- 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 live instruction and networking opportunities? Join us for the in-person 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
Top 10 Audit Findings & How To Address
Them (Auditor)
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) 1.0 AA Details
Keynote: The Great GASB Update (both)
(Presented Virtually)
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
Data Analytics: Making Good Use of What You
Already Have (Both)
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