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26th Annual Accounting & Auditing Update

The 26th Annual Accounting and Auditing Update is scheduled for October 24 & 25, 2017 from 8:00 AM—4:30 PM. Wes Galloway, GASB will be a guest speaker. The event will be held at the Kentucky History Center located at 100 West Broadway Street, Frankfort, Kentucky. Doors open at 7:30 AM. Lunch will be catered by Family Affair Catering. Morning and afternoon snacks and beverages will also be provided. Sixteen Hours of CPE will be available including 12 hours governmental, 2 hours of ethics, and 2 hours fraud training. Training materials will be posted to website before the event. The Brochure with registration form is available for download.

Tuesday, October 24, 2017  8:00 AM—4:30 PM

GASB Update (4 Hours), Wes Galloway, GASB

This session will provide an overview of the GASB pronouncements that become effective this year and in the coming fiscal years, including new guidance for OPEB employer reporting, fiduciary activities, asset retirement obligations, tax abatements, and the new leases reporting model.  The session also will highlight projects on GASB’s current technical agenda and research agenda, including the reexamination of the governmental financial reporting model.

Fraud (2 Hours), Glenda Ostrander, Director of Internal Audit for Gwinnett County Public Schools, Atlanta, GA

Ethics (2 hours), Bobby Derrick, AGA

 

Wednesday, October 25, 2017 8:00 AM—4:30 PM

Uniform Guidance (8 Hours), Diane Edelstein, Maher Dussel

 

Speaker Bio:

Wesley A. Galloway is a senior project manager at the Governmental Accounting Standards Board and is a frequent speaker on governmental accounting.  He serves as the GASB liaison to governmental utilities, hospitals, and higher education organizations.  Since joining the GASB staff in 1996, Mr. Galloway has worked on numerous GASB Statements and projects.  More recent projects include leases, debt extinguishments, and equity interests reporting.

Mr. Galloway has also conducted research on the effectiveness of GASB standards as a research fellow at the Financial Accounting Foundation, which oversees the GASB.

Mr. Galloway is a graduate of Brigham Young University and is a member of the AICPA.

 

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