Governmental Accounting and Auditing Conference | 5171266A

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This annual update for CPAs and financial professionals working in governmental accounting and auditing includes updates from experts on current and proposed standards, learn what will impact you and your clients today—and what is on the horizon.

All CalCPA Education Foundation conferences include free Wi-Fi, discounted parking, continental breakfast, networking plated lunch and afternoon refreshments.

Materials are provided as an ebook.

Objectives:

  • Recognize changes and issues affecting government entities.
  • Determine which changes and pronouncements will impact pensions and government operations.
  • Recognize key principles and strategies available to help troubled governmental entities.

Major Subjects:

  • GASB Financial Reporting Model Update
  • GASB Pension Standards Second Year
  • AICPA Update
  • State Controller's Update
  • Use of Data Analytics in Auditing

Advanced Prep:

None

Misc. Information:

Wireless Internet access, continental breakfast and plated lunch will be provided at this event and are included in your registration fee.

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Level of Difficulty:
Update
Field of Interest:
Accounting (Governmental)
Prerequisites:

Basic understanding of governmental accounting and auditing.

Designed For:

CPAs, financial professionals and officials who work with governmental entities, as well as professionals in government who need to stay current on government finance and audit.

Instructors

Louis Anthony Bohorquez, CPA, CFF, CFE, CIDA

Anthony Bohorquez is a senior manager in the forensic advisory services practice of Grant Thornton LLP. He has over 15 years of experience providing forensic accounting and investigative services to attorneys, audit committees, and companies on internal investigations and investigative matters involving the Securities and Exchange Commission, the Department of Justice, and the Federal Bureau of Investigation. He has directed matters related to allegations of accounting irregularities, financial reporting issues, fraud, embezzlement, and Foreign Corrupt Practice Act violations.

Bohorquez has extensive experience analyzing large and complex data and regularly works with clients to extract data from various information systems to be used in the analysis of structured and unstructured data. He utilizes data analytics to identify areas of risk, such as internal control weaknesses and potential fraudulent activity. In addition, he has managed large document review projects. He is a Certified Public Accountant in California, Certified in Financial Forensics, a Certified Fraud Examiner, and a Certified IDEA Data Analyst.

Bohorquez is a member of the AICPA, CalCPA, and the Association of Certified Fraud Examiners. He various audiences including the Institute of Internal Auditors and the CalCPA Education Foundation. He graduated from the University of Southern California with a bachelor’s degree in accounting.

Russell Branson

Russ Branson is a director for Public Financial Management (PFM) and is responsible for overseeing the range of services PFM offers to clients in the development of long-range financial plans, ensuring sustainable financial health, and optimizing performance. Prior to joining PFM, Branson spent 13 years with the City of Roseville in financial leadership positions, including Assistant City Manager and Treasurer, overseeing finance and administrative services. The City of Roseville is a full-service city which also has electric, water, wastewater, and solid waste utilities.

Before joining the City of Roseville, Branson was a principal with an urban economics consultancy, where he spent more than a decade providing clients with services including impact fee studies, infrastructure financing plans, and the establishment of special taxing districts. He spent the early years of his career with the Sacramento Area Council of Governments. Since joining PFM, Branson has performed long-range budget forecasts for cities throughout the state (including Daly City, Upland, Compton, Richmond, Los Altos, Yuba City, and San Carlos) as well as workforce, capital financing, and financial capacity analysis for several cities.

In addition, Branson has been active on a statewide basis on several boards related to public finance, and teaches at U.C. Davis Extension on the financial aspects of planning. In 2012, the Sacramento Business Journal honored him as public agency CFO of the Year, and in 2013 he received the Award of Excellence in Public Finance by the California Public Securities Association.

David George Bullock, CPA

David Bullock is an assurance services partner in MGO's San Francisco Bay Area practice with over 23 years of professional experience providing auditing, accounting, tax and consulting services to the private and public sectors. His current assurance clients include the State of California’s federal compliance audit for its U.S. Department of Transportation and Aging programs, CalPERS and numerous San Francisco Bay Area counties, cities and special districts. In addition, Bullock performs many consulting and attestation engagements, including contract and grant compliance and forensic examination projects.

Bullock is a thought leader in MGO’s state and local government industry line and is involved in making decisions and setting firm-wide policies on technical auditing, accounting and financial reporting issues. His leadership also extends beyond MGO, as he is heavily involved in shaping the accounting and auditing profession at a statewide and national level. Most recently, he was appointed to the task force that will assist the Governmental Accounting Standards Board’s (GASB) project reexamining Statement No. 34, Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments and related pronouncements on the financial reporting model. Leading up to the most recent GASB appointment, Bullock has been very active in thought leadership by participating in GASB roundtables and interviews, serving on the GASB’s Sales and Pledges Task Force, working with California stakeholders on redevelopment dissolution issues, and presenting on technical topics and emerging issues such as pension, OPEB, uniform guidance and state legislative changes.

Bullock has facilitated numerous training sessions for clients and accounting associations, including serving as a speaker for CalCPA’s Governmental Accounting and Auditing Conference, the California Society of Municipal Finance Officers, the California State Association of County Auditors, the BDO Government Industry Group, the Association of Government Accountants, the California Association of Public Retirement Systems, and numerous other groups and organizations, including those related to finance officers, audit chiefs and accounting and reporting managers. He has also volunteered his time with professional associations, serving three years as president of the Association of Government Accountants – Silicon Valley Chapter, where he led the local chapter’s charge of educating and developing government professionals in the Silicon Valley area, and as a past member of the Government Finance Officers Association’s (GFOA) Special Review Committee (SRC) for the Certificate of Achievement for Excellence in Financial Reporting Program.

Vanessa Ineen Burke, CPA

Vanessa Burke joined Grant Thornton LLP as managing director, where she leads the west region state and local government audit practice in Sacramento. Burke most recently was a managing principal for the Public Management Group of Urban Futures, Inc., providing consulting services to municipalities throughout California, and was the chief financial officer for the City of Stockton throughout its bankruptcy process and as a lead witness in the bankruptcy trials.

As a CPA, Burke has over 25 years in auditing and finance combined. She has worked for and served clients in a variety of industries, including small to very large government agencies, nonprofits, healthcare, technology and manufacturing and distribution clients. Her career in public accounting was spent with PricewaterhouseCoopers LLP, Moss Adams LLP, and local firms where she specialized in governments and nonprofit assurance and advisory services.

In private industry, Burke was a controller for a consulting company, a CFO of a private startup consulting company that managed IT system projects for state and local government, and an accountant/auditor III for the City of Sacramento. She is a member of the AICPA, CalCPA, and a candidate for GFOA Certified Public Finance Officers certificate.

Nancy Campbell, ASA, MAAA, EA

As CalPERS supervising pension actuary, Nancy Campbell supervises a team of experienced actuaries in the Valuation Services Unit of the Actuarial Office at CalPERS. She and her team work with public agencies throughout California. She has been with CalPERS since 2003 and has over 30 years of experience in the pension industry.

Campbell’s previous experience includes overseeing the defined benefit program for Charles Schwab Retirement Services and actuarial consulting for William M. Mercer in Los Angeles and Transamerica Life Insurance Co. Campbell is an Associate of the Society of Actuaries (ASA), a Member of the American Academy of Actuaries (MAAA), and an Enrolled Actuary (EA) under the Employee Retirement Income Security Act. She holds a bachelor’s degree in mathematics and a master’s degree in business from Pittsburg State University.

Gary M Caporicci, CPA, CGMA, CFF

Gary M. Caporicci is a partner at The Pun Group, LLP. He has more than 40 years of diversified business experience, including a specialization in audit and management consulting for government organizations. His clients include public and private universities and colleges, city and county governments, state agencies, joint power authorities, healthcare agencies, transportation agencies, and special districts. Known for his expertise in the areas of construction and government, Caporicci wrote the AICPA audit guides on these topics, and he has authored many audit and accounting courses for professional groups, as well as academic institutions. He frequently speaks and lectures at many professional organizations, governmental seminars and conferences held by industry associations, other accounting firms, and universities. In addition, he authors white papers for the California Committee on Municipal Accounting.

Prior to working with The Pun Group, Caporicci founded his own accounting practice. He also spent 11 years with a Big Eight professional services firm, where he was an audit manager and gained broad experience in a wide range of industries such as government, construction, manufacturing, mutual funds, and insurance. Prior to that, he held a consultant position with a Big Four practice and was vice president of a national insurance and financial services company. In 2015 Caporicci was appointed to the State Retirement Advisory Committee by the State Controller. Caporicci holds a bachelor’s degree in accounting and finance from Armstrong University, and is a CPA licensed by the State of California.

Jill Kanemasu

Jill Kanemasu is the acting division chief of the newly created Local Government Programs and Services Division at the California State Controller’s Office. She has 35 years of experience in state government with the Employment Development Department, CalPERS, Department of Health Services and State Controller’s Office. The majority of her career has been in leadership roles with responsibilities over accounting, budgeting, administrative services and local government programs. She graduated from CSU Sacramento with a bachelor’s degree in business/strategic management. Her favorite part of the job is seeing the development, growth and successes of her team. Outside of work she is married, has two millennial children and stays busy being part-time caregiver for her mom and serving on church and community boards.

Katherine Villanueva Lai, CPA, CGMA

Kathy Lai is a partner at Crowe Horwath LLP who is a highly accomplished public accounting professional of diverse experience derived from providing assurance services to large, complex state and local governmental entities, higher education institutions, school districts, utilities and not-for-profit organizations. She is licensed as a CPA and CGMA. With almost 20 years of experience in public accounting, Lai has managed the audits of some of the largest governments in California, including the City of Los Angeles, City of Santa Ana, State of California – Federal Grants, Los Angeles Community College District, Los Angeles Unified School District and the California State University System. Among 400,000 CPAs nationwide, Lai has been appointed by the AICPA to serve on a select, national 15-member State and Local Government Expert Panel.

Through her participation with the AICPA, she has been accredited with contributions to authoring the AICPA State and Local Government Audit Guide, including the newest Pension and OPEB chapters to address the complex GASB standards, compiling AICPA comment letters to GASB on emerging standards and presenting webcasts for the AICPA Governmental Audit Quality Center. Other examples of Lai’s thought leadership include presenting to over 1,000 Californians on the complexities of the Uniform Guidance and emerging GASB pronouncements through her involvement with the California Society of Municipal Finance Officers (CSMFO), National Grants Management Association (NGMA) and tailored client trainings.

Michael Lu

Michael Lu is a fiscal analyst in the Local Government Reporting Section and has been with the State Controller’s Office for almost three years. He performs analysis of local governments’ financial transactions reports (FTR), which include special districts, property tax, and retirement systems. He has participated in various projects such as the implementation of parcel tax reporting. He is assisting with the FTR revision project, and looks forward to work opportunities in the future that will expand his experience. Lu graduated from California State University, Sacramento with a bachelor’s degree in accounting and international business in 2014. In his free time, he enjoys spending time with friends and family.

Nathalie Ortiz

Nathalie Ortiz is a fiscal analyst in the Local Apportionments Section and has been with the State Controller’s Office for almost four years. She has four years of experience in public accounting where she worked for a small local CPA firm. With the Local Apportionments Section, she calculates and processes various payments pertaining to transportation, public safety, and other local government programs. She is assisting on implementing some of the allocations required by the Controller to the cities and counties under the passage of Senate Bill 1. In 2011, Ortiz graduated from California State University, Sacramento with a bachelor’s degree in business administration with a concentration in accountancy. Ortiz enjoys spending time with her husband, her two young boys, and visiting local record stores.

Mary Elizabeth Redding, FSA, MAAA, FCA, EA

Mary Beth Redding is vice president of Bartel Associates, LLC. With over 30 years in employee benefits, she has served as retirement consultant for a wide range of public agencies, specializing in pension and retiree medical benefits. She focuses on understanding benefit programs and clearly communicating long- and short-term considerations so clients can make the best decisions possible for their organizations.

Most recently, Redding has been involved with helping California public agencies, including CalPERS cost sharing plans, implement GASB Statement 68 and begin implementing Statement 75. She speaks on current topics including CalPERS contribution rates and supplemental pension trusts and well as the new GASB accounting rules to retirement boards, city councils, boards of directors, and employee and professional groups. She also writes for Bartel Associates’ website.

Redding is a Fellow of the Society of Actuaries (FSA); a Member of the American Academy of Actuaries (MAAA); a Fellow of the Conference of Consulting Actuaries (FCA); and an Enrolled Actuary under ERISA. She earned a bachelor’s degree in geology and geophysics from Yale University.

Jim Reisinger

Jim Reisinger is the manager of the Local Government Policy Section at the State Controller's Office. During his time with the State Controller's Office, he has also worked with trial courts, legislation, state accounting, countywide cost allocation plans, committees, and local apportionments. He has assisted in facilitating the Annual State Controller’s Conference with County Auditors and has spoken numerous times in joint presentations with the California Judicial Council regarding the distribution of court revenue.

Reisinger is a graduate of California State University, Northridge with a bachelor’s degree in accounting and a member of the Association of Government Accountants. He is also a huge fan of Ohio State football, UCLA basketball, and his beleaguered Cleveland Browns. He resides in Rancho Cordova with his wife and their three dogs.

Michael Silvera

Michael Silvera is a fiscal analyst in the Local Apportionments Section and has been with the State Controller’s Office for over 20 years. He has worked with the State Transit Assistance apportionment since the early 2000s. He graduated from California State University, Sacramento with a bachelor’s degree in accounting in 1993.

David Eric Sundstrom, CPA, CISA, CIA

David Sundstrom serves as one of seven members of the Governmental Accounting Standards Board, a non-profit organization that establishes and improves financial accounting and reporting standards for the country’s 90,000 state and local governments. He has served in that post since July 2009 and his term will end June 2019.

Sundstrom retired as the Auditor-Controller-Treasurer-Tax Collector of Sonoma County in March 2016 after a 36-year career in governmental finance and auditing. Prior to taking office in Sonoma, Sundstrom served Orange County as its Auditor-Controller for 13 years and as its Director of Internal Audit for three years where he assisted in the County’s recovery from its historic bankruptcy. Before transitioning to county service, Sundstrom worked for 16 years in the education system as the University Auditor for the California State University Board of Trustees and as the Campus Audit Manager for the University of California, Davis. He has also worked for a private sector CPA firm as a senior accountant responsible for governmental auditing. Sundstrom has served as the president of the Orange County Chapter of the Institute of Internal Auditors and of the State Association of County Auditors. He has served as the chair of the State Controller’s Advisory Committee on County Accounting Procedures, and is a member of the AICPA and CalCPA.

Sundstrom was born in Berkeley, graduated from Saint Mary’s High School, and attended Saint Mary’s College. He enlisted in the United States Air Force during the Vietnam Conflict and was honorably discharged. He then served in the California Air National Guard while attending community college in Oakland and Santa Rosa. Sundstrom completed his undergraduate work at Sonoma State University, graduating with honors and earning a bachelor’s degree in management. After graduating, he went on to earn his master of business administration with an emphasis in finance and accounting from the University of California, Davis. Sundstrom is a Certified Public Accountant, Certified Information Systems Auditor, and a Certified Internal Auditor. He lives in Forestville with his wife.

Agenda:

  • 8:30am Welcome
    • Vanessa Ineen Burke, CPA
    • Gary M Caporicci, CPA, CGMA, CFF
  • 8:35am Keynote: Why Financial Statements Don’t Tell You Much About the Future
    • Russell Branson
  • 9:25am GASB Update
    • David Eric Sundstrom, CPA, CISA, CIA
  • 10:25am GASB Financial Reporting Model Update
    • David George Bullock, CPA
  • 11:15am CalPERS Contributions: Where They are Going
    • Nancy Campbell, ASA, MAAA, EA
  • 12:10pm Lunch Speaker: Senator John M. W. Moorlach
  • 1:05pm AICPA Update
    • Katherine Villanueva Lai, CPA, CGMA
  • 1:55pm GASB 74 and 75: Other Post-employment Benefits
    • Mary Elizabeth Redding, FSA, MAAA, FCA, EA
  • 2:55pm State Controller's Office
    • Jill Kanemasu
    • Michael Lu
    • Nathalie Ortiz
    • Jim Reisinger
    • Michael Silvera

Materials:

  • Materials - ebook
  • Materials - Hardcopy Textbook