February 4, 2022 8:00am – 4:30pm Map & Directions 602-431-0001

Governmental Accounting Conference


Hear the latest on GASB, fraud and cybersecurity at the 2022 ASCPA Governmental Accounting Conference on Friday Feb. 4,2022 at the Desert Willow Conference Center. Your favorite local and national speakers and experts will assist you in discovering insights and understanding on new developments in governmental accounting and auditing.

Register on-line or by phone at 602-252-4144.

We will send a survey one week prior to the conference, so you may select your breakout sessions.


Desert Willow Conference Center
4340 E Cotton Center Blvd Ste 100
Phoenix, AZ 85040-8908

Registration Time



Non-CPA Staff:
Non-CPA Staff (100% club):
Non-CPA Staff (sole proprietor):
Specialized Knowledge


Conference Agenda 

Friday – February 4, 2022

8 – 9 a.m. | Fraudsters Never Let a Crisis go to Waste: COVID Fraud Schemes
David Cotton, CPA (in VA), CFE, CGFM, Cotton & Company LLP
When COVID hit, most of us saw disruption, pain, suffering and tragedy. Fraudsters saw opportunities and lots of them. Let’s explore some of the most audacious, daring, and “creative” ways that dishonest people tried, and in some cases succeeded, in exploiting the pandemic and our attempts to ameliorate it.

9 – 9:20 a.m. | Networking Break

9:20 – 10:50 a.m. | GASB Update
Alan Skelton, CPA (in GA), Director of Research & Technical Activities, Governmental Accounting Standards Board
David R. Bean, Director of Research & Technical Activities, Governmental Accounting Standards Board (retired)

This session will focus on three key areas. First, Skelton and Bean will discuss two major statements being implemented in the prior and current fiscal years, GASB 84 and 87, including typical implementation issues with these projects. Then, updates on newly issued projects and those close to completion with be shared. Finally, learn the status of the Financial Reporting Model and Revenue and Expense Recognition Projects.

At the end of this session, you will have a better understanding of the overall objectives of these projects, how they may impact the auditor and preparer communities, the timelines for effective dates and any repeated questions/inquiries from stakeholders.  

10:50 – 11:10 a.m. | Networking Break

11:10 a.m. – 12:10 p.m. | Concurrent Sessions 1  

A. Single Audit Update
Brittney Williams, CPA, CGFM, HeinfeldMeech

The Pandemic funding is unprecedented in Single Audit history. There are many new challenges related to Single Audits and the requirements change frequently. This session will cover the most recent and relevant updates from the 2021 OMB Compliance Supplement, present a summary of COVID-19 funding and related challenges and provide tips and resources. Additionally, attendees will gain an understanding of what auditors will be testing, SEFA presentation and related note disclosure requirements and tips.

B. Cyber Fraud Against Government – What You Can Do Now
Kenny Kang, CPA (in CA), CGMA, CFE, Kenny Kang CPA

During this session, you will learn about the current cyber threat landscape. We will survey a number of cyber incident reports, including the 2021 Verizon Data Breach Investigations report and the 2021 IBM Cost of Data Breach Report. We will also dive into some of the more recent cyber incidents resulting from ransomware attacks, including its ever-changing evolution. By taking an in-depth study of a recent string of ransomware attacks, such as SolarWinds and Colonial Pipeline, we will reflect the importance of having a good cybersecurity posture within your organizations. We will end our discussion with some of the best practices to fight against cyber threats that your organization can put into action immediately.

C. Post COVID Workplace – Managing Remote Employees and Returning to the Office
Panel Discussion TBA

12:10 – 12:20 p.m. | Networking Break

12:20 – 1:20 p.m. | Lunch Session: Future of Government Accounting Standards
Joel M. Black, CPA (in GA), Chair, Governmental Accounting Standards Board

This session will provide the Chair of GASB’s view of the future of government financial reporting. The focus will be on the impact of technology on the consumption of government financial information and how possible changes impact standard setting. The session will also describe how the GASB is utilizing technology to change its own processes and interactions with stakeholders.

1:20 – 1:40 p.m. | Networking Break

1:40 – 2:40 p.m. | Concurrent Sessions 2 

A. Arizona Pension Best Practices & Strategies
Mark Reader, Managing Director, Stifel, Nicolaus & Company 
Omar Daghestani, Managing Director, Stifel, Nicolaus & Company

Join Reader and Daghestani for a discussion on the different options and approaches issuers can consider in managing pension liabilities along with best practices across both Arizona and the Nation in regard to pension management. Additionally, Reader and Daghestani will share their outlook on the future of PSPRS and ASRS’s liabilities, including relevant GASB guidance related to pension bond transactions completed in the state of Arizona.

B. White Collar Crime: What Every CPA Should Know
David Cotton, CPA (in VA), CFE, CGFM, Cotton & Company LLP

According to the FBI, “white-collar crime is … synonymous with the full range of frauds committed by business and government professionals … characterized by deceit, concealment, or violation of trust …. The motivation behind these crimes is financial—to obtain or avoid losing money, property, or services or to secure a personal or business advantage.” CPAs can and should play a crucial role in preventing and detecting white collar crime, as well as in prosecuting the perpetrators. This session will explore whether we are up to this challenge, heighten awareness regarding the CPA’s role as a front-line defender of the public interest and assess whether we are deserving of the public trust we enjoy.

C. ARPA Funding and Compliance
Jay Z. Parke, CPA, CGFM, Walker & Armstrong

The session will assist you with understanding the objectives of the Coronavirus Local Fiscal Recovery Fund established by the American Rescue Plan Act including the provisions of the Interim Final Rule and Frequently Answered Questions (FAQs). You will gain an understanding of the key differences between the Coronavirus Local Fiscal Recovery Fund and the Coronavirus Relief Fund established under the CARES Act. After attending the session, you will have practical guidance to assist in decision making during the budgeting and expenditure of your allocation of the ARPA funding.

2:40 – 3 p.m. | Networking Break

3 – 4:30 p.m. | Economic Update
Jim Rounds, Rounds Consulting Group, Inc.  
Current economic conditions will be reviewed with emphasis on the recent recession, how public policy will impact the economy and what your economic future might look like.


Thank You to Our Sponsors

Platinum Sponsor


Gold Sponsor

CLA (CliftonLarsonAllen)

Sponsorship opportunities are available. For details, contact Heidi Frei, MBA, ABC, Senior Director of Marketing & Membership at (602) 324-4743 or at hfrei@ascpa.com

Designed For

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

Event Leaders

Kang, Kenny

Rating: 0.00

Kenny Kang is a Certified Public Accountant (CPA), Chartered Global Management Accountant (CGMA) and Certified Fraud Examiner (CFE). He has over 18 years of public and industry experience. He specializes in forensic accounting, fraud examination, and fraud prevention & detection.

With over 80 civil, criminal and investigative cases, Kang has acquired a wealth of forensic techniques and experience in fighting fraud. He specializes in complex business disputes involving accounting matters. Kang has previously testified as expert witness at the Los Angeles Superior Court and at arbitrations. He received high recommendation from the Law Offices Los Angeles County Public Defender in 2009.

Kang also has a passion for cybersecurity and has been presenting cybersecurity related topics since 2016. He received the Cybersecurity Fundamentals for Finance and Accounting Professionals Certificate and the 2019–20 Digital Mindset from the AICPA in 2018 and 2019.

Kang provides consultation services in fraud risk assessment, internal controls assessment, accounting processes review, cybersecurity for CPA firms (IRS Form W-12) and organization-wide training.

More With Kang, Kenny

Williams, Brittney

Rating: 4.30

Brittney Williams, CPA, CGFM is a Partner for the public accounting firm HeinfeldMeech where she is involved with developing and monitoring the Quality Control policies and procedures for the firm. She currently manages audit services for municipalities, school districts, transportation authorities and non-profits.

Williams speaks frequently for HeinfeldMeech, several State CPA societies and AICPA Conferences on topics including GASB pronouncements, auditing standards, Government Auditing Standards and Single Audits. She has worked in the single audit environment for 16 years and has assisted clients and other professionals with single audit implementation matters.

Williams is also a peer reviewer of firms enrolled in the AICPA Peer Review Program and is currently serving on the AGA Financial Management Standards Board and the AICPA Technical Issues Committee.

More With Williams, Brittney

Rounds, Jim

Rating: 4.63

Jim Rounds is President of Rounds Consulting Group. The firm specializes in economic development and tax policy analysis; education research; transportation economics; fiscal planning including revenue forecasting and budget development; strategic planning and marketing; impact and market studies; and litigation support.

Mr. Rounds regularly provides advice to policymakers at the State Capitol, mayors throughout the state as well as city council members, county board members, and other public and private sector leaders in the community. He has delivered hundreds of economic presentations throughout Arizona and is quoted weekly on television, radio, and in printed media.

Mr. Rounds specializes in using proper analysis and communication to bridge political gaps. For example, Jim is a Senior Fellow at the Goldwater Institute; a board member of the Maricopa County IDA; and advisor to education focused groups including the Helios Education Foundation, Achieve 60 AZ, the Rodel Foundation, the Arizona Board of Regents, and the various state universities, among others. Jim is also the lead economist for multiple rural and urban area healthcare and hospital associations.

Other areas of recent study include advanced workforce analysis; minimum wage impact analysis; State Trust Land finance; public employee pension reform; utility infrastructure investment; and state and local area tourism planning.

Recently, Jim has been supporting the concept of “growing from within,” which includes efforts to better understand small business development issues, and strategic investment in education and workforce training. Jim is a lead member of the Joint Legislative Budget Committee’s Finance Advisory Committee, and has served on scores of committees and task force efforts at both the state and local levels.

Mr. Rounds began his career as a Senior Economist and Senior Budget Analyst with the Arizona Joint Legislative Budget Committee, and has been engaged in policy related economics for more than two decades. Jim has a Bachelor of Science degree and a Master of Science degree in Economics from Arizona State University.

More With Rounds, Jim

Skelton, Alan

Rating: 0.00

Alan Skelton, CPA (in Georgia) was named director of research and technical activities of the Governmental Accounting Standards Board (GASB), effective April 1, 2021. In his role as GASB director, he leads the staff and serves as the principal advisor to the chair and Board.

Immediately prior to joining the GASB, Skelton was the state accounting officer for the state of Georgia, a position he was initially appointed to by the governor in 2012. He was reappointed to the role in 2019. As state accounting officer, Skelton provided accounting leadership for the state of Georgia, including oversight of statewide financial reporting, issuing accounting policy and application interpretations of Generally Accepted Accounting Principles and implementing business process improvements. He served as deputy state accounting officer from 2009 to 2012. Previously, Skelton had more than a decade of experience in public accounting, primarily with Ernst & Young.

Skelton served on the GASB’s advisory council—the Governmental Accounting Standards Advisory Council—from 2015 to 2021, including as its vice chair since 2018. He is a graduate of Florida State University and a certified public accountant.

More With Skelton, Alan

Daghestani, Omar

Rating: 0.00

Omar Daghestani leads Stifel’s Chicago and Boston offices, and has senior managed transactions totaling $28.1 billion for issuers including the States of Illinois, Iowa, Kansas, Kentucky, Minnesota, Wisconsin, as well as many local
Arizona municipalities.

Daghestani leads the firm’s pension efforts and has served on Arizona pension financings in the State dating back to July 2020, totaling over $1.25 billion. In the process, he has developed strong relationships with the rating agencies and is an expert in communicating the benefits of issuing pension bonds to them, despite their pre-established skepticism over pension bonds. His longstanding experience with pensions and the nuances of issuing taxable deals has left him well equipped to deliver the information to present a pension bond as a proactive approach to funding the UAAL.

Daghestani is a regular speaker at industry conferences, on pension, OPEB, GASB and other matters, serves as a guest lecturer on public finance at Harvard’s Kennedy School of Government.

More With Daghestani, Omar

Reader, B. Mark

Rating: 0.00

Mark Reader has been a municipal bond investment banker for over 30 years in Arizona. He represents a multitude of issuers in connection with the issuance of their debt obligations as a financial advisor or underwriter.

As a result of the significant number of diverse transactions and clients around the state, Reader has considerable experience as a practitioner in Arizona relative to the continuing disclosure and other related bond issuance transactions both on a tax-exempt and taxable basis.

Most recently, Reader has helped lead the Firm’s Arizona Pension Restructuring Bond practice assisting approximately 40 issuers with their public policy decisions to address their Tier 1 and Tier 2 PSPRS Unfunded Liabilities. Reader holds a bachelor of science in Accounting and Finance from the University of Arizona and begin his career in the public accounting industry.

More With Reader, B. Mark

Black, Joel M.

Rating: 0.00

Joel Black was named chair of the GASB effective July 1, 2020. His seven-year term concludes June 30, 2027.

Prior to joining the GASB, Black was the partner in charge of the audit practice at the accounting firm Mauldin & Jenkins, LLC, in Atlanta. In that capacity, he oversaw the audit practice of the firm’s eight offices throughout five states, including the work of more than 300 employees. Black also led the firm’s government professional practice group covering more than 400 public sector clients. He led engagements for diverse government clients from communities of fewer than 10,000 residents to states and state agencies, large counties and cities, school districts and special-purpose entities with multibillion-dollar budgets.

Black joined Mauldin & Jenkins in 2004 as a director. He was named partner in 2005 before his appointment to partner in charge of the audit practice in January 2019. Previously, he worked for KPMG LLP from 1992 to 2004.

Black has been active in numerous professional activities concerning government accounting. He was appointed to the GASB’s Governmental Accounting Standards Advisory Council (GASAC) in 2019. He served on the American Institute of Certified Public Accountants’ (AICPA) State and Local Government Expert Panel from 2015–2019 and its Government Audit Quality Center Executive Committee from 2012–2015.

Black, a graduate of Georgia State University, is a certified public accountant.

More With Black, Joel M.

Bean, David R.

Rating: 4.65

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, Mr. Bean worked in public accounting and government. He also has served as Deputy Chairman of the International Public Sector Accounting Standards Board (IPSASB). He 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.

Mr. Bean 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.

More With Bean, David R.

Cotton, David L.

Rating: 4.75

Dave Cotton is chairman of Cotton & Company LLP, Certified Public Accountants, headquartered in Alexandria, Virginia. The firm was founded in 1981 and has a practice concentration in assisting federal and state government agencies, inspectors general and government grantees and contractors with a variety of government program related assurance and advisory services. Cotton & Company has performed grant and contract, indirect cost rate, financial statement, financial related and performance audits for more than two dozen federal inspectors general as well as numerous other federal and state agencies and programs.

Cotton & Company’s Federal agency audit clients have included the U.S. Government Accountability Office, U.S. Navy, U.S. Marine Corps, U.S. Transportation Command, U.S. House of Representatives, U.S. Capitol Police, U.S. Small Business Administration, U.S. Bureau of Prisons, Millennium Challenge Corporation, U.S. Marshals Service and Bureau of Alcohol, Tobacco, Firearms and Explosives. Cotton & Company also assists numerous federal agencies in preparing financial statements and improving financial management, accounting and internal control systems.

Cotton received a bachelor's degree in mechanical engineering (1971) and an MBA in management science and labor relations (1972) from Lehigh University in Bethlehem, PA. He also pursued graduate studies in accounting and auditing at the University of Chicago Graduate School of Business (1977 to 1978). He is a Certified Public Accountant (CPA) in Virginia, Certified Fraud Examiner (CFE) and Certified Government Financial Manager (CGFM).

Cotton served on the Advisory Council on Government Auditing Standards (the Council advises the United States Comptroller General on promulgation of Government Auditing Standards — GAO’s yellow book) from 2006 to 2009. He served on the Institute of Internal Auditors (IIA) Anti-Fraud Programs and Controls Task Force and co-authored Managing the Business Risk of Fraud: A Practical Guide. He served on the American Institute of CPAs Anti-Fraud Task Force and co-authored Management Override: The Achilles Heel of Fraud Prevention. Cotton is the past-chair of the AICPA Federal Accounting and Auditing Subcommittee and has served on the AICPA Governmental Accounting and Auditing Committee and the Government Technical Standards Subcommittee of the AICPA Professional Ethics Executive Committee. Cotton chaired the Fraud Risk Management Task Force, sponsored by COSO and ACFE and is a principal author of the COSO-ACFE Fraud Risk Management Guide.

Cotton was the recipient of the ACFE 2018 Certified Fraud Examiner of the Year Award (“presented to a CFE who has demonstrated outstanding achievement in the field of fraud examination … based on their contributions to the ACFE, to the profession, and to the community”); AGA’s 2012 Educator Award (“to recognize individuals who have made significant contributions to the education and training of government financial managers”); and AGA’s 2006 Barr Award (“to recognize the cumulative achievements of private sector individuals who throughout their careers have served as a role model for others and who have consistently exhibited the highest personal and professional standards”).

More With Cotton, David L.


Committee Chair: Vanessa Burke, CPA CPFO, The Pun Group, LLP

Conference Committee Members:
Michael D. Baumert, Arizona State University
Levi D. Gibson, City of Glendale
Elisa K. Gin, City of Mesa Transportation Department
Gary Heinfeld, Heinfeld, Meech & Co., P.C.
Brian J. Hemmerle, Henry+Horne
(Ben) Hyungju Hur, Fester & Chapman, PLLC
Keith J. Orr, Retired                
Jennifer L. Shields, Heinfeld, Meech & Co., P.C.
Gerald E. Snyder, Retired            
Jaimie L. Soulvie, Retired            
Cheryl Toone, Arizona Dept. of Risk Management

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