Despite nearing the 20th anniversary since the issuance of GASB-34 in June of 1999, many governments still are receiving findings related to the preparation of financial statements in accordance with GAAP. However, some of these deficiencies are easily fixed, while others may not be. Similar issues also occur with the preparation of the Schedule of Expenditures of Federal Awards and the performance of the Single Audit. In this session we’ll discuss some of the more common deficiencies and how they can be remedied.
The GASB Update will cover standards that are effective in the next couple of years including Statements 83, 84, 87, and the newly approved Statement 88. Projects on the Board’s current technical agenda including the reexamination of the financial reporting model and the revenue/expense recognition project also will be covered.
In this session, Lt. Governor Karen Polito will discuss the results of the Local Government Workforce Skills Gap work group, a group consisting of professionals from the state, municipalities, higher education and private firms. She’ll dive into how municipalities across the Commonwealth are facing retirements at increasing rates, while fewer professionals are entering the local government workforce. Additionally, Polito will discuss this group’s plan to assist local governments in developing the next generation of municipal managers and financial officials.
In this session, we’ll hear an update on the Division of Local Services’ (DLS) initiatives, including their new Municipal Finance Trend Dashboard, going to an online e-learning platform for “Course 101,” modernizing the Free Cash and Schedule A processes, their approach to early intervention and the work of the Local Government Workforce Skills Gap work group that was convened by the Lieutenant Governor.
In this session, we’ll discuss several statistics, current trends, examples and the impact of cybersecurity/ransomware. We’ll also focus on strategies, general controls and audit areas to consider in mitigating risks around these trends and issues.
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.
Sean Cronin was appointed the senior deputy commissioner for Local Services in February 2015. Prior to joining the Baker/Polito Administration, Cronin spent 17 years working in Brookline, the last 12 as deputy town administrator. During his tenure, he helped develop fiscal policies and budgeting practices that allowed Brookline to retain its AAA credit rating and prepared capital improvement programs that addressed aging infrastructure and facilities.
Jim Kreiser, CISA, CRMA, CFSA is a principal in the CliftonLarsonAllen LLP (CLA) Specialized Advisory Services group. He has 20 years of professional services experience in providing consulting and advisory services. In addition, Kreiser spent 10 years of his experience working at a Big 4 firm in their Business Risk and Technical Risk Services groups. His focus has primarily been in the governmental sector, healthcare and financial institutions. At CLA, he focuses son clients particularly on consulting, internal audit and third-party reporting services.
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.
Hannah York, CPA, CGA is a controller level consultant at CliftonLarsonAllen, LLP where she is dedicated to providing a wide range of finance and accounting consulting services to state and local government entities throughout the Commonwealth of Massachusetts. York has 18 years of experience in the accounting and finance industry and for the past 10 years she has specialized in governmental accounting and finance.
This session will focus on the range of internal audit procedures that could be implemented in cities and towns. In addition, this session will center on what a large city with a dedicated internal audit staff does as well as what a small town with no dedicated internal audit staff is able to implement.