Annual Update: Top 12 Govenmental & Nonprofit A&A Issues For CPA [TGNP Fbx]

Full Description

AICPAs Annual Update: Top 12 Governmental and Nonprofit Accounting and
Auditing Issues Facing CPAs

November 15, 2012

Location:
Fairbanks, Alaska

Preparers of governmental and nonprofit financial statements and their auditors
often seek advice from the AICPAs Technical Hotline as well as from the GASB
Technical Inquiry System. The advice they receive from these sources is highquality
and non-authoritative but offers viable solutions or reasonable alternatives
for accounting and auditing issues related to governmental and nonprofit
organizations. The objective of this course is to enhance participants knowledge
and application of professional judgment by providing a review of the top
accounting and auditing issues faced by preparers of governmental and nonprofit
financial statements and their auditors based on calls and inquiries received by
both the AICPA and GASB over the past year.

Objectives
Upon completion of this course, participants will be able to:
Understand current accounting issues facing governmental and nonprofit
organizations
Recognize audit challenges related to newly effective GASB standards
Properly reflect accounting transactions resulting from recent GASB
pronouncements
Focus on the audit issues related to new and existing GASB standards

Highlights
Top advice sought through the AICPAs Technical Hotline and the GASB
Technical Inquiry System
Current GASB developments

Who Will Benefit
Governmental accounting professionals
External auditors of governmental organizations
Internal auditors for governmental organizations
Level: Update
Credits: 8 (Accepted for CMA and CFM continuing education credit)
Field of Study: 4-Governmental Accounting, 4-Governmental Auditing
Prerequisites: Experience in governmental accounting and auditing
Acronym: TGNP
Discussion Leader: Lynda M. Dennis, CPA, CGFO Longwood, Florida

Lynda Dennis received her under graduate degree in accounting and finance from the University of West Florida and her Masters in Public Administration and her PhD in Public Affairs from the University of Central Florida. She is a Florida CPA as well as a Florida Certified Government Finance Officer. Lynda is a member of the faculty of the Dixon School of Accounting at the University of Central Florida as well as an author and discussion leader for the AICPA. Her most recent government experience was as the finance director for the City of Maitland, Florida. Prior to joining the City of Maitland in May 2000, she was the Assistant to the Chief Financial Officer-Special Projects for the City of Orlando.

Before joining the City of Orlando, Lynda was the Chief Financial Officer for the Central Florida YMCA. Prior to that, she served as the Director of Finance and Administrative Services for the City of Oviedo, Florida for five years. Her experience includes working as an auditor for local and Big 4 firms with an emphasis in the insurance, government and not-for-profit sectors. Lynda also worked as the Special Projects Manager for the Dallas County Community College District and as a grader of CPA exams for the AICPA.

Lynda currently serves as the Chair of the CPE Advisory Committee of the AICPA and has served as a member of that committee for over seven years. She was a member of the Work/Life Balance and Womens Initiatives Executive Committee of the AICPA from 1997 to 2000. Lynda worked with the Accounting and Financial Reporting Exam Subcommittee of the AICPA for a number of years as well. Additionally, she is active in the FICPA as a current member and former Chairman of the State and Local Government Section, a member of the Editorial Review Board, as the Chair of the CPE Committee, and serves on the Accounting Principles and Auditing Standards Committee for the FICPA. She previously served on the FICPA Government Standards Review Committee for two years, the Accounting Careers Committee, and the Not-for-Profit Conference Committee for two years. Lynda has also served on the CPE Committee of the Central Florida Chapter of the FICPA since 1989 and was President of the Chapter 2004 to 2005. She served as the Chairman of the Technical Resources Committee of the FGFOA in 1993/94 as well as in 2001/02 and was Chairman of the Certification Committee in 2000/01 for the Florida Government Finance Officers Association.

In recent years Lynda has updated the AICPA State and Local Government Accounting and Audit Guide as well as the AICPA Checklists and Illustrative Financial Statements: State and Local Governments. In addition, she has authored six courses for the AICPA in the areas of governmental and not-for-profit accounting, auditing, and fraud as well as courses in internal controls, auditing, and fraud in small entities.