Agenda

GENERAL SESSION

LAUNCH GENERAL SESSION
8:30 AM – 9:25 AM
KEYNOTE PRESENTATION: The Latest in Governmental Accounting
Stay ahead of the curve with an essential update on the latest Governmental Accounting Standards Board (GASB) pronouncements. Break down key requirements and effective dates for Statements 101, 102, and 104, covering compensated absences, risk disclosures, and capital asset disclosures while gaining the insights you need to ensure compliance and prepare for upcoming changes.
Scott A. Reeser – Supervising Project Manager, Governmental Accounting Standards Board (GASB), Norwalk, CT
Credits: 1.0 AA

1:10 PM – 2:00 PM
KEYNOTE PRESENTATION: Spotlight on Single Audit
The 2024 Office of Management and Budget Compliance Supplement introduced key changes to single audit triggers, including an increase in the threshold for non-federal entities and a reduction in the number of programs considered high risk. Explore the implications of these changes as well as the continued impact of the Infrastructure Investment and Jobs Act and COVID-19 funding on single audits while discussing best practices for better quality.
Lindsey L. Kennimer, CPA – Partner, Snow Garrett Williams, Certified Public Accountants, Weatherford, TX
Credits: 1.0 AA

LAUNCH CHANNEL ONE

CHANNEL ONE

9:35 AM – 10:25 AM
GASB 103: The Evolving Financial Reporting Model
GASB Statement 103 introduces significant updates to the financial reporting model, reshaping how governments present financial information. We explore key amendments, including changes to management’s discussion and analysis, special and extraordinary item reporting, and proprietary fund financial statements. Learn how these changes impact financial transparency and reporting consistency.
Scott A. Reeser – Supervising Project Manager, Governmental Accounting Standards Board (GASB), Norwalk, CT
Credits: 1.0 AA

10:35 AM – 11:25 AM
Inside GASB: Emerging Issues and Future Standards
Get an exclusive look at GASB’s current technical agenda and the future of governmental accounting. Discuss topics under deliberation, including revenue and expense recognition, infrastructure asset reporting, and severe financial stress disclosures. Stay informed on the direction of GASB standards and how they could shape financial reporting in the years ahead.
Scott A. Reeser – Supervising Project Manager, Governmental Accounting Standards Board (GASB), Norwalk, CT
Credits: 1.0 AA

11:35 AM – 12:25 PM
Serving Up Compliance: Key Updates for Child Nutrition Programs
Stay ahead of the latest Child Nutrition Program updates with insights into audit preparation and compliance best practices. We discuss common findings from recent reviews and strategies to ensure a smooth audit process.
Tanea Curtis Brooks – Financial Analyst, Fiscal & Administrative Services, Michigan Department of Education – Office of Nutrition Services, Lansing
Stacey Lamper-McFall – Financial Analyst, Fiscal & Administrative Services, Michigan Department of Education – Office of Nutrition Services, Lansing
Emily Mattern – School District Consultant, School Nutrition Programs, Michigan Department of Education – Office of Nutrition Services, Lansing
Credits: 1.0 AA

2:10 PM – 3:00 PM
Internal Control Over Compliance Testing
Explore requirements regarding internal controls over compliance testing set forth by the Office of Management and Budget Uniform Guidance. Determine practical strategies for applying controls, including common mistakes and mitigation strategies. Plus, take a closer look at situations that require subrecipient monitoring, such as entities that receive a portion of grant funds to complete specific project initiatives.
Lindsey L. Kennimer, CPA – Partner, Snow Garrett Williams, Certified Public Accountants, Weatherford, TX
Credits: 1.0 AA

3:10 PM – 4:00 PM
Ethical Considerations in Record Retention: Should I Keep or Should I Throw?
Requirements surrounding record retention continue to leave many practitioners confused. What documents must you keep, how long must you keep them and which can you destroy? Discuss why it is important to understand the requirements and the potential impact it can have on both the governmental unit and the CPA firm.
Raymond T. Rowe, JD – Attorney, Raymond T. Rowe, PC, Troy
Credits: 1.0 ET

4:10 PM – 5:00 PM
Navigating the Post-ARPA Landscape: Updates for CPAs
As ESSER and other COVID-related grants wind down, CPAs must navigate the evolving compliance landscape and fiscal oversight challenges. We cover lessons learned, updates to Uniform Grant Guidance, and the impacts for Michigan, equipping attendees with the latest insights for effective programmatic monitoring and reporting.
Kevin Walters– Supervisor, Office of School Support Services, State of Michigan Department of Education, Lansing
Credits: 1.0 AA

LAUNCH CHANNEL TWO

CHANNEL TWO

9:35 AM – 10:25 AM
Implementing QM Standards on Time and on Point
The AICPA’s new Quality Management (QM) Standards require firms to think critically about the risk associated with the specific practices and processes of their own organization. Review the four interrelated standards, determine how they differ from the previous standards and explore how they apply to governmental single audits. Plus, develop an implementation timeline with considerations for small firms to ensure compliance by the upcoming effective date of Dec. 15.
Peggy Jury, CPA, CGMA – Peer Review CPA on Staff, Michigan Association of CPAs, Troy
Duane M. Reyhl, CPA, CGMA – Audit and Accounting Partner, AHP, Midland
Credits: 1.0 AA

10:35 AM – 11:25 AM
Governmental Accounting 101
Public sector and private sector accounting are vastly different practices. Compare and contrast the differences between accounting and financial reporting for each while learning how to adapt your accounting knowledge to the governmental environment.
Stephanie VonFintel, CPA, CFE – Associate Professor, Accounting, Northwood University, Midland
Credits: 1.0 AA

11:35 AM – 12:25 PM
A Cyber Defense Playbook for State & Local Governments
Cyber criminals are increasingly interested in government targets, with a recent FBI report finding that government facilities were the third most targeted sector of the nation’s critical infrastructure. Learn how to mitigate cyberthreats by identifying common attack vectors used by cybercriminals and implementing effective internal control programs.
Trip Hillman – Partner, Cybersecurity Services: Weaver, Dallas, TX
Shelby Mathers – Director, Cybersecurity Services: Weaver, Dallas, TX
Eric Peeters, CISA, CCSK, ISO 27001 LA – Senior Manager, Advisory – Governance, Risk and Compliance Services Weaver, Weaver, Fort Worth, TX
Credits: 1.0 AA

2:10 PM – 3:00 PM
Back to School: The Changing Audit Environment of Education
As the Elementary and Secondary School Emergency Relief (ESSER) fund program, established to support public schools during the pandemic, comes to an end, the environment for auditing schools is set to change. Review the current status of school funding, at both the federal and state level, including funding provided through the Michigan State School Aid Act, and the associated implications for the school audit process.
Joseph D. Winterstein, CPA – Manager, Yeo & Yeo, Saginaw
Credits: 1.0 AA

3:10 PM – 4:00 PM
Back to School: The Changing Audit Environment of Education Second Offering
As the Elementary and Secondary School Emergency Relief (ESSER) fund program, established to support public schools during the pandemic, comes to an end, the environment for auditing schools is set to change. Review the current status of school funding, at both the federal and state level, including funding provided through the Michigan State School Aid Act, and the associated implications for the school audit process.
Joseph D. Winterstein, CPA – Manager, Yeo & Yeo, Saginaw
Credits: 1.0 AA

4:10 PM – 5:00 PM
Sample This: Inside Audit Samples & Case Studies
Sampling is a key component of auditing major programs within a single audit, requiring auditors to exercise strong judgement and analysis. Examine how sampling is used to determine the accuracy of financial reports, identify specific considerations for single audits and explore the effects of sampling on audits as well as common errors, such as bias, and how to avoid them.
Erika Stanley, CPA – Assurance, Plante Moran, Flint
Tara Synowiec, CPA – Assurance, Plante Moran, Southfield
Credits: 1.0 AA

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