25th Annual Accounting and Auditing Update schedule released

The 25th Annual Accounting and Auditing Update is scheduled for October 11 & 12, 2016 from 8:00 AM—4:30 PM. Kathleen Davies, CPA-PA, CISA, CGFM, CGAP, CFE will be the 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 governmental CPE are available to participants. Training materials will be posted to website by October 6, 2016. The Brochure with registration is available for download.

Training Agenda:

Tuesday, October 11—Accounting:

GASB Update (GASB 76 through 82)
GASB Reporting Model – What is next?
GASB Other Specialized Applications such as Endowments, Research Grants, Commodities, Sabbaticals, Special Assessments, and Escheated Properties
Avoiding Common GFAO CAFR Review Errors
Internal Control Update – COSO/Green Book/GAFR/GFOA: An Elected Officials Guide
Wednesday, October 12—Auditing:

Analytical Review Update
SAS 129 through 131 & SSAE Updates
GAO’s Framework for Managing Fraud Risks in Federal Programs Released July 28, 2015
Why Is There Still So Much Fraud, Waste, And Abuse?

Training materials will be posted to website by October 6, 2016 at www.CKYAGA.com


kathleen-a-daviesKathleen A. Davies, CPA-PA, CISA, CGFM, CGAP, CFE

Ms. Davies has 25 years of experience that includes inspections, investigations, performance auditing, financial auditing, A-133 auditing, government and not-for-profit accounting, internal control assessments, process analysis and improvement, training1, professional development, human resource management, and IT auditing.

Ms. Davies is the Chief Administrative Auditor for the Delaware Auditor of Accounts. She is responsible for the administrative and the professional audit and investigative operations of the Office. In addition to performing and contracting for engagements, the Office also maintains a Fraud Hotline for the citizens of Delaware to report suspected fraud, waste, and abuse of Federal and State funds.
Ms. Davies came to Delaware in January 2010 via the New Jersey Office of State Comptroller (OSC), which was established in 2008. Her duties were to perform independent audits that focus on fraud, waste, and abuse for the almost 1,900 governmental units throughout the state. Ms. Davies joined the office as a member of the senior staff to help establish the OSC.

Ms. Davies began her career with the Pennsylvania Department of the Auditor General in 1991 and gained invaluable experience working on all types of engagements and administrative projects. In 1998 she was promoted to Quality Control for the Department and, in 2005, left the Department as the Director of Quality Control, Information Technology Audits, & Training to join the staff of the AICPA. As a member of the AICPA, Professional Ethics Division, she performed technical investigations of government and not-for-profit audits.

Ms. Davies has served, and continues to serve, on various committees and boards, including National State Auditor Association (NSAA) Quality Control Committee, and has extensive experience performing NSAA Peer Reviews on Independent State Audit organizations throughout the nation. Memberships include Government Financial Officers Association, International Association of Certified Information Systems Auditors, Association of Government Accountants, Institute of Internal Auditors, And American Institute of Certified Public Accountants. She also serves as the Executive Director for the Mid-Atlantic Intergovernmental Audit Forum and has served on the Executive Committee in various capacities for many years. She has most recently been invited to join the International Institute of Performance Auditors as an Advisory Board Member, and will be working with the group on developing an international certification program for performance auditors.


AGA programs schedule for 2016-2017 released


August 29, 2016
Diane Edelstein. CPA, Maher Duessel, Director of Quality Control
Single Audit Training
CPE Hours: 8

September 8, 2016
Evie Barry, Consultant, AGA
Citizen Centric Reporting Initiative
CPE Hours: 1

October 11-12, 2015
Kathleen Davies, CPA-PA, CISA, CGFM, CGAP, CFE, Deleware Chief Administrative Auditor
Fall Training – GASB Updates
CPE Hours: 16

November 10, 2016
Karen Roggenkamp, Deputy Executive Director/COO, Kentucky Retirement Systems
PPOB Presentation
CPE Hours: 1

December 8, 2016
Jim Arnette, 2015-2017 National President-Elect, National AGA
Internal Controls
CPE Hours: 2

January 12, 2017
Mark Schmitt, Mountjoy, Chilton & Medley
2016 Tax Updates
CPE Hours: 1

February 9, 2017
CPE Hours: 1

March 9, 2017
Special Agent Dana Chrisman, Federal Bureau of Investigation & US Secret Service
Ransonware: Facts, Threats & Countermeasures & Gas-pump Skimming Case
CPE Hours: 2

April 13, 2017
CPE Hours: 1

May 2017
Spring Training – Various Speakers
CPE Hours: 8

June 8, 2017
Michelle Sutton, CPA, Director of Accounting, Kentucky State University
Land Grant University, etc.
CPE Hours: 1


Training materials for the August training are available for download

Please feel free to download and print the presentation materials below for the August training event.

Uniform Guidance Presentation Handouts

Appendix 11C-1

Appendix 11C-4


August newsletter now available

This month’s newsletter features upcoming chapter professional development opportunities, CKY AGA’s national recognition for Citizen Centric Reports, the Treasurer’s Report, and a few Job Opportunities.

Read the August 2016 Newsletter.


Registration is open for the 2016 summer training event

The CKY AGA Summer 2016 Training Event will be held on August 29th from 8:00 am—4:30 pm at the Kentucky Transportation Cabinet located on 200 Mero Street in Frankfort, Kentucky. Doors open at 7:00 am. Lunch will not be provided, participants will need to provide their own lunch. 8 Hours of governmental CPE available as a result of this training. Diane E. Edelstein, CPA will present Uniform Guidance:

The following topics will be covered during the training:

  • Basic sections of Uniform Guidance
  • Understanding implementation dates
  • Admin Requirements
  • Cost Principles
  • Audit Requirements
  • Major Program Determination
  • Compliance Supplement
  • Testing Compliance and Related Internal Control over Compliance
  • Sampling
  • Reporting

Training materials will be available for download by August 23rd. We will share the link on our Facebook page. If you haven’t “Liked” our Facebook page please do so.

If you are interested in attending please download and fill out a registration form.


SPEAKER BIOGRAPHY: DIANE E. EDLESTEIN, CPAPartner at Maher Duessel Certified Public Accountants

Ms. Edelstein began her public accounting career in 1990 and joined Maher Duessel in 1996. She is the Director of Quality Control for the firm and is responsible for assuring our compliance in the AICPA Governmental Audit Quality Center. She serves as Partner to a broad base of clients including municipalities, human service providers, and agencies receiving HUD funding. Ms. Edelstein has a B.A. in Accounting (with Distinction) from George Mason University. She began speaking over 10 years ago on topics of Single Audit, Non-Profits and Governments. To learn more about Ms. Edelstein accomplishments please feel free to download her resume.


Subrecipient Monitoring and Management training slides are available for download

Lucinda V. (Cindy) Upton will present Subrecipient Monitoring and Management during the AGA Spring Training Event on May 23rd at the Kentucky History Center located at 100 West Broadway, Frankfort, Kentucky. Please feel free to download the slides and exercises before the training session.

Presentation Slides

Exercise 1

Exercise 2

Exercise 3

Subrecipient Monitoring and Management
(4 CPE / 200 Minutes) (ACCT/AUDG)

OMB’s Uniform Guidance codifies in regulation the requirements for pass-through entities to monitor and manage federal awards provided to subrecipients. This program describes the roles of pass-through entities, subrecipients, and auditors.


Registration open for Spring Training Event

CKY AGA Spring Training Event is scheduled for May 23rd from 8:00 am—4:30 pm at the Kentucky History Center located at 100 West Broadway, Frankfort, Kentucky. Doors open at 7:30 AM and lunch will provided by Family Affair Restaurant. 8 Hours of governmental CPE available. Download the brochure and registration form.

George Strudgeon, MBA, CGFM, CPA, CGMA will present The Ever Changing Single Audit (150 minutes) and Order from Chaos: Obtaining Audit Evidence from Systems (50 minutes). Strudgeon is an Audit Director at the Auditor of Public Accounts in Richmond, Virginia specializing in Compliance Assurance. His team coordinates the Single Audit for the Commonwealth of Virginia. He is on the National State Auditors Association’s Single Audit committee and represents the association twice annually at the Single Audit Roundtable meeting. Finally, George is on the Steering Committee of AGA’s Intergovernmental Partnership, which has produced products related to: Implementing Fraud Prevention Strategies; Developing Laws and Regulations; Reducing Future Improper Payments through Cooperative Audit Resolution and tools that assist state agencies in subrecipient monitoring programs.

Lucinda V. (Cindy) Upton, CPA, CGFM will present Subrecipient Monitoring and Management (200 Minutes). Upton earned a B.S. in Accounting from the University of Kentucky. She worked with the National Association of State Auditors, Comptrollers, and Treasurers for 10 years. During her 21 years with Kentucky state government, she enjoyed working in the Legislative Research Commission, Health Services, Inspector General’s Office, Medicaid Services, and State Auditor’s Office. Cindy now devotes her time to developing CPE programs.

The Ever Changing Single Audit
(3 CPE / 150 minutes) (AUDG)

This session will cover the emerging issues related to the Single Audits based on changes in the Uniform Grant Reform, the DATA Act and agency implementation regulations. We will also answer some of the questions submitted to OMB for consideration as FAQ and technical corrections to the Uniform Guidance.

Order from Chaos: Obtaining Audit Evidence from Systems
(1 CPE / 50 minutes) (AUDG)

Internal controls are integrated into IT systems but auditors still struggle with testing these controls to achieve their objectives, too often looking to paper for audit evidence. Learn how Virginia’s Auditor of Public Accounts has broken this reliance on paper, using application controls to test control activities through the system.

Subrecipient Monitoring and Management
(4 CPE / 200 Minutes) (ACCT/AUDG)

OMB’s Uniform Guidance codifies in regulation the requirements for pass-through entities to monitor and manage federal awards provided to subrecipients. This program describes the roles of pass-through entities, subrecipients, and auditors.

Download the brochure and registration form.


What’s New in Government Internal Control Standards

GAO Green Book presentation

On  April 14, 2016 Dawn Simpson, GAO will present What’s New in Government Internal Control Standards? The presentation will cover the GAO’s revision to the Standards for Internal Control in the Federal Government (Green Book), including the components, principles, and attributes; layout; and relationship to the Yellow Book. Feel free to download a copy of the powerpoint presentation before the meeting by clicking on the image above.

Dawn Simpson is an Acting Director on the Government Accountability Office’s (GAO) Financial Management and Assurance Team. She is responsible for major federal financial statement audits, including annual audits of the Schedule of Federal Debt, which currently presents about $18 trillion of federal debt, and the U.S. Government’s Consolidated Financial Statements. She is also responsible for federal debt and cash management issues, such as the statutory debt limit. She has been GAO’s representative to the International Supreme Audit Institutions’ Working Group on Public Debt since 2011. Ms. Simpson received her bachelor’s and master’s degrees in accounting from the University of Kentucky. She is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.


Gerry Boaz presents ‘The 21 Irrefutable Laws of Leadership’


During our February meeting Gerry Boaz presented ‘The 21 Irrefutable Laws of Leadership.’ His presentation was based on the John C. Maxwell book of the same name. Feel free to download the slide deck to Gerry’s presentation.

Gerry Boaz
Gerry Boaz

Gerry has been with the Tennessee Comptroller of the Treasury, Division of State Audit, since January 1995. He is a Certified Public Accountant and a Certified Government Financial Manager (CGFM). He was a Legislative State Auditor for five years before becoming State Audit’s Technical Manager. As a Legislative State Auditor, he served as an audit in-charge for three of the five years primarily on college and university audits. As the Technical Manager, he is primarily responsible for monitoring GASB, FASB, AICPA, OMB, and GAO accounting, auditing, and compliance standards relating to financial statement and financial-related audits. He reviews financial statement audits for adherence to the above principles and standards, as well as to AICPA auditing standards. He is responsible for responding to all due process documents of the above standard setters, as applicable. He serves as a representative of the National Association of State Auditors, Comptrollers, and Treasurers (NASACT) by observing and writing an account of the Governmental Accounting Standards Board (GASB) meetings.

He is a member of the AICPA’s Auditing Standards Board for a three-year term (January 2015-December 2017). He served as a member of the Government Finance Officers Association’s (GFOA) Committee on Accounting, Auditing, and Financial Reporting (CAAFR) for two three-year terms (2004-2009) and serves on the Special Review Committee for its certificate of achievement program. He represents State Audit on the National State Auditors Association’s Single Audit Committee and Auditing Standards and Reporting Committee (ASRC). He has served as a Vice Chair for both the Single Audit and ASRC committees. He is also an active member in the Association of Government Accountants (AGA). He was president of the Nashville AGA chapter for the 2006-07 program year. He served on AGA’s Professional Certification Board (PCB) for seven years (2007-2014) and as the Chair of the PCB for four of those years. He was also a member of AGA’s National Executive Committee as a result of being the Chair of the PCB. He currently serves on AGA’s Governance Committee. As of July 1, 2014, he is serving as AGA’s Southeast Regional Vice President. He is also a 2011 alumni of the Tennessee Government Executive Institute.

He has a BA degree in accounting with a German minor from Murray State University (MSU) in Murray, KY. He is a 1994 graduate of MSU. He is married to Melissa Boaz. He enjoys playing softball and golf.


Slides from Emerging Issues in Government Accounting are available for download

Emerging Issues in Government Accounting and Auditing

The slides from Kinney Poynter’s presentation on Emerging Issues in Government Accounting and Auditing are now available for download.


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