- Evaluate updates to the Uniform Guidance from audit thresholds to de minimis rates.
- Identify audit challenges and solutions for implementing SAS No. 145.
- Investigate the impacts and security risks of artificial intelligence on the profession.
Engage with your governmental accounting peers as auditors and entity staff connect over changes, developments and guidance impacting the public sector.
Sessions are denoted in their titles as being geared toward the Auditor, Auditee (which is a Governmental Unit) or Both of those audiences.
PRICING DETAILS
Register early to
take advantage of the best price! Please note, discounted pricing is already
reflected in the online price. No promo code is needed.
Through November 5:
$205 MICPA Members/ $355 Non-Members
November 6 - November 19: $225 MICPA
Members/ $375 Non-Members
November 20 - December 3: $245 MICPA Members/ $395
Non-Members
Accounting professionals who audit or work in government
- Accounting (Governmental)
- Auditing (Governmental)
- Regulatory Ethics
After registering for this event, you can customize your sessions via 'My Registrations'
GASB Pronouncements, Drafts & More from 2024
Get the
latest details regarding pronouncements issued by the Governmental Accounting
Standards Board (GASB) which will be effective in 2024 and 2025. Gain a high
level overview of on-going projects including information on documents being
released for public comment.
Joel Black – Chair,
Governmental Accounting Standards Board (GASB), Norwalk
09:30 AM - 10:20 AM
Data Analytics and Fraud
The use of
data analytics is critical in today’s fraud mitigation landscape. This
presentation will focus on using the power of data analytics to identify
patterns, anomalies, and trends that can signal fraudulent activities. We’ll
talk about how some recent fraud in local government could have been detected
using analytics, and how you can use data to keep your organization and clients
out of the news.
Jessica Droste, CPA – Manager, Maner
Costerisan, P.C., Lansing
Bethany Verble, CPE, CFE – Senior
Manager, Maner Costerisan, P.C., Lansing
The Governmental Accounting Standards Board (GASB) recently introduced improvements to its financial reporting model with Statement No. 103. Perform an in-depth analysis of GASB 103, including new requirements for information provided in management’s discussion & analysis, proprietary fund reporting, unusual or infrequent items.
Joel Black – Chair, Governmental Accounting Standards Board (GASB), Norwalk
10:30 AM - 11:20 AM
Statement No. 101 of the Governmental Accounting Standards Board (GASB) updates how liabilities associated with compensated absences are recognized. Review lessons learned following the first year of GASB 101 implementation, including best practices and pitfalls to avoid.
Kellen Riker, CPA – Manager, Yeo & Yeo, Flint
MI Treasury Updates for Local Governments
Join the Michigan Treasury for a review of the latest updates
impacting local governments, including recent revisions to Form F-65, the final
approved 2024 Budget Manual, considerations for deficits, financial analysis
best practices, training and more.
Nick Brousseau – Manager,
Bureau of Local Government and School Services, State of Michigan Department of
Treasury, Lansing
Cary Jay Vaughn, CPA, CGFM – Local Audit
and Finance Division, State of Michigan Department of Treasury,
Lansing
11:30 AM - 12:20 PM
Ethics and Independence
Explore the relationship between
ethics and independence as we review the structure of the AICPA Code of
Professional Conduct and discuss ethics violations found in audits as well as
the answers to common independence and ethics questions.
Jennifer
Kappler, CPA –
Senior Manager-Professional Ethics, AICPA, Durham, NC
Time’s Up! QMS Standards Go Live in 2025
The four new quality management standards (QMS) issued by the AICPA in 2022
will go into effect in 2025. Review the components of each standard and
determine firm planning and implementation strategies. Plus, investigate the
relationship between the new QMS standards and quality control as it relates to
SAS. No. 146.
Christina Moser, CPA - Senior Manager,
Professional Standards – Quality Management, Plante Moran,
Southfield
All About Single Audits
Recent
updates to the Uniform Guidance issued by the Office of Management and Budget
(OMB) increased the Single Audit thresholds for recipients of federal funds.
Review the latest updates from the OMB, including major program determination
thresholds, de minimis rates and more.
Christopher Pembrook
– Senior Manager, Crawford & Associates, P.C., Oklahoma City, OK
02:10 PM - 03:00 PM
GASB 87 In Review – Leases
The
implementation of GASB 87, Leases, presented a big change for governmental
accountants and auditors, requiring all leases lasting more than 12 months to be
considered as liabilities and lease assets. Analyze the most common audit
findings associated with GASB 87 and explore the accounting and auditing
similarities between requirements for leases under GASB 87 and
subscription-based information technology arrangements under GASB 96.
Duane Reyhl, CPA, CGMA – Audit and Accounting Partner, AHP,
Midland
Single Audits & The Cycle of Findings
From start to finish, Single Audit findings are subject to a
specific set of processes. Determine auditor and auditee responsibilities in the
cycle of findings, including key elements of Single Audit findings, navigating
management corrective action plans, audit resolutions, disagreements and more.
Christopher Pembrook – Senior Manager, Crawford &
Associates, P.C., Oklahoma City, OK
03:10 PM - 04:00 PM
The Office of Management and Budget (OMB) Compliance Supplement issued in 2023 provided updates to the 12 specific compliance requirements for entities who will require a Single Audit. We will perform a case study of a federal program to determine audit objectives and procedures, including the compliance requirements under Part 3, as well as additional requirements under Part 4 of the supplement. Additionally, we will review the updates to the 2024 AICPA Audit Guide for Governmental Auditing Standards and Single Audits.
Dan Merritt, CPA, MBA, CGFM – Assurance Senior Manager, Rehmann, Detroit
Implementation of SAS No. 145 changes how auditors must define significant risk, evaluate the design of certain controls and so much more. Differentiate between prior requirements and those established under SAS No. 145 and identify the top associated audit challenges and their solutions.
Jessie Klisz, CPA – Assurance Manager, Plante Moran, Portage
04:10 PM - 05:00 PM
As accounting and auditing firms move to adopt artificial intelligence (AI) tools into their practices, experts are stressing the importance of doing so with reasonable caution. Review the top concerns regarding AI and which security issues should be considered prior to integration.
Byron Patrick, CPA, CITP – CEO, VERYIFYiQ, Washington, DC
The Office of Management and Budget (OMB) Compliance Supplement issued in 2023 provided updates to the 12 specific compliance requirements for entities who will require a Single Audit. We will perform a case study of a federal program to determine audit objectives and procedures, including the compliance requirements under Part 3, as well as additional requirements under Part 4 of the supplement. Additionally, we will review the updates to the 2024 AICPA Audit Guide for Governmental Auditing Standards and Single Audits.
Dan Merritt, CPA, MBA, CGFM – Assurance Senior Manager, Rehmann, Detroit
Member
Non-Member