Continuing Education

Governmental Accounting Conference


February 21, 2014 8:00am


February 21, 2014 4:30pm


Thanks to our Signature Sponsors:

Heinfeld, Meech & Co., P.C. and

Lumbard & Associates, PLLC


This conference is designed for CPAs, auditors and accountants in federal, state, local and Tribal governments, to provide insights and understanding on new developments in government accounting and auditing. 



7:15 - 8:00 On-Site Registration & Continental Breakfast

8:00 - 8:05 Welcome - Lisa Lumbard - Conference Committee Chair

8:05 - 9:00 The GASB:  What Does the Future Hold?
David Vaudt
The new GASB Chairman gazes into his crystal ball to give his perspective on what  the future may hold for the GASB and its stakeholders.  This session will address  expectations for the New Year including proposals on retiree healthcare benefits  and fair value reporting, the Board's work on the conceptual framework, and  continuing research as part of the financial reporting model reexamination.  In  addition, recent changes in how the GASB approaches potential topics also will be  explored.

9:00 - 9:20 Refreshment Break

9:20 - 10:45 Healthcare and AHCCCS
John Arnold and Tom Betlach
The November election results are in. What is on the horizon? Arnold will review where Medicaid fits in the overall budget from the national and local perspective.  He will also recap the Medicaid debate reviewing what options were available for policymakers and how the final decisions impact the budget and the program moving forward. Betlach will address AHCCCS and some of the trends nationally as well as in Arizona to make Medicaid more sustainable.  He will also provide an update on implementation of the Governor's Medicaid Restoration proposal and highlight other issues associated with AHCCCS and healthcare reform efforts.

10:45 - 12:00 GASB Update: What Do I Need to Know Now?
David Bean
Pensions are on nearly everyone's mind, but what else is out there that a practitioner needs to know in the world of governmental accounting and financial reporting.  How will the financial statements look with the two new elements?  What happens when two governments merge?  From deferrals to government combinations, recently issued GASB standards will be covered in this session.

12:00 - 1:30  Luncheon - Economic Development - Attracting Businesses to Arizona
Keynote: Michael Crow

1:35 - 2:55 Concurrent Sessions

A. The Current GASB Agenda: A Deeper Dive
David Bean
The GASB Chairman in his keynote address introduced a number of the agenda items that the Board is currently deliberating. This session takes a deeper dive into important issues that are on the GASB's technical agenda.  Retiree healthcare benefits, leases, and fiduciary activities are among the projects that will be covered.
B. A Look at the Ethical Issues in Government from 2012-2013
Marianne Jennings
We know 2001 (Enron, WorldCom, Tyco, HealthSouth) and 2008 (Lehman Brothers, Bear Stearns, WaMu, and a long, long list) as years when ethical lapses in business found us shaking our heads and asking, "What were they thinking?" The years that ran from 2012-2013 would be the equivalent for government. From the IRS targeting taxpayers to the concealment of contractor deficiencies to military bidding scandals, these were challenging times for government agencies. A look at what happened, why it happened, and how to prevent it from happening in the future.

C. Cloud Computing:  The Cloud Isn't Just Coming, It's Already Here!
Michael Nyman
Whether you realize it or not, your organization is probably already using "cloud based services".  Cloud computing has been around for several years now and is more than just another IT buzzword.  Learn more about cloud computing by understanding the benefits and risks associated with being in the cloud.

2:55 - 3:15 Refreshment Break

3:15 - 4:30 Concurrent Sessions

D. Big Changes on OMB A-133
Corey Arvizu
The U. S. Office of Management and Budget (OMB) recently issued its long-awaited grant reform rules.  The final grant reform rules have been published in a Federal Register exceeding 100 pages.  This session will provide both auditees and auditors with information to understand key elements of the new rules to help effectively implement the rules from both a compliance and audit standpoint.

E.  Implementing GASB's New Pension Standards: Reporting and Auditing Perspectives
Nancy Bennett and Donna Miller
Nancy Bennett, Arizona State Retirement System, and Donna Miller, Arizona Auditor General's Office, will provide their perspectives on implementation issues related to reporting and auditing Arizona's pension information, including the latest developments.

F. Economic Update: The Long, Slow Road to Recovery in Arizona
Dan Anderson
The recession reached its bottom in 2009, yet Arizona has recaptured less than half the jobs it lost after over four and a half years.  What can we expect in 2014 and beyond?  Will the boom return or is this the new normal?

Designed For



Lisa B. Lumbard, CPA, CGFM - Conference Chair - Lumbard & Associates, PLLC
Linda Blessing, PhD, CPA, CFE - Retired
Diane Groover, CPA, MBA - Pima Community College
Gary Heinfeld, CPA, CGFM - Heinfeld, Meech & Co., PC
Karen E. Johnson, CPA, CGFM - Arizona Dept. of Economic Security
Marilyn Mays, CPA - Henry & Horne, LLP
Keith Orr, CPA, CGFM - Retired
Jennifer Shields, CPA, CGFM - Heinfeld, Meech & Co., PC
A. Carter Smitherman, CPA - CliftonLarsonAllen LLP
Gerald Snyder, CPA, CGFM - Retired
Jaimie Soulvie, CPA, CGFM - Arizona Dept. of Transportation
Cheryl Toone, CPA, ARM - Arizona Dept. of Risk Management






Non-CPA Staff




Registrations are currently closed.

Registration Time


Course Category

Specialized Knowledge

Course Level



Arizona Biltmore
2400 E Missouri Ave
Phoenix, AZ 85016-3106
Map & Directions More In Phoenix


Arizona Society of CPAs More With This Vendor

Event Leaders

Bennett, Nancy E.
Rating: 4.72
More With Bennett, Nancy E.

Nancy Bennett, CPA MBA, has been the chief financial officer of the Arizona State Retirement System (ASRS) since 2003. She is a senior member of the ASRS management team and leads the Financial Services Division which is comprised of 60+ hard working associates. The Financial Services Division strives to ensure cost-effective and accurate administration and financial reporting of approximately $2 billion of annual pension contributions received and approximately $3 billion of annual benefit disbursements. The Financial Services Division is also responsible for ASRS data integrity. For the past year, Bennett has worked closely with the ASRS Executive Management, Controller, Assistant Controller, Actuary, External Auditors, Custodial Bank, and participating employers as well as the Auditor General’s Office, other governmental pension plans and national governmental accounting organizations to develop a GASB 68 implementation plan to help participating employers implement GASB 68 as seamlessly as possible. To borrow a common expression, it takes a village! If you are an ASRS participating employer, Bennett invites you to visit the ASRS’ website and view its GASB information page:

Bennett is a member of the AICPA, ASCPA, GFOA and P2F2.

Miller, Donna M.
Rating: 4.55
More With Miller, Donna M.

Donna Miller, CPA, is the director of the Professional Practice Group for the Arizona Office of the Auditor General responsible for the Office’s quality assurance and training functions. Her responsibilities include providing technical research and assistance, overseeing accounting and auditing standards implementation, and performing quality assurance reviews of audit reports and other publications. Miller began her career with the Office in 1994 and previously served as a Financial Audit Manager responsible for governmental financial and compliance audits as well as special Legislature-requested audits. She has been actively involved in a variety of accounting and auditing standards committees and work groups, including the National Association of State Auditors, Comptrollers, and Treasurers pension standards accounting and auditing work groups and has lead peer reviews of other state audit organizations. Miller graduated from the University of Arizona and has been a Certified Public Accountant since 1996.

Jennings, Marianne M.
Rating: 4.80
More With Jennings, Marianne M.

Professor Marianne Jennings is an emeritus professor of legal and ethical studies in business from the W.P. Carey School of Business at Arizona State University, having retired in 2011 after 35 years of teaching there. She continues to teach graduate courses in business ethics at colleges around the country, and returned to ASU to teach graduate courses in late 2013.

During Jennings's tenure at ASU, she served in many different capacities: director of the Joan and David Lincoln Center for Applied Ethics (1995-1999); faculty director for the MBA Executive Program (2006-2007); associate dean (1986-1987); chair of the University Hearing Board (1995-2011); and faculty athletic representative to the NCAA and PAC-10 (1986-1987).

Jennings earned her undergraduate degree in finance and her J. D. from Brigham Young University. Her internships were with the Federal Public Defender and U.S. Attorney in Nevada, and she has done consulting work for law firms, businesses and professional groups including AES, Boeing, Dial Corporation, Mattel, Motorola, CFA Institute, Southern California Edison, the Arizona Auditor General, the Cities of Phoenix, Mesa, and Tucson, the Institute of Internal Auditors, Coca-Cola, DuPont, Blue Cross Blue Shield, Motorola, Mattel, Pepsi, Hy-Vee Foods, IBM, Bell Helicopter, Amgen, Raytheon, and VIAD.

Jennings has authored hundreds of articles in academic, professional and trade journals. Currently she has six textbooks and monographs in circulation. The eighth edition of her textbook, Case Studies in Business Ethics, and the tenth edition of her textbook, Business: lts Legal, Ethical and Global Environment will be published in January 2014. Her first textbook, Real Estate Law, had its tenth edition published in January 2013. She was added as a co-author to Anderson's Business and the Legal Environment in 1997, a text whose 22st edition was published in January 2013. Her book, Business Strategy for the Political Arena, was selected in 1985 by Library Journal as one of its recommended books in business/government relations. A Business Tale: A Story of Ethics, Choices, Success, and a Very Large Rabbit, a fable about business ethics, was chosen by Library Journal in 2004 as its business book of the year. A Business Tale was also a finalist for two other literary awards in 2004. In 2000 her book on corporate governance was published by the New York Times MBA Pocket Series. Professor Jennings’ book on long-term success, Building a Business Through Good Times and Bad: Lessons from Fifteen Companies, Each With a Century of Dividends, was published in October 2002 and has been used by Booz, Allen, Hamilton for its work on business longevity. Her book on organizational ethical culture, The Seven Signs of Ethical Collapse was published by St. Martin’s Press and continues to be used by many organizations as a framework for assessing culture. Her books have been translated into five languages. Her latest book, Somewhere Between Ezekiel and Miss Havisham, a book of essays on grief, was published in 2012.

Jenning's columns have been syndicated around the country, and her work has appeared in the Wall Street Journal, the Chicago Tribune, the New York Times, Washington Post, and Reader's Digest. A collection of her essays, Nobody Fixes Real Carrot Sticks Anymore, first published in 1994 is still being published. She was given an Arizona Press Club award in 1994 for her work as a feature columnist. Jennings has been a commentator on business issues on All Things Considered for National Public Radio.

Jennnings has conducted more than 500 workshops and seminars in the areas of business, personal, government, legal, academic and professional ethics. She has been named professor of the year in the College of Business in 1981, 1987, 2000, and 2010 and was the recipient of a Burlington Northern teaching excellence award in 1985. In 1999, Jennings was given best article awards by the Academy of Legal Studies in Business and the Association for Government Accountants. She was given best article awards by the institute of Internal Auditors and Association of Government Accountants in 2001 and 2004. She was been a Dean's Council of 100 Distinguished Scholar from 1995-2011. In 2000, the Association of Government Accountants inducted her into its Speakers Hall of Fame. In 2005, she was named an All-Star Speaker by the Institute of Internal Auditors. In 2006, her article, “Ethics and Investment Management: True Reform,” was selected by the United Kingdom’s Emerald Management Review from 15,000 articles in 400 journals as one of the top 50 articles in 2005. She was named one of the Top 100 Thought Leaders by Trust Across America in 2010. In 2012 she was named one of the 100 Most Influential People in Business Ethics by Ethisphere magazine. In 2014, the Society of Corporate Compliance and Ethics honored her with its Outstanding Article award for her piece, “Ethics and Financial Markets: The Role of the Analyst.”

Jennings is a contributing editor for the Real Estate Law Journal, New Perspectives, The Smart Manager, and the Corporate Finance Review. She served on the Board of Editors for the Financial Analysts Journal from 2007-2012. She served as editor-in-chief of the Journal of Legal Studies Education during 2003-2004. During 1984-85, she served as then-Governor Bruce Babbitt's appointee to the Arizona Corporation Commission. In 1999 she was appointed by Governor Jane Dee Hull to the Arizona Commission on Character. From 1986-87, she served as ASU's faculty athletic representative to the NCAA and PAC-10. From 1999-2009 she served as president of the Arizona Association of Scholars.

Jennings is a member of twelve professional organizations, including the State Bar of Arizona, and has served on four boards of directors, including Arizona Public Service (now Pinnacle West Capital) (1987-2000), Zealous Capital Corporation, and the Center for Children with Chronic Illness and Disability at the University of Minnesota. She served as chair of the Bonneville International Advisory Board for KHTC/KIDR from 1994-1997 and was a weekly commentator on KGLE during 1998. Jennings was appointed to the board of advisers for the Institute of Nuclear Power Operators in 2004. She has appeared on CNBC, CBS This Morning, the Today Show, and CBS Evening News.

Personal: Married since 1976 to Terry H. Jennings, Maricopa County Attorney’s Office Deputy County Attorney; five children: Sarah, Sam, and John, and the late Claire and Hannah Jennings.

Bean, David R.
Rating: 4.90
More With Bean, David R.

David R. Bean is the director of research and technical activities for the Governmental Accounting Standards Board. He assigns and provides oversight to the GASB’s research, technical, and administrative activities.

Prior to joining the GASB in 1990, Bean worked in public accounting and government. His served as deputy chairman of the International Public Sector Accounting Standards Board (IPSASB) until December 31, 2012 and currently serves on the IPSASB Conceptual Framework task-based group. Bean was the lead author on the 1988 Governmental Accounting, Auditing and Financial Reporting and was the founder of the GAAFR Review. He was the last director of the National Council on Governmental Accounting before the formation of the GASB in 1984. David is a member of the Government Finance Officers Association, the Connecticut and Illinois Government Finance Officers Associations, the American Institute of Certified Public Accountants, the Illinois CPA Society, the Association of Government Accountants, the National
Federation of Municipal Analysts, and the Municipal Analysts Group of New York.

Arvizu, Corey
Rating: 4.56
More With Arvizu, Corey

Corey Arvizu, CPA, is a managing partner for the accounting firm Heinfeld, Meech & Co in Tucson, Arizona. While he specializes in audit services, Arvizu has also assisted our clients on several consulting engagements including readiness assessments for the new reporting model, cash and bank reconciliations, capital assets inventory and valuation, expenditure limitation reports, policy and procedural reviews, special investigations, and tax return preparation services for not-for-profit organizations. He has provided auditing and accounting services to cities and towns, school districts, grant schools, charter schools, insurance trusts, and not-for-profit organizations.

Arvizu currently serves on the Professional Ethics Executive Committee (PEEC) and the Professional Monitoring Task Force of the AICPA. He is the chairperson for the AICPA Task Force on the SEFA. Arvizu is a member of the Special Review Committee of the GFOA's certificate program. He is a question writer and reviewer for the AICPA's Uniform CPA examination and approved team captain for the Peer Review Program.

Arvizu received his Bachelors Degree in Accounting from Arizona State University. His past community involvement includes serving as the Treasurer for Bag It!, a Tucson nonprofit organization providing resources to cancer patients.

Anderson, Dan
Rating: 4.78
More With Anderson, Dan

Dan Anderson has been the Arizona Board of Regents, director for Institutional Analysis since mid year 2002. He is responsible for providing support to new and on-going research activities particularly in the data-intensive area of academic and student affairs to develop student longitudinal data systems. Working with the universities, he also coordinates the development and delivery of data required by the Board and by federal and state governments. He provides statistical support for various university/central office ad hoc committees and initiatives that require comprehensive data analysis including the Changing Directions initiative, University Redesign, 2020 Vision, University System Enterprise Initiative, workforce development, economic updates, impact analysis and the development of internal management information systems.

From 1975 through June 2002 Anderson held various positions at the Arizona Department of Economic Security with most of his time as Research Administrator. In that position he managed a combined research staff in labor market information, unemployment insurance, population statistics and state occupational information to minimize duplication and provide improved integration of services. This included a staff of over 40 professional, technical and clerical staff. Multiple grants and contracts with the US Census Bureau and the US Department of Labor, Bureau of Labor Statistics, and others provided an annual budget of approximately $3 million. He held monthly labor market press conferences, made presentations to various public and private groups, gave legislative testimony, and coordinated national initiatives.

In 1991, Anderson contracted with the International Labor Organization to provide consultant services in the Federated States of Micronesia as they developed their local labor market information systems. Individual states wanted to develop a coordinated statistical collection program. In 1993 he was part of a federal/state team with the Bureau of Labor Statistics to evaluate and recommend improvements in the developing economic and demographic statistical system of Hungary. This was funded by USAID to the US Department of Labor, Bureau of Labor Statistics.

Arnold, John
Rating: 4.80
More With Arnold, John

John Arnold, director of the Governor’s Office of Strategic Planning and Budgeting, started work for the State of Arizona in May 1997. The Governor's Office of Strategic Planning and Budgeting provides a central Executive branch resource for the compilation, analysis, and investigation of state fiscal matters. It advises the Governor in preparation of the Executive budget and advocates for that budget through the legislative process. The office assists and advises all entities of state government in budget development and execution. It also coordinates the process of defining state government programs, developing strategic plans, and measuring program performance to achieve desired results. The office is also responsible for fulfilling constitutionally and legislatively mandated reporting requirements related to the state budget.

Prior to his work with OSPB, Arnold served as the executive director of the School Facilities Board (SFB), a position he has held since October 2005. The SFB oversees the K-12 school facility system, which includes more than 120 million square feet of academic space. Under his guidance, the SFB successfully constructed 123 new schools, launched an energy efficiency program, completed a 21st century school analysis, and distributed more than $270 million in building renovation funds. During Arnold’s tenure, the SFB used both cash and debt financing to construct new schools and complete school renovations. He oversaw the issuance and maintenance of over $2.5 billion in school construction related debt.

In addition to his duties at the Board, Arnold served from 2006 to 2008 in the Governor’s Growth Cabinet reviewing and planning for long-term state infrastructure needs related to growth. He has also recently worked with the Governor’s Office of Economic Recovery overseeing the distribution of approximately $300 million in federal state fiscal stabilization funds.

Prior to his appointment as executive director, Arnold worked for the School Facilities Board as the Deputy Director of Finance. He served in this position from May 2000 through October 2005. As the deputy director, he oversaw all financial transactions, developed and implemented the agency budget, maintained project budgets, and tracked total project costs. During this time, the SFB completed the Deficiency Correction program, a $1.3 billion school renovation and modernization program.

Before joining the School Facilities Board, Arnold was the Education Manager in the Governor’s Office of Strategic Planning and Budgeting responsible for all K-12 and higher education budgets. He was with OSPB from June 1997 through May of 2000. Arnold rejoined the budget office in 2002 for a brief time to assist in a transition between budget directors.

Arnold has a Bachelor of Science in Accounting and Master of Science degrees in Accounting (Taxation) and Public Management from Brigham Young University.

Crow, Michael M.
Rating: 4.84
More With Crow, Michael M.

Michael M. Crow became the sixteenth president of Arizona State University on July 1, 2002. An academic leader and educator, designer of knowledge enterprises, and science and technology policy scholar, he is guiding the transformation of ASU into one of the nation’s leading public metropolitan research universities, an institution that combines the highest levels of academic excellence, inclusiveness to a broad demographic, and maximum societal impact—a model he terms the “New American University.” Under his direction the nation’s youngest major research institution and largest university governed by a single administration pursues teaching, research, and creative excellence focused on the major challenges of our time, as well as those central to the quality of life, sustainable development, and economic competitiveness of Arizona and the nation. He has committed the university to academic enterprise, transdisciplinarity, sustainability, social embeddedness, and global engagement, and championed initiatives leading to record levels of diversity in the student body.

Under his leadership ASU has established more than a dozen new transdisciplinary schools and large-scale research initiatives such as the Biodesign Institute; Global Institute of Sustainability (GIOS), incorporating the School of Sustainability (SOS); Complex Adaptive Systems Initiative (CASI); Flexible Display Center; LightWorks; and initiatives in the humanities and social sciences, including the Center for the Study of Religion and Conflict. During his tenure the university has nearly tripled research expenditures, completed an unprecedented infrastructure expansion, and announced the eight largest gifts in the history of the institution, including three $50 million gifts, endowing the W. P. Carey School of Business; Ira A. Fulton Schools of Engineering; and Mary Lou Fulton Teachers College.

Prior to joining ASU, Dr. Crow was executive vice provost of Columbia University, where he also was professor of science and technology policy in the School of International and Public Affairs. As chief strategist of Columbia’s research enterprise, he led technology and innovation transfer operations, establishing Columbia Innovation Enterprises (renamed Science and Technology Ventures), the Columbia Strategic Initiative Program, and Columbia Digital Media Initiative, as well as advancing interdisciplinary program development. He played the lead role in the creation of and served as the founding director of the Earth Institute at Columbia University, and in 1998 founded the Center for Science, Policy, and Outcomes (CSPO) in Washington, D.C., a consortium of scholars and policymakers dedicated to linking science and technology to optimal social, economic, and environmental outcomes. In 2003, CSPO was reconstituted at ASU as the Consortium for Science, Policy, and Outcomes, based in both Phoenix and Washington.

In national service, Dr. Crow has been an adviser to the U.S. Departments of State, Commerce, and Energy, and various defense and intelligence agencies on matters of science and technology policy related to intelligence and national security. A fellow of the National Academy of Public Administration, and member of the National Advisory Council on Innovation and Entrepreneurship and Council on Foreign Relations, he is the author of books and articles relating to the design and analysis of knowledge enterprises, technology transfer, sustainable development, and science and technology policy.

Vaudt, David A.
Rating: 4.71
More With Vaudt, David A.

David A. Vaudt was named chairman of the Governmental Accounting Standards Board effective July 1, 2013. He began working at the GASB with current Chairman Robert Attmore on May 13, 2013 to ensure a smooth transition to the chairmanship. Vaudt comes to the GASB after serving the past 10 years as Iowa’s elected state auditor. Prior to his election, he worked for 25 years in the Des Moines, Iowa office of KPMG LLP, including 13 years as an audit partner.

Vaudt has served as president of the National State Auditors Association, chair of the National Association of State Boards of Accountancy, and chair of the Iowa Accountancy Examining Board. He also served on the boards of numerous nonprofit service organizations in Iowa.

Vaudt, a graduate of Upper Iowa University, is a Certified Public Accountant.

Betlach, Thomas
Rating: 4.85
More With Betlach, Thomas

Thomas Betlach, director of AHCCCS reports to the Governor and is responsible for the health coverage of 1.3 million Arizonans at an annual cost of $8.5 billion. The agency administers multiple sources of governmental and private funds and is responsible for regulatory oversight and compliance of Medicaid managed care health plans and health care providers to assure quality of care, fiscal accountability and cost containment.

Betlach has more than 20 years of experience in Arizona State government, including five years of service as director of the Governor's Office of Strategic Planning and Budgeting (OSPB) under Gov. Jane Hull and nearly eight years of service as the AHCCCS deputy director, where he was responsible for overseeing the financial operations for the agency, the financial regulatory oversight of the contracted health plans, program rate setting, information technology, member services and program integrity functions.

Betlach earned his bachelor's degree in political science from the University of Wisconsin and his master's degree in public administration (MPA) with an emphasis in finance and budgeting from the University of Arizona.

Nyman, Michael S.
Rating: 4.71
More With Nyman, Michael S.

Michael S. Nyman, CPA, CISA, CISSP, CITP, CRISC is a Senior IT Assurance Manager for CliftonLarsonAllen. Mike has more than 17 years of experience in planning, developing, performing, supervising, and reviewing information system audits for external financial audits and co-sourced internal audit departments. This includes leading and managing Sarbanes/Oxley Internal Control audits from both management's assessment and the external audit. He has a working knowledge of the information systems auditing standards as published by the Information Systems Audit and Control Association. He has significant knowledge and experience with the concepts, terminology, capabilities, and application of business and control risk associated with various information systems architectures. Mike has an in-depth understanding of complex business processes with the underlying information security and control issues and is able to concisely and effectively communicate them to the internal and external parties. In addition, he has a well-rounded IT background of infrastructure and development management. Nyman also serves as chair of the Information Technology Steering Committee for the ASCPA.