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Lake Superior State University  

Student Chapter of the IMA presents

Superior Accounting Conference


Friday, May 3, 2013
8 Hours of CPE

Featuring Keynote Speaker
Stephen Pedneault, CPA, CFE, CFF, FCPA of Forensic Accounting Services, LLC

Stephen Pedneault is the principal of Forensic Accounting Services, LLC, located in Glastonbury, Connecticut specializing only in forensic accounting, fraud and litigation support matters. His technical expertise and intuitive investigative awareness have garnered him the respect of the legal, accounting and law enforcement communities. As a result, Steve is called upon as a litigation expert on an ongoing basis and is considered a highly regarded member of legal teams.Working in public accounting for over twenty years, Steve is a Certified Public Accountant (CPA), a Certified Fraud Examiner (CFE), Certified in Financial Forensics (CFF) and a Forensic Certified Public Accountant (FCPA).

 

Conference Schedule

7:30 a.m.–  8:30 a.m.                         Registration and Continental Breakfast

8:30 a.m. – 12:00 p.m.           Ethics: Dilemmas and Consequences In Decision Making”        
  Presented by: Stephen Pedneault, CPA, CFE, CFF, FCPA
What are ethics?  How are ethics defined, learned, taught, reinforced, and maintained?  What role do ethics play in decision-making? What about “situational ethics” – are these realistic or mere rationalization?  Why are licensed CPAs in many states, and Certified Fraud Examiners (CFEs), now required to attend regular ethics training, as well as document their compliance?
Drawing upon the speaker’s real-life experiences and using actual case examples, the session will start with a brief definition and discussion on ethics in general, and will continue with three discussion areas as follows:
Decisions in Daily Life
Decisions Within Accounting and Finance
Decisions Made By Accounting Professionals

12:00 p.m. – 1:30 p.m.           Lunch and showcase of the School of Business Renovations Plans at LSSU

Lake Superior State University is in the process of renovating the old “South Hall” building on campus to house the new state of the art “School of Business”. Dr. Tony McLain, President of LSSU, and Dr. David Finley, Dean of Business and Engineering, will show you the plans for the new facility and discuss how this facility will benefit not only our students, but also our community and area businesses.

1:30 p.m. – 3:00 p.m.             Concurrent Sessions – Choose One

Session A:       “Demystifying the World of Forensic Accounting”
Presented by:              Stephen Pedneault, CPA, CFE, CFF, FCPA
What is forensic accounting?  Where can forensic accounting prove beneficial, and what services can be provided?  How can forensic accounting expand service offerings and increase revenue potential?

While some legal contexts demand involvement of accounting professionals with specialized training and experience within forensic accounting, such as providing expert witness services, many other contexts exist where accounting professionals, drawing upon their traditional accounting and tax experience, can apply “forensic” techniques within matters, becoming an invaluable resource in resolving client matters. This session will review the field of forensic accounting, services that can be provided, and areas within different contexts and venues to provide those services.

Session B:       "Investing In Productive Assets Is a Positive Sum Game, But Your Clients Can Still Lose"
Presented by:              Professor Gerald Root, CFA
The presentation will help attendees help clients set realistic goals and develop plans to achieve them.  Topics will include:

  • Risk and return applied to different asset classes and the interaction between them
  • Optimal Asset allocation consistent with risk tolerance and age
  • Social Security—consider delaying taking it until age 70
  • Avoiding frequently made errors

3:00 p.m.– 3:15 p.m.              Afternoon break

3:15 p.m.  – 4:45 p.m.                        Concurrent Sessions – Choose One

Session A:       “Employee Fraud Alert: Current Trends and Threats”
Presented by:              Stephen Pedneault, CPA, CFE, CFF, FCPA

The instances of employee theft and embezzlement are on the rise, and the loss amounts have become staggering. Whether the result of the current economic climate or a sad reflection of declining social values, it is no longer a matter of “if” but rather “when” it happens? Given the state of most budgets, a theft of any amount can have a major negative impact on the victim organization. 
Based on the speaker’s first-hand knowledge and experience investigating well over 100 cases of embezzlement over twenty-four years, this session will identify recent trends occurring with employee embezzlement, as well as highlight traditional and evolving methods and schemes used by employees to divert funds and conceal their actions. Changes in technology and processing, including paperless “Going Green” and cloud computing, will play roles in future schemes. Attendees will learn the three-tiered approach to minimizing the risk for embezzlement.
                       
Session B:       “What’s Hot in Accounting, Auditing and Taxation”
Presented by:              Stephen M. Peacock, CPA and Kerry J. Nelson, CPA

Come join Kerry Nelson, CPA and Steve Peacock, CPA from Rehmann as they update you on the current environment in accounting pronouncements, techniques and best practices.  We will also present information on current auditing standards and will discuss those pronouncements on the horizon which will effect business and accountants in public practice.  The presentation will also discuss new tax regulations as well as proposed regulations and the impact these will have on your business or practice.

4:45 p.m. – 5:00 p.m.             Closing session – Sign out

 

Comments
When
Fri, May 03, 2013, 07:30 AM Start
Fri, May 03, 2013, 05:30 PM End
Where
Lake Superior State University
Walker Cisler Center
650 W Easterday Avenue
Sault Ste Marie, USA
  • Hosted by Jodi L. Hunter, CMA, CFM
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  • When: 03 May 2013, 07:30 AM to 03 May 2013, 05:30 PM. Where: Lake Superior State University, Sault Ste Marie.