Thumbnail for 2023 AICPA & CIMA Governmental Accounting & Auditing Online Update

2023 AICPA & CIMA Governmental Accounting & Auditing Online Update



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This includes sessions from the conference: 2023 AICPA & CIMA Governmental Accounting & Auditing Online Update

Sessions Included:

Welcome and KEYNOTE - Navigating Uncertainty (Aug 14, 2023 09:50 AM)

Secrets, Conspiracies and Hidden Patterns: Detecting and Combatting Fraud in the Public Sector (Aug 14, 2023 11:05 AM)

Leading in the IG Community - the Impact of Oversight (Aug 14, 2023 02:30 PM)

Single Audit Update (Aug 14, 2023 02:30 PM)

Empowering Yourself and Your Organization with Data Literacy (Aug 14, 2023 04:00 PM)

SOC Engagements (Aug 15, 2023 11:10 AM)

Hot Topics - SLG Financial Statements Panel (Aug 15, 2023 11:10 AM)

Single Audit Update - REPLAY (Aug 15, 2023 11:10 AM)

Opioids Settlement Accounting: Choosing the Right Treatment (Aug 15, 2023 01:05 PM)

Ethics in Practice: Update and Hot Topics (Aug 15, 2023 01:05 PM)

Leases (SBITA)/GASB 87 (Lessons Learned) and GASB 96 (Aug 15, 2023 02:10 PM)

Hot Topics - Single Audit Panel (Aug 15, 2023 02:10 PM)

How to Thrive in a Hybrid Work Environment (Aug 15, 2023 03:40 PM)

Risk Assessment Under SAS No. 145 (Aug 16, 2023 10:05 AM)

OMB Update (Aug 16, 2023 11:35 AM)

GASB Update REPLAY (Aug 16, 2023 11:35 AM)

Key Takeaways Panel and Q&A and Closing Remarks (Aug 16, 2023 01:10 PM)

$29900
Standard Price
  • Thumbnail for Welcome and KEYNOTE - Navigating Uncertainty
    Identification
    GAE2301
    Date
    August 14, 2023

    There are important risks and opportunities facing the economy, financial markets, and businesses. This talk includes an evaluation of recent trends, current data, and future risks and opportunities. This talk will also include critical strategic recommendations and actionable takeaways and recommendations.

    In this discussion, join economist and futurist Jason Schenker who will discuss inflation and interest rates as well as risks that threaten growth and corporate profits. Mr. Schenker will also discuss labor market data, apparently mixed labor market signals, and the war for talent. Finally, Mr. Schenker will also delve into the subject of Cold War Two®, the end of globalization, and associated supply chain risks.

    Looking into the future of technology and work, Mr. Schenker will discuss several critical long-term trends in demographics and technology, including how ChatGPT and other AI technologies will be valuable and increasingly common. Mr. Schenker will share actionable winning strategies for the current uncertain environment now and for the years ahead.

    Objectives

    • Identify current economic and financial market trends and their potential impacts on business.
    • Analyze key upside and downside risks to the economic and financial market outlook.
    • Recognize Cold War Two® and associated geopolitical risks to the global economy and financial outlook.
    • Identify the most important labor market trends and dynamics, including the impact on the war for talent.
    • Identify opportunities to use generative AI, like ChatGPT, while maintaining due care and fiduciary duties.

    Speaker

    Speaker Image for Jason Schenker
    Jason Schenker, FLTA® CFP® CMT® ERP® SCR®
    Chairman of The Futurist Institute; President of Prestige Economics, The Futurist Institute and Prestige Economics
    $4900
    Standard Price
  • Thumbnail for Secrets, Conspiracies and Hidden Patterns: Detecting and Combatting Fraud in the Public Sector
    Identification
    GAE2304
    Date
    August 14, 2023

    The presentation will discuss the latest trends in fraud to impact the public sector.  Through use of actual investigation case studies and examples, we will discuss the most common fraud schemes impacting the public sector.  The presentation will also discuss effective internal controls that can be used to deter various common fraud schemes and will illustrate the use of data analytics in the detection of fraud.

    Objectives

    • Identify the most prevalent fraud schemes that impact the public sector.
    • Identify common red flags for those fraud schemes.
    • Identify effective internal controls to deter those fraud schemes, and data analytics that can be used to assist in the detection of those fraud schemes.

    Speaker

    Speaker Image for Shauna Woody-Coussens
    National Practice Leader, Public Sector Advisory Services, Forvis Mazars, LLP
    $4900
    Standard Price
  • Thumbnail for Leading in the IG Community - the Impact of Oversight
    Identification
    GAE2306
    Date
    August 14, 2023

    Conducting Oversight in the 21st Century - how we are working together to impact the efficiency and effectiveness of government.

    Objectives

    • Identify background and updates on Inspector General Community.
    • Recognize impact of Oversight Work.
    • Recognize Pandemic Oversight - the Impact of the PRAC
    • Identify where we are going from here.

    Speakers

    Speaker Image for Tammy Hull
    Inspector General, U.S. Postal Service
    Speaker Image for David Gross
    Director, Leadership & Mission Support Academy, CIGIE Training Institute
    $4900
    Standard Price
  • Thumbnail for Single Audit Update
    Identification
    GAE2308
    Date
    August 14, 2023

    Single audits continue to be a hot topic for governments. Federal funding subject to single audit continues at historic levels and, while winding down, COVID-19 funding continues to be subject to audit for many entities. This session will cover updates in the 2023 Compliance Supplement, resources to help you complete your single audit and discuss nuances in federal funding.

    Objectives

    • Identify key information in the 2023 OMB Compliance Supplement
    • Identify the latest federal funding nuances and related single audit implications
    • Recognize news from the AICPA Governmental Audit Quality Center
    • Identify single audit developments and the single audit landscape looking forward

    Speakers

    Speaker Image for Lindsey Oakley
    Partner, Forvis Mazars
    Speaker Image for Mary Foelster
    Senior Director, Governmental Auditing and Accounting, AICPA
    $4900
    Standard Price
  • Thumbnail for Empowering Yourself and Your Organization with Data Literacy
    Identification
    GAE2309
    Date
    August 14, 2023

    The world moves at an incredible pace in our day and age. How does one keep up with it? How does one develop the skills to succeed in this world? Come join Jordan Morrow, the Godfather of Data Literacy, as he discusses the topic of data literacy. Jordan will touch upon what data literacy is, the world of data, and how to be more data driven. Jordan will also touch upon the world of data literacy and AI. Come join for a fun and engaging session!

    Objectives

    • Identify what is data literacy
    • Recognize the world of data and the objective of using data to make decisions
    • Identify what it means to be data driven and how to become more data driven
    • Recognize the world of data literacy and AI
    $4900
    Standard Price
  • Thumbnail for SOC Engagements
    Identification
    GAE2311
    Date
    August 15, 2023

    Learn about service organization relationships and your responsibilities as a user of third-party services. On completion of the training you will:

    • Know the difference between a service organization and a subservice organization 
    • Understand the risks associated with service organizations - specifically cloud service providers
    • Be aware of user responsibilities and complementary user entity controls common to third-party arrangements
    • Have knowledge of best practice monitoring activities over service organizations

    Objectives

    • Identify the difference between a service organization and a subservice organization
    • Analyze the risks associated with service organizations
    • Identify user responsibilities and complementary user entity controls
    • Identify best practice monitoring activities over service organizations

    Speakers

    Speaker Image for Cindy Gross
    Cindy Gross, CPA, CISA, CCSFP, CHPSE
    IT Compliance Director, Moss Adams
    Speaker Image for Brian Royer
    Team Leader, U.S. Department of Defense OIG
    $4900
    Standard Price
  • Thumbnail for Hot Topics - SLG Financial Statements Panel
    Identification
    GAE2312
    Date
    August 15, 2023

    Auditors and governments faced unprecedented circumstances the past few years and the current environment will continue to impact audits in 2023. Government auditors face several practice issues, making it difficult to perform effective and efficient audits while maintaining the quality stakeholders and our profession expect. Learn about the latest developments impacting state and local government financial statement audits and how to navigate them.

    Objectives

    • Identify how the current environment is impacting the planning and risk assessment process for state and local government audits.
    • Recall the latest findings identified in the peer review process.
    • Recognize the content of the AICPA Audit Guides including new content that has been developed over the last few years and how you can leverage this great content to your advantage.
    • Identify other challenges impacting SLG audits this year and how to best address them.

    Speakers

    Speaker Image for Michelle Watterworth
    Partner, Plante Moran
    Speaker Image for Tony Boras
    Partner, Crowe LLP
    Speaker Image for Marla Hummel
    Partner, Grant Thornton LLP
    $4900
    Standard Price
  • Thumbnail for Single Audit Update - REPLAY
    Identification
    GAE2313
    Date
    August 15, 2023

    Single audits continue to be a hot topic for governments. Federal funding subject to single audit continues at historic levels and, while winding down, COVID-19 funding continues to be subject to audit for many entities. This session will cover updates in the 2023 Compliance Supplement, resources to help you complete your single audit and discuss nuances in federal funding.

    Objectives

    • Identify key information in the 2023 OMB Compliance Supplement
    • Identify the latest federal funding nuances and related single audit implications
    • Recognize news from the AICPA Governmental Audit Quality Center
    • Identify single audit developments and the single audit landscape looking forward

    Speakers

    Speaker Image for Lindsey Oakley
    Partner, Forvis Mazars
    Speaker Image for Mary Foelster
    Senior Director, Governmental Auditing and Accounting, AICPA
    $4900
    Standard Price
  • Thumbnail for Opioids Settlement Accounting: Choosing the Right Treatment
    Identification
    GAE2315
    Date
    August 15, 2023

    State and local governments stand to receive more than $54 billion over 18 years from legal settlements with the manufacturers, distributors, and retailers of prescription opioids. The complexity of the settlement provisions and differences in how states are handling the distribution of proceeds to localities have resulted in there being no single answer to the question, "How should my government account for and report the settlement money?" This session lays out the steps that governments and their auditors should take and the questions they should ask in order to determine the appropriate accounting and financial reporting standards to follow. 

    Objectives

    • Identify the key factors that determine the appropriate accounting
    • Distinguish between the settlement provisions that are most relevant to the accounting standards
    • Identify the applicability of exchange versus nonexchange transactions and program versus general revenue

    Speaker

    Speaker Image for Dean Mead
    Partner, Government & Public Sector Sub-Line Leader, Carr, Riggs & Ingram CPAs and Advisors
    $4900
    Standard Price
  • Thumbnail for Ethics in Practice: Update and Hot Topics
    Identification
    GAE2316
    Date
    August 15, 2023

    This session will provide you a high-level overview of the independence and ethics standards when serving audit clients subject to Yellow Book requirements, including commonly asked questions and AICPA ethics activities and updates and hot topics relevant to the profession. We will review certain nonaudit services that are prohibited and others that maybe allowable once the services are evaluated under the Conceptual Framework. Discuss best practices and guidance for preparing related independence documentation. Review available resources to assist auditors in complying with the applicable independence standards.

    Objectives

    • Identify a high-level understanding of the Yellow Book independence standards
    • Identify when to apply the Conceptual Framework when evaluating nonaudit services
    • Recognize the AICPA’s recent affiliate definition to State and Local Governments
    • Identify a high-level overview of AICPA ethics activities

    Speakers

    Speaker Image for Anna Dourdourekas
    Partner, Grant Thornton LLP
    Speaker Image for Flo Ostrum
    Partner, Grant Thornton LLP
    $4900
    Standard Price
  • Thumbnail for Leases (SBITA)/GASB 87 (Lessons Learned)  and GASB 96
    Identification
    GAE2318
    Date
    August 15, 2023

    Auditees may find the session useful as well. In addition to exploring some of the more significant implementation challenges and key auditor considerations, specifics topics to be covered include the following:

    • Practical application tips on GASB's SBITA standards and similarities with GASB’s lease standard
    • Auditing considerations for SBITA assets, liabilities, and other related financial statement amounts
    • Helpful tips for auditors in developing an effective and efficient audit approach
    • A summary of reporting matters relating to new standards
    • Answers to common questions related to the new standards

    Objectives

    • Apply the single model for recording leases and SBITAs
    • Differentiate implementation challenges related to GASB Statement No. 87 and GASB Statement No. 96
    • Identify key auditor considerations
    • Identify an effective and efficient audit approach

    Speakers

    Speaker Image for Chris Pembrook
    Chris Pembrook, CPA, CGAP
    Shareholder, Crawford & Associates, P.C.
    $4900
    Standard Price
  • Thumbnail for Hot Topics - Single Audit Panel
    Identification
    GAE2319
    Date
    August 15, 2023

    Performing a single audit can present unique challenges that are complex, infrequent and/or subject to significant auditor judgment. This session will provide essential information as you plan your 2023 single audits and will address commonly asked questions received by the GAQC, from members. The panelists will discuss best practices, practical applications and lessons learned.

    Objectives

    • Identify common single audit questions and determine answers based on guidance available
    • Apply lessons learned, best practices and practical applications in performing a single audit

    Speakers

    Speaker Image for Lindsey Oakley
    Partner, Forvis Mazars
    Speaker Image for Amanda Ward
    Partner, Plante Moran
    $4900
    Standard Price
  • Thumbnail for How to Thrive in a Hybrid Work Environment
    Identification
    GAE2320
    Date
    August 15, 2023

    In today’s “new normal” environment, a remote or partially remote workforce is part of organizational reality. What works? What fails? This facilitated discussion covers the topic from both the human resources viewpoint and the employee's perspective.

    The goal of this discussion is to empower staff to fit into the new hybrid workplace and build the skills and processes needed to be a part of a focused and productive hybrid team. Attendees will examine communication and conflict patterns that virtual teams fall into and discuss overcoming challenges that can damage high-performing teams.

     Finally, we will discuss strategies for building accountability into decisions so teams do what they say they will do, even from a distance.

    Objectives

    • Identify how staff can fit into the new hybrid workplace
    • Identify the skills and processes needed to be a part of a focused and productive hybrid team
    • Recognize challenges that can damage high-performing teams

    Speaker

    Speaker Image for Karl Ahlrichs
    Karl J. Ahlrichs, SHRM-SCP, SPHR, CSP
    Senior Consultant, ExpertSpeaks
    $4900
    Standard Price
  • Thumbnail for Risk Assessment Under SAS No. 145
    Identification
    GAE2321
    Date
    August 16, 2023

    Are you ready to comply with SAS No. 145? This session will focus on key risk assessment concepts and significant changes associated with SAS No. 145, including requirements related to the components of the entity’s system of internal control.

    Objectives

    • Recognize key risk assessment concepts in applying SAS No. 145 in identifying and assessing risks of material misstatement
    • Interpret more significant risk assessment related changes associated with SAS No. 145
    • Identify risk assessment procedures related to the various components of the entity’s system of internal control
    • Recall when and how to evaluate design and determine the implementation of controls

    Speakers

    Speaker Image for Marla Hummel
    Partner, Grant Thornton LLP
    Speaker Image for Maria Manasses
    Deputy Chief Auditor, Audit & Assurance Services, Grant Thornton LLP
    $4900
    Standard Price
  • Thumbnail for OMB Update
    Identification
    GAE2322
    Date
    August 16, 2023

    The Deputy Controller will provide an overview of government-wide initiatives.

    Objectives

    • Identify government-wide initiatives

    Speaker

    Speaker Image for Deidre Harrison
    Deputy Controller, OMB
    $4900
    Standard Price
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