The Single Audit Series - 2011

3 Seminars Designed Specifically for Single Auditors

Qualifies for the 24 hours of Yellow Book CPE

3 TOPICS, 3 PRESENTERS, 3 DAYS!

• Yellow Book Standards—Leita Hart-Fanta, CPA, CGFM, CGAP
• Single Audit Standards—Bill Allen, Jr., CPA
• GASB Update—Terry Patton, Ph.D., CPA., CGFM

June 1–3, Phoenix, Black Canyon Conference Center
June 8–10, Fort Worth, Norris Conference Center
June 15–17, Orlando, Springhill Suites Marriott Airport

DAY 1: An Introduction to Yellow Book Standards

The GAO's standards (GAGAS) are currently the most stringent auditing standards on continuing education, independence, and quality control review. OMB Circular A-133 (The Single Audit Requirements) mandates the use of the Yellow Book in conducting audits of significant federal grants, including ARRA funds. Major topics include: Audit plans, audit reports, continuing education, independence, ethics, and quality control.

Objectives:

• Define requirements for peer review and quality control
• Use the elements of a finding to flesh out an audit issue
• Recognize when the yellow book is applicable
• Assess auditor independence when conducting non-audit services
• Determine compliance with reporting, evidence, planning, and documentation requirements

DAY 2: OVERVIEW A-133 AUDIT

Performing A-133 audits and implementing the new "Risk-Based" audit standards should not be a losing battle and/or result in write downs. Instead, learn how to win the war using effective and efficient audit tools and techniques. Start by reviewing live examples to learn what types of risk exists in A-133 audits. Then move forward as you discover where to look and how to design appropriate tests for proficiently auditing major programs and discovering if misstatements exist.

If you are having working paper issues and/or trouble with A-133 audit forms provided by a third party vendor this session will provide you with some working paper tips and some logical forms and ways to perform a Single Audit. The course will show you what must be done in a single audit to avoid Federal Quality Reviews and when to use Computer Assisted Audit Techniques (CAATs) to increase your proficiency. Major subjects include: Federal awards, including ARRA grants, single audit sampling, SAS 117, the new AICPA audit guide, risk assessment, federal guidance including the compliance supplement, tips for audit efficiency, and data mining.

Objectives:

• Locate federal awards guidance and requirements
• Assess risk and determining the major programs
• Discern significant sections of the Compliance Supplement
• Discuss how to proficiently perform an A-133 audit
• Use data mining to assist in performing an A-133 audit

DAY 3: GASB Standards and Applications

The GASB has been busy again—issuing several new standards over the last year. When you leave this session, you will be up-to-date on the requirements of the new GASB Standards and what to expect in the near future. Participants will learn the recently issued Standards by working through short simulations, answering implementation questions, and reviewing examples from government’s financial statements.

Major topics include: Changes to governmental fund balance definitions, changes to governmental fund type definitions, the financial instruments omnibus, changes to reporting entity reporting requirements, service concession arrangements, pensions and OPEB, the codification of Pre-November 30, 1989 FASB and AICPA pronouncements

Objectives:

• Describe and apply the new governmental fund balance reporting requirements
• Define and apply the new governmental fund type definitions
• Interpret the financial instruments omnibus
• Describe and apply the new reporting entity reporting requirements
• Describe and apply the new service concession arrangements reporting requirements
• Review financial reporting for pensions and OPEB
• Review the codification of Pre-November 30, 1989 FASB and AICPA pronouncements

Who should attend: Auditors seeking to comply with OMB Circular A-133

Program level: Intermediate

Prerequisites: More than one year of auditing experience

Delivery method: Group live

Advance preparation: Review OMB Circular A-133 and Chapters 1–5 ofGAGAS

Recommended CPE credit: 24 hours

Leita Hart-Fanta, CPA, CGFM, CGAP makes auditing fun and easy. Leita is the author of numerous self-study courses on governmental auditing including The Yellow Book Interpreted and The Risk Assessment SASs. She is the creator and owner of Yellowbook-CPE.com and has led over 900 seminars and workshops for state societies of CPAs, Western CPE, CPA firms, and federal and local government audit shops. She is a monthly columnist for Single Audit Magazine.www.auditskills.com

William V. Allen, Jr., CPA (The Audit Wizard)Bill is currently President of Making Auditors Proficient, inc (MAP). MAP provides training, technical assistance, monitoring, inspections and other services to local CPA firms throughout the United States. Their specialty and what gives them a unique approach to the various services is their proficiency in logical auditing resulting in effectiveness and efficiency in audits. Bill is a recognized expert in Audits of Governmental and Not-For-Profit Entities as well as Single Audits. He was the Audit Partner for the City of Los Angeles audit from 1985 to 1991. He was also a Partner in a Local Firm in northern California with responsibility for over 50 small and medium sized audit engagements. In addition to his audit practice, Bill performs many peer reviews throughout the country. Bill is also a speaker at many State and National Conferences and is currently serving a third term as a member of the Florida Institute of CPA’s Peer Review Committee. He is also a former member of the AICPA Government Accounting and Auditing Committee. www.billallen.com

Terry Patton, Ph.D., CPA., CGFM, is the Robert Madera Distinguished Professor of Accounting at Midwestern State University in Wichita Falls, Texas, where he teaches governmental accounting and auditing courses. He is the author of numerous articles on governmental accounting; co-author of a leading governmental accounting textbook, Governmental and Nonprofit Accounting, 9th Edition Revised (Pearson-Prentice Hall); and was coauthor of PPC’s Guide to Governmental Financial Reporting Model: Implementing GASB’s No. 34. Previously, Dr. Patton was the Research Manager at the Governmental Accounting Standard Board (GASB). In his eight years at the GASB, he was part of the project team on numerous GASB Standards, including major projects such as GASB Statement No. 34, Basic Financial Statements – Management’s Discussion and Analysis – for State and Local Governments, Statement No. 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions, and Statement No. 53, Accounting and Financial Reporting for Derivatives.

TO REGISTER FOR EVENT:

1. Download and complete registration form
2. Fax or mail as directed on form (include payment if not paying online)

To pay online, click the appropriate button below:

	One-Day Pass
	Two-Day Pass
	Three-Day Pass

SCHEDULE:
Registration: 8 a.m.
Course begins: 8:30 a.m.
Lunch: 11:30 a.m.
Day ends: 5:00 p.m.

A Fun to read Article on Cost Accounting

Can Less Be More?

http://www.auditnet.org/articles/TC201012.htm

Are Our Heros Taking Advantage of Us?

2 trillion for the war on terror!

Trillion. Not million, not billion. $2,000,000,000,000 Sunday's paper held an unpleasant number. The U.S. Government spent $2 trillion on its war on terror for the past decade, more than 20% of our national debt of $9.68 trillion. (Bloomberg News)

Yes, I know that my last article praised the military for doing a great job of finally ridding us of Osama bin Laden. But two trillion dollars? I mean, really!

Last night I had dinner with an unusually frank ex-Airforce Sargent, who said the waste and fraud that goes on in the military is intolerable. The 'use it or lose it' mentality of budgeting causes military leaders to spend like there is no tomorrow at the end of the year. Because if they don't spend it, they will lose the funding next year.

He said that he brought this wasteful behavior up to his superiors who were surprised he was complaining. Wasn't he benefitting from having a military job and pension? "Don't mess with a good thing," was their attitude.

I saw this in state government, too. Early in my auditing career, checking for excessive spending in the last quarter was a standard part of our audit procedures. One small court had purchased so much paper and office supplies, that they consumed an employee's office with storage and the employee had to share with another staff person for half of the year.

But back to the military. The Department of Defense is unable and unwilling to prepare a financial statement describing what they do with the money they are appropriated. This refusal means that the federal government financial data will never be accurate. The reason we hear so many different numbers on what our deficit actually is is in part due to this lack of transparency and truth telling.

Yes, I love and appreciate our men and women in uniform. But love doesn't mean they get to run loose with my pocketbook. I see the same 'they are beyond questioning' approaching going on with emergency services and police departments on the local level. Yes, their function is important. But NO, they don't need that additional toy. Just because an expensive high tech toy exists to fight crime and enemies doesn't mean we must have it. Politicians mistakenly treat these guys as untouchable.

Yes, I know everyone else in the world feels this way about government waste. But the big question is, if everyone knows this and everyone dislikes it, why does everyone just shrug their shoulders and play along?

I am reminded of a book I read on forgiveness. This book begins with horrible stories of natural disaster and war and human rights attrocities. But when the aid workers began their counseling with the victims – the victims weren't focused on the big picture and the politics and the desire to change the situation – they were worried about their girlfriends, children, and families. Does the day-to-day in-our-face concerns keep us from making or demanding big changes?

I visited my mother in Poland a decade ago. She was living there for a year teaching English. The Poles have been invaded and mistreated by the communists and the Nazis. The current government system is so oppressive that they don't have time to innovate or think of change or doing anything different. Their day-to-day life is still about basic survival. I left Poland realizing how lucky I am to be in a country that doesn't completely squash me down and take away any motivation I have to achieve.

But as you have seen in prior blog posts – this deficit thing is really worrying me. Our government is consuming more and more and more every time I turn around. This morning, I heard on NPR that the military is going to get $15 billion more in the next budget cycle.

Is the government now working against me. Will I work my ass off so that my children will end up with less than I have? Are we all too busy trying to survive to handle the bigger issues?

Those that we revere and hold up as heros are ripping us off and working the system. That is a big issue - now what are we going to do about it?

Getting Liquid

Maybe I know too much or worry too much. Or both. But my husband and I recently decided it would be best to be liquid so we sold our house.

It was a very nice house – with beautiful built-ins, granite, spa tub, bla bla bla. 3300 square feet and it was so nice, it sold in 3 days in a down market. Man, was that hard to let go of and move out of. And we lost money on the deal. Serious money. Now we are in a 1500 square foot apartment and most of our ‘stuff’ is in storage.

Why would we do such a crazy thing? Because my husband always thought the house was a mistake and because I have been watching Tracor, Dell and the feds.

My ex-husband worked for Tracor, a defense contractor when he graduated from college. He was so happy to have a job at Tracor as they were one of the largest employers in Austin at the time. Tracor had a lovely campus with 8 buildings, underground parking, on-site cafeteria, and deer running through the campus. The test equipment labs made my engineer husband drool.

But when Clinton came into office, business dried up for Tracor. And because they were run by ex-military men and engineers and they had all of their money tied up in stuff, they were not light on their feet. It took Tracor years to die a painful death. My ex-husband’s best friend Chuck was laid-off and hired back at Tracor 8 times.

Contrast this with Dell. Dell is now one of Austin’s major employers. Dell has maintained $19 billion in cash for a decade. Dell’s buildings and all fixed assets total only 1/3 of a billion dollars. Dell is highly liquid. If things go bad, Dell can survive for long periods of time. And things are not that great for Dell right now. But they can survive a market downturn and some bad decisions and still keep their doors open because of all of that cash.

If you have read Dave Ramsey’s book on personal financial management, he coaches us to be debt free and put a large amount of cash in reserve.

But I was going the opposite way in my personal finances. My inflated ego believed I needed a tricked out house and a fancy car and fancy furnishings. So I bought them. Some of them on credit. Then my husband and I decided that since I travel so much, he should stay home with the kids. Then we decided that my kids should go to private school. Then my husband became uninsurable because of an injury and we are paying triple rates for him… do you see what is going on? I am getting flushed down an American life toilet! And my stress level was intense. And truth be told, all of that tricked out stuff wasn’t making me happy.

I make very good money and love my job, my uninsurable husband, and my kids and their school. I have a great life. The other night, as we were having family movie night in our little apartment, I realized that I was just as content and pleased in the apartment as I was in my crazy big house. We may never buy a house again.

Maybe we are too aware of what is going on at the federal level and with the world economy. We are a nation in serious debt. Inflation is going crazy and I don’t care what the fed’s numbers say about that… I see it when we buy a bag of apples or fill up at the pump.

We are completely debt free right now and have a healthy cash reserve. I feel like Dell – on a much, much smaller scale. I feel like I can weather a few storms. I have corrected my financial trajectory. Now, if I could just keep my American princess ego in check…

Provide for the Common Defense

From the first line of the Constitution the United States: We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

And today, the Federal Government boldly fulfilled one of its directives and purposes to 'provide for the common defense', by killing Osama bin Laden. Arguably, this is the clearest of the Federal government's responsibilities.

I am not as elated about this event as the young revelers at Time Square. I am a little older and a little less willing to rub victories in our enemies' faces. Osama bin Laden has shaped my life in subtle and not-so-subtle ways. Knowing that I am hated just because of my place of birth, race, and religion is unsettling - no doubt.

The first time I encountered this kind of thinking was as a college student on the UT campus when I heard Lewis Ferricon say that all white people should be eliminated. What? Me?

Hatred appeared again later when bin Laden attacked and destroyed the Wall Street district hotel my husband and I had stayed in just a year before. My husband proposed to me at the Statue of Liberty in 2000. I married on September 1, 2011 (the other 911 as my husband calls it) and 12 days later honeymooned and worked on a Mediterranean Cruise for Western CPE.

I was on the first plane leaving Dallas for Paris after the attack. I was sick with worry, but in Paris, i started to normalize again. The French we encountered could have cared less what American's had experienced just three days before. They were as rude and unaffected as always. And as we visited historic site after historic site, I realized how protected and safe we Americans really were. In Malta, the church we visited was bombed by the Nazis on Sunday morning. In Rome, we saw the ruins of the temples of one of the greatest civilizations in the world. And it helped us all to see how 911 fit into a bigger world history of struggle and hatred and destruction.

Business took me to Manhattan when I was pregnant with my first child. Again, we stayed in the Wall Street district. The first night of my stay, my husband and I were awakened by the fire alarm at 1 a.m.. We were 30 floors up. I have never been so terrified. It ended up being nothing - but terrorism had clearly left its tattoo on my psyche.

Friday, my family watched a silly kids movie that featured the Twin Towers. McCauly Caulkin was on the roof, soaking in the glory of New York City and I put my finger to my mouth to keep my husband from telling the girls about what happened to those towers. We will have to explain it to them soon enough when we visit Manhattan this summer. Or maybe we won't. They might still be too young to find out how far hatred can go.

I'd like to believe that we can all hold hands and 'teach the world to sing in perfect harmony" but that doesn't work well when someone in your love circle would like to see you wiped off the planet.

I am glad that someone powerful who hates me and seeks to destroy me and my family is dead. And for this, I can thank the federal government who fulfilled their mission to provide "for the common defense." Thank you, thank you, thank you.

Governments are Freaky

So, even after reading last month’s article about the nature of audit work in the government realm, you are still interested in taking governmental clients on? Well, I need to warn you, you are going to have to adjust to a different sensibility and attitude to pull it off.

In Austin, our city motto is “Keep Austin Weird.” We are proud of being a little odd. My uber- conservative in-laws in Lubbock think everyone in Austin is a pot smoking, tie-dye shirt wearing freak. Since I do not smoke pot or wear tie-dye, I guess I’ll just have to remain a simple freak in their eyes. (Wait! Why be simple? Super freak, super freak, we’re super freakin’ yeah!)

And living this town of super freaks means you either work for Dell, the University of Texas, or the State. I work for all three. And man, do those cultures differ! I also work for CPA firms on a regular basis. I have to adjust how I communicate to succeed in each of those environments.

At Dell, I have to talk fast and pack in the learning. They routinely ask me to compress a full-day seminar into an hour. They don’t seem to appreciate stories or jokes because they are all business. In the government realm, I allow for much more interaction and questioning. And government employees really appreciate a good laugh, presumably because they seriously need one!

Staff at CPA firms are often frightened of talking to me because they don’t want to look bad in front of their management. So, I am often unsure if I am going too fast or not! They will laugh along with me in the afternoon only after they verify with their leadership at lunch if laughing is permissible and ensure that someone withclout really did hire me – like on purpose! Government employees are not afraid to speak out and say what is so. It is damn hard to fire them, and many of them know it.

But, before you begin that old saw/myth/put-down about government employees having nowhere else to go, think again. My favorite, off-the-charts brilliant go-to technicians have government careers. Every environment I have taught in has its fair share of employees with dim bulbs. Or maybe the bulb isn’t dim, they just hate being where they are and aren’t engaged, helpful, or willing to learn. I can’t give everyone an IQ test or a motivations quiz before I begin – so I just have to guess what’s up. And I guess that every team includes folks who don’t care or don’t have the mental capacity to care.

And if you think government workers receive low wages, you obviously aren’t taking into account their pension plans and health benefits. My financial planner said his wealthiest client is a city employee. They are set for life in many cases.

So here are a few tips to help you adjust your mindset so you can succeed with your government clients:

· In government, only things that are allowed are pursued. In corporations, folks purposely pursue that which is not expressly disallowed. In government, being a rogue, self-starter who makes your own rules will kill you! In a corporate environment, risk-taking is valued and can make you rich! Governments act at the will of those they serve, and most governments don’t make a move without permission. Bureaucracy and multiple levels of approval keep employees from doing anything radical or foolhardy with the public’s resources. But these extra layers of bureacracy can also slow government staff down to a crawl when it comes to simple decisions. In government, beware the bureaucratic paper pusher! They may not appear to be a mover and a shaker, but they can lock you down and keep you from getting anything done.

· Laws are not road tested until they are operational. When a legislature or governing board passes a law, it is up to the government bureaucrats to implement the law. Even if the law is flawed, creates a ton of work, and has unintended consequences, once the ball starts rolling, it is virtually impossible to stop. So, what does this mean for you? That you might end up auditing some programs that really hurt your political sensibilities. A program will be so outright silly and offensive that you can hardly talk about it with a straight face, and there you will be struggling to remain independent and objective. If you are a member of the Tea Party, auditing government programs might not be a wise gig choice.

· Federal auditors dig, CPA firms skim. I worked with a federal inspector general who routinely spent 6 months on projects and created 80-page long rambling reports. When they got a hold of an issue, they were proud to say they dug and dug until they resolved it (and exhausted everyone in the process!) They did not have to worry about time budgets or expectations of their clients. CPA firms are often exactly the opposite. CPA firms are motivated to get in and get out of an engagement so they can move on and make money somewhere else. CPA firms tend to skim the surface of a variety of subject areas and dig only when absolutely necessary if at all. I had one partner in a CPA firm in California ask me if anyone really wrote up findings out there; he never did (!). Obviously, there is a happy medium between the extremes that some teams are able to strike. This cultural difference can be painful for the CPA firm because these digging feds are one of the customers of the audit. Are the feds ever going to be happy with a skimming approach to auditing? No! They design their audit expectations to be very granular and detailed because that is how they audit. Know this going in and decide whether your firm’s culture can come a little closer to the middle. In other words, you need to dig more to make your government client happy.

· The feds have very high expectations but often don’t make the grade themselves. The federal government makes all sorts of rules for others to follow. The criteria that the auditor must evaluate a federal program against under Single Auditrequirements is legion and intense. But we all have to remember that the federal government still cannot create a financial statement that the GAO can express an opinion on. When you call them, sometimes they can answer your questions and sometimes they can’t. And when they can’t, you are left to interpret law and regulations for yourself. And don’t think that later someone might review your work and decide that you made an erroneous interpretation. And that gets us to my next point…

· Your reports (and maybe your working papers) will be scrutinized by desk reviewers and others. Your auditee may answer to multiple governments – the city, the state, the feds - and each of these governments may review your audit reports. They will check them for quality, and if they are concerned about the quality, they might request to review your working papers. This is a little more involved than auditing Joe’s Manufacturing on behalf of the bank.

· The ultimate customer is not the auditee. On a commercial audit – say of Joe’s Manufacturing, your main client is Joe and the bank. Joe doesn’t necessarily want you airing all of his dirty laundry in an audit report. He wants a clean opinion so he can get a loan. The bank doesn’t want to know about petty issues, they just want some assurance that Joe isn’t lying like a dog on his financial statements. So the guy you are auditing and the guy you are serving are the same or motivated by the same things. In the government realm, the guy you are auditing is not the guy you are serving. One of my favorite quotes from the Yellow Book is “A distinguishing mark of a government auditor is acceptance of responsibility to serve the public interest.” When you are auditing a housing project, your client isn’t the owner of the project, the manager of the project, or even the feds. It is the 3-year-old girl who lives in the project with her single mother. Did I get emotional on you there? Good. That is the mindset that will serve you best when auditing government programs. Righteous, yes. Important work, yes. Very important work. Go ahead, air the dirty laundry, shine light in the dark corners. In the government realm, the auditor may be the only person involved on the project that can and will tell the truth.

Next month, let’s talk about special requirements of performing government audits that often take CPAs aback during my seminars.

Want to know more about Single Audits- try the self-study course, the Single Audit Primer at HTTP:\\WWW.YELLOWBOOK-CPE.COM

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Single Audit Series 3 day course - one month away!

The Single Audit Series - 2011

3 Seminars Designed Specifically for Single Auditors

Qualifies for the 24 hours of Yellow Book CPE

3 TOPICS, 3 PRESENTERS, 3 DAYS!

• Yellow Book Standards—Leita Hart-Fanta, CPA, CGFM, CGAP
• Single Audit Standards—Bill Allen, Jr., CPA
• GASB Update—Terry Patton, Ph.D., CPA., CGFM

June 1–3, Phoenix, Black Canyon Conference Center
June 8–10, Fort Worth, Norris Conference Center
June 15–17, Orlando, Springhill Suites Marriott Airport

DAY 1: An Introduction to Yellow Book Standards

The GAO's standards (GAGAS) are currently the most stringent auditing standards on continuing education, independence, and quality control review. OMB Circular A-133 (The Single Audit Requirements) mandates the use of the Yellow Book in conducting audits of significant federal grants, including ARRA funds. Major topics include: Audit plans, audit reports, continuing education, independence, ethics, and quality control.

Objectives:

• Define requirements for peer review and quality control
• Use the elements of a finding to flesh out an audit issue
• Recognize when the yellow book is applicable
• Assess auditor independence when conducting non-audit services
• Determine compliance with reporting, evidence, planning, and documentation requirements

DAY 2: OVERVIEW A-133 AUDIT

Performing A-133 audits and implementing the new "Risk-Based" audit standards should not be a losing battle and/or result in write downs. Instead, learn how to win the war using effective and efficient audit tools and techniques. Start by reviewing live examples to learn what types of risk exists in A-133 audits. Then move forward as you discover where to look and how to design appropriate tests for proficiently auditing major programs and discovering if misstatements exist.

If you are having working paper issues and/or trouble with A-133 audit forms provided by a third party vendor this session will provide you with some working paper tips and some logical forms and ways to perform a Single Audit. The course will show you what must be done in a single audit to avoid Federal Quality Reviews and when to use Computer Assisted Audit Techniques (CAATs) to increase your proficiency. Major subjects include: Federal awards, including ARRA grants, single audit sampling, SAS 117, the new AICPA audit guide, risk assessment, federal guidance including the compliance supplement, tips for audit efficiency, and data mining.

Objectives:

• Locate federal awards guidance and requirements
• Assess risk and determining the major programs
• Discern significant sections of the Compliance Supplement
• Discuss how to proficiently perform an A-133 audit
• Use data mining to assist in performing an A-133 audit

DAY 3: GASB Standards and Applications

The GASB has been busy again—issuing several new standards over the last year. When you leave this session, you will be up-to-date on the requirements of the new GASB Standards and what to expect in the near future. Participants will learn the recently issued Standards by working through short simulations, answering implementation questions, and reviewing examples from government’s financial statements.

Major topics include: Changes to governmental fund balance definitions, changes to governmental fund type definitions, the financial instruments omnibus, changes to reporting entity reporting requirements, service concession arrangements, pensions and OPEB, the codification of Pre-November 30, 1989 FASB and AICPA pronouncements

Objectives:

• Describe and apply the new governmental fund balance reporting requirements
• Define and apply the new governmental fund type definitions
• Interpret the financial instruments omnibus
• Describe and apply the new reporting entity reporting requirements
• Describe and apply the new service concession arrangements reporting requirements
• Review financial reporting for pensions and OPEB
• Review the codification of Pre-November 30, 1989 FASB and AICPA pronouncements

Who should attend: Auditors seeking to comply with OMB Circular A-133

Program level: Intermediate

Prerequisites: More than one year of auditing experience

Delivery method: Group live

Advance preparation: Review OMB Circular A-133 and Chapters 1–5 ofGAGAS

Recommended CPE credit: 24 hours

Leita Hart-Fanta, CPA, CGFM, CGAP makes auditing fun and easy. Leita is the author of numerous self-study courses on governmental auditing including The Yellow Book Interpreted and The Risk Assessment SASs. She is the creator and owner of Yellowbook-CPE.com and has led over 900 seminars and workshops for state societies of CPAs, Western CPE, CPA firms, and federal and local government audit shops. She is a monthly columnist for Single Audit Magazine.www.auditskills.com

William V. Allen, Jr., CPA (The Audit Wizard)Bill is currently President of Making Auditors Proficient, inc (MAP). MAP provides training, technical assistance, monitoring, inspections and other services to local CPA firms throughout the United States. Their specialty and what gives them a unique approach to the various services is their proficiency in logical auditing resulting in effectiveness and efficiency in audits. Bill is a recognized expert in Audits of Governmental and Not-For-Profit Entities as well as Single Audits. He was the Audit Partner for the City of Los Angeles audit from 1985 to 1991. He was also a Partner in a Local Firm in northern California with responsibility for over 50 small and medium sized audit engagements. In addition to his audit practice, Bill performs many peer reviews throughout the country. Bill is also a speaker at many State and National Conferences and is currently serving a third term as a member of the Florida Institute of CPA’s Peer Review Committee. He is also a former member of the AICPA Government Accounting and Auditing Committee. www.billallen.com

Terry Patton, Ph.D., CPA., CGFM, is the Robert Madera Distinguished Professor of Accounting at Midwestern State University in Wichita Falls, Texas, where he teaches governmental accounting and auditing courses. He is the author of numerous articles on governmental accounting; co-author of a leading governmental accounting textbook, Governmental and Nonprofit Accounting, 9th Edition Revised (Pearson-Prentice Hall); and was coauthor of PPC’s Guide to Governmental Financial Reporting Model: Implementing GASB’s No. 34. Previously, Dr. Patton was the Research Manager at the Governmental Accounting Standard Board (GASB). In his eight years at the GASB, he was part of the project team on numerous GASB Standards, including major projects such as GASB Statement No. 34, Basic Financial Statements – Management’s Discussion and Analysis – for State and Local Governments, Statement No. 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions, and Statement No. 53, Accounting and Financial Reporting for Derivatives.

TO REGISTER FOR EVENT:

1. Download and complete registration form
2. Fax or mail as directed on form (include payment if not paying online)

see http:\\WWW.YELLOWBOOK-CPE.COM under Single Audit Series to register!

To pay online, click the appropriate button below:

	One-Day Pass
	Two-Day Pass
	Three-Day Pass

SCHEDULE:
Registration: 8 a.m.
Course begins: 8:30 a.m.
Lunch: 11:30 a.m.
Day ends: 5:00 p.m.