- Discuss the latest GASB pronouncements and changes to the OMB compliance supplement for single audits.
- Create controls to mitigate the growing threat of cyber attacks on the public sector.
- Prepare for the AICPA’s new quality management standards.
- Assess the changes introduced in GASB 103 and how they affect financial reporting.
Presented in partnership with the Michigan Department of Treasury.
Change continues for those auditing or working within government from the inevitable end of pandemic relief funding to new and proposed standards, discuss solutions and connect with your accounting colleagues.
Looking for extra flexibility? You can attend the program virtually, instead. Click here for details on the virtual option.
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 April 15: $215 MICPA
Members/ $365 Non-Members
April 16 - April 29: $235 MICPA Members/ $385
Non-Members
April 30 - May 13: $255 MICPA Members/ $405
Non-Members
Thank you to our Alliance Partner:
Thank you to our Champion Partners:
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Accounting professionals who work as audtors and finance specialists in local units of government.
- Accounting (Governmental)
- Auditing (Governmental)
- Regulatory Ethics
After registering for this event, you can customize your sessions via 'My Registrations'
The Latest in Governmental
Accounting
Stay ahead of the curve with an essential update on the
latest Governmental Accounting Standards Board (GASB) pronouncements. Break down
key requirements and effective dates for Statements 101, 102, and 104, covering
compensated absences, risk disclosures, and capital asset disclosures while
gaining the insights you need to ensure compliance and prepare for upcoming
changes.
Scott A. Reeser – Supervising Project Manager,
Governmental Accounting Standards Board (GASB), Norwalk, CT
09:35 AM - 10:25 AM
GASB Statement 103 introduces significant updates to the financial reporting model, reshaping how governments present financial information. We explore key amendments, including changes to management’s discussion and analysis, special and extraordinary item reporting, and proprietary fund financial statements. Learn how these changes impact financial transparency and reporting consistency.
Scott A. Reeser – Supervising Project Manager, Governmental Accounting Standards Board (GASB), Norwalk, CT
The AICPA’s new Quality Management (QM) Standards require firms to think critically about the risk associated with the specific practices and processes of their own organization. Review the four interrelated standards, determine how they differ from the previous standards and explore how they apply to governmental single audits. Plus, develop an implementation timeline with considerations for small firms to ensure compliance by the upcoming effective date of Dec. 15.
Peggy Jury, CPA, CGMA – Peer Review CPA on Staff, Michigan Association of CPAs, Troy
Duane M. Reyhl, CPA, CGMA – Audit and Accounting Partner, AHP, Midland
10:35 AM - 11:25 AM
Governmental Accounting 101
Public
sector and private sector accounting are vastly different practices. Compare and
contrast the differences between accounting and financial reporting for each
while learning how to adapt your accounting knowledge to the governmental
environment.
Stephanie VonFintel, CPA, CFE – Associate
Professor, Accounting, Northwood University, Midland
Get an exclusive look at GASB’s current technical agenda and the future of governmental accounting. Discuss topics under deliberation, including revenue and expense recognition, infrastructure asset reporting, and severe financial stress disclosures. Stay informed on the direction of GASB standards and how they could shape financial reporting in the years ahead.
Scott A. Reeser – Supervising Project Manager, Governmental Accounting Standards Board (GASB), Norwalk, CT
11:35 AM - 12:25 PM
Cyber criminals are increasingly interested in government targets, with a recent FBI report finding that government facilities were the third most targeted sector of the nation’s critical infrastructure. Learn how to mitigate cyberthreats by identifying common attack vectors used by cybercriminals and implementing effective internal control programs.
Trip Hillman – Partner, Cybersecurity Services: Weaver, Dallas, TX
Shelby Mathers – Director, Cybersecurity Services: Weaver, Dallas, TX
Eric Peeters, CISA, CCSK, ISO 27001 LA – Senior Manager, Advisory - Governance, Risk and Compliance Services Weaver, Weaver, Fort Worth, TX
Serving Up Compliance: Key Updates for Child
Nutrition Programs
Stay ahead of the latest Child Nutrition Program
updates with insights into audit preparation and compliance best practices. We
discuss common findings from recent reviews and strategies to ensure a smooth
audit process.
Tanea Curtis Brooks – Financial Analyst,
Fiscal & Administrative Services, Michigan Department of Education – Office
of Nutrition Services, Lansing
Stacey Lamper-McFall –
Financial Analyst, Fiscal & Administrative Services, Michigan Department of
Education – Office of Nutrition Services, Lansing
Emily
Mattern – School District Consultant, School Nutrition Programs,
Michigan Department of Education – Office of Nutrition Services,
Lansing
The 2024 Office of Management and Budget Compliance Supplement introduced key changes to single audit triggers, including an increase in the threshold for non-federal entities and a reduction in the number of programs considered high risk. Explore the implications of these changes as well as the continued impact of the Infrastructure Investment and Jobs Act and COVID-19 funding on single audits while discussing best practices for better quality.
Lindsey L. Kennimer, CPA – Partner, Snow Garrett Williams, Certified Public Accountants, Weatherford, TX
02:10 PM - 03:00 PM
As the Elementary and Secondary School Emergency Relief (ESSER) fund program, established to support public schools during the pandemic, comes to an end, the environment for auditing schools is set to change. Review the current status of school funding, at both the federal and state level, including funding provided through the Michigan State School Aid Act, and the associated implications for the school audit process.
Joseph D. Winterstein, CPA – Manager, Yeo & Yeo, Saginaw
Explore requirements regarding internal controls over compliance testing set forth by the Office of Management and Budget Uniform Guidance. Determine practical strategies for applying controls, including common mistakes and mitigation strategies. Plus, take a closer look at situations that require subrecipient monitoring, such as entities that receive a portion of grant funds to complete specific project initiatives.
Lindsey L. Kennimer, CPA – Partner, Snow Garrett Williams, Certified Public Accountants, Weatherford, TX
03:10 PM - 04:00 PM
Back to School: The Changing Audit Environment
of Education
As the Elementary and Secondary School Emergency
Relief (ESSER) fund program, established to support public schools during the
pandemic, comes to an end, the environment for auditing schools is set to
change. Review the current status of school funding, at both the federal and
state level, including funding provided through the Michigan State School Aid
Act, and the associated implications for the school audit process.
Joseph D. Winterstein, CPA – Manager, Yeo & Yeo,
Saginaw
Ethical Considerations in Record Retention:
Should I Keep or Should I Throw?
Requirements surrounding record
retention continue to leave many practitioners confused. What documents
must you keep, how long must you keep them and which can you destroy? Discuss
why it is important to understand the requirements and the potential impact it
can have on both the governmental unit and the CPA firm.
Raymond T. Rowe, JD – Attorney, Raymond T. Rowe, PC, Troy
04:10 PM - 05:00 PM
Navigating the Post-ARPA Landscape: Updates for
CPAs
As ESSER and other COVID-related grants wind down, CPAs must
navigate the evolving compliance landscape and fiscal oversight challenges. We
cover lessons learned, updates to Uniform Grant Guidance, and the impacts for
Michigan, equipping attendees with the latest insights for effective
programmatic monitoring and reporting.
Kevin Walters –
Supervisor, Office of School Support Services, State of Michigan Department of
Education, Lansing
Sample This: Inside Audit Samples & Case
Studies
Sampling is a key component of auditing major programs
within a single audit, requiring auditors to exercise strong judgement and
analysis. Examine how sampling is used to determine the accuracy of financial
reports, identify specific considerations for single audits and explore the
effects of sampling on audits as well as common errors, such as bias, and how to
avoid them.
Erika Stanley, CPA – Assurance, Plante Moran,
Flint
Tara Synowiec, CPA – Assurance, Plante Moran,
Southfield
Member
Non-Member