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Thursday, July 21, 2022 Live Webcast

Governmental Accounting & Auditing Conference (E2207010)

8:00 AM - 4:00 PM EDT
webcast

ON24

8.0 CPE Credits in AA

OVERVIEW

Our annual in-depth look at governmental accounting and auditing will provide you with the latest developments, including guidance and resources from the GASB, changes to the Yellow Book and single audits, and compliance with local government regulations.

DESIGNED FOR

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

HIGHLIGHTS

8-8:50 a.m.
GASB 87 Update
Deborah Beams, CPA - Governmental Accounting Standards Board
This session will explore the requirements of GASB Statement No. 87, Leases and related implementation guidance. It will also discuss the amendments made to GASB 87 in GASB Statement No. 99, Omnibus 2022.

9-10:15 a.m.
Single Audit Update
John D’Amico, CPA and Philip Marciano, CPA, CGFM – CBIZ Marks Paneth
This session will provide an overview and update of the most recent single audit changes. Common single audit deficiencies will be reviewed, and suggestions will be provided to help auditors avoid these errors. This session will also focus on the 2022 Compliance Supplement and addendums to the 2021 Supplement.

10:25-11:15 a.m.
Department of Local Government Services Update
Speaker Coming Soon
Hear from the DLGS about current initiatives and what is planned for the future. The American Rescue Plan Act of 2021 (ARP Act) will be featured in this session as well.

11:25 a.m.-12:15 p.m.
Risk-Based Approach to Compliance
Chris Mangano and Jason Spezzano - WithumSmith+Brown PC
Mitigating the unintentional disclosure of private data is not just crucial, it's required. A risk-based strategy to maintain compliance obligations, is often easier to implement and track. Knowing what data exists and its location within the organizational data footprint, helps isolate risk areas and their corresponding penalties in the event of a breach or data leakage event. Having a practical cyber-risk-management protocol in-place allows you to keep pace with the necessary/recurring testing and related cyber-threat-management mandates. This session will focus on three key areas: protection, identification and response in building out a risk-based-approach to achieve compliance.

12:15-12:45 p.m.
Lunch Break

12:45-1:35 p.m.
Department of Education Update
Jacqueline Grama, CPA and Montu G. Patel, CPA – New Jersey Department of Education
This session will review changes to the audit program, updates on state aid, news on grants and findings as well as other Department of Education developments.

1:45-3 p.m.
GASB Update
Jialan Su, CPA - Governmental Accounting Standards Board
This GASB update will focus mainly on the pronouncements currently being implemented, including Statement No. 87, Leases through Statement No. 98, The Annual Comprehensive Financial Report. If time allows, the session will also briefly cover other standards-setting activities, including projects currently being deliberated by the Board, the guidance and resources related to coronavirus, pre-agenda research activities and post-implementation review activities.

3:10-4 p.m.
Do the SEC Antifraud Provisions Apply to Municipal Securities?
Shelia Weinberg - Truth in Accounting
A February 2020 SEC staff legal bulletin notes that “Market participants have raised questions about the application of the antifraud provisions to statements of municipal issuers....” This session will review the bulletin in conjunction with statements that have been made by government officials, including those elected, balanced budgets, surpluses and their governments’ finances.

COURSE LEVEL

Intermediate

INSTRUCTORS

Deborah Beams

Deborah Beams, CPA

Governmental Accounting Standards Board

Deborah Beams is a supervising project manager with the Governmental Accounting Standards Board (GASB) in Norwalk, Connecticut. Deborah joined the GASB staff in 2018 and had previously worked for the GASB as a practice fellow. She spent over 10 years in public accounting as an auditor, working primarily with government and not-for-profit clients.

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.

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.

Chris Mangano

Chris Mangano

Strategic Alliance Executive

WithumSmith+Brown

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, CGMA, CGFM

Director

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.

Jason Spezzano

Jason Spezzano

Vice President of Cybersecurity

WithumSmith+Brown

Cybersecurity professional with more than twenty-five years of experience as a delivery leader and consultant. Previous experience in senior cybersecurity and operations roles supporting federal clients, including U.S. Department of Defense and Intelligence Agencies. Experience providing consulting services to SMBs to enterprise class environments across various sectors. Experience with NIST security frameworks, incident management, vulnerability & patch management, vendor management, and cyber threat intelligence. Experience providing vCISO services including cybersecurity gap analysis, risk assessments and mitigation strategies, and threat actor reports

Jialan Su

Jialan Su, CPA

Governmental Accounting Standards Board

Jialan Su is a supervising project manager with the Governmental Accounting Standards Board (GASB) in Norwalk, Connecticut. She is currently working on two pre-agenda research projects and GASB’s post implementation review project on pension plans. Previously, she has worked on the projects leading to Statement No. 72, Fair Value Measurement and Application, Statement No. 79, Certain External Investment Pools and Pool Participants, Statement No. 83, Certain Asset Retirement Obligations, Statement No. 85, Omnibus 2017, Statement No. 87, Leases, Statement No. 96, Subscription-Based Information Technology Arrangements, and various Implementation Guide Updates.

Before joining the staff of the GASB in 2013, Jialan spent 10 years working in public accounting performing financial and compliance audits mainly of local governments and not-for-profit entities in California and later in New York City. Jialan holds a master’s degree in Economics from the California State University, East Bay. She is a member of the American Institute of Certified Public Accountants and the New York State Society of CPAs. She is a licensed CPA in the states of New York and California

Shelia Weinberg

Shelia Weinberg, CPA

Truth in Accounting

Sheila A. Weinberg, CPA, is the founder and CEO of Truth in Accounting, whose mission is to compel governments to produce financial reports that are understandable, reliable, transparent and correct. Since 2002 Ms. Weinberg has led Truth in Accounting's research initiatives, which include "The Truth about Balanced Budgets: a Fifty State Study," the "Financial State of the States," and the "Financial State of the Union." Because of her expertise in governmental budgeting and accounting, Ms. Weinberg has testified before the Federal Accounting Standards Advisory Board (FASAB), the Government Accounting Standards Board, and numerous state legislative hearings on matters of proper government accounting.

PRICING

$289.00 - Member

$439.00 - Nonmember

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Note: Online pre-registration will close on July 21 at 8:00 AM.

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