Thursday, December 7, 2023
8:00 am-9:15 am
A - Implementation Update of GASB 87 & GASB 96 Update
Credits: 1.5 AD
Jennifer Louis, CPA
Emergent Solutions Group
,
Charlotte, NC
Focus on frequently asked questions about implementing new GASB accounting guidance related to leases and subscription-based information technology arrangements (SBITAs). The discussion will include recent nonauthoritative guidance in the 2023 GASB Implementation Guide and authoritative guidance in GASB 99 related to these topics.
9:25 am-10:15am
B - Accounting for Revenue
Credits: 1.0 AD
Hope Pendergrass, CPA
Mauldin & Jenkins CPAs LLC
,
Macon, GA
Cover current GASB guidance on accounting for exchange and nonexchange transactions, including discussion of eligibility criteria vs. time and purpose restrictions.
10:25am-11:15am
C - Impact of New and Existing Federal Programs
Credits: 1.0 AD
Caroline E. James, CPA
Georgia Department of Audits
,
Statesboro, GA
Unpack new and existing federal programs that are still impacted by the various COVID-19 legislation and the Infrastructure Investment and Jobs Act. Also, discuss how this funding affects the single audit process from the auditor and auditee perspective.
12:00pm-12:50pm
D - Yellow Book Update: 2023
Credits: 1.0 AD
Scott Owens
Georgia Department of Audits
,
Atlanta, GA
Discuss independence considerations for audits performed under Government Auditing Standards and new AICPA SLG Affiliates Guidance.
1:00pm-1:50pm
E – Ethics Update
Credits: 1.0 RE
Paul D. Ziga, CPA, MBA
Executive Director
/
Georgia State Board of Accountancy
,
Atlanta, GA
Discuss Georgia’s Amended CPE Rules starting in 2024, along with the ethics CPE requirement and the CPE audit process in Georgia.
2:00pm-2:50pm
F - Accounting for Compensated Absences, Accounting Changes, and Error Corrections Per GASB
Credits: 1.0 AD
Jennifer Louis, CPA
Emergent Solutions Group
,
Charlotte, NC
GASB 100 and GASB 101 will be shortly coming into effect. Review the new accounting requirements and how they differ from current practice, including answers to frequently asked questions related to implementation, including early adoption considerations.
3:00pm-4:15pm
G - Anatomy of a Fraud
Credits: 1.5 AD
Donna L. McGinnis, CPA, CFE
Internal Auditor/Compliance Officer
/
Columbus Consolidated Government
,
Columbus, GA
On August 11, 2021, we saw the first steps of justice for the citizens of Columbus/Muscogee County. We can now share what occurred and will share lessons learned so that others won’t walk this path again. Recognize unique risks and “red flags” that may exist in your operations, current audit policy to ensure that guidelines address work areas managed by constitutional officers and necessary steps to take in the event fraud is discovered, which may include activities with federal, state, or local law enforcement, and additionally news media and external auditors.
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EMaterials