Governmental Accounting and Auditing Conference

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Description

Governmental accounting and auditing are essential practice areas for the profession, and their specialized nature makes it imperative for anyone working with governmental entities to stay on top of changes. When you attend TSCPA’s Governmental Accounting and Auditing Conference, you’ll receive updates on hot topics like single auditing of COVID-19 relief funds, fraud, GASB best practices and auditing in a virtual environment. You’ll also hear an update from the state comptroller, and staff from the comptroller’s office will answer your questions in a Q&A panel.

LIVE STREAM OPTION:
If you are unable to join us in Brentwood - or prefer to skip the travel - you can still take part in the conference.  Our online attendance option brings the conference direct to you via live streaming. Please visit this link for more information and registration.

Credits

Number of Credits Type of Credits
10.00 Accounting (Governmental)
6.00 Auditing (Governmental)
13.33 CLE

Prices

Member (Early Bird)
$485.00
Non-Member (Early Bird)
$585.00
Member
$535.00
Non-Member
$635.00
Your Price: $635.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

Members log in and save $100.00 on this event. Not a member? join today.

May 23, 2022

8:00am - 9:45am (Central Time)
$0.00

The federal government spent $3.59 Trillion dollars in COVID relief funding in 2020 and 2021.Where this funding has been a welcome relief to governments, nonprofits, and commercial entities, much of it comes with compliance requirements, reporting deadlines and other requirements.This session will focus on the latest guidance on compliance and reporting for this funding.We will discuss the compliance supplement for 2021 and addenda 1 and 2 that provide direction to auditors.If issued, we will also focus on the compliance supplement for 2022. With all the activity and amendments to federal grant or requirements, auditors and their clients are asking- will the changes ever end? Although there are no guarantees about what will happen tomorrow, this session will provide you with the most up to date information available on the Single Audit.You won’t want to miss it.

10:00am - 11:40am (Central Time)
$0.00

We will discuss GASB pronouncements that are currently being implemented, GASB projects that are currently being deliberated by the Board, and pre-agenda research activities.

12:30pm - 2:10pm (Central Time)
$0.00

This course addresses the evolution of internal control from ancient Egyptian times to the present. A review of COSO is provided including a discussion of best practices.  opics also include IT risks and controls, Cybercrime, and controls over risky accounts (cash, inventory, etc.) and systems (revenue and procurement). Numerous cases are provided to reinforce concepts.

2:25pm - 4:05pm (Central Time)
$0.00

Fiscal year 2020-21 may have been the strangest audit year on record for the Division of Local Government Audit (Division).  I suspect you feel the same way about your firms’ audit experience.  However, I think that record may be broken during 2021-22.  GASB says the Covid-19 situation is not an extraordinary event for governments, but it certainly has been and continues to be for auditors.  The good news is, we have learned a lot about how to deal with this strange situation.  The bad news is, we are not done yet.  We are now dealing with the American Rescue Plan Act (ARPA), except that, most of the accounting standards delayed during the initial CARES Act implementation are now in full force as we attempt to navigate the ARPA implementation.   In this session, the Division will provide an overview of accounting, auditing, and legislative issues that will affect the way Tennessee local governments and their auditors perform their jobs.  As usual, we have no shortage of things to talk about.  For example, the discussion will include some ARPA issues.  We also need to discuss GASB 84 again, because the implementation date was pushed back to June 30, 2021, and because GASB 84 was amended by provisions within GASB 97 related to Defined Contribution Plans and IRC 457 Plans.  This change may affect some governments in Tennessee.  Charter Schools still provide challenges in the presentation of financial statements and audits of internal school funds.  The uniform municipal chart of accounts is back on the burner again.  Jerry will provide information concerning the uniform municipal chart of accounts that is “must know” for municipal governments and their auditors, and Nathan Abbott from the Division will demonstrate a crosswalk application.  Legislation has been passed that allows the Division of Local Government Finance to approve certain lease agreements, but for now that does include GASB 87 type leases. Other legislation will change the way the Water Loss Report is presented in our audit reports.   In addition, we have received several questions about schools utilizing electronic collection applications.  Small cities, non-profits, and some for-profit entities are receiving large federal awards in excess of $750,000.  Some of these entities have never had a requirement for a Single Audit.  The Division is also in the process of revising the Tennessee Internal School Uniform Accounting Policy Manual and in all these matters, there are increased audit risks and opportunities for fraud.  This is not a year to let our collective guard down.

May 24, 2022

8:00am - 9:45am (Central Time)
$0.00

We all know there has been a lot going on in the realm of governmental audits. This session will brief you on related AICPA activities and updates. Participants will learn about:
• Activities of the AICPA Auditing Standards Board 
• The latest from the AICPA Governmental Audit Quality Center on single audits
• Other regulatory updates and AICPA advocacy efforts
Objectives:
Understand auditing standards impacting governmental audits
Learn about the latest single audit developments
Understand the regulatory matters that may affect your audits

10:00am - 11:40am (Central Time)
$0.00

This session will explore new technology tools available for improving audit quality, efficiency, and effectiveness in a virtual environment and the challenges therein. We will look at real world applications of audit process improvements using these new tools, such as Zoom, Microsoft Teams, artificial intelligence/machine learning, blockchain, robotic process automation (RPA), and audit data analytics.

12:30pm - 1:20pm (Central Time)
$0.00

This session will emphasize the importance of maintaining partnerships with the TN Comptroller’s Division of Investigations (DOI) before, during, and after an investigation. A brief case study will highlight good working relationships with government agencies, auditors, and officials throughout an investigation. The session will also provide statistical information and trends related to fraud, waste, and abuse tracked by DOI across the state.

1:25pm - 3:05pm (Central Time)
$0.00

This session will cover GASB 87, best practices and overall implementation.

3:20pm - 4:10pm (Central Time)
$0.00
$50.00

In order to select CLE credits, please login to your account or register with your applicable BPR number.

Speakers

Margaret S. Thomas, MHA, CPA, CGMA

Marci Thomas, MHA, CPA, CGMA, licensed as a CPA in Georgia and North Carolina, is an author and nationally recognized speaker on various accounting and auditing topics to companies, nonprofits, CPA firms, and state societies of CPAs around the country. She is the Director of Audit Content for Surgent Accounting & Financial Education. Marci writes and teaches courses in governance, grants accounting, grant compliance, auditing, internal control and not-for-profit accounting.

She is an adjunct professor in the School of Public Health at the University of North Carolina at Chapel Hill. She also works with numerous accounting firms, performing quality control and efficiency reviews; and with boards on strategic planning, internal control, and governance issues. Marci serves on the Not-for-Profit Committee for the North Carolina Association of CPAs. She is a frequent speaker at local, regional, and national conferences. Marci is an author of a book published by Jossey Bass in 2020, Health Care Financial Management. Her book Best of Boards: Sound Governance and Leadership for Nonprofit Organizations was published by the AICPA and Wiley Publishing in 2018, and is on its second printing.

Marci received her Bachelor in Business Administration with a concentration in accounting from the Georgia State University and her Masters in Health Administration at the University of North Carolina at Chapel Hill.

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Scott Anderson, CPA

Scott Anderson is a practice fellow with the Governmental Accounting Standards Board (GASB) in Norwalk, Connecticut. His current project assignments include Revenue and Expense Recognition, Omnibus, and Risks and Uncertainties Disclosure.

Prior to joining the GASB in 2020, Scott worked for fifteen years in public accounting for Cherry Bekaert LLP, most recently as a Director overseeing audits of local governments (primarily municipalities, school boards, and airports) in North Carolina and Florida.

Scott received a Bachelor of Arts degree in Accounting from Utah State University and a Master of Accounting degree from North Carolina State University. Scott is a certified public accountant in the states of North Carolina and Florida.

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Glenn L. Helms, CIA, CPA, CISA, CFF, CITP

Dr. Glenn L. Helms was the Arthur Young Fellow in IT Auditing at the University of Houston and has served as Director of Certification for the International Certified Information Systems Auditor program. He has served on numerous national and international academic and professional committees, including the American Institute of Certified Public Accountant’s Auditing Standards Board’s Computer Auditing Subcommittee and its Specialized Accreditation Board.

He has recent and numerous years’ experience in public accounting and serves as a consultant to various organizations. He has provided consulting services to Fortune 100 firms, Big Four CPA firms, and financial institutions throughout North America, Europe, and the Pacific Rim. Some of his experience includes assisting a publicly held company in establishing an IT auditing department, performing audits of local governments, and designing accounting systems for a variety of types of entities

He has presented over 2,000 professional seminars and conferences. He has published over 50 articles in a wide range of practitioner and academic journals. He has served on the editorial advisory boards of several national and international journals. His over twenty-five books address security, fraud, and internal controls (for small and public entities) in a variety of systems, including Cloud based and E-commerce systems. His recent works include several books on forensic accounting.

Glenn is a multiple year recipient of the outstanding Discussion Leader Award from the AICPA. He has received similar awards from several state societies and universities.

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Nathan Abbott, CISA, CFE, EA

Nathan Abbott, CISA, CFE, EA, is a Senior Information Systems Specialist with the Comptroller’s Office Division of Local Government Audit. Nathan has been with the office for 25 years and works with the audit team providing technical support to the audit staff. Mr. Abbott holds a Bachelor of Business Administration in Accounting from Freed Hardeman University and is an active member in the Association of Government Accountants and the Middle Tennessee Chapter of Certified Fraud Examiners. Mr. Abbott has conducted training in the areas of computer forensics, Excel, Word, and computer applications. For the past three years Nathan has dressed up as Santa Claus for the office-wide Christmas party. Nathan resides in Franklin, Tennessee, with his lovely wife Amy and two beautiful twin girls Ellie and Sophie.

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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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Mary M. Foelster, CPA

Mary Foelster is a Senior Director at the American Institute of Certified Public Accountants in Washington, DC, where her primary responsibility is to address governmental auditing and accounting matters, including compliance audits. Mary oversees the AICPA’s Governmental Audit Quality Center and its Executive Committee and is actively involved in the AICPA’s efforts to enhance the quality of single audits and other types of governmental audits.

Mary also directs the AICPA’s governmental accounting efforts, including the activities of the AICPA State and Local Government Expert Panel, related interactions with the Governmental Accounting Standards Board, and commenting on GASB due process documents.

Mary is also responsible for monitoring and analyzing federal regulatory and legislative developments affecting auditing or accounting in a governmental or compliance audit environment. Mary and her team help members understand the implications of standards and regulation on governmental audits. This includes significant involvement with the development, issuance, and annual update process for the Audit and Accounting Guide, Audits of State and Local Governments, and the AICPA Audit Guide, Government Auditing Standards and Single Audits.

Mary has been with the AICPA for over 25 years. She is a graduate of the University of Maryland and is a certified public accountant.

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Gerry C. Boaz, CPA, CGFM, CGM

Gerry has been with the Tennessee Comptroller of the Treasury, Division of State Audit, since January 1995. He is a Certified Public Accountant, a Certified Government Financial Manager (CGFM), and a Chartered Global Management Accountant (CGMA). He was a Legislative State Auditor for five years before becoming State Audit’s Technical Manager. As a Legislative State Auditor, he served as an audit in-charge for three of the five years primarily on college and university audits. As the Technical Manager, he is primarily responsible for monitoring GASB, FASB, AICPA, OMB, and GAO accounting, auditing, and compliance standards relating to financial statement and financial-related audits. He reviews financial statement audits for adherence to the above principles and standards, as well as to AICPA and GAO auditing standards. He is responsible for responding to all due process documents of the above standard setters, as applicable. He serves as a representative of the National Association of State Auditors, Comptrollers, and Treasurers (NASACT) by observing and writing an account of the GASB meetings.

He was a member of the AICPA’s Auditing Standards Board for a three-year term (January 2015-January 2018) and its Audit Issues Task Force (AITF). He has served and currently serves on various GASB, NASACT, GAO, and AICPA task forces and working groups. He represents State Audit on the National State Auditors Association’s Single Audit Committee; Auditing Standards and Reporting Committee (ASRC); and Peer Review Committee. He has served as a Vice Chair for both the Single Audit and ASRC committees. He is also an active member in the Association of Government Accountants (AGA). He currently serves on the AGA National Governing Board (NGB) as AGA National President. He was the Nashville AGA Chapter President for the 2006-07 program year. He served on AGA’s Professional Certification Board (PCB) for seven years (2007-2014) and as the Chair of the PCB for four of those years. He was also a member of AGA’s National Executive Committee (now NGB) as a result of being the PCB Chair. He served on AGA’s Governance Committee July 1, 2015, through June 30, 2019, and as Chair for the 2017-18 program year. He served as AGA’s Southeast Regional Vice President (RVP) during the 2015-16 program year and as a result served on AGA’s national Nominating Committee. He served as a member of the Government Finance Officers Association's (GFOA) Committee on Accounting, Auditing, and Financial Reporting (CAAFR) for two three-year terms (2004-2009) and serves on the Special Review Committee for its certificate of achievement program. He is also a 2011 alumnus of the Tennessee Government Executive Institute.

He has a BA degree in accounting with a German minor from Murray State University (MSU) in Murray, KY. He is a 1994 graduate of MSU. He is married to Melissa Boaz. He enjoys playing golf.

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Christy N. Tennant, CPA, CGFM, CFE

Christy N. Tennant is Deputy Director with the Tennessee Comptroller’s Division of Investigations. Christy is responsible for overseeing and directing investigations involving fraud, waste and abuse in local governments, state agencies, and other publicly funded entities. Christy has worked with the Comptroller’s Office for over 23 years. She has directed investigations, resulting in the discovery of fraud, waste and abuse and the prosecution of public officials and employees. Christy has also worked closely with the TBI, the FBI, local District Attorneys General and local law enforcement groups. A graduate of Tennessee Technological University , Christy is also a Certified Public Accountant, Certified Financial Government Manager and a Certified Fraud Examiner. She provides training to professional groups related to internal controls and fraud.

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Chris Pembrook, CPA, CGAP, CRFAC

Chris Pembrook, MBA, CGAP, CPA, CRFAC is a Shareholder at Crawford & Associates, P.C., in Oklahoma City. Prior to joining the firm, he served as the Chief Financial Officer of the Oklahoma Police Pension & Retirement System and the Deputy Director of the Local Government & Special Services Division of the Oklahoma State Auditor & Inspector’s Office.

He is currently serving as a committee member of the AICPA State and Local Government Expert Panel and the Oklahoma Society of CPA's Government Accounting & Auditing Committee. He also was selected to serve on the joint COSO-ACFE Task Force for the development of the group’s Fraud Risk Management Guide.

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Lisa W. Bellar, CPA

Lisa Bellar is a Senior Contract Audit Review Specialist in the Tennessee Comptroller’s division of Local Government Audit. She is a Certified Public Accountant and a member of the division’s contract audit review team. In her role she performs technical reviews of audited financial statements for Tennessee’s local governments and certain not-for-profit agencies and assists in the review of audit working papers.

Lisa first joined the Comptroller’s Office with the division of State Audit after graduating from Austin Peay State University where she majored in accounting and earned a Bachelor of Business Administration. After moving out-of-state, she held accounting positions at a university, equipment rental company, and tile manufacturing company. She returned to the Comptroller’s Office in 2005 and has 18 years of service with the Comptroller’s Office.

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Shannon M. Stephenson, MBA, CPA

Shannon Stephenson is the Chief Executive Officer of Cempa Community Care, in Chattanooga, Tennessee. Shannon is a Certified Public Accountant (CPA) and received her accounting degree from Tennessee Wesleyan University and her Master's from Lincoln Memorial University. She comes from a background in regulatory compliance, public health and safety, business administration, and emergency management. Shannon has a proven track record as a pioneer in cultivating the values of an organization to lead it to success. As an innovative and strategic leader, she uses her visionary approach to move the agency forward by developing culture, enhancing communication, creating strong alliances, and building high performing teams in a desirable work environment.

Since arriving in October of 2015, Shannon has been instrumental in expanding the programs and services offered by Cempa Community Care. After assessing the community needs, Cempa restructured its mission to champion healthy communities through compassionate and responsive delivery of education, health, social, and advocacy related services, while leading the cultural movement to prevent and cure infectious disease. Additionally, the agency expanded its operations and opened a sister site in partnership with East Tennessee State University Center of Excellence. Further strategic initiatives include introducing the Rapid Antiretroviral Program Initiative for new Diagnosis and Rapid Syphilis Testing; enhancing behavioral health and care coordination programs; launching a rural mobile clinic and syringe services program; rebranding the agency; and expanding access in minority communities.

As an emerging leader in Healthcare Administration, Shannon has engaged as a speaker or panelist concentrating on innovative practices, fiscal over site, and program compliance. Most recently, she accepted an invitation as a panelist for HRSA RWHAP Let’s Talk Rural Health discussion for recipients serving rural communities. Nationally, she serves as President of the Ryan White Clinics for 340B Access. Locally, she serves as the Chattanooga Chapter President for the Association of Governmental Accountants, and serves as a board member or committee member with several community-based organizations.

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Jean K. Suh, CPA, CGFM

Jean is the contract audit review manager with the Tennessee Comptroller of the Treasury, Division of Local Government Audit. She is responsible for the contract audit review process of more than 1,700 entities including municipalities, county-related entities, utility districts, public housing authorities, internal school funds, charter schools, quasi-governments and certain nonprofit and for-profit entities. Her daily responsibilities include providing technical assistance to CPA firms and local government officials regarding accounting and auditing issues, as well as related laws, regulations and other compliance requirements.

Jean graduated from Seoul National University with a B.S. degree in Horticulture and studied accounting at the University of Maryland Baltimore County and the Tennessee Technological University. Jean is a Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), and Certified Government Financial Manager (CGFM). She is a member of the Association of Government Accountants (AGA), and the Association of Certified Fraud Examiners (ACFE). She is a graduate of Lead Tennessee and the Tennessee Government Management Institute. She likes to play the piano and make fresh flower arrangements in her free time.

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