Hear an update from the MA DOR on Contemporary issues facing all practitioners of municipal finance in the Commonwealth.
Develop your understanding of S&P's local government criteria, methodology and assumptions. This session will also focus on how S&P determines a long-term credit rating for various types of government.
Now that the Super Circular (Uniform Guidance) has been issued governments and their auditors all have questions about what the future holds for calendar 2015 year ends and beyond. Federal agencies will be issuing guidance over the next several months and governments will be responsible for conforming their systems and processes to meet what, in many ways, was the former compliance guidance for not-for-profit organizations. The federal government is also focusing in on internal controls. Government managers have only about a year to prepare to make these changes. This session will provide an update on the changes to administrative, cost and audit requirements. We will also discuss how internal controls now play a more significant role in compliance with federal requirements.
Are you ready for GASB's new standards of accounting and financial reporting? Learn about significant pension reporting changes in GASB Statements 67 and 68; soon-to-be effective GASB pronouncement for reporting deferred items (Statement 65); non-exchange financial guarantees (Statement 70); and government combinations and spinoffs (Statement 69). The session will conclude with a discussion of current and forthcoming exposure drafts for GAAP hierarchy, fiar value measurement and reporting and OPEB.
Your Annual Financial Report / or CAFR is more than a document with a lot of numbers in it. It is also a communication tool that can help message to your Board of Selectmen, City Council, Governing Board or Clients and the public the value that a government brings to the community. Many times an agency's financial report has dry generic information that does not take full advantage of the opportunity that the CAFR gives an agency to "tell its story" about what transpired during the fiscal year under audit. In this session, we will provide "best practices" regarding what should be in an annual financial report or CAFR presentation that will help your government or client put the data in the report in the most meaningful context, while still complying with all of the rigid requirements of GAAP and the GFOA Award Program.
Eric 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 chief financial officer of the Massachusetts Water Pollution Abatement Trust from 1994 to 1999.
Berman is a licensed CPA in Massachusetts and also holds practice privileges (with attest) in California. He obtained an MS in accountancy from Bentley University. Berman 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 past chairman 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.
Berman 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).
Stephen Crosby has 45 years of experience in policy making, entrepreneurship, nonprofits and academics. Prior to serving as chairman of the Massachusetts Gaming Commission, Crosby served as founding dean of the John W. McCormack Graduate School of Policy and Global Studies at UMass Boston.
In the early 2000’s, Crosby served as secretary of administration and finance to governors Paul Cellucci and Jane Swift. He was responsible for development, legislative approval and implementation of the governor’s $23 billion annual operating budget and a $2 to $3 billion capital budget. He supervised 22 agencies with 3,000 employees.
Crosby received a BA from Harvard University and JD from Boston University.
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.
Wesley Galloway is a project manager at the Governmental Accounting Standards Board (GASB) where he serves as its liaison to governmental utility, hospital and higher education organizations. In 1996, Galloway left public accounting to join the GASB technical and research staff and subsequently has worked on numerous statements and projects. He recently completed a research secondment at the Financial Accounting Foundation, which oversees GASB. He is a frequent speaker on governmental accounting.
Galloway is a graduate of Brigham Young University and is a member of the AICPA.
Victor Medeiros is an associate director in the Boston office of Standard & Poor’s Ratings Services in the State and Local Government Group. Medeiros serves as the lead portfolio analyst for local government ratings in Massachusetts, New Hampshire, Rhode Island and Vermont. He also covers municipal credits throughout the East region of the US. Medeiros is a member of the National Federation of Municipal Analysts (NFMA) and the Boston Municipal Analysts Forum (BMAF).
Gerard “Gerry” Perry is the director of accounts for the Massachusetts Department of Revenue. He has over 35 years of experience in both state and local government. Perry has been with the DOR for 30 years, serving as the associate deputy commissioner and deputy commissioner for the Division of Local Services.
Marci Thomas, CPA, MHA is an author and discussion leader for Loscalzo Associates Ltd. Ms. Thomas is a principal and director of quality control for Metcalf-Davis, a CPA firm in Atlanta. In that role she also updates the Single Audit Service for the National Association of College and University Business Officers (NACUBO) and the editor of its monthly newsletter Federal Audit News and Insights.
Marci is also a clinical assistant professor at the University of North Carolina at Chapel Hill where she teaches Healthcare Strategy, Finance, Governance and Internal Control. Ms. Thomas also works with accounting firms, performing quality control and efficiency reviews and with nonprofit boards on strategic planning, internal control and governance issues.
From 1986 through 1999 and again in 2005, Ms. Thomas worked for Deloitte, primarily in the accounting and advisory services department. Most recently, she was Director in Deloitte Consulting in strategy and operations practice in the Atlanta office. Marci specializes in working with not-for-profit organizations including those in the healthcare and higher education arenas. In addition to those areas she is also a nationally recognized author and speaker on OMB Circular A-133 and Governance.
Ms. Thomas received her Bachelor in Business Administration with a concentration in accounting from the Georgia State University and her Masters in Health Administration at the University of North Carolina at Chapel Hill. She is a frequent speaker at local, regional and national conferences.
Ms. Thomas serves on the Board of Directors for the North Carolina Association of CPAs and is on the executive committee of the Board. She is also a member of the Not-for-Profit Committee. She is on the Board of Georgians for a Healthy Future.
In addition to writing numerous training manuals for Loscalzo Associates Ltd., she is co-editor and author of a book published by Jossey Bass in 2004, Essentials of Physician Practice Management. Her book, Best of Boards: Sound Governance and Leadership for Nonprofit Organizations was published by the AICPA in June 2011 and is on its second printing. Her newest book on Health Care Financial Management was published by Wiley Publishing in January 2014.
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