Governmental Accounting Conference
February 21, 2014 8:00am
February 21, 2014 4:30pm
Thanks to our Signature Sponsors:
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?
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?
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
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
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!
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
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
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?
CONFERENCE PLANNING COMMITTEE
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