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Day 2 of the conference will address accounting and internal control related matters. We’ll kick off the conference with a 4 hour deep dive into what is going on at the GASB. We’ll look at the plethora of standards that were issued by GASB and how they will impact financial reporting. After lunch, we’ll focus on some major proposals issued by GASB that will materially impact financial reporting including the revenue and expense proposal as well as the new financial reporting model. Then we’ll switch gears to talk about COVID19 and its impact on financial reporting for governmental entities with a focus on the AICPA’s FAQ and GASB’s Technical Bulletin. We’ll close Day 2 with a look at common deficiencies including a focus on independence and SKE under Yellow Book 2019, roles and responsibilities in an audit and a preview of the new auditor’s report.

Due to the uncertainty of large group gatherings in the coming months, the Government Finance Experts Conference will be held virtually. Please feel free to reach out to us with any questions or concerns you may have.

Objectives

  • Recall changes to financial reporting for governmental entities 
  • Describe proposed changes to GAAP 
  • Identify common deficiencies 
  • List the impact of COVID19 on financial reporting

Who Will Benefit

CPAs 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 for financial managers and members in government and industry who are responsible for financial statement preparation and single audit compliance.

Credits

Category Amount
Govt. Accounting 8.00

Leaders

  • Melisa F. Galasso

    Melisa F. Galasso, CPA, is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.

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