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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>The State Controller’s Division (SCD) will host the webinar <span style='color:red'>“<span class=subheaders1><span style='color:red'>Clarifying the Clarity Standards: Group Audits”</span> </span></span>sponsored by NASACT, in conjunction with the Association of Government Accountants and the Association of Local Government Auditors</span><span style='font-size:10.0pt'>.</span><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#054481'><o:p></o:p></span></b></p><p><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>The purpose of this webinar is to help understand the new requirements and guidance for group audits contained in the Statement on Auditing Standards No. 122, <i>Statements on Auditing Standards: Clarification and Recodification</i>. <o:p></o:p></span></p><p><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>This standard changes the focus in audits that involve the work of another auditor from “the coverage by each auditor” to “the extent of the involvement of the group engagement partner” (formerly referred to as the “principal auditor”) <o:p></o:p></span></p><p><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>This webinar provides:<o:p></o:p></span></p><p style='margin-left:39.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-size:10.0pt;font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>An overview on planning, testing and reporting considerations for group audits, both as a group auditor and a component auditor.<o:p></o:p></span></p><p style='margin-left:39.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-size:10.0pt;font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>A determination as to whether an audit is a group audit. <o:p></o:p></span></p><p style='margin-left:39.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-size:10.0pt;font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>A discussion on the appropriate application of auditing and reporting guidance relative to governmental opinion units and multi-location audits. <o:p></o:p></span></p><p><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Throughout the webinar, specific application to government auditors will be provided.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>Join Randy </span><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>C. Roberts, professional practice director for the Arizona Office of the Auditor General, and <span style='color:black'>Jeff Markert, partner, Department of Professional Practice, KPMG</span>, for <span style='color:black'>this informative two-hour training session. At the conclusion of the presentation, you will be provided an opportunity to ask questions live. <o:p></o:p></span></span></p><p class=MsoNormal style='margin-top:6.0pt;line-height:10.1pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse'><tr style='height:23.65pt'><td width=85 valign=top style='width:63.9pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:10.1pt'><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>Date:<o:p></o:p></span></b></p></td><td width=18 valign=top style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal align=center style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:center;line-height:10.1pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p></td><td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:10.1pt'><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>Wednesday, May 2, 2012<o:p></o:p></span></b></p></td></tr><tr style='height:23.65pt'><td width=85 valign=top style='width:63.9pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:10.1pt'><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>Time:<o:p></o:p></span></b></p></td><td width=18 valign=top style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal align=center style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:center;line-height:10.1pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p></td><td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>11:00 AM – 1:00 PM<o:p></o:p></span></b></p></td></tr><tr style='height:23.65pt'><td width=85 valign=top style='width:63.9pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:10.1pt'><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>Location:<o:p></o:p></span></b></p></td><td width=18 valign=top style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal align=center style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:center;line-height:10.1pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p></td><td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>Veteran’s Auditorium<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>700 Summer St NE Salem OR.<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></b></p></td></tr><tr style='height:23.65pt'><td width=85 valign=top style='width:63.9pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:10.1pt'><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>CPE:<o:p></o:p></span></b></p></td><td width=18 valign=top style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal align=center style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:center;line-height:10.1pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p></td><td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:10.1pt'><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>Two credits<o:p></o:p></span></b></p></td></tr><tr style='height:23.65pt'><td width=85 valign=top style='width:63.9pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:10.1pt'><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>Cost:<o:p></o:p></span></b></p></td><td width=18 valign=top style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal align=center style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:center;line-height:10.1pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p></td><td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>Free (Hosted by SCD)<o:p></o:p></span></b></p></td></tr><tr style='height:21.15pt'><td width=85 valign=top style='width:63.9pt;padding:0in 5.4pt 0in 5.4pt;height:21.15pt'><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:10.1pt'><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>Register:<o:p></o:p></span></b></p></td><td width=18 valign=top style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:21.15pt'><p class=MsoNormal align=center style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:center;line-height:10.1pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p></td><td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt;height:21.15pt'><p class=MsoNormal style='margin-bottom:6.0pt'><span style='font-family:"Arial","sans-serif"'><a href="https://ilearn.oregon.gov">https://ilearn.oregon.gov</a> <<a href="https://ilearn.oregon.gov/">https://ilearn.oregon.gov/</a>> <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:6.0pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>(Keyword: NASACT)<o:p></o:p></span></p></td></tr><tr style='height:23.65pt'><td width=85 valign=top style='width:63.9pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:10.1pt'><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>Materials:<o:p></o:p></span></b></p></td><td width=18 valign=top style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal align=center style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:center;line-height:10.1pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p></td><td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt;height:23.65pt'><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:10.1pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>Materials will be emailed to registered participants before the webinar. Participants should print a copy of the materials to bring with them.<o:p></o:p></span></p></td></tr></table><p class=MsoNormal><span style='font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>If you have questions please contact Shri Vajratkar by e-mail at <a href="mailto:Shrikant.vajratkar@state.or.us">Shrikant.vajratkar@state.or.us</a> or by phone at 503-373-0353.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Thank you.</span><o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>