2025 Albuquerque State and Local Government Training Session

 
Event Detail
  • Date
  • January 16, 2025
  • 11:30 a.m. – 5:30 p.m. CT
  • Location
  • ALBUQUERQUE, NM
  • Hosting, Speaking
  • Recommended CPE
  • 3.5 CPE credits (1.5 credit Information Technology; 1.5 credit Auditing (Governmental); .5 credit Taxes)
Speakers

Join us for CLA’s 2025 State and Local Government Training Session and Networking event. This complimentary in-person event will help you gain knowledge and insight to navigate the complex accounting, financial reporting, and operational issues facing many local governmental entities, higher education institutions, and nonprofits. Enjoy networking after the training sessions and have some light appetizers and beverages.

This session is a half day of thought-provoking and energizing dialogue surrounding issues other than traditional external audit matters. 

Who should attend 

This session is designed for accounting or financial managers, controllers, accounting and reporting staff, grant program managers, board members, and other financial decision makers in governmental entities.

Schedule

11:30 a.m. – 12:30 p.m. | Registration and Lunch

Lunch and Networking

12:30 – 1:20 p.m. | Preventing and Responding to Ransomware Attacks at Your Organization

Speakers: Mitch Thompson and Javier Young | 1 credit Information Technology

During this session, participants will be updated on how ransomware attacks are deployed and how to prepare yourself and your organization for recovery from an attack.

At the end of the session, you will be able to:

  • Identify how ransomware attacks are deployed
  • Recognize how to prevent the introduction of malicious software onto systems
  • Recall how to prepare yourself and your organization for recovery from a ransomware attack
1:20 –2:10 p.m. | Grants — Training and Policies for Your Organization

Speakers: Laura Beltran-Schmitz and Jane Tinker | 1 credit Auditing (Governmental)

This session will identify ways to evaluate your organization’s need to improve the grants management business process through training and policies, recognize key considerations used to determine what digital solutions would work for key business processes, and identify next steps to start simplifying grants management and enabling higher compliance with laws and regulations.

At the end of the session, you will be able to:

  • Discuss the importance of grants compliance and ways to improve
  • Identify grants compliance requirements and recognize the importance of internal controls over compliance
  • Identify grants management leading practices and discuss digital solutions around grants
2:10 – 2:20 p.m. | Break

10-min Break

2:20 – 2:50 p.m. | Inflation Reduction Act and Other SALT Credits

Speakers: Ron Saavedra and Everett Trujillo | .5 credit Taxes

The Inflation Reduction Act of 2022 (IRA) and the Bipartisan Infrastructure Law enacted in 2021 created unprecedented opportunities and groundbreaking possibilities for leveraging clean energy tax credits for both taxpaying and tax-exempt organizations, including state and local governments, nonprofits, and higher education institutions. We will distill this landmark legislation and outline how your organization can take advantage of its benefits.

At the end of the session, you will be able to:

  • Describe the various tax credit opportunities created by the IRA
  • Recall how credit refunds and transfers operate under the IRA
  • Describe the latest legal and regulatory updates under the IRA
  • Identify how to plan for clean energy investments within your agency or entity
  • Recognize grant opportunities for local governments included in the IRA and Infrastructure Law
2:50 – 3:20 p.m. | Automation and AI: Use Cases and What's in it for You

Speakers: Mitch Thompson and Javier Young | .5 credit Information Technology

We’ll delve into the dynamic world of automation and artificial intelligence (AI) in the realms of accounting and finance. Our focus will be on the practical applications and benefits of automation in streamlining accounting and finance-related processes.

We'll explore a variety of use cases demonstrating how automated systems and AI technologies — including business intelligence reporting, generative AI, and large language models — are revolutionizing data processing, accuracy, and decision-making for state and local governments, nonprofit organizations, and higher education institutions.

Engage with insights and real-world examples that showcase the transformative power of these technologies in enhancing efficiency, reducing manual workload, and unlocking new potentials in financial management and reporting.

At the end of the session, you will be able to:

  • Recognize the basics of AI and automation in finance
  • Recall comprehensive insights of how AI and automation technologies work, specifically in the context of accounting and finance
  • Review a range of practical use cases of AI and automation in financial processes
  • Recall how implementing AI and automation can significantly improve efficiency, reduce errors, further organizational mission, and improve the lives of the workforce
  • Identify ways your organization can adapt and stay ahead in this rapidly evolving field, including strategies for implementation and overcoming potential challenges
3:20 – 3:50 p.m. | Fraud, Waste, and Abuse — Current Trends

Speaker: Emilie Deveraux | .5 Auditing (Governmental)

We will discuss methods for detecting fraud and common internal control breakdowns that contribute to fraud. We will also identify leading practices for responding to an incident of fraud.

At the end of the session, you will be able to:

  • Recall methods for detecting fraud
  • Identify common internal control breakdowns that contribute to fraud, build awareness of the types of fraud, the profile of a fraudster, and common red flags
  • Identify leading practices for responding to an incident of fraud and for developing an internal anti-fraud program
3:50 – 4 p.m. | Closing Remarks

Final Comments

4 – 5:30 p.m. | Networking Reception

Networking Reception

Location 

The New Mexico Society of CPAs
Directions
3400 Menaul Boulevard NE
Albuquerque, NM 87107

Please register by January 10, 2025.

CPE

Recommended CPE: 1.5 credit Information Technology; 1.5 credit Auditing (Governmental); .5 credit Taxes)
Prerequisites: None 
Program level: Overview 
Advance preparation: None 
Delivery method: Group Live
View CPE sponsorship information

Register for this event

For more information:
Christina Holcomb
Marketing Coordinator

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