ACPEN Signature: 2016 Governmental Accounting & Auditing Update

Stay up-to-date on rapidly changing developments by participating in the 2016 Governmental Accounting and Auditing Update ACPEN broadcast! Take advantage of this opportunity to find out about breaking government issues. This is your opportunity to hear about the latest challenges facing governments and practitioners who work with them and audit them, presented by leading experts on governmental accounting and auditing, both those who work in the trenches and those from the regulatory world.

All of the fiscal, regulatory, and new standards facing governments and their auditors, mean that it is important to keep current on critical issues and developments. From a governmental accounting, auditing, and compliance perspective, 2016 will be a critical year for implementing new standards and requirements! Plus, it is imperative that you start planning ahead for the significant changes coming in 2017 and beyond!

On the governmental accounting side, the GASB has issued an unprecedented number of standards in the last two years—issuing eight statements in 2015 and three (to date) in 2016. New standards in 2015 address fair value (GASB No. 72), pension standards for pensions outside the scope of GASB No. 68—and through certain multiple-employer defined benefit plans (GASB Nos. 73 and 78), two new OPEB standards (GASB Nos. 74 and 75) that parallel the plan and employer pension standards (GASB Nos. 67 and 68), GAAP Hierarchy (GASB No. 76), tax abatement (GASB No. 77), and external investment pools (GASB No. 79). 2016 has ushered in Statements 80–82 on blending of component units, irrevocable split-interest agreements, and another pension standard. Plus, new standards on asset retirement obligations and fiduciary activities are expected to be released later in 2016. Now is the time to find out about the details on how these and other recently effective standards will affect governmental accounting and reporting. The ACPEN panel of experts can fill you in on all the latest details you need to know about critical new requirements, implementation issues, and developments.

Recently implemented pension standards continue to provide challenges; and, implementation of the complex new OPEB standards is coming soon! You’ll get the latest scoop on all the pension and OPEB issues from both the GASB and audit implementation sides—and hear about solutions to those issues. This is not the time to sit on the sidelines—plan and employer management and auditors need to hear the retrospective issues on pension standards and lay the groundwork to successfully meet the challenges associated with implementing complex OPEB and the latest pension standards.

On the audit side, governments and their auditors have continuing opportunities for learning more about the critical implement issues for the various pension standards. Plus, 2016 is the critical implementation year for fair value, tax abatements, and external investment pools—all with a number of audit issues. Plus, now is the time for action to conquer critical implementation issues that affect both plans and employers relating to the OPEB standards. At this year’s broadcast, it will be the perfect time to find out the details about how the latest auditing and reporting issues

Stay up-to-date on rapidly changing developments by participating in the 2015 Governmental Accounting and Auditing Update ACPEN live video webcast! This is your opportunity to hear about the latest challenges facing governments and practitioners who work with them and audit them. ACPEN’s panel is made up of leading experts on governmental accounting and auditing, both those who work in the trenches and those from the regulatory world.

This broadcast is designed to provide CPE that meets the Yellow Book CPE criteria.

Faculty Interaction! With ACPEN courses, you may send questions to the panel in advance at Pre-CourseQuestions@ACPEN.com, and remember, participants can submit questions to the panel during the course and for two days after every ACPEN course, providing unparalleled faculty access!

Basic Course Information

*Review most recent governmental accounting and auditing developments

*Discuss the new and recently effective GASB pronouncements

*Find out about the requirements in challenging new standards on fair value, pensions, OPEB, tax abatement, investments pools, and other new GASB standards.

*Find out more about GASB’s many pension standards for plans and employers, and hear the details about critical implementation and audit issues for plans, employers, and auditors.

*Find out about the grant reform changes included in OMB’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and learn how the changes will affect your 2016 single audits.

*Hear about the most recent developments affecting single audits, including the 2016 OMB Compliance Supplement, as well as:  The latest guidance on compliance requirements and single audit reporting, Changes to the Compliance Supplement, Changes to the Data Collection Form for 2016, and Single audit quality issues (including recent peer review findings).

*Discover how new accounting and auditing standards will affect governments and your government practice, including common implementation issues, reporting issues, and best practices.

*Hear some hints on how to avoid pitfalls and prepare for a successful implementation of the new OPEB standards. (Hear the perspective from a seasoned government finance official that is leading the charge to help governments successfully conquer these complex new standards!)

*Hear great insights on materiality and audit risk.

*Hear guidance from experts on how to avoid common single audit deficiencies.

*Learn the most recent auditing standards, government and Yellow *Book/single audit risk alerts, and the latest AICPA audit and accounting guides.

*Find out what GASB projects are on the horizon.