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Governmental Accounting and Auditing Conference (VIRTUAL)

Wednesday, Jun. 4
 8:20am - 4:30pm

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8.00 Credits

Member Price $279.00

Price will increase by $35 after 5/28

Non-Member Price $404.00

Price will increase by $35 after 5/28

Overview

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

Designed For

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

Notice

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.

Wednesday, June 4

General Session

- An Economic and Fiscal Outlook for Connecticut and its Municipalities

George Rafael, Associate Deputy Director, Connecticut Conference of Municipalities

George Rafael

George Rafael is associate deputy director at CCM.

He has over 30 years of experience in economic and fiscal analysis and policy development. In addition, George has over 20 years of experience in association management and operations. He has held positions in the public, private, and non-profit sectors and had the opportunity to work in a number of states across the country.

George has a BA in economics from Central Connecticut State University and an MS in planning from the University of Tennessee.

Presented by: George Rafael - Associate Deputy Director at the Connecticut Conference of Municipalities

While the state’s fiscal situation has improved markedly in recent years, challenges remain. Municipalities face their own challenges in dealing with rising costs and limited funding options. The uncertainty in Washington only adds to these concerns. All of this against a backdrop of an ever-changing economy. This session will provide some insight into where things stand, where they are headed, and the impact on Connecticut and its towns and cities.

Credits: 1.2 - Economics

This session is available to registrants only.

General Session

- Common Single Audit Findings and Opportunities

Philip Marciano, Partner, CITRIN COOPERMAN & COMPANY LLP

Philip Marciano

Phil is a partner in the firm’s New York City office and is recognized as a national resource for government and not-for-profit accounting and federal single audits (Uniform Guidance). He has audited various types of governmental entities such as towns, counties, villages, schools, libraries, other special purpose entities and component units, and various types of not-for-profit organizations.

Prior to Citrin Cooperman, Phil was a shareholder at national financial and employee business services provider where he served as the Government Services Practice Leader for the firm’s Metro New York Not-For-Profit and Government Practice.

Presented by: Philip Marciano, CPA, CGFM - Partner at Citrin Cooperman

In this session, we will focus on common findings of peer reviewers and other oversight agencies regarding single audit documentation. I will review common errors in documenting risk assessment, major program determination, sampling, and documentation of tests of compliance and controls and give best practice tips and recommendations.

Credits: 1.5 - Auditing - Governmental

This session is available to registrants only.

General Session

- AI, Agentive AI, and the Future of Accounting: The Rise of Intelligent Workflows

Suma Chander, Partner, PKF O'Connor Davies, LLP

Suma Chander

Suma Chander has over 25 years of experience, with an expertise in driving high-level technology strategy for organizations of all sizes, including start-up initiatives.

Before joining the Firm, Suma held various “C-Suite” leadership roles and led technology and operations at two different hedge funds. She was responsible for building public and private partnerships, negotiating partnership agreements, fundraising, securing government grants and proposing technological solutions for infrastructure projects that help drive innovation and profitability.

Suma is also skilled in budgeting, product management, software development and revenue maximization. She is recognized for strong project management and team building proficiency.

Suma is very passionate about impact and advocacy initiatives and has worked with various social enterprises and philanthropic organizations that promote skill training and employment amongst disadvantaged populations.

Presented by: Suma Chander - Partner at PKF O’Connor Davies Advisory LLC

Key Topics & Talking Points
1. The AI Revolution in Accounting & Audit
• State of AI Today: Overview of how AI is disrupting industries, including finance and accounting.
• Generative AI & Large Language Models: What they can do now and their growing role in tax, audit, and advisory services.
• The Shift from Automation to Autonomy: How AI is moving beyond simple automation (RPA) to Agentive AI, which autonomously analyzes, makes decisions, and executes workflows.

2. Understanding Agentive AI & Its Role in Workflows
• What Is Agentive AI? 
   *Unlike RPA or traditional AI, Agentive AI can act with minimal human input.
   *Example: AI agents that proactively manage compliance, detect fraud, and even communicate findings to clients.
• Agentive AI vs. AGI (Artificial General Intelligence) 
   *We are still far from AGI (human-level intelligence), but agentic workflows are already transforming accounting.
   *AI can now take on multi-step processes—learning, reasoning, and adjusting based on feedback.

3. How AI Is Transforming the Accounting Workflow
• AI-Powered Audits: 
   *Continuous auditing with AI instead of periodic audits.
   *AI for fraud detection and anomaly detection in real-time.
   *AI-enhanced risk assessment—shifting from sample-based audits to full-population analysis.
• AI in Tax & Compliance: 
   *AI agents scanning regulations and preemptively alerting firms on potential compliance risks.
   *Automated preparation of tax returns with AI-generated insights.
• AI in Advisory & Decision Support: 
   *AI agents analyzing financial data and autonomously preparing reports, insights, and forecasts.
   *Client advisory services being AI-augmented, not just AI-assisted.

4. The Competitive Landscape: Who Is Leading AI in Accounting?
• Big Four AI Strategies: Deloitte, PwC, EY, and KPMG are investing billions in AI-driven accounting tools.
• AI-First Accounting Startups: Companies like Vic.ai, Botkeeper, and MindBridge AI are pioneering AI-based bookkeeping and audits.
• How Small & Mid-Sized Firms Can Compete: Leveraging AI workflows without massive IT budgets.

5. What CPAs & Auditors Need to Do to Stay Relevant
• AI Won’t Replace CPAs—CPAs Who Use AI Will Replace Those Who Don’t.
• Develop AI Fluency: CPAs must understand how to leverage AI tools in daily work.
• Shift to an AI-Augmented Role: 
   *Less manual reconciliation, more advisory, interpretation, and risk consulting.
   *Example: AI flags financial risks, but CPAs provide the strategic context.

6. Future of AI in Accounting: What’s Next?
• Hyper-Personalized AI for Every CPA: AI agents that learn individual accounting styles and automate tasks uniquely.
• Voice-Powered Accounting Assistants: AI that responds in real-time to verbal commands and financial queries.
• AI in M&A, Forensic Accounting, and ESG Reporting: Expanding AI’s role in strategic finance & sustainability compliance.

Credits: 0.6 - Auditing - Governmental

Credits: 0.5 - Accounting - Governmental

This session is available to registrants only.

General Session

- GASB Update

Tony Boras, Partner, Crowe LLP

Tony Boras

Tony is a partner in Crowe’s National Office. As a member of the National Office, Tony provides technical guidance on governmental accounting and auditing matters to the firm’s professionals and clients. He is a frequent speaker at national conferences on topics related to the Yellow Book, Uniform Guidance Auditing, GASB Statement Implementation and AICPA Standards. Prior to joining Crowe’s National Office, Tony served as a senior manager in the public sector services audit practice providing auditing and consulting services to governmental and not-for-profit organizations. Tony has experience with many types of governmental entities, including municipalities, school districts, public 4-year universities, community colleges, state and local pension & other postemployment benefit plans, transportation and other business-type activity entities. Tony currently serves as the Chair of the AICPA State and Local Government Expert Panel and has a Bachelor of Science in Accounting degree from Marquette University.

Alan Skelton, Dir., Research & Technical Activities, GASB

Alan Skelton

Alan Skelton was named director of research and technical activities of the Governmental Accounting Standards Board (GASB), effective April 1, 2021. In his role as GASB director, he leads the staff and serves as the principal advisor to the chair and Board.

Immediately prior to joining the GASB, Mr. Skelton was the state accounting officer for the state of Georgia, a position he was initially appointed to by the governor in 2012. He was reappointed to the role in 2019. As state accounting officer, Mr. Skelton provided accounting leadership for the state of Georgia, including oversight of statewide financial reporting, issuing accounting policy and application interpretations of Generally Accepted Accounting Principles, and implementing business process improvements. He served as deputy state accounting officer from 2009 to 2012. Previously, Mr. Skelton had more than a decade of experience in public accounting, primarily with Ernst & Young.

Mr. Skelton served on the GASB’s advisory council—the Governmental Accounting Standards Advisory Council—from 2015 to 2021, including as its vice chair since 2018. He is a graduate of Florida State University and a certified public accountant.

Presented by: Alan Skelton - Director, Research and Technical Activities at the Governmental Accounting Standards Board

Tony Boras,CPA – Partner at Crowe LLP

GASB update will provide an overview of new standards issued and projects in the works. We will also explain our response to resource shortages and large workloads within government environment.

Credits: 1.5 - Accounting - Governmental

This session is available to registrants only.

General Session

- GASB 101, Compensated Absences: A Deeper Dive

Tony Boras, Partner, Crowe LLP

Tony Boras

Tony is a partner in Crowe’s National Office. As a member of the National Office, Tony provides technical guidance on governmental accounting and auditing matters to the firm’s professionals and clients. He is a frequent speaker at national conferences on topics related to the Yellow Book, Uniform Guidance Auditing, GASB Statement Implementation and AICPA Standards. Prior to joining Crowe’s National Office, Tony served as a senior manager in the public sector services audit practice providing auditing and consulting services to governmental and not-for-profit organizations. Tony has experience with many types of governmental entities, including municipalities, school districts, public 4-year universities, community colleges, state and local pension & other postemployment benefit plans, transportation and other business-type activity entities. Tony currently serves as the Chair of the AICPA State and Local Government Expert Panel and has a Bachelor of Science in Accounting degree from Marquette University.

Alan Skelton, Dir., Research & Technical Activities, GASB

Alan Skelton

Alan Skelton was named director of research and technical activities of the Governmental Accounting Standards Board (GASB), effective April 1, 2021. In his role as GASB director, he leads the staff and serves as the principal advisor to the chair and Board.

Immediately prior to joining the GASB, Mr. Skelton was the state accounting officer for the state of Georgia, a position he was initially appointed to by the governor in 2012. He was reappointed to the role in 2019. As state accounting officer, Mr. Skelton provided accounting leadership for the state of Georgia, including oversight of statewide financial reporting, issuing accounting policy and application interpretations of Generally Accepted Accounting Principles, and implementing business process improvements. He served as deputy state accounting officer from 2009 to 2012. Previously, Mr. Skelton had more than a decade of experience in public accounting, primarily with Ernst & Young.

Mr. Skelton served on the GASB’s advisory council—the Governmental Accounting Standards Advisory Council—from 2015 to 2021, including as its vice chair since 2018. He is a graduate of Florida State University and a certified public accountant.

Presented by: Alan Skelton - Director, Research and Technical Activities at the Governmental Accounting Standards Board

Tony Boras,CPA – Partner at Crowe LLP

Join us for an in-depth exploration of GASB Statement No. 101, focusing on the intricacies of compensated absences. This session will provide a thorough understanding of the new requirements, featuring various examples and audit considerations. Attendees will gain valuable insights and practical assistance to help governments and auditors implement and apply the new standard effectively.

Credits: 1.2 - Accounting - Governmental

This session is available to registrants only.

General Session

- Governmental Fraud – Navigating Threats, Internal and External

Jonathan Marks, Principal, Forensics, BDO USA

Jonathan Marks

Jonathan has over 35 years of experience collaborating with his clients, their boards, senior management, and law firms on global fraud and misconduct investigations, including bribery, corruption, compliance, and other matters requiring governance, risk, and compliance expertise.

Jonathan specializes in complex and high-stakes internal and regulatory investigations, governance matters, risk assessments, the design and implementation of compliance programs, internal audits, global fraud risk management programs, compliance coordination, monitoring, and technical accounting and disclosure matters for the private, public, and not-for-profit sectors. He assists his clients in mitigating potential issues by conducting root-cause analysis, developing remedial procedures, and designing or enhancing governance and compliance systems along with internal controls, policies, and procedures, continuous auditing and monitoring strategies, as well as customized training.

He has led high-profile financial, accounting, compliance, and regulatory investigations worldwide relating to allegations of accounting irregularities, improper financial disclosures, fraud, non-compliance, bribery, corruption, kickbacks, money laundering, price-fixing, terrorist financing, cyber-fraud incidents, and whistleblower matters.

Jonathan has provided expert testimony on accounting, economic damages and lost profits, financial and internal control issues in commercial litigation, and criminal matters. He has appeared before the United States Securities and Exchange Commission (SEC), the Financial Industry Regulation Authority (FINRA), and the United States Department of Justice (DOJ) to present his findings. Jonathan has also served as a neutral for business disputes and led global compliance initiatives, fraud (including money laundering) risk or vulnerability assessments, internal audits, third-party risk management initiatives, and due diligence teams.

He is a well-regarded author and speaker who has gained international recognition for developing thought leadership that has enhanced the profession, including the Fraud Pentagon, the Business Fraud Risk Framework, the Advanced Meta-Model of Fraud, and the Enterprise Resilient Ecosystem. He regularly presents on various fraud, ethics, compliance, governance, and forensic accounting topics. He was a candidate for the Innovator of the Year Award in 2021, according to Compliance Week.

Jonathan serves clients in many sectors, including manufacturing, financial services, healthcare, pharmaceutical, professional services, software, technology, and the telecommunications industry. He previously held leadership positions at a national accounting and global disputes and investigations professional services firm. He has educated and advised some of the world’s largest companies on highly complex issues.

Sly Atayee, Director, Forensics, BDO USA

Sly Atayee

Sly Atayee specializes in helping nonprofit organizations, government contractors, and higher education institutions with fraud investigations and forensic analyses, particularly those related to the False Claims Act. Sly has led numerous investigations both within the United States and internationally in regions such as Africa, the Middle East, and Asia. Additionally, Sly also provides clients with services such as fraud risk training, internal control and risk assessments, redesigning financial processes, conducting complex cost recovery calculations, and developing policies and procedures. Sly is experienced in supporting litigation by gathering documentation to substantiate costs and performing data analytics to calculate and quantify losses and damages for legal proceedings.

Presented by: Jonathan T. Marks, CPA, CFF, CITP, CGMA, CFE, MBA, & NACD Board Fellow - Principal, Forensics - Legal, Monitorships & Investigations at BDO

Sly Atayee - Director, Forensics at BDO

This presentation examines the twofold nature of governmental fraud, highlighting both internal ethical challenges and external threats. It emphasizes the importance of implementing a strong ethics framework and well-designed internal controls to address these issues effectively. The discussion will integrate traditional frameworks like the Fraud Triangle and advanced theories such as the Fraud Pentagon, alongside insights from behavioral science, to offer a comprehensive understanding of fraud dynamics. Additionally, it will focus on strengthening systems to efficiently identify and mitigate fraud risks.

Key Learning Objectives
By the end of this session, participants will be able to:
1.  Identify Internal Ethical Challenges and External Fraud Risks – Understand the dual nature of fraud in governmental settings, recognizing both internal ethical dilemmas and external threats such as false checks and fabricated documents.
2.  Analyze Root Causes of Fraudulent Behavior – Use fraud risk management frameworks to evaluate the pressures, opportunities, and rationalizations behind fraud attempts.
3.  Evaluate the Role of Organizational Culture in Preventing Fraud – Recognize how leadership and municipal values influence ethical behavior and decision-making, and how they can be leveraged to prevent fraud.
4.  Strengthen Internal Controls and Compliance Programs – Identify gaps in governmental compliance efforts and understand how robust enforcement, monitoring, and accountability can enhance fraud detection and prevention.
5.  Enhance Collaboration and Communication for Fraud Prevention – Foster interdepartmental collaboration and open communication channels to ensure timely sharing of information and coordinated efforts in detecting and responding to fraud attempts.

Credits: 1.5 - Auditing - Governmental

This session is available to registrants only.

Non-Member Price $404.00

Member Price $279.00