Hot Topics - Single Audit-Panel
Aug 16, 2022 1:40pm ‐ Aug 16, 2022 2:30pm
Identification: GAE2224
There are often challenging issues in performing a single audit. These can be complex, infrequent, and/or subject to increased auditor judgment. This session will provide you with critical information as you plan your 2022 single audits and will cover commonly asked questions the GAQC is receiving from members on both the Compliance Supplement and the impact of COVID-19 funding on single audits. It will provide participants with a fast-paced Q&A format with tips and best practices.
- Determine and utilize the correct answer and guidance for common single audit questions
- Apply best practices and tips for a successful single audit
Embrace Generational Diversity, Maximize Productivity
Aug 16, 2022 2:50pm ‐ Aug 16, 2022 4:05pm
Identification: GAE2225
Working with different generations in the workplace gets more challenging every year and we now have 5 ½ different groups! By understanding the perspective of each generation and capitalizing on their strengths, your team can learn to work together in a productive and harmonious environment.
- Identify the different generations in the workplace today and what makes each generation different
- Recognize the strengths, characteristics and values of each generation
- Identify how to engage each generation
Accounting and Auditing Considerations for GASB’s Lease Standard
Aug 16, 2022 2:50pm ‐ Aug 16, 2022 4:05pm
Identification: GAE2226
This session will discuss some of the most common accounting and implementation considerations related to GASB Statement No. 87, Leases, as well as provide an overview of the new AICPA audit guidance for leases.
- Identify some of the most common accounting and implementation considerations related to GASB Statement No. 87
- Identify an overview of the new AICPA audit guidance for leases
Single Audit Update (Replay)
Aug 16, 2022 2:50pm ‐ Aug 16, 2022 4:05pm
Identification: GAE2227
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.
- Identify key information in the 2022 OMB Compliance Supplement
- Identify COVID-19 funding updates and related single audit implications
- Identify news from the AICPA Governmental Audit Quality Center
- Identify the single audit landscape looking forward
Solving the People Puzzle – Staffing, Burnout and Succession
Aug 16, 2022 4:20pm ‐ Aug 16, 2022 5:20pm
Identification: GAE2228
In this fast-paced session, attendees will get “next practices” to achieve three overlapping issues – staffing, burnout and succession planning. Karl Ahlrichs works with multiple organizations and agencies as an HR consultant and trusted advisor, a role that gives him the viewpoint of an “inside outsider”.
Offering tactics from the viewpoints of Operations, Finance and HR, Karl will share and discuss hidden reasons why employees quit and actions that you can take to reduce the chances of having to re-staff. As with most modern challenges, to fix a large challenge there are multiple overlapping smaller issues that require finesse and critical thinking to fix. This session will do exactly that and offer specific tactics that will apply to any employment situation.
- Identify why do people quit? It starts with the boss. People need a positive relationship with their boss. A good manager knows how to listen and take in what employees have to say, while also keeping an open mind. Active listening tactics will be shared and practiced.
- Identify how hiring for Governmental positions is often challenged by pay restraints. There are multiple approaches that can overcome the money disadvantage, if applied.
- Identify how offering mental health resources and paying attention to warning signs will build trust and increase engagement.
- Identify redesigning internal communication for a distributed workforce. Lack of social cohesion within a company means that it’s easy for employees to become isolated and burnout to occur. Tactics will be shared for extinguishing burnout.
- Identify raising the hiring standards. Once the managers are upskilled, the hiring process becomes important, reinforcing the high performing teams with productive new hires.
- Identify how to build and share career paths and succession plans. Staff want to know they are valued and will be offered development opportunities.