Total Credits: 8 including 2 Accounting (Governmental) - Technical, 6 Auditing (Governmental) - Technical
Stay up-to-date on rapidly changing developments by participating in the 2017 Governmental Accounting and Auditing Update ACPEN broadcast! Take advantage of this opportunity to find out about breaking government issues. This is your opportunity to hear about the latest challenges facing governments and practitioners who work with them and audit them, presented by leading experts on governmental accounting and auditing, both those who work in the trenches and those from the regulatory world.
With all of the fiscal, regulatory, and new standards challenges facing governments and their auditors, it is important to keep current on critical issues and developments. From a governmental accounting, auditing, and compliance perspective, 2017 will be a critical year for implementing new standards and requirements! Plus, it is imperative that you start planning ahead for the significant changes coming in 2018 and beyond!
On the governmental accounting side, the GASB has issued an unprecedented number of standards in the last three years—issuing eight statements in 2015, four in 2016, and two (to date) in 2017. Plus, new standards on leases and debt extinguishments are expected to be released later in 2017. Now is the time to find out about the details on how these and other recently effective standards will affect governmental accounting and reporting. The ACPEN panel of experts can fill you in on all the latest details you need to know about critical new requirements, implementation issues, and developments.
Recently implemented pension standards continue to provide challenges and implementation of the complex new OPEB standards is coming soon! You’ll get the latest scoop on all the pension and OPEB issues from both the GASB and audit implementation sides—and hear about solutions to those issues. This is not the time to sit on the sidelines—plan and employer management and auditors need to hear the retrospective issues on pension standards and lay the groundwork to successfully meet the challenges associated with implementing complex OPEB and the latest pension standards.
On the audit side, governments and their auditors have continuing opportunities for learning more about the critical implementation issues for the various pension standards. Plus, auditors face continuing or new challenges in 2017 with implementation issues related to tax abatements, external investment pools, and omnibus provisions—all with a number of audit issues. Plus, now is the time for action to conquer critical implementation issues that affect both plans and employers relating to the OPEB standards. Also, you’ll find out about GAO’s proposed changes to the Yellow Book. At this year’s broadcast, it will be the perfect time to find out the details about how the latest auditing and reporting issues will affect your engagements and practice, including a discussion of crucial implementation issues for government audits.
For Single Audits, the ACPEN panel will cover topics that are relevant to single audits being performed NOW. Following current developments and using the most recent guidance is critical to conducting quality single audits. Hear the details on the latest single audit issues, including the OMB’s Uniform Guidance, the 2017 OMB Compliance Supplement, updates on Federal Audit Clearinghouse activities and the 2016 Data Collection Form, and the latest peer review findings relating to single audits.The ACPEN panel will highlight key implementation issues relating to the Uniform Guidance, as well as the latest guidance in the 2017 OMB Compliance Supplement on compliance requirements. It is critical that auditors understand how requirements have changed and how to effectively use the Compliance Supplement.
Finally, you’ll receive an update on the most recent accounting and auditing developments affecting governments and government auditors. This includes Single Audit issues, AICPA and Yellow Book implementation issues, new and recently effective GASB pronouncements, audit issues, and a look at what’s on the horizon. Join ACPEN’s panel of experts as they discuss, not only the technical requirements of new standards, but also the key implementation issues that must be addressed by auditors and their governmental clients! Benefit from their experience and insights from many perspectives, as well as their long experience in governmental accounting and auditing.
This broadcast is designed to provide CPE that meets the Yellow Book CPE criteria.
Faculty Interaction! With ACPEN courses, you may send questions to the panel in advance at Pre-CourseQuestions@ACPEN.com, and remember, participants can submit questions to the panel during the course and for two days after every ACPEN course, providing unparalleled faculty access!
*Review most recent governmental accounting and auditing developments
*Discuss the new and recently effective GASB pronouncements
*Find out about the requirements in challenging new standards on OPEB, tax abatement, investments pools, fiduciary activities, and other new GASB standards.
*Find out more about GASB’s many pension standards for plans and employers, and hear the details about critical implementation and audit issues for plans, employers, and auditors.
*Hear some hints on how to avoid pitfalls and prepare for a successful implementation of the new OPEB standards. (Hear the perspective from a seasoned government finance official that is leading the charge to help governments successfully conquer these complex new standards!)
*Find out about implementation issues related to OMB’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
*Hear about the most recent developments affecting single audits, including the 2017 OMB Compliance Supplement, as well as:
*Find out about key revisions proposed in the new exposure draft of Government Auditing Standards.
*Discover how new accounting and auditing standards will affect governments and your government practice, including common implementation issues, reporting issues, and best practices.
*Hear great insights on current audit issues.
*Get insights on developing effective controls for governments for the 21st Century.
*Hear guidance from experts on how to avoid common single audit deficiencies.
*Learn the most recent auditing standards, government and Yellow Book/single audit risk alerts, and the latest AICPA audit and accounting guides.
*Find out what GASB projects are on the horizon.
|Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (0.47 MB)||Available after Purchase|
|ACPEN_Signature_2017-Gov_Accounting_Auditing_Update-Manual (21.24 MB)||176 Pages||Available after Purchase|
|ACPEN_Signature_2017-Gov_Accounting_Auditing_Q&A (0.01 MB)||Available after Purchase|
|ACPEN-david_bean-updated-7-19-17.pdf (0.94 MB)||Available after Purchase|
Carole A. Burgess, CPA, is an Executive Editor of PPC products for the Tax & Accounting business of Thomson Reuters, in Fort Worth, Texas. She is an author of PPC’s Guide to Single Audits, PPC’s Guide to Preparing Governmental Financial Statements, PPC’s Governmental Financial Statement Illustrations and Trends, and PPC’s Guide to Religious Organizations, and a contributing author of other guides and continuing education courses. Carole is also the technical review editor of The PPC Nonprofit Update newsletter. Ms. Burgess’ experience prior to joining PPC includes eleven years in public practice with Deloitte & Touche, LLP, where she was a senior manager specializing in state and local governments and recognized nationally as a compliance audit specialist relating to the Single Audit Act. Carole is a frequent presenter to accounting and other professional organizations including the Texas Society of CPAs
Frank Crawford, CPA, is President of Crawford & Associates, P.C., Certified Public Accountants, an accounting firm located in Oklahoma City, Oklahoma. The firm specializes in providing auditing, consulting and accounting services solely to governmental entities. Over the last 25 years, Crawford & Associates has provided a variety of audit and accounting services to all sizes of government, including, but not limited to many types of financial audits and attestation services, planning and executing GASB 34 implementation plans, fraud investigations, internal control analysis, accounting policy and procedure development, contract internal auditing and internal monitoring, the development of management anti-fraud programs and controls, quality assurance reviews, training, capital asset record development and expert witness testimony. Mr. Crawford has served as the Chair of the AICPA Government Expert Panel and the Oklahoma Society of CPAs Government Accounting and Auditing Committee, and has also been involved in a number of other AICPA committees and task forces as they relate to governmental accounting and auditing, including the AICPA Governmental Accounting and Auditing Committee, the AICPA Government and Not-For-Profit Expert Panel, the AICPA Government Performance and Accountability Committee, and the AICPA GASB 34 Audit Guide Revision Task Force. Mr. Crawford is also currently the Chairman of the AICPA National Governmental Accounting and Conference Planning Task Force, and is also a member of the Planning Committee of the AICPA’s Government and Not-For-Profit Training Conference. Over the years, Mr. Crawford has assisted both the AICPA and GASB in the development of several implementation guides as a member of an advisory group, task force or technical content provider. His experience with GASB 34 implementation and audit issues dates back to June 30, 1999, as auditor of the first general-purpose government in the United States to implement the requirements of GASB 34. Mr. Crawford is also currently working with many of the U.S. territories, commonwealths and freely-associated states on audit finding resolution and financial analysis projects. Frank is a frequent lecturer, trainer and discussion leader for numerous groups, including U.S. Federal Government Agencies, CPA Firms and State Societies, and has appeared in several AICPA continuing professional education videos and live satellite CPE broadcasts and Webcasts produced by the Accounting Continuing Professional Education Network related to governmental accounting and auditing.
David R. Bean is the director of research and technical activities for the Governmental Accounting Standards Board. He assigns and provides oversight to the GASB’s research, technical, and administrative activities. Prior to joining the GASB in 1990, David worked in public accounting and government. He also has served as Deputy Chairman of the International Public Sector Accounting Standards Board (IPSASB). He was the lead author on the 1988 Governmental Accounting, Auditing and Financial Reporting and was the founder of the GAAFR Review. He was the last director of the National Council on Governmental Accounting before the formation of the GASB in 1984. David is a member of the Government Finance Officers Association, the Connecticut and Illinois Government Finance Officers Associations, the American Institute of Certified Public Accountants, the Illinois CPA Society, the Association of Government Accountants, the National Federation of Municipal Analysts, and the Municipal Analysts Group of New York.
William Blend, CPA, is a Shareholder and a member of Moore Stephens Lovelace, P.A. Governmental Practice Group (GPG). He is the firm’s Shareholder in charge of Quality Control. Bill has over 23 years of public and private sector accounting experience. The goal of the GPG is to work as a team to guarantee the success of our clients. Bill has performed audits on over 30 governmental entities including Counties, Municipalities, Utilities, Airports and Special Districts. He has been responsible for the planning of large, medium and small government audits. Through his career he has participated in all phases of an audit including; planning, performing, supervising, reviewing and preparing financial statements. He is qualified to perform audits in accordance with Government Auditing Standards, Federal Single Audit Uniform Guidance, and Florida Single Audit requirements. Beyond his qualifications for performing services for his governmental clients, he has also audited and performed consulting work for Not-for-Profit, Construction, Trucking, Health Care, and other Middle Market entities. Bill regularly performs training for organizations such as the FICPA, FGFOA, and internal MSL continuing education courses. He has been recognized by the FICPA as Outstanding Discussion Leader four times. He has also spoken in other States such as Massachusetts, Georgia, and Iowa. Bill authored the AICP’s yellow book update CPE session in 2015 and 2016. Bill is also a certified fraud examiner. He has investigated cases involving business fraud and has testified in court cases. Bill is also trained in the use of IDEA data mining software.
Bob Scott, CPA, is Chief Financial Officer/Assistant City Manager for the City of Carrollton, where he has responsibility for all aspects of the City?s financial operations. He has a Masters degree in Accounting and a Bachelor of Science degree in Political Science from Texas Tech University. Mr. Scott began his career in public accounting, ultimately serving as an audit manager with responsibility for a large number of governmental clients. While in public accounting, he was designated by his firm as a specialist in state and local government and served a two-year practice fellowship with the Governmental Accounting Standards Board. Mr. Scott has extensive experience in accounting and financial reporting issues having recently served on the review committee for both GASB?s GASB 34 implementation guide and the GFOA?s new ?Governmental Accounting, Auditing, and Financial Reporting? (known as the ?Blue Book?). He currently serves as Vice Chairman for the GFOA?s Committee on Accounting Auditing and Financial Reporting and has served in the past on the Governmental Accounting Advisory Committee (GASAC) and the AICPA?s Governmental Accounting and Auditing Committee (GAAC). He also has a great interest and personal experience in improving organizational performance. Mr. Scott is an active lecturer for the Government Finance Officers Association, the American Institute of Certified Public Accountants and the Southwest School of Governmental Finance, and has also co-authored several professional journal articles. He is an active member of the Government Finance Officers Association, American Institute of Certified Public Accountants, and various other professional organizations.
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