Governmental Accounting and Auditing Conference (2 days)

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May 20, 2019 - May 21, 2019

Registration: 7:30 AM / Program: 8:00 AM - 4:35 PM

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

Click image to view conference brochure!

If you work within the municipal environment or complete governmental audits, you won't want to miss this conference.

Note: Qualifies for Yellow Book CPE based on your unique audited entity.

Hotel Accommodations: A room block has been established at the Hotel Eugene (soon to be the Graduate Eugene & formerly the Hilton Eugene) for Sunday-Tuesday, May 19-21, 2019 at a rate of $144 plus applicable tax per night. To make a reservation, please call 413-821-3144 and mention the OSCPA Governmental Accounting & Auditing Conference to receive the discounted rate or visit this link. Room block expires April 30, 2019.

Stay overnight for more government-focused CPE!

Can't attend in person? Attend via live webcast!

Conference is developed by the OSCPA Governmental Accounting & Auditing Strategic Committee.

Designed For

CPAs and accounting professionals working within the municipal environment.

Objectives

Provide a general overview of current developments in governmental accounting and auditing.

Major Subjects

  • GASB Update
    David Bean, CPA, Governmental Accounting Standards Board
    With OPEB still fresh in our minds, it is now time to begin focusing on the next wave of new GASB standards.  Debt disclosures, fiduciary activities, leases, and related implementation guides are all front and center.  In addition, the Board has addressed a number of practice issues, including conduit debt.  This session will focus what you need to know to implement these new standards and also will provide insight into three comprehensive projects that will shape the future of governmental accounting.
  • Psychological Manipulation of the Auditor to Conceal Fraud
    Martha Lindley, CPA, Lindley & Company LLC 
    The fraud environment includes manipulation: How does one respond to manipulation during an audit? Why is "trust" the master of manipulation in an audit? In this presentation we discuss how the auditor's blind spots miss fraudster behavior, how the auditor "niceness" works against the auditor but for the fraudster, and how to know when you are being "played". We will cover how the client manipulates the auditor to cover fraud and why the auditor doesn't recognize it by discussing auditor behavior observation, analysis of gain or loss for the individual observed, the auditor's personal weaknesses that leave you open to manipulation, and how to handle crying, yelling, threats, physical harm, cajoling, and fear during the audit. Finally, we dive into how the auditor manipulates the client to discover fraud through discussion on why Columbo had the right approach, how to gather evidence under the fraudsters nose, how to control your own emotions when being played, and how to identify what is really going on in the midst of deception. Martha will give real demonstrations of manipulative behavior and auditor reactions.
  • Uniform Guidance and Yellow Book: The More Things Change, The More They Stay the Same
    Erica Forhan, CPA, Moss Adams LLP
    We'll cover two main topics in this session. First, find out about developments in the single audit world so you're up to date for your next audit and discover areas that haven't changed but need attention. Learn practical tips to get it right the first time and how to also create efficiency. Second, we'll discuss the changes brought by the 2018 revision of Government Auditing Standards (the Yellow Book) that begin to affect engagements as early as July 1, 2019. Be in the know, and be prepared.
  • New Leases Standards & Tangible Tools for Implementation - GASB 87
    Deliah Kwasitsu, CPA (Cdn), M.S.c.
    The historical definition of lease accounting has changed.  For most Oregon governments, beginning July 1, 2020, off-balance sheet operating leases will be eliminated. Under the new lease guidance, GASB 87, a lessee government must recognize a lease liability and an intangible right-to-use lease asset at the inception of the lease term. Likewise, a lessor government must recognize a lease receivable and a deferred inflow of resources at the inception of the lease.  This new approach also requires interest to be calculated on the lease liability and an amortization of the intangible lease asset over the lease term. Correspondingly, the deferred inflow of resources must be offset by interest income on the lease receivable. Discussion will include implementation measures such as identifying current lease population and evaluating their terms and conditions in keeping with the new lease definition, and technological requirements.
  • Refinancing Government Debt
    Lauren MacMillan, Piper Jaffray
    Refinancing debt can come with many questions: What debt is eligible to be refinanced? When does it make sense to refinance? What are the steps an issuer needs to take to complete a refinancing? We will answer these questions and more, as well as discuss certain disclosure requirements related to borrowing and refinancing in the public debt market.
  • Government Financial Analyst Perspective
    Jim Lanzarotta, CPA & Gilbert Southwell III
    Whether you have debt outstanding or not, have you ever questioned whether GAAP compliant financial statements are worth the time, effort, and cost to prepare?  Ever considered another comprehensive basis of accounting that would avoid the need for meeting all the complex and fairly new or soon to be implemented account standards?.  In this session, we will explore some of the influences in the recent barrage of new and complex accounting standards from a municipal bond analyst's perspective that is involved in the buy/sell decisions for Wells Capital Management's clients.  We will hear what analysts are concerned about and what they are looking for in the financial statements, and what they would like to see but are not currently finding in the financial statements. We will also explore some of the other issues the GASB is facing so that we might gain some insights into the shaping of future accounting standards.
  • Local Budget Law Update
    Melanie Cutler, Oregon Department of Revenue
  • Cybersecurity Best Practices and Your Role
    Troy Hawes, Moss Adams
    This presentation will focus on the current state of cybersecurity and some of the emerging risks that have impacted our clients. Troy will discuss best practices that can help prevent attacks or impacts of an attack, and your role in helping maintain the security of the systems and data within your organization.
  • Psychological Manipulation to Commit Fraud by Management and Employees
    Martha Lindley, CPA
    In this presentation we discuss how the executive director manipulates the board and finance officer to cover fraud, how the finance officer manipulates the executive director and board to commit fraud, and how the finance officer manipulates the accounting staff. We dive into the techniques used to include playing on the trust factor, playing on the personal weaknesses of others, fear of embarrassment and social humiliation, fear for job and position, and the fear of losing clients or appearing incompetent. Martha wraps up this presentation with ways to recognize when you are being manipulated through behavior observation, analysis of gain or loss for the individual observed, personal weaknesses that leave you open to manipulation, recognizing when trust is used against you, and techniques and emotions that are factors in manipulation.

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.