LIVE STREAM: 2020 Governmental Accounting and Auditing Conference (LS13070)

Friday, December 11, 2020 / Live Stream, GA

Financial professionals working for and with government entities at the federal, state and local levels are continually addressing changes. Receive in-depth technical guidance and strategy updates on accounting and auditing, Yellow Book, COVID-19 and legislative issues. 

 

Event Status: OPEN

Event ID: #LS13070

CPE: 8.0 credits

Total Price: $280.00

Other Attendance Options

These related conferences are also available for purchase.

No Thanks
 

Make sure you are up-to-date and understand the recent concerns and new developments facing governments and their auditors. 

Materials
This conference is a paperless conference and all materials will be available electronically as PDFs. Materials will be available to download in advance and participants will receive an email when they are available. For more information on eMaterials visit ematerials.gscpa.org.
 

Friday, December 11, 2020

3:10pm-4:25pm
F - Legislative Upate from the Georgia Department of Audits and Accounts Credits: 1.5 GN

Director Leslie McGuire, CIA
Georgia Department of Audits , Atlanta, GA

7:30 am-8:00 am
Registration

8:00 am-8:05 am
Welcome and Announcements

8:05 am-9:20 am
A - Accounting & Auditing Update (A&A) Credits: 1.5 AA

Partner Trey Scott, CPA
Mauldin & Jenkins CPAs LLC , Savannah, GA

Receive an update on recently effective and issued audit standards from the Auditing Standards Board as well as the GAO and discuss changes to auditor independence resulting from recent AICPA and GAO activities.

9:20 am-9:30 am
Networking Break

9:30 am-10:20am
B1 -The Economic Outlook Amid Deep Uncertainty Credits: 1.0 GN

Thomas J. Cunningham, Ph.D
Senior Vice President-Chief Economist / Metro Atlanta Chamber of Commerce , Atlanta, GA

How a government accounts for its lease arrangements is changing. The current approach to classifying a lease as either “operating” or “capital” will no longer be relevant under the new lease standard. The new guidance establishes a uniform approach in accounting for lease arrangements based on the principle that all leases, are in substance, “financings.” Another “noteworthy” standard is GASBS 88, Certain Disclosures Related to Debt, Including Direct Borrowings and Direct Placements. Receive an overview of how GASBS 87 and GASBS 88 impact financial statement preparation and reporting.

9:30 am-10:20am
B2 - Internal Controls Over Compliance versus Compliance (A&A) Credits: 1.0 AA

10:20am-10:30am
Networking Break

Melisa Galasso, CPA, CPTD
Galasso Learning Solutions LLC , Charlotte, NC

Effective internal control safeguards a government’s assets and provides the basis for consistent and reliable financial reporting. Discuss the COSO Framework with a deep dive into what governments need to consider within each element. Review how data analysis techniques and other technology tools can integrate with a government’s system of internal control and real-world examples of what happens when a government’s internal control system fails.

11:45am-12:45am
Lunch Break

12:45pm-1:35pm
D - Information and Communication: An Integral Component of Internal Control (A&A) Credits: 1.0 AA

Tracy Arner, CPA
Program Training Manager / University of Georgia , Atlanta, GA

An important process in the review of internal controls is assessing risk associated with management objectives. Explore common management objectives in the payroll, cash receipts and cash disbursements transaction cycles. Also discuss common control activities that can be used to control these risks.

1:35pm-1:45pm
Networking Break

10:30am-11:45am
C - COVID, CARES Act, and Crisis Response Outcomes on Government Operations Budgets Credits: 1.5 GN

Partner David Roberts
Mauldin & Jenkins CPAs LLC , Atlanta, GA

1:45pm-3:00pm
E - 2020 Yellow Book Update (A&A) Credits: 1.5 AA

Lynda Dennis
University of Central Florida (UCF) , Orlando, FL

Understand the new governmental accounting standard, GASB 87, Leases through discussion that highlights changes from Legacy GASB lease accounting and discusses key terms within GASB 87.  Also review the disclosure requirements under the new standard and walk through an example of accounting for a lease under GASB 87, from lease commencement to subsequent journal entries. 

3:00pm-3:10pm
Networking Break

Conference Site

GSCPA Live Stream
Live Stream, GA 00000

 

For more information about hotel reservations, please refer to the information tab.

Early Bird Registration

$280 GSCPA Members, $380 Non-Members (by 11/20/2020)

 

Standard Registration

$340 GSCPA Members, $440 Non-Members

 

Late Registration

$380 GSCPA Members, $480 Non-Members (after 12/8/2020)