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Thursday, June 25, 2020 Webcast

Governmental Accounting & Auditing Conference (E2006160)

8:00 AM - 4:00 PM EDT
webcast

Webcast

8.0 CPE Credits in AA

OVERVIEW

It's our annual in-depth look at governmental accounting and auditing, including the latest developments from the GASB and updates in SAS No. 134, the Yellow Book and Single Audit.

DESIGNED FOR

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

HIGHLIGHTS

8-8:50 a.m.
New Auditor Reporting Standards
Patricia O. Fede, CPA – Marks Paneth LLP
The AICPA’s Auditing Standards Board (ASB) issued its Statement on Auditing Standards No. 134 in May of 2019. Discuss modifications such as:
  • Changes on the "Opinion” and “Basis of Opinion” sections.
  • How the “Basis of Opinion” section of the auditor's report should include an affirmative statement about the auditor's independence.
  • The communication of Key Audit Matters (KAMs).
  • The revised description of the auditor and management.
8:50-8:55 a.m.
Break

8:55-10:35 a.m.
Single Audit Update & Government Auditing Standards Yellow Book: 2018 Revision
John D’Amico, CPA and Philip Marciano, CPA, CGFM – Marks Paneth LLP
Each year there are modifications to Uniform Guidance that affect how auditors perform their Single Audits. This year is no different. Grab an update on regulatory changes that non-federal entities must abide by for federal award compliance. This session will cover vital recent changes affecting Single Audits and proposed OMB changes to Uniform Guidance
  • Procurement standards.
  • 2019 Compliance Supplement.
  • 2019 data collection form.
  • Proposed OMB changes to Uniform Guidance.
The 2018 Yellow Book will be in effect for financial audits beginning June 30, 2020 replacing the 2011 revision. This session will cover key changes including:
  • New format and organization.
  • New and clarified independence requirements for non-audit services.
  • CPE.
  • Peer review requirements.
  • Waste and abuse.
  • Other updates.
10:35-10:50 a.m.
Break

10:50 a.m.-12:05 p.m.
GASB Update
Hollis Hanson-Pollock, CPA - GASB
Many GASB pronouncements are currently being implemented, including Fiduciary Activities and Leases. Learn about the key issues on the GASB’s current agenda.

12:05-12:35 p.m.
Lunch Break

12:35-1:25 p.m.
The Emergence of 5G Wireless Communication – Why You Should Be Concerned
Christopher Mangano – Ocellus Tech
Most people don’t realize that 5G (5th Generation Wireless) is the equivalent of a moon-landing moment in the world of technology. When the speed of data combines with advancements in Artificial Intelligence and quantum computing, it will make the world nearly unrecognizable. These changes will heighten fraud potential and cyber risks to a level unlike anything before.

1:25-1:30 p.m.
Break

1:30-2:20 p.m.
Department of Education Update
Jacqueline Grama, CPA and Montu G. Patel, CPA – New Jersey Department of Education
Join us for a briefing from the Department of Education, for discussions on:
  • Changes to the Audit Program
  • GASB 84 and 87
  • Other Department of Education Updates
2:20-2:35 p.m.
Break

2:35-3:50 p.m.
The Art of Interviewing in Financial and Fraud Investigations
John Pizzuro – The Integrated Wellness Foundation
The majority of human communication is non-verbal, meaning there’s an opportunity to analyze somebody’s body language to determine if they are disingenuous. This presentation will delve into cognitive interview techniques, such as:
  • How to frame questions in a manner that people will unknowingly provide more information.
  • How stress impacts the limbic system and manifests through certain non-verbal actions.
  • How to build rapport and get anyone to cooperate with you.

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTORS

John D'Amico

John D'Amico, CPA

Partner

Marks Paneth LLP

John D'Amico, CPA, is a Partner within the Professional Standards Group at Marks Paneth LLP, which is responsible for monitoring quality control in the firm as mandated by professional standards. He specializes in pre-issuance reviews and inspections of nonprofit organizations, governments and Single Audits. Mr. D’Amico also provides consultation on accounting and attestation matters and tests and monitors the firm's quality review policies and procedures. He teaches continuing education classes for the firm and on behalf of the American Institute of Certified Public Accountants (AICPA) nationally.

As a sought-out thought leader in his areas of expertise, Mr. D'Amico has authored numerous articles pertaining to nonprofit accounting/auditing, governmental auditing standards and Uniform Guidance. He frequently leads training seminars for his clients and is an instructor for the American Institute of Certified Public Accountants (AICPA). He has presented at the annual Nonprofit Conferences of the New York State Society of CPAs; the New Jersey Society of CPAs; and the Connecticut Society of CPAs; as well as the annual Governmental Conferences of the Connecticut Society of CPAs and the Michigan Society of CPAs.

In addition to his professional activities, Mr. D’Amico is a dedicated volunteer who regularly donates his time to charitable organizations. He currently serves on several nonprofit boards of directors in a variety of capacities.

Patricia Fede

Patricia O. Fede, CPA

Senior Director

Marks Paneth LLP

Patricia Fede, CPA, is a Senior Director in Marks Paneth’s Professional Standards Group, which is responsible for monitoring and upholding the firm’s quality control procedures as mandated by industry standards. In this role, she executes pre-issuance reviews of attest engagements and trains the firm’s attest teams, to ensure they maintain the most stringent levels of professionalism in their client engagements. She is skilled at researching complex accounting and auditing questions and assisting with strategic solutions.

Ms. Fede’s career and experience at both national and regional firms span more than two decades, with specialties in broker-dealer audits, employee benefit plans, real estate and nonprofit entities. She is an active member of the New Jersey Society of Certified Public Accountants (NJCPA) and presents regularly on accounting and auditing topics as well as practical applications of new rules.

Beginning her career as an audit manager with a global accounting firm, Ms. Fede has also worked for financial services organizations in quality control, corporate reporting and internal audit. Prior to joining Marks Paneth, she was a Director in the Quality Review department of another nationally ranked Mid-Atlantic accounting firm. She is based out of Marks Paneth’s New Jersey office.

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.

Hollis Hanson-Pollock

Hollis Hanson-Pollock, CPA

Associate Practice Fellow

Governmental Accounting Standards Board

Hollis Hanson-Pollock, CPA, is an associate practice fellow with the Governmental Accounting Standards Board (GASB). She is currently working on GASB projects related to revenue and expense recognition and other pre-agenda research. Previously, she worked on Statement No. 92, Omnibus 2020, and the implementation guide for Statement No. 87, Leases, and led the GASB’s project on Replacement of Interbank Offered Rates. Outside of her two-year fellowship with the GASB, she is a manager at Crowe LLP, where she has focused on providing audit and consulting services to municipalities, community colleges, school districts, and transportation agencies. She is a member of the American Institute of Certified Public Accountants and the Illinois CPA Society and is a licensed CPA in the state of Illinois.

Chris Mangano

Chris Mangano

VP Sales & Marketing

Ocellus Tech

Outgoing and charismatic, Chris Mangano thrives in addressing an audience. With over 30 years of experience in the IT realm, Chris brings his industry to life. “Striving for progress, not perfection” is Chris’s motto and how he educates his clients and peers. He enjoys taking a non-traditional approach with both his clients and prospective clients by holding Private Lunch Workshops as well as going out and about presenting on relevant cyber security, risk and compliance topics for various organizations and conferences. As Vice President of Mercadien Technologies, Chris works diligently to develop these presentations to educate companies with the most up-to-date information on cyber risks, preventions and services he and his team provide.

It’s reassuring to know that the person educating you has been in your shoes. As a former business principal, Chris understands the uncertainty his clients face. He managed sales, marketing and operations for an IT company he co-founded and ran for ten years. Later, he became an advisor to help others grow their organizations and determine risks. Chris utilizes his past experience to assist his clients in navigating the uncertainty in areas such as cybersecurity, risk management, disaster recovery, and network design and implementation. Clients turn to Chris when they want an expert who has experienced these issues first hand and is familiar with the nuances of each area.

Chris is motivated by building relationships. He will educate you on the topics at hand, while continuing to act as a sounding board. He assists his clients in determining their risks and vulnerabilities, then develops practical recommendations that meet operational goals aligned with a client’s budget. Chris will be there from start to finish for whatever his clients need.

Philip Marciano

Philip Marciano, CPA, CGFM

Senior Manager

Marks Paneth LLP

Phil Marciano, CPA, is a Senior Manager within the Professional Standards Group at Marks Paneth LLP. He specializes in the quality reviews of audits of governments and nonprofit organizations, including Uniform Guidance (formerly OMB A-133) audits. The Professional Standards Group is responsible for monitoring quality control as mandated by professional standards. Specifically, he 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, and develops and delivers training material related to accounting and auditing standards, ethics and industry-specific matters.

Prior to joining Marks Paneth, Mr. Marciano gained several years’ experience with a mid-sized CPA firm on Long Island, providing accounting and auditing services to his clients within the government, education and nonprofit arenas. His experience includes engagements involving audit, attest and assurance services, Government Auditing Standards, Uniform Guidance, risk assessments, and internal control studies. He has led training seminars for his clients and professional staff on various topics. He has given seminars on behalf of the New York State Government Finance Officers Association, New York State Association of School Business Officials, and the Institute of Internal Auditors (Long Island Chapter) on various subjects including governmental and nonprofit accounting/auditing. Mr. Marciano is also an instructor for the AICPA.

Montu Patel

Montu G. Patel, CPA

Planning Associate

State of NJ - Department of Education

Montu Patel is a Planning Associate in the Office of Fiscal Policy and Planning. He joined the Department of Education in 2015 and is primarily responsible for the development and administration of fiscal policy guiding school districts and for the related provision of technical assistance. He received his Bachelor of Science degree in Accounting from Rutgers University in 2006. He holds a CPA license in New Jersey. Prior to working with the Department of Education, his experience includes the audits of profit and not-for-profit organizations.

PRICING

Webcast: Attend this conference virtually.

    $289.00 - Member

    $389.00 - Non Member

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Note: Online pre-registration will close on June 25 at 8:00 AM.

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