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Live Webcast Replay

ACPEN Signature: 2022 Special Purpose Frameworks: The Artist Formerly Known as “OCBOA”

Total Credits: 8 including 5 Accounting - Technical, 3 Auditing- Technical

Average Rating:
ACPEN Signature |  Accounting and Auditing
Laura A. Billingsley, CPA, MS Acc, MEd |  Kurt G. Oestriecher, CPA |  James A. Smith, CPA, CGMA |  Michael L. Brand, CPA, CGMA
Course Levels:
8 Hours
Access for 30 day(s) after program date.



This course is designed to assist accountants who prepare special purpose framework financial statements and/or perform SSARS or audit engagements on those special purpose framework financial statements. Our panelists will provide an in-depth explanation of the different types of special purpose frameworks, how to decide when to use a special purpose framework, the primary issues in preparing special purpose framework financial statements, and they will discuss engagement and reporting considerations.

Basic Course Information

Learning Objectives
  • Understand the different types of special purpose frameworks.
  • Learn how to decide when to use a special purpose framework.  
  • Understand the primary issues when preparing special purpose framework financial statements.
  • Understand SSARS engagement and audit engagement considerations that are specific to special purpose frameworks and different from GAAP.


Major Subjects
  • Cash Basis 
  • Tax Basis
  • Regulatory Basis, Contractual Basis, and the AICPA’s Financial Reporting Framework for Small and Medium-Sized Entities

Course Materials


Laura A. Billingsley, CPA, MS Acc, MEd's Profile

Laura A. Billingsley, CPA, MS Acc, MEd Related seminars and products

Laura A. Billingsley, CPA, MS Acc, MEd, is an executive editor of PPC products for the Tax & Accounting business of Thomson Reuters in Carrollton, Texas, where she is responsible for the technical content and annual update of several PPC products. She is a coauthor of PPC’s Guide to SSARS Preparation EngagementsPPC’s Guide to PCAOB AuditsPPC’s Guide to Religious OrganizationsPPC’s Practice Aids for Audits of Oil and Gas Entities, and PPC’s Guide to Fraud Risk Assessments; and a contributing author to PPC’s Guide to Compilation and Review Engagements, PPC’s Guide to Managing an Accounting PracticePPC’s Guide to Write-up ServicesPPC’s Guide to GAAS, PPC’s Guide to Audits of Financial Institutions, PPC’s Guide to Dealerships, and The PPC Accounting and Auditing Update newsletter. She has been an observer at the AICPA Accounting and Review Services Committee meetings for more than 20 years. Before joining Thomson Reuters, she was a senior audit manager at PricewaterhouseCoopers LLP, where she managed attest, business assurance, and consulting engagements for both small business and public company clients. Ms. Billingsley is a member of the American Institute of Certified Public Accountants. 

Kurt G. Oestriecher, CPA Related seminars and products

Kurt G. Oestriecher, CPA is a partner with Oestriecher & Company, CPAs in Alexandria, Louisiana, where is currently Partner in charge of Accounting and Auditing.  Kurt joined the firm in 1986 after graduating from the University of Louisiana – Monroe, cum laude.  He is a member of the AICPA and LCPA.  He has served on the AICPA Accounting and Review Services Committee and has served two terms on AICPA Council, once as Louisiana’s designated member, and once as an elected member.  He also served a six year term on the AICPA Joint Trial Board. Kurt was elected President of the LCPA from 2002-2003 and has served on a number of LCPA committees.  He is currently serving as chair of the LCPA Professional Ethics Committee.

Kurt has authored several CPE publications, including the AICPA Annual Update for Accountant’s and Auditors, Professional Ethics for Oklahoma CPAs, SSARS Engagements, and Identifying and Reporting Control Deficiencies under AICPA Auditing Standards.  He has been named the Outstanding Discussion Leader by the LCPA three times, and has been awarded the AICPA Outstanding Discussion Leader of the Year every year from 2006 – 2016.

James A. Smith, CPA, CGMA's Profile

James A. Smith, CPA, CGMA Related seminars and products

Managing Director

Smith, Jackson, Boyer & Bovard, PLLC

James A. Smith, CPA, CGMA, serves as Managing Director of Smith, Jackson, Boyer & Bovard, PLLC, a Dallas based, full service Certified Public Accounting firm.  In his fifty years of professional experience, he has performed audit engagements in real estate development and construction, investment partnerships, manufacturing, utilities, retail, transportation, and health care.  He has worked with companies ranging in size from large, multinational corporations to small, closely held businesses.  He has also been engaged extensively in tax and financial planning consultations for closely held businesses and their owners; tax compliance and tax controversy representation.

Mr. Smith has been a frequent panelist on ACPEN webinars.  He has appeared as a featured commentator on all four Dallas/Ft. Worth network news stations, including three and one-half years as a featured business commentator on KXAS, TV5; on the TSCPA “CPAs on Call” state-wide tax television program; and on various radio news programs.  He has conducted seminars on tax and financial planning for the Dallas Chapter of the TSCPA, stock brokerage firms and life insurance companies, and on marketing and practice management for the TSCPA, the North Carolina Association of CPAs, the Arkansas Society of CPAs, the Pennsylvania Institute of CPAs, and the American Institute of CPAs.  He has made presentations on analyzing financial statements for the reporting staffs of the Dallas Morning News, Dallas Business Journal, Wall Street Journal, and San Antonio Express.  He has also made CPE presentations on SSARS standards for the Illinois Society of CPAs, the Texas Society of CPAs, the Dallas Chapter of TSCPA, the Southeast Texas Chapter of TSCPA, and others.

Mr. Smith served as Chair of the Texas Society of CPAs (TSCPA) for the 2007-2008 year, as an elected member of its Executive Board and its Board of Directors, and as Treasurer and Treasurer-Elect. He served as an elected member of the AICPA Council 2007 through 2011 and 2012 through 2015.  He also served as an appointed member of two of the AICPA’s key standard setting committees:  the Accounting and Review Services Committee, 2008 through 2011 and the Tax Practice Responsibilities Committee, 2014 to 2018.  He has served as Chair of the Dallas Chapter of TSCPA (DCTSCPA) for the 2002-2003 year and a member of its Board of Directors.  He has served the TSCPA as Communications Subcommittee Chair of the Federal Tax Policy Committee, Attestation Subcommittee Chair of the Professional Standards Committee, Chair of the External Relations Steering Committee, Chair of the Strategic Planning Committee, Chair of the MAP Future Issues Committee, Sub-Committee Chair of the Quality Review Committee, and Chair of the Public Practice Association.  In recognition of his service, Mr. Smith has been named an Honorary Fellow of the TSCPA in 2017, presented with its Meritorious Service to the Accounting Profession in Texas Award in 2013, and had been named Outstanding Steering Committee Chairman for the year 1999-2000, Outstanding Committee Chairman for the year 1995-1996, and Outstanding Committee Member for the Years 1992-1993 and 1995-96.  The DCTSCPA also named him CPA of the Year for 1999-2000.

Mr. Smith is a graduate of Southern Methodist University with a BBA in Accounting and Economics.  He is a Certified Public Accountant in the state of Texas and is a licensed Registered Investment Advisor.

Mr. Smith resides in Dallas with Charlie, his wife of 50 years. They have three grown daughters, all of whom are married, a grandson and three granddaughters.

Michael L. Brand, CPA, CGMA Related seminars and products

Johnson, Feigley, Newton & Brand, LLP, Athens, AL

Michael L. Brand is a partner in the firm of Johnson, Feigley, Newton & Brand in Athens, Alabama. For the past 23 years, he has been involved in all aspects of public accounting with in emphasis in accounting, auditing, and review services. He also teaches continuing education classes and has been a speaker at several conferences nationwide. He is the current chair of the Alabama Society of Certified Public Accountants Peer Review Committee and the Accounting and Review Services Committee.

Brand’s experience involves audits, reviews, and compilations of various for-profit industries, not-for-profits, and governmental entities. He was formally on the Peer Review Board, Joint Trial Board, and the Quality Control Standards Task Force. In 2010 and 2011 he received the Outstanding Discussion Leader Award.

Brand received his BS in accounting from the University of North Alabama.


Thu, Dec 01, 2022 - 10:00am to 06:02pm EST
Thu, Dec 01, 2022 - 02:00pm to 10:02pm EST
Thu, Dec 08, 2022 - 10:00am to 06:02pm EST
Thu, Dec 08, 2022 - 02:00pm to 10:02pm EST
Wed, Dec 28, 2022 - 10:00am to 06:02pm EST
Wed, Dec 28, 2022 - 02:00pm to 10:02pm EST
Thu, Jan 05, 2023 - 10:00am to 06:02pm EST
Thu, Jan 05, 2023 - 02:00pm to 10:02pm EST
Thu, Jan 12, 2023 - 10:00am to 06:02pm EST
Thu, Jan 12, 2023 - 02:00pm to 10:02pm EST

Additional Info

Basic Course Information



Advanced Preparation


Designed For CPAs in Public Practice and Industry
Original Recording Date 11/02/2022
Yellow Book


Course Developer

Business Professionals' Network (ACPEN)

Date Added to Catalog 02/09/2022

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.

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 submitted to the National Registry of CPE Sponsors through its website:

Instructional Delivery Method

Group Internet Based

Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Course Registration Requirements

Online Registration



Overall:      4.8

Total Reviews: 10


Browning H - DALLAS, Texas

"What a great class! "

Lisa D - Somerset, Kentucky

"Good panel of presenters with good discussions between each of them. This format makes the subject matter more informative."

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