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OSCPA's Governmental Accounting and Auditing Conference - Oklahoma City

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The Sheraton

1 N Broadway Ave
Oklahoma City, OK 73102

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16.00 Credits

Member Price $370

Non-Member Price $470

Overview

Join us for the OSCPA's 2024 Governmental Accounting and Auditing Conference!

The conference will be held May 2-3 and will offer up to 16 hours of recommended CPE credit including Yellow Book credit and two hours of Oklahoma ethics.

Attendees can also receive up to 16 hours of CLE (Continuing Legal Education) credit.

The OSCPA's Governmental Accounting and Auditing Conference is sponsored by the OSCPA Governmental Accounting and Auditing Committee.


Room Reservations: Discounted room rates are available at the Sheraton OKC Downtown for $131/night (only available through April 10, 2024) . You can book your room online or by calling 1-800-325-3535 and using group code CD6 OSCPA's Governmental Accounting.

Virtual Attendance: If you prefer to attend online, you can register for the virtual event here.

Prerequisites

None

Designed For

CPAs and accounting staff working in government or public accounting

Preparation

 

Notice

 

Thursday, May 2

General Session

8:00am - 9:40am AICPA & Yellow Book Ethics: Update & Comparison

Melisa Galasso, Galasso Learning Solutions

Melisa Galasso

Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Speaking Professional (CSP), a Certified Professional in Talent Development (CPTD), and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC) and AICPA Council. She previously served on the AICPA’s Technical Issues Committee (TIC), the VSCPA’s Board of Directors and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the Money Matters for Nonprofits and serves as a SME for the Center for Plain English Accounting.

We'll start with a review of recently issued ethics interpretations from the AICPA's Professional Ethics Executive Committee (PEEC) to keep you up to date on what's changing in ethics. Then we'll switch gears to Yellow Book with a refresher on the differences between the AICPA's Code of Professional Conduct and the GAGAS independence requirements. Attendees will have everything they need to address common deficiencies and stay on top of changes happening in the ethics world!


Learning Objectives:

  • Describe differences between the AICPA independence rules and the GAGAS independence rules
  • Recall the changes in recently issued ethics interpretations

Credits: 2 - Regulatory Ethics

This session is available to registrants only.

General Session

10:00am - 11:15am Governmental Auditing Update

Melisa Galasso, Galasso Learning Solutions

Melisa Galasso

Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Speaking Professional (CSP), a Certified Professional in Talent Development (CPTD), and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC) and AICPA Council. She previously served on the AICPA’s Technical Issues Committee (TIC), the VSCPA’s Board of Directors and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the Money Matters for Nonprofits and serves as a SME for the Center for Plain English Accounting.

We'll start with a review of recently issued ethics interpretations from the AICPA's Professional Ethics Executive Committee (PEEC) to keep you up to date on what's changing in ethics. Then we'll switch gears to Yellow Book with a refresher on the differences between the AICPA's Code of Professional Conduct and the GAGAS independence requirements. Attendees will have everything they need to address common deficiencies and stay on top of changes happening in the ethics world!


Learning Objectives:

  • Describe differences between the AICPA independence rules and the GAGAS independence rules
  • Recall the changes in recently issued ethics interpretations

Credits: 1.5 - Auditing Governmental

This session is available to registrants only.

General Session

12:00pm - 1:15pm Fraud, Waste, and Abuse in Government and Governmental Programs

David Cotton, Chairman, Cotton & Company, LLP

David Cotton

Dave Cotton is founder and Chairman Emeritus of Cotton & Company, Certified Public Accountants, headquartered in Alexandria, Virginia. Cotton & Company was founded in 1981 and has a practice concentration in assisting Federal and State agencies, inspectors general, and government grantees and contractors with a variety of government program-related assurance and advisory services. Cotton & Company has performed grant and contract, indirect cost rate, financial statement, financial related, and performance audits for more than three dozen Federal inspectors general as well as numerous other Federal and State organizations, programs, activities, and functions. In April 2022, Cotton & Company became a subsidiary of Sikich LLP.

Dave has a BS in Mechanical Engineering and an MBA in Management Science and Labor Relations.

In May 2022, Governor Glenn Youngkin appointed Dave to the Virginia Board of Accountancy.

Both recipients of Federal Funds and auditors of those recipients have significant responsibilities for preventing, detecting, and reporting fraud, waste, and abuse.  This session will explain these responsibilities as contained in OMB's Uniform Guidance, Government Auditing Standards (GAO's Yellow Book), and GAO's Framework for Managing Fraud Risk in Federal Programs.  Fraud risk in government and governmental programs is different than fraud risk in the commercial sector.  All of the fraud risks in the commercial sector exist in government and governmental programs.  But, the nature of government and governmental programs is such that there are many additional opportunities for fraud, waste, and abuse in these programs.

Learning Objectives:

  • Definitions of fraud, waste, and abuse.
  • Fraud prevention and detection requirements in Uniform Guidance.
  • Auditors' responsibilities to detect and report fraud, waste, and abuse.
  • GAO's and Congress' attempt to embed fraud risk management procedures in all Federal programs.

In addition to explaining these many requirements, this session will explore some recent, real-world examples of how fraud, waste, and abuse happens in government and governmental programs.

 

Credits: 1.5 - Auditing Governmental

This session is available to registrants only.

Breakout Session

1:30pm - 2:45pm Single Audit Update and Uniform Guidance

More information coming soon!

Credits: 1.5 - Auditing Governmental

This session is available to registrants only.

1:30pm - 2:45pm Update on New AICPA Quality Management Standards

Christopher Pembrook, Shareholder, Crawford & Associates, PC

Christopher Pembrook

Chris Pembrook, CPA, MBA, CGAP, Cr.FA, is a shareholder at Crawford & Associates, CPAs, P.C., an accounting firm specializing in providing auditing, consulting and accounting services solely to governmental entities. He is currently serving as a member of the AICPA State and Local Government Expert Panel and the OSCPA Governmental Accounting and Auditing Committee. Pembrook was selected to serve on the joint COSO-ACFE-AICPA Task Force for the development of the group’s Fraud Risk Management Guide. He also served on the AICPA task force that helped establish the AICPA’s new single audit advanced expert certification program.

Frank Crawford III, President, Crawford & Associates, PC

Frank Crawford III

Frank Crawford, CPA, is president of Crawford & Associates, CPAs, P.C., an accounting firm in Oklahoma City. The firm specializes in providing auditing, consulting and accounting services solely to governmental entities and is a member of the AICPA and the AICPA Government Audit Quality Center. Over the last 36 years, Crawford & Associates has provided a variety of audit and accounting services to all sizes of government including many types of financial statement audits and attestation services, fraud investigations, internal control analysis, accounting policy and procedure development, outsourced internal auditing and internal monitoring, developing management anti-fraud programs and controls, quality assurance reviews, training and expert witness services. Crawford served as chairman of the AICPA Government Expert Panel from 2004-2008. He has been involved in a number of other AICPA committees and task force groups, U.S. Federal Government Agencies, various local and national CPA firms and a number of state societies.

More information coming soon!

Credits: 1.5 - Accounting Governmental

This session is available to registrants only.

Breakout Session

3:00pm - 4:15pm Single Audit and Uniform Guidance Update

More information coming soon!

Credits: 1.5 - Accounting Governmental

This session is available to registrants only.

3:00pm - 4:15pm Update on Legislation Related to OKC/ Town Agreed Upon Procedure Engagements

Frank Crawford III, President, Crawford & Associates, PC

Frank Crawford III

Frank Crawford, CPA, is president of Crawford & Associates, CPAs, P.C., an accounting firm in Oklahoma City. The firm specializes in providing auditing, consulting and accounting services solely to governmental entities and is a member of the AICPA and the AICPA Government Audit Quality Center. Over the last 36 years, Crawford & Associates has provided a variety of audit and accounting services to all sizes of government including many types of financial statement audits and attestation services, fraud investigations, internal control analysis, accounting policy and procedure development, outsourced internal auditing and internal monitoring, developing management anti-fraud programs and controls, quality assurance reviews, training and expert witness services. Crawford served as chairman of the AICPA Government Expert Panel from 2004-2008. He has been involved in a number of other AICPA committees and task force groups, U.S. Federal Government Agencies, various local and national CPA firms and a number of state societies.

More information coming soon!

Credits: 1.5 - Accounting Governmental

This session is available to registrants only.

Friday, May 3

General Session

8:00am - 9:40am GASB Update

Lisa Parker, Project Manager, Governmental Accounting Standards Board

Lisa Parker

Lisa R. Parker, CPA, CGMA, is a senior project manager with the Governmental Accounting Standards Board (GASB). Prior to joining the GASB, she worked for Runyon Kersteen Oiellette CPAs, served as the finance director and interim town manager for the Town of Old Orchard Beach, Maine and as finance director for the City of Saco, Maine. Parker has also previously served as president of the Maine Governmental Finance Officers Association.

  • Learn about the latest and greatest from GASB.
  • Gain an understanding of how to prepare for the forthcoming changes.
  • Gain an understanding of how these changes may effect your clients.

Credits: 2 - Accounting Governmental

This session is available to registrants only.

General Session

10:00am - 11:15am Deeper Dive into GASB Concept Statements

Lisa Parker, Project Manager, Governmental Accounting Standards Board

Lisa Parker

Lisa R. Parker, CPA, CGMA, is a senior project manager with the Governmental Accounting Standards Board (GASB). Prior to joining the GASB, she worked for Runyon Kersteen Oiellette CPAs, served as the finance director and interim town manager for the Town of Old Orchard Beach, Maine and as finance director for the City of Saco, Maine. Parker has also previously served as president of the Maine Governmental Finance Officers Association.

  • This session will cover the requirements of Statements 94 and 96 and the related similarities and differences between them and Good Ol' statement 87.
  • Identify the accounting and reporting changes that these standards will require, once effective
  • Distinguish what is similar and what is different between the requirements in these standards

Credits: 1.5 - Accounting Governmental

This session is available to registrants only.

General Session

12:00pm - 1:15pm State Auditor and Inspector Update

Cynthia Byrd, State Auditor, Office of the State Auditor & Inspector

Cynthia Byrd

Cindy Byrd , CPA, is Oklahoma’s 13th State Auditor & Inspector, the first woman elected to this statewide-elected office. Byrd has worked for the State Auditor’s office for 27 years and served as Deputy State Auditor and the Director for the County Audit Division. Cindy published close to 2000 audits some of which have garnered statewide and national attention. State Auditor Byrd serves as: Vice-Chairman on the Oklahoma State Pension Commission, Member of the State Board of Equalization, Chairman of the State Board of Equalization Sub-Committee, and Commissioner of the Commissioners of the Land Office. Cindy received the Dr. Tom Coburn Transparency in Government Award for mirroring his enduring legacy of championing government accountability and transparency.

State Auditor Cindy Byrd will discuss the issues found in SFY22 Federal Single Audit as well as give a brief update on recently released audits at the State Auditor’s Office. The presentation will uncover the State of OK’s lack of oversight related to the basic rules of subrecipient monitoring and administration of COVID FUNDS. The presentation will give several examples of how fraudulent behavior could have been prevented or limited.

Objectives:

  • The attendee will gain a better understanding of the Federal Single Audit
  • The attendee will gain an understanding of the subrecipient monitoring requirements for administering federal funds
  • The attendee will gain an understanding of basic internal controls that local governments should implement to prevent and/or detect misappropriation of funds.

 

Credits: 1.5 - Auditing Governmental

This session is available to registrants only.

Breakout Session

1:30pm - 2:45pm Deep Dive into Auditor Independence Issues

Frank Crawford III, President, Crawford & Associates, PC

Frank Crawford III

Frank Crawford, CPA, is president of Crawford & Associates, CPAs, P.C., an accounting firm in Oklahoma City. The firm specializes in providing auditing, consulting and accounting services solely to governmental entities and is a member of the AICPA and the AICPA Government Audit Quality Center. Over the last 36 years, Crawford & Associates has provided a variety of audit and accounting services to all sizes of government including many types of financial statement audits and attestation services, fraud investigations, internal control analysis, accounting policy and procedure development, outsourced internal auditing and internal monitoring, developing management anti-fraud programs and controls, quality assurance reviews, training and expert witness services. Crawford served as chairman of the AICPA Government Expert Panel from 2004-2008. He has been involved in a number of other AICPA committees and task force groups, U.S. Federal Government Agencies, various local and national CPA firms and a number of state societies.

More information coming soon!

Credits: 1.5 - Accounting Governmental

This session is available to registrants only.

1:30pm - 2:45pm GASB 87, 94, and 96 Common Errors and Misconceptions (Leases, p3s, SBITAs)

Christopher Pembrook, Shareholder, Crawford & Associates, PC

Christopher Pembrook

Chris Pembrook, CPA, MBA, CGAP, Cr.FA, is a shareholder at Crawford & Associates, CPAs, P.C., an accounting firm specializing in providing auditing, consulting and accounting services solely to governmental entities. He is currently serving as a member of the AICPA State and Local Government Expert Panel and the OSCPA Governmental Accounting and Auditing Committee. Pembrook was selected to serve on the joint COSO-ACFE-AICPA Task Force for the development of the group’s Fraud Risk Management Guide. He also served on the AICPA task force that helped establish the AICPA’s new single audit advanced expert certification program.

More information coming soon!

Credits: 1.5 - Auditing Governmental

This session is available to registrants only.

General Session

3:00pm - 4:15pm Panel Q and A

Christopher Pembrook, Shareholder, Crawford & Associates, PC

Christopher Pembrook

Chris Pembrook, CPA, MBA, CGAP, Cr.FA, is a shareholder at Crawford & Associates, CPAs, P.C., an accounting firm specializing in providing auditing, consulting and accounting services solely to governmental entities. He is currently serving as a member of the AICPA State and Local Government Expert Panel and the OSCPA Governmental Accounting and Auditing Committee. Pembrook was selected to serve on the joint COSO-ACFE-AICPA Task Force for the development of the group’s Fraud Risk Management Guide. He also served on the AICPA task force that helped establish the AICPA’s new single audit advanced expert certification program.

Frank Crawford III, President, Crawford & Associates, PC

Frank Crawford III

Frank Crawford, CPA, is president of Crawford & Associates, CPAs, P.C., an accounting firm in Oklahoma City. The firm specializes in providing auditing, consulting and accounting services solely to governmental entities and is a member of the AICPA and the AICPA Government Audit Quality Center. Over the last 36 years, Crawford & Associates has provided a variety of audit and accounting services to all sizes of government including many types of financial statement audits and attestation services, fraud investigations, internal control analysis, accounting policy and procedure development, outsourced internal auditing and internal monitoring, developing management anti-fraud programs and controls, quality assurance reviews, training and expert witness services. Crawford served as chairman of the AICPA Government Expert Panel from 2004-2008. He has been involved in a number of other AICPA committees and task force groups, U.S. Federal Government Agencies, various local and national CPA firms and a number of state societies.

Hear from a panel of local experts about hot topics and updates in the governmental and auditing space.

Credits: 1.5 - Auditing Governmental

This session is available to registrants only.

Non-Member Price $470

Member Price $370