October 1 , 2006
The Newspaper of the NYSSCPA
Vol. 9, No.17

A Successful Summer

By Sherry L. DelleBovi, Buffalo Chapter President

Our Fourth Annual Summer Symposium, held July 26 through July 27 at the Millennium Hotel in Buffalo, was a tremendous success and, thanks to Buffalo Chapter Accounting and Auditing Committee Chair Paul Dayer and committee members Greg Altman, Dan Tirone and Ray Nowicki, we had record attendance.

This year’s symposium featured Chuck Landes and Hiram Hasty, from the American Institute of Certified Public Accountants (AICPA). We were fortunate to have Landes and Hasty, who are also co-authors of the new Risk Assessment Standards.

The new audit standards may seem overwhelming, but we need to work smarter, not harder. More time spent in the planning process will help us to perform efficient audits.

Other sessions included “Creative Uses of Excel in Financial Statement Engagements,” presented by Jennifer Moore, of Ernst & Young; “Accounting and Auditing Issues Associated with Business Acquisitions,” presented by Jim Krupinski and Greg Urban, of Dopkins & Company; “Evaluating, Documenting and Testing Internal Controls for Audit Reliance,” presented by Mel Crystal, who often teaches for the Foundation for Accounting Education (FAE); “Top Ten Disclosure Deficiencies,” presented by Ray Nowicki, and “FIN 46R: Lessons Learned and Implementation Strategies,” presented by Paul Dayer.

Landes and Hasty also spoke to a group of managing partners from the Buffalo Chapter during lunch. Landes stressed to the managing partners the importance of the “tone at the top” and the value of an audit. Landes urged us not to think of an audit as a mere commodity.

Mark your calendars for the Buffalo Chapter Ethics and Town Hall Meeting. It will be held on Thursday, Oct. 5, at the Adam’s Mark Hotel and will include 2 free hours of ethics CPE.

Sherry L. DelleBovi can be reached at 716-856-3300 or at sdellebovi@lumsdencpa.com.

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