Join us at the Sandia Resort and Casino May 18-20, 2015, for the three day 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 newly elected State Auditor Tim Keller's initiatives; a Single Audit and Uniform Grant Guidance Update to discuss the significant upcoming changes to auditing federal programs; an overview of the State Budget; and an economic update.
Day two of the training will cover the pension standards including a look at the FY14 implementation at the pension plan level and a discussion of the FY15 implementation for participant governments; a discussion of social bond financing; and cyber security.
Day three topics include an overview of the State Auditor's Audit Rule FY15 updates; fraud, corruption and controls; the CAFR program and the GFOA Certificate of Excellence, legislative update pertaining to Procurement, AICPA Professional Conduct Codification Project, and ethical transgressions as seen by the New Mexico Public Accountancy Board.
This training is a great opportunity 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 to stay up-to-date, obtain their continuing professional education and network with colleagues.
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DAY 1 - Monday, May 18, 2015 – 1 CPE credit Governmental Accounting 5 CPE credits Governmental Auditing 2 CPE credits Economics
SINGLE AUDIT AND UNIFORM GRANT GUIDANCE PLUS, CURRENT DEVELOPMENTS AROUND THE STATE
Office of the State Auditor Initiatives
Auditor Keller will provide an overview of new initiatives at the Office of the State Auditor, designed to engage proactively in government accountability. This session will include a discussion of the creation of the Government Accountability Office and the Annual Financial Health Report Card. Additionally, Auditor Keller will provide updates about the 2015 Audit Rule, the At-Risk list, and funding for small political subdivisions.
Understanding the Impact of the Uniform Grant Guidance
The changes of the Uniform Grant Guidance will have a significant impact both on how organizations manage their federal grants and how auditors conduct their single audits beginning in 2015. This session will help you navigate the changes and effective dates under the Uniform Grant Guidance; what organization's need to know to be in compliance with the OMB's new Uniform Guidance; and how the Uniform Guidance will impact audit requirements and testing.
Single Audit Common Findings: Tools for Prevention
Get practical advice from an experienced auditor on preparing your organization for your next audit. This session will discuss tools and tips to make your organization's next audit more efficient and cost effective. We will discuss audit issues that are of particular interest to an organization's board and executive management staff including common audit findings and tools for prevention and more!
State Budget Processes: A State Budget Director Perspective
The presentation will provide a background on the processes involved in the development of the Governor's Budget recommendation. Topics to be discussed include an overview of how the State forecasts revenue, how agencies develop the appropriation requests, and development of the Governor's Budget. Other topics include budget challenges, trends, and national matters (sequester, ACA, etc.) that have an impact on the budget.
Economic Structural Change and the Policy Agenda for the 21st Century
This century will witness a transformation in the structure of the US and global economic systems that will be, in important ways, unprecedented in nature and scope. The US faces challenges and opportunities that will require a concerted policy response, both to accommodate, and prosper from, the irresistible force of global economic structural change, and to adapt to a range of emerging domestic pressures. As policy makers and public officials look into the future, how will the evolution of the US and global economies set part of the foundation for the policy agenda?
DAY 2 - Tuesday, May 19, 2015 – 1 CPE credit Finance 5 CPE credits Governmental Accounting 2 CPE credits Specialized Knowledge
IMPLEMENTING THE PENSION STANDARDS, GASB UPDATE AND MORE
Social Impact Financing
Governments are looking for ways to promote government program innovation, tap into new sources of program funding, improve out comes and reduce spending. Social impact financing will review a range of ideas for addressing this daunting challenge. This session will examine current efforts to implement pay-for-results and social impact bond programs.
GASB Activities Update
The Governmental Accounting Standards Board (GASB) has continued to advance several key projects on its technical agenda over the past year. This session will provide an overview of the provisions of recently issued pronouncements of the GASB, along with an update on the status of key projects currently under deliberation.
NM PERA's Implementation of GASB 67 and PERA's Schedule of Employer Allocations
This session will include a discussion of PERA's process and role in implementing GASB 67. Plus, a discussion and walkthrough of PERA's Schedule of Employer Allocations under GASB 68.
Accounting and Financial Reporting for Pensions Implementation Issues
GASB Statement No. 68, Accounting and Financial Reporting for Pen- sions, will be effective for fiscal year 2015 governmental financial statements. This session will provide a refresher on the requirements of GASB Statement 68 and address certain issues to be faced by govern- ments in implementing the new standard.
Cyber Crime Trends – a State of the Union
Hackers have learned to profit from their activities. While breaches at large companies like Target and Home Depot dominate the news this threat is significant for various other entities as well. Virtually every industry segment is affected; indeed, any entity that stores personal financial information on the network or conducts online cash management is a potential target. Payment fraud targeting wire transfers, automatic clearing house payments, and credit cards are increasing at an alarming rate. Historically, hacking has been a high risk issue only for banks, but attackers are now targeting all types of entities in an effort to access bank funds via online payment methods. This session will describe the threat landscape, discuss regulatory efforts to address the threat, and provide insight on how manufacturers and distributors can effectively address this emerging threat.
DAY 3 - Wednesday, May 20, 2015 – 2 CPE credits Governmental Accounting 4 CPE credits Governmental Auditing 2 CPE credits Professional Ethics
ETHICS, FRAUD & COMPLIANCE
Audit Rule: Overview and Updates for 2015
This presentation includes a synopsis of the objectives and the intent of the Audit Rule. It provides insight into the process of modifying the Audit Rule, including adding new items and deleting certain items. The presentation also includes an overview of the components of the Audit Rule with an emphasis on updates for fiscal year 2015 audits.
Trust Isn't an Internal Control?!
This presentation will review the latest results from the 2014 Report to the Nations, focusing on the public sector, procurement fraud, and corruption. Additionally, the presentation will walk through a case to prove intent and discuss controls that could have prevented the alleged fraud.
Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program)
The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program) to encourage governments to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal. We will discuss structure of the CAFR program and the requirements and benefits of participating in the program.
What Did the Legislature Do To Procurement This Year?
Overview of Procurement related legislation recently passed and what impact this will have on government accounting.
AICPA Code of Professional Conduct and Related Ethics and Compliance Discussions
Overview and update of the AICPA Professional Conduct Codification Project. Discussions to also include Ethics, Values and Compliance in the workplace.
New Mexico Ethics Rules and Regulations Compliance Challenges
A discussion of specific ethics issues and violations addressed by the New Mexico Board of Public Accountancy.
* SPECIAL PRICING APPLIES TO THIS COURSE:
Register for all three days and pay only $199 per seminar - $597 for 24 CPE credits! One seminar - $229.
Registrations received after May 6th 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.