Governmental and Not-for-Profit Training Program 2019

This includes sessions from the conference: Governmental and Not-for-Profit Training Program 2019

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Welcome & Announcements | The Future is Now - Reimagine the Profession

Identification: GOV1901

Kimberly Ellison-Taylor, Executive Director, Finance Thought Leadership Cloud Business Group at Oracle and past Chair of the Association of International Certified Professional Accountants, will provide a professional issues update including an overview of the major forces driving change in the accounting profession.

Learning Objectives:

• Identify the impact of technology on Finance and the future role of Finance.
• Determine the Finance competencies required for the future.
• Identify how accounting professionals can stay informed and relevant an a technology driven environment.

• Candice Meth, CPA, MBA, Partner, EisnerAmper LLP
• Kimberly N. Ellison-Taylor, CPA, CGMA, KET Solutions, LLC

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Unique Considerations in Applying GAAP to Tribal Entities

Identification: GOV1902

This session will help participants understand some unique application issues to consider in applying GASB statements to Tribal governments and their enterprises. Specific items that will be reviewed include leases, fiduciary funds, and others. The session will also provide an update on the activities of GASB's tribal working group that is providing input to the GASB on alternative reporting options for Tribal businesses.

Learning Objectives:

1. Recognize potential application considerations for Tribes in implementing newly issued GASB standards.
   
2. Understand the activities being discussed by GASB’s Tribal Working Group.

• Tasha N. Repp, CPA, Partner / Tribal & Gaming National Practice Leader, Moss Adams LLP

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Small but Mighty - Internal Control Tips for Smaller Organizations

Identification: GOV1903

Small and medium sized entities often struggle with finding the right balance of internal control when headcount is small. This session will cover easy to implement internal controls without breaking the budget.

Learning Objectives: 

1. Identify best practices for internal controls.
   
2. Determine how to evaluate the costs and benefits of implementing internal controls.

• Jennifer Mistretta, CPA, CGMA, Associate Director, Postlethwaite & Netterville
• Candi Avery, CPA, CGMA, Shareholder, Clark Nuber P.S.

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Place Your Bets - GASB vs. FASB

Identification: GOV1904

Attend this session whether you audit both GASB and FASB entities or your job only involves aspects of one. The key differences between GASB & FASB will be highlighted in order for you to be on top of your game when auditing these entities.

Learning Objectives:

1. Recognize the benefit of separate accounting and financial reporting standards.
   
2. Differentiate between key terminology.
   
3. Compare and contrast the guidance related to key areas.

• Tony Boras, CPA, Partner, Crowe LLP
• Troy Rector, CPA, CGMA, Principal, Clark Nuber P.S.

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Data Collection Form / Federal Audit Clearinghouse - Do Your Submissions Pass the Test?

Identification: GOV1905

Learn how to navigate the Federal Audit Clearinghouse website and streamline the audit submission process.

Learning Objectives:

1. Identify significant changes to the 2019 DCF and IDES.
   
2. Recall instructions on how to ensure a smooth audit submission process.
   
3. Recall how to navigate and search the Federal Audit Clearinghouse website.

• Amanda Ward, CPA, Partner, Plante Moran

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Assessing Risk in a Not-For-Profit Entity Audit

Identification: GOV1907

In this session, the presenters will discuss our responsibility for audit and enterprise risk assessments as boards, management and auditors.

Learning Objectives:

1. Identify best practices in assessing risk
2. Address professional standards in assessing risk
3. Discuss application of tips and tools garnered from peer review observations

• Kelly Frank, CPA, CGMA, Partner, Crowe, LLP
• Deana N. Thorps, CPA, Durham, AICPA
• Melissa Harman, CPA, Partner, Moss Adams

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Don't Jeopardize Your Independence

Identification: GOV1908

This session will provide an overview of independence requirements for audit clients.

Learning Objectives:

1. Recall the independence requirements under AICPA Code of Professional Conduct and GAO Yellow Book.
   
2. Apply the conceptual framework to independence by identifying and evaluating threats and applying safeguards when required.

• Nancy Miller, CPA, KPMG
• Elaine M. Cahoon, CPA, CGFM, CISA, Director, KPMG

Preview Available

Single Audit Update - Quality Tips & Common Issues (Repeated in GOV1916)

Identification: GOV1909

There is more going on with single audits this year than past years. That is primarily due to big changes in the 2019 OMB Compliance Supplement. This session will bring you up to date on the following: Key changes made in the Supplement; Other single audit developments; and The latest on audit quality.

Learning Objectives:

1. Gain understanding of key developments in single audits.
   
2. Learn about the latest quality issues.

• Mary Foelster, CPA, CGMA, Senior Director, Governmental Auditing and Accounting, AICPA
• Kim McCormick, CPA, CPA, Grant Thornton
• Erica Forhan, CPA, Partner, Moss Adams LLP

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Can You Pass Peer Review? You'd Be Surprised…

Identification: GOV1912

This session will provide the peer review lens into engagement quality for those in public practice. We’ll describe the current peer landscape and where peer reviewers are focused. We’ll highlight key areas where practitioners struggle to demonstrate they meet professional standards.

Learning Objectives:

1. Identify areas to focus your efforts understanding the requirements of standards and how to apply them to pass the test.
   
2. Evaluate your own audit documentation for how clearly it conveys the work that is done.
   
3. Apply lessons learned by others to your own work.

• Deana N. Thorps, CPA, Durham, AICPA
• Erica Forhan, CPA, Partner, Moss Adams LLP

Preview Available

Major Program Determination

Identification: GOV1913

A complicated topic, full of auditor judgment - how to apply the Uniform Guidance risk-based approach. This session will go over using this approach to select major programs and steps to ensure the SEFA is fairly presented in relation to the financial statements. In addition, during this session, we will discuss ways to ensure major programs are not over looked because of SEFA errors.

Learning objectives:

1. Formulate the risk assessment process for selecting major programs in a single audit.
   
2. Assess the pitfalls of audit failures caused by improper selection of major programs.
   
3. Auditing the SEFA and how an inaccurate SEFA can cause an audit failure.

• Tammie Brown, CPA, Assistant Director, HHS OIG
• Katie Gleason, CPA, Office of the State Auditor, North Carolina