CliftonLarsonAllen LLP
CLA Vermont November Training
Sponsored by the Vermont State Auditor’s Office
November 12, 2020
8:30 – 12:30 p.m. EST
Register: https://goto.webcasts.com/starthere.jsp?ei=1394785&tp_key=ff3513d164
This session will focus on the Cares Act, Federal Program Audits and Risks of Occupational Fraud Facing State and Local Governments. We will discuss the latest updates to Cares Act funding related to audit considerations, usage, and other regulatory matters. We will explores best practices in preparing for and collaborating during your Federal grants audit to minimize the impact and maximize the benefits of the audit process. We will discuss the Risks of Occupational Fraud including common fraud schemes, red flags and indicators. We will focus on how to recognize what internal control activities could have been in place to prevent the fraud from occurring and how to detect the malfeasance earlier.
At the end of these sessions, you will be able to:
CARES Act Update and Discussion
- Discuss the latest guidance on CARES funding.
- Compare best-known strategies used to ensure compliance with CARES funding regulations.
Auditee and Auditor Perspectives - Federal Program Audits
- Discuss key strategies to improve communication and understand of the Federal audit process
- Implement new actions to increase the benefit of the audit process and reduced uncertainty
Risks of Occupational Fraud Facing State and Local Governments
- List and describe the common fraud schemes
- List the eight important facts of fraud
- Identify actual instances of fraud that have recently occurred within state and local governments
- Identify common red flags and indicators of fraud
- Recognize what internal control activities could have been in place to prevent the fraud from occurring or detect the malfeasance earlier
- Describe the importance of the tone at the top
Schedule:
8:30 – 8:35 a.m. Welcome, housekeeping, including CPE info on how to obtain GIB credits; Introductions
8:35 – 9:25 a.m. CARES Act Update and Discussion
Instructed by Sean Walker and Bill Early
This session provides an update on the CARES Act funding related to audit considerations, usage, and other regulatory matters.
9:25 – 9:40 a.m. Break
9:40 – 10:30 a.m. Auditee and Auditor Perspectives - Federal Program Audits
Instructed by Peter Moino and Betsy Macey
This session explores best practices in preparing for and collaborating during your Federal grants audit to minimize the impact and maximize the benefits of the audit process.
10:30 – 10:45 a.m. Break
10:45 – 12:25 p.m. Risks of Occupational Fraud Facing State and Local Governments
Instructed by Ana Rodriguez and Kyle Shafer
• Introduction to the Association of Certified Fraud Examiners and the Fraud Tree
• Discussion of the fraud triangle and 8 key facts of fraud
• Overview of recent fraud instances in state and local government organizations
• Case studies in employee theft and dishonesty
• Case study highlighting the importance of the tone at the top
Who should attend this program:
Individuals who are interested in best practices in preparing for and collaborating during the Federal audit process and individuals who are interested in learning about common fraud risks facing state and local government. This program will also be beneficial for individuals who are looking for updated information regarding CARES Act funding and regulations.
CPE Information
Prerequisites: None Program level: Overview Advance preparation: None Delivery method: Group Internet Based
Recommended CPE: 4 credits (3 credits Accounting (Governmental), 1 credit Auditing (Governmental))
NASBA Statement
CliftonLarsonAllen LLP 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 submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
CPE Sponsor Policies
For more information regarding CliftonLarsonAllen’s CPE Sponsor policies, contact Elizabeth.spencer@claconnect.com