Hear an update from the MA DOR on contemporary issues facing all practitioners of municipal finance in the Commonwealth.
Most public sector employers will be complying with GASB 67 and 68 for the first time this year. This session will begin with a brief review of Statements 67 and 68 but will primarily focus on the practical issues that have arisen as the actuaries have determined the net pension liability and Required Supplementary Information.
You will get an overview of the GASB pronouncements that become affective in the coming fiscal years. This session will also explain some of the projects on GASB’s current technical agenda and research agenda.
Auditors and governments nationwide are in the midst of implementation of the new GASB pension standards. There are many aspects of the auditing, accounting and financial reporting that are new to auditors and preparers. Learn what other auditors and governments are doing to implement the new standards. The AICPA’s Audit and Accounting Guide – State and Local Governments 2015 key sections on pensions will also be reviewed (if released at least in draft prior to the conference).
With the issuance of the Uniform Guidance, OMB and the Federal Agencies have introduced some significant changes to Federal award compliance requirements as well as several changes to the Single audit requirements. This session will cover some of the more significant areas of change including internal controls, subrecipient monitoring, procurement and Single Audit procedures among others. We will discuss the changes introduced and expectations for implementation from the perspective of various stakeholders.
This conference qualifies for the Workforce Training Express Fund program. The course code for this program is 1107426
Click here for more details: https://www.mscpaonline.org/cpe/training_fund
Eric S. Berman, MSA, CPA, CGMA, has over 25 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 a public accounting firm in 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. He obtained an M.S. in Accountancy from Bentley University. Eric recently represented the Association of Government Accountants (AGA) as the Vice Chairman of the Government Accounting Standards Advisory Council to GASB. He was the previous chair of the 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.
Ralph DeAcetis, CPA, is a managing director in the Boston office of PricewaterhouseCoopers LLP with 33 years of experience. He is the national director of regulatory compliance associated with federal awards to the nonprofit and for-profit sectors. DeAcetis also has a detailed understanding of the business, regulatory and accounting issues of federal funding that impact CPA clients. His knowledge of the Single Audit Act, OMB cost and administrative circulars has made him our national leader in this field.
DeAcetis represents PricewaterhouseCoopers LLP on AICPA task forces and committees regarding topics related to the Single Audit, Government Auditing Standards and OMB Circular A-133. He is a member of the AICPA, MSCPA, Institute of Management Accountants and Association of Government Accountants. In addition to being a CPA, DeAcetis is a Certified Management Accountant, a Certified Government Financial Manager and a Chartered Life Underwriter. He received his BS/BA from Boston University.
State Representative Jay Kaufman has served in the Massachusetts House of Representatives since January 1995 and is now in his third term chairing the legislature’s Committee on Revenue. He had, for two terms before this, chaired the Committee on Public Service and led the effort to develop and pass several major pension reform initiatives. His primary legislative interests are education, health care, campaign reform, environmental protection, and social and economic justice. He led the fight to pass and implement the state’s campaign finance reform law, and has chaired special task forces on medical records privacy, the social and ethical implications of genetic technology, and alternatives to property taxes to fund public schools. During his freshman term, he broke a six-year logjam to win passage of the Rivers Act, a major environmental protection bill. He is currently leading the effort to pass the Act for Healthy Families & Businesses, a bill that would encourage the substitution of safer alternatives to commonly-used toxic chemicals. He has sponsored legislation aimed at tax fairness, including the Property Tax Circuit Breaker, and has consistently secured major budget increases for METCO, the state’s premier racial desegregation program.
Lisa is a project manager with the Governmental Accounting Standards Board. Prior to joining the GASB, Lisa worked for Runyon Kersteen Ouellette CPA’s for 10 years, the Town of Old Orchard Beach, Maine as their Finance Director and interim Town Manager for 2 years, and the City of Saco, Maine as their Finance Director for 8 years. Lisa is a Certified Public Accountant and a Chartered Global Management Accountant. She is also a member of the Association of Governmental Accountants, the American Institute of Certified Public Accountants, and the Maine Society of Certified Public Accountants and has served as their President. Lisa also has previously served as President of the Maine Governmental Finance Officers Association, an Executive Board member of the New England Governmental Finance Officers Association, and a member of a National GFOA standing committee. Lisa attended Boston College and the University of Southern Maine graduating with Magna Cum Laude honors and a Bachelors degree in Accounting.
Tony is currently Deputy Director of Accounts in the Department of Revenue’s Division of Local Services. He is in charge of all Bureau functions including certification of tax rates and free cash, Schedule A, UMAS and the State House Notes Program;
He has received 2 Massachusetts Pride in Performance Awards and 2 Division of Local Services Outstanding Performance Awards;
He has an MPA and B.S. in Government from Suffolk University;
He has been a guest speaker before the CPA Society in the past and has spoken before many Massachusetts municipal professional associations over the last 35 years;
He is the author of “A Sketch of the History of the Massachusetts Bureau of Accounts and Related Matters in the Growth and Development of Municipal Finance (August, 2013);
Tony writes for the DLS publication City and Town and is currently assisting the Massachusetts Accountants and Auditors Association in updating its Manual
Kathleen Riley joined The Segal Company's Boston office in 1980 and became a Senior Vice President in 1996. She is currently the Public Sector Market Leader for the Boston office.
Ms. Riley has extensive experience working with public sector retirement plans. She has assisted various Retirement Boards in determining whether or not to adopt early retirement incentives, veteran's buyback provisions and the COLA revisions.
Ms Riley has extensive experience with plans governed under Massachusetts pension legislation. In addition, she has advised on the impact of other state legislative initiatives and is the lead actuary and consultant for many cities and towns in Massachusetts.
Ms. Riley served on the Governor's Special Commission on Pension Reform in 2009. In addition, she has worked with many New England states on design and actuarial review projects.
Ms. Riley received an AB cum laude in Biology from Harvard University in 1980. She is the Vice President for Professionalism and serves on the Board of the American Academy of Actuaries, and is the former Chairperson of the Academy's Committee on Qualifications. She is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries and an Enrolled Actuary.
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