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Live Webcast Replay

ACPEN Signature: 2020 Governmental Accounting & Auditing Update


Total Credits: 8 including 8 Accounting (Governmental) - Technical

Average Rating:
   4.7
Category:
Accounting and Auditing |  ACPEN Signature
Faculty:
Carole A. Burgess, CPA |  Frank Crawford, CPA |  Robert Scott |  David R. Bean, CPA |  Ben Kohnle, CPA, Partner
Course Levels:
Update
Duration:
8 Hours
License:

Dates


Description

Stay up-to-date on rapidly changing developments by participating in the 2020 Governmental Accounting and Auditing Update! Take advantage of this opportunity to find out about breaking government issues. This is your opportunity to hear about the latest challenges facing state and local 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. In 2020, governments and their auditors are operating in a rapidly changing environment as they face the many challenges associated with the COVID-19 pandemic. From a governmental accounting, auditing, and compliance perspective, 2020 will be a critical year for addressing the complex pandemic-related challenges as well as focusing on implementing new standards and requirements! Plus, it is imperative that you start planning for the significant changes coming in 2021 and beyond! Hear our important new hot topic for 2020 on addressing key challenges (including accounting, control, operations, auditing, federal funding, compliance, reporting) related to the COVID-19 pandemic! Other exciting new topics this year include focused discussions on implementing GASB’s fiduciary activities and lease standards and GAO’s 2018 Yellow Book!

 

GASB has issued an unprecedented number of standards in the last several years—issuing 20 statements in 2015–2019 and 6 statements, so far, in 2020. Among the new standards, GASB Statement No. 95 provides temporary relief from certain newer accounting and financial reporting requirements to governments due to the COVID-19 pandemic by postponing the effective dates of certain GASB standards. GASB has also provided guidance and tools addressing pandemic-related accounting issues. Now is the time to find out about the details on how these and other recently effective guidance 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.

 

It is time to implement GASB’s standard on fiduciary activities, and implementation of the complex new lease standard is coming soon! You’ll get the latest scoop on all the new standards from both the GASB, preparer, and audit implementation sides—and hear about solutions to those issues. Now is the time to find out about the details on how these and other recently effective standards will affect governmental accounting and reporting.

 

2020 is also the time to focus on preparing to implement GASB’s new lease standards! GASB’s new lease standards significantly change the existing lease guidance for governments. It is imperative that government finance officials and their auditors understand how GASB Statement No. 87 and related implementation guide questions and answers will affect accounting for leases and the effect on governmental reporting. Now is the time to find out about implementation challenges and to start planning a strategy on how to conquer those critical implementation issues!

 

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. In addition to providing you with the latest information about the effect of the COVID-19 pandemic on single audits, the ACPEN panel will highlight key issues relating to the Uniform Guidance, the 2020 OMB Compliance Supplement (including the 6-requirement mandate, changes to Part 3, and COVID-19 program/compliance issues), changes in the recently updated Data Collection Form, the updated Audit Guide, and the latest audit quality findings relating to single audits. 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.

Basic Course Information

Learning Objectives
  • Review most recent governmental accounting and auditing developments
  • Discuss the new and recently effective GASB pronouncements

Major Subjects
  • Find out about the requirements in challenging new standards on fiduciary activities, debt disclosures, leases, and other new GASB standards.
  • Hear detailed information on GASBS No. 95, Postponement of the Effective Dates of Certain Authoritative Guidance, and the revised effective dates for many complex standards.
  • Hear some hints on how to avoid pitfalls and prepare for a successful implementation of the new fiduciary activities and lease standards. (Hear the perspectives from a seasoned government finance official, auditors, and a standard-setter that want to help you successfully conquer these complex new standards!)
  • Find out the details about critical implementation and audit issues for governments and auditors tackling other new GASB standards.
  • Hear the latest about hot audit topics, including audit issues relating to the COVID-19 pandemic!
  • Hear information about current accounting, auditing, and operational issues affecting governments and their auditors, including pandemic-related issues.
  • Hear about the most recent developments affecting single audits, including the 2020 OMB Compliance Supplement, as well as:
    • Guidance from the AICPA, OMB, and other agencies about the treatment of COVID-19 funding, information of which funding is subject to Uniform Guidance requirements, treatment of funding on the SEFA, deferrals, and an expected COVID addendum to the 2020 Compliance Supplement.
    • The latest guidance on compliance requirements and single audit reporting.
    • Changes to the 2020 Compliance Supplement, including the continuing 6-requirement mandate, changes to Part 3, COVID-19 programs, and the latest information on procurement and other issues.
    • Updates on Federal Audit Clearinghouse activities and the Data Collection Form.
    • Single audit quality issues (including recent audit quality findings).
  • Discover the details about key revisions in Government Auditing Standards, 2018 Revision (2018 Yellow Book) and gain insights on how its provisions will impact your practice.
  • Discover how new accounting and auditing standards will affect governments and your government practice, including common implementation issues, reporting issues, and best practices.
  • 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, with a focus on the reporting model project.

Course Materials

Faculty

Carole A. Burgess, CPA Related seminars and products


Carole A. Burgess, CPA, is an Executive Editor of PPC products for the Tax & Accounting business of Thomson Reuters, in Dallas, 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's Profile

Frank Crawford, CPA Related seminars and products

Crawford & Associates, P.C.


Frank Crawford is President of Crawford & Associates, P.C., Certified Public Accountants, an accounting firm located in Oklahoma City, OK.  The firm specializes in providing auditing, consulting and accounting services solely to governmental entities and is a member of the American Institute of Certified Public Accountants (AICPA), the AICPA Government Audit Quality Center, and former Chair of the AICPA Government Expert Panel.  Over the last 35 years, Frank, as President of Crawford & Associates, has provided a variety of audit and accounting services to all sizes and types of governmental entities, including financial statement audits and attestation services, non-attestation services such as financial statement preparation services, general accounting and advisory services, fraud investigations, internal control analysis, accounting policy and procedure development, outsourced internal auditing and internal monitoring, the development of management anti-fraud programs and controls, quality assurance reviews, training, and expert witness testimonies. 


Robert Scott Related seminars and products


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.


David R. Bean, CPA Related seminars and products


David R. Bean, CPA, is the chief executive officer of Governmental Accounting Research, LLC, a consulting and training firm dedicated to public sector accounting and financial reporting activities.  Prior to his retirement from the Governmental Accounting Standards Board (GASB) in March 2021, David served as the GASB director of research and technical activities over 30 years. 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 (Blue Book) and was the founder of the GAAFR Review newsletter. 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. 



Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For Industry and Public Practice
Original Recording Date 07/22/2020
Yellow Book Yes
Course Developer Business Professionals' Network, Inc.
Date Added to Catalog 01/17/2020

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
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.
Course Registration Requirements Online Registration

Reviews

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Overall:      4.7

Total Reviews: 115

Comments

James H

"Very Good streaming of audio and video with no issues. "

Cole H

"Have this particular set of individuals back again. They worked wonderfully together."

Amy G - Pflugerville,, Texas

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Matt B - Bettendorf, Iowa

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Tamieka Y

"This is my first time participating via individual webinar which was very convenient."

Michael R - Belton, Texas

"Great as usual! Keep bringing this back each year."

SANDRA G - Watauga, Texas

"Great presentations and very useful information. All presenters very knowledgeable and I liked the roundtable format."

Matthew C - Greenville, Texas

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Melissa L

"The course is always the BEST CPE of the year that I take. "

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