Government Finance Experts Cluster (GFEC)

CPE Credits:
Full Fee: $ *
Instructor: GFEC - BIOS TBA

Registration Starts: 8:00 am

Join us at the Sandia Resort and Casino May 19-21, 2014, for the three day Spring 2014 Government Cluster. Attendees can earn up to 24 credits of Government Auditing Standards (GAGAS) continuing professional education (CPE), including two credits in Ethics.

Day one of the cluster includes an overview of the new GASB standards that will be effective in FY14 and FY15 and the status of proposed standards; and an overview of types of fraud schemes, what management can do to mitigate the risk of fraud and interesting case studies.

Day two of the training will cover the new pension standards, the new Super Circular, and updates to the Data Collection Form.

Day three topics include a review of key Yellow Book (GAGAS) standards; a review of the AICPA clarity standards and their application to certain provisions of the Audit Rule 2014; a presentation of common financial statement reporting errors; plus ethics training.

This training is appropriate for those in public practice and government audit organizations responsible for planning, supervision and the conduct of governmental engagements and staff auditors; those employed in government and industry who are responsible for compliance with laws and regulations; and financial managers and members in government and industry who are responsible for financial statement preparation and single audit compliance.

Click here for a printable brochure with complete information.

DAY 1 - Monday, May 19, 2014 – 4 CPE credits Governmental Accounting    4 CPE credits Governmental Auditing
Governmental Accounting Update

  • Overview of the new accounting standards that will be effective FY 14 and FY15
  • Overview and status of proposed standards

Got Fraud? Are you sure the answer is "no"?

  • An overview of the different types of fraud schemes and what management can do to mitigate risk of fraud

Fraud Case Studies

  • A detailed analysis of several real-life fraud cases. How and why did they occur? How could they have been prevented?

DAY 2 - Tuesday, May 20, 2014 – 4 CPE credits Governmental Accounting    4 CPE credits Governmental Auditing
Detailed Overview of the New Pension Standards – How They Affect New Mexico

  • Detailed overview of GASB 67 and 68
  • Potential issues facing New Mexico Auditors and New Mexico Governments

Super Circular Overview / Data Collection Form Update

  • Super Circular Overview
    • The goals of OMB in creating the Super Circular;
    • The structure and basic tenets of the Super Circular;
    • Notable aspects of the Super Circular for governments; and
    • Important differences between the Su- per Circular and the predecessor circulars.
  • Data Collection Form update
    • Update on the submission process
    • Changes on the new data collection form

DAY 3 - Wednesday, May 21, 2014 – 4 CPE credits Governmental Accounting    2 CPE credits Governmental Auditing    2 CPE credits Professional Ethics
GAGAS Standards and AICPA Clarity Audit Standards Overview

  • A review of certain key standards in the 2011 Revision and their application to audits in New Mexico
  • A review of the new clarity standards and their application to certain provisions in the New Mexico State Audit Rule

Common Financial Statement Reporting Errors

  • An overview of common reporting errors noted during the financial statement review process performed by the New Mexico State Auditor's Office
  • An auditor's perspective on common financial reporting errors that occur during the financial statement preparation process and how to avoid them

Professional Ethics

  • Review of the GAO ethical principles
  • Overview of the conceptual framework and how it works
  • Overview of similarities and differences between AICPA and GAO independence rules

Register for all three days and pay only $199 per seminar - $597 for 24 CPE credits! One seminar - $229.
Registrations received after May 7th must include a $30 late fee per seminar.
NMSCPA member discount and Plan & Save discounts do not apply to this course.
Refund and cancellation policies are posted online at CPE Policies. Policies strictly enforced.

* Full fee is the amount prior to applying applicable discounts. Read CPE Policies for an explanation of discounts.

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