Sunday, October 27, 2019

10/27 12:00PM-5:00PM

Registration & Information Center Open

10/27 1:00PM-5:00PM

GOV19101. Single Audit: A to Z

Troy Rector - Principal | Clark Nuber P.S.
Rachel Stushek - Director | Grant Thornton LLP

This workshop will provide an in-depth perspective for auditors on the requirements of the Uniform Guidance. We will cover the basics of a single audit, from determining when a single audit applies to program selection to program testing to reporting.

Learning Objectives:
1. Identify theory and actionable take-aways to plan single audits.
2. Select federal programs to test.
3. Implement a testing strategy.
4. Report on audit results.

10/27 1:00PM-5:00PM

GOV19102. Deep Dive into UBIT

Dave Moja
Brian Yacker - Managing Partner | YH Advisors

Comprehensive session exploring the unrelated business income tax including analyzing the definition of an unrelated business activity, discussion regarding the 990-T, and an update regarding the changes made by the Tax Cuts and Jobs Act.

Learning Objectives:
1. Learn about all the intricacies of the unrelated business income tax.
2. Become aware of the most common exclusions/exceptions in the UBI area.
3. Receive an update regarding new IRC Sections 512(a)(6) and 512(a)(7).

10/27 1:00PM-5:00PM

GOV19103. GASB for 1st-Timers

Frank Crawford - President | Crawford & Associates, P.C.
Chris Pembrook - Shareholder | Crawford & Associates, PC

This session is primed for those participants that are new or relatively new to GASB accounting and financial reporting principles. We will take an in-depth view at the GASB reporting model, fund accounting, modified accrual accounting and the current financial resources measurement focus, and many other fun topics related to governmental accounting.

Learning Objectives:
1. Gain an understanding of the uniqueness of the GASB reporting model.
2. Provide insight to the various governmental accounting theories and approaches.
3. Review visual examples of government financial statements.

Monday, October 28, 2019

10/28 7:00AM-5:40PM

Registration & Information Center Open

10/28 7:00AM-8:00AM

Continental Breakfast and Vendor Display

10/28 8:00AM-8:10AM

Welcome & Announcements

10/28 8:10AM-9:00AM

GOV1901. State of the Exempt Sector

Kimberly Ellison-Taylor
10/28 9:00AM-9:10AM

Transition Break

10/28 9:10AM-10:00AM

GOV1902. Unique Considerations in Applying GAAP to Tribal Entities

Tasha Repp - Partner | Moss Adams LLP

This session will help participants understand some unique application issues to consider in applying GASB statements to Tribal governments and their enterprises. Specific items that will be reviewed include leases, fiduciary funds, and others. The session will also provide an update on the activities of GASB's tribal working group that is providing input to the GASB on alternative reporting options for Tribal businesses.

Learning Objectives:
1. Recognize potential application considerations for Tribes in implementing newly issued GASB standards.
2. Understand the activities being discussed by GASB’s Tribal Working Group.

10/28 9:10AM-10:00AM

GOV1903. Small but Mighty – Internal Control Tips for Smaller Organizations

Candi Avery - Principal | Clark Nuber P.S.
Jennifer Mistretta - Associate Director | Postlethwaite & Netterville

Small and medium sized entities often struggle with finding the right balance of internal control when headcount is small. This session will cover easy to implement internal controls without breaking the budget.

Learning Objectives:
1. Identify best practices for internal controls.
2. Determine how to evaluate the costs and benefits of implementing internal controls.

10/28 9:10AM-10:00AM

GOV1904. Place your Bets - GASB vs. FASB

Troy Rector - Principal | Clark Nuber P.S.
Tony Boras - Senior Manager | Crowe LLP

Attend this session whether you audit both GASB and FASB entities or your job only involves aspects of one. The key differences between GASB & FASB will be highlighted in order for you to be on top of your game when auditing these entities.

Learning Objectives:
1. Recognize the benefit of separate accounting and financial reporting standards.
2. Differentiate between key terminology.
3. Compare and contrast the guidance related to key areas.

10/28 9:10AM-10:00AM

GOV1905. Data Collection Form / Federal Audit Clearinghouse - Do your submissions pass the test?

Amanda Ward - Partner | Plante & Moran, PLLC

Learn how to navigate the Federal Audit Clearinghouse website and streamline the audit submission process.

Learning Objectives:
1. Identify significant changes to the 2019 DCF and IDES.
2. Recall instructions on how to ensure a smooth audit submission process.
3. Recall how to navigate and search the Federal Audit Clearinghouse  website.

10/28 10:00AM-10:20AM

Morning Refreshment Break

10/28 10:20AM-12:00PM

GOV1907. Assessing Risk in an NFP Entity Audit

Melissa Harman - Partner and Higher Education National Practice Leader | Moss Adams LLP
Kelly Frank - Partner | Crowe LLP
Deana Thorps - Manager - Audit Quality Initiatives | AICPA
10/28 10:20AM-12:00PM

GOV1098. Don't Jeopardize your Independence

Nancy Miller - Managing Director | KPMG LLP
10/28 10:20AM-12:00PM

GOV1909. Single Audit Update - Quality Tips & Common Issues (Repeated in Session 16)

Mary Foelster - Senior Director,Governmental Accounting and Auditing | AICPA
Erica Forhan - Partner | Moss Adams LLP
Kim McCormick - Partner | Grant Thornton LLP
10/28 12:00PM-1:00PM

Lunch

10/28 1:00PM-2:40PM

GOV1910. GASB Update: Review of Newly Effective Standards & Agenda Topics (Repeated in Session 14)

Frank Crawford - President | Crawford & Associates, P.C.
Lisa Parker - Senior Project Manager | Governmental Accounting Standards Board (GASB)
10/28 1:00PM-2:40PM

GOV1911. FASB Update: What's Now? What's New? What's Next? (Repeated in Session 37)

Jeff Mechanick - Assistant Director | Financial Accounting Standards Board

In this session, we'll discuss implementation matters for major standards affecting NFPs (Revenue Recognition, Grants and Contracts, Leases), including resources available, FAQs, and your own questions. We'll also cover other noteworthy recent ASUs (such as on collections and goodwill), and some significant projects in process (especially on the transition away from LIBOR as a reference rate).

Learning Objectives:
1. Obtain an understanding of key considerations in implementing the major standards on Revenue Recognition, Grants and Contracts, and Leases, and where to find resources available from the FASB and others. (Session 41 will feature more on Leases).
2. Develop a general understanding of recent FASB ASUs affecting NFPs.
3. Develop a general awareness of significant FASB projects in process.

10/28 1:00PM-2:40PM

GOV1912. Can You Pass Peer Review? You'd Be Surprised…

Erica Forhan - Partner | Moss Adams LLP
Deana Thorps - Manager - Audit Quality Initiatives | AICPA
10/28 1:00PM-2:40PM

GOV1913. Major Program Determination

Tammie Brown - Assistant Director | DHHS/OIG
Katie Gleason - Deputy State Auditor | NC Office of the State Auditor
10/28 2:40pm-3:00pm

Afternoon Refreshment Break

10/28 3:00PM-4:40PM

GOV1914. GASB Update: Review of Newly Effective Standards & Agenda Topics (Repeat of Session 10)

Frank Crawford - President | Crawford & Associates, P.C.
Lisa Parker - Senior Project Manager | Governmental Accounting Standards Board (GASB)
10/28 3:00PM-4:40PM

GOV1915. Common Errors & Deficiencies in NFP Reporting

Cathy Clarke - Chief Assurance Officer | CliftonLarsonAllen LLP
Melissa Harman - Partner and Higher Education National Practice Leader | Moss Adams LLP
Amish Mehta - Nonprofit Practice Leader | Friedman LLP

Does your Organization’s internal controls instill confidence and comfort that risk is being appropriately managed? It is essential that not-for-profit organizations maintain effective internal controls in order to ensure that their resources are used as intended.
During this course we will discuss common risks that not-for-profits face, specific internal controls that should be in place to manage these risks, and essential steps to establishing effective internal controls to help manage risks within your organization.

Learning Objectives:
1. Identify the most common errors found in not-for-profit financial statements.
2. Determine the impact errors could have on not-for-profit financial statements.
3. Identify how to avoid errors in not-for-profit financial reporting.

10/28 3:00PM-4:40PM

GOV1916. Single Audit Update - Quality Tips & Common Issues (Repeat of Session 9)

Mary Foelster - Senior Director,Governmental Accounting and Auditing | AICPA
Erica Forhan - Partner | Moss Adams LLP
Kim McCormick - Partner | Grant Thornton LLP
10/28 3:00PM-4:40PM

GOV1917. Sampling: How Many do I Test?

Rachel Flanders - Principal | CliftonLarsonAllen LLP
Rachel Stushek - Director | Grant Thornton LLP

Sampling in a single audit can become complicated. This session will offer a review of single audit testing basics, which often includes sampling. Examples will demonstrate how the mixture of facts, decisions and auditor judgments all impact sampling.

Learning Objectives:
1. Recall sampling considerations in a single audit.
2. Identify key underlying concepts to select a proper sample.

10/28 4:40PM-4:50PM

Transition Break

10/28 4:50PM-5:40PM

GOV1918. New Independence Guidance: Affliates Guidance Applies to SLGs Too

Nancy Miller - Managing Director | KPMG LLP
Flo Ostrum - Partner | Grant Thornton LLP
10/28 4:50PM-5:40PM

GOV1919. From the Headlines - Frauds in the NFP Sector

Cathy Clarke - Chief Assurance Officer | CliftonLarsonAllen LLP
Ashley Whitaker - Lead Manager,Not-for-Profit Content Development | AICPA
10/28 4:50PM-5:40PM

GOV1920. Mindfulness in Accounting, Human Intelligence & Beyond

Carey Blakeman
10/28 4:50PM-5:40PM

GOV1921. Understanding Indirect Costs

Troy Rector - Principal | Clark Nuber P.S.
Tasha Repp - Partner | Moss Adams LLP
10/28 5:40PM-6:40PM

Welcome Reception

10/28 10:30AM-12:10PM

GOV1948. Who's in Your Reporting Entity? Considerations (and Errors) in Defining

Flo Ostrum - Partner | Grant Thornton LLP
Scott Reeser - Supervising Project Manager | Governmental Accounting Standards Board (GASB)

The standards around the accounting for the reporting entity has evolved over the years. This session will address this evolution as well as the impact these standards will have on the implementation of GASB standards that will be effective in the near term.

Learning Objectives:
1. Identify component units.
2. Distinguish appropriate presentation of component units.
3. Recognize common pitfalls.

Wednesday, October 30, 2019

10/30 10:20AM-12:00PM

GOV1906. Common Questions Posed on Pensions & OPEB

Scott Reeser - Supervising Project Manager | Governmental Accounting Standards Board (GASB)
Michelle Watterworth - Partner | Plante Moran

There continue to be many questions being asked about the application of the GASB pension and OPEB standards. Participate in this session to get clarification on the recurring questions that have been poised to the GASB, AICPA and others!

Learning Objectives:
1. Identify common questions posed to GASB and AICPA.
2. Evaluate preparation of pension and OPEB information.
3. Assess auditing complexities.

10/30 7:00AM-1:10PM

Registration & Information Center Open

10/30 7:00AM-8:00AM

Continental Breakfast and Vendor Display

10/30 7:30AM-8:20AM

GOV1940. CAFR Goofs

Tony Boras - Senior Manager | Crowe LLP
Angie Dunlap

This session will focus on certain misunderstood and perhaps overlooked elements of the GASB reporting requirements. Learn about some of the nuances of the GASB standards and take away some tips for better CAFR preparation!

Learning Objectives:
1. Identify the most common errors found in SLG financial statements.
2. Analyze the root causes of errors.
3. Determine how to avoid pitfalls.

10/30 7:30AM-8:20AM

GOV1941. A Guide to Understanding and Implementing FASB's Leases Standard

Jeff Mechanick - Assistant Director | Financial Accounting Standards Board
Amish Mehta - Nonprofit Practice Leader | Friedman LLP
10/30 7:30AM-8:20AM

GOV1942. How to Navigate Cryptocurrency & Blockchain

Jay Schulman - Principal | RSM US LLP

This session will provide a background on cryptocurrency and blockchain, how they are different and what the common use cases are for the technology. Additionally, you'll learn the steps a non-profit will have to go through to accept a bitcoin donation as well as long term security of cryptocurrency.

Learning Objectives:
1. Identify the key concepts of blockchain and cryptocurrency.
2. Differentiate between different blockchain use cases.
3. Apply controls to accept and protect cryptocurrency in the non-profit space.

10/30 7:30AM-8:20AM

GOV1943. Tips for Planning to Achieve an Efficient Single Audit (Repeated in Session 55)

Kim McCormick - Partner | Grant Thornton LLP

We all strive for effective Single Audits. Join us to discuss how effective and efficient Single Audits can go hand in hand.

Learning Objectives:
1. Apply lessons learned from last year's audit.
2. Understand how to optimize engagement team structure.
3. Anticipate changes in regulations in planning.

10/30 8:20AM-8:30AM

Transition Break

10/30 8:30AM-10:10AM

GOV1944. What is Happening with the Financial Reporting Model?

Frank Crawford - President | Crawford & Associates, P.C.
Lisa Parker - Senior Project Manager | Governmental Accounting Standards Board (GASB)
10/30 8:30AM-10:10AM

GOV1945. Implementations of ASU 2018-08 Accounting for Grants & Contracts (Repeat of Session 33)

Pete Ugo - Partner | Crowe LLP
Kelly Frank - Partner | Crowe LLP

This session will help attendees prepare for upcoming changes, with a deep dive into ASU 2018-08. It will provide a detailed walkthrough of categorizing grants/contacts as either exchange transactions (contracts with customers under 606) or contributions (non-exchange transactions), as well as then determining when a contribution transaction is conditional or unconditional. The session will also include several examples and implementation guidance for organizations to prepare for and manage the impacts to their financial statements.

Learning Objectives:
1. Describe new standards’ requirements and determine applicability to financial reporting.
2. Implement the guidance in your organization, including the finance team and departments that solicit various forms of revenue.
3. Prepare for the impact to internal policies and communication with financial statement users.

10/30 8:30AM-10:10AM

GOV1946. Cybersecurity Fraud Impacting Not-for-Profits & SLGs

Tim Bryan
Jennifer Mistretta - Associate Director | Postlethwaite & Netterville
10/30 8:30AM-10:10AM

GOV1947. Complex Single Audit Issues

Rachel Flanders - Principal | CliftonLarsonAllen LLP
Flo Ostrum - Partner | Grant Thornton LLP

There are often challenging issues in the performing of a single audit. These can be complex, infrequent, and/or subject to increased auditor judgment. This session will identify these issues and discuss strategies for addressing them.

Learning Obectives:
1. Assess high risk areas of the single audit and how to address.
2. Evaluate best practices to avoid de?ciencies in a single audit.

10/30 10:10AM-10:30AM

Morning Refreshment Break

10/30 10:30AM-12:10PM

GOV1949. Key Strategies to Avoid the Ire of the IRS

Dave Moja
Brian Yacker - Managing Partner | YH Advisors

This session will focus on providing attendees with key strategies and guiadance to put themselves in the best position of avoiding an IRS examination of their Form 990.

Learning Objectives:
1. Learn about the IRS's continued usage of a data-driven analysis to determine which nonprofits they wish to examine.
2. Discuss some of the more common Form 990 'red flags'.
3. Learn how to manage an IRS exam of a nonprofit.

10/30 10:30AM-12:10PM

GOV1950. Data Analytics - What is that?

Kevin Smith
10/30 10:30AM-12:10PM

GOV1951. Single Audit Speed Round

Amanda Ward - Partner | Plante & Moran, PLLC
Michelle Watterworth - Partner | Plante Moran

Come test your knowledge of all things single audit with a session entirely in Q&A format, and you'll learn while having fun!

Learning Objectives:
1. Apply the knowledge gained throughout the conference in various areas of a single audit.
2. Determine lessons learned to example scenarios and determine the appropriate course of action.

10/30 12:10PM-12:20PM

Transition Break

10/30 12:20PM-1:10PM

GOV1952. GASB Implementation Guides - What good are they?

Scott Reeser - Supervising Project Manager | Governmental Accounting Standards Board (GASB)
Angie Dunlap

GASB implementation guidance takes several forms--from stand-alone implementation guides and the annual implementation guide updates. This session will cover major topics addressed in the GASB’s Comprehensive Implementation Guide, and in recently issued implementation guidance in stand-alone implementation guides for fiduciary activities and leases.

Learning Objectives:
1. Review the structure of the Comprehensive Implementation Guide and its place in the GAAP hierarchy.
2. Review topics are addressed in the Comprehensive Implementation Guide.
3. Identify major topics addressed in recently issued stand-alone implementation guides on pensions, other postemployment benefits, fiduciary activities, and leases.

10/30 12:20PM-1:10PM

GOV1953. Key Policies and Procedures to Promote Good Governance

Candi Avery - Principal | Clark Nuber P.S.
Candice Meth - Partner | EisnerAmper LLP

Written policies and procedures are a hallmark of a well-governed organization. In this session we will cover key policies such as conflict of interest, gift acceptance, whistleblower, record retention, and executive compensation that all not-for-profits should have to minimize exposure to risk and abuse, while promoting good governance.

Learning Objectives:
1. Identify core policies all not-for-profits should adopt.
2. Recognize the steps to creating a rebuttable presumption with respect to compensation setting.
3. Indicate talking points to share with governing boards regarding the importance and relevance of such policies.

10/30 12:20PM-1:10PM

GOV1954. Secrets to Marketing Yourself

Liz Rock - Manager - Branded Content & Channels | AICPA

According to studies, the average consumer is exposed to up to 10,000 brand messages a day. As more information is entering the firehose of the digital world, it leads people to wonder – how do you break through the noise? Join us and learn the secrets to becoming more human and reaching your audience with the right message at the right time.

Learning objectives:
1. Go back to the basics of communications and become more human to articulate your targeted messages to your potential customers/clients.
2. Learn tips and tactics on how to utilize social media and digital communication to reach your audience where they’re consuming content.
3. Develop an understanding of strategy and processes to lead your marketing and communication efforts.

10/30 12:20PM-1:10PM

GOV1955. Tips for Planning to Achieve an Efficient Single Audit (Repeat of Session 43)

Kim McCormick - Partner | Grant Thornton LLP

We all strive for effective Single Audits. Join us to discuss how effective and efficient Single Audits can go hand in hand.

Learning Objectives:
1. Apply lessons learned from last year's audit.
2. Understand how to optimize engagement team structure.
3. Anticipate changes in regulations in planning.

10/30 1:10PM

Conference Adjourns

Tuesday, October 29, 2019

10/29 7:00AM-4:50PM

Registration & Information Center Open

10/29 7:00AM-8:00AM

Continental Breakfast and Vendor Display

10/29 7:30AM-8:20AM

GOV1922. Artificial Intelligence and Detecting Fraud In Government

Tim Bryan

Businesses and Governments process a high-volume of transactions everyday. Learn how artificial intelligence and machine learning can help you discover data anomalies in data to reduce fraud and increase efficiencies in management. We will walk you through a real life example of how artificial intelligence assisted an entity in discovering improper payments and procurements with 90% less effort than manually reviewing such transactions. Leveraging available technology can dramatically improve results with greater efficiency.

Learning Objectives:
1. Gain an understanding of how pervasive fraud is in our government environments.
2. Become aware of the AI and Machine learning techniques that are becoming part of our everyday lives.
3. Learn how Machine Learning can be used to identify fraud.

10/29 7:30AM-8:20AM

GOV1923. Post-Implementation Debrief: ASU 2016-14

Cathy Clarke - Chief Assurance Officer | CliftonLarsonAllen LLP
Ashley Whitaker - Lead Manager,Not-for-Profit Content Development | AICPA
10/29 8:20AM-8:30AM

Transition Break

10/29 8:30AM-10:10AM

GOV1924. Is it Fiduciary or is it Not? A Series of Scenarios (Repeated in Session 36)

Lisa Parker - Senior Project Manager | Governmental Accounting Standards Board (GASB)
Michelle Watterworth - Partner | Plante Moran

GASB 84 will be first effective for December 31, 2019 year ends. There are many nuances to this standard that are important to understand. Attend this session to learn how to appropriately apply the provisions of this standard to various transactions and then how to report them within governmental financial statements!

Learning Objectives:
1. Identify fiduciary activities.
2. Analyze potential changes to the reporting entity.
3. Determine appropriate reporting.

10/29 8:30AM-10:10AM

GOV1925. Whew, I Don't Have Any UBI.......Or Do I?

Dave Moja
Brian Yacker - Managing Partner | YH Advisors

Review and analysis of real-life nonprofit scenarios and situations by two experienced nonprofit practitioners in an attempt to determine whether reporting UBI is required.

Learning Objectives:
1. Learn about the types of revenue which are commonly classified as unrelated business income.
2. Learn about the most common exclusions/excsptions which a nonprofit can take advantage of to avoid the impoisition of the unrelated business income tax.
3. Receive answers to your most pressing UBI questions.

10/29 8:30AM-10:10AM

GOV1926. ASB Update

Erica Forhan - Partner | Moss Adams LLP
Laura Hyland - Senior Manager | AICPA
10/29 8:30AM-10:10AM

GOV1927. Sampling Case Studies: How Do I Apply the Facts, Decisions & Judgements?

Rachel Flanders - Principal | CliftonLarsonAllen LLP
Rachel Stushek - Director | Grant Thornton LLP

Sampling concepts learned in Session 17 will be expanded to real life situations auditors may encounter on a single audit. This session will include several different case studies to provide examples on how to apply sampling concepts and work through difficult and challenging issues when sampling in a single audit.

Learning Objectives:
1. Determine auditor considerations related to population completeness, calculations of sample sizes, and risk.
2. Identify when sampling may not be appropriate for a population in a single audit.

10/29 10:10AM-10:30AM

Morning Refreshment Break

10/29 10:30AM-12:10PM

GOV1928. GASB Leases Part 1: Understanding Statement 87

Chris Pembrook - Shareholder | Crawford & Associates, PC
10/29 10:30AM-12:10PM

GOV1929. Endowments, Beyond Basics: Navigating the Complexities of Accounting and Reporting

Candice Meth - Partner | EisnerAmper LLP
Pete Ugo - Partner | Crowe LLP

Endowments are one of the most complicated aspects of not-for-profit accounting. The complexity and specific details of each donor’s agreement could impact the accounting and financial reporting within your organization. This session will focus on examples of various types of endowment gifts and agreements, including the accounting, income allocation, spending policies and financial reporting requirements. Topics will also include underwater endowment accounting, term endowments and pooled endowment funds, among others.

Learning Objectives:
1. Identify the different types of endowment gifts.
2. Analyze specific scenarios with respect to underwater endowments
3. Determine proper financial reporting for endowments.

10/29 10:30AM-12:10PM

GOV1930. 2018 Yellow Book: What is New Now and in the Future

Nancy Miller - Managing Director | KPMG LLP
Angie Dunlap

This session provides an update of changes in governmental and U.S. auditing standards including the revised Yellow Book. Session will share a comparison of the 2011 Yellow Book and the 2018 Yellow Book. We will also discuss the possible implementation issues, challenges, and easy to-dos when implementing these new standards.

Learning Objectives:
1. Recall the new Yellow Book standards.
2. Identify changes introduced in the 2018 Yellow Book.
3. Recognize effective dates and timing for changes identified.

10/29 10:30AM-12:10PM

GOV1931. Internal Control Over Compliance: Theory

Brittney Williams - Partner | Heinfeld, Meech & Co.
Katie Gleason - Deputy State Auditor | NC Office of the State Auditor
10/29 12:10PM-1:10PM

Lunch

10/29 1:10PM-2:50PM

GOV1932. GASB Leases Part 2: How to Apply it

Chris Pembrook - Shareholder | Crawford & Associates, PC
10/29 1:10PM-2:50PM

GOV1933. Implementations of ASU 2018-08 Accounting for Grants & Contracts (Repeated in Session 45)

Pete Ugo - Partner | Crowe LLP
Kelly Frank - Partner | Crowe LLP

This session will help attendees prepare for upcoming changes, with a deep dive into ASU 2018-08. It will provide a detailed walkthrough of categorizing grants/contacts as either exchange transactions (contracts with customers under 606) or contributions (non-exchange transactions), as well as then determining when a contribution transaction is conditional or unconditional. The session will also include several examples and implementation guidance for organizations to prepare for and manage the impacts to their financial statements.

Learning Objectives:
1. Describe new standards’ requirements and determine applicability to financial reporting.
2. Implement the guidance in your organization, including the finance team and departments that solicit various forms of revenue.
3. Prepare for the impact to internal policies and communication with financial statement users.

10/29 1:10PM-2:50PM

GOV1934. Approaching Accounting & Auditing Estimates

Melissa Harman - Partner and Higher Education National Practice Leader | Moss Adams LLP
Kevin Smith
10/29 1:10PM-2:50PM

GOV1935. Internal Control Over Compliance: Hands-On

Brittney Williams - Partner | Heinfeld, Meech & Co.
Katie Gleason - Deputy State Auditor | NC Office of the State Auditor
10/29 2:50PM-3:10PM

Afternoon Refreshment Break

10/29 3:10PM-4:50PM

GOV1936. Is it Fiduciary or is it Not? A Series of Scenarios (Repeat of Session 24)

Lisa Parker - Senior Project Manager | Governmental Accounting Standards Board (GASB)
Michelle Watterworth - Partner | Plante Moran

GASB 84 will be first effective for December 31, 2019 year ends. There are many nuances to this standard that are important to understand. Attend this session to learn how to appropriately apply the provisions of this standard to various transactions and then how to report them within governmental financial statements!

Learning Objectives:
1. Identify fiduciary activities.
2. Analyze potential changes to the reporting entity.
3. Determine appropriate reporting.

10/29 3:10PM-4:50PM

GOV1937. FASB Update: What's Now? What's New? What's Next? (Repeated in Session 37)

Jeff Mechanick - Assistant Director | Financial Accounting Standards Board

In this session, we'll discuss implementation matters for major standards affecting NFPs (Revenue Recognition, Grants and Contracts, Leases), including resources available, FAQs, and your own questions. We'll also cover other noteworthy recent ASUs (such as on collections and goodwill), and some significant projects in process (especially on the transition away from LIBOR as a reference rate).

Learning Objectives:
1. Obtain an understanding of key considerations in implementing the major standards on Revenue Recognition, Grants and Contracts, and Leases, and where to find resources available from the FASB and others. (Session 41 will feature more on Leases).
2. Develop a general understanding of recent FASB ASUs affecting NFPs.
3. Develop a general awareness of significant FASB projects in process.

10/29 3:10PM-4:50PM

GOV1938. Uniform Guidance from a Regulator Perspective

Tammie Brown - Assistant Director | DHHS/OIG
Mary Foelster - Senior Director,Governmental Accounting and Auditing | AICPA
Laura Rainey - Audit Manager | National Science Foundation
10/29 3:10PM-4:50PM

GOV1939. Evaluating & Reporting Findings in a Single Audit

Amanda Ward - Partner | Plante & Moran, PLLC
Brittney Williams - Partner | Heinfeld, Meech & Co.

This session will explore the steps necessary to take to determine if an exception is a finding. We will also explore how to properly classify, report, and communicate findings  in accordance with the regulatory requirements.

The  session will cover:
- An update on evaluating and reporting audit findings;
- How, and if, to modify the audit strategy if finding is identified;
- The required reporting elements of a findings under GAGAS and the Uniform Guidance.

Learning Objectives:
1. Provide knowledge on how to analyze findings reported under Uniform Guidance and Government Auditing Standards.
2. Provide various walkthrough examples using auditor judgement in case studies.
3. Apply provided guidance to evaluate results of internal control over compliance and compliance testing.
4. Apply the reporting requirements of a single audit.
5. Analyze case studies to evaluate and report findings in a single audit.