Welcome to the Online Continuing Professional Education for Certified Public Accountants
offered through Santa Clara University, in conjunction with the Accounting CPE Network.

What's the ACPEN Difference?

The ACPEN Difference

The Accounting Continuing Professional Education Network (ACPEN) is a joint project of state CPA Societies and other affilliated organizations who have a common goal: improving the quality and accessibility of distance learning opportunities available to their members.

Others' Technology

Webinar technology has, for some time, been a common offering of many participating ACPEN associations. Combining powerpoint slides delivered via the internet with audio of the instructor, either by telephone or internet, the webinar format allows for the delivery of educational content in a convenient, but visually limited fashion.

ACPEN's Technology

The ACPEN network is founded on the use of streaming video content over the internet that provides the participant with live, full motion video of the presenter, high quality audio, along with coordinated powerpoint slides. The ACPEN platform, provided by Business Professionals' Network and its technology partner, BizVision, also allows the end user to fully participate in the webcast by downloading written materials, emailing questions to presenters in real time, making notes in the viewer "notes" area, and emailing those notes to themselves for later use.

ACPEN's Production Values

ACPEN programming features enhanced production values and formats appropriate to the video medium. Presenters interact with each other as well as you, the ACPEN participant. This delivers an educational experience that is engaging, interesting, as well as professionally rewarding.

It is this unique combination of valuable information delivered using interactive live, video and audio internet technology that define The ACPEN Difference.



The Accounting Continuing Professional Education Network (ACPEN) CPE network, sponsored by State CPA Societies in many states, is dedicated to bringing, highly relevant, interactive, world-class CPE to every CPA in the most convenient and economical ways possible. Founded by four state societies in 1997, ACPEN is now a consortium of nearly 40 state societies.

Since 1998, ACPEN has been owned and managed by Business Professionals' Network, a firm that is responsible for the development of CPE content, management of the network, and that ensures that the satellite and internet technology is and stays at the cutting edge, for the benefit of state societies and their member CPAs. More information about ACPEN course offerings can be found below.

Since 1997, ACPEN programs have covered all of the most important subjects for accounting, tax and financial professionals. This year, you can join the thousands of CPAs across the country who have a reserved seat to one of the most fascinating ways to earn CPE credits available anywhere! In addition to CPE content developed by BPN, increasingly, state societies are taking advantage of webcast technology, adding their content and speakers to the ACPEN offerings.

More information about ACPEN CPE products and technology, can be found in the ACPEN Products section.


ACPEN Signature Series: 2012 Governmental Accounting and Auditing Update

Length: 8 Hours

Detailed Description:

Stay up-to-date on rapidly changing developments by participating in the 2012 Governmental Accounting and Auditing Update ACPEN broadcast! Take advantage of this opportunity to find out about breaking government issues. This is your opportunity to hear about the latest challenges facing governments and practitioners who work with them and audit them, presented by leading experts on governmental accounting and auditing, both those who work in the trenches and those from the regulatory world.

Although many of the programs are winding down, the American Recovery and Reinvestment Act (ARRA) of 2009, and its billions of dollars in additional federal funds passed through to entities subject to single audit requirements, continues to be a hot topic, and a major area of risk for governments and auditors. ARRA mandates an unprecedented amount of oversight and transparency for the spending of the stimulus funds and these are critical areas of focus for Congress and the OMB. The regulatory oversight as well as the political implications of misuse of these funds continues to raise important issues for governments at all levels, as well as their auditors. The ACPEN panel of experts can fill you in on all the latest details you need to know about how OMB is using single audits to provide transparency and accountability.

Single audit quality continues to be a favorite topic of regulators and is a significant risk for auditors. Following current developments and using the most recent guidance is critical to conducting quality single audits. While there has been much scrutiny of ARRA issues, governments and auditors need to be aware of the Federal Funding Accountability and Transparency Act (FFATA or Transparency Act), which mandates increased accountability and transparency for virtually all federal awards other than those funded by the Recovery Act. Because many governments are affected by the Transparency Act, it is essential for you to understand its requirements. It is also critical for you to closely follow significant proposed changes to the single audit process. The panel will discuss the proposed changes, including an increase in the single audit threshold, a new tiered approach to single audits, streamlining of compliance requirements, and changes to responsibilities for audit follow-up on findings. The panel will cover new guidance in the OMB Compliance Supplement on ARRA and FFATA requirements and associated audit procedures, as well as other Compliance Supplement updates. You’ll also receive a thorough update on other single audit issues, including the progress of the federal and AICPA task forces addressing single audit deficiencies, and single audit tools for auditors and governments.

At this year’s broadcast, it will be the perfect time to find out the details about how the GAO’s 2011 Yellow Book, the clarity standards, and the latest auditing and reporting issues will impact your engagements. Find out about the latest issues facing governments and their auditors as they implement new GASB standards on fund balance reporting/governmental fund type definitions, service concession arrangements, the reporting entity, deferred inflows/outflows/net position, and the huge Codification of pre-November 30, 1989 FASB and AICPA pronouncements.

The broadcast will also include a discussion on the COSO internal control framework from a local government perspective; why and how internal controls in local governments are different from other entities; typical problem areas; and how external auditors can help a government improve its control environment.

Finally, you’ll receive an update of the most recent accounting and auditing developments impacting governments and government auditors. This includes Single Audit issues, Yellow Book revisions, new and recently effective GASB pronouncements, audit issues, and a look at what’s on the horizon. Join ACPEN’s panel of experts as they discuss, not only the technical requirements of new standards, but also the key implementation issues that must be addressed by auditors and their governmental clients! Benefit from their experience and insights from many perspectives, as well as their long experience in governmental accounting and auditing.

This broadcast is designed to provide CPE that meets the Yellow Book CPE criteria.

Course Highlights:

•    Find out about significant proposed changes to the single audit process.
•    Learn about the increased emphasis on single audit quality.
•    How will the new clarity standards affect your government practice?
•    Hear about the most recent developments affecting single audits, including the 2012 OMB Compliance Supplement, as well as: The latest guidance on the audit of Recovery Act programs (and related reporting) and government and auditor requirements under the Federal Funding Accountability and Transparency Act (FFATA), Single audit quality issues, and Pitfalls, practice tips, and valuable perspectives from experienced practitioners.
•    Discover the details about key revisions in the 2011 edition of Government Auditing Standards and gain insights on how its provisions will impact your practice.
•    Learn about the COSO internal control framework from a government perspective, including proposed changes to COSO.
•    Find out about unique aspects of controls in local governments, problem areas, and steps auditors can take to recommend improvements.
•    How will new accounting and auditing standards affect governments and your government practice, including common implementation issues and best practices?
•    Find out about the challenging (and sometimes hidden) implementation issues relating to GASB 54 on fund balance reporting/governmental fund type definitions and other new GASB standards.
•    Hear a review and analysis of the details of new and recently effective GASB pronouncements on fund balance reporting/governmental fund type definitions, service concession arrangements, the reporting entity, deferred inflows/outflows/net position, and the huge Codification of pre-November 30, 1989 FASB and AICPA pronouncements.
•    Guidance from experts on how to avoid common single audit deficiencies and understand the IG perspective of the state of audit quality, and what impact that will have on your practice.
•    Learn the most recent auditing standards, government and Yellow Book/single audit risk alerts, and the latest AICPA audit and accounting guides.
•    Hear a finance officer’s perspective on key accounting and auditing issues, including advice on implementing GASB standards.
•    Find out what GASB projects are on the horizon.

This video is part of ACPEN Signature Complete Series
This video is part of A&A Deluxe
This video is part of Yellow Book Bundle

CPE Credits: 8

Field of Study 1: Governmental Accounting & Auditing (8 hours)

Field of Study 2: Yellow Book (8 hours)

Program Level (Basic, Update, Intermediate, Advanced, Overview): Intermediate/Update

Prerequisites: None

Advanced Preparation: None

Instructional Delivery Method: Group Internet Based

Course Registration Requirements: Online Registration

Designed For: Public and Industry Practitioners

Course Developer: ACPEN

Refund/Cancellation Policy: Please contact the ACPEN help desk - 1-800-747-1719 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Complaint Resolution Policy: Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).

Official Registry Statement: Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org

Produced By:



  • Carole A. Burgess, CPA
    • Carole A. Burgess, CPA, is an Executive Editor of PPC products for the Tax & Accounting business of Thomson Reuters, in Fort Worth, Texas. She is an author of PPC’s Guide to Single Audits, PPC’s Guide to Preparing Governmental Financial Statements, PPC’s Governmental Financial Statement Illustrations and Trends, and PPC’s Guide to Religious Organizations, and a contributing author of other guides and continuing education courses. Carole is also the technical review editor of The PPC Nonprofit Update newsletter. Ms. Burgess’ experience prior to joining PPC includes eleven years in public practice with Deloitte & Touche, LLP, where she was a senior manager specializing in state and local governments and recognized nationally as a compliance audit specialist relating to the Single Audit Act. Carole is a frequent presenter to accounting and other professional organizations including the Texas Society of CPAs

  • Bob Scott, CPA
    • Bob Scott, CPA, is Chief Financial Officer/Assistant City Manager for the City of Carrollton, where he has responsibility for all aspects of the City’s financial operations. He has a Masters degree in Accounting and a Bachelor of Science degree in Political Science from Texas Tech University. Mr. Scott began his career in public accounting, ultimately serving as an audit manager with responsibility for a large number of governmental clients. While in public accounting, he was designated by his firm as a specialist in state and local government and served a two-year practice fellowship with the Governmental Accounting Standards Board. Mr. Scott has extensive experience in accounting and financial reporting issues having recently served on the review committee for both GASB’s GASB 34 implementation guide and the GFOA’s new “Governmental Accounting, Auditing, and Financial Reporting” (known as the “Blue Book”). He currently serves as Vice Chairman for the GFOA’s Committee on Accounting Auditing and Financial Reporting and has served in the past on the Governmental Accounting Advisory Committee (GASAC) and the AICPA’s Governmental Accounting and Auditing Committee (GAAC). He also has a great interest and personal experience in improving organizational performance. Mr. Scott is an active lecturer for the Government Finance Officers Association, the American Institute of Certified Public Accountants and the Southwest School of Governmental Finance, and has also co-authored several professional journal articles. He is an active member of the Government Finance Officers Association, American Institute of Certified Public Accountants, and various other professional organizations.
  • Frank Crawford, CPA
    • Frank Crawford, CPA, is President of Crawford & Associates, P.C., Certified Public Accountants, an accounting firm located in Oklahoma City, Oklahoma. The firm specializes in providing auditing, consulting and accounting services solely to governmental entities. Over the last 25 years, Crawford & Associates has provided a variety of audit and accounting services to all sizes of government, including, but not limited to many types of financial audits and attestation services, planning and executing GASB 34 implementation plans, fraud investigations, internal control analysis, accounting policy and procedure development, contract internal auditing and internal monitoring, the development of management anti-fraud programs and controls, quality assurance reviews, training, capital asset record development and expert witness testimony. Mr. Crawford has served as the Chair of the AICPA Government Expert Panel and the Oklahoma Society of CPAs Government Accounting and Auditing Committee, 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, and the AICPA GASB 34 Audit Guide Revision Task Force. Mr. Crawford is also currently the Chairman of the AICPA National Governmental Accounting and Conference Planning Task Force, and is also a member of the Planning Committee of the AICPA’s Government and Not-For-Profit Training Conference. 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 U.S. territories, commonwealths and freely-associated states on audit finding resolution and financial analysis projects. Frank is a frequent lecturer, trainer and discussion leader for numerous groups, including U.S. Federal Government Agencies, CPA Firms and State Societies, and has appeared in several AICPA continuing professional education videos and live satellite CPE broadcasts and Webcasts produced by the Accounting Continuing Professional Education Network related to governmental accounting and auditing.

  • Marcia Buchanan, CPA, CGFM
    • Marcia Buchanan, CPA, CGFM, is Assistant Director, Government Auditing Standards, in GAO's Financial Management and Assurance Team. She has responsibility for maintaining, interpreting, and promoting Government Auditing Standards, commonly known as the "yellow book," and serves as a staff aide to the Advisory Council on Government Auditing Standards. She also participates for GAO with the International Organization of Supreme Audit Institutions’ Auditing Standards Committee and as an expert for working on proposed international auditing standards. During her 30 year GAO career, Ms. Buchanan has gained extensive audit experience on financial audits including the Department of Agriculture and Veterans Administration, and on performance audits of audit quality, single audit, and other issues. She has received numerous awards, including GAO's Meritorious Service Awards and the Comptroller General’s Integrity Award, and the Association of Government Accountant's Achievement of the Year Award and the 2005 Educator’s Award. Ms. Buchanan graduated from Virginia Tech and attended the Federal Executive Institute. She is a Certified Public Accountant (Colorado), a Certified Government Financial Manager, and a member of the American Institute of Certified Public Accountants, serving previously on its Government Accounting and Auditing Committee and Single Audit Working Group, and currently as an observer to several AICPA auditing standard task forces.
  • David R. Bean, CPA
    • David R. Bean joined the GASB staff in 1990 as its first full-time director of research and technical activities. Previous to working at the GASB, he was with Ernst & Young. He also was the director of the Technical Services Center of the Government Finance Officers Association and worked for the State Comptroller’s Office in Illinois. He holds a B.S. degree from Illinois State University and is a CPA.

Course Materials

  • ACPEN_Signature-Governmental_Accounting_Auditing_Update-Manual
  • Important CPE Credit Information_2012
  • CM-Sec-1-Bean-GASB Update-Revised-7-30-12
  • CM-Sec-2a-Bean-Implementation Issues
  • CM-Table of Contents revised 7-30-12
  • Course Outline-8/1/12 (2 pages)
  • Questions & Answers

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Santa Clara University website, but is a website developed and hosted by ACPEN, in conjunction with Santa Clara University.