Image of ACPEN Signature:  2019 Governmental Accounting & Auditing Update
Live Webcast Replay

ACPEN Signature: 2019 Governmental Accounting & Auditing Update


Total Credits: 8 including 8 Accounting (Governmental) - Technical

Average Rating:
   4.5
Category:
Accounting and Auditing |  ACPEN Signature
Faculty:
Carole A. Burgess, CPA |  Frank Crawford, CPA |  David R. Bean, CPA |  William Blend, CPA |  Bob Scott, CPA
Course Levels:
Update
Duration:
8 Hours
License:
Access for 30 day(s) after program date.


Description

Stay up-to-date on rapidly changing developments by participating in the 2019 Governmental Accounting and Auditing Update! Take advantage of this opportunity to find out about breaking government issues. This is your opportunity to hear about the latest challenges facing governments and practitioners who work with them and audit them, presented by leading experts on governmental accounting and auditing, both those who work in the trenches and those from the regulatory world.

 

With all of the fiscal, regulatory, and new standards challenges facing governments and their auditors, it is important to keep current on critical issues and developments. From a governmental accounting, auditing, and compliance perspective, 2019 will be a critical year for implementing new standards and requirements! Plus, it is imperative that you start planning for the significant changes coming in 2020 and beyond! Exciting new topics this year include focused discussions on addressing key challenges in implementing GASB’s new lease standard and the GAO’s 2018 Yellow Book!

 

GASB has issued an unprecedented number of standards in the last several years—issuing 19 statements in 2015–2018 and one, so far, in 2020. Now is the time to find out about the details on how these and other recently effective standards will affect governmental accounting and reporting. The ACPEN panel of experts can fill you in on all the latest details you need to know about critical new requirements, implementation issues, and developments.

 

It is time to implement GASB’s new standard on fiduciary activities, and implementation of the complex new lease standard is coming soon! You’ll get the latest scoop on all the new standards from both the GASB and audit implementation sides—and hear about solutions to those issues. Now is the time to find out about the details on how these and other recently effective standards will affect governmental accounting and reporting.

 

New hot topic for 2019 on preparing to implement GAO’s 2018 Yellow Book! At this year’s broadcast, it will be the perfect time to find out the details about how the GAO’s 2018 Yellow Book and the latest auditing and reporting issues will impact your engagements. Among the changes, the 2018 Yellow Book has a revised format and organization, as well as revised guidance on independence, peer review, CPE, audit findings, and waste and abuse. It also includes revised requirements under the performance standards and new standards for reviews of financial statements performed under Government Auditing Standards.

 

For Single Audits, the ACPEN panel will cover topics that are relevant to single audits being performed NOW. Following current developments and using the most recent guidance is critical to conducting quality single audits. Hear the details on the latest single audit issues. The ACPEN panel will highlight key issues relating to the Uniform Guidance, the 2019 OMB Compliance Supplement (including the 6-requirement mandate or “Pick 6”), changes in the newly released Data Collection Form, the updated Audit Guide, and the latest audit quality findings relating to single audits. It is critical that auditors understand how requirements have changed and how to effectively use the Compliance Supplement.

 

New hot topic for 2019 on preparing to implement GASB’s new lease standard! GASB’s new lease standard significantly changes the existing lease guidance for governments. It is imperative that government finance officials and their auditors understand how GASB Statement No. 87 will affect accounting for leases and the effect on governmental reporting. Now is the time to find out about implementation challenges and to start planning a strategy on how to conquer those critical implementation issues!

 

Finally, you’ll receive an update on the most recent accounting and auditing developments affecting governments and government auditors. This includes Single Audit issues, AICPA and Yellow Book implementation issues, new and recently effective GASB pronouncements, audit issues, and a look at what’s on the horizon. Join ACPEN’s panel of experts as they discuss, not only the technical requirements of new standards, but also the key implementation issues that must be addressed by auditors and their governmental clients! Benefit from their experience and insights from many perspectives, as well as their long experience in governmental accounting and auditing.

Basic Course Information

Learning Objectives
  • Review most recent governmental accounting and auditing developments
  • Discuss the new and recently effective GASB pronouncements

Major Subjects
  • Find out about the requirements in challenging new standards on fiduciary activities, debt disclosures, leases, and other new GASB standards.
  • Hear some hints on how to avoid pitfalls and prepare for a successful implementation of the new lease standard. (Hear the perspective from a seasoned government finance official that is leading the charge to help governments successfully conquer the complex new lease standard!)
  • Find out the details about critical implementation and audit issues for governments and auditors tackling other new GASB standards.
  • Hear about the most recent developments affecting single audits, including the 2019 OMB Compliance Supplement, as well as:
  • The latest guidance on compliance requirements and single audit reporting,
  • Changes to the 2019 Compliance Supplement, including revisions to the matrix and the 6-requirement mandate or “Pick 6,” and revised advisories on procurement and other issues,
  • Updates on Federal Audit Clearinghouse activities and the Data Collection Form, and
  • Single audit quality issues (including recent audit quality findings).
  •  
  • Discover the details about key revisions in Government Auditing Standards, 2018 Revision (2018 Yellow Book) and gain insights on how its provisions will impact your practice.
  • Discover how new accounting and auditing standards will affect governments and your government practice, including common implementation issues, reporting issues, and best practices.
  • Hear guidance from experts on how to avoid common single audit deficiencies.
  • Learn the most recent auditing standards, government and Yellow Book/single audit risk alerts, and the latest AICPA audit and accounting guides.
  • Find out what GASB projects are on the horizon.

Course Materials

Faculty

Carole A. Burgess, CPA Related seminars and products: 1


Carole A. Burgess, CPA, is an Executive Editor of PPC products for the Tax & Accounting business of Thomson Reuters, in Fort Worth, Texas. She is an author of PPC’s Guide to Single Audits, PPC’s Guide to Preparing Governmental Financial Statements, PPC’s Governmental Financial Statement Illustrations and Trends, and PPC’s Guide to Religious Organizations, and a contributing author of other guides and continuing education courses. Carole is also the technical review editor of The PPC Nonprofit Update newsletter. Ms. Burgess’ experience prior to joining PPC includes eleven years in public practice with Deloitte & Touche, LLP, where she was a senior manager specializing in state and local governments and recognized nationally as a compliance audit specialist relating to the Single Audit Act. Carole is a frequent presenter to accounting and other professional organizations including the Texas Society of CPAs


Frank Crawford, CPA Related seminars and products: 1


Frank Crawford, CPA, is President of Crawford & Associates, P.C., Certified Public Accountants, an accounting firm located in Oklahoma City, Oklahoma. The firm specializes in providing auditing, consulting and accounting services solely to governmental entities. Over the last 25 years, Crawford & Associates has provided a variety of audit and accounting services to all sizes of government, including, but not limited to many types of financial audits and attestation services, planning and executing GASB 34 implementation plans, fraud investigations, internal control analysis, accounting policy and procedure development, contract internal auditing and internal monitoring, the development of management anti-fraud programs and controls, quality assurance reviews, training, capital asset record development and expert witness testimony. Mr. Crawford has served as the Chair of the AICPA Government Expert Panel and the Oklahoma Society of CPAs Government Accounting and Auditing Committee, and has also been involved in a number of other AICPA committees and task forces as they relate to governmental accounting and auditing, including the AICPA Governmental Accounting and Auditing Committee, the AICPA Government and Not-For-Profit Expert Panel, the AICPA Government Performance and Accountability Committee, and the AICPA GASB 34 Audit Guide Revision Task Force. Mr. Crawford is also currently the Chairman of the AICPA National Governmental Accounting and Conference Planning Task Force, and is also a member of the Planning Committee of the AICPA’s Government and Not-For-Profit Training Conference. Over the years, Mr. Crawford has assisted both the AICPA and GASB in the development of several implementation guides as a member of an advisory group, task force or technical content provider. His experience with GASB 34 implementation and audit issues dates back to June 30, 1999, as auditor of the first general-purpose government in the United States to implement the requirements of GASB 34. Mr. Crawford is also currently working with many of the U.S. territories, commonwealths and freely-associated states on audit finding resolution and financial analysis projects. Frank is a frequent lecturer, trainer and discussion leader for numerous groups, including U.S. Federal Government Agencies, CPA Firms and State Societies, and has appeared in several AICPA continuing professional education videos and live satellite CPE broadcasts and Webcasts produced by the Accounting Continuing Professional Education Network related to governmental accounting and auditing.


David R. Bean, CPA Related seminars and products: 1


David R. Bean is the director of research and technical activities for the Governmental Accounting Standards Board. He assigns and provides oversight to the GASB’s research, technical, and administrative activities. Prior to joining the GASB in 1990, David worked in public accounting and government. He also has served as Deputy Chairman of the International Public Sector Accounting Standards Board (IPSASB). He was the lead author on the 1988 Governmental Accounting, Auditing and Financial Reporting and was the founder of the GAAFR Review. He was the last director of the National Council on Governmental Accounting before the formation of the GASB in 1984. David is a member of the Government Finance Officers Association, the Connecticut and Illinois Government Finance Officers Associations, the American Institute of Certified Public Accountants, the Illinois CPA Society, the Association of Government Accountants, the National Federation of Municipal Analysts, and the Municipal Analysts Group of New York.


William Blend, CPA Related seminars and products: 1


William Blend, CPA, is a Shareholder and a member of Moore Stephens Lovelace, P.A. Governmental Practice Group (GPG). He is the firm’s Shareholder in charge of Quality Control. Bill has over 23 years of public and private sector accounting experience. The goal of the GPG is to work as a team to guarantee the success of our clients. Bill has performed audits on over 30 governmental entities including Counties, Municipalities, Utilities, Airports and Special Districts. He has been responsible for the planning of large, medium and small government audits. Through his career he has participated in all phases of an audit including; planning, performing, supervising, reviewing and preparing financial statements. He is qualified to perform audits in accordance with Government Auditing Standards, Federal Single Audit Uniform Guidance, and Florida Single Audit requirements. Beyond his qualifications for performing services for his governmental clients, he has also audited and performed consulting work for Not-for-Profit, Construction, Trucking, Health Care, and other Middle Market entities. Bill regularly performs training for organizations such as the FICPA, FGFOA, and internal MSL continuing education courses. He has been recognized by the FICPA as Outstanding Discussion Leader four times. He has also spoken in other States such as Massachusetts, Georgia, and Iowa. Bill authored the AICP’s yellow book update CPE session in 2015 and 2016. Bill is also a certified fraud examiner.  He has investigated cases involving business fraud and has testified in court cases. Bill is also trained in the use of IDEA data mining software.


Bob Scott, CPA Related seminars and products: 1


Bob Scott, CPA, is Chief Financial Officer/Assistant City Manager for the City of Carrollton, where he has responsibility for all aspects of the City?s financial operations. He has a Masters degree in Accounting and a Bachelor of Science degree in Political Science from Texas Tech University. Mr. Scott began his career in public accounting, ultimately serving as an audit manager with responsibility for a large number of governmental clients. While in public accounting, he was designated by his firm as a specialist in state and local government and served a two-year practice fellowship with the Governmental Accounting Standards Board. Mr. Scott has extensive experience in accounting and financial reporting issues having recently served on the review committee for both GASB?s GASB 34 implementation guide and the GFOA?s new ?Governmental Accounting, Auditing, and Financial Reporting? (known as the ?Blue Book?). He currently serves as Vice Chairman for the GFOA?s Committee on Accounting Auditing and Financial Reporting and has served in the past on the Governmental Accounting Advisory Committee (GASAC) and the AICPA?s Governmental Accounting and Auditing Committee (GAAC). He also has a great interest and personal experience in improving organizational performance. Mr. Scott is an active lecturer for the Government Finance Officers Association, the American Institute of Certified Public Accountants and the Southwest School of Governmental Finance, and has also co-authored several professional journal articles. He is an active member of the Government Finance Officers Association, American Institute of Certified Public Accountants, and various other professional organizations.


Dates

Thu, Dec 19, 2019 - 10:00a to 06:00p EST
Thu, Dec 19, 2019 - 02:00p to 10:00p EST
Thu, Jan 16, 2020 - 10:00a to 06:00p EST
Thu, Jan 16, 2020 - 02:00p to 10:00p EST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For

Industry and Public Practice


Original Recording Date 07/24/2019
Yellow Book Yes
Course Developer Business Professionals' Network, Inc.
Date Added to Catalog 02/11/2019

Additional Information

Instructional Delivery Method Group Internet Based
Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Course Registration Requirements Online Registration
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Reviews

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Overall:      4.5

Total Reviews: 67

Comments

Christopher E - Atlanta, Georgia

"The presentation of the course was one of the best yet!"

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