Block out timefor a case study, a look

at hot timeshare topics and allthe updates you need to stay current in

the field of community interest realty associations.CIRAs operate in a highly regulated and ever-developing environment. Compilation & review,financial statement deficiencies, reserve issues andrisks and general operations are complex issues.The FICPA CIRA Conference – offering expert,engaging speakers – will help you build on thefundamentals and excel in this specialized field.

2 Common Interest Realty Associations Conference

CPE CreditThis conference qualifies for 16 hours of CPE credit and is subject to approval by the FloridaDepartment of Business and Professional Regulation. Type of credit is dependant uponbreakout selection.

This conference was developed, in part, by the FICPA Common Interest Realty AssociationSection. For information on how FICPA Sections can work for you, or to join a Section, call thecall the FICPA Member Service Center at (800) 342-3197, or visit www.ficpa.org/sections.

Follow the FICPA on@ficpa and use #CIRA10 to tweet about this conference.

Block Out and Build on YourExpertise

www.ficpa.org/cpe 3

Conferenceat-a-glanceThursday Nov. 48:00-8:30 a.m. Registration and Continental Breakfast

8:30-8:40 a.m. Introduction and Opening Remarks

8:40-9:30 a.m. CIRA Legislative Update/ Walk-Through of A Complaint/DBPR Hot Topics

9:30-10:20 a.m. Financial Statement Deficiencies

Case Studies10:35-11:25 a.m. Case Study: Step 1 – So You Want To Be In CIRAs

11:25 a.m.-12:15 p.m. Case Study: Step 2 – Planning the CIRA Audit/Risk

12:15-1:15 p.m. Lunch

1:15-2:05 p.m. Case Study: Step 3 – CIRA Audit Steps

2:10-3:00 p.m. Case Study: Step 4 – CIRA Review Steps

3:15-4:05 p.m. Case Study: Step 5 – CIRA Job Wrap Up / Communications

4:10-5:00 p.m. Case Study: Step 6 – Completing the Tax Return

Breakouts10:35-11:25 a.m. Breakout 1: Fundamentals of Preparing a Tax Return for

Condominium Associations

11:25 a.m.-12:15 p.m. Breakout 2: Timeshares: Current Trends and Issues

12:15-1:15 p.m. Lunch

1:15-2:05 p.m. Breakout 3: Reserve Issues

2:10-3:00 p.m. Breakout 4: Sales Tax and Ancillary Operations

3:15-4:05 p.m. Breakout 5: The Ultimate Question: How do You Make it Rain?

4:10-5:00 p.m. Breakout 6: Financial Statement Disclosures

5:00-6:00 p.m. CIRA Section Sponsored Reception

Friday Nov. 57:45-8:15 a.m. Continental Breakfast

8:15-9:05 a.m. Collections and Foreclosures: Harsh Financial Realitiesand Alternatives in the 21st Century

9:05-9:55 a.m. Firing Line – Free Legal Advice from Top CIRA Attorneys

10:10-11:00 a.m. A&A Update

11:00-11:50 a.m. New Compilation and Review Standards

11:50 a.m.-12:50 p.m. Lunch

12:55-1:45 p.m. Little GAAP (IFRS for SMEs)

1:45-2:35 p.m. CIRA Fraud: Case Studies Discussion

2:50-3:40 p.m. DBPR Arbitration/Mediation Cases

3:40-4:30 p.m. Ask the Accounting Experts

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8:00-8:30 a.m.Registration and Continental Breakfast

8:30-8:40 a.m.Introduction and Opening RemarksMark Brechbill, CPACommittee Chair

8:40-9:30 a.m.CIRA Legislative Update/ Walk-Through of A Complaint/DBPR Hot Topics (1 TB)Jonathan M. Peet, CPA Bureau of Compliance Bureau Chief /Department of Business & ProfessionalRegulation / Tallahassee This presentation provides attendees a timelyupdate on priority legislative and regulatoryissues currently affecting the CPA professionin Florida. In particular, it focuses on key lawchanges from the 2010 legislative sessionand hot issues on the 2011 horizon. Jon alsowill cover a walk through of the complaintprocess.

9:30-10:20 a.m.Financial Statement Deficiencies (1 AA)Darlene M. Anderson, CPA Financial Examiner/Analyst II Bureau ofCompliance / Department of Business andProfessional Regulation / TallahasseeThis session reviews the most commonstatutory deficiencies, including incomplete ormissing disclosures, found in an association’sfinancial statement presentation.

Choose to attend one case study orbreakout per time slot

CIRAs - A Case StudyThis six-session Case Study follows a caseexample from soup to nuts – from acquiringthe client up through the end of theengagement. Ever wonder exactly whatgets done in an audit of a CIRA, how it getsdone, and why? This practical series ofsessions covers all of this and more,including tax preparation and even areview. Whether you are an experiencedpractitioner interested in learning whatothers are doing, or a novice trying todetermine whether CIRAs are for you, checkout these sessions!

10:35-11:25 a.m.Case Study: Step 1 – So You WantTo Be In CIRAs (1 TB)Cecil “Pat” Patterson Jr., CPAPresident / Patterson & Associates, PA Ponte Vedra Beach This course explores the background andhistory of CIRAs with an explanation of theCIRA industry as it applies to publicaccounting. We’ll also cover ideas andprocesses for obtaining knowledge of theindustry, particular standards that apply toCIRAs, and the impact that Florida Statutesand Florida Administrative Code rules.Marketing techniques, business developmentapplications, and available practice aids arepresented. Entry level professionals, as wellas experienced practitioners, will findsomething of interest in this presentation.

ThursdayNov. 4

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11:25 a.m.-12:15 p.m.Case Study: Step 2 – Planning theCIRA Audit/Risk (1AA)K. Alan Jowers, CPAPartner / Carr, Riggs & Ingram, LLC / Destin andBruce A. Nunnally, CPAPartner / Carr, Riggs & Ingram, LLC / Destin The second in a series of six Case Studysessions, this course works through the auditplanning steps and risk assessment in atypical CIRA audit engagement using arealistic, practical example. Topics coveredinclude documenting engagementacceptance; engagement letters; gaining anunderstanding of the entity; fraud risk inquiries;preliminary analytical procedures; assessingsignificant risks and others.

12:15-1:15 p.m.Lunch

1:15-2:05 p.m.Case Study: Step 3 – CIRA AuditSteps (1 AA)K. Alan Jowers, CPAPartner / Carr, Riggs & Ingram, LLC / Destin andBruce A. Nunnally, CPAPartner / Carr, Riggs & Ingram, LLC / Destin The third in a series of six Case Studysessions, this course demonstrates typicalsubstantive procedures performed in a CIRAaudit engagement. Topics covered includetests of details, substantive analyticalprocedures and other standard proceduresgenerally performed in a CIRA audit.Emphasis is on certain current industrydevelopments such as consideration ofallowances for bad debts and developerfunding calculations. Although you are notrequired to attend Case Study: Step 2, wewill use the audit planning from that sessionas a basis for discussing our auditprocedures.

2:10-3:00 p.m.Case Study: Step 4 – CIRA ReviewSteps (1 AA)K. Alan Jowers, CPAPartner / Carr, Riggs & Ingram, LLC / Destin andBruce A. Nunnally, CPAPartner / Carr, Riggs & Ingram, LLC / Destin The fourth in a series of six Case Studysessions, this course demonstrates typicalprocedures performed in a CIRA reviewengagement. Topics covered include inquiriesof management, analytical procedures,concluding the engagement, and otherstandard procedures generally performed ina CIRA review. Although you are not requiredto attend Case Study: Step 3, we usematerials from that session as a basis fordiscussing our review procedures.

3:15-4:05 p.m.Case Study: Step 5 – CIRA Job WrapUp / Communications (1 AA)K. Alan Jowers, CPAPartner / Carr, Riggs & Ingram, LLC / Destin andBruce A. Nunnally, CPAPartner / Carr, Riggs & Ingram, LLC / Destin CIRA Job Wrap Up/Communications - Thefifth in our series of six case study sessions,this course will work through the concludingaudit steps and client communications in atypical CIRA audit engagement. Topicscovered will include subsequent events,management representation letters, finalanalytical procedures, and communicationsrequired by SAS 114 and SAS 115 as well asother standard procedures to conclude theaudit. Although it is not required that youattend Case Study Steps 2 and 3 before thisclass, we will be using the information fromthose sessions as a basis for discussing ouraudit conclusion.

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4:10-5:00 p.m.Case Study: Step 6 – Completing the Tax Return (1 TB)Mark Brechbill, CPAManaging Director / Mark BrechbillCertified Public Accountants / StuartThe last in a six-session series, this coursefocuses on preparing the tax return andobtaining information necessary toadequately determine which type of return tofile. We will analyze the risks associated withthe client relative to filing an 1120 vs. filing an1120-H, and how to communicate those risksto the client to assist them in making aninformed decision. Finally, we will walkthrough the preparation of the return andvarious alternatives for presenting theinformation within the return. Although you arenot required to attend Case Study: Steps 1-5,we use materials from that session as a basisfor discussing our review procedures.

Breakouts

10:35-11:25 a.m.Breakout 1: Fundamentals ofPreparing a Tax Return forCondominium Associations (1 TB)John M. Barbery, CPA, MSTPartner / Hoskins & Barbery, CPA, LLC Orlando Understanding the basics of filing a tax returnfor a condominium association. Understandthe distinct differences between member andnon-member income. Which form should befiled and how to correctly calculate taxableincome.

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11:25 a.m.-12:15 p.m.Breakout 2: Timeshares — CurrentTrends and Issues (1 AA)Randall B. Wilson, CPA, CFE, CVAAudit Manager / Averett Warmus DurkeeOsburn Henning / Orlando andRay D. Bastin, CPAAudit Manager / Averett Warmus DurkeeOsburn Henning / Orlando This session offers an in-depth analysis ofcompiled information from timesharefinancials over a multi-year period, notingchanges in key financial indicators, a reviewof current financial statement trends and adiscussion of future potential issues.

12:15-1:15 p.m.Lunch

1:15-2:05 p.m.Breakout 3: Reserve Issues (1 AA)Percy J. Legendre III, CPAManaging Partner / Bashor & Legendre,LLP / Tampa andCarol Eskew, CPAPartner / Goldman, Juda & Eskew, PA

PlantationThis session addresses budgeting ofreserves, proper waiving of reserves,reserve disclosure and reserve studyrequirements for condominiums andhomeowners associations.

2:10-3:00 p.m.Breakout 4: Sales Tax and AncillaryOperations (1 TB)Kevin M. Payne, CPAShareholder / Proctor, Crook, Crowder,Fogal, CPAs / StuartSales tax is a very overlooked obligation inmany CIRAs, which may expose it tosignificant liability to the state for unpaidtaxes. This session addresses those areas ofoperations which may expose the associationto that risk!

3:15-4:05 p.m.Breakout 5: The Ultimate Question:How do You Make it Rain? (1 B)Cornell Rudov President / CPAsNET.com / Princeton, NJIf you could only ask your clients onequestion, what would it be? This sessionguides you through a dynamic process thatfocuses on driving good profits and truegrowth and how to implement the process intheir firms.

4:10-5:00 p.m.Breakout 6: Financial StatementDisclosures (1 AA)Mike Miller, CPA, CAMPartner / Stroemer & Company, PAFt. MyersandRuss Planks, CPA, CCIFPPartner In-Training / Stroemer & Company, PAFt. MyersThis course covers Florida Statutes as well asreviewing existing disclosure requirements.

5:00-6:00 p.m.CIRA Section Sponsored Reception

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FridayNov. 57:45-8:15 a.m.Continental Breakfast

8:15-9:05 a.m.Collections and Foreclosures: HarshFinancial Realities and Alternativesin the 21st Century (1 TB)Ellen Hirsch de Haan, Esq.Managing Partner / Tampa Bay RegionalOffice, Becker & Poliakoff, P.A. / ClearwaterCommunity associations are no longerinflation and recession proof. How areboards to pay the bills if the delinquency rateis over 50%? What is the impact ofbankruptcy on association operations? Arethe courts helping or hurting? Learn about thelatest developments in the collection andforeclosure game and their affect onassociation financial operations.

9:05-9:55 a.m.Firing Line – Free Legal Advicefrom Top CIRA Attorneys (1 TB)Peter Mollengarden, Esq.Shareholder / Rosenbaum, Mollengarden,Janssen and Siracusa, PLLC / West PalmBeachandAllison Hertz, Esq.Rosenbaum, Mollengarden, Janssen andSiracusa, PLLC / West Palm BeachandMark Keegan, Esq. Rosenbaum, Mollengarden, Janssenand Siracusa, PLLC / West Palm BeachHere's your chance to ask the tough legalquestions about CIRAs and get a straightanswer.

10:10-11:00 a.m.A&A Update (1 AA)Cecil “Pat” Patterson Jr., CPAPresident / Patterson & Associates, PAPonte Vedra Beach This CIRA A&A update provides a review ofrecent changes and updates to theaccounting (including Codification), reportingand auditing standards as they apply to theCIRA industry. It includes a discussion of howthe standards are affecting accounting andreporting, with a focus on the CIRAcircumstances in a troubled economy. Thequestion of “who’s in charge?” will beaddressed.

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11:00-11:50 a.m.New Compilation and ReviewStandards (1 AA)Cecil “Pat” Patterson Jr., CPAPresident / Patterson & Associates, PAPonte Vedra Beach This presentation for CIRAs addresses thenew standards for compilation and reviewunder SSARS 19, Compilation and ReviewEngagements as they might apply to CIRAs inFlorida. Discussions on the independencedisclosure requirements, the new engagementletters, new documentation requirements, andpractical applications of all of these issueswill encompass both the new standards andold issues and problems in compilations andreviews specifically applied to CIRAs.

11:50 a.m.-12:50 p.m.Lunch

12:55-1:45 p.m.Little GAAP (IFRS for SMEs) (1 AA)Mark Brechbill, CPAManaging Director / Mark BrechbillCertified Public Accountants / StuartNot little blue people from overseas, but thepotential saviors of our profession. Don't missthis relevant discussion on how IFRS for SMEsmay be just what CIRAs are looking for!

1:45-2:35 p.m.CIRA Fraud: Case Studies Discussion(1 AA)Percy Legendre III, CPAPartner / Bashor & Legendre, LLP / TampaandJohn H. Stroemer, CPA, CFST, CAM, GRIPartner / Stroemer & Company, PAFt. MyersThis course is an in-depth discussion of severalfraud cases/schemes discussing the fraudmethodology, how the fraud was discoveredto its effects on the financial statements andthe ultimate resolution. Audience participationis encouraged.

2:50-3:40 p.m.DBPR Arbitration/Mediation Cases(1 TB)James Earl, Esq.Chief Arbitrator / Department of Business &Professional Regulation / TallahasseeChief Arbitrator with the Department ofBusiness and Professional Regulations,Division of Florida Condominiums, Timesharesand Mobile Homes, discusses and reviewscases presented for arbitration andmediation.

3:40-4:30 p.m.Ask the Accounting Experts (1 AA)Jonathan M. Peet, CPA Bureau Chief / Department of Business &Professional Regulation / TallahasseeandCecil “Pat” Patterson Jr., CPAPresident / Patterson & Associates, PAPonte Vedra Beach andMark Brechbill, CPAManaging Director / Mark BrechbillCertified Public Accountants / StuartandKevin M. Payne, CPAShareholder / Proctor, Cook & Crowder,CPAs / StuartA gathering of seasoned accounting and taxprofessionals bring together their years ofpractical experience and technicalknowledge to listen, discuss and answerconference participants' questions on issuesinvolving their real life situations.

10 Common Interest Realty Associations Conference

CPE Policiesyou may need to knowCPE policies may be found on our websiteat www.ficpa.org/cpe/policies, or on theregistration confirmation sent uponcompletion of registration.

Electronic MaterialsConference reference materials aredistributed to registrants electronically inadvance of the program. There will not beprinted material available on site. This fullysearchable PDF includes speakerpresentations and is intended for electronicuse only.

Group Discounts AvailableRegister 5 or more people from the sameorganization and receive special groupdiscounts! Restrictions may apply. For moreinformation, visit www.ficpa.org/cpe/policies.

Did You Know…You can apply your nonmember fee fromthis event toward an FICPA membership.Visit www.ficpa.org/cpe/policies for moredetails and an application.

Conference SponsorsConference SiteHilton in the Walt Disney World®

Resort Orlando1751 Hotel Plaza BlvdOrlando FL(407) 827-4000

AccommodationsHilton in the Walt Disney World®

Resort OrlandoFICPA Room Rate: $119 Single/DoubleHotel Cutoff Deadline: Friday, Oct. 8, 2010

(Reservations made after the cutoff date willbe subject to availability and current roomrate.)

For reservations, please contact the Hilton in theWalt Disney World® Resort directly at (800)782-4414. Be sure to mention the FICPA CIRAConference to receive the special group rate.

2009-2010 Conference Committee

Mark Brechbill, ChairKathryn Tushaus, Vice Chair

John BarberyLinda BeckerLena Combs

Cynthia D’ArtagnanRonald DiCrescenzo

Carol EskewSteven GladstonePatricia GordonNicole Johnson

Alan JowersPercy Legendre

Cecil “Pat” PattersonKevin Payne

Thomas RisalvatoMidialys Rivero

James SlaterJohn Stroemer

Guy StrumRobert Tapia

Conference Info

www.ficpa.org/cpe 11

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Signature Exp. Date The FICPA is not responsible for checks or registrations delayed or lost in the mail.

Internet registration can be placed at www.ficpa.org/cpe.Fax a completed registration form with credit card information to the FICPA at (850) 681-2433.Call the FICPA Member Service Center at (800) 342-3197 (in Florida), or (850) 224-2727 (outside Florida) to place acredit card order.Mail a completed registration form to: Continuing Professional Education, FICPA, P.O. Box 5437, Tallahassee, FL 32314-5437.

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*Take advantage of the Early Bird Price by registering more than10 days before the course date and receive $55 off the Regular Price.**Nonmembers of the FICPA must add an additional $250 to theregistration price. Save money and apply this fee to your FICPAmembership fees. Visit www.ficpa.org/cpe for more details.

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❍ Check here if registration reflects an address change. ❍ In accordance with ADA requirements, if you are disabledand require special services, please check here. Someonefrom our office will contact you.

Common Interest Realty Associations Conference Member Price Nonmember Price**Early Bird Price* $415 $665

Regular Price (as of 10/26/2010) $470 $720

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Card Validation Code:(3 or 4 digit code located on the credit card)

Thursday, Nov. 4, 2010 – Choose one case study or breakout per time slot

10:30-11:25 a.m. ❍ CS1 ❍ BO1

11:25 a.m.-12:15 p.m. ❍ CS2 ❍ BO2

1:15 p.m. - 2:05 p.m. ❍ CS3 ❍ BO3

You will be automatically registered for all General Sessions. Please check one case study orbreakout session for each time slot indicating the concurrent session you wish to attend.

2:10-3:00 p.m. ❍ CS4 ❍ B04

3:15-4:05 p.m. ❍ CS5 ❍ B05

4:10-5:00 p.m. ❍ CS6 ❍ B06

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