This session will delve into the fundamentals with a comprehensive review of single audit basics, providing the latest insights. Stay ahead of the curve with a detailed update on the Bipartisan Infrastructure Law, exploring its impact on governmental accounting and auditing practices. This session will also provide invaluable knowledge on the 2024 Changes to Uniform Guidance and Compliance Supplement, essential for seamless compliance. A deep dive into Government Auditing Standards (Yellow Book Update), ensuring adherence to the latest regulations will also be discussed as well as invaluable tips for addressing common findings and developing effective strategies to enhance your auditing process. 

The session Deep-Dive on SAS 145 (Risk Assessment) will explain SAS 145 requirements related to auditor’s risk assessment procedures and the impact of the standard to the auditors. The session will address the concept and requirements related to understanding the entity and its environment, understanding the entity’s system of internal control, identifying and assessing the risks of material misstatement. The session will also discuss the element of scalability and professional skepticism when applying the standard. 

Learn about the latest Cyber threats facing CPA and Governmental agencies with specific examples of recent breach incidents. Gain an understanding of specific offensive and defensive measures an organization can take to increase their cybersecurity posture. 

Explore the intricacies of GASB 87 and its implementation for fiscal year-end 6-30-2022, unraveling the complexities of lease accounting standards and practical approaches for compliance. Gain a thorough understanding of GASB 96 and its implications for fiscal year-end 6-30-2023 and its implications. Additionally, gain invaluable insights into navigating Omnibus Implementation Guides, equipping you with the tools to streamline adherence to evolving governmental accounting standards. 

This session will provide an overview of upcoming GASB pronouncements set to take effect in the upcoming fiscal years. Dive into the intricacies of these pronouncements and gain a clear understanding of their implications for governmental accounting practices. Additionally, light will be shed on the projects currently on GASB's technical agenda, offering valuable insights into the direction of future accounting standards. 

It seems as though news about government frauds has become an almost daily occurrence. This timely presentation will describe frauds and embezzlements faced by California local governments. Kevin Harper, CPA, will present nine individual frauds and schemes he has investigated. For each fraud, he will discuss how the fraud occurred, how it was discovered, and how the government fixed their internal controls to assure such fraud will not happen to them again.