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Frank Crawford, CPA

Oklahoma City, OK

Frank Crawford is President of Crawford & Associates, P.C., Certified Public Accountants, an accounting firm located in Oklahoma City, OK. The firm specializes in providing auditing, consulting and accounting services solely to governmental entities and is a member of the AICPA and the Government Audit Quality Center. Over the last 31 years, Crawford & Associates has provided a variety of audit and accounting services to all sizes of government including many types of financial statement audits and attestation services, fraud investigations, internal control analysis, accounting policy and procedure development, outsourced internal auditing and internal monitoring, developing management anti-fraud programs and controls, quality assurance reviews, training, and expert witness services.

Mr. Crawford was the recipient of the Association of Government Accountants (AGA) 2014 Private Sector Financial Excellence Award, an annual recognition of one individual who has been deemed by the AGA to have made significant contributions to the field of governmental financial management.

Frank was also recognized as a recipient of the Graduate School's "2010 Instructor Excellence Award". Quoting the Graduate School officials, "Your students and colleagues, as well as Graduate School Staff, honour and value the work that you do here, as evidenced by the many statements of support that praised your skills. Of the School's 800+ instructors, you are one of only thirteen who will receive this prestigious award this year."

He is currently the Chairman in the Oklahoma Society of CPAs Government Accounting and Auditing Committee (19 years) and has also been involved in a number of other AICPA committees and task forces as they relate to governmental accounting and auditing, including the AICPA Governmental Accounting and Auditing Committee, the AICPA Government and Not-For-Profit Expert Panel, the AICPA Government Performance and Accountability Committee, the AICPA GASB 34 Audit Guide Revision Task Force, and the GASB’s recent Financial Reporting Model Revision Task Force.  Mr. Crawford also served as Chairman of the AICPA Government Expert Panel after serving on the panel for 11 years and as Chairman of the AICPA’s annual Government and Not-For-Profit Training Conference after serving on the Planning Task Force of the Conference for the past 18 years.

Over the years, Mr. Crawford has assisted both the AICPA and GASB in the development of several implementation guides as a member of an advisory group, task force or technical content provider. His experience with GASB 34 implementation and audit issues dates back to June 30, 1999, as auditor of the first general-purpose government in the United States to implement the requirements of GASB 34.

Mr. Crawford is also currently working with many of the US states, territories, commonwealths and freely-associated compact governments on audit finding resolution and financial analysis projects and also serves as a technical consultant and advisor to a number of Federal Government Agencies.

Frank is a frequent lecturer, trainer and discussion leader for numerous groups, including U.S. Federal Government Agencies, various local and national CPA firms, a number of State Societies, and has also appeared in several AICPA continuing professional education videos and live satellite CPE broadcasts and webcasts related to governmental accounting and auditing.

Commonly known as Frankie to clients, friends and family, Mr. Crawford has two children, 25 year-old daughter Madison, a Pediatric ICU RN, and 20 year-old son Blake, a two-time State Champion in HS tennis, and now playing NCAA college tennis as a redshirt freshman at Newman University in Wichita, KS. Mr. Crawford also has the good fortune to be married to Cindy Crawford (not the supermodel, but better).

Instructor IGFOA icon2 Past Courses

A new GASB accounting standard has recently became effective that alters the historical landscape of how lease accounting has always been performed.  GASB 87 not only does away with the methodology of previous accounting for leases, but also introduces new concepts for what a lease is, and even more importantly what is not a lease, and also provides new guidance on how to determine the true “term” of a lease for accounting and financial reporting purposes. 

 

 

 

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A new GASB accounting standard has recently became effective that alters the historical landscape of how lease accounting has always been performed.  GASB 87 not only does away with the methodology of previous accounting for leases, but also introduces new concepts for what a lease is, and even more importantly what is not a lease, and also provides new guidance on how to determine the true “term” of a lease for accounting and financial reporting purposes. 

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The Governmental Accounting Standards Board is issuing new standards and summarizing existing standards.  This fast-paced session will provide auditors, financial statement preparers, and financial managers with the latest updates on what changed, what stayed the same, and what you may need to do differently (or keep doing) in light of the standards. We'll cover the important changes and review status of everything from GASB 87 to this year's new codifications in GASB 99.  If you prepare, use, or audit government financial statements, you won't want to miss this session!"

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The Performeter is an analytical tool that takes a government’s financial statements and converts them into useful and understandable measures of financial performance. The Performeter uses financial ratios and a copyrighted analysis methodology to arrive at an overall rating of 1-10, which indicates the overall financial health and performance of a government.

Since 2002, PITI-VITI has been developing Performeters annually for each of the insular areas. As a result, multiple years of cumulative data is now available for each government. In addition to being able to track overall scores, the Performeter can also be used to track individual trends within ratios: Net Assets, Fund Balances, Revenue Dispersion, Intergenerational Equity, etc.  This session will describe the Performeter tool, highlight recent results by insular area, and consider next steps for island governments'  financial health and performance.

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