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ACPEN Signature: 2018 Governmental Accounting & Auditing Update

 Tue, 12/18/2018 from 10:00 am to 6:00 pm
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Registration Status: CLOSED -- Please contact the VSCPA at [email protected] or (800) 733-8272 for availability.
Member Price
$245.00 Regular Registration
Your Price
$195.00 Regular Registration
Designed For:

Find out about the requirements in challenging new standards on OPEB, fiduciary activities, debt disclosures, leases, and other new GASB standards.Find out more about GASB’s OPEB standards for plans and employers, and hear the details about critical implementation and audit issues for plans



Stay up-to-date on rapidly changing developments by participating in the 2018 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 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. From a governmental accounting, auditing, and compliance perspective, 2018 will be a critical year for implementing new standards and requirements! Plus, it is imperative that you start planning ahead for the significant changes coming in 2019 and beyond! Exciting new topics this year include focused discussions on (a) one of the main challenges for Governmental Finance professionals—measuring and communicating the financial health of their organizations, and (b) fraud in governments!

GASB has issued an unprecedented number of standards in the last several years—issuing 16 statements in 2015–2017 and two, so far, in 2018. Now is the time to find out about the details on how these and other recently effective standards 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.

Recently implemented pension standards and the OPEB standard for plans continue to provide challenges and implementation of the complex new OPEB standard for employers is here now! You’ll get the latest scoop on all the pension and OPEB issues from both the GASB and audit implementation sides—and hear about solutions to those issues. This is not the time to sit on the sidelines—plan and employer management and auditors need to hear the retrospective issues on pension standards and the OPEB plan standard and lay the groundwork to successfully meet the challenges associated with implementing the complex OPEB employer standard.

Governments and their auditors have continuing opportunities for learning more about the critical implementation issues for the various pension and OPEB standards. Plus, auditors face continuing or new challenges in 2018 with implementation issues related to other standards such as debt extinguishment and disclosures, and fiduciary fund reporting—all with a number of audit issues. Plus, now is the time for action to conquer critical implementation issues that affect employers relating to the OPEB standards. Also, you’ll find out about GAO’s proposed changes to the Yellow Book, including the latest on key decisions about what to expect in the final 2018 Yellow Book (including the effective date). At this year’s broadcast, it will be the perfect time to find out the details about how the latest auditing and reporting issues will affect your engagements and practice, including a discussion of crucial implementation issues for government audits.

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. The ACPEN panel will highlight key issues relating to the Uniform Guidance, as well as the latest guidance on how to use the “skinny” 2018 OMB Compliance Supplement along with the existing 2017 Compliance Supplement, the exposure draft on Data Collection Form changes, and the latest peer review findings relating to single audits. It is critical that auditors understand how requirements have changed and how to effectively use the Compliance Supplements.

New hot topics for 2018 on governmental financial health and fraud in governments are highlighted below!

One of the main challenges for Governmental Finance professionals is measuring and communicating the financial health of their organizations. This session will share with viewers a version of a simple financial analysis and rating tool for use in measuring and communicating the financial health and success of local governments. Using a unique combination of financial ratios, this segment will—

  • help assess a government’s fiscal performance over a period of time.
  • measure the government’s ability to meet its obligations as they become due.
  • determine the government’s ability to continue to serve its constituency at current service levels. The analysis also provides for ratio comparison to prior years and certain industry benchmarks.

Fraud in the governmental arena is a growing problem. The panel will cover recent developments related to internal control and fraud risk management, including:

  • The 2013 Updated COSO Internal Control Framework
  • The Updated GAO Green Book
  • The COSO/ACFE Fraud Risk Management Guide
  • The GAO Fraud Risk Management Framework
  • How and Why Fraud in Government Differs from Fraud in the Private Sector
  • The Federal Government’s Increased Emphasis on Fraud Risk and What State and Local Governments Should Expect to See as a Result

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.

This broadcast is designed to provide CPE that meets the Yellow Book CPE criteria.

Faculty Interaction! With ACPEN courses, you may send questions to the panel in advance at [email protected], and remember, participants can submit questions to the panel during the course and for two days after every ACPEN course, providing unparalleled faculty access!

Delivery Method: Individual webcast
CPE Credit: Accounting (governmental), Auditing (governmental)
Program Level: Update

The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.