Agenda
7:30-7:45am
Registration and Breakfast
7:45-8:00am
Welcome and Opening Remarks
Carol A. McAllister, CPA, RMA – Bowman & Company LLP
8:00-9:40am
The Federal Single Audit – Update on the Adoption of Federal OMB Uniform Guidance and Common Deficiencies and Findings Noted (AA)
Jason E. Spiegel, CPA – KPMG LLP
This session will cover various topics on the adoption by non-federal entities and their external auditors of the requirements under Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), as well as common deficiencies and findings noted in the single audit reports of non-federal entities submitted to the Federal Audit Clearinghouse.
9:40-9:55am
Morning Break
9:55-11:10am
GASB Update (AA)
Roberta E. Reese, CPA – Governmental Accounting Standards Board
This session will keep you up-to-date on the recent developments at the GASB as well as provide an overview of new standards including
- Other postemployment benefits, focusing on implementation issues
- Asset retirement obligations
- Fiduciary activities
- Leases
- Tax abatement disclosures
- Implementation guidance update 2017-1
- Certain debt extinguishment issues
- Omnibus
11:10am-12:00pm
What’s New at DLGS? (AA)
Maureen P. Mitchell, CPA, CMFO, CTC, QPA and Paul T. Urbish, Esq. – Division of Local Government Services
Examine the new Financial Automation Submission & Tracking (FAST) solution that DLGS will launch for 2018 Calendar year reporting. The Division of Local Government Services is in the process of creating a solution to automate all of the current Local Entity Financial Information files. The FAST solution will provide many benefits in the collection, review, approval and dissemination of local government financial information. The Solution will be a user-friendly cloud based portal for submission that would allow local government entities to electronically upload, complete and submit documents (to include budget, financials and debt with supporting documentation), rather than the current paper/Excel submissions.
12:00-12:40pm
Lunch
12:40-1:30pm
Fraud Detection Procedures for High Risk Areas (AA)
Rick Albrecht - ADP
How do you protect yourself from fraud? Hear from a Senior Security Advocate with the Global Security Organization of ADP on how to develop and implement fraud detection procedures. Examine the high risk areas and learn how to develop standardized metrics and reporting. Then identify gaps in security incident management processes and how to fix them.
1:30-2:45pm
Cyber Security in Government (CS)
Michael M. Nelson - DFDR Consulting LLC
If you haven’t already been asked about cyber security, chances are you will be soon. As a CPA, it’s essential to have a basic understanding of cyber security and its importance. This session will provide you with an overview of security in public entities as well as offer tips for the proper governance and guidance of information security. Learn about risks, vulnerabilities and common pitfalls to avoid when developing a cyber security strategy.
2:45-3:00pm
Break
3:00-3:50pm
Current Bond Market (AA)
Matthew Jessup, Esq. - McManimon, Scotland & Baumann, LLC
The current bond market is affected by a number of factors. Examine the economic and geopolitical factors and what your best options are. Hear from a local attorney who specializes in public finance transactions.