This year’s conference will feature an in-depth look into the Uniform Guidance Act and an interactive session in which attendees will attempt to solve a case of governmental fraud. Other topics to be covered include Local Government Issues, IT/Cybersecurity and updates from the GASB and AICPA.
CPAs, auditors, city officials and other financial professionals who perform or are involved in local government audits.
Registration and Breakfast
Welcome and Opening Remarks
David Gannon, CPA – Wiss & Company, LLP
Understanding Administrative Requirements, Cost Principles and Audit Requirements Under the OMB Uniform Guidance
Edward J. Miller, CPA – Grant Thornton LLP
This session will include an overview of the new administrative requirements and cost principles for both auditors and grantees, including new procurement and subrecipient monitoring requirements, as well as review the new audit requirements and their impact on planned audit procedures.
Dean M. Mead – Governmental Accounting Standards Board
This annual GASB update will cover:
- News about the latest happenings at the GASB
- Information about recent changes to the pension standards
- An overview of the new standards on OPEB, tax abatement disclosures and external investment pools and participants
Something Just Doesn’t Smell Right Down at the Sewer District: Part One
David L. Cotton, CPA, CFE, CGFM – Cotton & Company LLP
This session will take another look at SAS 99 brainstorming, interviewing, and fraud detection techniques; and then employ these techniques to find fraud at a glamorous government entity—the sewer district. Several talented participants will play roles—sewer district employees and contractors—in this detective effort. The balance of the participants—our fraud detectives—will study the entity’s controls, identify fraud risk factors, and then engage in brainstorming to identify potential fraud schemes that might be happening. Next, our fraud detectives will use the fraud risk analysis and brainstorming results to interview our role players—in order to identify the fraud scheme and the perpetrator. Auditors and accountants (yes, and even aspiring fraud perpetrators) interested in honing their fraud skills should attend this fast-paced program.
Something Just Doesn’t Smell Right Down at the Sewer District: Part Two
David L. Cotton, CPA, CFE, CGFM – Cotton & Company LLP
Enhancing Audit Quality Update
Carl R. Mayes, CPA – American Institute of Certified Public Accountants
In May 2015, the AICPA issued its report on Enhancing Audit Quality: A 6-Point Plan to Improve Audits. Learn about the improvements that have been made during the year, the most common governmental audit deficiencies being identified through peer review, and what more will be done in the short and long term.
New Jersey Local Government Challenges in 2016
Marc H. Pfeiffer - Bloustein School of Planning and Public Policy - Rutgers University
This session will review the current challenges and opportunities, fiscal and otherwise that face New Jersey municipalities. Levy caps, employee salary and benefit costs, pension funding, state regulation, consolidation, shared services, financial reporting changes, technology management, and government transparency are all topics covered in this fast-paced session.
Addressing Today's Top Cybersecurity Concerns
Mark Bednarz, MS, CPA, CISA, CFE and Joseph D. Zarkowski, CPA – PKF O’Connor Davies
This session will address cybersecurity concerns facing CPAs today. Topics to be discussed include:
- Overview of the industry leading cybersecurity framework
- Top three threats for 2016 and associated remediation steps
- Performing a cybersecurity resilience review
- Utilizing SOC reports to monitor your IT outsourced providers
This conference qualifies for Yellow Book credits.
Online pre-registration for this event is now closed.
Mark J. Bednarz, CPA,CISA,CFE
PKF O'Connor Davies, LLP
Mark Bednarz, MS, CPA, CISA, CFE is a Partner in PKF O’Connor Davies Risk Advisory Group. He combines more than twenty years of public accounting and Fortune 500 experience and an expertise in attestation and consulting services for a variety of clients. His experience includes ERM reviews, IT audits (includes cybersecurity, governance, and business continuity, regulations), operational, outsourced and co-source internal audit, internal audit transformation projects and forensic projects.
He is a frequent presenter and training evaluator for several professional organizations, which include Association of College & University Auditors (ACUA), Massachusetts Bank Internal Auditors (MBIA), and MIS Training Institute.
He has also served as an author and contributing editor to articles that appear newsletters and publications as well as conducted webinars. Mark has been awarded Fairleigh Dickinson University’s inaugural “50 Under 50” Business Leaders.
David L. Cotton, CPA, CFE, CGFM
David L. Cotton, CPA, CFE, CGFM, is the managing partner of Cotton & Company LLP, Certified Public Accountants. The firm has a practice concentration in assisting Federal and State agencies, inspectors general, and government grantees and contractors with a variety of government program-related assurance and advisory services. Cotton & Company has performed grant and contract, indirect cost rate, financial statement, financial related, and performance audits for more than two dozen Federal inspectors general as well as numerous other Federal and State agencies and programs. Mr. Cotton is a member of the advisory board of the Institute for Truth in Accounting. He is serving on the American Institute of CPAs Anti-Fraud Programs and Controls Task Force, and is a former member of the AICPA “Group of 100.” He is the past-chairman of the AICPA Federal Accounting and Auditing Subcommittee and has served on the AICPA Governmental Accounting and Auditing Committee and the Government Technical Standards Subcommittee of the AICPA Professional Ethics Executive Committee. He is the author of many continuing education seminars. Mr. Cotton received his B.S. in mechanical engineering and an M.B.A. in management science and labor relations from Lehigh University. He also pursued graduate studies in accounting and auditing at the University of Chicago, Graduate School of Business.
Carl R. Mayes
Senior Technical Manager - Special Projects
Carl Mayes is the Senior Technical Manager – Special Projects on the Public Practice and Global Alliances team at the American Institute of Certified Public Accountants (AICPA). He is responsible for managing practice quality initiatives for the AICPA including regulator quality studies, practice monitoring and various technical and regulatory-focused projects. He is the project manager for theAICPA’s Enhancing Audit Quality initiative and manages the execution of the AICPA’s 6-Point Plan to Improve Audits.
Prior to joining the Public Practice and Global Alliances team, Mr. Mayes was materially involved in performing market research, developing the business plan and identifying the membership model for the AICPA Not-for-Profit Section.
While working with the AICPA Peer Review team, he served as the liaison to the Education and Communication Task Force of the Peer Review Board. In that capacity, he authored the AICPA’s How to Conduct a Peer Review and How to Conduct an Engagement Review courses; authored the Peer Reviewer Competency Exam; developed numerous webcasts on peer review and practice monitoring; and developed and/or reviewed all technical content presented at the 2012 and 2013 AICPA Peer Review Conferences.
Before joining the AICPA, Mr. Mayes worked as an auditor for regional and local public accounting firms. He is a member of the AICPA and North Carolina Association of CPAs and is licensed in North Carolina.
Mr. Mayes graduated Magna Cum Laude from Duquesne University with a bachelor’s in business administration in 2006.
Dean Michael Mead
Dean Mead is the research manager at the Governmental Accounting Standards Board (GASB), where he is responsible for overseeing GASB project managers in the planning, design and administration of the GASB’s research agenda and for managing external research. He is the author of the GASB’s seven-volume User Guide Series, which serves as a non-technical, plain-language introduction to government financial statements for non-accountants. Mr. Mead also coordinates the GASB’s constituent outreach and communication efforts and is staff liaison to the Governmental Accounting Standards Advisory Council. Additionally, Mr. Mead is a lecturer at Rutgers Business School, Rutgers University, where he teaches governmental accounting and auditing.
He is a member of the American Accounting Association, the Association for Budgeting and Financial Management, the Association of Government Accountants, the Governmental Research Association, the Municipal Analyst’s Group of New York and the National Federation of Municipal Analysts. Mr. Mead currently serves on the editorial boards of Public Budgeting & Finance and The Journal of Government Financial Management.
Prior to joining the GASB, Mr. Mead was deputy research director at the Citizens Budget Commission in New York.
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Edward J. Miller, CPA
Grant Thornton LLP
Edward Miller is a Partner in the Northeast Higher Education Practice. Mr. Miller joined Arthur Andersen LLP in 2001 and served clients in both the for-profit and not-for-profit sectors. He joined Grant Thornton LLP in May 2002 and has since been fully-dedicated to serving clients in the not-for-profit sector.
Mr. Miller's clients have included the Salvation Army; Doris Duke Charitable Foundation, the Alfred P. Sloan Foundation, The Robin Hood Foundation, Sarah Lawrence College, Ithaca College, Marist College, Manhattanville College, Molloy College, Seton Hall University, St. Francis College, Adelphi University, Drew University, Iona College, American Museum of Natural History, Musculoskeletal Transplant Foundation, Securities Industry and Financial Markets Association, Securities Investor Protection Corporation, The Crohn’s and Colitis Foundation of America, Fedcap Rehabilitation Services, Inc., United Cerebral Palsy Association of Greater Suffolk, Inc., Daytop Village, Inc., The National Arthritis Foundation, the ASCPA, AmeriCares Foundation, Lighthouse International, Teach for America and various other not-for-profit organizations.
Mr. Miller received a Bachelor of Science degree in Accounting, summa cum laude, from the State University of New York at Albany. He is a Certified Public Accountant in the State of New York and is a member of the American Institute of Certified Public Accountants and New York State Society of Certified Public Accountants. He is also a member of Grant Thornton’s National Not-for-Profit Leadership Team.
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Marc H. Pfeiffer
Marc Pfeiffer, retired, has worked in New Jersey State and local government policy and administration for 37 years. He also served as the acting executive director of the state’s Government Records Council at the time of its formation in 2002 and served as a municipal administrator for 10 years in several New Jersey municipalities. He has served as an adjunct professor in public administration in the master of public administration program at Kean University from 1988 through 2002. He holds an M.P.A. with a major in labor relations from New York University and a bachelor's in urban affairs from American University.
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Joseph D. Zarkowski, CPA
PKF O'Connor Davies, LLP
Joseph D. Zarkowski is the PKF Partner-in-Charge of O'Connor Davies, LLP's Risk Advisory Group. He is responsible for developing, managing and delivering the Group's service lines that include SOC attestations, out-sourced internal audits, internal control risk assessments, integrity monitoring, custody surprise examinations, regulatory and compliance reviews, technology audits and specialized attestation engagements.
Mr. Zarkowski has been recognized by Business News New Jersey as one of New Jersey's Most Successful Young Business People "40 under 40." He is an instructor for the Regulatory Compliance Association (RCA) and has authored their Law and Masters Curriculum course "The Control Environment for Investment Managers." In addition, he is a frequent speaker and instructor for MIS Training Institute on various Governance, Risk and Compliance subject matters.
He also serves as author and contributing editor to articles appearing in newsletters and publications; and conducts ongoing webinars.
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