Full Disclosure: GASB 103 & 104
GASB Statements No. 103 and 104 both took effect in 2025, with No. 103 focused on financial reporting model enhancements while No. 104 addresses specific capital asset disclosures. Review the key components of each pronouncement and determine how to ensure the intent of the standards to improve information and accountability among government entities is met.
David Bean – CEO and Former GASB Director, Governmental Accounting Research, LLC, Springfield, IL

School District Update
Review current filing requirements, late filing considerations, and common audit findings, along with updates to the accounting manual and financial reporting guidance. Examine potential delays in the compliance supplement, legislative developments, FY27 budget planning, federal grant updates, changes to Uniform Grant Guidance, and related audit implications.
Sebastian Alberts – Auditor, State of Michigan Department of Education, Lansing
Phil Boone – Assistant Director, State of Michigan Department of Education, Lansing
Christopher May, CFE, CGFM – Financial Specialist, State of Michigan Department of Education, Lansing
Jose Quintero – Audit Specialist, State of Michigan Department of Education, Lansing
Gloria Suggitt – Audit Manager, State of Michigan Department of Education, Lansing
Kevin Walters – Supervisor, Office of School Support Services, State of Michigan Department of Education, Lansing

In the Aftermath of QMS
New quality management standards (QMS) issued by the AICPA became effective on Dec. 15, 2025, requiring firms to adopt customized quality management systems. Explore key considerations for firms in a post-implementation landscape, including annual requirements, emerging issues and best practices.
Peggy Jury, CPA, CGMA – Peer Review CPA on Staff, MICPA, Troy
Duane Reyhl, CPA, CGMA – Audit and Accounting Partner, AHP, Midland

State of Michigan Treasury Update
Examine key updates from the State of Michigan’s Department of Treasury, including system changes and other timely issues affecting local governments. Explore financial best practices, tools, and available resources to strengthen fiscal management and practical strategies for preparing for revenue declines and economic downturns.
Cary Jay Vaughn, CPA, CGFM – Administrator, State of Michigan Department of Treasury, Lansing
Nicholas Brousseau – Manager, State of Michigan Department of Treasury, Lansing

Ethical Considerations In Effective Engagement Letters
Engagement letters are more than risk management tools—they document the ethical foundation of the CPA–client relationship. Examines how engagement letters support compliance with the AICPA Code of Professional Conduct, including conflict of interest disclosures, confidentiality requirements, communication with predecessor auditors, and transparency in scope and responsibilities. Evaluate how clear documentation and thoughtful engagement terms reinforce integrity, objectivity, and professional judgment in practice.
Raymond T. Rowe, CPA, JD – Attorney, Raymond T. Rowe PC, Troy

There and Back Again: GASB No. 101
Revisit GASB Statement No. 101 two years after implementation to evaluate how governments are applying the updated guidance on compensated absences. Review which leave types meet liability recognition criteria, examine measurement requirements for calculating liabilities, and distinguish arrangements that result in recognized liabilities from those that do not. Explore lessons learned and practical considerations for consistent application going forward.
Christopher Pembrook – Senior Manager, Crawford & Associates, P.C., Oklahoma City, OK

Hot Topics – Single Audit Panel 
Review key single audit trends including subrecipient versus contractor determinations, ALN communication, and procurement documentation. The discussion will also cover compliance-related areas like suspension and debarment, record retention, and point-in-time reporting before examining SEFA reporting on an accrual basis with practical application insights.
Kevin Hunt, CPA – Senior Manager, AHP, Saginaw
Dan Merritt, CPA, MBA, CGFM – Principal, Rehmann, Detroit
Joseph M. Verlin, CPA, CGFM – Principal in Charge of Audit Services, Gabridge & Company PLC, Grand Rapids
Moderator: Jessie Klisz, CPA – Assurance Manager, Plante Moran, Grand Rapids

Accounting for, and Auditing, Common Government Investments
Managing public funds often includes making certain investments, and current standards require clear disclosures, fair value adjustments and other specific accounting and auditing requirements. Review how current standards apply to various government investments, including digital assets for all entities.
Kellen Riker, CPA – Manager, Yeo & Yeo, Flint

Hot Topics – Single Audit Panel 
Review key single audit trends including subrecipient versus contractor determinations, ALN communication, and procurement documentation. The discussion will also cover compliance-related areas like suspension and debarment, record retention, and point-in-time reporting before examining SEFA reporting on an accrual basis with practical application insights.
Kevin Hunt, CPA – Senior Manager, AHP, Saginaw
Dan Merritt, CPA, MBA, CGFM – Principal, Rehmann, Detroit
Joseph M. Verlin, CPA, CGFM – Principal in Charge of Audit Services, Gabridge & Company PLC, Grand Rapids
Moderator: Jessie Klisz, CPA – Assurance Manager, Plante Moran, Grand Rapids