Transfer Tax

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There are significant changes for CPAs who audit the financial statements of companies that utilize service organizations. SAS No. 70 has been split into two new standards:

- SSAE no. 16, Reporting on Controls at a Service Organization which governs the reporting on controls
- The requirements for auditing financial statements of companies will be contained in a newly minted SAS: Audit Considerations Relating to an Entity Using a Service Organization

The replacement of SAS No. 70 will impact many accounting, finance, and other related professionals. The Knowledge Group is producing a 2-hour LIVE webcast to review the fundamentals and provide updates for SAS 70 transformation. A panel of speaker experts will examine the most significant issues regarding the transition to the new regulations.

Click the “Register” button below to sign up for this webcast today. Advanced registration is recommended as space is limited. Significant discounts apply for early registration.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 104045
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Out With SAS 70 - In With SSAE 16: Are You Ready? LIVE Webcast:


Proposed Agenda

Background
       — Standard history, background, re-codification explanation, etc.
       — Effective date
       — Early adoption, including expectations on this topic

What’s New?
       — Auditing vs. attestation standards
       — Changes to opinion letter
       — Management's Assertion - What's expected; Common types of activities; What's OK vs. Not OK
       — Risks that threaten the achievement of the control objectives; What this means; What needs to be done
       — Written representations
       — Suitability of criteria
       — Use and requirements for subservice organizations
       — Carve-out vs. inclusive method
       — Materiality
       — Use of work by internal audit function
       — Aligning with international standards

What’s staying the same?

ISAE 3402 & International Equivalent Standards
       — ISAE 3402 and SSAE 16 as well as other international standards being developed
       — Dual reports / combined reports

Alternative Reporting Methods
       — Reporting on Non-ICFR aspects
       — AT 101 framework
       — AT 101, 201, 601, SysTrust & WebTrust (High Level)

Transition
       — Transition planning (i.e., the major steps that need to be considered now for any company that has to transition from a SAS 70 audit to an SSAE 16 assessment)

Closing Summary



SAS 70 Solutions, Inc.
Christopher L. Schellman
President & Shareholder
speaker bio »»


Moss Adams LLP
Christopher W. Kradjan
Partner, SAS 70 National Practice Leader
speaker bio »»


Deloitte & Touche LLP
Suzanne Nersessian
Director - National SAS 70
speaker bio »»


AICPA
Judith M. Sherinsky, CPA
Technical Manager, Audit and Attest Standards
speaker bio »»


Who Should Attend?

- Investors
- Audit Committee
- CFOs
- Controllers
- Compliance Officers
- Operations

Why Attend?

This is a must attend event for anyone interested in learning about the recent changes to SAS 70.
- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    



Out With SAS 70 - In With SSAE 16: Are You Ready?
LIVE Webcast
Speaker Firms:


Deloitte & Touche LLP



AICPA





Event Sponsor:



SAS 70 Solutions, Inc. is a leading provider of assurance and compliance services. Our company delivers SAS 70 audit, PCI validation, and security assessment services to hundreds of clients in locations throughout the world. By using experienced professionals with certified expertise along with integrated service delivery methods, SAS 70 Solutions provides clients with the ability meet multiple compliance objectives through a single service provider.



 

The Knowledge Group, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org


 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

To Claim Your CLE Credits:

The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml



 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.