Audio-Web Conf 2013-10-22
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In Memory of 15 ASMC members killed in the Pentagon attack.  9/11/2001

    

 

ASMC Washington Chapter is proud to host our next Audio/Web Conference:

Innovative Solutions for Real Property Assets Accountability

Replay Online Web Conference here
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The men and women of the U. S. Coast Guard have distinguished themselves since the establishment of the Lighthouse Service in 1789 and the Revenue Marine in 1790 as the Nationís oldest continuous seagoing service. Their heritage remains one of selfless and courageous service; at sea, along the coasts, and throughout the inland waterways as they carry out their enduring roles of maritime safety, security, and stewardship.

So how does one of the Nationís oldest Armed Services with a complex suite of 11 statutory missions track, value, and document all components of real property acquired since the late 1700ís?

This is exactly the question that was asked by the first-ever Comptroller of the Coast Guard, Ms. Margo Sheridan.

The Coast Guard, one of 22 unique entities that were drawn together in the formation of the Department of Homeland Security in the wake of the terror attacks of 9/11, is a maritime law enforcement, regulatory, environmental, and humanitarian agency and a significant fiscal element of the Departmentís financial reporting requirements.

In order for the Department of Homeland Security to attain an unqualified audit opinion, the Coast Guard must be able to account for the Existence, Completeness, and Valuation for all its Real Property assets, including the ability to:

      Reconcile property records across numerous separate and diverse databases created to meet the needs for financial, logistic, operation, and personnel requirements?

      Estimate historical cost, utilizing SFFAS 35 for unique and irreplaceable real property assets situated in some of the most remote locations? And,

      Estimate the appropriate date in service timeframe for assets built or acquired decades ago?

Tune in to learn the specifics as the Comptroller for the U. S. Coast Guard, partnered with Federal First Year Audit IPA experts PricewaterhouseCoopers LLP, apply technology and innovative approaches to solve -- and sustain -- the real property asset accountability for one of the Nationís Armed Services.

Speaker: Margo Sheridan, CDFM, CGFM, Comptroller, U. S. Coast Guard and G. Scott Hale, CPA, Director, PricewaterhouseCoopers LLP

Date: Originally aired Wednesday 22 October 2013

Learning Objectives: To learn techniques and processes to identify, categorize, value and document real property assets for Existence, Completeness, and Valuation in support of Department level financial assertions.

Field of Study: Property Accountability

If you have any questions, please contact Terry Placek, ASMC Washington Training & Education Chair, 703 599-4514 or terryplacek @yahoo.com; or Jeanne Karstens 703-334-1311 or jkarstens@deloitte.com

 


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