In-Person and Virtual Options Available! - August 24-25, 2021 16 CPE Hours for only $355* - Illinois CPA Society
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In-Person and Virtual Options Available!
Virtual option includes all keynote and track sessions!
August 24-25, 2021
Donald E. Stephens Convention Center
Rosemont, Illinois
Register today at 16 CPE Hours for only $355*
www.icpas.org/summit *members
The only constant in today’s world is change.
To stay relevant, CPAs need to rethink their formula for success. SUMMIT21 gives
you the insights and information you need to succeed today and in the future.
Expert Keynote Presentations:
Thomas B. Murtagh, CPA, MBA, JD, LLM
Chairperson, Illinois CPA Society, and Partner,
BKD CPAs & Advisors
The State of the CPA
Profession – Today
and Tomorrow
Todd Shapiro
President and CEO, Illinois CPA Society
Transcending Technology: Donny C. Shimamoto, CPA.CITP, CGMA
Ensuring Relevance in an Founder and Managing Director,
IntrapriseTechKnowlogies LLC
Automated World
Derek Sasveld, CFA
Eyeing Our Economy Senior Investment Strategist, BMO Global
Asset Management
When Was the Last Time You Nykia Wright, MBA
Told a Really Good Story? CEO, Chicago Sun-Times
1 | Illinois CPA Society
Innovative Learning Tracks: What others have said
about the SUMMIT:
Personalize your learning by choosing “This is my favorite CPE program as it has
from five tracks: a variety of topics and the presenters
Accounting and Auditing are so good.”
Corporate Strategy/Human Capital “I greatly appreciated the selection of
Ethics/Personal Development topics because of their relevance to the
Tax current business environment.”
Technology Solutions/Advisory Services
“All in all, it was a great program. Going
virtual made it possible to attend more
sessions and learn a lot more.”
16 Hours of CPE: “Overall, an excellent two-day program that
was very well presented and orchestrated
Earn up to 16 hours of CPE including: in this current COVID environment.”
4 Ethics | 1 Sexual Harassment Prevention Training
7.5 CLE | 11.5 CFP | 9 EA | 1 Yellow Book “All the presenters were knowledgeable
and did a great job!”
Exhibitor Experiences:
See the latest products and services PLEASE NOTE:
Some of the SUMMIT21 speakers
from exhibitors such as: will be presenting remotely for both
ABGI Intuit the in-person and virtual venues.
(In-person and Virtual) (Virtual Only)
Remote speakers are noted in the
Canopy Tax Robert Half brochure with the following symbol:
(In-person and Virtual) (In-person and Virtual)
DOC.IT Safe Send
(In-person and Virtual) (Virtual Only)
For the latest speaker updates, visit
Funkhouser Vegosen Sana Benefits www.icpas.org/summit
(In-person and Virtual)
Liebman & Dunn Ltd
(Virtual Only)
ICPAS SUMMIT21 | 2
DAY ONE AT-A-GLANCE
Tuesday, August 24, 2021
8.24.21 8:00AM - 9:15AM 9:15AM 10:00AM - 10:50AM 11:00AM - 11:50AM 11:50AM 12:50PM - 1:40PM 1:50PM - 2:40PM 2:40PM 3:30PM - 4:20PM 4:30PM - 5:45PM
10:00AM 12:50PM 3:30PM
3 | Illinois CPA Society
TRACKS KEYNOTE BREAK SESSIONS SESSIONS BREAK SESSIONS SESSIONS BREAK SESSIONS KEYNOTE
Best Practices for
Defending an IRS Exam: Tangible Property Illinois and Beyond!
Individual Tax Update Business Tax Update
Practice Tips Repair Regulations Multi-State Tax Update
Tax Code: 101 Code: 106
Code: 111 Code: 116 Code: 121
CLE: .75 CFP: 1 EA: 1 CLE: .75 CFP: 1 EA: 1
CLE: .75 CFP: 1 EA: 1 CLE: .75 CFP: 1 EA: 1 CLE: .75 CFP: 1
Fair Value Accounting:
Single Audit Update
Accounting & Attestation Engagements Auditing Remotely FASB Update Impact on Financial
Code: 117
Auditing Code: 102 Code: 107 Code: 112 Statements
Yellow Book: 1
Code: 122
The State of the CPA Transcending
Profession – Today Technology: Ensuring
and Tomorrow How the ABCD of the Relevance in an
Ethics/Personal How Great Leaders Find Ethical Leadership: How to Be a
Digital Age Impacts Do You Have Automated World
Development Thomas B. Murtagh Certainty in Uncertainty Principles and Practices Networking Ninja in a
Corporate Ethics Executive Presence?
Todd Shapiro Code: 103 Code: 108 Virtual Environment Donny Shimamoto
Code: 118 Code: 123
Ethics: 1 CLE: .75 Code: 113
Code: 100 Ethics: 1 CLE: .75 Code: 126
Corporate Data Readiness
Strategy/ How to Hire, Train, and Budgeting and Forecasting Balanced Scorecard Ten Tips for Small Business
Assessment Model:
Human Capital Retain Top Talent in Uncertain Times and KPIs Employment Compliance
Is Your Organization Ready?
Code: 104 Code: 109 CFP: 1 Code: 114 Code: 124
Code: 119
Navigating the Next
Technology Establishing and Sell Your Brain, Not Your AI and Machine Learning:
How to Manage and Run 12 Months: Creating
Maintaining Fiduciary Time: Subscription Pricing The Impact on Accounting
Solutions/Advisory a Virtual Tax Season a Foundation for
Relationships for Professionals and Finance
Services Code: 115 Enduring Success
Code: 105 Code: 110 Code: 125
Code: 120
DAY TWO AT-A-GLANCE
Wednesday, August 25, 2021
8.25.21 8:00AM - 9:15AM 9:15AM 10:00AM - 10:50AM 11:00AM - 11:50AM 11:50AM 12:50PM - 1:40PM 1:50PM - 2:40PM 2:40PM 3:30PM - 4:20PM 4:30PM - 5:45PM
10:00AM 12:50PM 3:30PM
TRACKS KEYNOTE BREAK SESSIONS SESSIONS BREAK SESSIONS SESSIONS BREAK SESSIONS KEYNOTE
Nuts and Bolts of Transfer Pricing Research and Development A Year in Tax for
Flow-Through Hot Topics
Cryptocurrency Taxation After Tax Reform Tax Credit Fundamentals Exempt Organizations
Tax Code: 211
Code: 201 Code: 206 Code: 216 Code: 221
CLE: .75 CFP: 1 EA: 1
CLE: .75 CFP: 1 EA: 1 CLE: .75 CFP: 1 EA: 1 CLE: .75 CFP: 1 EA: 1 CLE: .75 CFP: 1 EA: 1
Audit Documentation:
Get Ready for the Evaluating Going
Accounting & 2021 Auditing Update Digital Asset Accounting Quality and the
Lease Standard Concern Issues
Auditing Code: 202 Code: 212 Questioning Mind
Code: 207 Code: 222
Code: 217
Eyeing Our Managing the Risks and Preventing and When Was the Last
Mission Critical Bye-Bye Bias:
Ethics/Personal Economy Ethical Responsibilities of Investigating Sexual and Time You Told a
Not-for-Profit Leadership: How Smart The Ethics of Creating a
Development Derek Sasveld Benefit Plan Fraud in a Other Harassment in a Really Good Story?
Corporate Governance Managers Lead Well Bias-Free Workplace
COVID-19 Environment #MeToo World Nykia Wright
Code: 200 Code: 203 CLE: .75 in All Directions Code: 218
Code: 213 Code: 223
CFP: 1.5 Code: 208 Ethics: 1 CLE: .75 Code: 226
Ethics: 1 CLE: .75 CLE: .75 SHPT: 1*
Corporate One Simple Question Helping You Be a Better
Strategy/ Advanced Strategies for Gender Parity in Driving Business
to Spark Innovation Manager: The Importance
Human Capital Health Savings Accounts the Time of COVID Process Improvements
and Growth of Documentation
Code: 209 Code: 214 Code: 224
Code: 204 Code: 219
Technology Next-Gen Transitioning: Harnessing Technology
Technology Solutions for RPA Implementation Be More Valuable
Building a Sustainable and Remaining Relevant
Solutions/Advisory the Modern Workplace Best Practices to Your Clients
and Transferable Firm in the Digital Age
Services Code: 205 Code: 210 Code: 215
Code: 220 Code: 225
ICPAS SUMMIT21 | 4
*Sexual Harassment Prevention Training
Optional Pre-SUMMIT21
Workshops
Monday
The pre-conference workshops will only be offered virtually.
8.23.21 No in-person option is available.
Please note: The workshops are optional and require a separate registration.
1:00 PM - 4:30 PM | CONCURRENT WORKSHOP I
Basic Trusts: Taxation of Trusts and Preparing Form 1041
Roll up your sleeves and participate in a hands-on preparation of Form 1041. Hear why trusts and estates
are created and understand the latest legal developments and tax return filing requirements.
Plus, identify potential planning and consulting opportunities.
Lee Arbus, CPA, JD, LLM | Partner, Levun, Goodman & Cohen, LLP
Jonathan Beer, JD, LLM | Attorney, Levun, Goodman & Cohen, LLP
1:00 PM - 4:30 PM | CONCURRENT WORKSHOP II
Practice Challenges in a COVID-19 World
Discuss how the pandemic has changed the way firms operate and how CPAs represent clients in front of
the IRS. Hear best practices for work-from-home policies and procedures, technology utilization, data
security and more. Plus, receive insights on how to utilize the Taxpayer Advocate Service to help
resolve taxpayer problems.
Mark S. Heroux, JD | Partner, Baker Tilly Virchow Krause LLP
Phillip Levsky, CPA | Senior Manager - Tax, FGMK, LLC
Luis Plascencia, CPA, MST | Principal, Luis V Plascencia CPA
Andrew J. VanSingel, Esq. | Local Taxpayer Advocate, Taxpayer Advocate Service
Jennifer Williams, CPA | Principal/Owner, Pillar Financial Services
= Remote Speaker
5 | Illinois CPA SocietyConcurrent Educational
Sessions 8.24.21
Tuesday
8.24.21
KEYNOTE
8:00 AM - 9:15 AM
The State of the CPA Profession – Today and Tomorrow
Hear about the many issues impacting the CPA profession today, including changes in the CPA exam,
declining number of new CPAs, and challenges with diversity and inclusion. We’ll also discuss how we
ensure our relevance moving forward as technology continues to impact our core services, highlighting
the need for CPAs to become strategic business advisors.
Thomas B. Murtagh, CPA, MBA, JD, LLM
Chairperson, Illinois CPA Society, Partner, BKD CPAs & Advisors
Todd Shapiro
President and CEO, Illinois CPA Society
10:00 AM - 10:50 AM 10:00 AM - 10:50 AM 10:00 AM - 10:50 AM
Individual Tax Update Attestation How Great Leaders
Learn about the relief provisions Engagements Find Certainty in
included in the 2021 Consolidated
Receive an overview on the various Uncertainty
Appropriations Act and the
types of attestation engagements.
American Rescue Plan Act. The recent pandemic has led to
Evaluate the impact of SSAE 19,
Review potential income and uncertainty in all areas of life.
SSAE 21, and SSAE 22 on the
estate tax changes on the horizon Discover tactics to navigate the
attestation standards and identify
and discuss various planning future and overcome the biggest
the adoption effective dates
ideas and opportunities. and most common barriers to
for each.
successfully move forward.
Damien Martin, CPA Uncover how to shift the mindset
Jennifer Allen, CPA
Partner, BKD CPAs & Advisors of others to help them find
Partner, Crowe LLP
certainty in uncertainty.
Bill Wooditch
CEO, The Wooditch Group
= Remote Speaker
ICPAS SUMMIT21 | 6Concurrent Educational
Sessions
8.24.21
10:00 AM - 10:50 AM 11:00 AM - 11:50 AM 11:00 AM - 11:50 AM
How to Hire, Train, Business Tax Update Ethical Leadership:
and Retain Top Talent The impact and response to the Principles and
Discover strategies to hire smart
COVID-19 pandemic continues Practices
to dominate tax compliance and
and attract top talent. Discuss planning conversations for
ways to orient and mentor new Learn to bring out the best in
businesses. Unpack the relief others by focusing on positive
employees that are reflective of provisions of recent legislative intent and impact. Explore the
generational differences. Plus, packages and discuss possible tax
develop employee retention plans guiding principles that allow
changes that could be on the way. leaders to lead with a moral
that meet both individuals’ needs
compass. Discuss seven ethical
and the company’s expectations. Damien Martin, CPA responsibilities and hear how to
Partner, BKD CPAs & Advisors apply three keys to building trust.
Michael A. Gregory, MS, MBA
Founder, Michael Gregory
Michael A. Gregory, MS, MBA
Consulting, LLC
Founder, Michael Gregory
11:00 AM - 11:50 AM Consulting, LLC
10:00 AM - 10:50 AM Auditing Remotely
Learn how to strategically plan and 11:00 AM - 11:50 AM
Establishing and perform remote audits to transform
Maintaining Fiduciary your practice and avoid reverting to Budgeting and
old habits. Plus, discover best
Relationships practices for engaging staff when Forecasting in
Learn about the different types working remotely. Uncertain Times
of fiduciary relationships and Elizabeth Sloan, CPA, MAS Discuss implementation-ready and
analyze criteria for selecting Managing Director, Grant theoretical approaches for
trustees. Review ethical Thornton LLP improving the budgeting and
parameters and risks, as well as
forecasting process. Identify key
discuss potential remedies for
business drivers for more agile
breaches of fiduciary duty.
decision-making while learning how
Michael N. Ripani, CPA, JD, CFE to implement simple, yet powerful,
Senior Counsel, Handler modeling and scenario techniques
Thayer, LLP to remove guesswork, increase
confidence, and mitigate risk.
Carl Seidman,
CPA/CFF, CIRA, CFE, AM
Principal, Seidman Financial
= Remote Speaker
7 | Illinois CPA SocietyConcurrent Educational
Sessions 8.24.21
11:00 AM - 11:50 AM 12:50 PM - 1:40 PM 12:50 PM - 1:40 PM
Sell Your Brain, FASB Update Balanced Scorecard
Not Your Time: Get up-to-speed on current and KPIs
Subscription Pricing projects and discuss the
Learn about strategic mapping
potential impact of recently issued
for Professionals accounting standards. Understand and why a driver-based, balanced
scorecard approach is among the
how specific developments may
Explore nine types of subscription most effective approaches to
affect financial reporting
business models and identify requirements. organizational planning. Discover
strategies to make the transition how to establish KPIs and
at your organization. Learn how Ryan Brady, CPA incorporate them into planning
to develop new metrics and Partner, Grant Thornton LLP for encouraging buy-in, tracking
accounting information to progress, and inspiring greater
represent the economics of accountability.
a subscription business.
12:50 PM - 1:40 PM Carl Seidman,
Ed Kless CPA/CFF, CIRA, CFE, AM
Senior Director, Sage How to Be a Principal, Seidman Financial
Networking Ninja in
12:50 PM - 1:40 PM
a Virtual Environment 12:50 PM - 1:40 PM
Make the most of your virtual How to Manage
Best Practices for rectangle and learn to shine
Defending an IRS through your computer with the and Run a Virtual
right body language. Receive tips
Exam: Practice Tips for improving your virtual presence
Tax Season
and creating connections that can Receive a blueprint to build an
From the notice of examination also bring big dividends in office
to the closing letter, walk through efficient and profitable virtual firm
meetings too. in time for the next tax season,
every step of an IRS examination
process and discuss the steps to Alison Henderson, including key technology and
take to best position your clients MFA, GL-CMA, MPACC workflow considerations. Learn
for success. Learn how to properly CEO, Moving Image how to transition your current
respond to information document Consulting LLC clients to a virtual way of working
requests, whether to produce your and discover tips to manage and
client for an interview, how to motivate your own remote team.
watch for potential criminal Joshua Lance, CPA, CGMA
exposure, and what to do if Managing Director, Lance
you find it. CPA Group
Guinevere Moore, JD
Managing Member, Moore Tax
Law Group LLC
= Remote Speaker
ICPAS SUMMIT21 | 8Concurrent Educational
Sessions
8.24.21
1:50 PM - 2:40 PM 1:50 PM - 2:40 PM 1:50 PM - 2:40 PM
Tangible Property How the ABCD of the Navigating the Next
Repair Regulations Digital Age Impacts 12 Months: Creating
Discuss the compliance Corporate Ethics a Foundation for
requirements of a 1031 Exchange.
Automation (including artificial Enduring Success
Identify potential tax planning
intelligence), blockchain,
strategies on both a retroactive Discover new AI-driven tools readily
cybersecurity, and data
and prospective basis and gain available today to help you improve
an in-depth understanding of governance (ABCD) are driving
the efficiency and effectiveness of
digital transformation. What are
Unit of Property rules. your practice. Gain insights into
the ethical implications to us and
how you can drive value by
Lester Cook, CCSP the organizations we serve?
modernizing client workflows,
Principal, KBKG Learn how to ensure that ethical
automating rudimentary tasks,
considerations are incorporated
and delivering data-driven insights.
into your organization’s governance
and internal controls over digitized Jasen Stine
1:50 PM - 2:40 PM processes and data analytics. Tax and Accountant Education
Leader, Intuit
Single Audit Update Donny C. Shimamoto
CPA.CITP, CGMA
Address the key changes and Founder and Managing Director,
challenges when preparing a IntrapriseTechKnowlogies LLC 3:30 PM - 4:20 PM
Single Audit. Review the new
compliance supplement, Illinois and Beyond!
understand how to prepare
the schedule of expenditures 1:50 PM - 2:40 PM Multi-State Tax
of federal awards, and walk
away with planning tips to Data Readiness Update
avoid surprises.
Assessment Model: Discover best practices for
navigating state sales tax issues
Jennifer Culotta, CPA
Partner, Plante Moran
Is Your Organization including nexus, tax immunity
Ready? protection, and marketplace
Melissa Sutherland, CPA facilitator laws. Understand when
Assurance Manager, Plante Moran Uncover how to incorporate a a state has the power to tax a
data readiness assessment as the company without violating federal
foundation for an effective data law and how to source income
strategy. Leave with a better related to COVID and work-from-
understanding of how to implement home scenarios. Plus, review
and operate a data readiness guidelines for taxing owners of
framework model to better manage pass-through entities.
data within your organization. Carol Portman, JD
Rebecca S. Busch, RN, MBA, President, Taxpayer’s Federation
CCM, CFE, CPC, CHPA-IV, of Illinois
CRMA, CICA, FIALCP, FHFMA Eric Fader, CPA, JD
President and CEO, Medical Managing Director, BDO USA, LLP
Business Associates
= Remote Speaker
9 | Illinois CPA SocietyConcurrent Educational
Sessions 8.24.21
3:30 PM - 4:20 PM 3:30 PM - 4:20 PM 3:30 PM - 4:20 PM
Fair Value Accounting: Ten Tips for AI and Machine
Impact on Financial Small Business Learning: The Impact
Statements Employment on Accounting and
Explore how fair value concepts Compliance Finance
have transformed GAAP
Review key legal compliance Explore how AI and machine
requirements. Learn the key
issues impacting small employers learning are impacting people,
assets and liabilities that are
and receive practical tips for process, and performance
recorded at fair value and
reducing risks, claims, audits, strategies, and assess your team
recognize common pitfalls to
and costs. Learn about worker and organization’s readiness to
avoid when preparing GAAP
misclassification, discrimination utilize these new technologies.
compliant financial statements.
and harassment, social media
restrictions, work-from-home Chris Ortega, MBA
Kara Fahrenbach, CPA
rules, and more. Director of Finance, Emarsys
Senior Manager, Plante Moran
North America, Inc.
David J. Kristick, MSA Lori Goldstein, JD
Partner, Industry Technical Leader, Employment Attorney, Law Office
Plante Moran of Lori A. Goldstein LLC
KEYNOTE
4:30 PM - 5:45 PM
3:30 PM - 4:20 PM
Do You Have Transcending Technology: Ensuring
Executive Presence? Relevance in an Automated World
As more accounting functions become automated, how do CPAs
Discuss the skills necessary to
ensure they are not replaced by robots and artificial intelligence?
build a strong executive presence.
Discuss the evolution of accounting information ecosystems due to
Define your specific attributes and
emerging technology trends like automation, blockchain, cybersecurity,
learn how to use them to increase
and data governance and learn how to transcend these technologies
your effectiveness as a leader.
and ensure your relevance in the digital age.
Brett Taylor
Donny C. Shimamoto, CPA.CITP, CGMA
Chief Member Engagement
Founder and Managing Director, IntrapriseTechKnowlogies LLC
Officer, The Executive’s Club
of Chicago
= Remote Speaker
ICPAS SUMMIT21 | 10Concurrent Educational
Sessions
8.25.21
Wednesday
8.25.21
10:00 AM - 10:50 AM
KEYNOTE
8:00 AM - 9:15 AM
Nuts and Bolts of
Eyeing Our Economy Cryptocurrency
As the economy overcomes COVID-19, and ongoing stimulus efforts Taxation
keep the most negative outcomes in check, the outlook for growth
is good in 2021 and 2022. But at what costs? Evaluate the impact Understand the tax implications
of fiscal stimulus, including rising inflation and a weaker dollar, of investing in cryptocurrency,
and how pent-up consumer demand and continued central bank running a mining operation, and
accommodations could potentially accelerate an economic using it as a payment method.
recovery before tightened fiscal policies come into play. Learn about challenges in dealing
with cryptocurrency clients and
Derek Sasveld, CFA discover tax planning
Senior Investment Strategist, BMO Global Asset Management opportunities.
Shehan Chandrasekera, CPA
Head of Tax Strategy, CoinTracker
= Remote Speaker
11 | Illinois CPA SocietyConcurrent Educational
Sessions 8.25.21
10:00 AM - 10:50 AM 10:00 AM - 10:50 AM 11:00 AM - 11:50 AM
2021 Auditing Update One Simple Question Transfer Pricing
The Auditing Standards Board to Spark Innovation After Tax Reform
released a new suite of standards and Growth Hear practical insights on U.S.
resulting in the most comprehensive
changes in over a decade. Hear and international transfer pricing
Learn to shift the threat of rules. Learn how to reduce
how SAS 134 to SAS 140 are emerging technologies such as
transfer pricing risks through
interrelated and affect private AI into opportunities by becoming
company and not-for-profit audits. documentation and benchmarking
more entrepreneurial and studies. Plus, discover new tax
Break down changes impacting innovative than ever before. and cash savings opportunities
employee benefit plan audits and Understand how one simple in a COVID-19 environment.
other annual report information. question can help spark innovation
Plus, understand the components and growth resulting in enhanced Alex Martin, MPP
of the new auditor report. value to both your organization and Principal, KBKG
your clients or customers.
Leah Donti, CPA, CMA, MBA
Founder and President, Advantage Jon Lokhorst, CPA, ACC
Montreal Seminars Inc. Executive Leadership Coach, 11:00 AM - 11:50 AM
Lokhorst Consulting LLC
Get Ready for the
10:00 AM - 10:50 AM Lease Standard
10:00 AM - 10:50 AM
Not-for-Profit The new lease standard for private
Corporate Technology Solutions companies and not-for-profits goes
live in 2022. Discuss common
Governance for the Modern practice issues companies are
Workplace facing. Hear about lessons learned
Explore new not-for-profit from public company adoption and
corporate governance models Learn how organizations of all receive best practice tips for
and discuss how to keep them sizes can transform into a implementation.
compliant with existing laws on productive, organized, and
fiduciary responsibilities and collaborative remote workforce that Leah Donti, CPA, CMA, MBA
board oversight. Hear about operates in a purely cloud or hybrid Founder and President, Advantage
common challenges organizations environment. Receive a demo of Montreal Seminars Inc.
have faced and receive tips to the Microsoft 365 Modern
address them. Workplace stack including
OneDrive, SharePoint, Microsoft
Paula Goedert, JD Teams, Power BI, and Cloud
Partner, Barnes & Thornburg LLP Security.
Matt Diliberto
Manager, Modern Workplace,
BDO USA, LLP
= Remote Speaker
ICPAS SUMMIT21 | 12Concurrent Educational
Sessions
8.25.21
11:00 AM - 11:50 AM 11:00 AM - 11:50 AM 12:50 PM - 1:40 PM
Mission Critical RPA: Implementation Digital Asset
Leadership: How Best Practices Accounting
Smart Managers Lead Review the basics of Robotic Review current reporting practices
Well in All Directions Process Automation (RPA) and for digital assets and hear best
discover how to introduce this practices for signing devices and
While it is important to be a good technology at your organization. evaluating internal controls. Take a
boss, leadership is much more than See a bot in action and hear brief look at the top sources and
that. Discover the importance of lessons learned for converting a the top three digital asset events
self-leadership as the starting point single automation into an integrated that can impact financial
for leadership success and gain automation program that achieves statements.
practical tips to lead well in all sustainable ROI.
Joshua Schmidt
directions within your organization. Senior Blockchain Analyst,
Chris Denver, CPA, MBA
Jon Lokhorst, CPA, ACC National Practice Director, Marcum LLP
Executive Leadership Coach, International Financial Group
Lokhorst Consulting LLC
Jim Hannan, CPA
National Practice Director, 12:50 PM - 1:40 PM
International Financial Group
11:00 AM - 11:50 AM Managing the
Risks and Ethical
Advanced Strategies 12:50 PM - 1:40 PM Responsibilities of
for Health Savings
Flow-Through Benefit Plan Fraud
Accounts
Hot Topics in a COVID-19
Review the basics of Health
Savings Accounts and understand Discuss recent legislative
Environment
how they are becoming a source of updates related to flow-through Hear about various benefit plan
wealth accumulation rather than a entities, including interest fraud threats and discuss potential
spending account. Learn about expense limitation under §163(j), responses and ethical
advanced tax planning strategies carried interest under §1061, considerations for each scenario.
you may be missing. and much more. Walk away with an action plan to
anticipate and reduce fraud at your
Kelley C. Long, CPA/PFS, CFP Matthew Vertin, CPA, MST
organization.
Owner, Kelley C. Long Director, Baker Tilly Virchow
Consulting LLC Krause, LLP Gene Cahill, CPA, CFE, CFF
Partner, Grant Thornton LLP
Wendy Garrett
Independence and Ethical
Standards – Managing Director,
Grant Thornton LLP
= Remote Speaker
13 | Illinois CPA SocietyConcurrent Educational
Sessions 8.25.21
12:50 PM - 1:40 PM 1:50 PM - 2:40 PM 1:50 PM - 2:40 PM
Gender Parity in the Research and Bye-Bye Bias: The
Time of COVID Development Tax Ethics of Creating a
Attrition among women is at an Credit Fundamentals Bias-Free Workplace
all-time high. Discuss the impact
Learn how to identify qualifying Learn how to create a workplace
that a small decline in female
projects and review various culture that is sensitive, responsive,
advancement may have on your
methods to calculate the benefits. and welcoming. Identify implicit
organization’s future success.
Plus, discuss key project bias and micro-aggressions and
Hear how to be better allies and
implementation steps and tips discover resources to become an
advocates and receive strategies
to avoid common pitfalls along expert-level ally who champions
for retaining and promoting women
the way. professional equity.
in a post-pandemic world.
Michael Maroney, EA Jamar Cobb-Dennard, JD
JoAnna Simek, CPA, MST
Director, KBKG Business Broker, Indiana
Partner, BKD CPAs & Advisors
Business Advisors
1:50 PM - 2:40 PM
12:50 PM - 1:40 PM
1:50 PM - 2:40 PM
Be More Valuable Audit Documentation:
Quality and the Helping You Be a
to Your Clients Better Manager:
What does it really mean to be
Questioning Mind
a strategic advisor? Join Todd The true cost of quality can take
The Importance of
Shapiro and a panel of practitioners time to be seen clearly. Look at Documentation
as they discuss how to address the the recent auditing guidance
challenges of getting your staff The three most important things in
surrounding audit quality and
(and sometimes your fellow the employment relations arena are
consider examples where a lack
partners) to proactively offer “documentation, documentation,
of quality ended up costing firms.
strategic insight to help your clients and documentation.” Discover the
increase their profitability as a Sean M. Kruskol, CPA, tools and confidence to effectively
component of providing your CGMA, MAcc, CFE document employee interactions
normal accounting, audit, or tax Principal, Cornerstone Research and issues to prevent problems
services. and, if necessary, enhance your
litigation position.
Todd Shapiro
President and CEO, Jon Vegosen, JD
Illinois CPA Society Founding Member, Funkhouser
Vegosen Liebman & Dunn Ltd.
Mary K. Fuller, CPA
Managing Partner, Shepard
Schwartz & Harris LLP
Joshua Lance, CPA, CGMA
Managing Director, Lance
CPA Group
Jeffery L. Mowery, CPA,
JD, LLM, CFP
Managing Partner, Mowery
& Schoenfeld
= Remote Speaker
ICPAS SUMMIT21 | 14Concurrent Educational
Sessions
8.25.21
1:50 PM - 2:40 PM 3:30 PM - 4:20 PM 3:30 PM - 4:20 PM
Next-Gen Transitioning: Evaluating Going Driving Business
Building a Sustainable Concern Issues Process Improvements
and Transferable Firm Dig into AICPA, FASB, and PCAOB Explore the importance of aligning
guidance on going concern issues. business process improvement
Understand how to develop the Discuss the role government will initiatives with the overall strategic
next generation of CPAs to take on play with consideration to the objectives of the company.
the roles and responsibilities as Paycheck Protection Program, the Discuss 18 key drivers of value and
future firm owners. Explore ways to Employee Retention Credit, and performance and learn strategies
get started and leave with a game Economic Injury Disaster Loans, for implementing effective change
plan for creating a sustainable and among others. management tactics.
transferable firm.
Megan Angle, CPA Dan McMahon, CPA
Dan McMahon, CPA Partner, Porte Brown LLC Managing Partner, Integrated
Managing Partner, Integrated Growth Advisors
Growth Advisors
3:30 PM - 4:20 PM
3:30 PM - 4:20 PM
3:30 PM - 4:20 PM
Preventing and
A Year in Tax for Investigating Sexual Harnessing
Exempt Organizations and Other Technology and
Take a deep dive into the updated Harassment in a Remaining Relevant
guidance and final regulations of #MeToo World in the Digital Age
the Tax Cuts and Jobs Act and
2020 exposed inefficiencies and
other COVID-19-related legislation. Understand what does, and does limitations for many business
Learn about IRS compliance not, constitute sexual and other processes. Explore how executives
programs and initiatives and gain harassment. Discover how to
insight into the newly updated at forward-thinking organizations
prevent and spot harassment and quickly transitioned from manual
Form 990-T. why it is so important to do so operations to digital systems. Hear
quickly. Plus, learn strategies to
Rebekuh Eley, CPA, MST how they overcame common
investigate and address harassment
Tax Partner, RSM US LLP objections like “we’re too small” or
claims that protect both the “we can’t afford it.” Plus, discover
Zachary Fortsch, CPA employees and the employer. the tools needed for your own
Tax Partner, RSM US LLP Jon Vegosen, JD digital transformation.
Founding Member, Funkhouser Ranga Bodla
Vegosen Liebman & Dunn Ltd. Vice President - Industry
Marketing, Oracle NetSuite
= Remote Speaker
15 | Illinois CPA SocietyConcurrent Educational
Sessions 8.25.21
KEYNOTE
4:30 PM - 5:45 PM
When Was the Last Time You
Told a Really Good Story?
CPAs hold the keys to understanding the underlying economics of an entity and helping guide it towards
future productivity and sustainability. But are you conveying that information in a way that is simple enough
for everyone to grasp? Learn to use storytelling to unlock value and keep your organization agile enough to
navigate even the most turbulent of times.
Nykia Wright, MBA
CEO, Chicago Sun-Times
REGISTER TODAY!
= Remote Speaker
ICPAS SUMMIT21 | 16By registering to attend this event in person, I agree to abide by each of the COVID-19 safety protocols that are in place for the event. I understand that failure to
comply may result in expulsion from the event with no refund. I acknowledge that my in-person attendance is voluntary, and I waive and release ICPAS from any
liability arising from the contraction of communicable diseases.
REGISTRATION OPTIONS
Code: Date: Title: ICPAS M/NM: Total:
PC1 8/23 Pre-SUMMIT Virtual Workshops - select session below
(Registration for the SUMMIT Session Pass is required) $210 $___________
RB1 8/24-25 2-Day Session Pass $355/$380 $___________
PLEASE SELECT ONE. I will be attending SUMMIT21: IN-PERSON VIRTUALLY TOTAL ENCLOSED: $___________
PERSONAL INFORMATION AND PAYMENT
Member ID#:_____________(if applicable)
First Name: ____________________________________________________Last Name:_______________________________________________MI: __________
Company: __________________________________________________________________________________________________________Title: _______________________________________________________________________________________________________________________
Address: ___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
City:__________________________________________________________State:________________ Zip:_______________________ - ______________________________
Phone: _______________________________________________________Fax: ________________________________________________________________________________________________________________________
Email: ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
METHOD OF PAYMENT: Check (Payable to Illinois CPA Society) Visa MasterCard Discover Amex
Card Number:__________________________________________________________________________ Exp. Date: ___________________CVV:________
Cardholder Name: ________________________________________Signature: ______________________________________________________________
You must select your preferred sessions in order for your registration to be processed.
Code: Time: Title: Field of Study: Credits:
MONDAY, AUGUST 23, 2021
005 PM
1:00 - 4:30 PM Basic Trusts: Taxation of Trusts and Preparing Form 1041 (Virtual Only) 4 Taxes 4 CPE/3.25 CLE/4 CFP/4 EA
006 1:00PM - 4:30PM Practice Challenges in a COVID-19 World (Virtual Only) 4 Taxes 4 CPE/3.25 CLE/4 CFP/4 EA
TUESDAY, AUGUST 24, 2021
100 AM
8:00 - 9:15 AM Keynote: The State of the CPA Profession – Today and Tomorrow 1.5 Accounting 1.5 CPE
101 10:00AM - 10:50AM Individual Tax Update 1 Taxes 1 CPE/.75 CLE/1 CFP/1 EA
102 10:00AM - 10:50AM Attestation Engagements 1 Auditing 1 CPE
103 AM
10:00 - 10:50 AM How Great Leaders Find Certainty in Uncertainty 1 Personal Development 1 CPE
104 10:00AM - 10:50AM How to Hire, Train, and Retain Top Talent 1 Personnel/Human Resources 1 CPE
105 10:00AM - 10:50AM Establishing and Maintaining Fiduciary Relationships 1 Business Law 1 CPE
106 AM
11:00 - 11:50 AM Business Tax Update 1 Taxes 1 CPE/.75 CLE/1 CFP/1 EA
107 11:00AM - 11:50AM Auditing Remotely 1 Auditing 1 CPE
108 11:00AM - 11:50AM Ethical Leadership: Principles and Practices 1 Behavioral Ethics 1 CPE/1 Ethics/.75 CLE
109 11:00AM - 11:50AM Budgeting and Forecasting in Uncertain Times 1 Finance 1 CPE/1 CFP
110 AM
11:00 - 11:50 AM Sell Your Brain, Not Your Time: Subscription Pricing for Professionals 1 Management Services 1 CPE
111 12:50PM - 1:40PM Best Practices for Defending an IRS Exam: Practice Tips 1 Taxes 1 CPE/.75 CLE/1 CFP/1 EA
112 12:50PM - 1:40PM FASB Update 1 Accounting 1 CPE
113 PM
12:50 - 1:40 PM How to Be a Networking Ninja in a Virtual Environment 1 Personal Development 1 CPE
114 12:50PM - 1:40PM Balanced Scorecard and KPIs 1 Business Management & Organization 1 CPE
17 | Illinois CPA SocietyCode: Time: Title: Field of Study: Credits:
TUESDAY, AUGUST 24, 2021 CONTINUED
115 PM
12:50 - 1:40 PM How to Manage and Run a Virtual Tax Season 1 Information Technology 1 CPE
116 1:50PM - 2:40PM Tangible Property Repair Regulations 1 Taxes 1 CPE/.75 CLE/1 CFP/1 EA
117 1:50PM - 2:40PM Single Audit Update 1 Auditing (Government/Yellow Book) 1 CPE/1 Yellow Book
118 1:50PM - 2:40PM How the ABCD of the Digital Age Impacts Corporate Ethics 1 Behavioral Ethics 1 CPE/1 Ethics/.75 CLE
119 1:50PM - 2:40PM Data Readiness Assessment Model: Is Your Organization Ready? 1 Information Technology 1 CPE
120 1:50PM - 2:40PM Navigating the Next 12 Months: Creating a Foundation for Enduring Success 1 Management Services 1 CPE
121 3:30PM - 4:20PM Illinois and Beyond! Multi-State Tax Update 1 Taxes 1 CPE/.75 CLE/1 CFP
122 3:30PM - 4:20PM Fair Value Accounting: Impact on Financial Statements 1 Accounting 1 CPE
123 3:30PM - 4:20PM Do You Have Executive Presence? 1 Personal Development 1 CPE
124 PM
3:30 - 4:20 PM Ten Tips for Small Business Employment Compliance 1 Personnel/Human Resources 1 CPE
125 3:30PM - 4:20PM AI and Machine Learning: The Impact on Accounting and Finance 1 Information Technology 1 CPE
126 4:30PM - 5:45PM Keynote: Transcending Technology: 1.5 Information Technology 1.5 CPE
Ensuring Relevance in an Automated World
WEDNESDAY, AUGUST 25, 2021
200 AM
8:00 - 9:15 AM Keynote: Eyeing Our Economy 1.5 Economics 1.5 CPE/1.5 CFP
201 10:00AM - 10:50AM Nuts and Bolts of Cryptocurrency Taxation 1 Taxes 1 CPE/.75 CLE/1 CFP/1 EA
202 10:00AM - 10:50AM 2021 Auditing Update 1 Auditing 1 CPE
203 AM
10:00 - 10:50 AM Not-for-Profit Corporate Governance 1 Business Management & Organization 1 CPE/.75 CLE
204 10:00AM - 10:50AM One Simple Question to Spark Innovation and Growth 1 Management Services 1 CPE
205 10:00AM - 10:50AM Technology Solutions for the Modern Workplace 1 Information Technology 1 CPE
206 11:00AM - 11:50AM Transfer Pricing After Tax Reform 1 Taxes 1 CPE/.75 CLE/1 CFP/1 EA
207 11:00AM - 11:50AM Get Ready for the Lease Standard 1 Accounting 1 CPE
208 11:00AM - 11:50AM Mission Critical Leadership: How Smart Managers Lead Well in All Directions 1 Personal Development 1 CPE
209 AM
11:00 - 11:50 AM Advanced Strategies for Health Savings Accounts 1 Specialized Knowledge 1 CPE
210 11:00AM - 11:50AM RPA: Implementation Best Practices 1 Information Technology 1 CPE
211 12:50PM - 1:40PM Flow-Through Hot Topics 1 Taxes 1 CPE/.75 CLE/1 CFP/1 EA
212 12:50PM - 1:40PM Digital Asset Accounting .5 Accounting, .5 Information Technology 1 CPE
213 12:50PM - 1:40PM Managing the Risks and Ethical Responsibilities of Benefit 1 Behavioral Ethics 1 CPE/1 Ethics/.75 CLE
Plan Fraud in a COVID-19 Environment
214 12:50PM - 1:40PM Gender Parity in the Time of COVID 1 Personal Development 1 CPE
215 12:50PM - 1:40PM Be More Valuable to Your Clients 1 Management Services 1 CPE
216 PM
1:50 - 2:40 PM Research and Development Tax Credit Fundamentals 1 Taxes 1 CPE/.75 CLE/1 CFP/1 EA
217 1:50PM - 2:40PM Audit Documentation: Quality and the Questioning Mind 1 Auditing 1 CPE
218 1:50PM - 2:40PM Bye-Bye Bias: The Ethics of Creating a Bias-Free Workplace 1 Behavioral Ethics 1 CPE/1 Ethics/.75 CLE
219 1:50PM - 2:40PM Helping You Be A Better Manager: The Importance of Documentation 1 Business Management & Organization 1 CPE
220 1:50PM - 2:40PM Next-Gen Transitioning: Building a Sustainable and Transferable Firm 1 Management Services 1 CPE
221 PM
3:30 - 4:20 PM A Year in Tax for Exempt Organizations 1 Taxes 1 CPE/.75 CLE/1 CFP/1 EA
222 3:30PM - 4:20PM Evaluating Going Concern Issues .5 Accounting, .5 Auditing 1 CPE
223 3:30PM - 4:20PM Preventing and Investigating Sexual and Other Harassment in a #MeToo World 1 Personal Development, 1 Sexual Harassment 1 CPE/1 SHPT/.75 CLE
224 3:30PM - 4:20PM Driving Business Process Improvements 1 Management Services 1 CPE
225 3:30PM - 4:20PM Harnessing Technology and Remaining Relevant in the Digital Age 1 Information Technology 1 CPE
226 PM
4:30 - 5:45 PM Keynote: When Was the Last Time You Told a Really Good Story? 1.5 Personal Development 1.5 CPE
REGISTRATION INFORMATION (PRE-REGISTER TODAY!)
Pre-Registration Process: WEBSITE: www.icpas.org/summit
• Upon registering for ICPAS SUMMIT21, attendees will receive an
FAX: Both pages with credit card information to 312.993.9432
email confirmation.
• Starting August 16, 2021, all registered attendees will receive access to the MAIL: Both pages with check or credit card information to
SUMMIT21 Portal. From here, attendees will be able to begin to talk with Illinois CPA Society, Attention Member Services
exhibitors, and become familiar with the platform. 550 W. Jackson Blvd., Suite 900, Chicago, IL 60661-5742
• All attendees will receive an email the week prior to ICPAS SUMMIT21 that
will include helpful hints, tips and event details.
• In-person attendees will pick up their badge on-site the day of the event at If you have questions, or changes to your schedule, please call Member Services
the registration booth. at 800.993.0407, option 4. No refunds will be given. Substitutions are permitted.
ICPAS SUMMIT21 | 18In-Person and Virtual Options Available!
Virtual option includes all keynote and track sessions!
August 24-25, 2021
Donald E. Stephens Convention Center
Rosemont, Illinois
SUMMIT21 is a great way to get your CPE hours before the September 30, 2021 Reporting Year deadline!
Reminder, Illinois CPAs need 120 hours of CPE to renew their license.
THANK YOU TO OUR ICPAS SUMMIT21 EXHIBITORS AND SPONSORS:You can also read
