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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)
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.
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.
Conducting Oversight in the 21st Century - how we are working together to impact the efficiency and effectiveness of government.
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.
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!
Learn about service organization relationships and your responsibilities as a user of third-party services. On completion of the training you will:
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.
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.
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.
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.
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:
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.
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.
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.
The Deputy Controller will provide an overview of government-wide initiatives.
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