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Live Webcast Replay

Cannabis Accounting & Attestation


Total Credits: 1 including 1 Accounting - Technical

Average Rating:
Not yet rated
Categories:
Partner Produced |  Accounting and Auditing
Speaker:
Kaleb M. Grapp
Course Levels:
Overview
Duration:
1 Hour
License:
Product Setting: Expires 30 day(s) after program date.

Dates


Description

Cannabis companies are subject to increased scrutiny of accounting records by multiple taxing agencies and the Cannabis Regulatory Agency. Don’t miss this opportunity to extract some documentation and accounting best practices, updated for 2023, that span the length of your budding business (or professional practice). We’ll also concentrate on the 2023 updated Annual Financial Statement, processing its nuances and changes. We’ll also provide a brief overview of the peer review process applicable to practitioners providing attest services and how to select a firm for your Annual Financial Statement. 

 

Basic Course Information

Learning Objectives
  • Obtain general knowledge of accounting best practices specific to licensed cannabis businesses in Michigan
  • Obtain a high-level understanding of the Annual Financial Statement (AFS) reporting

Major Subjects
  • Cannabis accounting best practices
  • State of Michigan sales and excise tax
  • Cannabis Regulatory Agency (CRA) annual financial statement reporting
  • Practitioner requirements and how to find a qualified firm

Course Materials

Speaker

Kaleb M. Grapp Related Seminars and Products


Kaleb has over a decade of experience in public accounting and has been a featured, regular speaker for the MICPA and Cannabis Regulatory Agency on cannabis topics, specifically accounting and Annual Financial Statement (“AFS”) best practices.  Kaleb serves clients by creating a foundation for reporting accuracy through internal control and compliance. Financial reporting accuracy, financial analysis, and attention to detail are just a few of the passions that Kaleb brings to his audit, tax, and small business clients.

Kaleb specializes in small-medium sized, closely held businesses, not-for-profit entities, and cannabis enterprises, serving clients nationwide.  Past experience with a leading top 25 firm led to the development of substantial skill in compliance auditing, including Single Audit Act compliance under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.

Kaleb’s experience includes serving a breadth of organizations of every size.  From small businesses to multi-million-dollar, multi-state operations, and everything in between.  Kaleb is an active member of the Association of Nonprofit Accountants and Finance Professionals, currently serving the AICPA Peer Review program by way of an appointment to the Michigan Peer Review Acceptance Body, and an active consultant for other professional service practices.   


Dates

Thu, Mar 20, 2025 - 01:30pm to 02:30pm EDT

Additional Info

Basic Course Information

Prerequisites

None


Advanced Preparation

None


Designed For CPAs, accounting and finance professionals that work for or within the Cannabis Industry or have an interest in entering the Cannabis industry
Original Recording Date 2/2025
Yellow Book

No


Course Developer

MICPA


Date Added to Catalog

03/18/2024


Additional Information

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 submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

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


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