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IIA Virtual Symposium: Environmental, Social, and Governance 

Register NowIIA Virtual Symposium: Public Sector – Public-Private Partnerships (P3s)

August 24 & 26, 2021
12:00pm - 2:10 p.m. ET

NOTE: Your registration confirmation email will come from The IIA. All subsequent emails containing log-in access will come from the webinar presentation provider: do_not_reply@on24event.com You may want to add this address to your system’s “safe” list. Otherwise, it may go to a spam folder. Three log-in/access emails are sent: 5 days prior, 1 day prior, and 2 hours prior to the start of the webinar. Thank you!

Ever wonder what the financial and nonfinancial risks are in public-private partnerships but were too afraid to ask? If so, please join us as two leading national audit experts provide an overview of P3s, financial statement reporting of P3 arrangements, risks related to participating in P3 relationships, how best to devise an audit plan for reviewing the financial reporting of P3s, and much more.

Sessions
  •   Session 1 (Part-One): DoD's P3s – Overview, Financial Reporting, Risks, and Audit Approaches

    Date: Tuesday, August 24, 2021
    Time: 12:00–1:10 p.m. ET

    Come and learn firsthand how the Department of Defense Inspector General’s office has successfully designed an audit approach dealing with one of the most complex and costly P3 arrangements you may ever come across. Facing two significant problems concerning housing for military service members and their families ― the poor condition of housing owned by the U.S. DoD and a shortage of quality, affordable private housing ― the United States Congress turned to a P3 solution in 1996 to help solve these problems. As a result, master 50-year ground leases transferred both land and existing infrastructure to private partners to revitalize military family housing.

    Attendees will…

    • Obtain an overview of Department of Defense (DoD) P3 arrangements.
    • Identify federal financial reporting criteria for P3s.
    • Define risk sharing agreements.
    • Understand Military Housing Privatization Initiative (MHPI) program risk and DoD reporting of MHPI information.
    • Learn about the impact of P3s on audit — approaches, responsibilities, and phases from prior-year findings and current-year status.

    Speaker

    Ted PaulsonTed Paulson
    Audit Project Manager, US Department of Defense Inspector General
    Financial Management and Reporting Directorate

    Ted Paulson has 35 years of federal government service experience, having started in 1987 at the DoD OIG headquarters auditing major defense contract pricing. During his DoD OIG career, he has performed audits of financial statements, financial audit readiness, financial systems, and internal controls as well as contracts, medical information, logistics, weapon system maintenance, and supply support in several field offices. Paulson leads a team that covers diverse areas including abnormal account balances, environmental disposal liabilities, and DoD accounting for the military housing privatization initiative. Prior to the OIG, Paulson began his career working for the Defense Contract Audit Agency performing contract audits. He has received numerous awards and recognitions for outstanding audit products and performance throughout his career including the DoD Meritorious Service Award.

  •   Session 1 (Part-Two): Auditing P3 Projects: Challenges, Opportunities, and Lessons Learned

    Date: Tuesday, August 24, 2021
    Time: 1:10–2:10 p.m. ET

    Canada has seen private-public partnerships in various forms over the past 30 years. Some of the early policy decisions may have been driven by getting public sector debt off the balance sheet, but public policy evolved to take advantage of private sector experience. Arguments for P3s are that they provide better value-for-money and transfer risk to the private sector. Arguments against P3s include the position that those benefits have not been realized and extend to discussions about how the public good is best served. This session will summarize the history and current uses of P3s, speak to the numerous audits that have been published in recent years, and outline aspects that should be taken into account when auditing a P3.

    Attendees will…

    • Learn about the common types of P3s in Canada.
    • Acquire information about P3 audits that have been completed for reference.
    • Discover how to design a P3 audit (objectives, criteria, recommendations).

    Speaker

    Carol BellringerCarol Bellringer, CPA
    CEO/President, Canadian Audit & Accountability Foundation

    Carol Bellringer has been a leader in the Canadian legislative auditing community for many years, having served as the auditor general in both British Columbia and Manitoba. She possesses an extensive background in conducting financial and performance audits as well as investigations. Her prior roles include serving as the city auditor for the City of Winnipeg; management positions with KPMG in Montreal, Toronto, and Winnipeg; and several board positions, including the Canadian Auditing and Assurance Standards Oversight Council and the International Federation of Accountants. Her career-long dedication to advancing the profession and supporting the auditing community was recognized by the Chartered Accountants of Manitoba in 2006, and by B.C. in 2015, when she was named a Fellow. Bellringer received the Lifetime Achievement Award from CPA Manitoba in 2021.

  •   Session 2 (Part-One): Topic and Speaker Being Confirmed

    ​Topic and Speaker Being Confirmed

  •   Session 2 (Part-Two): Examining Risks/Rewards and Accountability in Public/Private Partnerships

    Date: Thursday, August 26, 2021
    Time: 1:10–2:10 p.m. ET

    Join in the discussion as we look more deeply into the experiences with P3 projects. Our expert panel members will share their experiences and observations and provide clear examples of risks to be aware of. We will also hear about real-time projects and the role internal audit is playing to ensure financial responsibility.

    Learning Objectives

    • Identify critical risks and rewards in P3 relationships.
    • Explore new opportunities using P3. Will we see it more in the social services sphere?
    • Describe accountability and responsibility. Are governments hiding behind these P3s?

    Speakers

    Ted Paulson
    Audit Project Manager, US Department of Defense Inspector General
    Financial Management and Reporting Directorate

    Carol Bellringer, CPA
    CEO/President, Canadian Audit & Accountability Foundation

    Moderator

    Domenic SaviniDomenic Savini, CMA, CPA
    Assistant Director, Federal Accounting Standards Advisory Board

    Mr. Savini is an assistant director at the Federal Accounting Standards Advisory Board (FASAB) where he primarily serves the Board in the area of infrastructure addressing such issues as deferred maintenance and repairs, asset impairment, and public-private partnerships. He began his career with the Defense Contract Audit Agency supervising both mobile and resident audit teams performing a host of compliance, operational and financial statement audits. As a result of his accomplishments, in 1998 he was selected for the prestigious Director’s Fellowship Program. Mr. Savini also worked for the Department of the Navy’s Military Sealift Command as a financial analyst and contract negotiator where he was primarily responsible for financial management of the Navy’s multibillion dollar Maritime Pre-positioning Ship program. Mr. Savini also served in several prominent positions with the Department of Housing and Urban Development’s (HUD) Real Estate Assessment Center (REAC). Notably, as Director of REAC’s Public Housing Authority (PHA) Finance Division, he directed the financial assessment and GAAP conversion of HUD’s 3200 Public Housing Agencies and was also responsible for developing nation-wide financial analysis training for HUD staff. Prior to joining FASAB, Mr. Savini held the prestigious position of Director of Finance & Administration with the Smithsonian Institution’s Sackler/Freer Galleries of Art. Mr. Savini is a member of the Government Finance Officers Association Special Review Committee, American Institute of Certified Public Accountants and the Virginia Society of Certified Public Accountants. He serves as a Board member with the Association of Government Accountants (AGA) CEAR program and with the Institute of Internal Auditors Public Sector Audit Center and is a Fellow with the Institute for Responsible Infrastructure Stewardship. Mr. Savini has a bachelor’s degree in accounting from Kean University, master’s degree in general administration from Central Michigan University, and is a Certified Management Accountant (CMA). He is a licensed Certified Public Accountant (CPA) in New Jersey and Virginia.

​Pricing and Registration

Single Session​ Both Sessions​
​IIA Member ​$95 ​$165
​Nonmember ​$125 $225​
​AEC ​$95 ​$165
​Group (For groups of 4 or more) ​$85 ​$135

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When you arrive at the IIA Market-Events page, select the following from the drop-down menu to register:

  • Location: Virtual
  • Delivery Format: eLearning
  • Date Range From: Select August 24, 2021 on the calendar
  • Date Range To: Select August 26, 2021 on the calendar

Event Information

Traning duration: 4 hours
CPE Hours: 4
Knowledge Level: Basic
Field of Study: Auditing (Governmental)
Prerequisites: None
Advance Preparation: None
Delivery Method: Group Internet Based

The IIA 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 submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.