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AICPA Conference on Credit Unions

Las Vegas, NV

Oct 22 - 24, 2018

Conferences

AICPA Conference on Credit Unions

Increase Your Network. Enhance Your Learning.

Thought leaders and industry experts will provide an unparalleled learning experience through interactive presentations, panel discussions, and hands-on training sessions.

The AICPA Conference on Credit Unions – Leading experts deliver the technical and managerial knowledge to keep you ahead of the curve in today’s credit union industry. The conference will provide you with new ideas and practical solutions to help you successfully handle today’s key challenges in your organization. This is the only conference that brings together such a wide array of industry experts and offers in-depth discussions on the latest regulatory, accounting, auditing, technological and practical issues that prevalent today.

Download At-A-Glance Agenda Download Brochure

Who Should Attend

CPAs working with credit union clients on accounting and auditing issues. Credit union professionals, including CFOs, internal auditors, controllers, financial managers, board members and other credit union volunteers.

ATTENDANCE Options

Click View Pricing/Register Now above to choose your options.

Full Main Conference | On-Site
Attend on-site in Las Vegas, NV. Network with peers from around the country. Share insights and perspectives on issues affecting your everyday role. (TBD CPE Credits).
Select Item # CU18

Full Main Conference | Online
Attend online and don’t miss a thing! Skip the travel and attend this conference from your home or office. This option gives you access to the entire main conference sessions. You will have the ability to select your concurrent sessions and build your conference just as if you were on-site. (TBD CPE Credits).
Select Item # CU18ON

8 Pack | Online
This option allows you to choose any eight (8) sessions from the online conference. (CPE Varies).
Select Item # CU18PK8

Optional Pre-Conference Workshops

Click View Pricing/Register Now above to choose your options.

Workshop Title Date Type Time CPE Credits
CECL - Journey on the Road to Implementation October 22 On-site & Online 8:30 - 11:15 AM 3
Hedging & Managing Interest Rate Risk October 22 On-Site 8:30 - 11:15 AM 3

Discounts

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Quantity Discounts Available

Create learning retreats for your team!

Groups of 2-9 can receive significant savings when registering for one conference. Contact AICPA customer service team to learn more: 888.777.7077.

10+ conference registrations each year qualify for significant savings. The benefits don’t stop there! You will receive invoicing before or after the event. For more information or guidance through the registration process, contact your conference group sales representative, Corinne Alford at Corinne.Alford@aicpa-cima.com.

Agenda

MONDAY, October 22
7:30 AM - 5:35 PM

Registration

8:30 AM - 11:15 AM

PRE-CONFERENCE OPTIONAL WORKSHOPS (Select One)

101. CECL - Journey on the Road to Implementation
Field(s) of Study: Accounting
CPE: 3

Track: All

Speaker:

 Rob Johnson, Executive Vice President/Principal, C. Myers Corporation
 Julie Renderos, CPA, CCUE, EVP/CFO, Suncoast Credit Union

The last few years have been spent talking about CECL and showing different models and calculations. Now is the time to think beyond the calculation and focus on the big question not being talked about enough - “What is the impact of CECL on our business model?”

Participants will be better equipped to consider strategic implications, reduce pitfalls, make the most of opportunities, and implement CECL in a meaningful way.

Key Takeaways:

  • How could CECL impact business models and strategic decisions going forward?
  • What roadmap are other credit unions following?
  • What factors should be considered in forecasts and how much forecasting is enough?

102. Hedging & Managing Interest Rate Risk
Field(s) of Study: Finance
CPE: 3

Track: All

Speaker:

 Robert Perry, Principal, ALM & Investment Strategy, ALM First Financial Advisors
 Chris Moore, CPA, Partner, Crowe Horwath LLP

Bankers have been faced with managing interest rate risk for years and there are many tried and true strategies that have been used successfully. In this session the speakers will outline the bankers checklist for managing successful hedging programs. Having complete data, strong cash flow models, robust analytics and a defined accounting methodology are key to success.

Learning Objectives:

  • Defining, managing and understanding complete and sufficient data
  • How cash flow models work and identifying good ones from the rest
  • Trading level analytics and robust modeling for simple to complex assets
  • Exploring new accounting guidelines and how to apply them
11:15 AM - 1:00 PM

Lunch On Your Own

1:00 AM - 1:10 PM

Welcome & Introduction

1:10 PM - 2:00 PM

KEYNOTE

1. The Future of Financial Services
CPE: 1

Track: All

Speaker:

 Jeff Yabuki, President & CEO, Fiserv

The future of financial services from the perspective of changing technology.

2:00 PM - 2:05 PM

Change Break

2:05 PM - 2:10 PM

GENERAL SESSION

2. Accounting/FASB for Credit Unions, Part 1
Field(s) of Study: Accounting
CPE: 1.5

Track: All

Speaker:

 Sydney Garmong, CPA, CGMA, Partner, Crowe Horwath LLP
 Jeff Mechanick, CPA, CGMA, Assistant Director, Financial Accounting Standards Board

FASB has issued several final standards over the past few years, including credit losses, recognition revenue and leases, with effective dates beginning in 2019 for most credit unions. This two-part session will help you understand what standards have been issued applicable to credit unions, what proposed standards are forthcoming and the latest thinking from FASB. We will also cover developments from the FASB’s Credit Losses Transition Resource Group (TRG) and discussions held by the AICPA’s Depository Institutions Expert Panel (DIEP) on the FASB’s Current Expected Credit Loss (CECL) model. Join this comprehensive update of the key pronouncements, projects and other developments at FASB and practice matters of interest to credit unions.

Learning Objectives:

  • Learn about latest developments on accounting and financial reporting for credit unions and their auditors, including FASB’s major standards, standards in process and other developments.
  • Understand the latest CECL implementation issues, including discussions at the FASB’s Transition Resource Group (TRG) and the AICPA Depository Institutions Expert Panel (DIEP).
3:20 PM - 3:50 PM

Networking Break - Refreshments & Vendor Displays

3:50 PM - 4:15 PM

GENERAL SESSION

3. Accounting/FASB for Credit Unions, Part 2
Field(s) of Study: Auditing | CPE: .5

Track: All

Speakers:

 Sydney Garmong, CPA, CGMA, Partner, Crowe Horwath LLP
 Jeff Mechanick, CPA, CGMA, Assistant Director, Financial Accounting Standards Board

The discussion will continue in Part 2 of the Accounting and FASB Update.

Join us to have your questions answered in the second session.

Learning Objectives:

  • Learn about latest developments on accounting and financial reporting for credit unions and their auditors, including FASB’s major standards, standards in process and other developments.
  • Understand the latest CECL implementation issues, including discussions at the FASB’s Transition Resource Group (TRG) and the AICPA Depository Institutions Expert Panel (DIEP)
4:15 PM - 4:20 PM

Change Break

4:20 PM - 5:35 PM

GENERAL SESSION

4. NCUA Regulatory Update
CPE: 1.5

Track: All

Speakers:

 Tim Segerson, Deputy Director-Office of Examination and Insurance, National Credit Union Administration

Learn about the changes occurring at NCUA and what effect these changes may mean for your credit union. Gain insight into the changing regulatory landscape that drives industry performance and business practice. Session objectives include:

Learning Objectives:

  • Gain a working knowledge of the current and proposed regulations affecting the credit union industry
  • Learn about the current and emerging risks driving NCUA’s primary and planned focus from a prudential and risk management perspective
  • Gain insight and understanding of the changing credit union and financial services landscape, which will shape supervisory strategies in the near term and intermediate outlook
TUESDAY, October 23
6:30 AM - 5:30 PM

Registration

6:30 AM - 8:00 AM

Continental Breakfast and Exhibits

7:00 AM - 7:50 AM

SOLUTION SESSIONS

201. TBD
CPE: 1

Description coming soon.

202. TBD
CPE: 1

Description coming soon.

7:55 AM - 8:00 AM

Announcements and Introduction

8:00 AM - 9:15 AM

GENERAL SESSION

5. Economic Update
Field(s) of Study: Economics
CPE: 1

Track: All

Speaker:

 Lindsey Piegza, Jr., Ph.D., Chief Economist, Managing Director, Stifel Nicolaus & Co.

Chief Economist Dr. Lindsey Piegza will look at the pace of our economic recovery and what it means going forward for overall growth, interest rates and monetary policy. She will cover macro-economic trends in consumer behaviors and in the manufacturing sector, in addition to new Federal Reserve policy initiatives and potential economic effects of these changes. She will also examine economic growth in the U.S. as a whole and its effects on interest rates.

Learning Objectives:

  • Macro-economic trends including the health of the consumer, and manufacturing sector
  • Fed policy effects and initiatives
  • U.S. growth and rate outlook
9:15 AM - 9:20 AM

Change Break

9:20 AM - 10:35 AM

GENERAL SESSION

6. Artificial Intelligence
CPE: 1.5

Track: All

Speaker:

 Robin Hoag, CPA, CGMA, CMC, Shareholder, Doeren Mayhew

Description coming soon.

10:35 AM - 11:05 AM

Networking Break - Refreshments & Vendor Displays

11:05 AM - 12:20 PM

CONCURRENT SESSIONS (Select One)

7. Revenue Recognition for Credit Unions
Field(s) of Study: Accounting & Auditing
CPE: 1.5

Track: All

Speaker:

 Leslie Yates, CPA, Senior Manager, Crowe Horwath LLP
 Mark Demos, CPA, Partner, Crowe Horwath LLP

The effective date for FASB’s revenue recognition standard is just around the corner and most credit unions will be adopting at the beginning of 2019. The ASU puts in place a common framework for recognizing revenue, largely replacing the industry-specific revenue recognition guidance in GAAP. While the income statement impacted has not been significant for most financial institutions, the revenue streams still need to be evaluated and documented. In addition to sharing observations on the implementation, this session will cover the new disclosures and internal control considerations.

The learning objectives include understanding how to evaluate revenue under the new standard as well as walking through examples and disclosures that are relevant to the credit union industry.

8. Hot Topics in Regulatory Compliance
Field(s) of Study: Auditing
CPE: 1.5

Track: CFO

Speaker:

 John Zasada, JD, Principal, CliftonLarsonAllen

During this session we will cover several important regulatory compliance requirements currently being focused on by examiners and third party plaintiff attorneys. We will pay particular attention to CDD, HMDA, fair lending, UDAAP, compliance management and other areas which have been the subject of enforcement actions.

Learning Objectives:

  • Learn how the HMDA changes will impact your fair lending program
  • Have a clearer understanding about how the compliance function is impacted by the current presidential administration

9. Anti-Fraud Strategies for Credit Unions
Field(s) of Study: Specialized Knowledge | CPE: 1.5

Track: All

Speaker:

 Janet Carruthers, CPA, CFE, Fraud and Risk Analysis Specialist, National Credit Union Administration

When insider fraud occurs in a credit union, it negatively affects that institution, the credit union industry, and the Share Insurance Fund. This session outlines specific practices that credit union officials and management can use to help deter, detect, and respond to insider fraud.

Learning Objectives:

  • The participant will learn at least two practices that will help deter fraud
  • The participant will be able to identify at least two ways to respond to fraud.
12:20 PM - 1:10 PM

Lunch

1:10 PM - 2:25 PM

CONCURRENT SESSIONS (Select One)

10. Leasing
Field(s) of Study: Accounting | CPE: 1.5

Track: All

Speaker:

 Bret Rutter, CPA, Partner, National Office Accounting & Auditing, Moss Adams LLP

FASB's New Lease Accounting - From a Lessee's Perspective: Session will cover the impact to lessees of the FASB’s new lease accounting standard, ASU 2016-02, Leases (Topic 842), including examples involving leases commonly entered into by credit unions.

Areas of focus will include the following:

  • The purpose and scope of the ASU
  • Lessee accounting models, including classification of leases as operating vs. financing
  • Recognition and measurement considerations
  • Financial statement presentation and disclosures
  • Transition and effective date

At the end of this session, participants will be able to understand:

  • General objective and brief history of the lease accounting project and why it was added to the FASB’s technical agenda
  • Lessee accounting model, including key elements that will affect recognition and measurement of lease arrangements
  • Financial statement presentation and disclosures required of lessees under the new lease acocunting
  • Effective date of the new lease accounting standard and transition matters that may affect their business
  • Steps that should be taken now to prepare for implementation of the new lease accounting standard

11. A Race to the Bottom (Loan Pricing)
Field(s) of Study: Finance | CPE: 1.5

Track: CFO

Speaker:

 Umrai Gill, CFA, Performance Trust

Attendees who are struggling with fierce loan pricing competition will learn a practical way of pricing risk by utilizing lower risk asset alternatives. This “compared to what?” approach to loan pricing will ensure that risks such as credit, liquidity and risk-weighting are adequately considered in the loan pricing process. The application of a total return methodology to understanding loan cash flows will also be explored.

Learning Objectives:

  • Understand factors that impact long-term earnings.
  • Combat the current trends by understanding investable alternatives.
  • Measurable steps to potentially increase earnings and returns.

12. Round 2: "They Asked What?"
Field(s) of Study: Accounting | CPE: 1.5

Track: Audit

Speaker:

 Doug Orth, CPA, Shareholder, Doeren Mayhew

This session will address answers to a wide array of credit union questions regarding unusual and/or infrequent accounting transactions. It will also cover some "best practice" ideas developed for complying with complex or time-consuming accounting tasks.

Learning Objectives:

  • Become familiar with the proper accounting treatment for several unusual/and or infrequent accounting transactions.
  • Learn a few "best practice" ideas for making certain accounting tasks more efficient.
2:25 PM - 2:35 PM

Change Break

2:35 PM - 3:50 PM

CONCURRENT SESSIONS (Select One)

13. Hedging: Observations from Adoption
Field(s) of Study: Accounting, Finance | CPE: 1.5

Track: All

Speaker:

 Robert Perry, Principal, ALM & Investment Strategy, ALM First Financial Advisors
 Chris Moore, CPA, Partner, Crowe Horwath LLP

With years of interest rate risk management history there are many examples of successful and unsuccessful strategy implementation and results. In this session the speakers will review the “lessons learned from the trenches”.

Learning Objectives:

  • Successful hedging and interest rate risk management programs
  • Unsuccessful hedging and interest rate risk management programs
  • 3Putting it all together

14. Increasing Bottom Line by Renegotiating Contracts
Field(s) of Study: Accounting | CPE: 1.5

Track: CFO

Speaker:

 Nina Gardner, JD, Partner, Filice Insurance Agency
 Ryan Rackley, Senior Director, Cornerstone Advisors, Inc

Gain insight into increasing the bottom line in future negotiations. We will dive into the details and answer the following questions.

  • How to drive eye-popping results in an opaque market?
  • What are the best practices to establishing contract negotiation priorities?
  • This is not just a vendor management exercise - how does methodology set an institution up for successful negotiations?
  • How do we separate the heavy hitter contract negotiations from the procurement exercises? Let’s explore the art of delegation.

Learning Objectives:

  • Obtain contract negotiation best practices
  • Identification of how to establish contract negotiation priorities
  • Understand which contracts can be delegated and which should not

15. The Art of Auditing
Field(s) of Study: Auditing | CPE: 1.5

Track: Audit

Speaker:

 Chris Vallez, CPA, PartnerNearman,Maynard, Vallez CPAs
 Bryan Mogensen, CPA, Principal, CliftonLarsonAllen LLP

Auditing is an art. Generally Accepted Auditing Standards (GAAS) sets the standards under which we perform an audit but, complying with those standards can be an art unto itself. Come join us to discuss real life experiences in auditing with two experienced credit union auditors. Discussion points include thoughts on enhancing audit efficiencies while maintaining audit quality and addressing common audit procedures and auditing issues that are more complex. This session is designed to discuss various ways to help practitioners enhance their audit quality, audit efficiencies, and best practices by discussing real life examples from credit union land.

Learning Objectives:

  • Discover ways to enhance audit effectiveness
  • Best practices in credit union auditing
  • See how others audit those pesky audit areas
3:50 PM - 4:20 PM

Networking Break - Refreshments & Vendor Displays

4:20 PM - 5:35 PM

GENERAL SESSION

16. CECL
CPE: 1.5

Track: All

Speaker:

 Julie Renderos, CPA, CCUE, EVP/CFO, Suncoast Credit Union

Description coming soon.

5:35 PM - 6:35 PM

Reception

WEDNESDAY, October 24
6:30 AM - 12:25 PM

Registration and Information Center Open

6:30 AM - 8:00 AM

Continental Breakfast and Exhibits

7:00 AM - 7:50 AM

SOLUTION SESSIONS

202. TBD
CPE: 1

Description coming soon.

23. TBD
CPE: 1

Description coming soon.

7:55 AM - 8:00 AM

Announcements and Introduction

8:00 AM - 9:15 AM

GENERAL SESSION

17. Block Chain
CPE: 1.5

Track: CFO

Speaker:

 John Ainsworth

Description coming soon.

9:15 AM - 9:45 AM

Refreshment Break & Exhibits

9:45 AM - 11:00 AM

GENERAL SESSION

18. Credit Union Commercial Lending – New Freedoms, New Challenges…Now What?
CPE: 1.5

Track: CFO

Speaker:

 Mike Smith, VP/Senior Business Services Officer, CU Business Group

The recent changes in NCUA business lending regulations have opened a world of opportunity for credit unions. At the same time, credit union boards and senior management are now charged with more thorough oversight of the MBL portfolio and operations. This lively session will look at regulatory impacts on governance, policy requirements, internal controls, auditing, portfolio management, and best practices for business loans as well as participations. You’ll walk away with a laundry list of areas that should be addressed to take advantage of and comply with the new NCUA and State Commercial Lending regulations.

Learning Objectives:

  • Learn all about the new NCUA and State Commercial Lending Regulations and how they are being implemented
  • Learn what state and NCUA examiners are expecting of Credit Unions in this new age of Commercial Lending
  • How to use this new regulatory freedom to grow your business lending program and improve your Credit Unions profitability

19. Managing Interest Rate Risk in the Current Environment
CPE: 1.5

Track: All

Speaker:

 Tom Bowers, Managing Director, ZM Financial Systems

The US economy’s regained strength is presenting fresh challenges for proactive balance sheet managers. After years of extremely low interest rates following the “great recession”, the landscape has transformed to one of higher short-term rates, a flatter yield curve and rising competition for funding. This presentation will investigate tools and techniques to quantify the risk exposures that inform ALM decision-making. Particular emphasis will be given to developing appropriate share assumption inputs to support interest rate sensitivity measurement for earnings and NEV. The discussion will also address recent regulatory guidance and the renewed emphasis on including scenarios that consider changes in the slope and shape of the yield curve.

Learning Objectives:

  • Why ALCO needs both earnings and economic value perspectives in IRR measurement
  • Discover the two common errors to modeling non-maturity shares, and steps to take to properly simulate these products
  • Discuss processes that can help move IRR results towards actionable business intelligence

20. Auditing Standards Update
Field(s) of Study: Auditing | CPE: 1.5

Track: Audit

Speaker:

 Steven Morrison, CPA, Principal, MBAF

An up-tempo look at the latest auditing standards and how they will affect auditors and the companies they audit.

Learning Objectives:

  • Understand the latest auditing standards from an auditor's perspective
  • Understand the latest auditing standards from an auditee's perspective
11:10 AM - 11:10 AM

Change Break

11:10 AM - 12:25 AM

GENERAL SESSION

21. Accounting and Financial Considerations for Mortgage Banking Operations
Field(s) of Study: Accounting & Auditing | CPE: 1.5

Track: All

Speaker:

 Dustin Birashk, CPA, Partner, Moss Adams LLP
 Tullus Miller, CPA, National Practice Group Leader, Moss Adams LLP

Many credit unions have, or are contemplating, mortgage banking activities. We will provide an overview of accounting and financial considerations for mortgage banking operations from rate lock to servicing.

Learning Objectives:

  • Understand the accounting implications of mortgage banking operations, including interest rate lock commitments, forward sale commitments, and loans-held-for-sale.
  • Understand accounting for mortgage servicing.

22. NCUA Cybersecurity
CPE: 1.5

Track: All

Speaker:

 Tim Segerson, Deputy Director-Office of Examination and Insurance, National Credit Union Administration

NCUA will provide an update on current issues and threats related to critical infrastructure protection and cyber security in the credit union industry. Tim will update the audience on the inter agency and intergovernmental activities that will affect the supervisory process as we progress into 2019.

Learning Objectives:

  • Awareness of cyber security risks and threats.
  • Knowledge of the importance of a structured cyber security risk management process
  • Understanding of NCUA's cyber security supervisory process

23. Expected Output from an Enterprise Risk Management Process
Field(s) of Study: Management Services | CPE: 1.5

Track: CFO

Speaker:

 Jeff Owen, COO, Rochdale Paragon Group

While enterprise risk management is a buzzword with regulators and risk professionals, absent an effective roadmap and well-defined objectives the process is likely to fail to deliver results that drive true organizational value. Join me as we discuss ways to ensure your ERM program is set to succeed from the very beginning, including how to establish meaningful objectives, engage personnel across the organization and deliver value-added intelligence to all stakeholders.

Learning Objectives:

  • Identify ERM program objectives
  • Learn best practices surrounding ERM processes
  • Acquire knowledge regarding expected outcomes and benefits of an effective ERM program
12:25 PM

Conference Adjourns

Travel & Accommodations

Caesars Palace
3570 S Las Vegas Blvd
Las Vegas, NV 89109

Hotel Phone: (866) 227-5938
Pricing: $199 +$15 resort fee
Cutoff Date: 9/27/18

Book Online
Book by Phone: Reservation Center at 866-227-5944 request a room under the AICPA Conference on Credit Unions 2018 block or reference the group code of SCAIC8.

DRESS CODE
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Online Conference System Requirements

Attending Online is easy! Check the System Requirements below and install Adobe Flash if you haven't already, then visit this demo page once you're ready to check for compatibility.

NOTE: For sessions that are audio-only, you use the same player and have the experience as the above demo page, but there will be a static image in place of the video stream.

  • Adobe Flash plugin (Click on link to install) http://get.adobe.com/flashplayer/
  • Supported Browsers: Internet Explorer 8 or Higher, Firefox, Chrome, Safari
  • Computer with Speakers / Headset
  • High speed internet connection

Cancellation Policy

On-Site Conference: You may cancel without penalty if cancellation request is received up to and including 45 days prior to the start of the conference. Due to financial obligations incurred by the AICPA, a credit less 50% of the registration fee will be issued for requests received up to and including 21 days prior to the start of the conference. No refunds or credits will be issued on cancellation requests received less than 21 days prior to the start of the event.

Online Conference: You may cancel and receive a refund if cancellation request is received up to and including 15 days prior to the start of the conference. You can cancel and receive a 100% credit if your registration is canceled within 7 days of the start of the conference. Due to financial obligations incurred by the AICPA, a 60% credit will be issued for requests received up to the day prior to the start of the conference. No refunds or credits will be issued on cancellation requests received once the online conference begins.

For more information about AICPA's conference cancellation policy, contact the AICPA Service Center at 1-888-777-7077 or service@aicpa.org.

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