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.
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.
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.
Recognize potential application considerations for Tribes in implementing newly issued GASB standards.
Understand the activities being discussed by GASB’s Tribal Working Group.
Tasha N. Repp, CPA, Partner / Tribal & Gaming National Practice Leader, Moss Adams LLP
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.
Identify best practices for internal controls.
Determine how to evaluate the costs and benefits of implementing internal controls.
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.
Recognize the benefit of separate accounting and financial reporting standards.
Differentiate between key terminology.
Compare and contrast the guidance related to key areas.
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.
Gain understanding of key developments in single audits.
Learn about the latest quality issues.
Mary Foelster, CPA, CGMA, Senior Director, Governmental Auditing and Accounting, AICPA
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.
Identify areas to focus your efforts understanding the requirements of standards and how to apply them to pass the test.
Evaluate your own audit documentation for how clearly it conveys the work that is done.
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.
Formulate the risk assessment process for selecting major programs in a single audit.
Assess the pitfalls of audit failures caused by improper selection of major programs.
Auditing the SEFA and how an inaccurate SEFA can cause an audit failure.