Governmental Accounting and Auditing Update Conference 2019

Aug 11, 2019 ‐ Aug 12, 2019

Our in-depth sessions at this year’s AICPA Governmental Accounting and Auditing Update will target questions and issues specific to your area of expertise, whether at the federal, state or local level.

Attend in Washington or via webcast for updates direct from key government officials and policymakers.

This August, GAAC will provide in-depth technical guidance and strategy updates. Extensive on-site networking opportunities and engagement forums for online attendees, also will connect you with peers, for a consensus-building approach to solving challenges.

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately. 

Packages Display Packages

This includes sessions from the conference: Governmental Accounting and Auditing Update Conference 2019

Sessions Included:

Welcome & Introduction | Presentation of the Outstanding CPA in Government Award | Economic and Political Update (Aug 12, 2019 07:00 AM)

Single Audit Findings (Aug 12, 2019 09:55 AM)

The Latest on Single Audits and the Compliance Supplement (Repeated in GAE1929) (Aug 12, 2019 12:15 PM)

CIGIE Update (Aug 12, 2019 01:50 PM)

2019 Data Collection Form and Federal Audit Clearinghouse Update (Aug 12, 2019 01:50 PM)

Presenting to Governing Bodies (Aug 12, 2019 01:50 PM)

Remediating DOD's Audit Findings - A Long-Term View (Aug 12, 2019 03:15 PM)

Risk Assessment for Audits of State and Local Governments (Aug 12, 2019 03:15 PM)

Fiduciary Practicalities (Repeated in GAE1927) (Aug 12, 2019 03:15 PM)

SLG Ethics Update (Aug 13, 2019 06:00 AM)

Auditor’s Role in Cybersecurity Risk Management (Aug 13, 2019 06:00 AM)

Morning Announcements & Introduction | Blinded by the Hype (Aug 13, 2019 07:00 AM)

Yellow Book Independence (Aug 13, 2019 08:45 AM)

General Controls Over IT - A COSO Priority (Aug 13, 2019 08:45 AM)

OMB President's Management Agenda Update (Aug 13, 2019 10:10 AM)

Lightning Round Issues for Government Audits (Aug 13, 2019 10:10 AM)

Lesson Learned in Dealing wth Actuaries (Aug 13, 2019 10:10 AM)

Internal Controls in the Single Audit - Focus on Quality (Aug 13, 2019 12:25 PM)

Fiduciary Practicalities (Repeat of GAE1914) (Aug 13, 2019 12:25 PM)

The Latest on Single Audits and the Compliance Supplement (Repeat of GAE1907) (Aug 13, 2019 02:00 PM)

Attracting & Retaining Talent (Aug 13, 2019 03:25 PM)

Standard: $ 379.00


Welcome & Introduction | Presentation of the Outstanding CPA in Government Award | Economic and Political Update

Aug 12, 2019 7:00am ‐ Aug 12, 2019 8:40am

Identification: GAE1901

As senior editor and correspondent on NPR’s Washington Desk, Ron Elving covers the stories, the issues, and the people driving Washington decision-making. In his engaging style, Ron will discuss where things stand on the Hill, in the Executive Branch and in the broader body politic.

  • Ron Elving, Senior Washington Editor, National Public Radio


Standard: $ 49.00

Single Audit Findings iconSingle Audit Findings

Preview Available

Single Audit Findings

Aug 12, 2019 9:55am ‐ Aug 12, 2019 11:15am

Identification: GAE1904

This session will focus on evaluating errors in single audits, including what should be a written finding in the audit and how to write effective findings.

  • Indicate changes introduced by recently issued pronouncements, including implementation issues.
  • Apply professional judgment regarding errors in single audit testing.
  • Formulate and write effective single audit findings.

Standard: $ 49.00

The Latest on Single Audits and the Compliance Supplement (Repeated in GAE1929)

Aug 12, 2019 12:15pm ‐ Aug 12, 2019 1:30pm

Identification: GAE1907

This session will provide an overview of what is happening in the single audit arena. You will learn about the:

  • 2019 OMB Compliance Supplement;
  • latest Uniform Guidance and single audit developments,
  • news from the Governmental Audit Quality Center; and
  • the single audit landscape looking forward
  • 2019 OMB Compliance Supplement;
  • Latest Uniform Guidance and single audit developments,
  • News from the Governmental Audit Quality Center; and
  • The single audit landscape looking forward.

Learning Objectives:

  • Evaluate the 2019 Compliance Supplement
  • Interpret the latest single audit developments for your clients
  • Predict expected future single audit activities

Standard: $ 49.00

CIGIE Update iconCIGIE Update

Preview Available

CIGIE Update

Aug 12, 2019 1:50pm ‐ Aug 12, 2019 3:05pm

Identification: GAE1909

The Federal Audit Executive Council (FAEC) is one of several working groups under the Council of the Inspectors General on Integrity and Efficiency (CIGIE). FAEC’s role is to coordinate on issues that affect the Federal audit community. Chair, Dr. Brett Baker, leads the FAEC in addressing some recent matters of common interest:

  • OIG community cross-cutting projects to address government-wide risks
  • DATA Act
  • Audit policy
  • Financial statements
  • Information technology
  • Data analytics and improper payments.

Learning Objectives:

  • Session participants will learn more about: Risk areas that the federal audit community is closely monitoring.
  • DATA Act audits and coordination efforts with policy makers.
  • Audit community efforts to address changes to Government Auditing Standards.

  • Brett Baker, PhD, CPA, CISA, Inspector General, National Archives


Standard: $ 49.00

2019 Data Collection Form and Federal Audit Clearinghouse Update

Aug 12, 2019 1:50pm ‐ Aug 12, 2019 3:05pm

Identification: GAE1910

This session is intended to provide attendees with key insights, tips, and best practices on the latest updates to the Data Collection Form (DCF) and related instructions issued by the Federal Audit Clearinghouse (FAC). Participants will learn important information on the following:

  • Changes and updates to the DCF.
  • Best practices for auditees and auditors relating to completing, reviewing and submitting the DCF.
  • How an auditor can use the FAC database for monitoring single audit quality.

Learning Objectives:

  • Identify changes and updates to the DCF.
  • Choose from various tips and best practices for completion and submission of the DCF to avoid common errors.
  • Apply information from the session to your questions about the new form and have them answered.

  • John R. Good, CPA, Managing Director, Ernst & Young
  • Teresa Bordeaux, CPA, CGMA, Senior Manager — Governmental Accounting & Auditing — Public Accounting, AICPA
Standard: $ 49.00

Presenting to Governing Bodies iconPresenting to Governing Bodies

Preview Available

Presenting to Governing Bodies

Aug 12, 2019 1:50pm ‐ Aug 12, 2019 3:05pm

Identification: GAE1911

Delivering the audit results to the governing body can pose many challenges depending on the size and knowledge base of the audience. Whether you are communicating to a large city or regional council or a small governing board, this session will provide an experienced perspective on how to deliver audit results succinctly and leave a positive impression on the Governing Body.

  • Determine the best way to deliver an impactful audit presentation to the governing body to ensure they understand the objectives and results of the audit.
  • Apply several examples of how best to deliver information to educate the governing body.
  • Recognize the climate of the entity to deliver difficult information and navigate through committee and board questions in a highly charged environment.
  • Determine the appropriate resources/tools and information to provide to those charged with governance when confronted with different factors and varying situations.

Standard: $ 49.00

Remediating DOD's Audit Findings - A Long-Term View

Aug 12, 2019 3:15pm ‐ Aug 12, 2019 4:30pm

Identification: GAE1912

The Department of Defense achieved a critical milestone in November 2018: undergoing its first full financial statement audit and meeting a key congressional mandate. DOD did not expect to receive an opinion on its financial statements. The DOD Comptroller has remarked that implementing all the process and system changes necessary to pass the audit will take time and recognizes the issuance of notices of findings and recommendations (NFR) as a major outcome of the audit. The department’s success in improving its financial management and audit readiness will be measured by progress in remediating deficiencies noted in the NFRs.

  • Recall DOD’s current efforts and plans for: remediating audit findings, prioritizing corrective actions, and other approaches to providing reliable data for decision making.
  • Indicate DOD's plans to prepare auditable financial statements and for addressing the NFRs.
  • Estimate how the remediation activity will impact future audits.
  • Estimate the length of time before the remediation impacts DOD’s financial management operation and DOD’s mission.



Standard: $ 49.00

Risk Assessment for Audits of State and Local Governments

Aug 12, 2019 3:15pm ‐ Aug 12, 2019 4:30pm

Identification: GAE1913

How risk assessments are performed in the audit of financial statements has been challenged recently. As you prepare for the upcoming audit season or your next peer review, know that how your audit team performs risk assessments will be scrutinized. This session will provide a refresher on the audit risk assessment standards with some specific thoughts on application for state and local governments.

  • Recall concept and auditing standards on risk assessment.
  • Apply the risk assessment standards to the audit of state and local governments.

Standard: $ 49.00

Fiduciary Practicalities (Repeated in GAE1927)

Aug 12, 2019 3:15pm ‐ Aug 12, 2019 4:30pm

Identification: GAE1914

This session will take a deep dive into GASB 84, Fiduciary Activities, walking through various transactions and analyzing how GASB 84 might apply, keeping in mind not only the standard itself but also the related implementation guide. The session will also outline reporting considerations as well as potential audit-related considerations to consider with the adoption of this new standard.

  • Identify fiduciary activities.
  • Analyze potential changes to the reporting entity.
  • Determine appropriate reporting.

Standard: $ 49.00

SLG Ethics Update iconSLG Ethics Update

Preview Available

SLG Ethics Update

Aug 13, 2019 6:00am ‐ Aug 13, 2019 6:50am

Identification: GAE1916

Update on independence and ethics for government audits.

  • Identify new independence standards for government audits.
  • Apply new independence standards to their government audits.

Standard: $ 49.00