Governmental Accounting and Auditing Update Conference 2018

Aug 13, 2018 ‐ Aug 15, 2018


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.


Sessions

FASAB PanelFASAB Panel

Preview Available

FASAB Panel

Aug 14, 2018 1:00pm ‐ Aug 14, 2018 2:15pm

Identification: GAE1823

Learn about the Federal Accounting Standards Advisory Board’s (FASAB) latest accounting standards, proposed standards, and major projects. FASAB has issued several new Statements of Federal Financial Accounting Standards (SFFAS) and proposed SFFAS during the year.

Participants will hear an overview and discussion of these topics:

• new standards for reporting leases, 
• the new budget and accrual reconciliation,
• efforts to improve disclosures and other required information,
• evolving concepts for federal financial reporting, 
• proposals regarding reporting on federal land,
• new guidance related to the Department of Defense’s implementation efforts, and
• progress on reporting risks assumed by the federal government.

After this session attendees will be able to:

-Recall the issues the Federal Accounting Standards Advisory Board views as a priority in the near term and why.
-Recognize newly issued standards.
-Recall tentative decisions of the Board on key projects. 
-Identify emerging issues.

Speaker(s):
Tags: Federal
Standard: $49.00

Data AnalyticsData Analytics

Preview Available

Data Analytics

Aug 14, 2018 1:00pm ‐ Aug 14, 2018 2:15pm

Identification: GAE1824

We explore the use of data analytics that can be used to perform various audit procedures including elements of risk assessments, tests of controls, substantive procedures, or concluding audit procedures. 

After this session attendee will be able to:

-Apply guidance included in the recently issued AICPA Guide to Audit Data Analytics to your audits.
-Determine how these techniques could be used in the state & local government industry.

Speaker(s):
Standard: $49.00

Tax Impact on GovernmentTax Impact on Government

Preview Available

Tax Impact on Government

Aug 14, 2018 1:00pm ‐ Aug 14, 2018 2:15pm

Identification: GAE1825

The session will focus on the state tax impact and implications of the new federal tax law. 

After this session attendees will be able to:

1. Identify the issues that states will be addressing over the next year in operations, and state revenue and budget needs, as a result of the new federal tax law. 
2. Analyze the states' conformity and decoupling of specific provisions in the tax law.
3. Differentiate the responses of various states to the new federal tax law.

Speaker(s):
  • Cathie Stanton, CPA, Partner, Tax Services, Cherry Bekaert
  • Eileen Reichenberg Sherr, CPA, CGMA, M.T., Senior Manager - AICPA Tax Policy & Advocacy, Association of International Certified Professional Accountants
Standard: $49.00

Data and IT AssuranceData and IT Assurance

Preview Available

Data and IT Assurance

Aug 14, 2018 2:35pm ‐ Aug 14, 2018 3:50pm

Identification: GAE1826

The Department of Homeland Security is required to obtain an audit opinion on internal control over financial reporting under the DHS Financial Accountability Act. With two material weaknesses remaining, in ITGC and Financial Reporting, the panelist will present DHS’ approach in using ITGC to posture the Department for sustainment of traditional manual controls, while improving data quality.

Learning Objectives:

• How to plan and conduct an assessment of financial systems that have greatest impact on significant business processes

• How to identify and test sources of information produced from financial systems

• Next steps in fully integrating application controls into the overall control environment to reduce traditional transaction testing

Speaker(s):
  • Susie Dossie, Director of Risk Management and Assurance, Office of the Chief Financial Officer, Department of Homeland Security
  • Alyssa Smiley, Deputy Director (Acting), Department of Homeland Security
  • Rebecca Shoustal, Internal Controls Unit Chief, Immigration and Customs Enforcement (ICE)
Tags: Federal
Standard: $49.00

Single Audit Update (Repeat of GAE1806)

Aug 14, 2018 2:35pm ‐ Aug 14, 2018 3:50pm

Identification: GAE1828

This session will cover single audit developments that occurred over the last year and also, look at the future of single audits. Auditors from firms and state audit organizations will be represented. 

Learning Objectives:

-Evaluate what is in the 2018 “skinny” Compliance Supplement and how to use it.
-Interpret the latest quality issues noted in single audit quality reviews.
-Examine best practices when dealing with a client’s Corrective Action Plan.
-Predict future single audit developments such as a new Data Collection Form, future quality studies, and the recent federal grants-oriented cross-agency priority goals.

Speaker(s):
  • Mary M. Foelster, CPA, CGMA, Senior Director, Governmental Auditing and Accounting, AICPA
  • Erica Forhan, CPA, CGMA, Partner, Moss Adams LLP
  • George D. Strudgeon, CPA, CGFM, CGMA, MBA, Audit Director, Virginia Auditor of Public Accounts
Standard: $49.00

Common Misconceptions in Deficiencies with Single Audits (EAQ session)

Aug 14, 2018 4:00pm ‐ Aug 14, 2018 5:15pm

Identification: GAE1831

The AICPA Peer Review Program’s recent study of single audit quality gives insight into the types of problems found and what factors correlated to higher-quality single audits. If your firm or state audit organization (SAO) conducts single audits, you should take advantage of this opportunity to learn more about the types of problems found and what factors led to the highest quality single audits. 

Specific topics to be discussed include: 

• The single audit quality factors that correlated to quality; 
• Common misconceptions and areas of non-conformity identified; and 
• Steps firms and SAOs can take to strengthen their single audit quality

After this session attendees will be able to:

-Identify factors that correlate to single audit quality 
-Analyze insights into the most common areas of non-conformity found in the single audits studied.

Speaker(s):
Standard: $49.00

Prepping for the Advanced Single Audit Certificate

Aug 15, 2018 8:00am ‐ Aug 15, 2018 11:35am

Identification: GAE18301

This course is designed to walk through the content to help prepare you for the Single Audit Certificate. It will include case studies to demonstrate the materials to best prepare you to successfully receive your digital badge. Major topics include internal controls over compliance, major program determination and reporting.

After attendees attend this session they will be able to:

- Describe the process for performing major program determination
- Document proper internal controls over compliance

Speaker(s):
Standard: $79.00
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