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. 


Auditor’s Role in Cybersecurity Risk Management

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

Identification: GAE1917

You continue to hear about cybersecurity and risk management when it comes to your audits. Yet, what are the next steps once you’ve inquired about a client’s risk management plan? Better yet, what are the next steps when you find out there is no plan? This session will provide insight into how and why CPAs and accounting professionals should be involved in these inquiries and processes. Cybersecurity risk management best practices, frameworks, and how to tie these into strategic initiatives will be discussed.

  • Recognize the importance of an auditor’s role in evaluating a client’s cybersecurity risk management system and process.
  • Select proper audit procedures that fall under an auditor’s responsibility to test cybersecurity.
  • Recall cybersecurity frameworks and how these should be used in strategic planning.

  • Steven Ursillo, CPA, CISA, CISSP, CCSFP, Partner | National Leader Information Assurance and Cybersecurity, Cherry Bekaert LLP
Standard: $ 49.00

Morning Announcements & Introduction | Blinded by the Hype

Aug 13, 2019 7:00am ‐ Aug 13, 2019 8:25am

Identification: GAE1918

There's a lot of talk right now about the pace of change, technological advancements, and all sorts of buzzwords like AI, RPA, neural networks. Most of us accountants, though, tend to either ignore the inevitable or go all in certain innovations we don't fully understand. In this session, we'll discuss some common pains, pleasures and pitfalls in actually implementing some of these technologies to make sure that any initiatives you undertake have the best chance possible of succeeding.

  • List several common problems organizations face when trying to implement a new technology or run a pilot program.
  • Distinguish between push and pull innovation.
  • Create a process for determining the technologies and advancements that will most likely have a significant impact on your organization.



Standard: $ 49.00

Yellow Book Independence iconYellow Book Independence

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Yellow Book Independence

Aug 13, 2019 8:45am ‐ Aug 13, 2019 10:00am

Identification: GAE1920

New 2018 Yellow Book Independence Standards

  • Identify new Yellow Book standards to apply to government audits
  • Apply new Yellow Book standards to government audits

Standard: $ 49.00

General Controls Over IT - A COSO Priority

Aug 13, 2019 8:45am ‐ Aug 13, 2019 10:00am

Identification: GAE1921

In the 2013 revision of the Internal Control Framework, COSO singled out General Controls over IT as a point of emphasis. This session will share resources available to governments and their auditors to aid them in focusing on these controls and methods for ensuring that an organization has strong General Controls over IT.

  • Select the types of general controls that should exist within a government's IT department.
  • Identify resources and techniques for strengthening a government's general control over IT.

  • Robert Scott, CPA, Chief Financial Officer/Assistant City Manager, City of Carrollton, TX
  • George D. Strudgeon, CPA, CGFM, CGMA, MBA, Audit Director, Virginia Auditor of Public Accounts
  • Benjamin Gilbert, Cybersecurity Advisor, Region III, DHS Cybersecurity and Infrastructure Security Agency
Standard: $ 49.00

OMB President's Management Agenda Update

Aug 13, 2019 10:10am ‐ Aug 13, 2019 11:25am

Identification: GAE1922

Present the President's Management Agenda related to the grant management, administration and audit.

  • Recall the 3 Gears of the President's Management Agenda (PMA)
  • Recall the 14 Cross Agency Priorities (CAP) goals
  • Identify the objectives and status of CAP Goal 8 - Results Oriented Accountability for Grants



Standard: $ 49.00

Lightning Round Issues for Government Audits

Aug 13, 2019 10:10am ‐ Aug 13, 2019 11:25am

Identification: GAE1923

Quick refresher and discussion of several commonly misunderstood topics related to the audit of governmental financial statements. The quick hits will cover topics of: group audits, materiality, auditing estimates, common problems when auditing pension or OPEB plans, journal entry testing, and documentation.

  • Recall the appropriate way to respond to common problems encountered when auditing governmental financial statements related to group audits and materiality.
  • Recall the appropriate way to respond to common problems encountered when auditing governmental financial statements related to auditing estimates and pension and OPEB plans.
  • Recall the appropriate way to respond to common problems encountered when auditing governmental financial statements related to journal entry testing and documentation.

Standard: $ 49.00

Lesson Learned in Dealing wth Actuaries

Aug 13, 2019 10:10am ‐ Aug 13, 2019 11:25am

Identification: GAE1924

Relying on actuarially generated information is becoming an increasing material part of government audits. This session will provide background and perspective on the actuarial profession and how their professional standards differ from those of accountants. It will then address specific considerations for auditing actuarial information including pension or OPEB questions to ask the actuary.

  • Apply auditing guidance for relying on the work of a specialist to actuarial information and actuaries.
  • Determine specific areas of emphasis when auditing actuarial information for pensions and OPEB.

Standard: $ 49.00

Internal Controls in the Single Audit - Focus on Quality

Aug 13, 2019 12:25pm ‐ Aug 13, 2019 1:40pm

Identification: GAE1926

Review of the seven steps of evaluating internal control over compliance, documentation examples, and tips/traps to keep top of mind.

  • Indicate opportunities for improvement
  • Recall the seven steps outlined in the process
  • Indicate examples of good and bad documentation

Standard: $ 49.00

Fiduciary Practicalities (Repeat of GAE1914)

Aug 13, 2019 12:25pm ‐ Aug 13, 2019 1:40pm

Identification: GAE1927

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

The Latest on Single Audits and the Compliance Supplement (Repeat of GAE1907)

Aug 13, 2019 2:00pm ‐ Aug 13, 2019 3:15pm

Identification: GAE1929

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.

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