Local Government Conference

When
July 15 - July 16
8:30 a.m. - 4:50 p.m.

Where
Hershey Lodge
Hershey - Map it

CPE Credits
16-A&A

Details

 Pricing

PICPA Member: $455 | Nonmember: $555

CLE Credit Add-On: $50


 More Information

Course No.
708900
Level
Update
Prerequisites
You will receive your course materials one week prior to the course start date. Please download them prior to your arrival at the course.
Note

Staying over?

  • Please contact the Hershey Lodge at (717) 533-3311 by June 14 to receive a discounted rate of $255 single/double. Identify yourself as a PICPA conference participant to receive rate. Rate is not guaranteed after June 14.

Additional Credits

  • Yellow Book: This conference qualifies to fulfill 16-GAO Yellow Book requirements.
  • CLE Credits: This conference qualifies for 13 Substantive CLE credits. Attorneys requesting CLE credits must include an additional $100.

Hersheypark Tickets on Sale

  • Discounted Hersheypark tickets will be available for purchase at the PICPA registration desk throughout the conference.
  • Guests of conference attendees can enjoy a day at Hersheypark while the conference is in session.
  • Tickets are valid for one-time use on the following days: July 15, 16, or 17.
  • Ticket prices:
    Adult (ages 9-54)=$36.00
    Junior/Senior (ages 3-8 & 55-69)=$27.50

Description

Find out why PICPA members love this conference.

Here's what one attendee had to say about last year's conference:

“The accounting profession in general is in a state of constant change. Given the current tentative financial status of so many municipalities and cities, this annual conference is priceless.” --Janet E. Mercincavage, CPA, King’s College

Personalize this conference to fit your needs.

Choose from dozens of sessions.


CPE Credits:

Total of 16-A&A credits will be granted for attending this conference:

  • July 15: 8-A&A
  • July 16: 8-A&A
  • Concurrent sessions are worth A&A credits

Day One: Monday, July 15

7:30 a.m. Registration & Continental Breakfast

8:15 a.m. Welcome & Introduction

8:30 a.m. GASB Update

Marcia L. Taylor, CPA, CGFM
Assistant Manager, Mt. Lebanon PA

Review the GASB standards that were issued over the past year. Find out what is currently on GASB’s agenda and scheduled for future consideration.

9:20 a.m. Pension Accounting—General Nuts & Bolts

Joseph E. Seibert, CPA, CGFM
Partner, KPMG LLP

G. Anthony Meadows, CPA, CITP
Manager, Public Market Reporting and Analysis, Commonwealth of Pennsylvania—Public School Employees’ Retirement System

Discover how GASB has significantly changed the model to report pension obligations from a funding focus to an earnings focus. Learn the new rules for timing of actuarial valuations, restrictions on actuarial assumptions, and methods including discount rate. Discuss accounting for single employer plans, cost sharing plans and special funding situations. Hear about required disclosure information for both the plan and the employer. Develop an action plan of decisions necessary to be made to coordinate between the actuary, auditor, plan sponsor, and governing board.

11:00 a.m. Refreshment Break & Networking

11:15 a.m. CONCURRENT SESSION I

Intro to Government Accounting

Craig W. Gillahan III, CPA
Principal, Hutchinson Gillahan & Freeh PC

Discuss the various funds used by government entities. Review measurement focus and basis of accounting used by the funds. Learn about the conversion entries you need to prepare financial statements under GASB 34. Get updates on fund balance reporting under GASB 54.

IT Auditing in the Age of Cloud Computing

Lisa A. Myers, CPA, CFE, CFFA, FCPA
Partner, Boyer & Ritter CPAs

William Schmidt, CISSP, CISA, QSA
Manager, Technology Risk Advisory Services, RSM McGladrey Inc.

Hear an explanation and definition of the cloud, including pros, cons, and assumptions many entities make. Evaluate other IT auditing topics related to cloud computing such as access of financial and critically operational applications and data, recovery time objectives for mission critical systems, system redundancies, and data backup.

Unique Aspects of Cost Sharing & Pensions

James B. Allen
Secretary, Pennsylvania Municipal Retirement System

Karen Zangara, FSA, EA, MAAA
Principal Consulting Actuary, Cheiron, Inc.

Examine two new accounting standards for public pension accounting and financial reporting, GASB 67 and 68, which were newly approved in June 2012 by the Governmental Accounting Standards Board (GASB). Understand the key provisions of those Standards and address the anticipated impact they will have on governmental pension plans, the governments that sponsor pension plans, and the trusts for such plans.  Learn the new calculations that must be undertaken and share some of the changes needed to complete these calculations.  Review a new requirement that employers participating in cost-sharing plans report based on their proportionate share of plan costs. 

 

Hot Topic Roundtables

Join fellow attendees and participate in all three roundtable discussions facilitated by an expert.
Topics include:

  • Cash and Investments (Footnotes): Brenda A. Pawlowski, CPA
  • Capital Assets (Footnotes): Michael V. Lamb, CPA, CGFM
  • Long Term Debt, Long Term Derivatives (Footnotes):            Linda S. Himeback, CPA & Christopher M. Turtell, CPA

12:30 p.m. Lunch & Networking

1:20 p.m. CONCURRENT SESSION II

Basics of Single Audits

Matthew S. Wildasin, CPA
Partner, Boyer & Ritter CPAs

David J. Manbeck, CPA
Manager, Boyer & Ritter CPAs

Define single audits and their objectives, requirements, and guidelines. Discover what compliance and internal control measures should be considered. Learn how to prepare the Schedule of Expenditures of Federal Awards; find out more about the Data Collection Form.

Nuts and Bolts of Pension Accounting and Defined Benefits

Joseph E. Seibert, CPA, CGFM
Partner, KPMG LLP

G. Anthony Meadows, CPA, CITP
Manager, Public Market Reporting and Analysis, Commonwealth of PA - Public School Employees’ Retirement System

Navigate the employer accounting process for the Net Pension Obligation and funding payments. Discuss how to reconcile the amount paid to the plan, pension expense, and deferred inflows and outflows. Enhance your financial statement presentation, and identify the required disclosure in footnotes and RSI.

GASB’s Statements on Deferred Inflows and Outflows

William H. Gorman Jr., CPA, CGFM, CGMA
President, Gorman & Associates PC

Understand the use of deferred inflows and outflows as elements to the financial statements. Examine the new Statement of Net Position and required disclosures. Consider items previously reported as assets and liabilities that will no longer be classified as assets and liabilities, and how these new elements affect the Major Fund criteria.

Hot Topic Roundtables

Join fellow attendees and participate in all three roundtable discussions facilitated by an expert.
Topics include:

  • Auditing Small Municipalities: Linda S. Himeback, CPA
  • DCED Issues: Connie S. Huber, CPA, CGFM
  • SSAE No. 16, SOC 1 Engagements: Lisa A. Myers, CPA, CFE, CFFA, FCPA & William Schmidt, CISSP, CISA, QSA

2:35 p.m. Refreshment Break & Networking

2:50 p.m. Yellow Book & OMB Update

Kristen A. Kociolek, CPA, CGFM
Assistant Director, Financial Management and Assurance Team, U.S. Government Accountability Office

John R. Good
Executive Director, America's Professional Practice Auditing, Ernst & Young LLP

Understand the requirements of the 2011 Yellow Book and how it affects you. Cover implementation challenges with respect to independence and other requirements. Hear about the most recent standards and guidance issued by the Office of Management and Budget, including the 2013 Compliance Supplement.

4:30 p.m. Networking Reception

5:30 p.m. Adjournment

 

Day Two: Tuesday, July 16

7:30 a.m. Continental Breakfast

8:00 a.m. New Clarity Standards and the Impact on Audits

Michael P. Glynn, CPA, CGMA
Senior Technical Manager—Audit & Attest Standards, AICPA

Get an update on the changes to your audit engagements and practices as a result of the issuance of the clarified auditing standards. Identify the changes in the requirements resulting from the new Group Audits standard.

9:40 a.m. Badges of Fraud

Charles P. Elliott, CPA, CFE, CFF
Shareholder, Charles P. Elliott PC

Get an introduction to basic fraud investigation techniques. Explore case studies and pressures unique to investigating government fraud.

10:30 a.m. Refreshment Break

10:45 a.m. CONCURRENT SESSION III

Intro to Government Auditing

Jill M. Bender, CPA
Manager, Wessel & Company

Michael V. Lamb, CPA, CGFM
Manager, Wessel & Company

Consider the applicability of GAAS, GAGAS, and Single Audit Requirements. Get an overview of the audit process from audit planning to report issuance. Explore unique considerations within governmental audits.

Municipal Authorities

James R. Hanna, CPA, CVA
Managing Partner, Hanna McGlone & Co. PC

Richard H. Babb, CPA
Vice President, The Bank of New York Mellon

Get a thorough review of municipal authorities, including financial statement presentation, disclosures for operating authorities, funds flow requirements, and trust indenture compliance. Discover the latest trends in funding for capital projects, takeover matters, and developments pertinent to the Commonwealth of Pennsylvania’s intervention in regional issues.

Advanced Single Audits

Matthew S. Wildasin, CPA
Partner, Boyer & Ritter CPAs

David J. Manbeck, CPA
Manager, Boyer & Ritter CPAs

Take a closer look at the 14 compliance requirements. Review internal control considerations and discuss audit sampling in a single audit environment.

Hot Topic Roundtables

Join fellow attendees and participate all three roundtable discussions facilitated by an expert.
Topics include:

  • Compensated Absences (Footnotes): Donald J. Pierce, CPA
  • GASB 47 (Footnotes): Marcia L. Taylor, CPA, CGFM & Joseph E. Seibert, CPA, CGFM
  • Act 32 Lessons Learned: Pamela W. Baker, CPA, CGFM & Lisa A. Myers, CPA, CFE, CFFA, FCPA

12:00 p.m. Lunch & Networking

12:50 p.m. State Capitol Report

Peter N. Calcara
Vice President–Government Relations, Pennsylvania Institute of CPAs

Examine the latest happenings in Harrisburg, including budget and tax proposals, PICPA’s legislative agenda, and other significant tax legislation under consideration by the General Assembly.

1:10 p.m. Q&A Panel

Moderator: Jill E. Gilbert, CPA
Partner, Trout Ebersole & Groff LLP

Panelists:

  • Pamela W. Baker, CPA, CGFM
    Partner, Barbacane Thornton & Company LLP
  • Michael P. Glynn, CPA, CGMA
    Senior Technical Manager—Audit & Attest Standards, AICPA
  • William H. Gorman Jr., CPA, CGFM, CGMA
    President, Gorman & Associates PC
  • Kristen A. Kociolek, CPA, CGFM
    Assistant Director, Financial Management and Assurance Team, U.S. Government Accountability Office
  • Joseph E. Seibert, CPA, CGFM
    Partner, KPMG LLP
  • Marcia L. Taylor, CPA, CGFM
    Assistant Manager, Mt. Lebanon PA

Get answers to complex accounting and auditing questions you face from our panel of experienced government accountants, auditors, and industry specialists. The topics covered will reflect your questions; e-mail your questions to education@picpa.org or bring a list!

2:50 p.m. Refreshment Break & Networking

3:05 p.m. CONCURRENT SESSION IV

Introduction to Financial Reporting for Governmental Entities

Donald J. Pierce, CPA
Partner, Maillie Falconiero & Company LLP

Learn to prepare governmental financial statements in accordance with generally accepted accounting principles as prescribed by the Governmental Accounting Standards Board. Review the determining of major funds, preparing conversion entries for the government-wide statements and common note disclosures for governmental entities. Go over the required elements for MD&A and the financial statement presentation changes as a result of new pronouncements.

Auditing Real Estate Tax Collectors

Pamela W. Baker, CPA, CGFM
Partner, Barbacane Thornton & Company LLP

Examine the latest in a long history of independently elected tax collectors who have gone unaudited and have taken advantage of the opportunity to perpetrate fraud. Uncover the regulations regarding the audit of elected real estate tax collectors and the procedures to be followed in conducting an independent audit.

Maintaining Internal Controls with a Shrinking Workforce

Jill E. Gilbert, CPA
Partner, Trout Ebersole & Groff LLP

Review ways to maintain effective internal controls with little manpower, and discuss which control areas to segregate. Understand compensating controls. Learn the warning signs that your controls may not be adequate.

Hot Topic Roundtables

Join fellow attendees and participate in all three roundtable discussions facilitated by an expert.
Topics include:

  • Fund Balance (Footnotes): Adam Hartzel, CPA
  • Overview of Government Organizations: John J. Kaschak, CPA
  • SEFA: Matthew S. Wildasin, CPA

4:20 p.m. Adjournment


Thanks to the following for its support of this conference:




Speaker(s)

Karen Zangara
Principal Consulting Actuary
Cheiron

Karen Zangara has over 15 years’ experience of advising on actuarial, financial, compliance and administrative matters associated with retirement plans. Prior to joining Cheiron in January of 2009, she was a pension actuary and consultant with an international human capital and financial services consulting firm. Karen has managed all aspects of actuarial services for defined benefit pension plans. Since joining Cheiron, Karen has worked primarily on public sector and Taft-Hartley pension plans.

Karen's professional experience has included evaluating a variety of pension plans and consulting with clients on these plans. She has experience determining the financial statement disclosures and annual accounting costs for pension plans and calculating the annual funding results. Karen has also helped clients consider alternative pension / retirement programs, which includes analysis of the impact of plan design changes from various perspectives: employee, employer (both quantitative from a financial perspective and qualitative from an attraction/retention perspective), and administrative complexity.

Karen is a Fellow of the Society of Actuaries, an Enrolled Actuary under ERISA, and a Member of the American Academy of Actuaries. She is a graduate of James Madison University with a Bachelor of Science in Mathematics and also has a Master of Science in Mathematics from the Virginia Polytechnic Institute and State University.

James B. Allen
Secretary
Pennsylvania Municipal Retirement System

James B. Allen has been Secretary of the Pennsylvania Municipal Retirement System (PMRS) since 1984.  In that capacity he is the chief administrative officer for a Commonwealth agency that administers over 980 municipal pension plans.  He is responsible for the agency’s approximately 30 employees and its $3 million administrative budget.  Total employees, retirees and vestees covered by the PMRS exceeds 14,000.  The combined fund of the pension plans exceeds $1.7 billion.  The System utilizes over a dozen external money managers and one independent consultant.

Mr. Allen, who received his Certified Employee Benefit Specialist (CEBS) designation in 1995 from the International Foundation of Employee Benefit Plans, previously served as the Executive Director of the Pennsylvania State Association of County Commissioners (1976-1984).  He graduated from Indiana University of Pennsylvania with a major in Political Science and a minor in Economics.


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