Common Audit and Financial Reporting Deficiencies in State and Local Governments
2.00 Credits
Member Price $79
Non-Member Price $109
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.
Highlights
- Financial Statement Preparation
- Common Mistakes made in Preparing Financial Statements
- GASB Financial Statement Preparation Standards
Prerequisites
None
Designed For
Industry and Public Accountants
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.
Preparation
None
Leader(s):
Leader Bios
Christopher Pembrook, Shareholder, Crawford & Associates, PC
Chris Pembrook, CPA, MBA, CGAP, Cr.FA, is a shareholder at Crawford & Associates, CPAs, P.C., an accounting firm specializing in providing auditing, consulting and accounting services solely to governmental entities. He is currently serving as a member of the AICPA State and Local Government Expert Panel and the OSCPA Governmental Accounting and Auditing Committee. Pembrook was selected to serve on the joint COSO-ACFE-AICPA Task Force for the development of the group’s Fraud Risk Management Guide. He also served on the AICPA task force that helped establish the AICPA’s new single audit advanced expert certification program.
Frank Crawford III, President, Crawford & Associates, PC
Frank Crawford, CPA, is president of Crawford & Associates, CPAs, P.C., an accounting firm in Oklahoma City. The firm specializes in providing auditing, consulting and accounting services solely to governmental entities and is a member of the AICPA and the AICPA Government Audit Quality Center. Over the last 36 years, Crawford & Associates has provided a variety of audit and accounting services to all sizes of government including many types of financial statement audits and attestation services, fraud investigations, internal control analysis, accounting policy and procedure development, outsourced internal auditing and internal monitoring, developing management anti-fraud programs and controls, quality assurance reviews, training and expert witness services. Crawford served as chairman of the AICPA Government Expert Panel from 2004-2008. He has been involved in a number of other AICPA committees and task force groups, U.S. Federal Government Agencies, various local and national CPA firms and a number of state societies.
Non-Member Price $109
Member Price $79