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Date: November 18 & 19, 2021
Time: 8:45am – 3:00pm
Location: Virtual Conference via Zoom

 

Eligible CPD Hours:10
Course Fee: $580
(Special discounted pricing)
PD Passport Valid: 18 credits


Summary

The Local Government Accounting & Auditing Workshop is a joint presentation by the Government Finance Officers Association of BC (GFOABC) and CPABC. The objective of this workshop is to provide a forum for practitioners and auditors to discuss the accounting, auditing, reporting and financing issues facing local governments.

Don’t miss this opportunity to get up to date on accounting and auditing practices, and to discuss relevant issues.

Attendees will be able to meet, interact, and exchange ideas with some of those involved in standard setting.

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Nexus Day Agenda

DAY 1

8:45 am - 9:00 amWelcome and Introductory Remarks
GFOABC & CPABC

9:00 am - 10:00 am

Public Sector Accounting Board - Update
Michael Puskaric, MBA, CPA, CMA (Ontario) | Director, PSAB

PSAB will provide an update on their draft strategic plan and projects currently underway including: the conceptual framework and new reporting model, employee future benefits, asset retirement obligations, and public private partnerships.

10:00 am - 10:15 amBreak

10:15 am - 11:00 am

Conceptual Framework & Reporting Model – Transparency & Accountability
Matthew Colley, CPA, CA (Ontario)| Partner, Audit & Assurance, Deloitte

The conceptual framework project has been underway for more some time. This session will provide an overview of the project thus far and potential impacts to local governments.

11:00 am - 11:15 amBreak

11:15 am - 12:00pm

Accounting for Natural Assets
Roy Brooke | Executive Director, Municipal Natural Assets Initiative
Bailey Church, CPA, CA | KPMG
Joanna Eyquem, P.Geo, CWEM, CEnv. | Managing Director, Climate Resilient Infrastructure, Intact Centre on Climate Adaptation

As environmental, social and governance factors become increasingly important, there is increasing pressure from stakeholders for standard setters to pursue the development of a standard for recognizing and measuring of natural assets. This session will provide some background on the importance of accounting for natural assets and what this could mean for local governments.

12:00 pm - 1:00 pmLunch Break

1:00 pm - 1:45 pm

GFOA International – Canadian Financial Reporting Awards
Brian Szabo, CPA, CA | Partner, BDO
James Phillips | Senior Program Manager, GFOA US & Canada
Jorge Silvestre, CPA, CGA | Manager of Financial Reporting & Compliance, City of Surrey

Established in 1986, the Canadian Award for Excellence in Financial Reporting Program encourages and assists Canadian local governments to go beyond the generally accepted accounting principles set out by the Public Sector Accounting Board. This session will provide an overview of the award program and what it takes to become an awardee.

1:45 pm - 2:00 pmBreak

2:00 pm - 3:00 pm

Asset Retirement Obligations – Roundtable Discussion
Moderator: Asifa Hirji, CPA, CA | KPMG
Deborah Bodnar, CPA, CMA | District of Port Hardy
Bailey Church, CPA, CA | KPMG
David Hallinan, FCPA, FCMA | City of Kamloops
Jamie Slater, CPA, CA | Regional District of Nanaimo

PS3280 Asset Retirement Obligations will have a significant impact on local governments. This local government roundtable will discuss where each of their organizations are at in terms of implementing the new standard. Discussions will include stakeholder engagement, determining what’s in scope, measurement approaches, and implications around transitions methods.


DAY 2

8:45 am - 9:00 amWelcome and Recap

9:00 am - 9:45 am

City of Vancouver Internal Audit
C.J. James, CPA, CA | National Education Practice Leader, KPMG
Tony Hui, CPA, CA | Chief of Internal Audit, City of Vancouver
Carmen Fuellbrandt, CPA, CMA, CIA | Manager, Internal Audit, City of Vancouver
 Jenny Lau, CIA, CISA | Data Analytics Specialist, Internal Audit, City of Vancouver

The City of Vancouver is one of a few local governments with an internal audit function. This presentation will provide an overview of the audit mandate, types of audits and audit activity & findings.

9:45 am - 10:00 amBreak

10:00 am - 11:00 am

Cyber Security – Mitigating the Risks 
Chris Law | Partner, MNP

The public sector is increasingly vulnerable to cyber attacks. Unlike the private sector, the public sector is not always able to justify the IT budget needed to protect against attacks. This makes the public sector an easy target for hackers. As cyber incidents have increased so too has the challenges around mitigating risk. This session will touch on insurance issues before and after a breach, risk pools, third-party risk management and the role of cyber security audits in minimizing the risk of an attack.

11:00 am - 11:15 amBreak

11:15 am - 12:00pm

Employee Benefits – Proposed Section 3251
Lenora Lee, CPA, CA | Partner, KPMG

Employee Benefits, Proposed Section 3251 is set to replace existing Section PS 3250, Retirement Benefits and Sections PS 3255, Post-Employment Benefits, Compensated Absences and Termination Benefits. This session will provide an overview of the work done thus far and potential impacts to local governments in British Columbia.

12:00 pm - 1:00 pmLunch Break

1:00 pm - 1:45 pm

Medley of Accounting & Auditing Issues – Roundtable Discussion
Brandon Ma, CPA, CA | Audit Partner, KPMG
Brian Szabo, CPA, CA | Partner, Assurance, BDO
Cory Vanderhorst, CPA, CA | Regional Assurance Partner, MNP

This local government auditor roundtable provides an opportunity for auditors to speak to a variety of accounting and auditing issues relevant to local governments in BC. 

1:45 pm - 2:00 pmBreak

2:00 pm - 3:00 pm

Ethics in Local Government
Moderator: Mario Piroddi, CPA, CA | Partner, Assurance, BDO
Reece Harding, LL.B. | Partner, Young, Anderson
Jervis Rodrigues, CPA, CA | Partner & Senior Vice-President Financial Advisory Services, BDO 

Financial Officers in local government have a duty to act in an ethical manner as well as in the public interest. For those that are professional accountants in Canada, they are also bound by their professional Code of Ethics. It is more than a commitment to act in accordance with statutory requirements. This session will provide some context around the interface between professional ethics of finance and ethical standards and obligations of Councils and Boards.

3:00 pm - 3:10 pm

Thank you and Closing Remarks

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Deborah Bodnar, CPA, CMA

Deborah Bodnar, CPA, CMA is the Director of Financial Services for the District of Port Hardy where she oversees the finance and accounting functions and is responsible for Asset Management and the new Asset Retirement Obligation accounting standard

She started her career in 1992 with the City of Edmonton where she progressed through various financial positions ultimately spending over 7 years with the Edmonton Police Service.  Before joining the District of Port Hardy in 2020, Deborah worked for Stantec as an internal auditor focusing on SOX compliance and other reporting.

Roy Brooke

Roy Brooke is Executive Director, Municipal Natural Assets Initiative. Roy served as Director of Sustainability for the City of Victoria between 2011-2013. Between 2003-2011 he worked for the United Nations, including the World Health Organization, United Nations Environment Programme and UN Office for the Coordination of Humanitarian Affairs.

During his time with the UN he was based in Geneva, Switzerland, and later in Rwanda, where he was UNEP’s Environment Programme Coordinator.  Prior to this he served as a political advisor to Canada’s environment minister.

Bailey Church, CPA, CA (Ontario)

Bailey Church, CPA, CA (Ontario), is Partner, and leads the National Public Sector Accounting Advisory service line, at KPMG. He has an extensive background serving the Government of Canada, provincial governments, crown corporations, municipalities, not-for-profit organizations and for-profit entities pursuing significant transactions with public sector entities.

Bailey is a well-known speaker at seminars and conferences across the country, including the Government Financial Officers Association, the Institute of Internal Auditors, the Financial Management Institute, the Canadian Comprehensive Auditing Foundation, and the Office of the Auditor General.

Matthew Colley, CPA, CA (Ontario)

Matthew Colley, CPA, CA (Ontario), is a partner and the leader of Deloitte’s National Public Sector Assurance practice, and has over 17 years of public accounting and audit experience. Matt is a licensed public accountant and is a subject matter expert in PSAB, GNFPO, NFPO, ASPE and IFRS Standards.

Matt has worked with all levels of government across Canada and has done extensive work with Canadian municipalities on their financial reporting and finance function needs.

Joanna Eyquem, P.Geo, CWEM, CEnv.

Joanna Eyquem, P.Geo, CWEM, CEnv. is Managing Director, Climate Resilient Infrastructure at Intact Centre on Climate Adaptation. Natural assets are at the heart of Joanna’s career, having worked as a geoscientist specialising in climate adaptation, habitat restoration and flood and erosion management over the last 20 years, in Canada and the UK.

Through her work at the Intact Centre, she is engaging the financial sector in considering natural capital and physical climate risk in investment decisions. She also works with local governments and organisations on the ground to support preservation and restoration of natural assets that deliver multiple benefits, in particular building flood and coastal erosion resilience and limiting the growing risks from extreme heat. Prior to joining the Intact Centre, Joanna was the National Climate Change Practice Lead at AECOM in Canada. She is a Professional Geoscientist (P.Geo.), Chartered Water and Environmental Manager (CWEM) and Chartered Environmentalist (CEnv.).

Joanna Eyquem, P.Geo, CWEM, CEnv.

Carmen Fuellbrandt, CPA, CMA, CIA, is a manager with the City of Vancouver’s Internal Audit division. With over 15 years of internal audit and risk management experience, she has led a broad range of internal audit projects, operational and financial audits, covering the City’s key business processes and programs.

Carmen started her career with TELUS, where she held several positions in risk management and internal audit. Carmen is a CPA, CMA (Gold Medallist) and also holds the CIA (Certified Internal Auditor) and CRMA (Certification in Risk Management Assurance). She is a member of the Canadian Audit and Accountability Foundation (CAAF), Municipal Internal Audit Association (MIAA), and the Association of Local Government Auditors (ALGA).

David Hallinan, FCPA, FCMA, is Budget & Reporting Manager, City of Kamloops. Dave is an accounting professional with over 30 years of business experience in industry, provincial and municipal government.

Dave has spent many years supporting the accounting profession having served on the both the CMABC and CPA Provincial Board of Directors. Dave left the CPABC board in 2017 when his term as chair expired. Locally Dave serves on the board executive for both the Canadian Mental Health Association Kamloops branch and the Overlander Ski Club.

Reece Harding, Partner, Young Anderson Barristers and SolicitorsHis practice is focused on local government law litigation but includes judicial review, administrative law, aboriginal law, assessment and taxation law, natural hazard risk avoidance, governance and conflict resolution.

Reece is a member of the Municipal Law subsection of the B.C. Branch of the Canadian Bar Association and speaks frequently at LGLA, LGMA, UBCM and MATI events.

Asifa Hirji, CPA, CA,

Asifa Hirji, CPA, CA, Senior Manager in KPMG’s Vancouver audit practice, has more than 10 years of audit experience with various public sector and not-for-profit organizations. She leads a number of local government audits in BC and develops and delivers training throughout the Province on both local government accounting and audit matters.

She leads KPMG’s audit quality focus in Vancouver, ensuring audits are delivered in accordance with professional standards and provide value to our clients. Asifa provides accounting advice to Ministries and provincial governments both in BC and the Yukon, particularly in the areas of change.  Asifa and is actively involved in GFOABC through conferences and delivering technical PSAB updates at the annual conference.  

Tony Hui, CPA, CA, CRMA,, leads the City of Vancouver’s Internal Audit Division, promoting efficiency, effectiveness, and an accountable City government by assisting management in establishing an internal control environment that mitigates the City’s financial risk exposure and safeguards the City’s assets.

Tony has been working in various Finance and Internal Audit roles for over 30 years. He began his career with PwC prior to joining the City of Vancouver where he served in various capacities in the Budget Office as well as the Treasury Department. He established the City’s Internal Audit Division and he has overseen the function since. In that time, Tony has seen the evolution of the City and has remained committed to providing audit assurance services to support management in ensuring effectiveness and efficiency of City processes and programs.

Tony is an advocate for internal audit functions in municipalities across the Lower Mainland. For the past decade, he has organized annual audit forums, bringing together internal auditors from various municipalities across the Lower Mainland. Tony is a CPA and CRMA (Certification in Risk Management Assurance) and has memberships with the Canadian Audit and Accountability Foundation (CAAF), Municipal Internal Audit Association (MIAA), and the Association of Local Government Auditors (ALGA).

C.J. James, CPA, CA,, is the Canadian National Leader for KPMG’s Education practice and the Industry Leader of KPMG’s Public Sector Audit Practice in British Columbia. She has over 25 years of experience working with a wide-range of public sector entities, not-for-profit organizations, and private companies.

C.J. advises clients on dealing with complex transactions, accounting analyses, and adoption of new accounting standards. Her deep understanding of educational institutions and the various opportunities and challenges that they face has led to her helping education clients across the country thrive and succeed. C.J. is a Board member of the Public Sector Accounting Board (PSAB). In her role, C.J. serves the public interest by establishing independently set accounting standards for the public sector which are critical to promoting confidence in public sector entities.

Jenny Lau, CIA, CISA,, is a data analytics specialist with the City of Vancouver’s Internal Audit division. She has 10+ years of internal audit experience with a focus on data analysis, cybersecurity and information privacy.

Prior to joining the City, she was an advisory consultant, leading and delivering consulting and assurance solutions for private and public sector clients. Jenny is a Certified Internal Auditor (CIA) and a Certified Information Systems Auditor (CISA). She is a member of the Canadian Audit and Accountability Foundation (CAAF), Municipal Internal Audit Association (MIAA), and the Association of Local Government Auditors (ALGA).

Chris Law is a member of MNP’s Digital Services team in Vancouver. A passionate information technology and cyber security leader, Chris develops pragmatic, innovative and proven solutions for a wide range of clients in fields that include higher education, health authorities, municipalities, transportation and retail.

With an extensive technical background and more than 25 years of IT and cyber security experience, Chris brings a keen understanding of company IT infrastructure, and demonstrated excellence in identifying risk and emerging issues to his role. An adept communicator, he is an effective team leader and liaison between boards, stakeholders and various levels of management. Chris’s areas of expertise include IT and cyber governance; strategic cyber roadmap planning; cyber risk, risk analysis and mitigation; change management and disruptive technology; network design and data centre architecture; incident response; high net worth cyber program; private cyber solutions and product integration. Chris is a sought-after speaker, cyber education instructor and lecturer. Chris earned a Bachelor of Science (BSc.) in computer science from the University of British Columbia in 1996.

Lenora Lee, CPA, CA,  is a Partner with KPMG’s assurance practice in Victoria. Upon graduating from the BCom program with the Faculty’s Business Award of Excellence, Lenora obtained her chartered accountant designation, and in 2009, was recipient of the Institute of Chartered Accountant’s Early Achievement Award for her accomplishments in career, profession and community.

In 2011, Lenora became the first female to be promoted to partner in KPMG’s Victoria office. She is a trusted business advisor to her clients including public companies, private enterprises, government and not-for-profit organizations.

She remains connected to Uvic and the Gustavson School of Business in a variety of ways including recruiting on campus for new CPA articling students, volunteering as a mentor to BCom and MBA students and teaching as a sessional instructor. She volunteers with a number of local charities to give back to the many organizations dedicated to supporting and enriching communities.

Brandon Ma, CPA, CA

Brandon Ma, CPA, CA, is an Audit Partner at KPMG with over 12 years of experience providing assurance and business advisory services. He is passionate about making our clients’ businesses and organizations better.

Brandon’s experience spans a broad range of industries, with a focus on all subsectors of the public sector, not-for-profit and technology industries, as well as consumer markets, food processing, and professional associations.

James Phillips,

James Phillips, Senior Program Manager, GFOA US & Canada, is responsible for administration of the Certificate of Achievement for Excellence in Financial Reporting (Certificate Program) and the Canadian Award for Financial Reporting (CAnFR) Program.

He also performs reviews for the Certificate Program and serves as staff for the GFOA’s Committee on Canadian Issues.  James holds a Bachelor’s degree from DePaul University and joined the GFOA staff in 1992.

Mario Piroddi, CPA, CA,, is an assurance partner in the Kamloops Office. He brings a working knowledge of assurance and related services that he has accumulated since 2001 in working with both the Vancouver and Kamloops BDO offices.

He has significant experience with providing assurance, accounting, and taxation services to various businesses, not-for-profit organizations and municipalities. Mario serves on the external relations committee for the Government Finance Officers of BC and is a regular presenter at conferences and professional development sessions.

Michael Puskaric, MBA, CPA, CMA (Ontario)

Michael Puskaric, MBA, CPA, CMA (Ontario), is the Director, Public Sector Accounting Standards for the Public Sector Accounting Board. His role is to be the champion for improving public sector accounting practices across Canada by sharing knowledge, encouraging collaboration, and leading the development of standards.

Michael has a broad base of experience based on 20 years working in public, private and not-for-profit sector organizations.

Jervis Rodrigues, CPA, CA

Jervis Rodrigues, CPA, CA is Partner and Senior Vice-President, Financial Advisory Services at BDO Vancouver.

Jervis was also the Chief Financial Officer of British Columbia Lottery Corporation (BCLC), where he was largely focused on business optimization and enterprise transformation. His industry expertise covers high tech, manufacturing, consumer retail, tourism hospitality & leisure, agriculture, gaming and real estate. Jervis has served all of the big and medium-sized banks and has worked closely with many national and regional firms. He has consulted to many federal and provincial ministries and all major BC crowns. He is a qualified expert witness on forensic and insolvency matters in BC and Ontario courts.

Jorge Silvestre,

Jorge Silvestre, Manager of Financial Reporting & Compliance, City of Surrey, has been with the City of Surrey since 2013 and has been serving as a reviewer for GFOA US & Canada’s Canadian Financial Reporting Awards program.

In addition to the Canadian Financial Reporting Awards, Jorge also serves as a reviewer for the Distinguished Budget Presentation Award.

Jamie Slater, CPA, CA

Jamie Slater, CPA, CA is the Manager of Accounting Services for the Regional District of Nanaimo. Jamie oversees the Regional District’s financial and accounting functions and is responsible for the implementation of the new Asset Retirement Obligations (ARO) accounting standard.

She started her career in public practice in 2002 (completing local government audits) and completed the CPA Public Sector Certificate Program in 2019. Before joining the Regional District of Nanaimo, Jamie was the Director of Financial Services for the District of Lantzville where the Finance department received the GFOA’s Canadian Award for Financial Reporting.

Brian Szabo, CPA, CA

Brian Szabo, CPA, CA is Partner, Assurance, at BDO. Brian has been providing assurance and accounting and business advisory services for over thirty years to numerous not-for-profit and public sector organizations, including local government, first nations, education, health authorities, crown and provincially controlled entities.

Brian is a former Director & Lifetime Member of the Government Finance Officers of BC, and a frequent presenter at conferences and professional development sessions. He is an active member of the Vancouver business community and is a Past Chair of the Board of Directors of the North Vancouver Chamber of Commerce.

Cory Vanderhorst, CPA, CA

Cory Vanderhorst, CPA, CA, is the Regional Assurance Partner for MNP’s Vancouver Island region.

Working out of the Nanaimo office, Cory specializes in delivering business advice and assurance and auditing services to municipalities, universities, schools and hospitals as well as not-for-profit organizations and First Nations communities.

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