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2015 ACPEN Signature Series

ACPEN Signature courses are the flagship CPE events of ACPEN, and the top of the line in CPE programing. 

Signature courses, begin in May each year, continue monthly throughout the year, and are replayed for live credit several times, including in December and January. 

Each showcases important and timely CPE topics, using enhanced production techniques, and are delivered by panels of national experts, practitioners, and representatives of regulatory and standard setting bodies.

To see what courses are included in this year, please click on the ACPEN Signature category below. 

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ACPEN Signature Series: 2014 Governmental Accounting and Auditing Update


  • Length: 8 Hours
  • Stay up-to-date on rapidly changing developments by participating in the 2014 Governmental Accounting and Auditing Update ACPEN broadcast! Take advantage of this opportunity to find out about breaking government issues. This is your opportunity to hear about the latest challenges facing governments and practitioners who work with them and audit them, presented by leading experts on governmental accounting and auditing, both those who work in the trenches and those from the regulatory world.

    With all of the fiscal, regulatory, and new standards challenges facing governments and their auditors, it is important to keep current on critical issues and developments. From a governmental accounting, auditing, and compliance perspective, 2014 will be a critical year for implementing new standards and requirements! Plus, it is imperative that you start planning ahead for the significant changes coming in 2015!

    On the governmental accounting side, GASB No. 65 reclassifies numerous items previously reported as assets and liabilities as deferred outflows of resources or deferred inflows of resources. While all governments have implemented GASB No. 63’s new terminology, for many governments, implementing GASB No. 65 (effective for all year ends on or after December 31, 2013) means they will report items that fit in the new classifications for the first time. Also, now is the time to find out about the details on GASB No. 69, which applies to government combinations and disposals of operations that occur in fiscal years beginning after December 15, 2013, and GASB No. 70 on nonexchange financial guarantees, effective for reporting periods beginning after June 15, 2013. Plus, the new pension standard for plans is effective right now and the time to implement the new standard for employers is getting closer. You’ll get the latest scoop on all the issues from both the GASB and audit implementation sides. The ACPEN panel of experts can fill you in on all the latest details you need to know about critical new requirements, implementation issues, and developments.

    On the audit side, 2014 is the critical implementation year for the pension standard for pension plans—and a call to action to get moving on critical implementation issues that affect both plans and employers. This is not the time to sit on the sidelineboth plan and employer management and auditors need to lay the groundwork to successfully meet the challenges associated with implementing these complex new standards. At this year’s broadcast, it will be the perfect time to find out the details about how the latest auditing and reporting issues will affect your engagements and practice, including the issues covered in the State and Local Governments Audit & Accounting Guide and Risk Alert, the new COSO internal control framework, as well as best practices and implementation issues now that the first year of implementing the clarified auditing standards is in the rearview mirror. The ACPEN panel of experts will discuss crucial implementation and practice issues for government audits with the spotlight on issues like municipal bankruptcies and the often misunderstood group audit guidance to name just a few.

    For Single Audits, the ACPEN panel will cover topics that are relevant to single audits being performed NOW, and highlight key changes that are applicable to FUTURE single audits. For NOW, there are significant new changes in the 2014 OMB Compliance Supplement and there is both a new Data Collection Form and submission process. Single audit quality continues to be a favorite topic of regulators and is a significant risk for auditors. Following current developments and using the most recent guidance is critical to conducting quality single audits. Hear the details on the latest single audit issues, including the 2014 OMB Compliance Supplement, the 2013–2015 Data Collection Form (including new changes expected this summer), and the latest peer review findings relating to single audits.

    The panel will cover new guidance in the OMB Compliance Supplement on compliance requirements and associated audit procedures as well as other Compliance Supplement updates that you need to know about right now for your 2014 audits. Among the topics the panel will cover are changes to compliance requirements and critical changes to reporting requirements and the major program determination process relating to Recovery Act programs. With dramatic changes expected to the Compliance Supplement in the next year, including streamlining of compliance requirements, it is critical that auditors understand the current requirements and the expected timeline for upcoming changes.

    After years of hearing about proposed changes to the single audit process, OMB’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) is finally here! The ACPEN panel will highlight key changes in the new Uniform Guidance and cover some surprising issues relating to the effective dates of various requirements. Topics covered will include the increase in the single audit threshold, changes to the process for determining major programs, and combination of OMB audit and cost principles circulars. It is essential that governments and auditors understand that the timeline on applying certain parts of the new guidance is shorter than they initially thought!

    Finally, you’ll receive an update on the most recent accounting and auditing developments affecting governments and government auditors. This includes Single Audit issues, AICPA and Yellow Book implementation issues, new and recently effective GASB pronouncements, audit issues, and a look at what’s on the horizon. Join ACPEN’s panel of experts as they discuss, not only the technical requirements of new standards, but also the key implementation issues that must be addressed by auditors and their governmental clients! Benefit from their experience and insights from many perspectives, as well as their long experience in governmental accounting and auditing.

    This broadcast is designed to provide CPE that meets the Yellow Book CPE criteria.

    Faculty Interaction! With ACPEN courses, you may send questions to the panel in advance at Pre-CourseQuestions@ACPEN.com, and remember, participants can submit questions to the panel during the course and for two days after every ACPEN course, providing unparalleled faculty access!

    Major Subjects and Key Benefits:


    • Find out about the challenging implementation issues relating to GASB No. 65 on assets/liabilities and deferred inflows/outflows, GASB No. 69 on government combinations and disposals of operations, GASB No. 70 on nonexchange financial guarantees, GASB No. 71 on pension transition issues, and other new GASB standards.
    • Find out about GASB’s new pension standards for plans and employers, and hear the details about critical implementation and audit issues for plans, employers, and auditors that you need to know about—and take action on¾NOW.
    • Find out about the long awaited grant reform changes included in OMB’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and learn how the changes will affect current and future single audits.
    • Hear about the most recent developments affecting single audits, including the 2014 OMB Compliance Supplement, as well as:
      • The latest guidance on compliance requirements and single audit reporting,
      • Dramatic changes expected to the Compliance Supplement,
      • New 2013–2015 Data Collection Form (including new changes expected this summer),
      • Single audit quality issues (including recent peer review findings), and
      • Pitfalls, practice tips, and valuable perspectives from experienced practitioners.
    • Discover how new accounting and auditing standards will affect governments and your government practice, including common implementation issues, reporting issues, and best practices.
    • Hear about some of the best practices and implementation issues that arose during the first year of implementing the clarified auditing standards.
    • Hear about some of the interesting questions revealed during implementation of the new group audit standards, and review the most misunderstood provisions of this auditing standard. (Warning: Expect some “visual aids” to enhance your understanding of the requirements—don’t miss out on this topic!)
    • Find out about GAO activities and the new COSO internal control framework.
    • Hear guidance from experts on how to avoid common single audit deficiencies and understand the IG perspective of the state of audit quality, and what impact that will have on your practice.
    • Learn the most recent auditing standards, government and Yellow Book/single audit risk alerts, and the latest AICPA audit and accounting guides.
    • Find out what GASB projects are on the horizon.

Basic Course Information

  • CPE Credits: 8
  • Program Level (Basic, Update, Intermediate, Advanced, Overview): Intermediate/Update
  • Prerequisites: None
  • Advanced Preparation: None
  • Designed For: Public and Industry
  • Producer: ACPEN
  • Field of Study 1: Governmental Accounting (4 hours)
  • Field of Study 2: Governmental Auditing (4 hours)

Learning Objectives

Major Subjects


  • Course Developer: Business Professionals' Network, Inc.
  • Faculty and Production Information
    • Carole A. Burgess, CPA, ,
    • Carole A. Burgess, CPA, is an Executive Editor of PPC products for the Tax & Accounting business of Thomson Reuters, in Fort Worth, Texas. She is an author of PPC’s Guide to Single Audits, PPC’s Guide to Preparing Governmental Financial Statements, PPC’s Governmental Financial Statement Illustrations and Trends, and PPC’s Guide to Religious Organizations, and a contributing author of other guides and continuing education courses. Carole is also the technical review editor of The PPC Nonprofit Update newsletter. Ms. Burgess’ experience prior to joining PPC includes eleven years in public practice with Deloitte & Touche, LLP, where she was a senior manager specializing in state and local governments and recognized nationally as a compliance audit specialist relating to the Single Audit Act. Carole is a frequent presenter to accounting and other professional organizations including the Texas Society of CPAs

    • Dan O'Keefe, CPA, MBA, CFE,
    • Dan O’Keefe, CPA, MBA, CFE, heads up the Governmental Practice Group of Moore Stephens Lovelace, P.A. He also serves on the Board of Directors, is the Corporate Secretary for the Firm, and is the Dean of MSL University. He has 35 years of public accounting, governmental, and not-for-profit experience. He has provided services to numerous municipalities, counties, school districts and other governmental entities. In addition, he provides consulting services in the areas of internal control assessments, litigation support, fraud remediation, and performance reviews. Dan served on the AICPA State and Local  Government Expert Panel and serves on the AICPA  National State and Local Government Conference Committee. Dan holds a B.S. Degree in Accounting from Canisius College in Buffalo New York and a M.B.A. from The Florida State University. He is also a Certified Fraud Examiner. Dan is an adjunct professor at the University of Central Florida and the University of West Florida.

    • Frank Crawford, CPA, ,
    • Frank Crawford, CPA, is President of Crawford & Associates, P.C., Certified Public Accountants, an accounting firm located in Oklahoma City, Oklahoma. The firm specializes in providing auditing, consulting and accounting services solely to governmental entities. Over the last 25 years, Crawford & Associates has provided a variety of audit and accounting services to all sizes of government, including, but not limited to many types of financial audits and attestation services, planning and executing GASB 34 implementation plans, fraud investigations, internal control analysis, accounting policy and procedure development, contract internal auditing and internal monitoring, the development of management anti-fraud programs and controls, quality assurance reviews, training, capital asset record development and expert witness testimony. Mr. Crawford has served as the Chair of the AICPA Government Expert Panel and the Oklahoma Society of CPAs Government Accounting and Auditing Committee, and has also been involved in a number of other AICPA committees and task forces as they relate to governmental accounting and auditing, including the AICPA Governmental Accounting and Auditing Committee, the AICPA Government and Not-For-Profit Expert Panel, the AICPA Government Performance and Accountability Committee, and the AICPA GASB 34 Audit Guide Revision Task Force. Mr. Crawford is also currently the Chairman of the AICPA National Governmental Accounting and Conference Planning Task Force, and is also a member of the Planning Committee of the AICPA’s Government and Not-For-Profit Training Conference. Over the years, Mr. Crawford has assisted both the AICPA and GASB in the development of several implementation guides as a member of an advisory group, task force or technical content provider. His experience with GASB 34 implementation and audit issues dates back to June 30, 1999, as auditor of the first general-purpose government in the United States to implement the requirements of GASB 34. Mr. Crawford is also currently working with many of the U.S. territories, commonwealths and freely-associated states on audit finding resolution and financial analysis projects. Frank is a frequent lecturer, trainer and discussion leader for numerous groups, including U.S. Federal Government Agencies, CPA Firms and State Societies, and has appeared in several AICPA continuing professional education videos and live satellite CPE broadcasts and Webcasts produced by the Accounting Continuing Professional Education Network related to governmental accounting and auditing.

    • Jeffrey Markert, CPA,
    • Jeffrey Markert, CPA is a partner in KPMG’s Department of Professional Practice in New York City with more than 22 years of experience serving state and local governments.  In this role, he devotes significant time to emerging issues related to government accounting and single audits, including working with GASB and the AICPA in the development and implementation of new standards and providing technical assistance and training to KPMG personnel throughout the United States.  Jeff also currently serves on the AICPA State and Local Government Expert Panel (Expert Panel). Jeff previously spent 18 years in KPMG’s Chicago office and was the practice leader for KPMG’s Midwest public sector audit group.  In this role, Jeff was responsible for government and not-for-profit audit services and also served as the engagement partner for many of their larger and more complex single audits.

    • David R. Bean, CPA, , Director of Research and Technical Activities, Governmental Accounting Standards Board (GASB), Norwa
    • David R. Bean joined the GASB staff in 1990 as its first full-time director of research and technical activities. Previous to working at the GASB, he was with Ernst & Young. He also was the director of the Technical Services Center of the Government Finance Officers Association and worked for the State Comptroller’s Office in Illinois. He holds a B.S. degree from Illinois State University and is a CPA.

Course Materials

  • Course Materials
    • Important CPE Credit Information_2014 (0)
    • ACPEN_Signature-2014-Gov_AA_Update-Manual (0)

Additional Information

  • Course Registration Requirements: Online Registration
  • Refund/Cancellation Policy: Please contact the ACPEN help desk - 1-800-747-1719 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
  • Complaint Resolution Policy: Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
  • Official Registry Statement: Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org
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