Iowa Governmental Roundtable
Tuesday, May 16 7:00am - 4:30pm
Add to Calendar8.00 Credits
Member Price $285.00
Price will increase by $50 on 5/3
Non-Member Price $345.00
Price will increase by $50 on 5/3
Overview
Highlights
See agenda tab above for session information. Detailed session descriptions will be updated late Spring.
Designed For
Governmental accountants or CPAs involved in governmental accounting, auditing and other finance issues.
Objectives
To stay on top of the latest governmental issues affecting those who work in or with governmental entities.
Notice
- NOTE: New in 2023, this conference is only available to attend via live webcast.
Tuesday, May 16
General Session
7:00am - 7:50am Being Ethical is Harder Than You Think! (Optional BONUS Session)
In this interactive session, participants will learn how their minds can alter and transform facts and situations in order to achieve personal desires over organizational goals. These transformations occur automatically in the subconscious mind and without establishing proactive methods to mitigate these processes, organizations may inadvertently be promoting unethical behaviors by their leaders and employees. Attend this session and receive one (1) additional hour of CPE credit (9 hours total).
Key highlights:
- Describe the effects of bounded ethicality
- Assess how perspective, life experiences and culture can change ethical perceptions
- Discuss the psychological need to look at our actions favorably
- Compare/contrast the effects of power and a leader's mindset
- Create mental triggers to improve ethical outcomes
Speaker: Michael Bret Hood, 21st Century Learning & Consulting
This session is available to registrants only.
General Session
8:00am - 8:10am Welcome Comments
This session is available to registrants only.
General Session
8:10am - 9:25am GASB Update—2023 Changes to GAAP Financial Reporting and Beyond
This session will focus on important changes in generally accepted accounting principles (GAAP) that are required to be implemented in 2023 for Iowa governments that issue GAAP-based financial statements. Those financial reporting standards include public-private partnerships (PPPs), year-two lease issues (including how to distinguish leases from subscription-based information technology arrangements, and PPPs), and authoritative implementation guidance. In addition, recently issued standards on accounting changes and compensated absences will be covered with an emphasis on implementation planning. A status report will be provided on the Governmental Accounting Standards Board’s (GASB’s) big three projects—the financial reporting model, revenue and expense recognition, and note disclosures.
Speaker: Dr. David Bean, Ph.D., CPA
This session is available to registrants only.
General Session
9:35am - 10:40am Single Audit Update
This session will cover the latest on single audit requirements, major program determination, and compliance and reporting requirements. Get the latest updates on detailing higher risk programs from the 2022 compliance supplement, COVID-19 specific grants and when they should be reported on the SEFA, program clusters and their impact on single audit major program determination and the Federal Funding Accountability and Transparency Act (FFATA). Common peer review findings related to single audits as well as the Alternative Compliance Examination Engagements for CSLFRF will also be discussed.
Speakers: Dustin Opatz, CPA, BerganKDV | Neil Schraeder, CPA, Hacker Nelson & Co
This session is available to registrants only.
Breakout Session
10:50am - 11:40am Department of Management Update
Hear the latest from the Iowa Department of Management on recent legislation that may impact local government budgets and reporting.
Speakers: Ted Nellesen and Carrie Johnson | Iowa Department of Management
This session is available to registrants only.
10:50am - 11:40am Twisted Rationalization: Building a Better Internal Control Environment
When accounting professionals look to build better internal control systems, they frequently focus their efforts on minimizing opportunities for theft and malfeasance. However, the latest scientific research shows that there are ways to proactively influence those who might intentionally or inadvertently step across ethical lines. In this session, participants will learn how to implement behavioral nudges into internal controls in order to better protect both your organization and the people within.
Speaker: Michael Bret Hood, 21st Century Learning & Consulting
This session is available to registrants only.
General Session
12:30pm - 1:20pm GASB 96: What you Need to Know
The deadline to implement GASB Statement 96, Subscription-Based Information Technology Arrangements (SBITA), has arrived. The standard defines a SBITA, establishes that a SBITA would result in a right-to-use asset and a corresponding liability, provides capitalization criteria, and requires new note disclosures. This session will discuss the guidance and practical steps for implementation as well as recent updates to the guidance.
Speaker: Jessica Richter, CPA.CITP, CISA | FORVIS
This session is available to registrants only.
Breakout Session
1:30pm - 2:20pm TIF Update
Speakers: Susanne Gerlach, PFM Financial Advisors LLC | Brad Theisen, CPA, Eide Bailly | Tim Stiles, CPA, City of West Des Moines
This session is available to registrants only.
1:30pm - 2:20pm The U.S. and Iowa Economies after the Pandemic
The economic recovery from the pandemic has been characterized by slow economic growth and high inflation. Both problems are a result of having too few workers to fill historically high levels of job vacancies. Every month, over 40% of the vacancies are left unfilled compared to less than 5% before the pandemic. Because of Iowa’s relatively older workforce, it has experienced an even larger decrease in labor supply that has resulted in even slower growth than the U.S. average. This session will explore the factors currently shaping the economy, the various sectors that drive economic growth and outline the challenges to reaching robust economic gains.
Speaker: Dr. Peter Orazem, Ph.D. | Iowa State University
This session is available to registrants only.
Breakout Session
2:30pm - 3:20pm Cybersecurity Response
Speaker: Shane Dwyer | State of Iowa Chief Information Security Officer
This session is available to registrants only.
2:30pm - 3:20pm ESG Reporting—Fad or the Future?
This session takes a down the middle of the fairway look at environmental, social and governance (ESG) reporting. Topics to be covered include a “just the facts” overview of the fundamentals of ESG reporting, the players associated with ESG reporting and proposals that currently are being considered or developed around the world. The proposed rules related to ESG reporting include those from the U.S. Securities and Exchange Commission that focus on climate. Most importantly, this session will address the implications that these activities may have on Iowa governments.
Speaker: Dr. David Bean, Ph.D., CPA
This session is available to registrants only.
General Session
3:30pm - 4:30pm Auditor's Office Update Q & A
Receive updates from State Auditor Rob Stand and his staff on local government issues, including recent audits. There will also be time for questions and answers.
Speakers: Iowa Auditor of State staff
This session is available to registrants only.
Leader(s):
- Brad Theisen
- Carrie Johnson
- David Bean
- Dustin Opatz
- Ernest Ruben
- Jessica Richter
- Michael Hood
- Neil Schraeder
- Peter Orazem
- Shane Dwyer
- Susanne Gerlach
- Ted Nellesen
- Tim Stiles
Leader Bios
Carrie Johnson
Carrie Johnson began her career working with local governments at the Iowa League of Cities. She worked for the League for more than eight years in various roles in the membership services area. After taking some time off to be at home with her daughter, Carrie rejoined the workforce with Public Financial Management, Inc., a financial advisory firm that works with many Iowa cities and counties. In 2010, Carrie joined the Iowa Department of Management as property valuation and county budget administrator. In her current role, she works with the property valuation system and the utility replacement tax. She also works with county budgets and annual financial reports, as well as county hospital, county/city assessor, and county agricultural extension budgets.
David Bean
David R. Bean, CPA, is the chief executive officer of Governmental Accounting Research, LLC, a consulting and training firm dedicated to public sector accounting and financial reporting activities. Prior to his retirement from the Governmental Accounting Standards Board (GASB) in 2021, David served as the GASB director of research and technical activities over 30 years. Prior to joining the GASB in 1990, David worked in public accounting and government. He also has served as Deputy Chairman of the International Public Sector Accounting Standards Board (IPSASB). He was the lead author on the 1988 Governmental Accounting, Auditing and Financial Reporting (Blue Book) and was the founder of the GAAFR Review newsletter. He was the last director of the National Council on Governmental Accounting before the formation of the GASB in 1984. David is a licensed CPA in Illinois and member of the Government Finance Officers Association, the Connecticut and Illinois Government Finance Officers Associations, the American Institute of Certified Public Accountants, the Illinois CPA Society, the Association of Government Accountants, the National Federation of Municipal Analysts, and the Municipal Analysts Group of New York.
Ernest Ruben
Ernest Ruben is a director for Iowa’s Office of Auditor of State and has worked for the office since 1993. Ernie is a graduate of the University of Northern Iowa. His responsibilities include supervising local government, university and State agency audits. He also participates in the Auditor’s Office Quality Review Program of CPA firm reports and workpapers and is responsible for coordinating the Auditor’s Office in-house training program. Ernie is a CPA and is a member of the Iowa Society of Certified Public Accountants.
Jessica Richter
Jessica has over 22 years of experience providing audit, tax and consulting services for a variety of nonprofit organizations, school districts, public universities, state agencies, municipalities and telecommunications companies. Jessica’s specialties include financial reporting and auditing, financial projections and forecasts, due diligence, cost allocations, revenue assurance, loan applications, Single Audit (Uniform Guidance) and business consulting. She is a member of the American Institute of CPAs, Iowa Society of CPAs, the Accounting & Financial Women’s Alliance and the ISACA. Jessica is a licensed CPA in Iowa. Jessica obtained her CPA certificate in 2000 and her Certified Information Technology Professional (CITP) accreditation in 2008. In 2015, she obtained her Certified Information Systems Auditor (CISA) certification. In May 2022, Jessica was appointed to the Iowa Accountancy Examining Board. She currently serves as a board member for Dress for Success Des Moines and Waukee Athletic Club (Waukee Fastpitch). Jessica is a 2000 graduate of University of Northern Iowa, Cedar Falls, with a B.A. degree in accounting.
Michael Hood
Michael “Bret” Hood was a special agent for the FBI for 25 years. He investigated complex financial crimes, corruption, and money laundering violations. Upon retirement from the FBI in 2016, Bret opened 21st Century Learning & Consulting, LLC, a training and consulting business designed to help prevent people from making the mistakes that first lead them down the slippery slope. Bret was recruited to become an Association of Certified Fraud Examiners (ACFE) faculty member and was awarded the ACFE’s James R. Baker Speaker of the Year award in 2020. Bret was named the top-rated speaker at the ACFE’s Global Fraud Conference and the Institute of Internal Auditor’s Global conference. In addition, Bret serves as an adjunct professor of forensic accounting for Mt. St. Mary’s University and an adjunct professor of corporate governance and ethics for the University of Virginia. Bret previously served as an adjunct professor of forensic accounting for the University of Virginia and Florida Gulf Coast University. Bret is also part of the Forensic Accounting Advisory Council at Mt. St. Mary’s University. Bret publishes articles on best practices in Fraud Magazine, Compliance and Ethics Professional magazine, ACAMS Today, National Mortgage Professional Magazine, and Law Enforcement Bulletin. Bret is a federal-court certified expert in money laundering and financial crimes. Bret is also the author of the critically acclaimed books, Eat More Ice Cream: A Succinct Leadership Lesson for Each Week of the Year and Get Off Your Horse! 52 Succinct Leadership Lessons from U.S. Presidents.
Peter Orazem
Dr. Peter Orazem, Ph.D. has been on the faculty at Iowa State University since 1982 and currently serves as University Professor of Economics and Director of the Program for the Study of Midwest Markets and Entrepreneurship. He is a 1977 graduate in economics at the University of Kansas and received his Ph.D. in economics from Yale University in 1983. He is a past member of the Ames City Council, the Ames Convention and Visitors Bureau and the Ames Economic Development Commission. In 2018, he served as a Fulbright Fellow at the Univerza na Primorskem in Slovenia. His research deals with labor markets in the United States and in developing countries with a particular interest in human capital, regional economic development, and entrepreneurship. He is coauthor of chapters in the Handbook of Development Economics and the Handbook of Agricultural Economics. He served as a member of the core team for the World Bank’s 2007 World Development Report and wrote papers for the 2008, 2012 and post 2015 editions of the Copenhagen Consensus. He is coeditor of a book, Child Labor and Education in Latin America published by Palgrave Macmillan in 2009. His research has appeared in the American Economic Review, the Journal of Political Economy, The Review of Economics and Statistics, the Journal of Finance, the International Economic Review, and numerous other outlets.
Shane Dwyer
Shane Dwyer is the Chief Information Security Officer (CISO) for the State of Iowa. As CISO, Dwyer oversees the Office of the Chief Information Officer for the state. Dwyer has held leadership roles across the public sector for over twenty years, most recently as the Wisconsin Department of Health Services’ CISO. His previous experience also includes leadership positions at Minnesota State University, Mankato and the United States Air Force.
Ted Nellesen
Ted Nellesen is senior fiscal and policy analyst, local government budgets, for the Iowa Department of Management. Ted joined the Department of Management in July 2012, taking over city, township and miscellaneous levy authority budgets. Prior to joining the Department of Management, Ted worked as a consultant for Public Financial Management (PFM), a municipal finance advisory firm. Ted obtained his Bachelor of Arts in Political Science from Iowa State University in 2005 and his Master of Public Administration from Drake University in 2010.
Tim Stiles
Tim Stiles is the finance director for the City of West Des Moines, a position he has held since 2011. West Des Moines is currently the 6th largest city in the State of Iowa with a population of 68,000 and the city employs over 500 full-time staff. Tim manages a finance department staff of seven individuals who oversee all aspects of the city’s finances. Prior to his time at the city, Tim spent 11 years with the Des Moines International Airport as finance director. He also serves as a Trustee for the Iowa Public Agency Investment Trust (IPAIT). He is a graduate of Luther College and is a licensed CPA as well as a graduate of the State’s Certified Public Manager Program. Tim is a member of the Iowa Society of CPAs
Non-Member Price $345.00
Member Price $285.00