Skip to main content

Auditing/Accounting Standards

Back to Course Schedule
Date(s): Apr 05, 2018
Time: 8:30AM - 5:00PM
Registration Fee: $249.00
Cancellation Date: Mar 29, 2017
Location: JOHN M. KEEL LEARNING CENTER
City: Austin

Course Description

This training provides an update of recent developments affecting accounting professionals who serve state and local governments. Content emphasizes recent and pending guidance from the Governmental Accounting Standards Board (GASB). This Update will focus on a number of important, timely topics, including the Super Circular and GAGAS Updates and how it will affect your government agency.


Potential CPE Credits: 8.0
Govt Hours: This class meets 8.0 hours of the 24-hour requirement for governmental CPE under Government Auditing Standards (yellow book), in most cases.
Technical Hours: This class meets 8.0 CPE credits of technical training in compliance with Texas Admin. Code Rule 523.102.

Instruction Type: Classroom
Experience Level: ALL
Category: Auditing

Course Objectives

Upon completion of this course, participants will be able to:

  • Review recent changes in accounting principles
  • Discuss pending changes and their potential impact
  • Determine necessary changes to processes and procedures based on these updates.

 

Outline

During the first half of the session, we will cover statements that should be implemented for June 30, 2017 (GASB Statement Nos. 73, 74, 77, 80, 82, 85 and 87).

There will also be an update of the all-important Financial Reporting Model Reexamination Project and related projects on revenue and expense recognition, note disclosure and recognition concepts. The debt disclosures and direct borrowing, capitalized interest, equity method and going concern projects will be discussed.

The remainder of the course will focus on auditing standards. This will include, but not be limited to: SAS-132, (The Auditor’s Consideration of An Entity’s Ability to Continue as a Going Concern) (AU-C Section 570), OPEB Auditing, the effect of Blockchain, Cybersecurity, the Government Auditing Standards exposure draft (unless finalized by the time of the presentation,) and then any Single Audit update needed. [Note that the General Accountability Office may require a minimum of 4 hours of training on any new issuance of Government Auditing Standards, should the provisions of the exposure draft be approved. Should it be approved, half the day will focus on the new standards as required.]


Prerequisites

No prerequisites required.

Instructors

Eric Berman

Eric S. Berman, MSA, CPA, CGMA, has over 24 years of governmental accounting and auditing experience and is a Partner with Eide Bailly, LLP. Previous to Eide Bailly, LLP, he was a quality control principal with Brown Armstrong Accountancy Corporation in Pasadena, California. His public sector experience includes being a Deputy Comptroller for the Commonwealth of Massachusetts from 1999 to 2010, and the Chief Financial Officer of the Massachusetts Water Pollution Abatement Trust from 1994 to 1999. Eric is a licensed CPA in Massachusetts and also holds practice privileges (with attest) in California. He obtained an M.S. in Accountancy from Bentley University. Eric represents the Association of Government Accountants (AGA) as the Vice Chairman of the Government Accounting Standards Advisory Council to GASB and chairs the AGA’s Financial Management Standards Board. He also is a previous chair of the American Institute of Certified Public Accountants (AICPA) Governmental Performance and Accountability Committee and is a former member of the AICPA’s State and Local Government Expert Panel. Eric is frequently called upon to consult and train state and local governments throughout the country on governmental accounting and auditing. He is the author of the Governmental GAAP Guide, the Governmental GAAP Practice Manual, the Governmental GAAP Update Service, Knowledge – Based Audits – State and Local Governments, Knowledge Based Audit Tools – State and Local Governments and Knowledge Based Audit Tools – OMB Circular A-133 Audits, all for Wolters – Kluwer Commerce Clearinghouse (CCH).


Additional Information

TAC Rule 523.142(g) requires the CPE Sponsor to monitor individual attendance and assign the correct number of CPE credits. Participants will be asked to document their time of arrival and departure in compliance with this Rule. Additionally, attendance will be monitored throughout the day and CPE certificates will reflect actual attendance of each participant.

If you are making travel plans to come to Austin, we recommend making "refundable" air and hotel reservations or waiting until 14 days before the class to actually book your reservations. Courses are occasionally canceled or rescheduled due to low enrollment. We determine whether a course has enough participants 16 days prior to the course date. If we cancel or reschedule, we will email the participant and his or her billing contact no later than 14 days before the original class date.

The course coordinator will contact you with parking information. Handicapped parking is free at the meters around the downtown area.

Vending machines with Coca-Cola products and various snack items are available. There is also a refrigerator and microwave in our coffee bar area. Feel free to bring in your own drinks and food if you prefer.

You might want to bring a light sweater or jacket, as room temperatures vary.

To see answers to our Frequently Asked Questions, visit http://www.sao.texas.gov/training/faq.html.


Back to Course Schedule