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Yellow Book Governmental Auditing Standards - 24 Hour Micro-Credential Program


Total Credits: 24

Average Rating:
   69
Categories:
Accounting and Auditing |  Yellow Book
Speakers:
Frank Crawford, CPA |  Joel Black, CPA |  David L. Cotton, CPA, CFE, CGFM |  William Blend, CPA |  Carole A. Burgess, CPA |  Robert Scott, CPA |  Lindsey Kennimer, CPA |  Raymond Krouse, CPA |  Christopher Pembrook, CPA, MBA, CGAP, CRFA |  Tammie Brown, CPA
Course Levels:
Intermediate
Duration:
24 Hours
License:
Never expires.


Description

Welcome to the ACPEN Yellowbook Micro-Credential. This program will award you all 24 hours of Governmental CPE so you can be Yellowbook compliant. 

In order to successfully complete this program, there are 6 required sessions and a final exam to test competency. The sessions are scheduled in order and there are many date/time options that you may choose from for each session. This group of courses will address the following concepts: 

  • Learn about the similarities between all three GASB accounting standards that deal with contractual arrangements such as leases, Subscription-Based Information Technology Arrangements (SBITA) and P3s.  Compare and contrast these standards as you prepare for implementation this year of GASB 94 and GASB 96, and review the implementation efforts of Leases in Year 2. 
  • Take a whirlwind tour of governmental accounting basics while focusing on wetting the participant’s appetite for more. 
  • Stay up-to-date on rapidly changing developments by participating in the 2024 Governmental Accounting and Auditing Update! 
  • Learn about Common Audit and Financial Reporting Deficiencies in State and Local Governments.
  • Learn how to simplify the requirements using common sense examples and language. 
  • Learn what you need to know if you are performing audits under these audit standards and the Uniform Guidance for Federal Awards. 

 The sessions included are as follows:  GASB 96 –SBITA, GASB 94 P3, and GASB 87 Leases (Year 2), Governmental Accounting 101, ACPEN Signature 2024: Governmental Accounting & Auditing Update, Common Audit and Financial Reporting Deficiencies in State and Local Governments, Audit Risk Assessment in Plain English, and ACPEN Signature 2024: Single Audit and Uniform Guidance Issues Update

Basic Course Information

Learning Objectives
  • Understand the key provisions and requirements of GASB 96, GASB 94, and GASB 87.
  • Identify the similarities and differences between GASB 96, GASB 94, and GASB 87
  • Learn how to effectively navigate the implementation process  of GASB 94 and 96 and ensure compliance with the requirements.
  • Participants will acquire a solid understanding of the unique characteristics, concepts, and terminology associated with governmental accounting.
  • Understand the fundamentals of governmental financial statements.
  • Understand compliance requirements specific to g
  • Governmental entities, including the Single Audit Act, and gain insights into the auditing standards, procedures, and best practices applicable to governmental accounting.
  • Review the most recent governmental accounting and auditing developments
  • Discuss the new and recently effective GASB pronouncements
  • Discuss the most recent Single Audit developments
  • Identify common deficiencies in both the preparation of, and audit of, annual financial statements.
  • Learn to recognize and analyze the most prevalent mistakes made by both auditors and accountants in the preparation and audit of financial statements of state and local governments. 
  • Develop an understanding of the audit standards that govern the auditing of financial statements for state and local governments, such as those set by the AICPA, GAO, and Single Audit. 
  • Understand the AICPA's clarified risk assessment standards and their importance in the auditing process.
  • Familiarize oneself with the key components of the new Statement on Auditing Standard (SAS 145) related to understanding the entity, the entity's environment, the entity's internal controls, and assessing the risks of material misstatement.
  • Develop an understanding of the relationship between audit risk assessment and the overall audit strategy.

Major Subjects
  • Requirements of GASB 96, GASB 94, and GASB 87
  • Implementation of GASB 96, 94 and 87
  • Fund Types
  • Budgetary Accounting
  • Financial Reporting Requirements
  • Single Audit Act
  • Audit Standards and Procedures
  • Best Practices in Governmental Accounting
  • GASB Pronouncements  
  • Single Audit Issues  
  • Yellow Book Issues  
  • Audit Issues   
  • Pandemic and Federal Funding Challenges
  • Financial Statement Preparation
  • Common Mistakes made in Preparing Financial Statements
  • GASB Financial Statement Preparation Standards
  • Overview of Audit Risk Assessment
  • AICPA's clarified Risk Assessment Standards
  • SAS 145
  • Assessing the Entity's Environment

Course Materials

Speaker

Frank Crawford, CPA's Profile

Frank Crawford, CPA Related Seminars and Products

Crawford & Associates, P.C.


Frank Crawford, CPA, 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 AICPA and the AICPA Government Audit Quality Center. Over the last 39 years, Crawford & Associates has provided a variety of audit and accounting services to all sizes of government including many types of financial statement audits and attestation services, fraud investigations, internal control analysis, accounting policy and procedure development, outsourced internal auditing and internal monitoring, developing management anti-fraud programs and controls, quality assurance reviews, training, and expert witness services. 

 

Mr. Crawford was the recipient of the Association of Government Accountants (AGA) 2014 Private Sector Financial Excellence Award, an annual recognition of one individual who has been deemed by the AGA to have made significant contributions to the field of governmental financial management.  Frank was also recognized as a recipient of the U.S Graduate School’s “2010 Instructor Excellence Award”. Quoting the U.S. Graduate School officials, “Your students and colleagues, as well as Graduate School Staff, honour and value the work that you do here, as evidenced by the many statements of support that praised your skills. Of the School’s 800+ instructors, you are one of only thirteen who will receive this prestigious award this year.” 

 

In 2012, Mr. Crawford completed a 4 year term as Chairman of the AICPA Government Expert Panel after serving on the Panel for 11 years, and is currently the Chairman of the Oklahoma Society of CPAs Government Accounting and Auditing Committee (27 years), 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, the AICPA GASB 34 Audit Guide Revision Task Force, and the GASB’s recent Financial Reporting Model revision Task Force. In 2015, Mr. Crawford completed a 4 year term as Chairman of the AICPA’s annual Government and Not-For- Profit Training Conference after serving on the Planning Task Force of the Conference for 18 years. 

 

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 US states, territories, commonwealths and freely-associated compact governments on audit finding resolution and financial analysis projects and also serves as a technical consultant and advisor to a number of Federal Government Agencies.  Frank is a frequent lecturer, trainer and discussion leader for numerous groups, including U.S. Federal Government Agencies, various local and national CPA firms, a number of State Societies, and has also appeared in several AICPA continuing professional education videos and live CPE broadcasts and webcasts related to governmental accounting and auditing. 

 

Commonly known as Frankie to clients, friends and family, and Pappy to his two grandchildren, Mr. Crawford has two children and two grandchildren, daughter Madison and husband Jon, son Blake, 5 year old grandson Brody, and 3 year old granddaughter Brenley. Mr. Crawford also has the good fortune to be married to Cindy Crawford (not the supermodel, but better). 
 


Joel Black, CPA's Profile

Joel Black, CPA Related Seminars and Products

Chairman

Governmental Accounting Standards Board (GASB)


Joel Black was named chairman of the Governmental Accounting Standards Board, effective July 1, 2020. Joel came to the GASB after almost 16 years as a partner at Mauldin & Jenkins in Atlanta where he was the partner in charge of the firm’s audit practice at the time of his departure. Prior to Mauldin & Jenkins, Joel worked for 12 years at KPMG, LLP. During his experience in public accounting, he exclusively served state and local government clients leading audits and financial statement preparation engagements.

Joel previously served on the Governmental Accounting Standards Advisory Council, the AICPA’s State and Local Government Expert Panel, and the executive committee of the AICPA’s Government Audit Quality Center.

Joel graduated from Georgia State University and is a Certified Public Accountant.


David L. Cotton, CPA, CFE, CGFM's Profile

David L. Cotton, CPA, CFE, CGFM Related Seminars and Products

Chairman of Cotton & Company LLP


David L. Cotton, CPA, CFE, CGFM, is an accountant with Cotton, a Sikich Company, headquartered in Alexandria, Virginia. He has performed grant and contract, indirect cost rate, financial statement, financial related, and performance audits for more than two dozen Federal inspectors general as well as numerous other Federal and State agencies and programs.

Dave received a BS in mechanical engineering (1971) and an MBA in management science and labor relations (1972) from Lehigh University in Bethlehem, PA. He also pursued graduate studies in accounting and auditing at the University of Chicago Graduate School of Business (1977 to 1978).

Dave served on the Advisory Council on Government Auditing Standards (the Council advises the United States Comptroller General on promulgation of Government Auditing Standards—GAO’s yellow book) from 2006 to 2009. He served on the Institute of Internal Auditors (IIA) Anti-Fraud Programs and Controls Task Force and co-authored Managing the Business Risk of Fraud: A Practical Guide. He served on the American Institute of CPAs Anti-Fraud Task Force and co-authored Management Override: The Achilles Heel of Fraud Prevention.

Dave is the past-chair of the AICPA Federal Accounting and Auditing Subcommittee and has served on the AICPA Governmental Accounting and Auditing Committee and the Government Technical Standards Subcommittee of the AICPA Professional Ethics Executive Committee.

Dave chaired the Fraud Risk Management Task Force, sponsored by COSO and ACFE and is a principal author of the COSO-ACFE Fraud Risk Management Guide. Dave has testified as an expert in governmental accounting, auditing, and fraud issues before the United States Court of Federal Claims and other administrative and judicial bodies. He has been an instructor for the George Washington University masters of accountancy program (Fraud Examination and Forensic Accounting), and has instructed for the George Mason University Small Business Development Center (Fundamentals of Accounting for Government Contracts).

Dave was the recipient of the ACFE 2018 Certified Fraud Examiner of the Year Award (“presented to a CFE who has demonstrated outstanding achievement in the field of 2 fraud examination … based on their contributions to the ACFE, to the profession, and to the community”).

 


William Blend, CPA's Profile

William Blend, CPA Related Seminars and Products


William Blend, CPA, CFE, heads MSL’s Governmental Practice Group. He has over 30 years of public accounting experience. This experience includes extensive work in auditing and consulting with governmental entities including municipalities, counties, school boards, and special districts. He is a Certified Fraud Examiner. He has performed multiple litigation and consulting engagements involving fraud and other forensic accounting issues. Bill Is a member of the Florida Board of Accountancy and currently serves at the Board Chair. He is also a member of the AICPA State & Local Government Expert Panel. He’s authored numerous CPE courses and has instructed CPE sponsored by the AICPA, FGFOA, the FICPA, and others, including ACPEN.


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 Carrollton, 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.    


Robert Scott, CPA's Profile

Robert Scott, CPA Related Seminars and Products


Bob Scott, CPA is Executive Director of Administrative Services for the Town of Prosper, Texas where his responsibilities include all aspects of the City’s financial operations, Information Technology, Human Resources, Municipal Court and Utility Customer Service.  Mr. Scott, a CPA, began his career in public accounting, ultimately serving as an audit manager with responsibility for numerous local government clients. He has extensive experience in accounting and financial reporting issues having served on various GASB review committees and taskforces including the pension taskforce. He has been active in GFOA for many years serving both as Chairman of the Committee for Accounting Auditing and Financial Reporting and on the GFOA Executive Board.   Also, as an active member of the AICPA, he has served as a member of the State and Local Government Expert Panel and has authored the AICPA course:  GASB 68 Pension Accounting and Auditing Seminar. In 2008 the AICPA named him the outstanding CPA in local government.  At the state level, he has twice received GFOA of Texas Outstanding Finance Officer Award and is a Past President.  He currently serves as a Trustee for the Texas Municipal Retirement System. 


Lindsey Kennimer, CPA's Profile

Lindsey Kennimer, CPA Related Seminars and Products


Lindsey Kennimer is an Audit Partner at Snow Garrett Williams, a local public accounting firm in Weatherford, Texas. Lindsey has over 17 years of experience performing audits of local governments, specifically audits of Texas independent school districts, including extensive experience in single audits and was awarded the AICPA’s Advanced Single Audit Certificate. Lindsey also performs peer reviews of other CPA firms throughout the State of Texas through the AICPA's peer review program and serves as a subject matter expert performing enhanced oversight reviews of Government Auditing Standards/Single Audit engagements reviewed during a firm's peer review for the AICPA's Oversight Task Force. She is currently serving on the TXCPA Planning Committee for the Texas School District Accounting and Auditing Conference and Professional Standards Committee, the GFOA Special Review Committee, TASBO Accounting Research Committee, and the AICPA Government Audit Quality Center (GAQC) Executive Committee.


Raymond Krouse, CPA's Profile

Raymond Krouse, CPA Related Seminars and Products

Partner

Not-for-Profit and Higher Education Practices


Raymond E. Krouse, Jr., CPA, is a partner on Sikich's not-for-profit and higher education practices team. Ray has more than 25 years of public accounting experience. He has extensive experience in providing audit and consulting services to a wide variety of not-for-profit clients, including colleges and universities, voluntary health and welfare organizations, fraternal and other member organizations and private foundations. In addition, Ray specializes in the areas of Uniform Guidance and Student Financial Aid testing. He has significant experience with the Student Financial Aid requirements and serves as a technical resource for all college and university audits.


Christopher Pembrook, CPA, MBA, CGAP, CRFA's Profile

Christopher Pembrook, CPA, MBA, CGAP, CRFA Related Seminars and Products

Crawford & Associates, P.C.


Christopher Pembrook is a Certified Public Accountant, Certified Government Auditing Professional, and Certified Forensic Accountant who joined Crawford & Associates in September 2011. He has a degree in accounting from East Central University and an MBA from Oklahoma Christian University. Prior to joining the firm, he served as the Chief Financial Officer of the Oklahoma Police Pension & Retirement System. He also worked for the Oklahoma State Auditor’s Office for seven years, serving two of the years as the Deputy Director of the Local Government and Special Services Division. He currently serves as a committee member of the AICPA State and Local Government Expert Panel and the Oklahoma Society of CPA’s Government Accounting & Auditing Committee. He was also selected to serve on the joint COSO-ACFE Task Force for the development of the group’s Fraud Risk Management Guide. Christopher was named an OSCPA Trailblazer in 2016. Chris became a Crawford & Associates shareholder in 2017.



Additional Info

Basic Course Information

Prerequisites

None


Advanced Preparation

None


Designed For

Anyone interested in earning a Yellowbook Micro-Credential


Original Recording Date 2023
Yellow Book

No


Course Developer

BPN


Date Added to Catalog

03/06/2024


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. 


Reviews

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Overall:      4.8

Total Reviews: 69

Comments

Miorin P - Virginia

"Two great presenters !! "

Timothy J - WDM, Iowa

"Great Job"

Timothy J - WDM, Iowa

"Excellent job. Information was very helpful for accountants who are just starting out."