Select a Webcast

July 24, 2018
12:00PM - 3:00PM ET



Course Description

This course provides participants with an overview of recent developments in the areas of corporate reporting, risk management, controls, and compliance. Coverage will be updated throughout the year to reflect emerging trends and issues. Other topics covered include issues faced by public and private companies and the CPAs who provide a range of services to them.


Ray Thompson, CBA, CFM, CMA

Dr. Ray Thompson, CBA, CFM, CMA, is an emeritus associate professor of accounting and finance at the University of Pittsburgh. He served as department head at the University of Pittsburgh at Johnstown (UPJ) campus for over 25 years. He was the associate director of UPJ’s Entrepreneurial Development Assistance Project, where he was involved in financial consulting and assisting in preparing loan proposals for small business start-ups. He has taught in graduate and undergraduate business programs in Europe, Africa, and the United States.

Ray received his BS and MS degrees in economics and systems dynamics from the University of Bradford in the United Kingdom, his MBA in accounting from Xavier University in Ohio, and his PhD in business administration from Nova University. Ray is also certified in financial management and is a certified management accountant (CMA), a certified business appraiser (CBA), and holds the accredited valuation analyst credential from the National Association of Certified Valuators and Analysts (NACVA). He recently became certified in IFRS though the Institute of Chartered Accountants in England and Wales.

Ray teaches at Western CPE conferences and produces both self-study and webcast courses as well. He also authors and conducts professional development seminars for Fortune 500 and international corporations, multinational financial institutions, state CPA societies, and CPA firms throughout the United States. In addition, Ray provides business valuation services and consults with accounting firms and sole practitioners on a range of accounting issues in the area of valuation. He’s a faculty associate member of the AICPA and the Pennsylvania Institute of Certified Public Accountants (PICPA) and a member of the Financial Reporting Faculty of ICAEW.

Course Specifics

May 19, 2017

Compliance Information

Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify how increased financial market volatility and regulatory risk will challenge CFOs
  • Understand how the risk & control (COSO) framework is reshaping financial reporting
  • List PCAOB's concerns with the current state of financial reporting
  • Identify current accounting standards for reporting and disclosing data breaches and vulnerabilities
  • Understand AICPA's new services to address cyber vulnerabilities
  • Describe the role of SOC reports in safeguarding the outsourcing process
  • Explain how the revised COSO framework affects internal control assessment and documentation
  • Identify how regulators and accounting standard setters are reinterpreting credit risk

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