Tribal Gaming Hot Trends and Topics Preconference

Why attend?

If you are involved in tribal gaming, this tribal-based preconference is for you. This preconference will present three topics that every tribal gaming leader, whether you are part of management, tribal council, or the gaming commission, needs to know about and comply with, including updates from the American Institute of Certified Public Accountants (AICPA) Gaming Audit and Accounting Guide highlighting GASB 87 regulations. We will explore Title 31/AML compliance and end the day sharing with you examples of gaming-related fraud and identify internal controls you can implement to help reduce your exposure.

Wipfli's tribal experts have been presenting the highest-quality training for more than 40 years. Participants declare Wipfli training "empowering," "outstanding," "meaningful," "invaluable," and "relevant."

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Be Prepared: Wipfli has "Gone Green!"

Materials for this workshop will be available online two weeks prior to the start of the conference. For your convenience, you will have access to the online materials for two months following the conference.

Please download the materials before the workshop to your computer/device and bring your computer/device with you to the workshop. If you prefer to print the materials, please bring them with you because paper copies will not be available on site.

You will receive a workbook on site for hands-on activities. Registered attendees will receive an e-mail when the materials are available online.


TRAINERS

Denis Adams, CPA
Senior Manager
Grant Eve, CPA, CFE
Partner

Training Seminar Outline

Part 1: AICPA Gaming Audit and Accounting Guide and GASB 87

Date: Monday, July 9, 2018; 8:30 a.m. – 12:00 p.m.
Tracks: Tribal Gaming
History: New
Type: Full
Experience: All (All levels of experience)
Level: Basic
Advanced Preparation: None
Prerequisites: None
Field of Study: Specialized Knowledge
Qualifies for Yellowbook: Yes
Trainers: Denis Adams, Grant Eve
Applicable Audience:

Board Member
CEO/Executive Director
CFO/Finance Director
COO
Finance Staff

Session Description:
The newly released AICPA Gaming Audit and Accounting Guide goes into great detail on accounting issues and we will demonstrate many examples of accounting issues in this session. As the gaming industry has evolved over time, the guide consists of accounting standards and changes. In addition, with the implementation of GASB 87, it will be important for tribal casino leaders to understand the impact of GASB 87 on your casino's financial statements. The changes to the recording and reporting of liabilities in the financial statements resulting from this new pronouncement is significant. This session will provide an overview of GASB 87 and how it will affect your tribal casino.

Learning Objectives:

1. Review the AICPA Audit and Accounting Guide.
2. Explore examples of accounting issues.
3. Discuss the impact of GASB 87 on your casino's financial statements.

CPE credits for part one: 3.5 credits *


Part 2: Title 31/AML Compliance

Date: Monday, July 9, 2018; 1:30 – 3:05 p.m.
Tracks: Tribal Gaming
History: New
Type: Mini
Experience: All (All levels of experience)
Level: Basic
Advanced Preparation: None
Prerequisites: None
Field of Study: Specialized Knowledge
Qualifies for Yellowbook: No
Trainers: Denis Adams, Grant Eve
Applicable Audience:

Board Member
CEO/Executive Director
CFO/Finance Director
COO
Finance Staff

Session Description:
We continue to see the evolution of casino and card clubs' Title 31/AML compliance programs and enforcement actions from FinCEN. The memo that Attorney General Jeff Sessions issued to U.S. attorneys on January 4, 2018, regarding marijuana enforcement made Title 31/AML compliance even more difficult for casinos. In this session, we will discuss some of the Title 31/AML compliance shortcomings that trigger enforcement actions, and we will analyze the cost to the casinos—not just the fines from FinCEN, but the undertakings that now are included in almost all of the enforcement actions. The remedial actions and character damage significantly impact casinos and need to be considered when implementing and revising your casino’s BSA programs. Lastly, we will discuss ways for tribal casinos to mitigate their Title 31/AML risk.

Learning Objectives:

1. Review Title 31/AML basics.
2. Discuss recent enforcement actions.
3. Review marijuana-related guidance.

CPE credits for part two: 1.5 credits *


Part 3: Gaming-Related Fraud and Internal Controls

Date: Monday, July 9, 2018; 3:25 – 5 p.m.
Tracks: Tribal Gaming
History: New
Type: Mini
Experience: All (All levels of experience)
Level: Overview
Advanced Preparation: None
Prerequisites: None
Field of Study: Auditing
Qualifies for Yellowbook: No
Trainers: Denis Adams, Grant Eve
Applicable Audience:

Board Member
CEO/Executive Director
CFO/Finance Director
COO
Finance Staff

Session Description:
This session will cover prior and current gaming industry fraud scenarios and internal controls that make sense to detect and prevent fraud.

Learning Objectives:

1. Review internal controls related to gaming fraud.
2. Discuss gaming frauds that have occurred.
3. Discuss proper casino internal controls.

CPE credits for part three: 1.5 credits *

* National Registry of CPE Sponsors: National Registry of CPE Sponsors: Wipfli LLP 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.

Instructional Delivery: Group-Live. For more information regarding administrative policies, such as complaint, cancellation, and refund policies, please contact our offices at 888.876.4992.

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Daily Schedule

Monday, July 9, 2018

7:30 a.m. – 5 p.m. Preconference Check-in
8 – 8:30 a.m. Light Refreshments
8:30 a.m. – 12 p.m. AICPA Gaming Audit and Accounting Guide and GASB 87
12 – 1:30 p.m. Lunch (on your own)
1:30 – 3:05 p.m. Title 31/AML Compliance
3:25 – 5 p.m. Gaming-Related Fraud and Internal Controls

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Registration Fee

$475 per person

Registration fee includes:

  • Up to 6.5 CPE credits in accordance with the standards of the National Registry of CPE Sponsors. CPE credits are granted based on a 50-minute hour.
  • Reference materials (any PowerPoint presentations and/or additional references) available for download.
  • Refreshment breaks.
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Cancellation Policy: Cancellations made after June 15, 2018 will be charged $100 per person cancellation fee. If you cancel, you may send a substitute from your organization. Participants who register but neither attend nor cancel are charged for their full registration fee. Call 888.876.4992 for questions about this policy.

 

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What our attendees say...



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Child Care Aware of Missouri
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Washington County Opportunities
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