Government Industry – CPE Days: Thursday, September 23rd



Bringing together industry leaders, Weaver's 2021 CPE series provided insight on updated compliance requirements, new accounting standards, and guidance on best practices for today's government environment.

Our 2021 course topics on Thursday, September 23, 2021 included:

Session 1
Interesting Times: The Future of the Texas Political Economy

Session 2
GASB Update

Session 3
Looking Ahead – GASB Projects and Other Developments

Session 4
Single Audits: What You Need to Know Now

Session 5
Grant Compliance Done Right!

Session 6
Auditing Standards and Yellow Book Update

Session 7
Ransomware…Still!

Session 8
GASB 84 and 97 Standards – Digging Into Fiduciary Activities and Component Unit Criteria


Thursday, September 23, 2021 |
Session Details and Presentations

Session 1
Interesting Times: The Future of the Texas Political Economy

A wide-ranging discussion of Texas economic trends, the state’s relationship to the broader U.S. economy, demographic changes, and how those changes impact Texas politics and public institutions moving forward. Weaver’s State Government Practice Leader, Adam Jones, discusses:

  • Frameworks for understanding the strengths of the Texas post-Covid economy
  • A summary of national economic trends and the country’s adjustment to the disruption caused by the pandemic 
  • Details of the Texas 2020 census and the potential economic and political impact of changing demographics

Session 2
GASB Update

This informative webinar provided the most recent GASB news and updates. Weaver Assurance Partner, John DeBurro, CPA, took an in-depth look at all of the most recent GASB pronouncements and recently issued statement affecting governments. This webinar covered:

  • Key points related to newly-issued standards
  • Most recent GASB requirements for governments
  • Clarification of new accounting rules

Session 3
Looking Ahead – GASB Projects and Other Developments

We believe you can never be too prepared! This session took an in-depth look at currently issued exposure drafts as well as projects on GASB's agenda that most affect governments. Presented by Sara Dempsey, CPA, Weaver’s Partner-in-Charge, Government Services, this session discussed:

  • Identify recent activities at GASB
  • Recall key points related to GASB’s project plan
  • Consider the effects of potential changes to your organization

Session 4
Single Audits: What You Need to Know Now

In the current environment single audits are less than routine. Entities are left scrambling to keep up with all of the changes coming their way. This session provided the audience with the most current information for their upcoming single audits. Weaver Assurance Partner, Jennifer Ripka, CPA, provided a brief summary of COVID-19 funding, highlights from the 2021 Compliance Supplement, and single audit tips and tricks. Attendees learned:

  • New COVID-19 funding and the challenges for different entities
  • Highlights from the recently issued 2021 Compliance Supplement
  • Best practices for entities with single audit requirements

Session 5
Grant Compliance Done Right!

New grant opportunities become available at a very rapid pace. Natural disasters, stimulus packages, and relief funds continue to be granted as different events occur throughout the country. With these opportunities, how does your organization ensure effective grant administration and compliance?

Led by Dan Graves, CPA, Partner of Risk Advisory Services, this session covered the key areas of grant administration, compliance standards, effective internal controls over compliance, and risks and common pitfalls in grant compliance. This session discussed ways to design effective internal controls throughout the grant lifecycle and provided:

  • Key tips for effectively managing grants
  • Best practices in avoiding common pitfalls with new funding streams
  • Ways to manage risks of noncompliance through effective internal controls throughout the grant lifecycle.

Session 6
Auditing Standards and Yellow Book Update

Stay current on the latest developments in accounting and financial reporting affecting governments. Led by Weaver Assurance Partners, Rebecca Goldstein, CPA and Sarah Roberts, CPA, this session provided an overview of updates to the AICPA generally accepted auditing standards and the 2018 revision of the GAO Yellow Book. This discussion covered:

  • Identify updates to the AICPA generally accepted auditing standards
  • Identify updates to the GAO Yellow Book
  • Evaluate the changes in standards that are relevant to your audit

Session 7
Ransomware…Still!

In an almost numbing and normalizing fashion we see ransomware continuing to make news. While the attacks are described with new language, the tactics and techniques are very similar. Consider others’ loss an unfortunate opportunity for your organization to learn from those mistakes. Weaver’s Director of Cybersecurity Services, Trip Hillman, CISSP, CISA, CEH, GPEN, GFE, GSNA, covered:

  • What is ransomware?
  • What risk does it pose to your organization?
  • What helps?
  • What doesn’t help?
  • Your first questions to assess your own organization’s approach to mitigating ransomware!

Session 8
GASB 84 and 97 Standards – Digging Into Fiduciary Activities and Component Unit Criteria

Presented by Weaver Assurance Partner, Greg Peterson, CPA, this presentation provided an overview of GASB 84 and 97 standards. In this discussion, we covered:

  • How to identify the types of Fiduciary Activities subject to GASB 84 and GASB 97
  • Specific types of Fiduciary Funds that will be reported under GASB 84
  • Implementation and audit considerations
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