Date: April 24 - 25, 2024
Time: 8:30 a.m. – 4:30 p.m. PT
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.
Please note, agenda and/or speakers are subject to change.
1000003050
Virtual
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.
Accounting (Governmental)
Update
Working knowledge of school district auditing.
None
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.
California Department of Education School Fiscal Services Division staff will provide a brief overview of the Proposition 28 Arts and Music in Schools program specifically focused on its various requirements and how those are to be implemented within the annual audit, beginning with the 2023-24 fiscal year audits.
The SCO’s update will include an overview of the K-12 Audit Guide changes in required audit procedures for fiscal years 2023-24 and 2024-25, and an update on the Local Education Agencies (LEAs) and School Facilities Program reports certification process, reports certification statistics, and common report deficiencies.
A high-level overview of the School Facility Program and Full Day Kindergarten audit process. The presentation will walk you through the basic audit requirements, what audit guide is used during the audit, the types of audits that are done and some of the common problem areas you may encounter.
This session will cover the State Audit Guide compliance section specifically for charter schools. In addition, we will cover the ASC 842 lease considerations for year 2 and beyond which discusses lease modifications. Lastly, we will touch on the new accounting standard for the current expected credit loss (CECL) implementation and some common disclosures that could be required for charter schools.