AICPA & CIMA 2021 Governmental Accounting & Auditing Online Update

Aug 16, 2021 ‐ Aug 17, 2021


This session provides an update on Government Auditing Standards (GAS) contained in the GAO's Yellow Book and the US Auditing Standards set forth by the US Auditing Standards Board (ASB).


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 adaaccessibility@aicpa-cima.com 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. 


Sessions

Hot Topics in Auditing State and Local Government Financial Statements

Aug 17, 2021 1:05pm ‐ Aug 17, 2021 2:20pm

Identification: GAE2120

Auditors and governments faced unprecedented circumstances in 2020 and the current environment will continue to impact audits in 2021. Government auditors face several practice issues, making it difficult to perform effective and efficient audits while maintaining the quality stakeholders and our profession expect. Learn about the latest developments impacting state and local government financial statement audits and how to navigate them during an already challenging time.

Learning Objectives:
  • Identify how the current environment is impacting the planning and risk assessment process for state and local government audits
  • Discuss the latest state and local government-related findings identified in the peer review process
  • Identify how recently issued auditing standards will effect state and local government audits
  • Recognize the challenges the American Rescue Plan Act (ARPA) will have on governmental financial statements
Speaker(s):
Category: Concurrent Session Online
Standard: $49.00

Telling the Story of Financial Statements

Aug 17, 2021 2:50pm ‐ Aug 17, 2021 3:40pm

Identification: GAE2122

Elected officials, citizens and even the government's staff and leadership team can be intimidated by the audited financial statements often not even trying to read them. This session will discuss ways that both the auditor and the finance officer can translate the financial data and auditor conclusions into understandable terms to better grasp the government's financial message and in so doing build confidence and trust in annual financial statements.

Learning Objectives:
  • Build strategies to better communicate financial results to a non financial audience
  • Understand how auditor and finance officer communications can complementary when communicating audit and financial results
Speaker(s):
  • Eric Formberg, CPA,CGFM, Retired Partner, Plante Moran
  • Robert Scott, CPA, Chief Financial Officer/Assistant City Manager, City of Carrollton, TX
Category: Concurrent Session Online
Standard: $49.00

CIGIE Update/Hot Topics iconCIGIE Update/Hot Topics

Preview Available

CIGIE Update/Hot Topics

Aug 17, 2021 3:55pm ‐ Aug 17, 2021 5:10pm

Identification: GAE2124

Dr. Brett Baker will present topics addressing recent areas of common interest in the federal oversight community:

  • OIG community cross-cutting projects to address government-wide risks
  • DATA Act
  • IT Security
  • Pandemic response audit work

Learning Objectives:
  • Risk areas that the federal audit community is closely monitoring.
  • DATA Act audit status in the OIG community
  • Audit community efforts to address challenges presented by the pandemic
Speaker(s):
  • Brett Baker, PhD, CPA, CISA, Inspector General, National Archives
Category: Concurrent Session Online
Standard: $49.00

GASB Accounting Hot Topics iconGASB Accounting Hot Topics

Preview Available

GASB Accounting Hot Topics

Aug 17, 2021 3:55pm ‐ Aug 17, 2021 5:10pm

Identification: GAE2125

This hot topic session will provide an introduction to the new Director of Research and Technical Activities. The session will also provide an overview of projects nearing completion, such as Compensated Absences and Accounting Changes and Error Corrections, as well as some projects still in progress.

Learning Objectives:
  • To gain an overall understanding of scope, objectives, and tentative Board decisions of projects recently issued for public comment.
  • To gain an understanding of the scope, objectives, and status of hot topics still in progress.
Speaker(s):
  • Alan Skelton, CPA, Chair, Governmental Accounting Standards Board
Category: Concurrent Session Online
Standard: $49.00

Managing Employees in A Virtual World

Aug 17, 2021 5:25pm ‐ Aug 17, 2021 6:15pm

Identification: GAE2126

Remote work has been around for decades, but all of a sudden, we’ve found ourselves struggling with the best ways to manage our people when we don’t see them face to face everyday. As our lives begin to feel more familiar and we rethink what work will look like, it’s clear that building skills on how to manage a remote workforce is more important than it ever has been.

Learning Objectives:
  • Increase awareness of common biases we have toward the remote workforce
  • Utilize motivation techniques for virtual team members
  • Discuss top actions that make for great virtual team leaders
Speaker(s):
Tags: General
Category: General Session Online
Standard: $49.00