in session!
SDA
2014
School District Audit Conference
Wednesday, May 28 Country Springs Hotel & Conference Center Pewaukee, WI
Thursday, May 29 Holiday Inn Hotel & Convention Center Stevens Point
The 2014 WICPA School District Audit Conference is in session! Be prepared to take lots of notes at this year’s
School District Audit Conference
because you won’t receive this many updates anywhere else!
There’s no better way to get all the information you need than by hearing directly from the source that sets the auditing standards and procedures for school district audits. Combine that with our highly regarded experts presenting this year, plus two chances to attend, there’s no excuse to be absent!
in session!
SDA
2014
School District Audit Conference
Wednesday, May 28 Country Springs Hotel & Conference Center Pewaukee, WI
Thursday, May 29 Holiday Inn Hotel & Convention Center Stevens Point
Who Should Attend This conference is designed for beginner and advanced auditors of Wisconsin public school districts and Private School Choice Program (PSCP) schools looking for the latest auditing updates, developments and tools to better serve school districts and their communities. Auditors interested in auditing PSCP schools are encouraged to attend Wednesday and choose either a full day that includes PSCP sessions or the PSCP only option.
Conference at a Glance Wednesday, May 28
thursday, May 29
8:05 – 10:15 a.m.
1:45 – 2:45 p.m.
8:05 – 9:35 a.m.
DPI Update
—Fund
— OMB
stevens Point
Pewaukee
10:25 – 11:55 a.m.
Federal Awards Update 11:55 a.m. – 12:35 p.m.
Networking Lunch 12:35 – 1:35 p.m.
— Fraud
: Real-Life Examples — The New Statewide Voucher Program
73 Accounting Issues — Post-Employment Benefits 101 — Private School Choice Programs: Financial Information Report 2:55 – 4:25 p.m.
— OMB
Grant Reform: Super Circular — The Beginner Auditor & Single Audit Basics — Private School Choice Programs: Enrollment Audits & the Online Application System
Grant Reform: Super Circular — The Beginner Auditor & Single Audit Basics 9:45 – 11:15 a.m.
Federal Awards Update 11:25 a.m. – 12:25 p.m.
—Fund
73 Accounting Issues —Post-Employment Benefits 101 12:25 – 1:05 p.m.
Networking Lunch 1:05 – 2:05 p.m.
Fraud: Real-Life Examples 2:15 – 4:25 p.m.
DPI Update
Wednesday, May 28: Pewaukee 7 – 8 a.m. Registration & Networking
8:05 – 9:05 a.m. GENERAL SESSION DPI Update
8 – 8:05 a.m. Welcome & Opening Remarks
Finance Auditor,
Consultant,
Eugene Fornecker, CPA, School Finance Auditor, Brian Kahl, CPA, School Finance Auditor,
Rachel Zellmer, Federal Fiscal Monitoring Consultant,
Jean M. Hansen, CPA, MBA, CGMA, WICPA Board
Chair and Vice President of Finance, Manitowoc Tool & Machining LLC Wendi M. Unger, CPA, WICPA Conference Planning Task Force Chair and Partner, Baker Tilly Virchow Krause, LLP
Save
$30
When you Register
by May 14!
Michele Gundrum, CPA, CGFM, School
10:25 – 11:55 a.m. GENERAL SESSION Federal Awards Update Kathryn Guralski, CPA, Federal Fiscal Monitoring Wisconsin Department of Public Instruction
Wisconsin Department of Public Instruction
Get all the important 2013–2014 audit updates you need during this session with topics covering DPI reporting and auditor compliance with DPI regulatory requirements, including a discussion of Fund 80 and common state program findings.
9:05 – 9:15 a.m. Networking Break 9:15 – 10:15 a.m. Session Continues
Stay informed with this update on proposed federal regulations and fiscal monitoring of federal awards by the state, including how these proposed changes and fiscal monitoring will impact Wisconsin school districts. Topics to be discussed include common audit findings, WISEgrants, monitoring by the state under the new OMB Super Circular, auditing Individuals with Disabilities Education Act (IDEA) grants, third party grant arrangements, proposed federal regulations affecting IDEA maintenance of effort and determining special education excess cost.
11:55 a.m. – 12:35 p.m. Networking Lunch
10:15 – 10:25 a.m. Networking Break
continued
Wednesday, May 28: Pewaukee (cont’d) 12:35 – 1:35 p.m. CONCURRENT SESSIONS Fraud: Real-Life Examples David Maccoux, CPA, Shareholder, Schenck SC
Through the use of real-life examples, this session will help you gain a greater understanding of fraud, what red flags may be present and how they can impact your audit planning and completion of school district audits. Emphasis will be placed on the examination of the internal control weaknesses that lead to fraud and how just a few key factors can minimize even the smallest school district’s risk.
The New Statewide Voucher Program Terry Casper, CPA, School Finance Auditor, Andrea Kratz, CPA, School Finance Auditor, Wisconsin Department of Public Instruction
This session will explain the new statewide voucher program, the Wisconsin Parental Choice Program, including who may participate, how pupils are allocated seats and the requirements of the program. It will also provide data on the number of applicants to the program and participating schools.
1:35 – 1:45 p.m. Networking Break 1:45 – 2:45 p.m. CONCURRENT SESSIONS Fund 73 Accounting Issues Michele Gundrum, CPA, CGFM, School Finance
Auditor, Wisconsin Department of Public Instruction
With the significant changes in the benefits now offered by districts, both for retirement and active employee use, Fund 73 account codes and requirements have had to adapt. This session will dive into these changes, including HRAs, prefunding of sick leave, accounting for market value fluctuation, and the revised calculation of the implicit rate subsidy. Additional discussion will address accounting for OPEB contributions for defined benefit plans that no longer have any active employee plan members, as well as issues that came up during the Fund 73 portion of the Annual Report review.
Post-Employment Benefits 101 Linda Mont, RHU, Senior Benefit Consultant & Managing Member, Key Benefit Concepts, LLC
The Beginner Auditor & Single Audit Basics
Brian Kahl, CPA, School Finance Auditor,
Wisconsin Department of Public Instruction
Learn about the types of post-employment benefits and the process by which the actuarial team defines, determines and projects obligations as found in the post-employment actuarial valuation. A sample report will be used to demonstrate how to apply this information to complete the auditor’s financial reporting in the year a valuation is performed, as well as the subsequent year.
Lisa M. Salo, CPA, Audit Manager,
Private School Choice Programs: Financial Information Report
Discussion will also provide an overview of the requirements of the Federal Single Audit, including planning, selection of programs to be tested, compliance requirements and the use of a risk-based approach.
Terry Casper, CPA, School Finance Auditor, Andrea Kratz, CPA, School Finance Auditor, Wisconsin Department of Public Instruction
This session will explain changes to the Financial Information Report (FIR) as a result of recent legislative changes, including the Building Usage Charge and Reserve fund. It will go through common deficiencies identified in the prior year report and key changes to the current year report. Additionally, this session will review the new requirements for summer school and the new voucher amounts beginning in the 2014–2015 school year, as well as explore common fraud risks associated with the Private School Choice Programs.
2:45 – 2:55 p.m. Networking Break 2:55 – 4:25 p.m. CONCURRENT SESSIONS OMB Grant Reform: Super Circular
Heather Acker, CPA, Partner, Baker Tilly Virchow Krause, LLP
In December 2013, the U.S. Office of Management and Budget (OMB) issued comprehensive grant reform rules titled “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.” The new requirements consolidate what was previously in eight separate OMB Circulars, and therefore, the new rules have been called the “Super Circular.” Attend this session for an overview of the Super Circular, including key changes school district staff and auditors will encounter when they take effect.
Schenck SC
This session will help prepare the beginner auditor for auditing both state and federal aid programs. The tools available for the beginner auditor will be discussed and include an overview of the DPI website, review of the online DPI school district audit manual, district report deadlines and audit programs specific to Wisconsin school districts.
Private School Choice Programs: Enrollment Audits & the Online Application System
Terry Casper, CPA, School Finance Auditor, Andrea Kratz, CPA, School Finance Auditor, Wisconsin Department of Public Instruction
Don’t miss this opportunity to take a peek inside the Online Application System (OAS) used by schools to enter applications, complete count reports and obtain information on the applications entered into the system. This insight will assist auditors working with the schools to obtain the required information for the Enrollment Audit. In addition, this session will go through completion of the Enrollment Audit, including common deficiencies identified and current year changes to the audits, as well as the changes made to the 2014–2015 applications.
4:25 – 4:30 p.m. Closing Remarks
Wendi M. Unger, CPA, WICPA Conference Planning Task Force Chair and Partner, Baker Tilly Virchow Krause, LLP
Thursday, May 29: Stevens Point 7 – 8 a.m. Registration & Networking 8 – 8:05 a.m. Welcome & Opening Remarks
Wendi M. Unger, CPA, WICPA Conference Planning Task Force Chair and Partner, Baker Tilly Virchow Krause, LLP
8:05 – 9:35 a.m. CONCURRENT SESSIONS OMB Grant Reform: Super Circular
Heather Acker, CPA, Partner, Baker Tilly Virchow Krause, LLP
In December 2013, the U.S. Office of Management and Budget (OMB) issued comprehensive grant reform rules titled “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.” The new requirements consolidate what was previously in eight separate OMB Circulars, and therefore, the new rules have been called the “Super Circular.” Attend this session for an overview of the Super Circular, including key changes school district staff and auditors will encounter when they take effect.
The Beginner Auditor & Single Audit Basics
Eugene Fornecker, CPA, School Finance Auditor, Wisconsin Department of Public Instruction
Lisa M. Salo, CPA, Audit Manager, Schenck SC
This session will help prepare the beginner auditor for auditing both state and federal aid programs. The tools available for the beginner auditor will be discussed and include an overview of the DPI website, review of the online DPI school district audit manual, district report deadlines and audit programs specific to Wisconsin school districts. The discussion will also provide an overview of the requirements of the Federal Single Audit, including planning, selection of programs to be tested, compliance requirements and the use of a risk-based approach.
9:35 – 9:45 a.m. Networking Break
9:45 – 11:15 a.m. GENERAL SESSION Federal Awards Update
Kathryn Guralski, CPA, Federal Fiscal Monitoring Consultant, Rachel Zellmer, Federal Fiscal Monitoring Consultant, Wisconsin Department of Public Instruction
12:25 – 1:05 p.m. Networking Lunch 1:05 – 2:05 p.m. General SESSION Fraud: Real-Life Examples David Maccoux, CPA, Shareholder, Schenck SC
Stay informed with this update on proposed federal regulations and fiscal monitoring of federal awards by the state, including how these proposed changes and fiscal monitoring will impact Wisconsin school districts. Topics to be discussed include common audit findings, WISEgrants, monitoring by the state under the new OMB Super Circular, auditing Individuals with Disabilities Education Act (IDEA) grants, third party grant arrangements, proposed federal regulations affecting IDEA maintenance of effort and determining special education excess cost.
11:15 – 11:25 a.m. Networking Break 11:25 a.m. – 12:25 p.m. CONCURRENT SESSIONS Fund 73 Accounting Issues
Michele Gundrum, CPA, CGFM, School Finance Auditor, Wisconsin Department of Public Instruction
With the significant changes in the benefits now offered by districts, both for retirement and active employee use, Fund 73 account codes and requirements have had to adapt. This session will dive into these changes, including HRAs, prefunding of sick leave, accounting for market value fluctuation, and the revised calculation of the implicit rate subsidy. Additional discussion will address accounting for OPEB contributions for defined benefit plans that no longer have any active employee plan members, as well as issues that came up during the Fund 73 portion of the Annual Report review.
Post-Employment Benefits 101 Linda Mont, RHU, Senior Benefit Consultant, Key Benefit Concepts, LLC
Learn about the types of post-employment benefits and the process by which the actuarial team defines, determines and projects obligations as found in the post-employment actuarial valuation. A sample report will be used to demonstrate how to apply this information to complete the auditor’s financial reporting in the year a valuation is performed, as well as the subsequent year.
Through the use of real-life examples, this session will help you gain a greater understanding of fraud, what red flags may be present and how they can impact your audit planning and completion of school district audits. Emphasis will be placed on the examination of the internal control weaknesses that lead to fraud and how just a few key factors can minimize even the smallest school district’s risk.
2:05 – 2:15 p.m. Networking Break 2:15 – 3:15 p.m. GENERAL SESSION DPI Update
Michele Gundrum, CPA, CGFM, School
Finance Auditor,
Eugene Fornecker, CPA, School Finance Auditor, Brian Kahl, CPA, School Finance Auditor, Wisconsin Department of Public Instruction
Get all the important 2013–2014 audit updates you need during this session with topics covering DPI reporting and auditor compliance with DPI regulatory requirements, including a discussion of Fund 80 and common state program findings.
3:15 – 3:25 p.m. Networking Break 3:25 – 4:25 p.m. Session Continues 4:25 – 4:30 p.m. Closing Remarks
Wendi M. Unger, CPA, WICPA Conference Planning Task Force Chair and Partner, Baker Tilly Virchow Krause, LLP
Conference Details & Info Conference Locations Wednesday, May 28
Country Springs Hotel & Conference Center 2810 Golf Road, Pewaukee 262-547-0201 or 800-247-6640
Thursday, May 29
Holiday Inn Hotel & Convention Center 1001 Amber Ave., Stevens Point 715-344-0200 or 888-465-4329
Educational Credits Full Day: 8 CPE credit hours PSCP Only: 4 CPE credit hours
Registration Early Bird
$259 member | $309 nonmember
After May 14
$289 member | $339 nonmember
PSCP Only (12:45 - 4:30 P.M.) $99 member | $99 nonmember
Conference Materials The WICPA provides electronic materials included with registration that will be distributed via an email containing a link to download them. This email will be sent approximately seven days prior to the conference. Attendees may purchase a hardcopy up to seven days prior to the conference that will be available for pickup at the registration table. Walk-in registrants and those registering less than seven days prior to the conference will receive electronic materials by default. Extra hardcopies are not guaranteed to be available on-site. In addition, on-site internet access cannot be guaranteed so please download any materials prior to the conference.
Cancellation Policy To receive a full refund, the WICPA CPE Department must receive a request to cancel or transfer to a different program at least 14 days prior to the conference. Cancellations or transfer requests received less than 14 days prior to conference will be subject to a 50 percent cancellation fee, not to exceed $100. No refund or transfer requests will be granted on or after the day of the conference, or if you have downloaded any of the electronic conference materials.
Ways to Register
Online: wicpa.org/conferences Phone: 262-785-0445 Fax: 262-785-0838 Mail: 235 N. Executive Drive, Suite 200 Brookfield, WI 53005
PSCP Only Registration
PSCP Only registration gives you the option to attend one or more sessions on Wednesday starting at 12:35 p.m., including The New Statewide Voucher Program, Private School Choice Programs: Financial Information Report, and Private School Choice Programs: Enrollment Audits & the Online Application System. PSCP Only registration does not include lunch.
Save
$30
When you Register
by May 14!
Early Bird Registration $259 member | $309 nonmember
in session!
SDA
After Thursday, May 14 $289 member | $339 nonmember PSCP Only (12:45 - 4:30 P.M) $99 member | $99 nonmember
2014
School District Audit Conference
Wednesday, May 28 Country Springs Hotel & Conference Center Pewaukee, WI
Ways to Register
Thursday, May 29 Holiday Inn Hotel & Convention Center Stevens Point
Online: wicpa.org/conferences Phone: 262-785-0445 Fax: 262-785-0838 Mail: 235 N. Executive Drive, Suite 200 Brookfield, WI 53005
registration form Contact information: Name ____________________________________________ WICPA ID #_________________________________ Firm/Company_______________________________________________________________________________ Address ___________________________________________________________________________________ City______________________________________________ State__________ Zip________________________ Phone (______)____________________________________ Fax (______)______________________________ Email_____________________________________________________________________________________ *Email address required for registration confirmation and electronic materials.
event day choices:
Session choices: Please indicate the concurrent sessions you plan to attend.
o Wednesday, May 28, Pewaukee: Full day o Wednesday, May 28, Pewaukee: PSCP only o Thursday, May 29, Stevens Point: Full day
Wednesday, May 28, Pewaukee: Full Day
Are you: o o o o
o Fund 73 Accounting Issues o Post-Employment Benefits 101 o PSCP: Financial Information Report
A WICPA member A CPA nonmember Working toward CPA Not a CPA
o OMB Grant Reform: Super Circular o The Beginner Auditor & Single Audit Basics o PSCP: Enrollment Audits & the Online Application System
Please check if you: o o o o
o Fraud: Real-Life Examples o The New Statewide Voucher Program
Prefer printed materials (additional $20) ill use a laptop/tablet device W Have a special requirement/food allergy Prefer a vegetarian meal
Thursday, May 29, Stevens Point: Full Day o OMB Grant Reform: Super Circular o The Beginner Auditor & Single Audit Basics o Fund 73 Accounting Issues o Post-Employment Benefits 101
Payment method: Credit Card: o MasterCard o Visa
Total amount to be charged: $___________________
o Check (payable to WICPA)
Total amount enclosed:
$___________________
Name on Credit Card__________________________________________________________________________ Billing Address_______________________________________________________________________________ City______________________________________________ State__________ Zip_________________________ Card #_____________________________________________________________________________________ Exp. Date______________________________________CVV Code (3 digits on back of card)__________________________ Signature_________________________________________________________ Date______________________
Wisconsin Institute of Certified Public Accountants
235 N. Executive Drive | Suite 200 | Brookfield, WI 53005 | 262-785-0445 | 800-772-6939
235 N. Executive Drive, Suite 200 Brookfield, WI 53005
Save
$30
When you Register
by May 14!
wicpa.org/conferences
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MILWAUKEE, WI PERMIT NO. 5845