Sessions For October 29

29

Tuesday
7:30AM-8:20AM

GOV19201. Best Strategies for Dealing with the Nonprofit Parking Tax

Instructor: Dave Moja, Brian Yacker
Track: NFP
Knowledge Level: Basic
Field of Study: Information Technology
CPE Credits: 1.0

After some brief introductory remarks from the two presenters, the focus of this session will be on having a real-world discussion regarding how nonprofits and practitioners can best address the §512(a)(7) parking tax, including keeping a “big picture” perspective, strategies for calculating “parking expenses”, the importance of contemporaneous documentation and the consequences of non-compliance. Attendees should come armed with all their questions regarding the §512(a)(7) parking tax since there will be ample opportunity throughout the session to ask those questions.

29

Tuesday
7:30AM-8:20AM

GOV1922. Artificial Intelligence and Detecting Fraud In Government

Instructor: Tim Bryan, Kathy Lai
Track: Intersection
Knowledge Level: Basic
Field of Study: Information Technology
CPE Credits: 1.0

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.

29

Tuesday
7:30AM-8:20AM

GOV1923. Post-Implementation Debrief: ASU 2016-14

Instructor: Cathy Clarke, Ashley Whitaker
Track: NFP
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

8:20AM-8:30AM

29

Tuesday
8:30AM-10:10AM

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

Instructor: Lisa Parker, Michelle Watterworth
Track: SLG
Knowledge Level: Intermediate
Field of Study: Accounting (Governmental), Auditing (Governmental)
CPE Credits: 2.0

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.

29

Tuesday
8:30AM-10:10AM

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

Instructor: Dave Moja, Brian Yacker
Track: NFP
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 2.0

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.

29

Tuesday
8:30AM-10:10AM

GOV1926. ASB Update

Instructor: Erica Forhan, Laura Hyland
Track: Intersection
Knowledge Level: Intermediate
Field of Study: Auditing
CPE Credits: 2.0

29

Tuesday
8:30AM-10:10AM

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

Instructor: Rachel Flanders, Rachel Stushek
Track: Single Audit
Knowledge Level: Intermediate
Field of Study: Auditing (Governmental)
CPE Credits: 2.0

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.

10:10AM-10:30AM

29

Tuesday
10:30AM-12:10PM

GOV1928. GASB Leases Part 1: Understanding Statement 87

Instructor: Chris Pembrook, Kevin Smith
Track: SLG
Knowledge Level: Basic
Field of Study: Accounting (Governmental)
CPE Credits: 2.0

Statement 87 addressing Leases takes effect in 2020. The new guidance changes the recognition and measurement model used for reporting lease liabilities by both lessees and lessors. This session will go through the basic requirements in Statement 87 to help prepare you for implementation.

Learning Objectives:

• Recall requirements in GASB 87.
• Identify arrangements that are considered leases.
• Estimate the length of a lease for financial reporting purposes.
• Recognize factors in the measurement of lease for both lessees and lessors.

29

Tuesday
10:30AM-12:10PM

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

Instructor: Candice Meth, Pete Ugo
Track: NFP
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 2.0

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.

29

Tuesday
10:30AM-12:10PM

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

Instructor: Nancy Miller, Angie Dunlap, Elaine Cahoon
Track: Intersection
Knowledge Level: Update
Field of Study: Auditing (Governmental)
CPE Credits: 2.0

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.

29

Tuesday
10:30AM-12:10PM

GOV1931. Internal Control Over Compliance: By the Standards

Instructor: Katie Gleason, Brittney Williams
Track: Single Audit
Knowledge Level: Basic
Field of Study: Auditing (Governmental)
CPE Credits: 2.0

This session will focus on the internal control requirements of the Uniform Guidance.

Learning objectives:
1. Recognize the requirements of UG related to understanding and documenting internal controls over compliance.
2. Recall the attributes of the COSO model.
3. Establish the fundamental understanding with a step by step approach to documenting internal controls in a single audit
4. Review the new Compliance Supplement Part VI
5. Identify the typical types of controls noted in most single audits.

12:10PM-1:10PM

29

Tuesday
1:10PM-2:50PM

GOV1932. GASB Leases Part 2: How to Apply it

Instructor: Chris Pembrook, TBD
Track: SLG
Knowledge Level: Intermediate
Field of Study: Accounting (Governmental)
CPE Credits: 2.0

This session builds on GASB Leases Part 1 by illustrating how to apply the concepts to real world leases. This is an application focused session to get you ready for implementation in 2020. Using examples, this session will highlight the nuances of the standard and how different contract terms can change the accounting.

Learning Objectives:
• Recall accounting treatment under the leases guidance.
• Analyze contracts as leases.
• Calculate lease liabilities and assets.
• Identify potential implementation issues.

29

Tuesday
1:10PM-2:50PM

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

Instructor: Kelly Frank, Pete Ugo
Track: NFP
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 2.0

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.

29

Tuesday
1:10PM-2:50PM

GOV1934. Approaching Accounting & Auditing Estimates

Instructor: Melissa Harman, Kevin Smith
Track: Intersection
Knowledge Level: Advanced
Field of Study: Accounting, Auditing
CPE Credits: 2.0

This session will cover the areas in nonprofit and governmental accounting that require significant estimates. During this session, we will cover the preparer and auditing perspective including:
* Discounts on long-term receivables including pledge receivables
* Collectability and allowances on receivables
* Valuation and impairment of investments
* Deferred revenue, liabilities and swaps
* Allocations of expenditures
* Useful lives and impairment of long-lived assets
* Donated goods and services
* Pension obligations
* Asset retirement obligations
* Split-interest agreements

Learning Objectives:
1. Reconstruct the estimates listed in the session description.
2. Evaluate the audit and accounting implications of misjudging estimates.
3. Interpret an estimate and correctly audit.

29

Tuesday
1:10PM-2:50PM

GOV1935. Internal Control Over Compliance: Application

Instructor: Katie Gleason, Brittney Williams
Track: Single Audit
Knowledge Level: Intermediate
Field of Study: Auditing (Governmental)
CPE Credits: 2.0

Building on the concepts learned in Session 31, this session will focus on the process of identifying effective internal control over compliance and how the auditor decides whether a control is designed and implemented effectively.

Learning objectives:
1. Identify control objectives for each compliance requirement.
2. Analyze compliance processes and controls within processes.
3. Recognize risks within processes ("what can go wrong" risks).
4. Determine whether controls have been placed into operation and are operating effectively.
5. Provide examples of each of the components of internal controls
5. Apply theory to various case scenarios.

29

Tuesday
3:10PM-4:50PM

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

Instructor: Lisa Parker, Michelle Watterworth
Track: SLG
Knowledge Level: Intermediate
Field of Study: Accounting (Governmental), Auditing (Governmental)
CPE Credits: 2.0

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.

29

Tuesday
3:10PM-4:50PM

GOV1937. FASB Update: What's Now? What's New? What's Next? (Repeat of session 11)

Instructor: Jeff Mechanick
Track: NFP
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 2.0

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.

29

Tuesday
3:10PM-4:50PM

GOV1938. Uniform Guidance from a Regulator Perspective

Instructor: Tammie Brown, Mary Foelster, Laura Rainey
Track: Single Audit
Knowledge Level: Basic
Field of Study: Auditing (Governmental)
CPE Credits: 2.0

Federal agencies regularly review single audits to ensure that the audits are of a high quality and can be relied on as part of an effective awardee monitoring program. This session will provide a regulator's viewpoint on quality control and desk reviews and common trends that are found. Attendees will gain best practices for auditors that are being reviewed by a federal agency.

Learning objectives:
1. Identify common quality issues in single audits.
2. Distinguish best practices for handling a federal review.

29

Tuesday
3:10PM-4:50PM

GOV1939. Evaluating & Reporting Findings in a Single Audit

Instructor: Amanda Ward, Brittney Williams
Track: Single Audit
Knowledge Level: Intermediate
Field of Study: Auditing (Governmental)
CPE Credits: 2.0

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.