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AICPA Governmental and Not-for-Profit Training Program

Las Vegas, NV

Oct 23 - 25, 2017

Conferences

AICPA Governmental and Not-for-Profit Training Program

Bring your implementation questions, and prepare for the next stage of progress in revenue recognition, uniform guidance, leases and more This program will connect you directly to the insights from subject matter experts and standard setters.

Featured topics

  • Updates from the GAO, FASB, IRS and GASB
  • Cybersecurity and fraud
  • Single audit internal controls
  • OPEB Statement 75
  • Early adoption of ASU 2016–14
Attend Online
Attend the AICPA Governmental and Not-for-Profit Training Program virtually.

Developed for:

  • CPAs in public practice
  • Government and not-for-profit staff
    • Auditors
    • Controllers
    • Financial directors

Register for the 2017 AICPA Governmental and Not-for-Profit Training Conference and sign up for the AICPA Not-for-Profit Membership Section in the same order and take 10% off your combined purchase. Use Code: NFPconf

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Optional Pre-Conference Workshops

Click View Pricing/Register Now above to choose your options.

Workshop Title Date Time
990 Workshop Oct 22 1:00 PM - 5:00 PM
Single Audit Workshop Oct 22 1:00 PM - 5:00 PM

Attendees may request Yellow Book credits for this conference.
*Auditors must use professional judgment when determining and documenting if these sessions qualify for Yellow Book CPE in accordance with the Government Accountability Office, Government Auditing Standards, December 2011 Revision, and Guidance on GAGAS Requirements for Continuing Professional Education, April 2005, GAO-05-568G.

Discounts

Not-for Profit Section Members and Government Audit Quality Center (GAQC) Members Save $50!

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AICPA Discount Policy: Only one coupon code can be applied to each website or telephone registration. Discounts above apply to new registrants only. Questions? Contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

For more information on section and membership discounts, click here:

CGMA Members Save an Additional $50:

To receive the discount, you must be signed in as a registered user on this site. The discount will be automatically applied during checkout. Questions? Contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Quantity Discounts Available

Registering multiple participants?

Group-rate discounts offer maximum savings for firms with multiple registrants. Contact an AICPA representative to book your group registration at 888.777.7077 M-F, 9am-6pm ET.

Agenda

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SUNDAY, October 22
12:00 PM - 5:00 PM

Registration & Information Center Open

1:00 PM - 5:00 PM

OPTIONAL WORKSHOPS

101. Form 990 Workshop

Speakers:
Brian Yacker, CPA, JD
- Managing Partner, YH Advisors
Jane Searing, CPA - Shareholder, Clark Nuber PS

This session will walk through the more confusing parts of the 990 bringing clarity and insights. This session is meant to be interactive so bring your questions about your own 990. Specific areas which will be covered include:

  • Related organizations – Elements of control and why it matters
  • Analysis of Revenue, Public Support and Unrelated Business Income
  • Who is reported on Part VII management, why and what is included in compensation
  • Transactions with Interested Persons & Relevance to Governance Independence
1:00 PM - 5:00 PM

102. Single Audit Workshop [AU(G)]

Speakers:
Diane Edelstein, CPA
- Partner, Maher Duessel
Carolyn Warger - Experienced Audit Manager, Grant Thornton LLP

This session with provide an in-depth perspective for auditors and auditees on the implementation of Uniform Guidance. The presenters will discuss common challenges that are faced when implementing UG. Topics to include:

  • Administrative requirements including procurement and subrecipient monitoring.
  • Cost Principles
  • Auditee Responsibilities for the SEFA, Summary Schedule or Prior Findings and Corrective Action Plan
  • Auditor Responsibilities for Major Program Determination, Testing and Reporting

Learning Objectives:

  • Understand changes required under UG for administrative requirements and cost principles
  • Understand the changes that effect the Single Audit.
MONDAY, October 23
7:00 AM - 5:40 PM

Registration & Information Center Open

7:00 AM - 8:00 AM

Continental Breakfast and Vendor Display

8:00 AM - 8:10 AM

Welcome Announcements

8:10 AM - 9:00 AM

GENERAL SESSION

1. IT as a High Risk
Speaker: Elaine Howle, CPA - State Auditor, California State Auditor

9:10 AM - 10:00 AM

CONCURRENT SESSIONS (SELECT ONE)

2. Special Purpose Frameworks - What You Need to Know
Track: Advancing Technical Expertise

Speakers:
Frank Crawford, CPA
- President, Crawford & Associates, P.C.
Paula Kinnard, CPA, CFF - Assistant Legislative Auditor, Arkansas Legislative Audit

This session will review the financial statement presentation using the AICPA special purpose frameworks (SPF), including accounting, reporting and presentation requirements, review of the disclosure requirements for SPF financial statements, and issues related to the use of SPF reporting.

Learning Objectives:

  • To provide insights and enhanced understanding of the appropriateness and application of special purpose frameworks for state and local government financial presentation and reporting.
  • To better understand the AICPA guidelines of special purpose frameworks including proper presentation and disclosure and appropriate measurement and recognition.

3. Locating the IRS’ Exempt Organization Division in a Changing Tax Climate
Track: NFP

Speaker: Eve Borenstein, J. D. - Partner, BAM Law Office LLC

Multiple changes have occurred in the IRS' EO Division since January 2014, with the bulk of those changes having been implemented in the last 18 months. This fast pace session will focus on what practitioners can expect to see from both the IRS' enforcement side (i.e., examinations) as well as compliance promotion overall (via both determinations and customer service).

Learning Objectives:

  • Understand the IRS' current methodology for choosing audit/examination candidates
  • Appreciate how the under-resourced EO Division has realigned staff to focus more on outliers.

4. GAO Update
Track: Auditng

Speaker: Kristen Kociolek - Assistant Director, GAO

GAO has proposed revisions to Government Auditing Standards (the Yellow Book). The revisions are intended to reinforce the principles of transparency and accountability and provide the framework for high-quality government audits. The proposed revisions also reflect developments in the auditing, accountability, and financial management professions and emphasize specific considerations applicable to the government environment. The proposed revisions include changes to the format and structure of the standards and changes in the areas of auditor competence, continuing professional education, internal control, and external peer review.

Learning Objectives:

  • Learn about key changes being proposed in the 2017 Government Auditing Standards Exposure Draft 2.
  • Learn about the impact the proposed changes may have on auditors and auditees.

5. Using the FAC for Monitoring
Track: Single Audit

Speaker: John Good, CPA - Executive Director, Ernst & Young

This session focuses on how to review your firm's publicly available data collection form and single audit reporting package submissions for deficiencies.

Learning Objectives:

  • Identify common deficiencies that can be identified through review of the data collection form and single audit reporting packages and how they can be remediated
  • Explain the importance of doing such reviews and how these reviews can improve the single audit quality of your practice
10:00 AM - 10:20 AM

AM Refreshment Break & Vendor Display

10:20 AM - 12:00 PM

CONCURRENT SESSIONS (SELECT ONE)

6. OPEB, the employer side of GASB 75 [A(G), AU(G)]
Track: Single Audit

Speakers:
Joe Heffernan, CPA
- Public Sector Professional Standards, Plante Moran
Scott Reeser, CPA - Supervising Project Manager, Governmental Accounting Standards Board

GASB Statement 75 is now going into effect (for the year beginning after June 15, 2017).This session is intended to get you comfortable in implementing GASB 75 and dealing with the accompanying audit issues.

Learning Objectives:

  • Brief review of the accounting for the net OPEB liability and related deferrals;
  • Understanding the differences by type of plan (funded v. unfunded; cost-sharing, agency, single employer);
  • Obtaining sufficient audit evidence.

7. The Modern Age of Fundraising
Track: NFP

Speakers:
Candice Meth, CPA, MBA
- Partner, EisnerAmper LLP
Jane Searing, CPA - Shareholder, Clark Nuber PS

This session will focus on the risks and rewards of fundraising in the modern age. Beyond galas and bake sales to social media and social enterprise.

Learning Objectives:

  • Discuss the latest techniques of fundraising
  • Discuss audit, tax, and legal implications
  • Responsibility for state solicitation registrations
  • Risks and rewards associated with professional fundraisers
  • Crowd-funding – braving a largely unregulated world!

8. Auditing & Attestation Update [AU(G)]
Track: Auditing

Speakers:
Ahava Podhorcer, CPA
- Associate Director, AICPA
Laura Hyland, CPA, CGMA - Senior Manager, AICPA

This session will address recent activities of the Auditing Standards Board and issues regarding audit and attestation engagements, including recently issued auditing standards and exposure drafts, and SSAE #18.

Learning Objectives:

  • To learn about recently issued auditing and attestation standards
  • To learn about upcoming auditing standards and current issues in the profession.

9. Advanced Single Audit Issues [AU(G)]
Track: Single Audit

Speakers:
John Good, CPA
- Executive Director, Ernst & Young
Kimberly McCormick, CPA - Partner, Grant Thornton LLP

This session will address some of the more complex issues in performing single audits. Topics will also include:

  • Lessons Learned from implementing the Uniform Guidance
  • Avoiding common deficiencies in planning and testing
  • Addressing some of the more challenging compliance requirements in a Uniform Guidance audit

Learning Objectives:

  • Address some of the more challenging compliance requirements in a Uniform Guidance audit such as subrecipient monitoring, indirect costs and effort reporting
  • Address advanced questions on what a federal award is for purposes of the single audit and schedule of expenditures of federal awards
12:00 PM - 1:00 PM

Luncheon

1:00 PM - 2:40 PM

CONCURRENT SESSIONS (SELECT ONE)

10. OPEB, the employer side of GASB 75 [A(G), AU(G)]
Track: SLG

Speakers:
Joe Heffernan, CPA
- Public Sector Professional Standards, Plante Moran
Scott Reeser, CPA - Supervising Project Manager, Governmental Accounting Standards Board

GASB Statement 75 is now going into effect (for the year beginning after June 15, 2017).This session is intended to get you comfortable in implementing GASB 75 and dealing with the accompanying audit issues.

Learning Objectives:

  • Brief review of the accounting for the net OPEB liability and related deferrals;
  • Understanding the differences by type of plan (funded v. unfunded; cost-sharing, agency, single employer);
  • Obtaining sufficient audit evidence.

11. Address of the IRS' Exempt Organizations Director [T]
Track: NFP

Speakers:
Eve Borenstein, CPA, J. D.
- Partner, BAM Law Office LLC
Margaret VonLienen - Director, Exempt Organizations, Internal Revenue Service

12. Auditing Estimates [AU(G)]
Track: Auditing

Speakers:
Flo Ostrum, CPA
- Partner, Grant Thornton LLP
Cathy Clarke, CPA - Chief Assurance Officer, CliftonLarsonAllen LLP

Deep dive into the complexities of auditing estimates.

Learning Objectives:

  • Understand complexities in auditing estimates Understand when/how to use specialists in audits of estimates

13. Evaluating and Reporting Findings in a Single Audit [AU(G)]
Track: Single Audit

Speakers:
Corey Arvizu, CPA
- Partner, Heinfeld,Meech & Co.
Diane Edelstein, CPA - Partner, Maher Duessel

This session will explore the steps necessary once an exception has been noted to determine if it is finding. The session 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 a finding is identified
  • The required reporting elements of a findings under GAGAS and the Uniform Guidance

Learning Objectives:

  • Attendees will be provided guidance on evaluating results of internal control over compliance and compliance testing.
  • Attendees will learn the reporting requirements of a single audit.
  • Attendees will be provided best practices for evaluating and reporting findings.
2:40 PM - 3:00 PM

PM Refreshment Break & Vendor Display

3:00 PM - 4:40 PM

CONCURRENT SESSIONS (SELECT ONE)

14. Understanding Actuaries and Actuarial Valuations [A(G), AU(G)]
Track: SLG

Speakers:
Robert Scott, CPA
- Assistant City Manager, City of Carrollton, Texas
Mehdi Riazi - Consultant, Gabriel, Roeder, Smith and Company

This session discusses the Actuarial Standards of Practice that apply to Pension and OPEB valuations, how they impact those valuations and how auditors should apply actuarial knowledge to develop effective audit procedures.

Learning Objectives:

  • Describe what auditors need to know about actuaries including discussion of key ASOPs and key actuarial concepts including independence, development of assumptions and updating to the measurement date
  • Discuss the key drivers in both pension and OPEB valuations
  • Apply existing audit guidance to OPEB and pension amounts.

15. The Impact of the New Revenue Recognition Standard on NFPs [A]
Track: NFP

Speakers:
Cathy Clarke, CPA
- Chief Assurance Officer, CliftonLarsonAllen LLP
Carolyn Mollen, CPA - Chief Financial Officer, Independent Sector

A Deep Dive into the Impact of the New Revenue Recognition Standard on NFPs.

Learning Objectives:

  • To gain a deeper understanding of the upcoming changes relating to revenue recognition.
  • To discuss and understand the potential application considerations for Not-for-Profits.
  • To discussion the practical steps for implementing ASC 606.

16. Don’t Let Your Vendor Make You a Headline
Track: Auditing

Speakers:
Lisa Traina, CPA, CGMA, CITP
- Partner, Traina & Associates, a CapinCrouse company
Tim Bryan, CPA, CFF, CITP - Partner - Forensic Services, Crowe Horwath LLP

In this digital age, outsourcing and partnering with specialty vendors can offer organizations a vast array of options for products and services around the globe and around the clock. But is your vendor exposing you to security risks? This session will highlight the need for appropriate vetting of vendors and the key areas your organization should review. Topics will include the importance of security with cloud vendors, remote access risks, evaluating security reports (e.g. SOC reports), disaster recovery considerations, and more.

Learning Objectives:

  • Explain the importance of vendor reviews and cloud vendor security
  • Identify remote access risks
  • Evaluate security reports
  • Assess disaster recovery considerations

17. Implementation of the UG: Subpart D & E [AU(G)]
Track: Single Audit

Speakers:
Rachel Flanders, CPA
- Principal, CliftonLarsonAllen LLP
Corey Arvizu, CPA - Partner, Heinfeld, Meech & Co.

This session will provide attendees with perspectives from governmental and nonprofit auditors on the implementation of the Uniform Guidance and its impact on single audits. The presenters will discuss common challenges entities are facing in implementing UG. Topics to be covered include:

  • Guidance on the post-award requirements, such as procurement, financial reporting, and subrecipient monitoring.
  • Guidance on the cost principles, including indirect costs, time and distribution records and special considerations.
  • Upcoming issues that could impact your single audit

Learning Objectives:

  • Attendees will be provided guidance on understanding key compliance requirements of grantees.
  • Attendees will be provided best practices identifying applicable compliance requirements.
  • Attendees will learn audit objectives of compliance requirements of a single audit.
4:40 PM - 5:40 PM

Welcome Reception

TUESDAY, October 24
7:00 AM - 5:40 PM

Registration & Information Center Open

7:00 AM - 8:00 AM

Continental Breakfast and Vendor Display

8:00 AM - 8:10 AM

Announcements

8:10 AM - 9:00 AM

GENERAL SESSION

18. Perspectives from the Watchdog Agency

Speaker: Art Taylor - President & Chief Executive Office for BBB Wise Giving Alliance

Mr. Taylor will discuss the BBB Standards for Charity Accountability and how they can be useful to audit clients and Internal Financial Executives.

Learning Objectives:

  • Understand how the standards for charity accountability are used to demonstrate a charity's trustworthiness.
  • Understand how to integrate the standards to provide value to audit clients or use them as a tool for internal financial management.
9:10 AM - 10:00 AM

CONCURRENT SESSIONS (SELECT ONE)

19. Tax Abatements - Statement 77 [A(G)]
Track: SLG

Speaker: Heather Acker, CPA - Partner, Baker Tilly Virchow Krause, LLP

This session will discuss the recently effective tax abatement GASB standard.

Learning Objectives:

  • Understand the requirements and nuances of the tax abatement standard.
  • Identify audit complexities and potential solutions.

20. Best Governance Practices
Track: NFP

Speaker: Louis Mezzina, CPA - Senior Advisor, KPMG LLP

Effective governance is critical to the effective pursuit of mission. What are leading organizations doing right and what action or inaction can lead to trouble.

21. Tips for Conducting an Efficient Single Audit [AU(G)]
Track: Auditing

Speaker: Kimberly McCormick, CPA - Partner, Grant Thornton LLP

We all want our Single Audits to be both effective and efficient. This session will explore common traps that can lead to inefficiency and tips on making sure we don't fall into those traps.

Learning Objectives:

  • Appreciating the link between audit planning and audit efficiency
  • Share tips for smooth engagements

22. Applying the Uniform Guidance Audit Requirements [AU(G)]
Track: Single Audit

Speaker: Mary Foelster, CPA, CGMA - Senior Director, Governmental Auditing and Accounting, AICPA

This session is intended to provide an overview of the Uniform Guidance audit requirements, as well as the latest single audit updates. Topics include: Key audit requirements 2017 Compliance Supplement Other important federal updates Latest from the GAQC.

Learning Objective:

  • Understand audit requirements at a high level Understand the latest developments affecting single audits.
10:00 AM - 10:20 AM

AM Refreshment Break & Vendor Display

10:20 AM - 12:00 PM

CONCURRENT SESSIONS (SELECT ONE)

23. GASB’s New Standard on Leases
Track: SLG

Speakers:
Scott Reeser, CPA, CGMA, CITP
- Supervising Project Manager, Governmental Accounting Standards Board
Katherine Lai, CPA, CGMA - Partner, Crowe Horwath LLP

GASB is due to release a statement on leases that will change the financial accounting and reporting from it's current guidance. This session will provide an overview of the key changes and will also cover practical implementation challenges from both financial statement preparer and auditor perspectives.

Learning Objectives:

  • Provide an overview of the key changes in accounting and financial reporting for leases.
  • Discuss example implementation challenges from both financial statement preparer and auditor perspectives.

24. The Impact of the New Revenue Recognition Standard on NFPs [A]
Track: NFP

Speakers:
Cathy Clarke, CPA
- Chief Assurance Officer, CliftonLarsonAllen LLP
Carolyn Mollen, CPA - Chief Financial Officer, Independent Sector

A Deep Dive into the Impact of the New Revenue Recognition Standard on NFPs.

Learning Objectives:

  • To gain a deeper understanding of the upcoming changes relating to revenue recognition.
  • To discuss and understand the potential application considerations for Not-for-Profits.
  • To discussion the practical steps for implementing ASC 606.

25. NFP Intermediate & Advanced Topics
Track: Auditing

Speaker: Louis Mezzina, CPA - Senior Advisor, KPMG LLP

This session will address some of the accounting, auditing, and financial reporting matters that are not only unique to NFPs but can challenge even those experienced in the sector.

26. Internal Control in a Single Audit, Part 1 [AU(G)]
Track: Single Audit

Speakers:
Erica Forhan, CPA, CGMA
- Partner, Moss Adams LLP
Troy Rector, CPA - Principal, Clark Nuber PS

This session will review the planning, testing, and documentation requirements of internal controls in a single audit, highlighting common problem areas to avoid. As part of a two-part series on internal control over compliance, part 1 will focus on:

  • Understanding internal control over compliance
  • Identifying and describing key controls
  • Sources of guidance for establishing a framework for internal control
  • Requirements for auditing internal control over compliance

Learning Objectives:

  • Understand the requirements for planning, performing, and documenting internal control over compliance.
  • Describe available frameworks for internal control and how to use them.
12:00 PM - 1:00 PM

Luncheon

1:00 PM - 2:40 PM

CONCURRENT SESSIONS (SELECT ONE)

27. GASB Update [A(G)]
Track: SLG

Speakers:
Lisa Parker, CPA, CGMA
- Senior Project Manager, Governmental Accounting Standards Board
Heather Acker, CPA - Partner, Baker Tilly Virchow Krause, LLP

This session will provide an overview of the GASB standards becoming effective in the next few years as well as the Board's technical agenda and pre-agenda research projects. NEW THIS YEAR, this session will include an auditors view on the audit issues related to the new and future standards.

Learning Objectives:

  • to gain a better general understanding of the GASB standards becoming effective in the near future, and
  • to become more aware of the implementation and audit issues surrounding the GASB standards.

28. The Who, What and Why - Advanced Course on UBIT
Track: NFP

Speakers:
Brian Yacker, CPA, JD
- Managing Partner, YH Advisors
Dave Moja, CPA - Tax Partner, Capin Crouse LLP

Unrelated business income (UBI) is not a one-size-fits-all concept in the Tax Code. What is an unrelated activity of one entity could be related to another. This session looks at the basic and advanced issues of income analysis necessary to determine if organizations have unrelated business income. Topics will cover the following:

  • The core concepts, exceptions and modifications found in the Code and regulations
  • Discussion of rulings and cases that amplify and give additional guidance to organizations
  • Sharing of strategies for contemporaneously documenting filing positions

29. Making the IT Controls Review More Meaningful
Track: Auditing

Speakers:
Lisa Traina, CPA, CGMA, CITP
- Partner, Traina & Associates, a CapinCrouse company
Anthony Hargreaves - Principal, IT Audit & Assurance, Clark Nuber

Financial statement audits require an IT controls review component, but is the process evolving sufficiently? As the cyber risks grow for all organizations, it is becoming increasingly difficult to segregate IT controls that pertain to the financial statements vs.versus general controls. A sample of control questions, appropriate responses, frequent shortcomings, and areas of potential improvement will be discussed. Participants will gain a better understanding of why this review is important and how it must progress to enhance the overall audit program.

Learning Objectives:

  • Assess IT control questions and appropriate responses
  • Identify common shortcomings and potential improvements in the IT control review process

30. Internal Control in a Single Audit, Part 2 [AU(G)]
Track: Single Audit

Speakers:
Erica Forhan, CPA, CGMA
- Partner, Moss Adams LLP
Troy Rector, CPA- Principal, Clark Nuber PS

This session will review the planning, testing, and documentation requirements of internal controls in a single audit, highlighting common problem areas to avoid. This second part of a two-part series on internal control over compliance will cover the following:

  • Practical application of the lessons learned in Part 1
  • How an auditee establishes internal controls that address the COSO or Green Book elements
  • Guidance for auditors on determining key controls and performing control testing

Learning Objectives:

  • Apply knowledge of the requirements for internal control over compliance in a single audit.
  • Learn common problem areas to avoid.
2:40 PM - 3:00 PM

PM Refreshment Break & Vendor Display

3:00 PM - 4:40 PM

CONCURRENT SESSIONS (SELECT ONE)

31. Understanding & Using the CIG
Track: SLG

Speakers:
Heather Acker, CPA
- Partner, Baker Tilly Virchow Krause, LLP
Scott Reeser, CPA - Supervising Project Manager, Governmental Accounting Standards Board

GASB implementation guidance takes several forms--from stand-alone implementation guides and the annual implementation guide updates. This session will cover major topics addressed in the GASB’s Comprehensive Implementation Guide, and in recently issued implementation guidance.

  • The structure of the Comprehensive Implementation Guide and its place in the GAAP hierarchy.
  • What topics are addressed in the Comprehensive Implementation Guide.
  • What major topics were addressed in 2017-1, Implementation Guidance Update, and 2017-2, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans.

32. FASB NFP Update [A]
Track: NFP

Speaker: Jeffrey Mechanick, CPA, CGMA - Assistant Director, Financial Accounting Standards Board

Hear the latest about developments in GAAP for NFPs. We will focus especially on the FASB's project on Grants and Contracts to NFPs. We'll also cover key implementation matters concerning the recent standards on NFP Financial Statements, Revenue Recognition, and Leases, as well as discuss other recent ASUs and ongoing FASB projects.

Learning Objectives:

  • Understand the genesis, proposed guidance, and next steps for the Grants and Contracts project.
  • Develop a general understanding of key implementation issues for the recent ASUs on NFP Financial Statements, Revenue Recognition, and Leases.
  • Have an awareness of other key recent ASUs and ongoing FASB projects.

33. Achieving Sound Controls – Without Hurting the Bottom Line
Track: Auditing

Speakers:
Andrew Prather, CPA, CGMA
- Shareholder, Clark Nuber PS
Candice Meth, CPA - Partner, EisnerAmper LLP

This session will discuss how to implement controls and practices to reduce the likelihood of fraudulent activities, with a focus on small/medium sized not-for-profits. We will be discussing the most common types of failures within internal controls to detect or prevent fraud, and the best way to combat such failures.

Learning Objectives:

  • Understand the role of the financial statement auditors with respect to internal controls
  • Discuss the role of the Board with respect to internal controls and risk assessment
  • Examine the cost-benefit analysis that takes place with respect to designing an internal control structure
  • Lessons learned – implementing controls that strengthen controls without weakening the bottom line

34. Sampling in a Single Audit [AU(G)]
Track: Single Audit

Speakers:
Rachel Flanders, CPA
- Principal, CliftonLarsonAllen LLP
Kimberly McCormick, CPA - Partner, Grant Thornton LLP

Sampling in a single audit environment can be complicated. This session will offer a review of single audit sampling basics followed by multiple examples to demonstrate how various scenarios, decisions and judgments impact sampling. You'll gain hands-on experience, tips and techniques for planning and performing sampling procedures for maximum effect.

Learning Objectives:

  • Attain guidance to follow for single audit sampling
  • Gain knowledge with hands-on examples for planning and performing audit sampling procedures in a single audit environment
  • Consider how compliance requirements under Uniform Guidance affect sampling plans
4:50 PM - 5:40 PM

CONCURRENT SESSIONS (SELECT ONE)

35. Developing and Maturing an ERM Process
Track: SLG

Speaker: Charles Tegen, CPA - Assoc VP for Enterprise Risk Management, Clemson University

Enterprise Risk Management is an integral part of stewardship and effective management. This presentation will cover the steps essential for implementing and establishing a culture of awareness, communication and accountability for Enterprise Risk Management.

After attending this session, attendees should be able to:

  • Identify steps required to introduce Enterprise Risk Management to your organization
  • Identify the keep roles and factors in developing a healthy Enterprise Risk Management culture in your organization
  • Be aware of best practices for accountability for an effective Enterprise Risk Management process

36. Measuring Impact
Track: NFP

Speaker: Art Taylor - President & Chief Executive Office for BBB Wise Giving Alliance

This session will explore challenges associated with impact measurement and propose proxies for Impact.

Learning Objectives:

  • Understand the key challenges that must be overcome to achieve impact measurement
  • Gain exposure to alternative approaches to assessing Non-profit performance.

37. Group Audit Revisited NFP/SLG
Track: Auditing

Speaker: Michelle Watterworth, CPA - Partner, Plante Moran

It’s been a few years now since we’ve all implemented the group audit standards. It might be time for a tune up! This session will not only provide a refresher on some key concepts in these very complex audit standards, but also will allow you an opportunity to potentially hone your approach to group audit standards to maximize efficiency while adhering to the standards.

Learning Objectives:

  • Refresh yourself on the key audit concepts contained in the group audit standards
  • Identify areas within your firm where application of group audit standards may be lacking
  • Learn how to apply group audit standards to maximize audit efficiency

38. Single Audit: Ask the Experts
Track: Single Audit

Panelists:
Mary Foelster, CPA, CGMA
- Senior Director, Governmental Auditing and Accounting, AICPA
Rachel Flanders, CPA - Principal, CliftonLarsonAllen LLP
Corey Arvizu, CPA - Partner, Heinfeld,Meech & Co.
Nancy Miller, CPA - Managing Director, KPMG LLP

This is your opportunity to ask questions of our Single Audit panel experts in an open forum.

Learning Objective:

  • Panelists will have knowledge in both governmental accounting and auditing matters.
WEDNESDAY, October 25
7:30 AM - 4:50 PM

Registration & Information Center Open

7:30 AM - 8:30 AM

Continental Breakfast and Vendor Display

8:30 AM - 10:10 AM

CONCURRENT SESSIONS (SELECT ONE)

39. What Are Fiduciary Activities - GASB Statement 84
Track: SLG

Speakers:
Lisa Parker, CPA, CGMA
- Senior Project Manager, Governmental Accounting Standards Board
Jeff Markert, CPA - Partner, KPMG LLP

GASB recently released Statement No. 84, Fiduciary Activities. This session will take a deep dive into identifying fiduciary activities and how to report them. The session will also provide an auditors perspective on the practical considerations related to the implementation of this statement.

Learning Objectives:

  • to become more familiar with how to identify and report fiduciary activities, and
  • to gain practical insight on the changes from prior guidance on fiduciary funds.

40. FASB NFP Update [A]
Track: NFP

Speaker: Jeffrey Mechanick, CPA, CGMA - Assistant Director, Financial Accounting Standards Board

Hear the latest about developments in GAAP for NFPs. We will focus especially on the FASB's project on Grants and Contracts to NFPs. We'll also cover key implementation matters concerning the recent standards on NFP Financial Statements, Revenue Recognition, and Leases, as well as discuss other recent ASUs and ongoing FASB projects.

Learning Objectives:

  • Understand the genesis, proposed guidance, and next steps for the Grants and Contracts project.
  • Develop a general understanding of key implementation issues for the recent ASUs on NFP Financial Statements, Revenue Recognition, and Leases.
  • Have an awareness of other key recent ASUs and ongoing FASB projects.

41. Fraud in the cyber age - what you should know/Fraud Case Studies
Track: Auditing

Speakers:
Anthony Hargreaves
- Principal, IT Audit & Assurance, Clark Nuber
Tim Bryan, CPA, CFF, CITP - Partner - Forensic Services, Crowe Horwath LLP

The Internet of Things is quickly becoming a staple in nearly every day-to-day operation, impacting businesses, its employees and its customers alike. As a result, more organizations are looking to their IT teams for a robust cybersecurity program to assist combat fraud. Businesses or organizations that are slow to initiate cybersecurity programs risk becoming the focus of increased cyberattacks and potential fraud. During this presentation, Anthony Hargreaves and Tim Bryan will comment on the latest trends, walk through some common attack methods, and offer practical tips on how to initiate a cybersecurity program to assist combat fraud.

During this presentation you will learning:

  • How to identify cyber threats and common attack methods
  • How to establish risk management program
  • Adoption methods for a cybersecurity program
  • How to leverage IT General Controls

42. Major Program Determination under UG [AU(G)]
Track: Single Audit

Speakers:
Michelle Watterworth, CPA
- Partner, Plante Moran
Carolyn Warger - Experienced Audit Manager, Grant Thornton LLP

We’ve been performing single audits under the Uniform Guidance now for a few years, but are you really comfortable with major program determination? In this session, we’ll walk you through the key considerations of this critical part of the single audit process. In addition, we’ll talk in depth about particular areas of this determination process that continue to challenge us all.

Learning Objectives:

  • Understand critical components of the major program determination process
  • Evaluate the more complex major program determination decision points, including loan and loan guarantees, low-risk Type A and high risk Type B assessments and low risk auditee determination
  • Be able to identify the more common issues that have caused major program failures in the past so your organization doesn’t make the same mistakes
10:10 AM - 10:30 AM

AM Refreshment Break & Vendor Display

10:30 AM - 12:10 PM

CONCURRENT SESSIONS (SELECT ONE)

43. Stand Alone BTAs - What You Need to Know
Track: SLG

Speakers:
Charles Tegen, CPA
- Assoc VP for Enterprise Risk Management, Clemson University
Katherine Lai, CPA, CGMA - Partner, Crowe Horwath LLP

While Business Type Activities follow the Generally Accepted Accounting Principles for governments, BTAs are challenged to meet industry specific reporting demands for users and customers. This session will identify issues in reporting as a stand-alone Business Type Activity.

Learning Objectives:

  • An awareness of the types of standalone BTAs
  • An awareness of challenges in meeting, GAAP industry and regulatory reporting.

44. Case study of early adoption of ASU 2016-14
Track: NFP

Speakers:
Andrew Prather, CPA, CGMA
- Shareholder, Clark Nuber PS
Ashley Britton, CPA - Lead Manager, Not-for-Profit Content Development, AICPA

Have you considered early adopting FASB’s financial reporting standard? During this session, we will walk through case studies that will provide a step by step guide to converting a not-for-profit's financial statements and notes to ensure efficient and effective implementation of FASB ASU 2016-14. You will learn how to overcome the most difficult challenges stemming from this new standard, and walk away with helpful tools not-for-profits can use to satisfy the new requirements.

Learning Objectives:

  • Identify the most significant and complex challenges in adopting FASB's new financial statement standard.
  • Determine policies, procedures, and systems that should be in place as a result of the standard.
  • Identify implementation techniques that could assist in converting a not-for-profit's financial statements and footnotes to the new standard.

45. Let's Revisit Independence
Track: Auditing

Speakers:
Nancy Miller, CPA
- Managing Director, KPMG LLP
Flo Ostrum, CPA - Partner, Grant Thornton LLP

Update on changes to independence standards including Yellow Book and SLG affiliates. Emphasize practical aspects of independence requirements for practitioners.

Learning Objectives:

  • Aware of new changes to independence standards for AICPA and GAGAS
  • Apply independence evaluations when performing audits. 3. Identify threats and apply safeguards when evaluating independence.

46. Preparing and Reporting on the SEFA
Track: Single Audit

Speakers:
Rachel Flanders, CPA
- Principal, CliftonLarsonAllen LLP
Hydeh Ghaffari, CPA, CGMA - Partner, DZH Phillips

This session will address the unique aspects of auditing and reporting on the Schedule of Expenditures of Federal Awards (SEFA) and provide suggestions on ways to improve audit procedures and documentation for the SEFA.

Learning Objectives:

  • Understand Uniform Guidance compliance challenges related to the SEFA
  • Review tools for auditing and reporting on the SEFA
12:10 PM - 1:10 PM

Luncheon

1:10 PM - 2:50 PM

CONCURRENT SESSIONS (SELECT ONE)

47. What's Happening With the Financial Reporting Model Reexamination
Track: SLG

Speakers:
Lisa Parker, CPA, CGMA
- Senior Project Manager, Governmental Accounting Standards Board
Frank Crawford, CPA - President, Crawford &Associates, P.C.

This session will give an update on where the GASB stands with one of its biggest projects, the reexamination of the financial reporting model.

Learning Objectives:

  • to gain a better understanding of the tentative decisions that have been made by the Board to date, and
  • to gain a better understanding of the Board's next steps.

48. Form 990 - Tips, Tricks, and Traps
Track: NFP

Speakers:
Brian Yacker, CPA, JD
- Managing Partner, YH Advisors
Dave Moja, CPA - Tax Partner, Capin Crouse LLP

We will review Form 990 traps for the unwary, focusing on common red-flag portions of the Form 990. Attendees will learn about the most-essential parts of the Form 990 and how to avoid Form 990 filing errors and omissions.

49. Peer Review, How & What are We Finding
Track: Auditing

Speaker: Karl Ruben, CPA - Manager - Peer Review, AICPA

This session will cover findings and deficiencies commonly found in peer reviews related to governmental and not-for-profit audit engagements. In an effort to minimize the occurrence of these findings and deficiencies, the session will also go over:

  • resources available to firms when preparing for a peer review
  • what to expect when undergoing a peer review
  • best practices when preparing for or undergoing a peer review.

After attending this session, participants should be able to:

  • Identify common findings and deficiencies found in peer reviews related to governmental and not-for-profit audit engagements
  • Identify best practices when preparing for your peer review and during the peer review itself

50. Procurement under UG
Track: Single Audit

Speakers:
Hydeh Ghaffari, CPA, CGMA
- Partner, DZH Phillips
Robert Scott, CPA- Assistant City Manager, City of Carrollton, Texas

2:50 PM - 3:10 PM

PM Refreshment Break

3:00 PM - 4:40 PM

CONCURRENT SESSIONS (SELECT ONE)

51. Common Reporting Deficiencies - What are we still missing? [A(G)]
Track: SLG

Speakers:
Michelle Watterworth, CPA
- Partner, Plante Moran
Frank Crawford, CPA - President, Crawford & Associates, P.C.

This session will hone in on certain less frequently understood and perhaps overlooked elements of the GASB standards. Learn about some of the nuances of the GASB standards and take away some tips for better financial statement preparation!

  • Identify common errors when preparing financial statements
  • Understand how to avoid these GASB implementation challenges
  • Garner tips for more consistent application of even the most challenging GASB requirements

52. NFP: Ask the Experts
Track: NFP

Panelists:
Dave Moja, CPA
- Tax Partner, Capin Crouse LLP
Andrew Prather, CPA, CGMA - Shareholder, Clark Nuber PS
Candice Meth, CPA - Partner, EisnerAmper LLP

This is your opportunity to ask the questions not asked during the conference of our NFP panel experts.

53. Pensions, Are we there yet? [A(G), AU(G)]
Track: Auditing

Speakers:
Robert Scott, CPAA
- Assistant City Manager, City of Carrollton, Texas
Laura Hyland, CPA, CGMA - Senior Manager, AICPA

Having had a few years to work with the pension standards, preparers and practitioners should be more comfortable with the complexities. However, there are still areas that present questions and confusion from both accounting and auditing perspectives. This session will focus on changes in the pension environment, noted practice issues, and will enhance your pension knowledge.

Learning Objectives:

  • Understand common pension accounting errors
  • Recognize and deal with auditing complexities

54. Hands On Single Audit Workshop [A(G)]
Track: Auditing

Speakers:
Erica Forhan, CPA, CGMA
- Partner, Moss Adams LLP
Troy Rector, CPA - Principal, Clark Nuber PS

Put your know-how to work! In this workshop-oriented session at the end of the conference, we’ll explore various single audit scenarios and practice applying the lessons learned throughout the program. Together we’ll work though interactive case studies and exercises around specific stages of planning and performing a single audit to further increase your proficiency in this arena.

Learning Objectives:

  • Apply the knowledge gained throughout the conference in various areas of a single audit.
  • Relate lessons learned to example scenarios and determine the appropriate course of action.

Exhibitor and Sponsor Opportunities

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Travel & Accommodations

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Hotel Phone: (702) 731-7266
Hotel Reservations: (800) CAESARS
Room Rate Expiration Date: September 30, 2017 or until the room block sells out - whichever comes first.
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DRESS CODE
Business Casual


TRAVEL ARRANGEMENTS
The AICPA has a special agreement with Maupin Travel, Inc. of North Carolina to assist you with your travel arrangements. Call 1-800-345-5540 to arrange your travel to the AICPA Conference.

DELTA AIR LINES
2% to 10% OFF OF APPLICABLE FARES OR SPECIAL ZONE FARES* AVAILABLE
Call Delta Airlines 1-800-328-1111. Refer to Meeting Event Code # NMPTK

Reservations and ticketing is also available via www.delta.com When booking online, select Book A Trip, click on Advanced Search and enter the meeting event code NMPTKin the box provided.

*Zone Fares do not require a Saturday night stay over. These fares are available on all flights but are inventory controlled. Some restrictions may apply.

HERTZ CAR RENTAL
SPECIAL CONVENTION RATES ARE AVAILABLE
Book Online or call Hertz at 1-800-654-2240 and use AICPA discount code (CDP#) 12353 and convention code (CV#) 021H0024

Rates are subject to availability. The AICPA is not liable for any penalties incurred if you cancel/change your reservations.

Online Conference System Requirements

Attending Online is easy! Check the System Requirements below and install Adobe Flash if you haven't already, then visit this demo page once you're ready to check for compatibility.

NOTE: For sessions that are audio-only, you use the same player and have the experience as the above demo page, but there will be a static image in place of the video stream.

  • Adobe Flash plugin (Click on link to install) http://get.adobe.com/flashplayer/
  • Supported Browsers: Internet Explorer 8 or Higher, Firefox, Chrome, Safari
  • Computer with Speakers / Headset
  • High speed internet connection

Cancellation Policy

On-Site Conference: You may cancel without penalty if cancellation request is received up to and including 45 days prior to the start of the conference. Due to financial obligations incurred by the AICPA, a credit less 50% of the registration fee will be issued for requests received up to and including 21 days prior to the start of the conference. No refunds or credits will be issued on cancellation requests received less than 21 days prior to the start of the event.

Online Conference: You may cancel and receive a refund if cancellation request is received up to and including 15 days prior to the start of the conference. You can cancel and receive a 100% credit if your registration is canceled within 7 days of the start of the conference. Due to financial obligations incurred by the AICPA, a 60% credit will be issued for requests received up to the day prior to the start of the conference. No refunds or credits will be issued on cancellation requests received once the online conference begins.

For more information about AICPA's conference cancellation policy, contact the AICPA Service Center at 1-888-777-7077 or service@aicpa.org.