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Learn about trends impacting government, society, and the accountability community. The Comptroller General will review key challenges faced by the nation, the federal government’s unsustainable long-term fiscal path; challenges posed by divergent economic growth and key trends outlined in GAO’s most recent Strategic Plan.
This session provides an overview of new and upcoming auditing and attest standards that may impact an auditor or audit organization in the next year. Both new guidance from the Auditing Standards Board (ASB) and the GAO will be addressed.
Dr. Brett Baker will present topics addressing recent areas of common interest in the federal oversight community:
· OIG community projects to address government-wide risks
· Summary of DATA Act work
· IT Security and FISMA
· Financial statement audit
· Pandemic response efforts
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.
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.
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.
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.
The Innovation Lab at the U.S. Government Accountability Office established an environment for testing digital ledger and smart contracts, and is currently testing the prototype ledger for internal and external applications. During this session, Martin Skorczynski will share his experience from deploying and operating digital ledger for both operational and audit purposes. The session will cover key implementation considerations including IT, cybersecurity, compliance, and training.
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.
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.
This session will start with a quick look at how Artificial intelligence, Blockchain, Cybersecurity, and Data governance are impacting the accounting ecosystem supporting transaction recordation and financial reporting. Then we’ll dive deeper into how to identify opportunities for automation, whether with traditional programming, robotic process automation (RPA), or machine learning. We’ll close out with a look at how the role of the finance team leader will change and the skills needed to be successful in the near future.
The Deputy Controller in the Office of Federal Financial Management at OMB will provide a general overview of OMB activities.
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.
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.
Learn about significant changes to the GAO/CIGIE Financial Audit Manual (FAM) issued in June 2022, updated to reflect changes in auditing standards, OMB audit guidance, and clarification of certain issues. Also, gain an understanding of GAO's current efforts to revise the Federal Information System Controls Audit Manual (FISCAM) for changes in technologies and related standards and criteria.
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.
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.
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.
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.
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.
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.