Description

June 5, 2012 - Conference: 8:30 am - 4:55 pm 
                      Reception sponsored by George K. Baum & Company: 4:55 - 5:30 pm

June 6, 2012 - Conference: 7:45 am - 4:20 pm

Steering Committee:
Mark W. Dick, CPA, Chair, Executive Vice President, Allen Gibbs & Houlik, L.C., Wichita
Steve J. Anderson, CPA, Director, Kansas Division of Budget, Topeka
Melinda A. Hitz, CPA, CGMA, Finance Director, City of Garden City
Marshall Q. Hull, CPA, Partner, Regier Carr & Monroe, L.L.P., Wichita
Nicholas J. Novelly, CPA, Managing Shareholder, Reese & Novelly, P.A., Wamego
Mary R. MacBain, CPA.CITP, CGMA, President/CEO, Kansas Society of CPAs, Topeka

Click here for a schedule of events and speaker bios.

The KSCPA Governmental & Nonprofit Accounting & Auditing Conference is an annual event and the largest conference held by the KSCPA. Participants are from all around the state and work in public practice, business, industry, government, and nonprofit. Public practice auditors who perform governmental and nonprofit audits make up the largest group of participants. The conference includes exhibitors and networking opportunities throughout the conference.

Highlights

Tuesday Sessions (Day 1) - Mix it Up - Yellow Book and General

Jeff Lanza, Retired FBI Special Agent, Professional Speaker, "How to Prevent the Extinction of the Ethical Business Leader" (2 Hrs Ethics) This presentation will help businesses to develop, inspire and maintain a culture of integrity in their organizations. While chronicling failures of integrity from the cubicle to the corner office, Mr. Lanza provides a positive framework for hiring employees with high integrity and creating an environment which helps ensure that company personnel maintain their moral compass. Real FBI case examples help explain the root causes of unethical behavior and to facilitate the achievement of corporate goals at all levels with employee's morality and integrity intact.
 
Alan W. Anderson, CPA, President, AccountabilityPlus, LLC, "Driven by Checklists or Professional Judgment?"
Are you frustrated with how much time gets put into an audit engagement? Do you fell stuck because checklists seem to have taken precedent over professional judgment?  There ARE better ways to approach the audit process. This session will push the auditor's thinking beyond the forms toward common sense ideas and sound professional judgment that can enhance both audit efficiency and audit effectiveness.
"Bringing the Profit Back into the Nonprofit Audit Practice" One significant stumbling block to audit success and profitability is poor audit workflow.  This session offers implementable ideas in the audit process to improve workflow.  The auditor will be asked to reflect on the roadblocks in their current workflow that impact the auditor's ability to complete the audit on time.  The session will then draw a parallel between improved workflow and efficiency in the audit process.  This session will highlight immediately implementable solutions that will result in improved efficiency and a reduction in total time required to complete the audit.

Tim Hall, CPA, RubinBrown,  "Practical Applications of Advanced Analytics" This session is targeted to both internal management and those in public practice focused on improving their approach to analytical evaluations. During the session, Tim will provide an overview of the steps needed to implement a data analysis program, the types of data analysis tools available for use, and the different types of procedures to be performed. In discussing the different types of procedures, Tim will provide attendees with real-life examples of how data analysis can be used to identify key operational issues, improve audit efficiency, and provide value-added comments to management and stakeholders.

Bruce Truitt, National Consultant & Trainer in Sampling and Applied Statistics, "How to Get the Most from A-133 Sampling" (YB) This session will help you know what you are doing and why you are doing it with A-133 samples.
"Ok, I've Tested my Sample - Now What" This session demonstrates & discusses the 6 AICPA methods used to extrapolate sampling results.

Michael A. (Mike) Crawford, CPA, Crawford & Associates, PC, "OCBOA after the Clarity Project" In this session, the author of the AICPA's OCBOA Practice Aid for State and Local Governments will help participants prepare for the new standards and guidance for preparing and reporting on OCBOA financial statements resulting from the issuance of the new Statements on Auditing Standards released under the AICPA's Clarity Project and the upcoming 2012 edition of the AICPA Practice Aid.

Wednesday Sessions (Day 2) - Yellow Book Heavy
 
Alan W. Anderson, CPA, President, AccountabilityPlus, LLC,  "Audit Excellence" When the "new" risk-based audit standards came out, the profession apparently concluded that audit risk was a new concept. This resulted in most firms over implementing those new standards which added significant time to the audit with little or no perceived benefit. This session works to take the mystery out of the standards and offers suggestions for the practical application of audit standards for smaller lower risk audits to maximize efficiency, while maintaining and/or improving the audit quality.
"NEW RULES: Advanced A-133 Update" (YB / Ethics)  The Government Accountability Office (GAO) revised the Government Accounting Standards (GAS or "Yellow Book") in December 2011. The new standards include changes to clarify and harmonize the Yellow Book with existing AICPA standards. One of the key changes under the new framework is the requirement for auditors to identify threats to independence and then assess the significance of those threats. This session will discuss the new Yellow Book rule and discuss specific examples concerning auditor independence issues.

D. Scot Loyd, CPA, Member, Swindoll, Janzen, Hawk & Loyd, LLC and Michael A. (Mike) Crawford, CPA, Crawford & Associates, PC, "KMAAG: The Times they are a Changing" (YB)  This session reviews all of the changes that are being proposed in the 2013 KMAAG, effective after December 31, 2012. Scot will review all of the changes and seek suggestions from the participants to consider prior to final publication.

Steve Anderson, CPA, Budget Director, State of Kansas, "What if governmental entities were really using GAAP for budgeting & financial reporting?  This section deals with the continuing evolution of governmental accounting as a reporting and management medium.  Emphasis is on providing an additional tool for both elected officials and the constituencies they represent without creating significant additional time or expense for the reporting entity.  (YB)

Dale M. Dennis, Kansas Department of Education, "School Finance Law Update" (YB)

D. Scot Loyd, CPA, Swindoll, Janzen, Hawk, & Loyd, LLC, "How to Handle the Nuts & Bolts of the New KMAAG" (YB)
Scot, as a member of the KMAAG Board of Editors, allows each of you to pull out your "wrenches" and apply the pressure to Nuts and Bolts of the New KMAAG reporting model.  He visits the changes that are proposed and reflected in a live example of the KMAAG financial statement, notes to the financial statement, and schedules that accompany the new KMAAG model.  Your questions and observations on the example of the new KMAAG reporting model are very much appreciated. 

Wendell E. Conner, "HUD Update on Multifamily and Public Housing"  This session covers matters relevant to audits of HUD assisted multifamily property owners and public housing agencies including HUD's asset management requirements; HUD Handbook 2000.04; and OMB Circular A-133. Also learn about common issues identified by HUD reviews of audited financial statements. (YB)
  
Shelly L. Hammond, CPA, Vice President, Allen Gibbs & Houlik, L.C., "Applying A-133 to Nonprofit and Governmental Organizations" (YB) Learn the latest requirements of OMB Circular A-133 and conducting Single Audits for governments and nonprofit organizations.  This session will include an overview of guidance for planning and performing A-133 audits, including the determination of major programs, procedures for the Schedule of Expenditures of Federal Awards, sampling and tests of controls and compliance, and reporting findings.  Discussion will also include the most recent guidance relating to changes in the OMB Circular A-133 Compliance Supplement, and proposed changes under discussion by the GAO / OMB.

Objectives

Designed to allow participants to take a breather from the challenges of the economy and to regain a positive outlook on the future which holds a multitude of opportunities for CPAs.  Improving processes, understanding the current issues, and enhancing communications are covered in the topics presented by outstanding practitioners and educators.