Friday, June 17, 2016 – Friday, June 17, 2016 | 8:00am – 4:30pm

Government Accounting & Auditing Conference

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Agenda

8:15 - 8:40 a.m.
Registration

 

8:40 - 8:45 a.m.
Welcome and Opening Remarks

James Powers, CPA,managing partner, Powers & Sullivan

Chairman, MSCPA Government Accounting and Auditing Committee

 

8:45 - 10:15 a.m

What's New at GASB

Lisa Parker, CPA,CGMA, senior project manager, Government Accounting Standards Board (GASB)

Join GASB's own Lisa Parker for a detailed discussion on GASB statements 72, 74/75 and 77. Ms. Parker will also discuss the latest guidance on external investments, the most recent exposure drafts and other developments you and your clients need to know!

 

10:15 - 10:30 a.m.
Networking Break

 

10:30 - 11:45 a.m.

Peer Review Update

Thomas Kirwin, CPA, shareholder, Sullivan Bille, PC

This session will cover the outcome of the AICPA's single audit task force; common deficiencies on single audits; using the peer review checklist to assist in your pre-issuance review of audits; and how to survive the AICPA's Enhanced Oversight Initiative.

11:45 a.m. - 12:45 p.m.

DOR Update

Sean Cronin, senior deputy commissioner, Local Services, Massachusetts Department of Revenue

This session will cover the Department of Revenue's latest updates impacting municipal finance practitioners. We will review the FY 17 state budget, local aid distribution, snow and ice accounts and so much more!

12:45 - 2:15 p.m.

Lunch and Keynote address

Daniel Bergstresser, associate professor of finance, Brandeis International Business School

Join Brandeis Professor and finance expert, Daniel Bergstresser for a discussion about interest rate risk managment approaches being pioneered by the Commonwealth of Massachusetts. He wil place these approaches against the backdrop of the somewhat obscured but still extremely significant interest rate risk exposur stemming from the Commonwealth's pension and OPEB liabilities.

 

2:15 - 3:30 p.m.

Single Audit Update - Uniform Guidance

Ralph DeAcetis, CPA, managing director,
PwC LLP

This session will cover the new Uniform Guidance from a practical standpoint. This presentation will focus on the new administrative requirements, internal control requirements such as compliance with COSO and the auditor's responsibilites related to them.

 

3:30 - 3:45 p.m.
Networking Break

 

3:45 - 4:45 p.m.

Auditing Pension Liabilities - Discount Rate Presentation

Eric Berman, CPA, Partner Eide Bailly, LLP

Eric Berman will walk us through the process for developing discount rates for pension plans and how an auditor can determine if the rate is reasonable and can be supported. He will also address audit issues for year 2 of the implementation of the new pension GASBs including, testing census data in the interim year and timing considerations for actuarial valuations.

 

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

 

 

Speakers

Daniel Bergstresser

Eric Berman

Eric Berman

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.

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Sean Cronin

Ralph DeAcetis

Ralph DeAcetis

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.

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Thomas Kirwin

Thomas Kirwin

Thomas Kirwin, CPA is a shareholder of Sullivan BIlle PC, which was formed in 1972. Prior to joining Sullivan Bille PC, Kirwin was a shareholder in a firm he founded in 1990. His responsibilities cover all of the firm's areas of practice, including auditing and accounting, taxation, specialized consulting services and peer reviews. He has over thirty years in public accounting experience. Kirwin's client responsibilities include coordination services to manufacturers, real estate related entities, professional services, restaurants, wholesale and retail businesses, nonprofit entities and employee benefit plans. Kirwin aslo manages the peer review area of the practice. Kirwin is actively involved in the accounting profession's peer review program. His firm has received a clean report on all of its peer reviews, since its founding. Kirwin has been requested to perform peer reviews for CPA firms throughout New England as well as New York, Pennsylvania, Florida, Michigan and New Jersey. Kirwin has served on the Peer Review Acceptance Board for the Massachusetts Society of CPAs since 1992 and chaired the committee from 2001 through 2003. Kirwin also serves on the Peer Review Executive Committee of the Massachusetts Socitey of CPAs.

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Lisa Parker

Lisa Parker

Lisa Parker 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. Parker 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. Parker 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. Parker attended Boston College and the University of Southern Maine graduating with Magna Cum Laude honors and a Bachelors degree in Accounting.

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James Powers

James Powers

James E. Powers, CPA is the partner in charge of the governmental audit practice for Powers and Sullivan Certified Public Accountants. In this role he develops the firm standards for governmental auditing and reporting. Powers authored the Massachusetts Department of Revenue’s publication “A Practical Guide for Implementation of GASB Statement 34 for Massachusetts Local Governments” in 2001. He is an active speaker at governmental conferences sponsored by the Massachusetts Society of Certified Public Accountants, Department of Revenue, Government Finance Officers Association, Association of Government Accountants, Massachusetts Municipal Accountants and Auditors Association, Massachusetts Association of Treasurers and Collectors Association, Massachusetts Municipal Association of Finance Committee Members, Massachusetts Association of School Business Officials, Massachusetts Library Association and other organizations.

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Conference Credits

This course is 8.00 credits

Conference Fees

MSCPA-AICPA Member
$249.00
MSCPA Member
$249.00
AICPA Member
$319.00
Non-Member
$319.00

Conference Cost

You pay
$319.00
MSCPA Members save $70.00 on this course. Login or Join to take advantage of these savings.

Registrants

+ $319.00

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