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PITI-VITI News Items
Island Finance in Focus: Advancing Timely Audits and Regional Coordination at the IGFOA 2023 Winter Meeting
21 December 2023
Monique
Finance Course
IGFOA 2023 Winter Meeting
December 13 - 15, 2023
Frank Crawford
In-Person
Other The Island Government Finance Officers' Association winter meeting took place in Honolulu, HI, from December 12-14, 2023. The goals of the meeting were to review the current status of single audits for insular governments, including anticipated delays and ongoing strategies to catch up and issue timely audits; discuss challenges that have arisen during the audit process and identify potential solutions to improve future audits; review insular government finance office performance measures and discuss potential modifications and reporting; review changes to regulations and/or funding sources which may impact insular government financial operations; review forthcoming GASB standards and plan for their timely implementation; and identify key takeaways from the week for each insular government and develop follow-up activities to ensure that the insights gained from the meeting are effectively applied in each government.
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Audit Course
Planning Audit Assignments
December 11 - 13, 2023
Drummond Kahn
In-Person
US Virgin Islands Careful planning is the foundation of success in quickly completing quality performance audits. Recognizing that audits are projects, a structured approach is presented for planning.
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Audit Course
Compliance Auditing
December 07 - 09, 2023
Drummond Kahn
In-Person
US Virgin Islands Legislators, public officials and others expect that audits are conducted to ensure compliance with authoritative requirements. Learn the different kinds of compliance audits that might be made, including compliance with regulatory guidelines, contract and grant agreements, conformance with quality requirements, and compliance with established procedures and controls.
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Audit Course
Planning, Budgeting and Performance Measurement
December 06, 2023
Drummond Kahn
In-Person
US Virgin Islands Examine the relationship between performance measurement, strategic and annual planning, performance budgeting and performance reviews. Understand how performance measurement can improve planning and decision-making, resulting in government services that are more responsive, efficient and effective.
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Audit Course
Government Auditing Standards: Review and Update
November 28 - 29, 2023
Drummond Kahn
Virtual
Regional
This course will equip participants with knowledge and skill-building through an in-depth review and update on the Government Auditing Standards, plus a brief history of the development of the standards. Participants will discuss the structure of the recent revision of the standards and major changes, focusing on the sections applicable to performance audits. In addition, participants will discuss the purpose and requirements of individual standards, with emphasis on the recent changes.
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