Audit Course
August 26, 2021
Michael Binder
Virtual
Audit resolution, follow-up, implementation, and reporting is a responsibility shared by the audit organization, the auditee organization follow-up coordinator and action officials. This responsibility is described in a variety of laws and OMB Circulars to provide a basis for accountability of the audited entities in responding to audit recommendations, reaching resolution and implementing the agreed upon corrective actions to reduce the risk of loss, improve operational performance and financial integrity in all levels of government.
This course will explore the statutes, guidance and standards for audit recommendations, resolution, follow-up progress, monitoring and reporting. It will also define the roles and responsibilities of the audit organization and those designated to perform follow-up, implementation and congressional reporting and budget submission functions.
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Finance Course
August 26, 2021
Frank Crawford
Virtual
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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August 26, 2021
Kip R. Memmott
Virtual
Performance auditing is both and art and a science. Performance auditors are generalists who deploy advanced interdisciplinary based methodologies and tools to “interpret realty” in order to execute effective root cause analysis necessary to develop objective audit conclusions and strong recommendations. This session “audits” common and emergent performance audit methodologies including the strengths and weaknesses of methods and strategic cost-benefit considerations. Learning objectives include a discussion of standards of evidence, auditor competency and skill requirements as well as the importance of investing in tools. The session highlights data analytics as a powerful and emergent tool in the auditor tool belt and highlights several case examples including an entertaining story about how auditors brought down a fraud scheme in Oregon.
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August 25, 2021
Drummond Kahn
Virtual
Receive an in-depth review and update on the 2018 revision of Government Auditing Standards, plus a brief history on the development of the standards. Discuss the structure of the recent revision of the standards and the major changes, focusing on the sections applicable to performance audits. Discuss the purpose and requirements of individual standards, with emphasis on the recent changes. Apply specific standards to real life cases. Discuss APIPA's Peer Review schedule and next steps to review APIPA member offices.
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August 25, 2021
Kip R. Memmott
Virtual
Public sector auditors are experts at helping their government organizations improve their operational cultures, control environments, and services. Yet, audit organizations are not always as focused on strengthening their own internal cultures, internal controls, and services. This session presents ideas for developing and deploying effective continuous improvement and change management activities within audit organizations and includes three entertaining audit organization change management case examples as well as learning objectives focused on auditing in a post-pandemic world.
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