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Local Government Conference (Live Streaming Webcast)

8:00 am–4:40 pm ET

# of CPE Credits

8

Description

A must-attend conference for auditing professionals working with local governments, this conference will include a GASB update and impart several key audit findings from the Local Government Commission. Participants will leave this conference equipped with the essential information needed to effectively improve the quality of governmental audits.

Objective

Participants will be able to summarize recent changes to governmental audit standards.

Highlights

* Cybersecurity * 2020 GASB Update * Local Government Commission Update

Who Should Attend

CPAs who perform government audits and finance staff from local governments

Required Knowledge

None

Advanced Prep

None

Event Speaker(s)

Mr. Gregory Scott Allison, CPA ( UNC Chapel Hill-School of Government, Cary, NC ), Dr. Cal Christian, CPA, PhD ( East Carolina University-College of Business, Greenville, NC ), Ms. Sharon Goddard Edmundson, CPA ( NC Department of State Treasurer, Raleigh, NC ), Mrs. Melisa Fay Galasso, CPA ( Galasso Learning Solutions LLC, Charlotte, NC ), Toby Groves ( Toby Groves, Ph.D., Cincinnati, OH ), Ms. Kara A. Millonzi, JD ( UNC Chapel Hill-School of Government, Chapel Hill, NC ), Mr. Daniel Sembler, CPA ( Cherry Bekaert LLP, Raleigh, NC ), Ms. Holly Sullenger, PhD ( Cary, NC ), Ms. Beth Ann Wood, CPA ( NC Office of the State Auditor, Raleigh, NC ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected].

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via phone or email 30 minutes prior to the start of a live online program.

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Sessions

Tuesday, June 9, 2020 (8:05 am–9:20 am ET)

General #1: Cybersecurity: Threats, Challenges & Opportunities
Mr. Daniel Sembler, CPA ( Cherry Bekaert LLP, Raleigh, NC ),

Governmental agencies and our nation’s infrastructure depend on IT systems to carry out operations and process essential data. But the risks to these IT systems are increasing—including insider threats from witting or unwitting employees, escalating and emerging threats from around the globe, and the emergence of new and more destructive attacks. Rapid developments in new technologies, such as artificial intelligence, the Internet of Things, and ubiquitous Internet and cellular connectivity, can also introduce security issues. Hear the latest cyber threats and understand actions needed to address major cybersecurity challenges so IT systems and data will be less susceptible to cyber threats.

Field of Study: Information Technology

Tuesday, June 9, 2020 (9:30 am–10:25 am ET)

General #2: Local Government Commission Update
Ms. Sharon Goddard Edmundson, CPA ( NC Department of State Treasurer, Raleigh, NC ),

Learn what’s new at the treasurer’s office! This session will include updates on the new GASB statement implementation, updates on DST policies that affect local governments and their auditors, as well as a review of the 2019 audit season and coming changes for 2020. Topics include:
*learn how upcoming GASB standards will be implemented in NC
*what changes will be made for the 2020 audit season
*what common issues were found in the 2019 audits
*how to avoid repeating those mistakes going forward

Field of Study: Accounting (Governmental)

Tuesday, June 9, 2020 (10:35 am–11:40 am ET)

General #3: GASB Update
Mr. Gregory Scott Allison, CPA ( UNC Chapel Hill-School of Government, Cary, NC ),

In this session, attendees will learn about recently issued GASB statements and implementation guides, including major pronouncements and related implementation guides. Presenter Greg Allison will discuss other major projects and research activities on the GASB’s technical agenda. Hear the latest details on fiduciary activities and leases, implementation issues, debt disclosures, the financial reporting model, and revenue and expense recognition.

Field of Study: Accounting (Governmental)

Tuesday, June 9, 2020 (12:40 pm–1:35 pm ET)

General #4: The New Yellow Book Deep Dive (Independence)
Mrs. Melisa Fay Galasso, CPA ( Galasso Learning Solutions LLC, Charlotte, NC ),

In 2018, the Yellow Book received an update which included a substantive change to independence requirements. The guidance splits non-audit service independence requirements from other independence threats. This session will focus on those updated independence requirements with examples to help you prepare for these changes.

Field of Study: Auditing (Governmental)

Tuesday, June 9, 2020 (1:45 pm–2:35 pm ET)

1A: Single Audit Update
Ms. Beth Ann Wood, CPA ( NC Office of the State Auditor, Raleigh, NC ),

This session will provide an overview of what is happening in the single audit arena including the 2019 Government Auditing Standards. You will learn about the latest Uniform Guidance and single audit developments, and the single audit landscape looking forward.

Field of Study: Auditing (Governmental)

Tuesday, June 9, 2020 (1:45 pm–2:35 pm ET)

1B: GASB 87: Leases
Mrs. Melisa Fay Galasso, CPA ( Galasso Learning Solutions LLC, Charlotte, NC ),

Government leases are getting an overhaul. GASB Statement 87 was issued in 2017 and provides an update on the proper accounting for leases from both the lessee and lessor point of view. This course will review the updated definition of a lease as well as other significant changes to terminology and current practice that governments and auditor’s will need to consider to properly implement the new standard.

Field of Study: Auditing (Governmental)

Tuesday, June 9, 2020 (2:45 pm–3:40 pm ET)

2A: Unconscious Bias in Audit
Toby Groves ( Toby Groves, Ph.D., Cincinnati, OH ),

Unconscious associations are automatically and involuntarily spurred by people, situations, and places around us. These associations profoundly influence our beliefs and attitudes and shape our actions and behaviors. Implicit associations ultimately affect how we interact with others, interpret evidence, and make decisions. This fascinating session uses the latest cognitive and behavioral research and utilizes live implicit association experiments with the audience to help attendees unveil hidden influences that impact their decisions. Attendees will learn how to use these new insights to improve thinking. Major subjects include:
* The link between involuntary associations and decision making
* Unconscious bias at the individual and group levels
* How cognitive diversity benefits group decision making
* How stereotypes develop
* Ethics and implicit associations
* Using the mind-lens model to uncover hidden biases

Field of Study: Auditing

Tuesday, June 9, 2020 (2:45 pm–3:40 pm ET)

2B: Ongoing Local Government Utility Compliance with EO 124
Ms. Kara A. Millonzi, JD ( UNC Chapel Hill-School of Government, Chapel Hill, NC ),

EO 124 suspends residential utility disconnections and late fee penalties from at least March 31 through June 1, 2020. It also mandates that a local government utility provide a payment plan option for its residential customers that allows repayment of certain delinquencies over a 6 month period after the termination of the EO. This session will analyze the ongoing legal requirements imposed by the EO, and provide sample compliance policies.

Field of Study: Auditing (Governmental)

Tuesday, June 9, 2020 (3:50 pm–4:40 pm ET)

3A: 2020 Professional Ethics & Conduct
Dr. Cal Christian, CPA, PhD ( East Carolina University-College of Business, Greenville, NC ),

North Carolina Professional Ethics and Conduct rules are just one subsection of the set of rules and standards governing North Carolina CPAs. However, the importance of professional ethics merits an in-depth study, because making the right decision every time is hard! Without a solid ethical base, the rules are difficult to apply. The North Carolina Professional Ethics and Conduct rules provide the foundation for examining the standards of ethical conduct. These standards of ethical conduct are not only examined for those CPAs in public practice, but also for CPAs working in industry, government, and education throughout North Carolina. You will examine current trends in ethical behavior, social networking, and fraud. Real-life case studies supplied by North Carolina CPAs that examine those ethical dilemmas most prevalent in the workplace will be discussed.

Note—This activity fulfills the State Board’s annual minimum 50-minute ethics CPE requirement. The 50-minute ethics activity is required for annual license renewal for North Carolina CPAs and does not qualify one to obtain an original or reciprocal certificate (the NC Accountancy Law course required for certification and reciprocity is an eight-hour program that is also offered by NCACPA, and it satisfies this requirement). If you have questions, please contact the NC State Board of CPA Examiners.

Field of Study: Regulatory Ethics

Tuesday, June 9, 2020 (3:50 pm–4:40 pm ET)

3B: Excel Tips & Tricks
Ms. Holly Sullenger, PhD ( Cary, NC ),

Most Excel users today do not use Excel in a way that maximizes what the software can do for them. In fact, most of the workbooks Dr. Holly has been asked to “fix” have been put together exactly the wrong way. This seminar will help you avoid all of the above!
Join Dr. Holly for Excel Basics and find out the correct, fun way to put together an Excel spreadsheet. This won’t be a regular Excel basics seminar – you will learn shortcuts that even seasoned Excel users don’t know!
Discover the seven steps to spreadsheet success, data entry secrets, easy ways to have Excel do math for you, and how to begin to create worksheet visuals for the supervisor in your life.
Bring your laptop if you’d like to work along. Don’t if you simply want to be entertained and absorb extremely useful information. This seminar will save you time, allow you to work in Excel more easily, and give you shortcuts you can use to boost your spreadsheet cred!

Field of Study: Computer Software & Applications


Share This Event

Event Vendor:NCACPA
Field of Study:Accounting (Governmental), Auditing, Auditing (Governmental), Computer Software & Applications, Information Technology, Regulatory Ethics, Various
Level: Overview
Other:New Course

Event Type:Webcast
NASBA Instructional Method:Group Internet Based
Event Code:WCNLGG20

Registration Fees

Registration FeeEarly BirdRegular
NCACPA MemberN/A$285.00
Non-MemberN/A$385.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.