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8:00 AM - Welcome from State Auditor Julie Blaha

About State Auditor Julie Blaha

8:15 AM - Governmental Accounting Update

Chris Pembrook, MBA, CPA, CGAP, CRFAC, shareholder at Crawford & Associates, PC

Chris specializes in providing auditing, consulting and accounting services solely to governmental entities. He also serves on the AICPA State and Local Government Expert Panel and the joint COSO-ACFE task force for developing the group's Fraud Risk Management Guide. Prior to joining the firm, Chris served as the CFO of the Oklahoma Police Pension & Retirement System and the deputy director of the Local Government & Special Services division of the Oklahoma State Auditor & Inspector’s Office.

Chris will provide information on the latest accounting standards issued by the GASB for state and local governments. The session will focus in on the new requirements for accounting for fiduciary activities and lease, which could have a significant impact on your local government. We encourage you to come with your implementation questions. Chris, also will identify some of the significant current projects in the works at the GASB.

11:00 AM – A Lookback at GASB 74 and 75

Jill Urdahl, FSA, EA, MAAA, Hildi Inc.

Jill is a Fellow of the Society of Actuaries, Enrolled Actuary, and a Member of the American Academy of Actuaries. Jill’s focus has been as a retirement actuary and consultant. She has worked with all sized employers, both public and private, to develop their retirement and OPEB strategies. Specific areas of focus include plan design, funding and financing, and administration services. In addition, Jill worked for two international consulting firms for over 14 years in various capacities, including principal actuary, managing supervisor, region recruiting lead, and Society of Actuaries exam committee member.

This session will cover highlights from the implementation of GASB Statements No. 74 and 75 and the changes arising from the new OPEB accounting standards and the impact on actuarial valuation and financial reporting. The session will look at some of the potential implementation issues of the new standards.

12:45 PM – Ethical Leadership

Chad Weinstein, Ph.D.

Chad provides leadership development and strategic consulting to organizations in for-profit, non-profit and public sectors. Prior to establishing Ethical Leaders in Action he founded the Hill Center for Ethical Business Leadership, a division of the James J Hill library. He has also been an adjunct faculty member of the Carlson School of Management at the University of Minnesota and a community faculty member of the School of Criminal Justice and Law Enforcement at Metropolitan State University. Chad has been an educator, manager and consultant for more than 20 years serving industries ranging from consumer products, medical devices, and pharmaceuticals to mining and petroleum extraction. Most recently he led teams and organizations in market and technology consulting as vice president of client services for Guideline, Inc. Chad holds a Ph.D. in ethics (philosophy) from the University of Minnesota.

This session will show ethical leaders build trust and ignite engagement to deliver extraordinary results. Chad will share real-world examples of ethics-driven workplace transformations, plus ethical practices and principles that you can use every day.

2:40 PM – Legal Compliance and Special Investigation Update

David Kenney, JD, Assistant Legal Counsel and Mark Kerr, JD, CFE, Director of Special Investigations, Assistant Legal Counsel, OSA

David and Mark have responsibility for updating the Guide and have provided guidance to staff and others for many years. They are both frequent speakers on issues ranging from legal compliance, investments, internal controls and fraud.

David and Mark will discuss recent changes to and legal issues arising under Minnesota and Federal laws that impact political subdivisions. They will emphasize timely compliance issues and updates to the Minnesota Legal Compliance Audit Guide for Political Subdivisions. Help ensure you are complying with Minnesota legal requirements by attending this session.

3:40 PM – What Does it Mean for Minnesota Local Governments?

Tom Karlson, CPA, Manager of Standards and Procedures and Lisa Young, CPA, Audit Staff Specialist Senior, Standards and Procedures, OSA

Tom and Lisa provide technical assistance to staff of the OSA, as well as to CPA firms and local governments. Together they have over 50 years of combined experience auditing and working with Minnesota governments.

This presentation will provide information that is specific to Minnesota. In particular, they will identify issues relating to how Minnesota local governments will comply with new standards, such as GASB Statement No. 84, Fiduciary Activities.

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