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12:45pm - 01:35pm EDT - October 25, 2021

Monday
12:45pm - 01:35pm EDT - October 25, 2021 | Room: Rivoli AB
Jennifer Burns, CPA, ​Speaker - Virtual; Monique S. Booker, CPA; Erica Forhan, CPA, ​Speaker - Virtual
Total Minutes: 50

This session will introduce attendees to the current activities of the Auditing Standards Board, including a discussion on recently issued standards and how they will impact planned audit procedures and reporting practices.



Objectives:
  • Identify the current activities of the Auditing Standards Board.
  • Indicate how the new standards will impact current audit procedures and reporting practices.
10:00am - 10:50am EDT - October 26, 2021

Tuesday
10:00am - 10:50am EDT - October 26, 2021 | Room: Vendome B/C
Tasha N. Repp, CPA, ​Speaker - Virtual
Total Minutes: 50

This session will provide an overview of how recent GASB pronouncements are expected to impact financial reporting for Tribal governments and their businesses.  We will also discuss several of the Federal programs provided to Tribes in response to the COVID-19 pandemic and review significant audit risks around each of these programs.



Objectives:
  • Identify how recently issued GASB financial statements impact Tribal government and Tribal business reporting
  • Indicate audit risks of CARES, ARPA and other Federal programs provided to Tribes in response to the COVID-19 pandemic
05:25pm - 06:15pm EDT - October 26, 2021

Tuesday
05:25pm - 06:15pm EDT - October 26, 2021 | Room: Vendome B/C
Total Minutes: 50

The AICPA Professional Ethics Executive Committee issued the State and Local Government Client Affiliates interpretation, and the related Implementation guide, to provide guidance to auditors of state and local government entities in evaluating affiliates of those entities. This session will go through an overview of the revised interpretation, discuss examples of how affiliates would be evaluated using this interpretation, and discuss the tools to assist in the evaluation.



Objectives:
  • Identify changes introduced in the revised interpretation
  • Determine how the new standard impacts identified affiliates of state and local government entities
  • Apply new independence standards to state and local government entity audits
10:00am - 10:50am EDT - October 27, 2021

Wednesday
10:00am - 10:50am EDT - October 27, 2021 | Room: Rivoli AB
Chris Pembrook, CPA, CGAP, ​Speaker - Virtual; Jodi Dobson, CPA, ​Speaker - Virtual
Total Minutes: 50

This session will focus on the financial reporting entity and allow attendees to:

  • Understand the impact of recent GASB standards on the component unit determination
  • Review some unique situations that will make you question what you know
  • Learn what questions auditors should be asking in light of GASB changes and the SLG Affiliates rule


Objectives:
  • Discuss and enhance understanding of the financial reporting entity
  • Identify organizations that should be evaluated for inclusion within the reporting entity
01:10pm - 02:25pm EDT - October 27, 2021

Wednesday
01:10pm - 02:25pm EDT - October 27, 2021 | Room: Rivoli C
Chris Pembrook, CPA, CGAP, ​Speaker - Virtual; Jodi Dobson, CPA, ​Speaker - Virtual
Total Minutes: 75

As governments and auditors prepare for implementation of the new lease accounting and financial reporting standard we will focus on real life examples and practical implementation issues including:

  • Discussion of challenges faced by lessees and lessors as early implementation is underway
  • Review of helpful implementation guide Q&As to assist with the understanding of the guidance
  • When auditing leases, where might you spend your time or focus


Objectives:
  • Analyze examples to consider during implementation
  • Identify useful implementation guide question and answers
Wednesday
01:10pm - 02:25pm EDT - October 27, 2021 | Room: Rivoli AB
William Mendez, CISSP, ​Speaker - Virtual; Steve Baum, ​Speaker - Virtual; Daniel Figueredo, CPA, CGMA
Total Minutes: 75

Technology is rapidly changing and organizations are having to make significant investments to keep up pace. We will discuss new technologies impacting not-for-profits, governmental organizations, and their CPAs. New technologies like the rising presence of digital assets and blockchain have also created new opportunities to accomplish your mission, make investments, as well as fundraise. We will also cover relevant cyber risks and common gaps organizations can identify and address.



Objectives:
  • Discover important considerations, audit risks, and tax risks before diving in with digital assets and blockchain.
  • Determine where your most significant cyber threats lie and how to protect yourself.
  • Identify the changing technology landscape helping remote workers thrive.