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AICPA & CIMA 2021 Governmental Accounting & Auditing Online Update


GAE2103 - The Impact of Covid-19


Aug 16, 2021 12:35pm ‐ Aug 16, 2021 1:50pm

Description

In response to the COVID-19 pandemic, Congress appropriated $3.1 trillion in emergency assistance for people, businesses, the health care system, and state and local governments. The large amount of funds and the urgency to get money to those in need caused multiple challenges for the overseers of this effort, from transparency and uncertainty around the accuracy of reporting, to timeliness of making this information available, as well as the risk for improper payments. This panel of senior officials from GAO, Treasury, and a federal OIG will discuss the following: • How has financial reporting been impacted as to its timeliness and the accuracy/quality of information? • Has transparency in financial information reporting been sufficient and easily accessible, for example on USASpending.gov? • What challenges did COVID-19 create that affected payment integrity and the risk of fraud and improper payments?

Speaker(s):

  • Beryl H. Davis, CPA, Director, Financial Management and Assurance, U.S. GAO
  • Amy Edwards, Senior Advisor, Financial Advisor, U.S. Department of the Treasury
  • Bryon Gordon
  • Linda Miller, MPP, Deputy Executive Director at Pandemic Response Accountability Committee, Council of the Inspectors General on Integrity and Efficiency
  • Asif Khan, CPA, CISA, CGFM, FCCA, Director, GAO
Tags: Federal
Category: Concurrent Session Online

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