AICPA & CIMA 2021 Governmental Accounting & Auditing Online Update

Aug 16, 2021 ‐ Aug 17, 2021



Sessions

Welcome & IntroductionWelcome & Introduction

Preview Available

Welcome & Introduction

Aug 16, 2021 9:50am ‐ Aug 16, 2021 10:00am

Identification: GAE21NS01


Work of The GAO During the Pandemic

Aug 16, 2021 10:00am ‐ Aug 16, 2021 10:50am

Identification: GAE2101

Speaker(s):
  • Gene Dodaro, Comptroller General, U.S. Government Accountability Office
Tags: General
Category: General Session Online

Auditing Standards Update (ASB/GAO)

Aug 16, 2021 11:05am ‐ Aug 16, 2021 12:20pm

Identification: GAE2102

Learning Objectives:
  • Identify updates/changes to Government Auditing Standards and challenges in implementing.
  • Identify changes in the US Auditing Standards and related guidance.
Speaker(s):
Tags: General
Category: General Session Online

The Impact of Covid-19The Impact of Covid-19

Preview Available

The Impact of Covid-19

Aug 16, 2021 12:35pm ‐ Aug 16, 2021 1:50pm

Identification: GAE2103

In response to the COVID-19 pandemic, Congress appropriated $3.1 trillion in emergency assistance for people, businesses, the health care system, and state and local governments. The large amount of funds and the urgency to get money to those in need caused multiple challenges for the overseers of this effort, from transparency and uncertainty around the accuracy of reporting, to timeliness of making this information available, as well as the risk for improper payments. This panel of senior officials from GAO, Treasury, and a federal OIG will discuss the following: • How has financial reporting been impacted as to its timeliness and the accuracy/quality of information? • Has transparency in financial information reporting been sufficient and easily accessible, for example on USASpending.gov? • What challenges did COVID-19 create that affected payment integrity and the risk of fraud and improper payments?

Speaker(s):
  • Beryl H. Davis, CPA, Director, Financial Management and Assurance, U.S. GAO
  • Amy Edwards, Senior Advisor, Financial Advisor, U.S. Department of the Treasury
  • Bryon Gordon
  • Linda Miller, MPP, Deputy Executive Director at Pandemic Response Accountability Committee, Council of the Inspectors General on Integrity and Efficiency
  • Asif Khan, CPA, CISA, CGFM, FCCA, Director, GAO
Tags: Federal
Category: Concurrent Session Online

Single Audit UpdateSingle Audit Update

Preview Available

Single Audit Update

Aug 16, 2021 12:35pm ‐ Aug 16, 2021 1:50pm

Identification: GAE2104

Speaker(s):
Category: Concurrent Session Online

CIGIE Update/Hot TopicsCIGIE Update/Hot Topics

Preview Available

CIGIE Update/Hot Topics

Aug 16, 2021 2:20pm ‐ Aug 16, 2021 3:35pm

Identification: GAE2105

Speaker(s):
  • Brett Baker, PhD, CPA, CISA, Assistant IG for Audit, NRC OIG
Tags: Federal
Category: Concurrent Session Online

Data Analytics & Fraud Risk Assessment - Using Data Analytics to Detect Fraud in Government

Aug 16, 2021 2:20pm ‐ Aug 16, 2021 3:35pm

Identification: GAE2106

A single case of occupational fraud costs government organizations a median of $100,000, according to the Association of Certified Fraud Examiners (ACFE) 2020 Report to the Nations. But why are governments so vulnerable? Join us to found out. This session will provide participants with the latest trends in fraud, data analytics strategies for early detection, and preventative measures that governments can implement to reduce their risk of fraud. We’ll use actual case studies to show how data analytics can be used to identify various types of fraud. We’ll share the story for each case, including how it was discovered and how it could have been prevented. Building on these cases, we’ll teach you analytical tests that can be performed to identify anomalies and unusual trends without investing in “fancy” software.

Speaker(s):
Category: Concurrent Session Online

Challenging Areas Introduced in The Compliance Supplements - 2020, 2020 Addendum, and 2021 (Repeated in Session 2117)

Aug 16, 2021 2:20pm ‐ Aug 16, 2021 3:35pm

Identification: GAE2107

There have been many single audit challenges this year with an unprecedented amount of Federal funding going into the economy. Understanding how to use the Compliance Supplement is more important than ever. This session will dive into the more challenging areas of the 2020 Compliance Supplement and subsequent Addendum as well as information about the 2021 Compliance Supplement.

Learning Objectives:
  • Gain an understanding of how to use the 2020 Compliance Supplement in conjunction with the 2020 Compliance Supplement Addendum.
  • Discuss how the 2021 Compliance Supplement has been updated for changes in additional COVID funding.
Speaker(s):
Category: Concurrent Session Online

Innovation in AuditingInnovation in Auditing

Preview Available

Innovation in Auditing

Aug 16, 2021 3:50pm ‐ Aug 16, 2021 5:05pm

Identification: GAE2108

In the Fourth Industrial Revolution, technology is advancing every day and oversight should, too. Driving credible and sustained culture of innovations within the audit community is a special tradecraft that requires care. How can we empower auditors with emerging technologies to be more prospective, dig deeper, and be more responsive? Learn from a panel of experts with examples on how innovations is delivering better foresights, insights, and oversights.

Speaker(s):
  • Taka Ariga, Chief Data Scientist and Director of Innovation Lab, U.S. Government Accountability Office
  • Brett Baker, PhD, CPA, CISA, Assistant IG for Audit, NRC OIG
Tags: Federal
Category: Concurrent Session Online

Fiduciary Activities Implementation Considerations (GASB 84 & 97)

Aug 16, 2021 3:50pm ‐ Aug 16, 2021 5:05pm

Identification: GAE2109

If you haven’t already implemented GASB 84, if you are mid-way through implementation or even if you’ve already implemented GASB 84, this session is for you! Since the issuance of Statement 84 itself, other authoritative guidance has been issued impacting the implementation of the Fiduciary Activities standard. This session will focus on some of these changes since the issuance of Statement 84, and will provide practical application along with multiple case studies and tips to ensure your government’s successful implementation.

Learning Objectives:
  • • Identify the critical components of the standards
  • • Apply requirements to successfully implement the GASB fiduciary standard
Speaker(s):
Category: Concurrent Session Online
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