This includes sessions from the conference: AICPA & CIMA 2022 Governmental Accounting & Auditing Online Update
This session will address fraud fundamentals, the meaning of public purpose in government procurement, highlights from the recently issued ACFE Report to the Nations and specific procurement fraud and the related red flags.Speaker(s):
Understanding IT general controls is an important part of the risk assessment process in a financial statement audit, but what if a deficiency is identified? This session with not only refresh your memory on the auditor’s responsibilities related to understanding IT general controls but will also seek to help develop strategies surrounding evaluating deficiencies and consider the impact of those deficiencies on the audit.Speaker(s):
The last year has been one of the more challenging ever for single audits due to the significant influx of federal funding resulting from the COVID-19 pandemic. There will be many of the same types of challenges to address in the coming year. This session will provide an overview of what is happening in the single audit arena.Speaker(s):
Participants in this session will get a basic introduction to cloud computing, hear about lessons learned from common challenges and hear about how cloud computing is a shared responsibility. Presenters will focus on five key risk dimensions of operating in a cloud environment and discuss controls that agencies may consider as they balance the need for security and speed. After attending this session, participants will have better insights into the considerations necessary to architect and operate in the cloud while achieving compliance requirements.Speaker(s):
In just a few short years, IT has become an integral part of every aspect of an organization's operations. Unfortunately, as our dependance on IT has grown, our understanding of what a good IT operation looks like has not. Whether the Finance Officer supervises IT or simply must work with them, this session takes a non-techie approach to understanding IT.Speaker(s):
SAS 142-145 lays out significant changes to the auditing standards that will be in play shortly! Understanding their impact, and in particular, any unique impact to governmental audits, will be critical in future audits. This session will provide a concise overview of these new standards along with considerations to take with you as you plan your firm’s implementation efforts.Speaker(s):
Many auditors will have to audit the Coronavirus State and Local Fiscal Recovery Funds Program for the first time in 2022.
The $350 billion program is one of the largest federal programs subject to single audit ever, with over 30,000 recipients.
Although funding went primarily to states, local government, and tribal entities, those recipients could potentially pass the funding down to not-for-profits or even for-profit entities.
Adding to the challenge is that many small local government recipients of this funding have not had to undergo an audit of federal financial assistance in the past.
This session is intended to help auditors having to address this program in their single audits.Speaker(s):
The Deputy Controller in the Office of Federal Financial Management at OMB will provide a general overview of OMB activities.Speaker(s):
This session will describe the AICPA ethics structure, present a quick reminder of the requirements for the State and Local Government Client Affiliates Interpretation that is currently effective, discuss recently adopted standards (such as NOCLAR and others), discuss the current exposure draft for compliance audits, identify key differences between the AICPA Code of Professional Conduct (Code) and the 2018 Yellow Book, and identify common mistakes in yellow book and single audits.Speaker(s):
Inspired by the AICPA’s Go Beyond Disruption Campaign, please join this session for a hands on Artificial Intelligence (AI) demonstration. AI includes a variety of technology and data analytic capabilities expected to change work as we know it. As AI expands in many aspects of our personal lives it is now developing in government operations and public interest in exploring AI use cases is increasing. This session will offer AICPA members a hands on primer and demonstration on several aspects of AI including, machine learning, natural language processing and deep learning, leveraging an open source automated Single Audit Explorer (SAE). After the session participants will be able to download the SAE to start their AI journey on their own.Speaker(s):