Agenda

GENERAL SESSION

LAUNCH GENERAL SESSION
8:30 AM – 9:25 AM
KEYNOTE PRESENTATION: Ongoing and Upcoming GASB Insights
Get an overview of the pronouncements currently being implemented, including Statement No. 91, Conduit Debt Obligations, through Statement No. 99, Omnibus 2022, and briefly new Statements issued in 2022: Statement No. 100, Accounting Changes and Error Corrections. If time allows, this update also briefly covers projects currently being deliberated by the Board, the pre-agenda research activities, as well as the post-implementation review activities.
Jialan Su, CPA – Supervising Project Manager, Governmental Accounting Standards Board, Norwalk, CT
Credits: 1.0 AA

LAUNCH CHANNEL ONE

CHANNEL ONE

9:35 AM – 10:25 AM
Component Units 101: Identification, Classification & Disclosure
Identifying and classifying component units (CUs) can be tricky. Should a separate legal entity be reported as a CU of another government and can it be classified as fiduciary, blended or discreetly presented? Review the criteria for identifying and classifying CUs as well as the disclosures required to explain them.
Thomas C. Skrobola – Finance Director/Treasurer, City of Farmington Hills
Credits: 1.0 AA

10:35 AM – 11:25 AM
Implementing GASB 96: All Things SBITA
As more government entities embrace licensing software and other technology-as-a-service rather than managing their own data centers, GASB Statement No. 96, Subscription-Based Information Technology Arrangements (SBITAs) provides guidance for governments to account for their SBITA associated implementation costs, intangible assets, and related liabilities. Take a deep dive into all things SBITA, including what it is exactly, how to accurately account for SBITAs, and what are some common implementation issues.
Jialan Su, CPA – Supervising Project Manager, Governmental Accounting Standards Board, Norwalk, CT
Credits: 1.0 AA

11:35 AM – 12:25 PM
How Fraud Fits All Sizes of Government
Did you know that the largest case of municipal fraud in U.S. history, the embezzlement of $53 million of city funds, took place in the small town of Dixon, Illinois? Explore the most common types of fraud found within government entities, how they differ from that of the private sector, why smaller units of government are more susceptible and the best techniques for prevention.
Bethany Verble, CPA, CFE – Senior Manager, Maner Costerisan, P.C., Lansing
Credits: 1.0 AA

1:10 PM – 2:00 PM
Single Audit Tips for Single Audit Pros
The schedule of expenditures of federal awards (SEFA) informs the auditing procedures and testing performed under uniform guidance and the compliance supplement. Join an in-depth review of the 2023 Office of Management and Budget (OMB) Compliance Supplement changes, including impacts to relevant areas of the single audit. Plus, determine best practices for SEFA cluster identification, testing and more.
Kristi Kraft-Bellsky, CPA – Principal, Director of Quality Control, Yeo & Yeo, Saginaw
Credits: 1.0 AA

2:10 PM – 3:00 PM
Walk the Line: How to Help Auditees Test & Document Internal Controls
Is there a way to help an auditee improve the testing and documentation of internal controls without compromising auditor independence or stepping into management’s role? Navigate the boundaries by defining and following these best practices and exploring flow/timeline for the process.
Duane Reyhl, CPA, CGMA – Audit and Accounting Partner, AHP, Midland
Greg Soule, CPA, CISA, CISSP, CFE – Partner, AHP, Bloomfield Hills
Credits: 1.0 AA

3:10 PM – 4:00 PM
How Fraud Fits All Sizes of Government SECOND OFFERING
Did you know that the largest case of municipal fraud in U.S. history, the embezzlement of $53 million of city funds, took place in the small town of Dixon, Illinois? Explore the most common types of fraud found within government entities, how they differ from that of the private sector, why smaller units of government are more susceptible and the best techniques for prevention.
Bethany Verble, CPA, CFE – Senior Manager, Maner Costerisan, P.C., Lansing
Credits: 1.0 AA

4:10 PM – 5:00 PM
I Spy with My Little Eye … an Illegality
In the fight against global corruption, accountants are being asked to be more forthcoming when they discover information or evidence that points to illegal or prohibited activities. This ethics workshop considers new international professional ethics proposals for responding to non-compliance with laws and regulations (NOCLAR).
Albert Spalding, JD, PhD, CPA/CFF – Associate Professor Emeritus, Wayne State University, Detroit
Credits: 1.0 ET

LAUNCH CHANNEL TWO

CHANNEL TWO

9:35 AM – 10:25 AM
Demystifying Audit Documentation Requirements
As a result of changes to audit documentation requirements set forth by the Auditing Standards Board (ASB) in 2020, new issues with audit quality continue to emerge. Discuss the ongoing quality issues associated with audit documentation procedures and strategize methods for refining the audit documentation at your firm to sidestep pitfalls being found in peer review.
Joe Verlin, CPA, CGFM – Principal in Charge of Audit Services, Gabridge & Company PLC, Grand Rapids
Credits: 1.0 AA

10:35 AM – 11:25 AM
Murphy’s Law as Applied to Audits
If it can go wrong, does it have to go wrong? Explore the myriad ways in which audits go off the rails, including faulty risk assessments, mis-shuffled templates and other common issues found during peer review.
Joseph C. Heffernan, CPA – Retired Partner, Governmental Practice, Plante Moran, PLLC, Southfield
Peggy Jury, CPA, CGMA – Peer Review CPA on Staff, Michigan Association of CPAs, Troy
Credits: 1.0 AA

11:35 AM – 12:25 PM
Financial Audit Emerging Issues and Common Reporting Mistakes
New financial audit issues are on the horizon, including billions of dollars in opioid settlement funds headed to state and public entities. Review the implications of emerging audit issues like this, as well as financial reporting items that tend to be commonly misunderstood or misapplied – like net position categories, grant accounting, and more.
Marie Stiegel, CPA – Senior Manager, Governmental Practice, Plante Moran, Grand Rapids
Credits: 1.0 AA

1:10 PM – 2:00 PM
Simplifying PTO Under GASB’s New Guidance
The implementation of GASB Statement No. 101 is less than a year away and represents the first change to how the GASB recognizes compensated absences in over 30 years. Gain a better understanding of the new standard, including its implications for government liabilities and financial statement disclosures.
Daniel A. Beard, CPA – Manager, Yeo & Yeo, Ann Arbor
Credits: 1.0 AA

2:10 PM – 3:00 PM
Pros, Cons & Strategies for Building a Budget from Zero
Zero-based budgeting is not as common as it once was, but there are situations in which public entities find it worth the effort. Determine when the use of a zero-based budget is advantageous, best practices for implementation and missteps to avoid for a smooth audit.
Lunda Asmani, CPFO – Chief Financial Officer, Norwalk Public Schools, Norwalk, CT
Matthew Lentz – Chief Financial Officer/Board Secretary, Upper Moreland School District, Willow Grove, PA
Carol MacLeod, CPA – Senior Project Manager – Research and Consulting Center, Government Finance Officers Association, Chicago, IL
Credits: 1.0 AA

3:10 PM – 4:00 PM
A Comprehensive Introduction to Single Audits
Unlike typical financial statement audits, single audits must be submitted to the federal government to ensure that federally awarded funds are being applied correctly. Get familiarized with the single audit by analyzing its differences from typical financial statement audits and understanding its processes, including minor and major program determinations.
Dorothy J. Danko, CPA – Accounting Instructor & Accounting Internship Coordinator, Grand Valley State University Seidman College of Business, Grand Rapids
Lindsey Jacobs – Visiting Instructor, Grand Valley State University Seidman College of Business, Grand Rapids
Credits: 1.0 AA

4:10 PM – 5:00 PM
Panel: Trending in State & Local Government Financial Statements
How will the state of governmental auditing, from auditor shortages to the influx of federal funds, continue to impact state and local government financial statement audits? Our panelists explore best practices for navigating the latest developments in governmental auditing and the challenges auditors must work against to perform effective and efficient audits without compromising on quality.
Nathan C. Baldermann, CPA, CGFM – Principal, Public Sector, Rehmann, Jackson
Keith Szymanski, CPA – Principal, Plante Moran, Southfield
Joe Verlin, CPA, CGFM – Principal in Charge of Audit Services, Gabridge & Company PLC, Grand Rapids
Moderator: Mathieu Dubé, CPA – Department Executive, Wayne County, Detroit
Credits: 1.0 AA

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