Total Credits: 8 including 8 Accounting (Governmental) - Technical
Stay up-to-date on rapidly changing developments by participating in the 2020 Governmental Accounting and Auditing Update! Take advantage of this opportunity to find out about breaking government issues. This is your opportunity to hear about the latest challenges facing state and local governments and practitioners who work with them and audit them, presented by leading experts on governmental accounting and auditing, both those who work in the trenches and those from the regulatory world.
With all of the fiscal, regulatory, and new standards challenges facing governments and their auditors, it is important to keep current on critical issues and developments. In 2020, governments and their auditors are operating in a rapidly changing environment as they face the many challenges associated with the COVID-19 pandemic. From a governmental accounting, auditing, and compliance perspective, 2020 will be a critical year for addressing the complex pandemic-related challenges as well as focusing on implementing new standards and requirements! Plus, it is imperative that you start planning for the significant changes coming in 2021 and beyond! Hear our important new hot topic for 2020 on addressing key challenges (including accounting, control, operations, auditing, federal funding, compliance, reporting) related to the COVID-19 pandemic! Other exciting new topics this year include focused discussions on implementing GASB’s fiduciary activities and lease standards and GAO’s 2018 Yellow Book!
GASB has issued an unprecedented number of standards in the last several years—issuing 20 statements in 2015–2019 and 6 statements, so far, in 2020. Among the new standards, GASB Statement No. 95 provides temporary relief from certain newer accounting and financial reporting requirements to governments due to the COVID-19 pandemic by postponing the effective dates of certain GASB standards. GASB has also provided guidance and tools addressing pandemic-related accounting issues. Now is the time to find out about the details on how these and other recently effective guidance will affect governmental accounting and reporting. The ACPEN panel of experts can fill you in on all the latest details you need to know about critical new requirements, implementation issues, and developments.
It is time to implement GASB’s standard on fiduciary activities, and implementation of the complex new lease standard is coming soon! You’ll get the latest scoop on all the new standards from both the GASB, preparer, and audit implementation sides—and hear about solutions to those issues. Now is the time to find out about the details on how these and other recently effective standards will affect governmental accounting and reporting.
2020 is also the time to focus on preparing to implement GASB’s new lease standards! GASB’s new lease standards significantly change the existing lease guidance for governments. It is imperative that government finance officials and their auditors understand how GASB Statement No. 87 and related implementation guide questions and answers will affect accounting for leases and the effect on governmental reporting. Now is the time to find out about implementation challenges and to start planning a strategy on how to conquer those critical implementation issues!
For Single Audits, the ACPEN panel will cover topics that are relevant to single audits being performed NOW. Following current developments and using the most recent guidance is critical to conducting quality single audits. Hear the details on the latest single audit issues. In addition to providing you with the latest information about the effect of the COVID-19 pandemic on single audits, the ACPEN panel will highlight key issues relating to the Uniform Guidance, the 2020 OMB Compliance Supplement (including the 6-requirement mandate, changes to Part 3, and COVID-19 program/compliance issues), changes in the recently updated Data Collection Form, the updated Audit Guide, and the latest audit quality findings relating to single audits. It is critical that auditors understand how requirements have changed and how to effectively use the Compliance Supplement.
Finally, you’ll receive an update on the most recent accounting and auditing developments affecting governments and government auditors. This includes Single Audit issues, AICPA and Yellow Book implementation issues, new and recently effective GASB pronouncements, audit issues, and a look at what’s on the horizon. Join ACPEN’s panel of experts as they discuss, not only the technical requirements of new standards, but also the key implementation issues that must be addressed by auditors and their governmental clients! Benefit from their experience and insights from many perspectives, as well as their long experience in governmental accounting and auditing.
| Important Course Information_Read First (0.47 MB) | Available after Purchase | ||
| Course Manual_GAA Update 2020 (16.6 MB) | 180 Pages | Available after Purchase |
| 2020 Govt A&A Update_Q&A (12.4 KB) | Available after Purchase | ||
Carole A. Burgess, CPA, is an Executive Editor of PPC products for the Tax & Accounting business of Thomson Reuters, in Carrollton, Texas. She is an author of PPC’s Guide to Single Audits, PPC’s Guide to Preparing Governmental Financial Statements, PPC’s Governmental Financial Statement Illustrations and Trends, and PPC’s Guide to Religious Organizations, and a contributing author of other guides and continuing education courses. Carole is also the technical review editor of The PPC Nonprofit Update newsletter. Ms. Burgess’ experience prior to joining PPC includes eleven years in public practice with Deloitte & Touche, LLP, where she was a senior manager specializing in state and local governments and recognized nationally as a compliance audit specialist relating to the Single Audit Act. Carole is a frequent presenter to accounting and other professional organizations including the Texas Society of CPAs.
Frank Crawford, CPA, is President of Crawford & Associates, P.C., Certified Public Accountants, an accounting firm located in Oklahoma City, OK. The firm specializes in providing auditing, consulting and accounting services solely to governmental entities and is a member of the AICPA and the AICPA Government Audit Quality Center. Over the last 39 years, Crawford & Associates has provided a variety of audit and accounting services to all sizes of government including many types of financial statement audits and attestation services, fraud investigations, internal control analysis, accounting policy and procedure development, outsourced internal auditing and internal monitoring, developing management anti-fraud programs and controls, quality assurance reviews, training, and expert witness services.
Mr. Crawford was the recipient of the Association of Government Accountants (AGA) 2014 Private Sector Financial Excellence Award, an annual recognition of one individual who has been deemed by the AGA to have made significant contributions to the field of governmental financial management. Frank was also recognized as a recipient of the U.S Graduate School’s “2010 Instructor Excellence Award”. Quoting the U.S. Graduate School officials, “Your students and colleagues, as well as Graduate School Staff, honour and value the work that you do here, as evidenced by the many statements of support that praised your skills. Of the School’s 800+ instructors, you are one of only thirteen who will receive this prestigious award this year.”
In 2012, Mr. Crawford completed a 4 year term as Chairman of the AICPA Government Expert Panel after serving on the Panel for 11 years, and is currently the Chairman of the Oklahoma Society of CPAs Government Accounting and Auditing Committee (27 years), and has also been involved in a number of other AICPA committees and task forces as they relate to governmental accounting and auditing, including the AICPA Governmental Accounting and Auditing Committee, the AICPA Government and Not-For-Profit Expert Panel, the AICPA Government Performance and Accountability Committee, the AICPA GASB 34 Audit Guide Revision Task Force, and the GASB’s recent Financial Reporting Model revision Task Force. In 2015, Mr. Crawford completed a 4 year term as Chairman of the AICPA’s annual Government and Not-For- Profit Training Conference after serving on the Planning Task Force of the Conference for 18 years.
Over the years, Mr. Crawford has assisted both the AICPA and GASB in the development of several implementation guides as a member of an advisory group, task force or technical content provider. His experience with GASB 34 implementation and audit issues dates back to June 30, 1999, as auditor of the first general-purpose government in the United States to implement the requirements of GASB 34.
Mr. Crawford is also currently working with many of the US states, territories, commonwealths and freely-associated compact governments on audit finding resolution and financial analysis projects and also serves as a technical consultant and advisor to a number of Federal Government Agencies. Frank is a frequent lecturer, trainer and discussion leader for numerous groups, including U.S. Federal Government Agencies, various local and national CPA firms, a number of State Societies, and has also appeared in several AICPA continuing professional education videos and live CPE broadcasts and webcasts related to governmental accounting and auditing.
Commonly known as Frankie to clients, friends and family, and Pappy to his two grandchildren, Mr. Crawford has two children and two grandchildren, daughter Madison and husband Jon, son Blake, 5 year old grandson Brody, and 3 year old granddaughter Brenley. Mr. Crawford also has the good fortune to be married to Cindy Crawford (not the supermodel, but better).
Bob Scott, CPA is Executive Director of Administrative Services for the Town of Prosper, Texas where his responsibilities include all aspects of the City’s financial operations, Information Technology, Human Resources, Municipal Court and Utility Customer Service. Mr. Scott, a CPA, began his career in public accounting, ultimately serving as an audit manager with responsibility for numerous local government clients. He has extensive experience in accounting and financial reporting issues having served on various GASB review committees and taskforces including the pension taskforce. He has been active in GFOA for many years serving both as Chairman of the Committee for Accounting Auditing and Financial Reporting and on the GFOA Executive Board. Also, as an active member of the AICPA, he has served as a member of the State and Local Government Expert Panel and has authored the AICPA course: GASB 68 Pension Accounting and Auditing Seminar. In 2008 the AICPA named him the outstanding CPA in local government. At the state level, he has twice received GFOA of Texas Outstanding Finance Officer Award and is a Past President. He currently serves as a Trustee for the Texas Municipal Retirement System.
David R. Bean, CPA, is the chief executive officer of Governmental Accounting Research, LLC, a consulting and training firm dedicated to public sector accounting and financial reporting activities. Prior to his retirement from the Governmental Accounting Standards Board (GASB) in March 2021, David served as the GASB director of research and technical activities over 30 years. Prior to joining the GASB in 1990, David worked in public accounting and government. He also has served as Deputy Chairman of the International Public Sector Accounting Standards Board (IPSASB). He was the lead author on the 1988 Governmental Accounting, Auditing and Financial Reporting (Blue Book) and was the founder of the GAAFR Review newsletter. He was the last director of the National Council on Governmental Accounting before the formation of the GASB in 1984. David is a member of the Government Finance Officers Association, the Connecticut and Illinois Government Finance Officers Associations, the American Institute of Certified Public Accountants, the Illinois CPA Society, the Association of Government Accountants, the National Federation of Municipal Analysts, and the Municipal Analysts Group of New York.
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