ovarian cancer research and the other a private-public partnership for public school funding for athletics and other nonacademic programs that keep students engaged. Lisa is immediate past chair of the Virginia Society of CPAs (VSCPA) Board of Directors and has served on the Board and has chaired numerous high-level committees for the American Institute of CPAs (AICPA). She was appointed by Internal Revenue Service (IRS) Commissioner Shulman to his Information Reporting Program Advisory Committee. She currently serves on the committee for the IRS EP/EO 2017 Joint Council meeting, co-chairs the IRS Mid-Atlantic Pension Liaison Group and was co-chair of the 2014 AICPA National Employee Benefits Conference. In 2015, Lisa received the Arthur J. Dixon Memorial Award from the AICPA. In 2011, she was inducted as a fellow into the American College of Employee Benefits Counsel for her contributions in the employee benefits field and also in that year received the inaugural AICPA Sustained Contribution Award for her contributions to the CPA profession. In 1996 Lisa received the Hammer Award from Vice President Gore for voluntary service on regulatory work for the Pension Benefit Guaranty Corporation. She authors several newsletters and speaks frequently on employee retirement plan related topics, small business leadership and nonprofit governance and professional networking. Follow her on Twitter at @LisaGermanoCPA. Mike Glynn , CPA, CGMA, is a senior technical manager in the AICPA Audit and Attest Standards Team. He serves as the staff liaison to the Accounting and Review Services Committee (ARSC). In addition, Mike supports the activities of Auditing Standards Board (ASB) and its subcommittees by assisting members in drafting and deliberating authoritative professional standards and interpretations. Lawrence (Lee) Klumpp , CPA, CGMA, is BDO’s National Nonprofit & Education Industry Group audit and accounting technical leader. He recently completed a fellowship at the Financial Accounting Standards Board (FASB) where he led FASB's project to reexamine existing standards for financial statement presentation by nonprofit entities, focusing on improving the net asset classification requirements and information provided in financial statements and notes about liquidity, financial performance and cash flows. Lee has 20 years of experience serving a diverse group of nonprofit organizations while working for BDO and previously in the audit practices of Ernst & Young, LLP and KPMG. Additionally, he is an accomplished speaker and has spoken on various nonprofit accounting, governance auditing, internal control, governance, financial reporting and single audit issue topics related to nonprofit organizations around the country. Follow him on Twitter @lklumppcpa. Jeffrey Lewis , MBA, RR, CTP, CCM, is president and managing partner of The Azimuth Group. His practice includes the areas of strategic planning, domestic and international finance and treasury. He has worked worldwide for a variety of multinational companies. Jeff is a frequent lecturer on global financial management, international development, electronic commerce and systems development. Published in leading professional publications and journals worldwide, he has authored several textbooks and reference manuals. Robert M. Moore, Jr. , CPA, is a founding member of the firm Boyce, Spady & Moore PLC in Suffolk, Virginia. He has worked in public accounting for 42 years and is involved in all areas of audit and accounting services, income tax services and peer review. In addition to performing peer reviews, Bob has served as a technical reviewer for the VSCPA Peer Review Program since the inception of the program in 1989, and frequently serves as a discussion leader and speaker on peer review topics. He has also served on various committees and boards over the years and is currently serving as treasurer and board member of two nonprofit entities.

Catherine M. Pennington , CPA, CGMA, has more than 30 years of experience in both public accounting and industry. She has spent 21 years in public accounting performing audits, tax planning and compliance and accounting services. Her practice is focused on nonprofit organizations. In addition, Cathy spent seven years as a nonprofit controller and five years as a controller in real estate development and property management. She provides professional services to trade associations, professional associations, sports leagues, child development centers, schools, churches and other nonprofit organizations. These professional services not only include audit and tax services but also accounting services that take advantage of her years of experience as a controller. These engagements involve functioning as either a temporary or ongoing, multi-year chief financial officer or controller. David Peters , CPA, CFP, ChFC, CPCU, CLU, is the strategic relationship manager and financial advisor for Carroll Financial Associates, a financial planning and investment management company located in Charlotte, N.C. Before joining Carroll Financial, David was the first chief financial officer for Compare.com — a position he held for more than three years. Prior to joining Compare.com, he was the first technical accountant in charge of insurance accounting and financial compliance functions at Elephant Auto Insurance. He was instrumental in the early success of both Compare.com and Elephant in the U.S. David is currently pursuing a Ph.D. in financial planning at The American College in Bryn Mawr, Pa. Additionally, he teaches courses as an adjunct professor in accounting, financial planning and insurance. He is a member of the board of directors for the Charlotte CPCU Society. He also occasionally speaks at grade schools, high schools and colleges throughout Virginia and North Carolina. He holds an MBA from Virginia Commonwealth University, a master’s degree in taxation from the University of Illinois, a master’s degree in financial services from The American College, a master’s degree in theology from Pittsburgh Theological Seminary, as well as a B.S. in business administration from Valparaiso University in Indiana. Stephanie R. Peters , CAE, is president & chief executive officer of the Virginia Society of Certified Public Accountants (VSCPA), a statewide professional association for CPAs. She has been with the VSCPA since 1997 and leads the organization on national and state professional issues, legislative and regulatory activities and external relations. As president & CEO, Peters is a member of the VSCPA board of directors and its executive committee. Nationally, Peters serves as Chair of the National Association of State Boards of Accountancy (NASBA) State Society Relations Committee. Peters has served on the American Institute of CPAs (AICPA) Peer Review Board and the AICPA/NASBA Uniform Accountancy Act Committee, and she is a past president of the CPA Society Executives’ Association. A Certified Association Executive (CAE), Peters served as president of the Virginia Society of Association Executives and has received its CEO Award of Excellence. Peters currently serves as Vice Chair of the Virginia Council on Economic Education. Peters received her Bachelor of Arts in history from the University of Virginia and her Master of Public Administration from Virginia Commonwealth University. She is also a graduate of the U.S. Chamber of Commerce Institute for Organization Management and Lead Virginia. Kelly Richmond Pope , PhD, CPA, is an Associate Professor in the School of Accountancy and MIS at DePaul University where her research and teaching focuses on organizational misconduct, ethics and fraud, and how organizations design cultures and compliance systems to confront these challenges. Pope is also a documentary filmmaker and directed and produced the award-winning film, All the Queen’s Horses . Dr. Pope received her Ph.D. in Accounting from Virginia Tech and she is a licensed CPA. Joan M. Renner , CPA, CGMA, has been providing audit and accounting services to nonprofit organizations for more than 30 years. She is in charge of Renner & Company's services to nonprofit organizations. Her areas of expertise include services to trade associations, scientific organizations, federal award recipients, schools and other public charities. Joan is a member of the Virginia Society of CPAs (VSCPA) Accounting & Auditing Conference Committee and the Greater Washington Society of CPAs Nonprofit Organizations Committee and has been a popular presenter at professional conferences. Joan has served on a number of nonprofit Boards, including the Goodwin House Foundation, Scholarship Fund of Alexandria, Rotary Club of Alexandria, Alexandria Chamber of Commerce, Alexandria Symphony Orchestra and Friends of the Torpedo Factory Art Center. She has also been recognized as a Living Legend of Alexandria, Rotarian of the Year (Rotary Club of Alexandria) and Board Member of the Year (Alexandria Chamber of Commerce). Nadia A. Rogers , CPA, joined the faculty of Virginia Tech in 2015. She was previously in public practice, most recently a Partner of Creedle, Jones & Alga, P.C. Her primary responsibilities within the firm were to direct the firm’s Richmond Office and to coordinate assurance compliance of the firm as a whole. Prior to joining Creedle, Jones & Alga, P.C., Nadia was a Senior Manager in KPMG LLP’s Audit Practice in Richmond, VA. Nadia is the Chair of the Virginia Board of Accountancy’s Peer Review Oversight Committee. She has also contributed to the accounting profession by performing Peer Reviews of firms providing accounting and auditing services to their clients in addition to performing reviews that assist firms in preparing for their Peer Review. Nadia was a Speaker regarding the topic of Peer Review at the following conferences: 41st Annual Accounting and Auditing Conference sponsored by Virginia Tech and the Virginia Society of Certified Public Accountants as well as the Peer Review Oversight Committee Summit sponsored by the National Association of State Boards of Accountancy. Additionally, she is a member of the American Institute of Certified Public Accountants and the Virginia Society of Certified Public Accountants. Nadia was also accepted into and participated in the Virginia Society of Certified Public Accountants 2014 Leadership Academy. Nadia is a graduate of Virginia Tech, wherein she earned a B.S. with a concentration in Accounting and Information Systems as well as a Masters of Accountancy. She has authored an accounting article on biometrics in the Information Systems Control Journal , a worldwide publication on IT governance and assurance. In addition to her teaching responsibilities at Virginia Tech, she is also the Director of our Master of Accounting and Information Systems (MACIS) Program and Advisor of the Accounting Analytics, Audit and Financial Services Options within our MACIS Program.

Jacob Shortt , CPA, is an instructor in the Department of Accounting and Information Systems at Virginia Tech and is a licensed CPA in the state of North Carolina. Jacob graduated from Virginia Tech with both his Bachelors and Masters in Accounting and Information Systems. After graduation he joined PricewaterhouseCoopers LLP in the core audit group specializing in manufacturing clients. He has also worked as a lead consultant in the risk advisory consulting practice of Dixon Hughes Goodman LLP within their banking practice, as the Cash and Investment Manager at Carolinas Healthcare System, and as a VP Regulatory Advisor at Bank of America. Jacob has been teaching at Virginia Tech since the Fall of 2016 and has taught Intermediate Financial Accounting Parts 1 and 2, Accountings Systems and Controls, and most recently Accounting Analytics. James Starkey , CPA, is a project manager at the Financial Accounting Standards Board ( FASB ). In this role, James works on the FASB’s projects on reference rate reform, share-based payments to customers, and private company practical expedients for share-based payment accounting. Prior to joining the FASB, James was a consultant advising private companies in the technology industry on accounting matters primarily related to revenue recognition, share-based payments, business combinations, leases, and preferred stock financing transactions. James began his career in public accounting at PricewaterhouseCoopers LLP where he audited entities ranging from small start- ups to global public companies. James holds a CPA license in the states of New Jersey and Massachusetts. He received a Bachelor of Business Administration with a concentration in accounting from Boston University. Joyce Terry, CPA, is a senior-level accounting professional with over 30 years of experience serving the non-profit community in accounting, finance, information technology and systems development. Over the past 25 years she has served as the Controller or CFO of a number of non-profit organizations ranging in size from $1.2 to $300 in assets. Joyce is member of the GWSCPA, MACPA and AICPA non- profit section as well as a member of the GWSCPA Non-profit Symposium Committee. She is a member of the Bay Business Group of Southern Maryland, an organization dedicated to promoting business activities in Southern Anne Arundel and Calvert counties. She is currently treasurer of two small non-profit organizations in Southern Maryland and consults with two others. Joseph Thornton , CPA/ABV, CFF, PFS, CFP®, CVA, has over 30 years of experience in business valuation, public accounting, banking and financial consulting services. He is a former founder, director and commercial loan officer for Regency Bank in Richmond, and has many years of experience in all aspects of public accounting. Joseph is responsible for the business valuation and litigation support services for Mitchell, Wiggins & Company LLP. As a valuation specialist, he has prepared valuation reports for a wide range of purposes including: business planning, business purchases and sales, gift and estate tax returns, planning for gifts, estates and trusts, and other valuation consulting services. He has been accepted as a qualified expert witness in various courts within Virginia in the area of business valuations and accounting, and he also provides other litigation support services for attorneys in valuation, divorce, income for support purposes, tax consequences and economic damage issues. He has published numerous articles on the subject of business valuations and has made presentations to various groups and college classes on valuation and litigation topics. Joseph has also been recognized as one of Virginia’s “Super CPAs” in the Business Valuation/Litigation category by the Virginia Business magazine and the Virginia Society of CPAs every year since its inception in 2001, and was profiled as the Business Valuation “Super CPA” in the November 2011 issue. Deana N. Thorps, CPA – Manager, Audit Quality Initiatives, AICPA, Durham, NC. Ms. Thorps is a seasoned audit professional with over 13 years of public and private sector experience. Most recently, she has led audit quality efforts with the North Carolina Department of Transportation Office of Inspector General by developing standardized workpaper templates and audit reports to assist with compliance of applicable auditing standards. Brad Tress , CPA, is with Dixon Hughes Goodman. Brad has eight plus years of experience performing auditing, accounting, and consulting services for clients in both the Federal Government and the private sector. He has an extensive background in the application and interpretation of rules, regulations, and standards applicable to government contractors, including the Federal Acquisition Regulation (FAR) and the Cost Accounting Standards (CAS). Brad is DHG’s labor law compliance lead and assists clients with issues involving the Service Contract Act (SCA), Davis Bacon Act (DBA), and other regulations associated with government contracting labor issues. Brad has co- hosted the Public Contracting Institute’s Fun with the FAR episode on FAR Part 22, Application of Labor Laws to Government Acquisitions. He is a member of the AICPA, Greater Washington Society of CPAs and is a CPA in Virginia & Pennsylvania. He has a BS in Accounting from Penn State University. Sonya R. Waddell joined the Federal Reserve Bank of Richmond’s Research Department in January 2008. She currently has responsibility for the regional and community development research areas within the department, including setting strategic direction for various data products, surveys and other regional and local analysis. In addition, she directs the incorporation of regional information into FOMC policy preparation for the Richmond Fed. Her work involves analyzing economic trends, writing for a variety of publications and presenting on regional and national economic conditions. Prior to joining the Richmond Fed, she worked as an economist in the Virginia Department of Planning and Budget and at ICF International in Washington, D.C. She received a B.A. from Williams College in 2001 and an M.S. in applied economics from the University of Wisconsin-Madison in 2006. Emily P. Walker , CAE, is the vice president of advocacy for the Virginia Society of CPAs (VSCPA). She oversees and provides strategic direction for VSCPA government relations programs, including VSCPA legislative and regulatory activities, grassroots initiatives and the VSCPA Political Action Committee (VSCPA PAC). She also oversees the peer review and ethics programs. Follow her on Twitter @VSCPAEmWalker.

Duncan Will , CPA/ABV/CFF, CFE, leverages his more than 30 years of experience in accounting including public accounting, forensic accounting, consulting and audit and tax compliance, while working closely with the loss prevention specialists to manage the department's efforts to deliver to policyholders the high-touch, high-quality CAMICO experience. Will's specialty is accounting and auditing-related risk management services. He advises policyholders through the CAMICO Loss Prevention Hotline and speaks to CPA groups on a wide range of topics. Bill Young , CPA, CGMA, is a partner at Mitchell, Wiggins & Company, LLP, where he served as the Firm’s managing partner for 8 years. He has over 45 years of experience serving automotive dealerships, community banks and a variety of closely held primarily family-owned businesses. He also specializes in estate planning and estate administration and is a member of the Estate Planning Council of Richmond, Virginia. He is a member of the American Institute of CPAs (AICPA) and the Virginia Society of CPAs (VSCPA). He currently serves on the Boards of three private foundations and a community organization. Bill is a graduate of the University of Virginia’s McIntire School of Commerce. He has spoken at previous Virginia Accounting & Auditing Conferences, most recently on retirement planning and the Tax Cut and Jobs Act of 2017.

The 49th Annual Virginia Accounting and Auditing Conference is co-sponsored by the Department of Accounting and Information Systems at Virginia Tech and the Virginia Society of Certified Public Accountants. Representing the Society: Representing Virginia Tech: Jim Brackens, CPA, CGMA Lynn Almond, CPA, Chair Carman Faison, CPA Jamie Dunn, CPA Luke Martonik, CPA Dana Garner, CPA, Ph.D. Linda Newsom-McCurdy, CAE, CMP Eric Martin, CPA Joan Renner, CPA Jason Sharp, CPA Laura Seal, CPA Arnita Perfater, Administrative Assistant Next Year’s Conference: The dates for the 2020 50 th Annual Virginia Accounting and Auditing Conference are: September 21 & 22, 2020, The Hotel Roanoke, Roanoke, Virginia September 24 & 25, 2020, Falls Church Marriott, Fairview Park, Falls Church, Virginia November 19 & 20, 2020, The Founders Inn, Virginia Beach, Virginia Suggestions for the Conference: If you would like to suggest a speaker or topic for next year’s A&A Conference, please let us know. You may give the information to Lynn Almond (lalmond@vt.edu), Program Chair, or any staff member at the Conference registration desk.

SUPPORT THE NEXT GENERATION OF CPAS

ABOUT THE VSCPA EDUCATIONAL FOUNDATION

The Virginia Society of CPAs (VSCPA) Educational Foundation is dedicated to supporting future CPAs by promoting accounting education, rewarding academic excellence and encouraging students to pursue promising careers. By making a tax-deductible donation, you help provide scholarships to the brightest students across Virginia. Help us provide even more students with financial support this year, so they can achieve their career goals. Make a tax-deductible donation today at vscpa.com/Foundation and support the next generation of CPAs!

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“This scholarship continues to motivate and encourage me to be persistent along my path to becoming a CPA no matter what challenges I face.” -Shai Sumpter, VSCPA Minority Scholarship

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“As a first-genera- tion college student, I have always been constrained by the availability of financial resources. I am ex- tremely grateful for the opportunity the VSCPA has provided me.” -Allen Au, Thomas M. Berry Jr. Scholarship

“Receiving a scholarship from the Foundation, will help me fulfill the immediate educational requirements of becoming a CPA and will have a lasting impact on my future career plans.” -Elena Dorogy, H. Burton Bates Jr. Scholarship

“As a double major in accounting and finance, this scholar- ship is allowing me to complete my degrees without taking many student loans.” -Avery Trent, VSCPA Undergraduate Scholarship

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