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A NASACT Training Webinar
Tuesday, May 11, 2010
1:00 - 2:50 Eastern Time
NASACT, in conjunction with the Association of Government Accountants and the Association of Local Government Auditors, is pleased to announce the latest in its series of audio/webinar conferences addressing timely issues in government auditing and financial management.
Governments frequently establish governmental audit requirements for entities to undergo an audit of their compliance with applicable compliance matters. To address such governmental audit requirements, the Auditing Standards Board issued Statement on Auditing Standards (SAS) No. 117, Compliance Audits, in December 2009. SAS No. 117 was primarily developed in response to the results of a federal study on the quality of single audits performed under Office of Management and Budget Circular A-133, Audits of States, Local Governments and Non-Profit Organizations, which showed that improvements were needed in many areas.
SAS No. 117 establishes standards and provides guidance on performing and reporting on an audit of an entity's compliance with applicable compliance requirements of a governmental audit. These standards apply for audits conducted in accordance with generally accepted auditing standards (GAAS), Government Auditing Standards, and a governmental audit requirement that requires an auditor to express an opinion on compliance. SAS No. 117 updates SAS No. 74 to reflect changes in the compliance audit environment and incorporates the risk assessment standards. It requires the auditor to adapt and apply the AU sections of AICPA Professional Standards to a compliance audit and provides guidance on how to do so. It also identifies the AU sections that are not applicable to a compliance audit, defines terms related to compliance audits, and identifies the elements to be included in an auditor's report on a compliance audit.
This webinar will address:
- The specific requirements of the new SAS,
- How a compliance audit differs from the financial statement portion of an audit, and
- Insight on how to implement the new compliance audit requirements.
SAS No. 117 is effective for compliance audits for fiscal periods ending on or after June 15, 2010, with earlier application permitted.
Please join us for this timely and informative training event. In addition to hearing scheduled segments from our speakers, you will be able to ask questions during a live Q&A session. This webinar offers something for all government auditors, comptrollers, and agency accountants. Please share this opportunity with others in your government interested in this topic.
Online registration will end at 4:30 p.m. ET on Friday, May 7, so register now!
A computer with Internet access and a phone are required for this event.
Date:
Tuesday, May 11, 2010
Time:
1:00 - 2:50 p.m. ET
Speakers:
Randy Roberts, Director, Professional Practice, Office of Arizona Auditor General, and current member of the AICPA Audit Standards Board
Eric Formberg, Partner, Assurance Services, Plante & Mora
CPE:
Two credits
Cost:
$249.00 per site (unlimited attendance)
Agenda: |
1:00 - 1:05 |
Welcoming Remarks - Kinney Poynter, Executive Director, National Association of State Auditors, Comptrollers and Treasurers |
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1:05 - 2:25 |
SAS 117: The New Auditing Standard on Compliance
Randy Roberts and Eric Formberg |
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2:25 - 2:45 |
Live Q&A |
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2:45 - 2:50 |
Wrap-up - Kinney Poynter |
Register:
Register online
Instructions and Materials: |
An email will be sent by Friday, May 7, by 4:30 p.m. ET to all who have registered for this conference with the instructions on how to join the conference and a link to the materials. Please note the instructional email will be sent only to the email address attached to the registration. |
Conference Objectives: |
At the conclusion of this webinar, participants will be able to:
- Identify the new provisions of SAS No. 117
- Understand how SAS 117 requirements differ from the previous standards of SAS No. 74
- Apply SAS No. 117 requirements in their audits
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Level of Knowledge: |
Overview |
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Experience Prerequisite: |
All government officials and employees are encouraged to attend. No advance preparation is necessary. |
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The National Association of State Auditors, Comptrollers and Treasurers is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417 or by visiting the web site www.nasba.org. |
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Speaker Bios: |
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Note: The presentations and bios are listed in the order scheduled to present |
| Randy Roberts, Director, Professional Practice, Office of Arizona Auditor General, and current member of the AICPA Audit Standards Board |
Bio |
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| Eric Formberg, Partner, Assurance Services, Plante & Mora |
Bio |
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Presentations: |
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Note: The presentations and bios are listed in the order scheduled to present |
| Randy Roberts, Director, Professional Practice, Office of Arizona Auditor General, and current member of the AICPA Audit Standards Board |
PPT |
PDF |
| Eric Formberg, Partner, Assurance Services, Plante & Mora |
"Group-Live" Forms (Attending in Groups) |
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"Group-Internet Based" Forms (Attending as Individuals) |
| CPE Request Form |
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CPE Request Form |
| Evaluation Form |
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Evaluation Form |
Sign-In Sheet
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Sign-In Sheet |
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