Welcome to the Online Continuing Professional Education for Certified Public Accountants
offered through Santa Clara University, in conjunction with the Accounting CPE Network.

What's the ACPEN Difference?

The ACPEN Difference

The Accounting Continuing Professional Education Network (ACPEN) is a joint project of state CPA Societies and other affilliated organizations who have a common goal: improving the quality and accessibility of distance learning opportunities available to their members.

Others' Technology

Webinar technology has, for some time, been a common offering of many participating ACPEN associations. Combining powerpoint slides delivered via the internet with audio of the instructor, either by telephone or internet, the webinar format allows for the delivery of educational content in a convenient, but visually limited fashion.

ACPEN's Technology

The ACPEN network is founded on the use of streaming video content over the internet that provides the participant with live, full motion video of the presenter, high quality audio, along with coordinated powerpoint slides. The ACPEN platform, provided by Business Professionals' Network and its technology partner, BizVision, also allows the end user to fully participate in the webcast by downloading written materials, emailing questions to presenters in real time, making notes in the viewer "notes" area, and emailing those notes to themselves for later use.

ACPEN's Production Values

ACPEN programming features enhanced production values and formats appropriate to the video medium. Presenters interact with each other as well as you, the ACPEN participant. This delivers an educational experience that is engaging, interesting, as well as professionally rewarding.

It is this unique combination of valuable information delivered using interactive live, video and audio internet technology that define The ACPEN Difference.



The Accounting Continuing Professional Education Network (ACPEN) CPE network, sponsored by State CPA Societies in many states, is dedicated to bringing, highly relevant, interactive, world-class CPE to every CPA in the most convenient and economical ways possible. Founded by four state societies in 1997, ACPEN is now a consortium of nearly 40 state societies.

Since 1998, ACPEN has been owned and managed by Business Professionals' Network, a firm that is responsible for the development of CPE content, management of the network, and that ensures that the satellite and internet technology is and stays at the cutting edge, for the benefit of state societies and their member CPAs. More information about ACPEN course offerings can be found below.

Since 1997, ACPEN programs have covered all of the most important subjects for accounting, tax and financial professionals. This year, you can join the thousands of CPAs across the country who have a reserved seat to one of the most fascinating ways to earn CPE credits available anywhere! In addition to CPE content developed by BPN, increasingly, state societies are taking advantage of webcast technology, adding their content and speakers to the ACPEN offerings.

More information about ACPEN CPE products and technology, can be found in the ACPEN Products section.


ACPEN Signature Series: 2012 Accounting & Auditing Update

Length: 8 Hours

This year’s annual update seminar is designed for accountants and auditors, with a special focus on those who work with and in non-public entities. Our panel of experts will provide in-depth analysis of the most recent pronouncements from the FASB, AICPA Professional Ethics Executive Committee, Accounting and Review Services Committee, and the Auditing Standards Board. Using their perspective as professionals with unique access to and experience with these entities, they will explain how the new developments will affect financial statement preparers and auditors alike. In addition, you will receive a one hour general ethics update.

As a special professional update, you will receive a briefing by a FASB board member on the status and progress of the new Private Company Council (PCC) of the Financial Accounting Foundation. Understanding the direction of this this effort is critical for those who work with private companies in the US. This presentation will cover the forces affecting private company financial reporting, the accommodations that have already been made for private companies, what this process may mean for your clients, and how you can follow the process.

You will also learn about the new accounting, auditing, compilation and review standards and exposure drafts that will require dramatic changes in the performance of audits, and revisions to ethical rules. Join our panel of experts as they discuss these and other issues of the new accounting & auditing environment. As always, participants can direct their own questions and concerns to the panel.

This video is part of ACPEN Premium Series 2012
This video is part of 2012 Signature Series Bundle
This video is part of ACPEN Signature Complete Series
This video is part of A&A Basic
This video is part of A&A Deluxe
This video is part of Yellow Book Bundle
This video is part of One Stop Shop Bundle

CPE Credits: 8

Field of Study 1: Accounting (4 hours)

Field of Study 2: Auditing (4 hours)

Field of Study 3: Yellow Book (8 hours)

Field of Study 4: Regulatory Ethics - Non-state Specific (2 hours)

Program Level (Basic, Update, Intermediate, Advanced, Overview): Update

Prerequisites: None

Instructional Delivery Method: Group Internet Based

Course Registration Requirements: Online Registration

Designed For: Public and Industry Practitioners

Course Developer: Business Professionals' Network, Inc.

Refund/Cancellation Policy: Please contact the ACPEN help desk - 1-800-747-1719 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Complaint Resolution Policy: Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).

Official Registry Statement: Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org

Produced By:



  • Laura A. Billingsley, CPA
    • Laura A. Billingsley, CPA, is a senior technical editor of PPC products for the Tax & Accounting business of Thomson Reuters, in Fort Worth, Texas, where she is responsible for the technical content and annual update of several PPC products, including PPC’s Guide to Compilation and Review Engagements, and PPC’s Checkpoint e-Tools. She is a coauthor of PPC’s Guide to PCAOB Audits, PPC’s Guide to Religious Organizations, and PPC’s Guide to Fraud Risk Assessment: Implementing SAS 99 and Related Guidance. Before joining PPC, she was a senior audit manager at PricewaterhouseCoopers LLP, where she managed audit, business assurance, and consulting engagements for a wide variety of domestic and international clients. Ms. Billingsley is a member of the American Institute of Certified Public Accountants. She has a M.S. degree in accounting, a Masters degree in education, and a B.S. degree with a major in mathematics.

  • Gary A. Hotchkiss, CPA, President
    • Gary’s professional career has encompassed public accounting in the capacity of staff to partner level in firms ranging from small to international practices, and industry experience at the controller and chief financial officer level. Gary’s experience also includes three years as a member of the Auditing Standards Board of the American Institute of Certified Public Accountants.  For several years, Gary served as the senior technical reviewer for the Texas Society of CPAs for peer reviews conducted in that state.  Various organizations such as the American Institute of Certified Public Accountants and state societies of CPAs have named Gary as their discussion leader of the year.  Participants have noted that he enhances his presentations by including real-life examples and drawing upon a “somewhat dry” sense of humor. 

      Gary, currently, is a partner in a small accounting practice in Dallas, Texas.  Additionally, Gary is the President of RealisticApproach Seminars, Inc.  RealisticApproach Seminars, Inc. develops and provides professional training, exclusively through state societies of CPAs, to CPAs throughout the country.

  • Daryl E. Buck, CPA
    • Daryl E. Buck, CPA, was named to the Financial Accounting Standards Board (FASB) by the Financial Accounting Foundation (FAF) effective February 28, 2011. His appointment was part of the Board’s expansion from five to seven members. Mr. Buck brings a strong private company financial reporting perspective to the FASB. Prior to joining the Board, he spent eighteen years as Senior Vice President & Chief Financial Officer of Reasor’s Holding Company, a private company with $400 million in annual sales. In addition to leading the company’s financial, tax, and treasury functions, he advised senior management and the Board of Directors about the financial and tax implications of strategic opportunities and acquisitions, playing a key role in setting its strategic direction. From 1984–1992, Mr. Buck was an audit manager with the Houston and Oklahoma City offices of Arthur Andersen & Co. In this role, he planned, organized, and executed audit engagements for a variety of publicly-held energy industry clients, including the domestic exploration and production division of a major international oil and gas company. His non-energy industry clients represented a number of diverse industries, including banking, marine transportation, savings and loan, wholesale distribution, employee benefit plans, and not-for-profit organizations. In 2010, Mr. Buck served on the Blue-Ribbon Panel on Standard-Setting for Private Companies, a joint committee of the FAF, the American Institute of Certified Public Accountants (AICPA), and the National Association of State Boards of Accountancy (NASBA). A former member of the Board of Directors of Financial Executives International (FEI), he served four years on its committee on private company standards, to which he was named chair in 2010. He was also a founding member of the FASB/AICPA Private Company Financial Reporting Committee, serving from 2007 to 2009. A CPA, Mr. Buck is a member of the AICPA and the Oklahoma Society of Certified Public Accountants. He graduated summa cum laude with a B.S. in accounting from Southeastern Oklahoma State University in Durant, Oklahoma.
  • J. Michael Inzina, CPA, CGFM
    • J. Michael Inzina, CPA, CGFM is president and CEO of Audit Litigation Training and Efficiency Consulting, Inc. (ALTEC), a consulting company serving the accounting and auditing community in audit efficiency, training, ethics and litigation support. He has over thirty years in public practice and is also a partner with the firm of Stagni & Company, LLC, concentrated in governments and nonprofit organizations. Mike holds a BBA in accounting from the University of Louisiana (Monroe), where he graduated summa cum laude in May 1976. He is a member of the American Institute of CPAs, the Society of Louisiana CPAs, the Association of Government Accountants and the GFOA, and earned the CEA in governmental in 1990. He was awarded the Certified Government Financial Manager (CGFM) designation in 1996. Mike is a past chapter president and member of the Society of Louisiana CPAs Board of Directors and served two terms as chairman of the Governmental Positive Enforcement Program of the Louisiana State Board of CPAs. He has served on numerous committees of the Society of Louisiana CPAs, and presently is a member of its Ethics and Litigation Support committees. Mike has twice served as a member of the AICPA Professional Ethics Executive Committee (1986-1989, and 2000-2003), and served as a member of the AICPA Auditing Standards Board from 1997 to 2000. From 1986 to 1993, he served as a member of AICPA Independence and Behavioral Standards Subcommittee, and was Subgroup Chairman of the Governmental Technical Standards Committee. During this time he conducted numerous investigations of complaints filed by federal, state and local agencies alleging substandard performance of audits of governmental and nonprofit entities, and represented the Professional Ethics Division at hearings of the Joint Regional Trial Board. He contributed to the GASB Statement 34 Implementation Guide, AICPA Statement of Position 98-3, the industry audit and accounting guide Audits of State and Local Governmental Units, the AICPA Practice Aid to SAS 99 (fraud) and assisted in revisions to the Louisiana Governmental Audit Guide and in drafting state legislation affecting governmental accounting and auditing requirements. He has served as technical consultant and instructor for the Louisiana Division of Administration (Office of Community Development), and as consultant to the Louisiana Department of Education. Mike frequently appears as moderator and panelist on the Accountants CPE Network. He has been named twelve times as an Outstanding Discussion Leader by the American Institute of CPAs and the Louisiana, South Carolina and West Virginia state societies. He received a Special Recognition Award from the Society of Louisiana CPAs Board of Directors for his contributions to continuing education in 1994, and was awarded the 2001 National Education and Training Award from the Association of Government Accountants. In 2009, Mike was named as a Business Information Professional of the Year by Beta Alpha Psi.
  • Teresa S. Polley, CPA
    • Teresa S. Polley, CPA, was appointed President of the Financial Accounting Foundation (FAF) in May 2008, and was subsequently promoted to the role of President and CEO in 2010. She brings over 20 years of experience with FAF and the Financial Accounting Standards Board (FASB) to the position. Prior to her appointment, Ms. Polley served as Executive Director of Advisory Groups for the FASB. In this role, she was primary liaison between the Board and its constituent organizations that provide input into its decision-making processes. These include the Financial Accounting Standards Advisory Council (FASAC), consisting of a diverse membership of financial statement users, preparers, and auditors representing a cross-section of industries; the Small Business Advisory Committee (SBAC), representing more than 20 users, preparers and auditors from the small business community; the User Advisory Council (UAC), representing investors and investment professionals, equity and credit analysts, and rating agencies; and the Investors Technical Advisory Committee (ITAC), consisting of investors with strong technical accounting knowledge. From 1990 to 1999, Ms. Polley served as Controller of the FAF. As Controller, she was responsible for all aspects of the FAF’s financial operations, including budgets, financial statement presentations, audits, payroll, tax reporting and investments. Ms. Polley joined the FASB in 1987 as a Technical Associate, was promoted to positions of increasing responsibility, and was instrumental in the administration and operation of its Emerging Issues Task Force (EITF) and in the development of the inaugural edition of EITF Abstracts, first published in late 1987. Previously, she was a Senior Accountant with Arthur Andersen and Company in its Stamford, Connecticut office, where she handled the preparation of financial statements, consolidations, SEC filings and internal control evaluations and commentary with clients in manufacturing, electronics, mining, banking and trust services. Ms. Polley earned a B.A. degree, summa cum laude, in accounting and French from St. Francis College in Loretto, Pennsylvania. She is a certified public accountant in the state of Pennsylvania and a member of the American Institute of Certified Public Accountants (AICPA) and the Connecticut Society of Certified Public Accountants.

Course Materials

  • ACPEN_Signature-A_and_A_Update-Manual
  • EVAL-ACPEN_Signature-A_and_A_Update
  • Important CPE Credit Information_2012

* Please be advised that this is not a
Santa Clara University website, but is a website developed and hosted by ACPEN, in conjunction with Santa Clara University.