Sessions For October 28

8:00AM-8:10AM

28

Monday
8:10AM-9:00AM

GOV1901. State of the Exempt Sector

Instructor: Kimberly Ellison-Taylor
Knowledge Level: Overview
Field of Study: Accounting, Specialized Knowledge
CPE Credits: 1.0

9:00AM-9:10AM

28

Monday
9:10AM-10:00AM

GOV1902. Unique Considerations in Applying GAAP to Tribal Entities

Instructor: Tasha Repp
Track: SLG
Knowledge Level: Intermediate
Field of Study: Accounting (Governmental), Auditing (Governmental)
CPE Credits: 1.0

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.

28

Monday
9:10AM-10:00AM

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

Instructor: Candi Avery, Jennifer Mistretta
Track: NFP
Knowledge Level: Basic
Field of Study: Accounting
CPE Credits: 1.0

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.

28

Monday
9:10AM-10:00AM

GOV1904. Place your Bets - GASB vs. FASB

Instructor: Tony Boras, Troy Rector
Track: Intersection
Knowledge Level: Intermediate
Field of Study: Accounting, Accounting (Governmental)
CPE Credits: 1.0

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.

28

Monday
9:10AM-10:00AM

GOV1905. Data Collection Form / Federal Audit Clearinghouse - Do Your Submissions Pass the Test?

Instructor: Amanda Ward
Track: Single Audit
Knowledge Level: Basic
Field of Study: Auditing (Governmental)
CPE Credits: 1.0

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.

10:00AM-10:20AM

28

Monday
10:20AM-12:00PM

GOV1906. Common Questions Posed on Pensions & OPEB

Instructor: Scott Reeser, Michelle Watterworth
Track: SLG
Knowledge Level: Advanced
Field of Study: Accounting (Governmental), Auditing (Governmental)
CPE Credits: 2.0

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.

28

Monday
10:20AM-12:00PM

GOV1907. Assessing Risk in an NFP Entity Audit

Instructor: Kelly Frank, Melissa Harman, Deana Thorps
Track: NFP
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 2.0

28

Monday
10:20AM-12:00PM

GOV1908. Don't Jeopardize your Independence

Instructor: Nancy Miller, Elaine Cahoon
Track: Intersection
Knowledge Level: Overview
Field of Study: Auditing
CPE Credits: 2.0

This session will provide an overview of independence requirements for audit clients.

Learning Objectives:
1. Recall the independence requirements under AICPA Code of Professional Conduct and GAO Yellow Book.
2. Apply the conceptual framework to independence by identifying and evaluating threats and applying safeguards when required.

28

Monday
10:20AM-12:00PM

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

Instructor: Mary Foelster, Erica Forhan, Kim McCormick
Track: Single Audit
Knowledge Level: Basic
Field of Study: Auditing (Governmental)
CPE Credits: 2.0

There is more going on with single audits this year than past years. That is primarily due to big changes in the 2019 OMB Compliance Supplement. This session will bring you up to date on the following: Key changes made in the Supplement; Other single audit developments; and The latest on audit quality.

Learning Objectives:
1. Gain understanding of key developments in single audits.
2. Learn about the latest quality issues.

12:00PM-1:00PM

28

Monday
1:00PM-2:40PM

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

Instructor: Frank Crawford, Lisa Parker
Track: SLG
Knowledge Level: Basic
Field of Study: Accounting (Governmental)
CPE Credits: 2.0

This session will take a quick look at what has been keeping the GASB busy over the last few years. Several soon-to-be-implemented standards will be reviewed, along with implementation issues that may arise for preparers due to the various standards’ requirements. GASB 84 and 87, on Fiduciary Activities and Leases, respectively, will be covered, along with several other, perhaps less impactful, new standards. In addition, we will take a quick look at the status of several current GASB projects, including an update on the Big 3, the New Financial Reporting Model, Revenue and Expense Recognition, and Note Disclosures.

Learning Objectives:
1. Recognize the impact of newly issued GASB standards.
2. Recall the status of current GASB agenda projects and pre agenda research.
3. Identify potential impacts of the current agenda to governments.

28

Monday
1:00PM-2:40PM

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

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.

28

Monday
1:00PM-2:40PM

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

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

28

Monday
1:00PM-2:40PM

GOV1913. Major Program Determination

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

A complicated topic, full of auditor judgment - how to apply the Uniform Guidance risk-based approach. This session will go over using this approach to select major programs and steps to ensure the SEFA is fairly presented in relation to the financial statements. In addition, during this session, we will discuss ways to ensure major programs are not over looked because of SEFA errors.

Learning objectives:
1. Formulate the risk assessment process for selecting major programs in a single audit.
2. Assess the pitfalls of audit failures caused by improper selection of major programs.
3. Auditing the SEFA and how an inaccurate SEFA can cause an audit failure.

28

Monday
3:00PM-4:40PM

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

Instructor: Frank Crawford, Lisa Parker
Track: SLG
Knowledge Level: Basic
Field of Study: Accounting (Governmental)
CPE Credits: 2.0

This session will take a quick look at what has been keeping the GASB busy over the last few years. Several soon-to-be-implemented standards will be reviewed, along with implementation issues that may arise for preparers due to the various standards’ requirements. GASB 84 and 87, on Fiduciary Activities and Leases, respectively, will be covered, along with several other, perhaps less impactful, new standards. In addition, we will take a quick look at the status of several current GASB projects, including an update on the Big 3, the New Financial Reporting Model, Revenue and Expense Recognition, and Note Disclosures.

Learning Objectives:
1. Recognize the impact of newly issued GASB standards.
2. Recall the status of current GASB agenda projects and pre agenda research.
3. Identify potential impacts of the current agenda to governments.

28

Monday
3:00PM-4:40PM

GOV1915. Common Errors & Deficiencies in NFP Reporting

Instructor: Cathy Clarke, Melissa Harman, Amish Mehta
Track: NFP
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 2.0

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.

28

Monday
3:00PM-4:40PM

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

Instructor: Mary Foelster, Erica Forhan, Kim McCormick
Track: Single Audit
Knowledge Level: Basic
Field of Study: Auditing (Governmental)
CPE Credits: 2.0

There is more going on with single audits this year than past years. That is primarily due to big changes in the 2019 OMB Compliance Supplement. This session will bring you up to date on the following: Key changes made in the Supplement; Other single audit developments; and The latest on audit quality.

Learning Objectives:
1. Gain understanding of key developments in single audits.
2. Learn about the latest quality issues.

28

Monday
3:00PM-4:40PM

GOV1917. Sampling: How Many Do I Test?

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

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.

4:40PM-4:50PM

28

Monday
4:50PM-5:40PM

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

Instructor: Nancy Miller, Flo Ostrum
Track: SLG
Knowledge Level: Intermediate
Field of Study: Auditing (Governmental)
CPE Credits: 1.0

This session will include an overview of the revised interpretation "State and Local Government Client Affiliates".

Learning Objectives:
1. Identify changes introduced in the revised interpretation
2. Determine how the new standard impacts identified affiliates.
3. Apply the standard to your SLG engagements.

28

Monday
4:50PM-5:40PM

GOV1919. From the Headlines - Frauds in the NFP Sector

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

28

Monday
4:50PM-5:40PM

GOV1920. Mindfulness in Accounting, Human Intelligence & Beyond

Instructor: Carey Blakeman
Track: Intersection
Knowledge Level: None
Field of Study: Specialized Knowledge
CPE Credits: 1.0

Attend this session to relax at the end of the conference day. This session will discuss mindfulness and the practicality of it in everyone's life, even finance professionals! In addition to giving a history of mindfulness, attendees will go through the speaker's 3-month journey of implementing mindfulness and a focus on human intelligence topics into daily life, hearing pitfalls and best practices. End the session with a ten-minute mindfulness exercise to see it doesn't take long to find the zone.

Learning Objectives:
1. Identify how you can implement mindfulness into your daily routine, even during busy season (!)
2. Recall mindfulness practices held during session.
3. Select human intelligence topics to dive into for professional development.

28

Monday
4:50PM-5:40PM

GOV1921. Understanding Indirect Costs

Instructor: Troy Rector, Tasha Repp
Track: Single Audit
Knowledge Level: Basic
Field of Study: Auditing (Governmental), Accounting (Governmental)
CPE Credits: 1.0

Comprehending and auditing indirect cost recoveries can be complex. This session will navigate an understanding of indirect cost recoveries and common challenges faced when auditing indirect cost recoveries as part of a single audit engagement.

Learning objectives:
1. Interpret indirect cost concepts to perform effective single audit engagements.
2. Evaluate approaches to auditing indirect cost recoveries and related challenges.

5:40PM-6:40PM