Governmental Accounting and Auditing Conference

Tuesday, May 18 8:30am - Wednesday, May 19 12:15pm

(Check-In 8:20am)

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8.00 Credits

Member Price $269.00

Non-Member Price $394.00


This virtual conference will be held during two consecutive 4-hour days (8:30 am - 12:00 pm on May 18 & 8:30 am - 12:15 pm on May 19).

Please note that when you register for this conference you are automatically registering for both days.

This CTCPA conference is designed to update practitioners and government finance officers in the area of governmental accounting and auditing.

Sessions include:

GASB Update

Virtual Workplace Risks and Remote Auditing

Single Audit Update

The Importance of Sound Actuarial Assumptions for Pension and OPEB Measurements

Fraud, Theft and Abuse Within Governmental Entities: It’s There to Be Discovered

Designed For

CPAs involved in governmental accounting and auditing. Also appropriate for government finance officers.


By registering for this program and, accordingly, receiving the eMaterials, you're acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy.

Tuesday, May 18

General Session

8:30am - 10:30am GASB Update

Lisa Parker Senior Project Manager, GASB

Lisa Parker

Lisa Parker is a senior project manager with the Governmental Accounting Standards Board (GASB). Prior to joining the GASB in 2008, Lisa worked for Runyon Kersteen Ouellette CPAs for 10 years, the town of Old Orchard Beach, Maine as finance director and interim town manager for 2 years, and the city of Saco, Maine as finance director for 8 years.

Lisa is a certified public accountant and a chartered global management accountant. She also is a member of the Association of Governmental Accountants, the American Institute of Certified Public Accountants, and the Maine Society of Certified Public Accountants, where she served as president. Previously, Lisa was president of the Maine Governmental Finance Officers Association, an executive board member of the New England Governmental Finance Officers Association, and a member of a national GFOA standing committee.

Lisa attended Boston College and the University of Southern Maine graduating with magna cum laude honors and a bachelor’s degree in accounting.

Presented by: Lisa R. Parker, CPA, CGMA - Senior Project Manager, Governmental Accounting Standards Board

This session will give an overview of the GASB pronouncements that become effective in the coming fiscal years as well as some pronouncements that were directly related to the CARES Act and the impact of the pandemic. Time permitting, the session also will explain some of the projects on GASB’s current technical agenda and research agenda.

General Session

10:45am - 12:00pm Virtual Workplace Risks and Remote Auditing

William Early Jr. Principal, State and Local Government, CLA (CliftonLarsonAllen LLP)

William Early Jr.

Bill has over 23 years of experience serving state and local governments and is one of the few practitioners within the governmental auditing field that currently serves as a partner on a state-wide financial and single audit. He serves as the engagement principal and quality review principal for a wide range of large, complex governmental audit engagements. Bill has extensive experience specializing in government audits and assisting clients in increasing the efficiency of their operations. Bill is well versed in OMB Uniform Guidance compliance audits, and has managed, planned, and performed single audits for a variety of governmental agencies.

Within CLA, Bill is one of the principals responsible for client relationships, work quality, and staff development. He serves on CLA’s State and Local Government Leadership Team and is the leader of firm’s State and State agencies industry sector. Bill brings innovative ideas coupled with practical experience to the firm’s governmental clients so they can stay apprised of new accounting pronouncements, state laws, fiscal trends and best practices. His personal approach to client service includes frequent communication with his clients and a genuine concern for their best interests. They know that whatever the problem, Bill will be there to get them through.

When not at work Bill enjoys spending his time coaching baseball and softball, golfing, and relaxing on the beach with his wife Rachel and their two children. Their favorite summer vacation spot is the Outer Banks of North Carolina.

Jim Kreiser Principal, Specialized Advisory Svcs, CLA (CliftonLarsonAllen LLP)

Jim Kreiser

Jim is a Principal in the CliftonLarsonAllen LLP (CLA) Specialized Advisory Services group, and serves as the National IT Services Leader for State & Local Governments. He has 23 years of professional services experience in providing consulting and advisory services. In his career, he has held roles of Chief Risk Officer, General Auditor, and more. He is a graduate of Carnegie Mellon University, and is a Certified Information System Auditor, Certified Financial Services Auditor, and Certified in Risk Management Assurance.

Presented by: William A. Early, Jr., CPA - Principal, State and Local Government at CLA (CliftonLarsonAllen LLP)

Jim Kreiser  - Principal, Risk Management, Specialized Advisory Services at CLA (CliftonLarsonAllen LLP)

Has your organization undertaken a significant shift during the pandemic?  Have risk assessments, audit plans, risk management, and internal audit procedures been updated to keep pace with those changes?  During this session, we will review some of the risks related to the “new virtual workplace”, what implications those changes have to risk management, as well as audit activities.  We will discuss these trends and the considerations and the ways that auditing can adapt, and the issues for auditors to be mindful of in their own role going forward.

Wednesday, May 19

General Session

8:30am - 9:30am Single Audit Update

Melisa Galasso Founder and CEO, Galasso Learning Solutions LLC

Melisa Galasso

Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.

Presented by: Melisa Galasso CPA, CPTD - Founder and CEO of Galasso Learning Solutions LLC.

This session is designed to provide participants with the information to know what's going on in the Single Auditworld. We’ll focus on considerations that will impact current audits including the new 2020/21 Compliance Supplement including the 2020 Addendum. We'll also look at the impact of the GREAT Act and changes issued in
2020 to the Uniform Guidance.

Learning Objectives:
• Describe the changes to the Uniform Guidance
• Recall the impact of CARES Act funding

General Session

9:40am - 10:45am The Importance of Sound Actuarial Assumptions for Pension and OPEB Measurements

Rebecca Sielman Principal and Consulting Actuary, Milliman, Inc.

Rebecca Sielman

Becky has done extensive technical and consulting work in all aspects of public defined benefit pension plans and retiree medical programs, including actuarial valuations, financial reporting calculations, plan design studies, experience studies, administration, and employee communications. She specializes in using complex interactive models to assist clients in understanding and managing their retirement programs. She is also a leading expert and frequent speaker on GASB 68 and GASB 75 issues. Becky currently serves on the Connecticut Municipal Finance Advisory Commission and on the board of the Connecticut Public Pension Forum. She is the author of the Milliman Public Pension Funding Study, which examines the finances of the 100 largest US public pension plans.

Becky is the actuary for nearly one hundred municipalities throughout the lower New England states.

Presented by: Rebecca A. Sielman, FSA - Principal and Consulting Actuary at Milliman

We will discuss mortality tables, interest rate assumptions, and other actuarial assumptions that have a material impact on the measurement of pension and OPEB liabilities.  We will cover national sources of data as well as local experience studies, and we will demonstrate the extent to which changes in the assumptions can move the liabilities.

General Session

11:00am - 12:15pm Fraud, Theft and Abuse Within Governmental Entities: It’s There to Be Discovered

Stephen Pedneault Founder/Owner, Forensic Accounting Services, LLC

Stephen Pedneault

Stephen Pedneault is the Principal of Forensic Accounting Services, LLC, a Manchester, Connecticut CPA firm, focused exclusively on forensic accounting, fraud, and litigation support matters. His technical expertise and intuitive investigative awareness have made Stephen a sought after litigation expert by legal, accounting and law enforcement communities. Steve Pedneault is a highly regarded member and invaluable strategic partner of legal teams throughout the state.

Through his investigative work, Stephen has examined frauds ranging from a few thousand dollars to amounts well in excess of several million dollars. His expertise also lies in preventing and investigating embezzlements and financial statement frauds, evaluating financial disclosures in matrimonial and probate concerns, and utilizing forensic accounting within litigation matters.

Stephen Pedneault brings 31 years of public accounting experience, credentialed as a Certified Public Accountant (CPA), Certified in Financial Forensics (CFF), Forensic Certified Public Accountant (FCPA), and a Certified Fraud Examiner (CFE). He has an Associates Degree in Criminal Justice from Manchester Community College and a Bachelors Degree in Accounting from Eastern Connecticut State University, graduating Summa Cum Laude.

Stephen has written four books published by Wiley. Fraud 101 (September 2009), Anatomy of a Fraud Investigation (January 2010), Preventing And Detecting Employee Theft And Embezzlement, A Practical Guide (June 2010), and Forensic Accounting and Fraud Investigations for Non-Experts (April 2012), is a layperson’s introduction to financial fraud and forensic accounting. In addition, Stephen has contributed to three fraud case books, and authored numerous published articles appearing locally and nationally.

As an adjunct faculty member to the University of Connecticut faculty, Steve has developed an innovative course on forensic accounting that has been offered since 2008 within UConn’s Masters of Science in Accounting (MSA) program. The course provides an overview of forensic accounting, identifying the qualities and attributes required of a forensic accountant, and provides students with an approach and skill set to enable them to perform a forensic accounting assignment.

Stephen is a frequent guest lecturer and an adjunct faculty member at the Manchester Community College. He has been requested by businesses and student organizations to speak over 250 times on a range of topics including forensic accounting, fraud prevention, risk assessment, embezzlement, probate concerns, and other related issues at local and national venues.

Presented by: Stephen Pedneault, CPA/CFF, CFE - Principal of Forensic Accounting Services, LLC

In the media: Rita Crundwell of Dixon, Il, $53 Million;  Henry Centrella of Winsted, $2 million;  Fred Manfredonia of Stamford, $351,000;  Tomecka Gilkes of Prospect, $100,000;  John Reynolds of Norwalk, $26,000;  Catherine Finkle of East Haven, $38,000; Eleanor Cruz of Hebron, $14,000; and Matthew George of Glastonbury, about $1,000.  Fraud, theft and abuse is happening in cities and towns across the country.  Given the societal and economic impacts the pandemic has had, fraud, theft and abuse is likely more prevalent today just waiting to be discovered, and towns and municipalities can’t afford to have their limited funds diverted.  Now is the time to be vigilant.

Non-Member Price $394.00

Member Price $269.00