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School Districts Virtual Conference | 1000001990

April 18, 2023 | 8:30 a.m. PT – April 19, 2023 | 4:30 p.m. PT

CPE: 11
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Financial professionals handling internal or external audits of school districts must be aware of the current accounting and auditing challenges. Gain insights on the latest industry developments, updates about financial statements/internal controls and challenges surrounding school district compliance. You'll receive practical guidance from industry leaders who provide real-life examples regarding issues impacting school districts.

  • Product Code


  • Credit Type
    CPE: 11
  • Format


  • Intended Audience

    Senior-level staff and partners responsible for school district audits, large-district business staff, school district fiscal directors, county office business officials and school board members.

  • NASBA Field of Study

    Accounting (Governmental)

  • Level of Difficulty


  • Prerequisites

    Working knowledge of school district auditing.

  • Advance Preparation


Learning Objectives

Identify the impact of key updates from the California Department of Education and California State Controller.

Recognize key changes in school district audits.


8:30–9:20 a.m. PT
  • Single Audit Update

    Join us as we present important updates and reminders to take into consideration as you start planning your 2023 single audits. We’ll cover a number of updates from the industry as well as some common findings and pitfalls you may encounter during this year’s single audit. 

    Topics covered: 

    • COVID-19 and Infrastructure Act grants update 
    • 2023 Compliance Supplement insights 
    • Data Collection Form submission changes 
    • Common findings and pitfalls 
    Tammy EricksonMatthew Dinsdale
9:20–10:10 a.m. PT
  • SAS 142-145 Relating to Risk Assessment Audit Evidence and Specialists

    There have been fundamental shifts in the most basic concepts of auditing in the past several years; most notably risk assessment and audit evidence. This session will focus on the impact of the most recent auditing standards to auditors and their audits.  

    Topic covered in this session include:

    • A basic understanding of the scope of new auditing standards  
    • How each standards is impacting audits today and tomorrow  
    • Tips and tricks for implementation 
    Danielle Supkis Cheek
10:10–10:20 a.m. PT
  • Break

10:20–11:10 a.m. PT
  • Internal Control Considerations

    Local governments are facing increasing difficulty to maintain strong internal controls due to staff shortage, high turnover, and changing working arrangements. This session will discuss common pitfalls of internal control and provide practical tips on how to improve from both financial and cybersecurity perspectives. Audience participation and questions will be encouraged.   

    Topics covered: 

    • Briefly discuss concept of internal control 
    • Overview of the five components of the COSO framework 
    • Common pitfalls of internal control for financial activities and cybersecurity, and tips for improvements 
    Katherine Wingka Yuen KrischDonald Hester
11:10 a.m.–12:25 p.m. PT
  • GASB 96, 94, and 87

    Topic covered in this session include:

    • Subscription based IT arrangements 
    • What we learned from GASB 87 
    • Focus on GASB 96 and GASB 94 
    David George Bullock
12:25–12:55 p.m. PT
  • Lunch

12:55–2:10 p.m. PT
  • GASB Update

    This session will give an overview of the GASB pronouncements that become effective in the coming fiscal years. The session also will explain some of the projects on GASB’s current technical agenda. 

    Topics covered: 

    • Statements 94 and 96 
    • Recently issued Statements 99, 100, and 101 
    • Current technical agenda projects including the Financial Reporting Model Improvements Project and the Revenue and Expense Recognition Project  
    Lisa Parker
2:10–3 p.m. PT
  • How to Spot and Stop Fraud

    This session addresses fraud detection and prevention and focuses on tasks, activities and personalities that statistically are most likely to be exploited and exploitive. Additionally, this session will identify the controls needed to thwart fraudsters because 'trust is not an effective control."

    Peter Mark Hughes
1–1:50 p.m. PT
  • CDE Update

    Topics in this session include:

    • New funding sources, what’s allowable, and how to audit them 
      • Categorical allocation 
      • Changes in audit guide 
    • New SACS software 
      • What it looks like; how to access; tips and tricks 
      • Clients needing to provide access 
      • Intro on resources 
        • Most used reports auditors want to know 
        • Which areas are extracting information and which are manually input by the client 
    • When is CDE publishing the new CSAM 
    Christine Marie Davis
    Julie Klein Briggs
    Raquel Tucker
1:50–2:15 p.m. PT
  • State Controller’s Update. K-12 Audit Guide and Report Certifications

    The SCO’s update will include an overview of the changes to required audit procedures for fiscal year (FY) 2022-23 and FY 2023-24 in the K-12 Audit Guide, and an overview of the local educational agencies (LEAs) and School Facilities Program report certification process, report certification statistics, and common report deficiencies. 

    Topics covered:  

    • K-12 Audit Guide changes for FY 2022-23  
    • K-12 Audit Guide changes for FY 2023-24 
    • LEA audit report certification statistics 
    • School Facilities Program performance audits 
    • Avoiding report rejections 
    • Available resources 
    Keith JungIryna Bush
2:15–2:25 p.m. PT
  • Break

2:25–3:40 p.m. PT
  • Auditor’s Perspective of Updated State Compliance Guide

    This session will dive into the audit guide and provide practical suggestions and information to assist with state compliance and proposition 39 bond audits. 

    Topics covered include: 

    • State Compliance Best Practices 
    • Auditor's Perspective on Updated Audit Guide 
    • Prop 39 Bond Performance Audit Best Practices 
    Aubrey W. Mann
3:40–4:30 p.m. PT
  • Charter School Update

    Topics covered include:

    • FASB lease standards for charter schools 
    • Revenue recognition standards and how it affects SB 740 
    Marcy Kearney
    Vanessa Pineda

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