AICPA Governmental Accounting & Auditing Update Conference 2020

This includes sessions from the conference: AICPA Governmental Accounting & Auditing Update Conference 2020

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Welcome and Introduction & GAO's Role in Addressing Major Challenges Facing Our National Government

Identification: GAE2001

The U.S. Comptroller General will discuss GAO’s responsibilities under the CARES Act and issues specific to state and local governments. He will also discuss state and local challenges, international coordination and how we are all adapting to new ways of working as well as to our country’s fiscal condition, challenges in the IG community, and accomplishments attributed to the CFO Act of 1990.

• George D. Strudgeon, CPA, CGFM, CGMA, MBA, Audit Director, Virginia Auditor of Public Accounts
• Gene Dodaro, Comptroller General, U.S. Government Accountability Office

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Developing an Effective and Efficient Single Audit

Identification: GAE2004

Performing a single audit that meets all regulatory and audit requirements can be time consuming.  This session covers ways to meet the single audit requirements and tips on how to be efficient in the process.

• Lindsey Oakley, CPA, Partner, FORVIS
• Brittney Williams, CPA, CGFM, Audit Partner, HeinfeldMeech

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Shared insights into the FITARA Scorecard

Identification: GAE2006

The House Committee on Oversight and Reform has issued a series of ten scorecards, which grade agencies' implementation of FITARA and other IT-focused legislation. This session will cover the Scorecard's history, grading methodologies, potential limitations, and its future. 

• Kevin Walsh, Assistant Director, Government Accountability Office

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GASB Statement No. 87: Leases

Identification: GAE2008

This session will address account and financial reporting implementation issues associated with the Statement on leases.  Topics to be covered include the definition of a lease; determining the term of the lease and the release liability and asset for both a lessee and a lessor; and other implementation issues, including those addressed in the accompanying GASB implementation guide.

• David Bean, CPA, CEO and Former GASB Director, Governmental Accounting Research, LLC
• Chris Pembrook, CPA, CGAP, Crawford CPAs

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Querying the Federal Audit Clearinghouse

Identification: GAE2007

This session will provide an update on the efforts by the Federal Audit Clearinghouse to modify the online repository that federal awarding agencies use to monitor direct recipients of federal funds. Also, provide instructions for retrieving and analyzing information from multiple data collection forms.

• Mark Dixon, Branch Chief, US Census Bureau - Federal Audit Clearinghouse
• Aaron Moon, Survey Statistician, US Census Bureau
• George D. Strudgeon, CPA, CGFM, CGMA, MBA, Audit Director, Virginia Auditor of Public Accounts

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Single Audit Update

Identification: GAE2010

• Mary Foelster, CPA, CGMA, Senior Director, Governmental Auditing and Accounting, AICPA
• Kim McCormick, CPA, Partner, Audit Services, Grant Thornton

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Leveraging ERM to Drive Organizational Value

Identification: GAE2009

The Offices of the Inspectors General (OIGs) aid federal agencies in meeting the demands for better governance and increased public value. Enter the world of these “watchdogs” and their independent audits, evaluations and investigations of programs and operations, including internal control and risk management. Examine how enterprise risk management (ERM) allows OIGs to face unprecedented risks while optimizing strategy setting and performance and fighting fraud, waste and abuse. Understand how OIGs are leveraging ERM to monitoring and/or addressing the impacts of COVID-19.

• Temika Edwards, Ph.D., DHS OIG
• Jessica Southwell, Chief Performance and Risk Management Officer, Department of Labor, Office of Inspector General

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Economic and Banking Conditions Update and Outlook

Identification: GAE2012

This presentation will cover current economic and financials as of early August, 2020. We will discuss key recent indicators in the U.S. economy and banking industry. The presentation will then cover the U.S. economic outlook, as well as some possible risks to the economy.

• Chester Polson, Ph.D. in Economics, Senior Financial Economist, Federal Deposit Insurance Corporation

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COVID 19 Auditor and Preparer Considerations

Identification: GAE2013

The Pandemic has impacted every government in multiple ways requiring preparers to determine the proper accounting and disclosures for new transactions and unprecedented circumstances.  Preparers and auditors also face the real possibility that  a significant amount of financial statement preparation and the related audit may need to be performed remotely.  This session will discuss applicable accounting standards identified by GASB in their Emergency Toolbox as well as audit related considerations.

• Paulina Haro, Senior Project Manager, GASB
• Chris Pembrook, CPA, CGAP, Crawford CPAs
• Robert Scott, CPA, Chief Financial Officer/Assistant City Manager, City of Carrollton, TX
• Michelle Watterworth, CPA, Partner, Plante Moran

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Single Audit Planning - Getting it Right Upfront

Identification: GAE2016

The success or failure of a Single Audit can usually be traced back to the planning phase . Planning procedures from risk assessments to major program determination to selecting applicable compliance requirements can set the audit team on the right path to proper engagement execution, if done well. If not done well, it can lead to nonconformity with professional standards and disciplinary action on engagement leaders. Please join us for this session as take a case study approach for what effective single audit planning should look like.

• Eric Formberg, CPA,CGFM, Retired Partner, Plante Moran
• Thomas J. Sneeringer, CPA, Partner, RSM US LLP