- What are the top 10 findings in audit and how can you address them?
- Discuss the practical application of risk assessment /standards in governmental units.
- Analyze emergency relief in education from ARPA & receive an update from the MI Dept. of Ed.
Presented in partnership with the Michigan Department of Treasury.
Auditors and units continue to work through an unprecedented time for single audits as federally connected funds and grants make their way through organizations and financial statements. Discover how the changes within the uniform guidance and federal grant space affect you.
Looking for extra flexibility? You can attend the program virtually, too. Click here for details on the virtual option.
PRICING
DETAILS
Register
early to take advantage of the best price! Please note, discounted pricing is
already reflected in the online price. No promo code is needed.
Through April
26: $195 MICPA Members/ $345 Non-Members
April 27 - May 10: $215 MICPA
Members/ $365 Non-Members
May 11 - May 24:
$235 MICPA Members/ $385 Non-Members
After registering for this event, you can customize your sessions via 'My Registrations'
Keynote: Revised Uniform Guidance - What You Need To Know (Both) 1.0 AA Details
Keynote: Revised Uniform Guidance - What You
Need To Know (Both)
The uniform guidance is a living document.
Revisions occur over time as new legislation and other requirements are
implemented. There are other influences such as Executive Orders, Presidential
Memos, and developments in technology and standard data elements. It is always a
challenge to stay up to date. Dig into the changes and learn what else is on the
horizon, including: regulations that impact grants, funding levels and issues
that place grants at risk, updates across the full grant lifecycle, and
resources/links for staying current.
Karen Norris –
Principal, Kanoco, Lewes, DE
09:30 AM - 10:20 AM
Demystifying Statement on Auditing Standards
(SAS) 134-140 (Auditor) (Presented Virtually)
Effective for periods
ending on or after December 15, 2021, SAS 134 – 140 changed the layout and
content of the auditor’s report in some major ways. Gauge the impact of SAS 134
– 140 on auditing functions, including engagement and representation letters,
and what it means for auditor functions and responsibilities.
Andrea
Wright, CPA, MBA – Partner, Johnson Lambert LLP, Park Ridge,
IL
Melanie Barthel, CPA, CPCU– Principal, Johnson
Lambert LLP, Park Ridge, IL
Single Audits 101: The Basics and Beyond
(Auditor)
The last two years saw an unprecedented amount of federal aid
distributed to millions of organizations, units and entities across the nation.
Gain understanding of the condition under which small business and first-time
recipients of federal aid must perform a single audit and learn the best
practices for preparing an effective and compliant single audit.
Marlene Beach, CPA, CFE, CVA – Principal, UHY LLP,
Farmington Hills
10:30 AM - 11:20 AM
After School Special: Every MI District Audit Update
(Both)
Michigan school districts received multiple rounds of
government funding in 2021. Find out the latest expectations for auditing and
reporting Elementary and Secondary School Emergency Relief (ESSER) funding as
well as what types of new funding could be in store for fiscal year 2022. Plus,
check out the new updates to the School Accounting and School Auditing Manuals
and other breaking news in education.
Kim H. Lindsay, CPA
– Principal & Secretary/Treasurer, Rehmann, Grand
Rapids
Despite best efforts, it seems the same audit findings create challenges year after year among all recipients, programs, and awarding agencies. How can recipients better prepare and reduce findings? What tests do auditors need to apply? What are the differences in audit strategies for unintentional and intentional acts? Should a nonfederal entity appeal or dispute a finding, and what options are available? For those working with federally-connected grants, increase awareness of Subpart F and the Annual Compliance Supplement requirements. Learn to recognize the usual suspects and what to do about them.
Karen Norris – Principal, Kanoco, Lewes, DE
11:30 AM - 12:20 PM
After School Special: Every MI District Audit
Update (Both)
Michigan school districts received multiple rounds of
government funding in 2021. Find out the latest expectations for auditing and
reporting Elementary and Secondary School Emergency Relief (ESSER) funding as
well as what types of new funding could be in store for fiscal year 2022. Plus,
check out the new updates to the School Accounting and School Auditing Manuals
and other breaking news in education.
Kim H. Lindsay, CPA
– Principal & Secretary/Treasurer, Rehmann, Grand
Rapids
Are You Qualified? The Ethics of Practice
Development and Skill Enhancement (Both)
For an accounting practice or career to thrive, it must grow
and develop. But what about the "Catch-22" of practice development: expertise at
anything new requires experience, and experience cannot be attained while you
are a non-expert! Or can it? This workshop considers various pathways to
practice development by, for example, performing services for the cannabis
industry, and considers the drawbacks of reaching too far, too fast.
Bert
Spalding, JD, PhD, CPA/CFF – Associate Professor Emeritus, Wayne
State University, Detroit
Keynote: The Great GASB Update (Both) (Presented Virtually) 1.0 AA Details
This GASB Update will focus mainly on the overview of the pronouncements currently being implemented, including Statement No. 87, Leases through Statement No. 98, The Annual Comprehensive Financial Report. If time allows, the Update will also briefly go over projects currently being deliberated by the Board, the guidance and resources related coronavirus, the pre-agenda research activities, as well as the post-implementation review activities.
Jialan Su, CPA – Supervising Project Manager, Governmental Accounting Standards Board, Norwalk, CT
02:10 PM - 03:00 PM
The practical application of risk assessment and their standards is still proving to be a challenge for auditors in general so we go through some real-world examples of how the execution can be put into practice. Some specific areas include inherent risk, documentation of control risk, and control risk over compliance.
Greg Soule, CPA, CISA, CISSP, CFE – Partner, AHP, Bloomfield Hills
Federal Relief Funds Update
(Both)
Federal relief funds aren’t new, but their prevalence has vastly
escalated in recent years due to the pandemic. Explore existing federal funds
programs, best practices for tracking and documenting those funds and which
expenditures are acceptable uses to avoid issues at audit
time.
Stephen Blann, CPA, CGMA, CGFM – Rehmann, Public
Sector QC Director, Grand Rapids
03:10 PM - 04:00 PM
Government finance directors have a wealth of information at their fingertips, but cutting through the noise can be a challenge. Discover practical ways to interpret data through effective analytical review, and which areas you might be overlooking when closing your books and gauging your financial position.
Stephen Blann, CPA, CGMA, CGFM – Rehmann, Public Sector QC Director, Grand Rapids
Change is in store for general child nutrition programs this summer as we look ahead to the 2022-23 school year. Explore the fiscal and program considerations from an accounting perspective.
Tanea Curtis Brooks– Financial Analyst, Fiscal and Administrative Services, Michigan Department of Education, Lansing
Heather Holland– Department Manager- Working out of Class, School Nutrition Programs, Michigan Department of Education, Lansing
Dawn Madison – Program Analyst, School Nutrition Programs, Michigan Department of Education, Lansing
Michelle Needham – Financial Analyst, Fiscal and Administrative Services, Michigan Department of Education, Lansing
04:10 PM - 05:00 PM
Analyzing Emergency Relief in Education
(Both)
The American Rescue Plan Act (ARPA) included Elementary and Secondary
School Emergency Relief (ESSER) Fund grants to address the impacts of COVID-19
on public education. Find out how ESSER continues to impact the Michigan
education system, including how to account for and audit funds received from
this ARPA program and a review of recent updates.
Kevin
Walters – Supervisor, Office of School Support Services, State of
Michigan Department of Education, Lansing
SEFA & Major Program Determination
(Auditor)
Addressing the Schedule of Expenditures of Federal Awards (SEFA)
will continue to be important to auditors as it serves as the primary basis for
appropriate major program determination. Gain further insight into the
evaluation of requirements for SEFA as well as how this all plays a role for
local units utilizing American Rescue Plan Act funds.
Nicolette Acho, CPA – Senior Manager, Plante Moran,
Detroit
Manju Patnaik, CPA – Associate, Municipals
& Not-for-Profits, Plante Moran, Southfield
Member
Non-Member