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Common Audit and Financial Reporting Deficiencies in State and Local Governments

Saturday, June 14
 3:15pm - 5:02pm

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2.00 Credits

Member Price $79.00

Non-Member Price $109.00

Overview

Common Audit and Financial Reporting Deficiencies in State and Local Governments, is a 2 hour webcast detailing many of the more common mistakes that auditors and accountants are making in either the preparation of their annual financial statements or the audits of such financial statements. Deficiencies in audit standards (AICPA, GAO, Single Audit) and preparation standards (GASB) noted in this webcast are driven by the most recent results found in audit organization peer reviews, workpaper or desk reviews, and various organizations checklists for oversight. 

Objectives

  • Identify common deficiencies in both the preparation of, and audit of, annual financial statements.
  • Learn to recognize and analyze the most prevalent mistakes made by both auditors and accountants in the preparation and audit of financial statements of state and local governments. 
  • Develop an understanding of the audit standards that govern the auditing of financial statements for state and local governments, such as those set by the AICPA, GAO, and Single Audit. 

Highlights

  • Financial Statement Preparation
  • Common Mistakes made in Preparing Financial Statements
  • GASB Financial Statement Preparation Standards

Designed For

Industry and Public Accountants

Prerequisites

None

Preparation

None

Notice

Your webinar can be accessed via https://ctcpas.acpen.com/Account/loginhttps://ctcpas.acpen.com/. If you do not have an ACPEN account, please sign up for an account using the email address you have on file with CTCPA.

Leader(s):

Leader Bios

Chris Pembrook, Shareholder, Crawford and Associates

Chris Pembrook, MBA, CGAP, CPA, CRFAC is a Shareholder at Crawford & Associates, P.C., in Oklahoma City. Prior to joining the firm, he served as the Chief Financial Officer of the Oklahoma Police Pension & Retirement System and the Deputy Director of the Local Government & Special Services Division of the Oklahoma State Auditor & Inspector’s Office.

He is currently serving as a committee member of the AICPA State and Local Government Expert Panel and the Oklahoma Society of CPA’s Government Accounting & Auditing Committee. He also was selected to serve on the joint COSO-ACFE Task Force for the development of the group’s Fraud Risk Management Guide.

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Frank Crawford, Crawford and Associates

Frank Crawford is President of Crawford & Associates, P.C., Certified Public Accountants. Crawford & Associates is a 16-person firm with its lead office located in Oklahoma City, Oklahoma. The firm specializes in providing auditing, consulting and accounting services solely to state and local governmental entities. Crawford & Associates has performed over 700 financial statement audits and financial related audits, along with a variety of other services including GASB 34 implementation plans, fraud investigations, internal control analysis, accounting policy and procedure development, contract internal auditing, quality assurance reviews, training, fixed asset record development and expert witness testimony in litigation and labor arbitration matters. Mr. Crawford is currently the Chair of the Oklahoma Society of CPAs Government Accounting and Auditing Committee and has also been involved in a number of AICPA committees and task forces as they relate to governmental accounting and auditing, including the former AICPA Governmental Accounting and Auditing Committee, the current AICPA Government and Not-For-Profit Expert Panel and AICPA Audit Guide Revision Task Force. Mr. Crawford has is also currently the Chair of the AICPA’s GASB Liaison Task Force, an appointed group of seven individuals designated by the AICPA to interact with the Board during the accounting standard-setting process. Mr. Crawford was also a member of the GASB’s advisory group for the first Implementation Guide of Statement 34, and has already assisted and audited several local governments that implemented Statement 34 as far back as June 30, 1999. In addition, Mr. Crawford, at the request of the USDA Graduate School, recently developed GASB 34 implementation plans for many of the U. S. territories and commonwealths such as the governments of Guam, Palau, Saipan, Pohnpei, U.S. Marshall Islands, American Samoa and the U.S. Virgin Islands. Frank is a frequent lecturer, trainer and discussion leader for numerous groups, firms and State Societies, and has appeared in several AICPA continuing professional education videos and live satellite broadcasts related to governmental accounting and auditing. Commonly known as Frankie to clients, friends and family, Mr. Crawford has two children, 11 year-old daughter Madison and 6 year-old son Blake, and also has the good fortune to be married to Cindy Crawford.

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Non-Member Price $109.00

Member Price $79.00