We invite you to join us for our in-person event, Nevada Government Update Day on Wednesday, December 7. Join us for a day of networking and informative presentations on the latest issues affecting Nevada government. See below for details regarding the agenda and for the CPE-eligible presentations.

Overview of Upcoming GASB Standards
Presenter: Kurt Schlicker

This presentation provides an update on the upcoming GASB Standards that will be implemented in the next several years. It will touch on GASB Statements related to Conduit Debt, Private-Public-Partnerships, Public-Public Partnerships, Availability Payment Arrangements, Subscription Based Technology Arrangements, Accounting Changes and Error Corrections, and Compensated Absences. The presentation is intended to provide the attendee with specific areas that their government should focus on when implementing the upcoming GASB Statements.

Learning Objectives:

• Theorize the upcoming GASB implementation calendar
• Examine which GASB statements impact your government
• Explore different options for implementation

Overview of Single Audit Changes, Compliance Matters, and Challenges
Presenter: Kurt Schlicker

This presentation provides an update on the changes to single audit as a result of COVID-19 and the related compliance matters and challenges that governments will experience for the current year and next several years. We will touch on the various COVID-19 related federal acts, the related federal programs and the Nevada impact. We will also discuss some of the compliance matters and challenges that we are seeing through the single audit process and that governments are experiencing. The presentation is intended to provide the attendee with a general grant update and what new grant matters to focus on.

Learning Objectives:

• Discuss the various COVID-19 funding
• Identify which federal programs impact your government
• Build internal controls to help prevent common deficiencies

Should We Consider an Internal or Performance Audit?
Presenters: Kim Higgins and James Menck

This one-hour presentation defines internal and performance/operational audits; the differences and values of each. It will touch on how to know if an internal or performance audit should be considered by the attendees; outline the benefits and value of each and provide a live case of a performance audit and results. The presentation is intended to provide the attendee with specific knowledge and understanding to bring additional value through this consulting area that they may not have considered before.

Learning Objectives:

• Summarize the definitions of internal and performance/operational audits
• Explore the differences between an internal and performance audit
• Examine the benefits of an internal and/or performance audit
• Instruct a live case of a performance audit to provide a live example of the results of a performance audit

Forensic Accounting for Government – Fraud Schemes, Red Flags and Internal Controls
Presenters: Eric Hansen and Brandon Waldren

In this session, we will discuss the most noted fraud schemes in the government sector using actual case examples. We will dissect these examples to discuss how the fraud occurred, red flags that were presented, and how the scheme could have been prevented/detected earlier. Every organization/entity is different with various resources available. We will discuss the different types of internal controls and best practices to be aware of and how your organization/entity may implement them.

Bring your questions, as there will be time for a Q&A session.

Learning Objectives:

• Explore fraud schemes commonly found in the government sector
• Summarize the red flags to be aware of
• Recognize the Internal controls and best practices to takeaway

CPE Information
CPE Credits: 7
Field of Study: Accounting (GOV)
Level of Knowledge: Basic
Delivery Method: Group-Live

Additional Information: This is a Group-Live event. No prerequisites or advanced preparation required. For information regarding a complaint and/or program cancellation policies, please contact Amy DeGeorge.