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This includes sessions from the conference: 2024 AICPA & CIMA Governmental Accounting & Auditing Online Update
Sessions Included:
Welcome & Keynote: AI and IT Security - How its Impacting the Profession (Aug 13, 2024 10:00 AM)
Emerging Issues in State and Local Government (Aug 13, 2024 11:05 AM)
Single Audit Update (Aug 13, 2024 11:05 AM)
Quality Management Standards (Aug 13, 2024 02:30 PM)
The CPA Talent Pipeline: A Discussion of Profession-Wide and Public Sector Issues (Aug 13, 2024 04:00 PM)
Hot Topics - Single Audit Panel (Aug 14, 2024 11:10 AM)
Seeing is Believing - Visualizing Your Data with Tableau, PowerBI and/or Excel (Aug 14, 2024 01:05 PM)
Chat GPT (Aug 14, 2024 01:05 PM)
Cyber Fraud: How Digital Evolution is Changing the Fraud Threat Landscape (Aug 14, 2024 02:10 PM)
Leading with Mental Health in Mind: Answering your Questions (Aug 14, 2024 03:40 PM)
Asking for a Friend - Q&A & Key Takeaways Panel (Aug 15, 2024 01:10 PM)
Discover how AI, particularly Generative AI and Large Language Models, is revolutionizing the accounting profession. You will gain insights into the latest advancements from industry leaders like OpenAI and Microsoft CoPilot, and understand critical security and privacy considerations specific to government entities. We will also discuss practical AI applications that enhance personal efficiency, accounting processes, and auditing tasks. Join us to stay ahead of the curve and ensure your organization leverages AI responsibly while maintaining data integrity.
Auditors and governments have faced unprecedented circumstances the past few years and the current environment will continue to impact audits in 2024. 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.
The number of single audits being performed each year is still at an all-time high due to historic federal funding levels. Thus, it is important for auditors to stay current, and this session here to help! This session will cover key updates in the 2024 Compliance Supplement, the new Uniform Guidance, and other matters that the Governmental Audit Quality Center has been working on relevant to your upcoming single audits.
The new Quality Management (QM) Standards are required to be implemented by December 15, 2025, which may sound far into the future, but don’t be fooled…firms should be working now on getting their system in place. This session will help practitioners gets out of a “check the box” mentality that can be done with the current standards. We will provide an overview of the new standards, discuss where the new standards require a significant change in approach, and identify some of the challenging aspects of adoption. We will also discuss the implications of the QM standards on governmental and single audits, and offer a pragmatic timeline and approach to implementation, including practical considerations for small firms.
The CPA talent shortage is something that has been widely talked about over the last several years and given the strong demand for CPAs, the conversation is escalating. Within the public sector, that talent gap may be even more pronounced. The AICPA and NASACT joined forces to study the issue and provide recommendations. This session will provide highlights from this public sector survey, focusing on what we learned are the contributing factors but perhaps more importantly what we identified are some potential solutions!
Single audits continue to be a hot topic for governmental organizations. While certain COVID-funded programs are winding down, federal funding subject to single audit continues to be at historic levels and new programs and expanded funding under the Infrastructure Investment and Jobs Act (IIJA) is ramping up. Additional funding coupled with the impending implementation date for the next round of Uniform Guidance changes, and increased scrutiny from funders, the grants compliance environment continues to be a dynamic environment. This session will cover important issues that are currently taking increased time and attention from the grantee and audit communities, as well as discuss best practices when performing a single audit.
If a picture is worth 1,000 words, then how many spreadsheets can you replace with a more meaningful chart or graph?
By attending this session, you will come away with examples and resources for how data visualization can cause positive change for public sector organizations and their finance teams. This tool-neutral session will introduce a common vocabulary for data visualization and provide examples of how to enhance communication and help your team reveal actionable insights in your data.
Dive into the world of ChatGPT and Generative AI in this enlightening session designed for government auditors. We'll provide an overview of ChatGPT, exploring its capabilities and applications. Through practical demos, discover how ChatGPT can streamline processes and jump-start projects. Whether you're looking to automate routine tasks or gain deeper insights from data, this session will equip you with the knowledge and tools to leverage ChatGPT effectively in your auditing practices. Join us to transform your approach to auditing with the latest advancements in AI technology.
This session will include latest trends in cyberfraud, including recent activities by threat actors against state and local governments. Topics will include attack vectors used by cybercriminals, how to spot cyberthreats, and implementing internal control programs to protect Organizations against attempts to commit fraud.
Managers are dealing with mental health and illness on a daily basis - in their teams, and also in themselves. From navigating leaves, to talking through anxiety and feelings of inadequacy, the work of leadership no longer stops with technical proficiency. Beyond theory, what skills, ideas and strategies do managers needs to cultivate to lead with mental health in mind? How we do actually attend, as leaders, to experiences of mental health and illness at work and beyond?
Since it isn't possible to attend every session of the conference, participate in this session to hear summary-level highlights of the key points from every session in the conference! Also, have the chance to get your questions answered!
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