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Date / Time / Location

Thursday, June 21, 2018
8:00 AM - 4:00 PM
Registration: 7:30 AM

APA Hotel Woodbridge120 Wood Avenue South
Iselin, NJ 08830
732-494-6200

CPE Credits

  • 8.00 CPE Credits in AA

Package Pricing

Live Conference Registration (E-Materials)
  • $269.00 - Member
  • $369.00 - Non Member
Webcast: New for 2018! Attend this conference virtually.
  • $269.00 - Member
  • $369.00 - Non Member
Take an in-depth look into governmental accounting & auditing. Look forward to updates on new Yellow Book standards, GASB 75, DLGS updates, Blockchain and more. Attend this annual conference to learn about hot topics and build meaningful connections with fellow members.

Designed For

CPAs, auditors, city officials and other financial professionals who perform or are involved in local government audits.

Highlights

Agenda

7:30-8am
Registration, Breakfast, and Opening Remarks
Heidi Wohlleb, CPA - Nisivoccia LLP

8-9:15am
The Federal Single Audit – Items to Consider for Your Upcoming Audit and Common Findings
Shelly R. Masi, CPA, and Jason E. Spiegel, CPA – KPMG LLP
This session will cover various topics related to the requirements under Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). This includes items to be considered by non-federal entities and their external auditors for the upcoming audits, as well as common findings, noted in the single audit reports of non-federal entities submitted to the Federal Audit Clearinghouse.

9:15-10:05am
What’s New at DLGS and DOE? Part 1
Maureen P. Mitchell, CPA, CMFO, CTC, QPA – Division of Local Government Services
This session will explore the FAST Solution suite including Annual Debt, Annual Financial Statement, Budget Supplemental, and Audit. It will review the accounting and financial policy issues that will affect municipal officials and auditors for 2018 & 2019 including the implementation schedule for FAST.

10:05-10:20am
Break

10:20-11:10am
What’s New at DLGS and DOE? Part 2
Jason R. Martucci, Esq. – Division of Local Government Services
Jacqueline Grama, CPA and Patricia Lagarenne, CPA – New Jersey Department of Education

Part 2 will explore the pending re-adoption of NJAC 5:31 and the newly adopted EFT/claimant cert regulations in 5:30-9A and 4:31-4.1 and 4.2. Then, hear from the NJ Department of Education who will provide an update on changes to the NJ School Audit Program and an overview of the June 30, 2018 audit season.

11:10am-12:25pm
News from the GASB
Dean M. Mead – Governmental Accounting Standards Board
This session will address GASB pronouncements that New Jersey governments are implementing at present and major pronouncements for which preparation should begin soon, including:
  • Statement 84 on fiduciary activities
  • Statement 85 on pensions, OPEB, fair value, and blending
  • Statement 86 on refunding
  • Statement 87 on leases.
12:25-1:15pm
Lunch

1:15-2:05pm
Implementation of GASB 75
Dean M. Mead – Governmental Accounting Standards Board
The implementation deadline for GASB Statement 75 on other post-employment benefits (OPEB) is fast approaching. This session will delve into key issues related to applying the new standards and the implementation guidance the GASB has provided since their issuance.

2:05-2:55pm
Updates to the Yellow Book
John D’Amico, CPA – Marks Paneth LLP
The U.S. Government Accountability Office issued an Exposure Draft of the 2017 Revision of Government Auditing Standards in April 2017, and everyone is eagerly waiting to see if the proposed changes will become effective as is or will there be additional revisions in the final standards. The changes are made to make the requirements clearer by separating them from the application guidance. The updated requirements bring changes to current standards and guidance (the clarified attestation standards, the Green Book, and COSO). The key changes are in the following areas:
  • Independence threats related to preparing financial statements
  • Competence requirements
  • CPE Requirements
  • Peer review requirements
  • New requirements for addressing waste
  • Quality Control
2:55-3:10pm
Break

3:10-4pm
Blockchain and its Role in Governmental Entities
Dr. Sean D. Stein Smith, CPA, CMA, CGMA – Lehman College
  • An overview and explanation of blockchain technology, including core functionality as well as how it differs from existing cloud-based data storage options
  • Implications and applications for blockchain technology as it became more mainstream and adopted among governmental and nonprofit entities
  • Examples of how blockchain will improve or augment current accounting processes, both generally, and specific takeaways for governmentally focused CPAs
  • Places and resources to learn more, and experiment with blockchain, including resources provided by the AICPA, NJCPA, and other accounting associations

Prerequisites

None

Advance Preparation

None

Additional Notes

Webcast: Attend this conference virtually with this new participation option. Login instructions will be sent 1-week and again 24-hours in advance.

Qualifies for Yellow Book Credit
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John D'Amico

John D'Amico, CPA
Director
Marks Paneth LLP

John D'Amico, CPA, is a Director with the Professional Standards Group at Marks Paneth LLP and provides quality control services to the firm's Nonprofit, Government & Healthcare Group. He specializes in quality reviews of nonprofit organizations' audits and is part of a team that reviews all attest engagements, provides consultation on accounting and attestation matters, tests and monitors the firm's quality review policies and procedures. He also develops and delivers training material related to accounting and auditing standards and ethics.

Mr. D'Amico has over 20 years' experience providing accounting and auditing services to nonprofit organizations and higher education and governmental entities. He brings extensive knowledge of nonprofit accounting and auditing and expertise in the performance of Single Audits under OMB Circular A-133 and, now, under the new Uniform Guidance.

As a sought out thought leader in his areas of expertise, Mr. D'Amico is an instructor for the American Institute of Certified Public Accountants (AICPA) and has led numerous seminars on topics relevant to the nonprofit community.

In addition to his professional activities, Mr. D'Amico is an adjunct professor at St. John's University and a dedicated volunteer who regularly donates his time to charitable organizations. He currently serves on the boards of directors and audit committees of several of City University of New York's (CUNY) related entities and foundations.

Mr. D'Amico is a member of the AICPA and the New York State Society of CPAs.

Jacqueline Grama

Jacqueline Grama, CPA
Policy Planning Associate
State of NJ - Department of Education

Jacqueline Grama is a CPA, licensed in New Jersey and holds a New Jersey School Business Administrator Certificate. She began her career in 1987 at Arthur Young’s Metropark Office performing audits of state and local government agencies in New Jersey. In 1999, she joined the Department of Education’s Office of Fiscal Standards to develop and implement fiscal policy for the newly established Charter School Program. She currently works in the Office of Fiscal Policy and Planning and is primarily responsible for the development and administration of fiscal policy guiding school districts and for the related provision of technical assistance. She also administers the Special Education Medicaid Initiative (SEMI) in conjunction with the Departments of the Treasury and Human Services. She received her Bachelor of Science degree in Accounting from Rider University in 1987 and her Masters in Public Administration from Rutgers University in 2002. Jacqueline is also an active member of the Association of Government Accountants.

Patricia Lagarenne

Patricia Flanders Lagarenne, CPA
Planning Associate
State of NJ - Department of Education

Patricia Lagarenne, CPA, joined the Office of Fiscal Policy and Planning as a Planning Associate in 2012. Previously she worked for the department’s Office of Fiscal Accountability and Compliance. Patricia assists OFPP with all the development and administration of fiscal policy guiding school districts and related provision of technical assistance. She received her Bachelor of Science degree in Accounting from Wagner College in 1990. She is licensed in New York and New Jersey, holds a New Jersey School Business Administrator Certificate and is a member of the Association of Government Accountants.

Jason Martucci

Jason R. Martucci, Esq.
Legislative & Regulatory Affairs Officer
Division of Local Government Services / Dept of Community Affairs

Jason R. Martucci is the Legislative and Regulatory Affairs Officer for the Division of Local Government Services in the New Jersey Department of Community Affairs, and serves as the Department’s designee to the State’s Government Records Council.

As the Division of Local Government Services’ Legislative Liaison and Administrative Practice Officer, Mr. Martucci analyzes local government-related legislation and administers the rulemaking process for all DLGS and Local Finance Board regulations. Mr. Martucci drafts agency technical guidance on various matters including, but not limited to, local government finance and public procurement, and has spoken on local government issues before organizations such as the New Jersey League of Municipalities, New Jersey Association of Counties, and the Governmental Purchasing Association of New Jersey. Mr. Martucci is the author of “When Should the Victor Receive the Spoils?: Determining the Proper Threshold for Attorney Fee Awards and the Prevailing Plaintiff Standard Under the New Jersey Civil Rights Act’s Fee-Shifting Provision”, 30 Seton Hall Legis. J. 163 (2005).

Mr. Martucci is an attorney admitted to practice in New Jersey and the District of Colombia, and is certified as a Registered Municipal Clerk. Prior to joining the Department of Community Affairs, Mr. Martucci worked in private practice and served as a Councilman in Seaside Park Borough.

Mr. Martucci received his B.A., cum laude, from The College of New Jersey and his J.D. from Seton Hall University School of Law, serving on the Executive Board of the Seton Hall Law Legislative Journal. Mr. Martucci was Law Clerk to the Honorable Ronald E. Hoffman, J.S.C., Ocean County Superior Court.

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Shelly Masi

Shelly R. Masi, CPA
Partner
KPMG LLP

Shelly R. Masi is an audit partner in KPMG's Metro New York Higher Education and Not-for-Profit practice located in Short Hills, New Jersey office. She has 25 years of experience providing audit services to higher education and other not-for-profit organizations in New Jersey and New York. She has significant financial statement audit experience following both GASB and FASB standards, as well as experience in performing audits of pension plans and grant audits in accordance with Uniform Guidance and New Jersey OMB Circular 15-08. In addition, she has assisted higher education and healthcare organizations with bond financing transactions and has analyzed financial results through benchmarking and consideration of leading practices. She is a firm designated Single Audit Review Partner who is responsible for independent review of single audit reports and work papers. She is also a firm designated Employee Benefit Resource Partner who is responsible for the independent review of employee benefit plan reports. She is an SEC concurring review partner, responsible for concurring partner review of tax-exempt bond offerings.

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Dean Mead

Dean Michael Mead
Governmental Accounting Standards Board

Dean Mead is GASB Senior Research Manager, and Coordinator for the Governmental Accounting Standards Advisory Council. He oversees the GASB’s research agenda, manages external research, and coordinates stakeholder outreach and communication.

Dean is the author of the GASB’s User Guide Series and other plain-language publications. In 2015, Dean received the Award for Excellence from the National Federation of Municipal Analysts for his efforts to educate analysts about governmental accounting through writing and teaching.

Dean also is an adjunct member of the accounting faculty at Rutgers Business School, Rutgers University, where he teaches governmental accounting & auditing, governmental financial analysis, and advanced topics in governmental accounting. He currently serves on the editorial board of Journal of Governmental and Nonprofit Accounting. Prior to joining the GASB, he was assistant director of research at the Citizens Budget Commission in New York and an adjunct professor at New York University’s Robert F. Wagner Graduate School of Public Service.

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Maureen Mitchell

Maureen P. Mitchell, CPA, CMFO, CTC, QPA
Financial Regulation Manager
Division of Local Government Services / Dept of Community Affairs

Maureen Mitchell is a Financial Regulation Manager for the State of New Jersey Division of Local Government Services. She has over 15 years of public entity specific experience in a broad range of Local Government entities. Ms. Mitchell started her career in government while working for Bowman & Company LLP a regional accounting firm performing audits of local entities. She then went on to work in local government as a Certified Municipal Chief Financial Officer, Certified Tax Collector, Qualified Purchasing Agent, and Planning Board Secretary.

Maureen Mitchell is also a Certified Public Accountant with a Master’s degree in Governmental Accounting from Rutgers’ University. She received her bachelor of arts in accounting from Saint Joseph’s University Philadelphia, PA.

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Jason Spiegel

Jason E. Spiegel, CPA
Partner
KPMG LLP

Jason (Jay) Spiegel is an audit partner in KPMG's Government Practice based in the Short Hills, New Jersey office and has over 15 years of diversified experience in serving government, higher education, and not-for-profit organizations in the New Jersey and Metro New York areas. He has extensive experience in conducting financial statement audits in accordance with U.S. generally accepted auditing standards and Government Auditing Standards issued by the Comptroller General of the United States, as well as compliance audits in accordance with the single audit requirements under Federal OMB Uniform Guidance and New Jersey OMB Circular Letter 15-08.

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Sean Stein Smith

Sean D. Stein Smith, CPA, CMA, CGMA
Assistant Professor
Lehman College

Sean Stein Smith is an assistant professor at Lehman College (CUNY), a member of the AICPA Leadership Academy class of 2017, and has led multiple educational sessions on blockchain and accounting applications, attracted over 2,000 attendees. His work and analysis of accounting, blockchain, and the evolution of the accounting profession has been featured in numerous practitioner and academic publications. Additionally, he is the author of numerous books focusing on accounting, technology, and how the profession will change moving forward. He has been interviewed by several media outlets discussing these topics, including practitioner and mass media venues.

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