Tennessee Specific Accounting and Auditing Issues
OL241-19 | On Demand Course | Update | Self-Study
Description
2018 was certainly an eventful year for Tennessee governments, and from all the outward signs, 2019 is shaping up to be just as eventful. This presentation will provide an overview of accounting, auditing, and legislative issues that will influence the way Tennessee local governments and their auditors perform their jobs. The new 2018 revision of the Yellow Book will impact the way auditors perform their audits and write their findings, but not as much as you may think upon first reading. We are still feeling the effects of implementing GASB 68 and 75, and we all need to consider how we are going to test census data going forward. GASB 84 (Fiduciary Activities) is effective for December 31, 2019 calendar year audits and for June 30, 2020 fiscal year audits. In addition, we all need to be planning for GASB 87 (Leases) even though this standard is not effective until 2021 for fiscal year audits. We will consider how these accounting standards apply to Tennessee governments.
This course was recorded at the 2019 Governmental & Non-For-Profit Conference. Discounted bundle option available here.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 2.00 | Accounting (Governmental) |
Designed For
Prerequisites
None
Preparation
None
Notes
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Prices
- Member (Early Bird)
- $69.00
- Non-Member (Early Bird)
- $99.00
- Member
- $69.00
- Non-Member
- $99.00
Instructors
Jerry E. Durham, CPA, CGFM, CFE
Jerry is an Assistant Director for the State of Tennessee, Comptroller of the Treasury, Division of Local Government Audit. The division has statutory responsibility for audits of approximately 1600 local governments and related organizations in Tennessee. Many of these governments are subject to the Single Audit Act and OMB's Uniform Guidance.
A 37-year veteran of the division, Jerry has served as an auditor, audit supervisor, training instructor, technical manager, and assistant director. In his role as assistant director, he is responsible for developing professional compliance procedures and monitoring the division's quality performance under GASB, AICPA, OMB, and GAO accounting and auditing standards. Jerry also has responsibility for supervising the peer review process, responding to professional public comment documents, and the contract audit review process within the division.
Jerry was selected for the AGA National Educator award for 2019. In addition, Jerry teaches the Yellow Book and Audit Findings training classes for the Tennessee Department of Audit. Jerry has been selected as Department of Audit Instructor of the Year four times.
Jerry has made training presentations for numerous professional organizations including NASACT, GFOA, AGA, and others; state auditor and state accounting organizations; and local governments. He currently serves on several working committees for professional organizations.
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