CPA Canada’s 2016 Public sector conference

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This is the agenda for Day 1
Day 1 Tuesday November 8, 2016
7:30 – 8:30
Registration and Continental breakfast

8:30 – 9:30
Opening keynote address: Carbon pricing and the Canadian economy: Challenges and opportunities

Christopher Ragan, associate professor, Economics Department, McGill University and chair of Canada’s Ecofiscal Commission

Four Canadian provinces have or will soon have broad-based carbon-pricing policies. These policies raise understandable questions about how pricing can reduce GHG emissions, whether the financial impact on households will be fair, and what problems will be created for the competitiveness of Canadian business. It is also not clear what all of this means for the future of the Canadian economy, and to what extent these policies create important opportunities in an increasingly competitive global economy. Chris Ragan will address all of these issues, drawing on recent research from Canada’s Ecofiscal Commission, which he chairs. He will also comment on the latest developments from the federal-provincial carbon pricing working group, and a National Climate Strategy that is expected to be ready in time for the international COP22 negotiations in November.

Christopher Ragan, BA, MA, PhD

9:30 – 10:00
Managing a world of change: Today, tomorrow, and beyond!

Speaker: Gord Beal, vice-president, Research Guidance and Support, CPA Canada

We face an array of global risks that are likely to impact us all in a significant way. Drivers of change from technological to economic and environmental are presenting major challenges to societies, governments, business, and individuals. How we respond to and address these risks and challenges will define the future of our world. We need to be adaptive and nimble to become more resilient and sustainable. Canada’s public service plays a critical role. This session will explore some of these issues and the work that is being done, with an eye to the future and the opportunities we have to make a difference.

10:00 – 10:15
Coffee break

10:15 – 10:45
PSAB strategic overview

Rod Monette, chair of the Public Sector Accounting Board (PSAB) will provide an overview of PSAB’s strategic direction. He will discuss the key strategic objectives in the 2017-2020 Strategic Plan currently out for consultation. Key strategic objectives include:

1. Finalize the Conceptual Framework
2. Review PSAB’s approach to International Public Sector Accounting Standards
3. Encourage stakeholders to support and accept our standards
4. Implement a not-for-profit sector strategy that meets the public interest
5. Develop standards that support public interest considerations.

Rod Monette, FCPA, FCA

10:45 – 11:30
PSAB Update: Overview of the projects under development

Speaker: Michael Puskaric, director, Public Sector Accounting, CPA Canada
Michael Puskaric, PSAB’s new director will provide a glimpse of what is coming next at PSAB as he provides an overview of the projects currently under development. He will discuss the status of projects including: Asset Retirement Obligations, Conceptual Framework, Revenue, Employment Benefits, Public Private Partnerships, Government Transfers and Financial Instruments.

11:30 – 12:15
Auditor General panel: What’s hot and what’s not

Moderator: Andrew Newman, partner, Audit, KPMG
Panelists: Michael Ferguson, Auditor General of Canada; Michael Pickup, Auditor General of Nova Scotia and Carol Bellringer, Auditor General of British Columbia
A discussion of key current accounting and auditing issues by a panel including the Auditor General of Canada.

Michael Ferguson, CPA, CA, FCPA, FCA ; Carol Bellringer FCPA, FCA

12:15 – 1:15
Networking lunch – showcasing finalists

1:15 – 2:15
Choose one of the following:

Best practices in costing

Speaker: Brian Bost, partner, Advisory Services, and Beth Cassels, partner, Deal Advisory, Global Infrastructure, KPMG

The current environment of fiscal sustainability continues to challenge public sector management to make complex acquisition, program, and service decisions. A major input into these complex decisions is the cost/ benefit of competing options. For many reasons, that can include cultural and capability limitations, the cost information included in the decision analysis is limited and almost always underestimated. This session will outline best costing practices that will support better cost information for improved decision-making.

Standard & Poor's: How credit rating agencies use public sector financial statements

Speakers: Robert Palombi, managing director and Stephen Ogilvie, director, Sovereign & International Public Finance Ratings, Standard and Poor’s
The presentation will focus on the use of public sector financial statements by rating agencies.

2:15 – 3:00
Choose one of the following:

Financial instruments: Where we go from here

Speaker: Stuart Barr, assistant auditor general, International Public Sector Accounting Standards Board; Dave Warren, principal, Public Sector Accounting,
CPA Canada

This session will share a number of challenges stakeholders have identified in applying the PS 3450, Financial Instruments. Stuart Barr was a member of the Task Force charged with developing the financial instruments standard. Over the period of development he became intimately familiar with the challenges in moving to a fair value model and how the Public Sector Accounting Board addressed them. Public Sector Accounting Board wished to revisit the application challenges raised by stakeholders in applying the financial instruments standard. During the summer of 2016 PSAB staff visited a number of stakeholders to ensure these challenges are fully understood. These challenges and how the Public Sector Accounting Board has addressed them were key in the development of the financial instruments standard

Lean finance: Export development Canada’s journey so far

Speakers : Ken Eakin, senior advisor, Corporate Excellence and Marsha Acott, assistant corporate controller, Export Development Canada

Participants will have an opportunity to hear about Export Development Canada’s Lean journey which started back in 2007 and is continuing to evolve today, now focused on establishing a systemic and principle-based approach to Lean maturity. This session will include:

• background on EDC’s Lean journey: what worked and what didn’t work
• EDC’s behaviour-based approach to assessing the corporation’s Lean maturity
• where EDC is now and where it’s planning on going with our Lean program
• practical examples of what its accomplished in its accounting, loan administration and treasury departments

3:00 – 3:15
Coffee break

3:15 – 4:15
PSAB: Standards effective now to 2019

Speakers: Michel St-Amant, manager, Accounting Standards, Department of Finance, Government of Manitoba and Umar Saeed, principal, Public Sector Accounting, CPA Canada
Michel St. Amant of the Manitoba government will share his plan of attack for the forthcoming Related Parties Transaction standard that will be effective beginning April 1, 2017. Determining the key personnel in your organization can be a daunting task. Michel will talk about the approach of the Manitoba government in tackling this issue and cover other considerations in successfully implementing the standard. Umar Saeed of CPA Canada will follow up this presentation with a brief overview of other standards on the horizon, such as Assets, Contingent Assets, Contractual Rights, Inter-entity transactions and Restructuring.

4:15 – 5:15
Networking reception

This is the agenda for Day 2
Day 2 Wednesday November 9, 2016
7:30 – 8:30
Continental breakfast

7:45 – 8:30
Optional early bird session

Building Reputation and Profile with CPA Canada's Financial Literacy Program
Speaker: Cairine Wilson, vice-president, Corporate Citizenship, CPA Canada

This session addresses CPA Canada's award-winning financial literacy public service program for Canadians of all ages and income levels. There are 34 different topics covering key audiences, such as youth, seniors, new Canadians, small businesses and more.
This unique program gives professional accountant volunteers the opportunity to share their knowledge and expertise to help Canadians improve their money management skills. Learn how you can get involved and join our network of over 11,000 CPAs as they engage community organizations, schools, businesses and not-for-profits to deliver practical and objective financial education to those who need it most.

Cairine Wilson, MBA, C.A.E.

8:30 – 9:15
Delivering on digital: The innovators and technologies that are transforming government

Speaker: Alan Ribeiro, national digital governance Leader, Deloitte

A major transformation is underway in government organizations, where analogue models are being abandoned in favour of digital counterparts. This means significant re-imagination of how government services are delivered to the public. Today, we now have the digital tools and the talent to stage a real transformation in government. In this session, Alan Ribeiro, Deloitte's National Digital Government Leader, will explore how running government projects have become more iterative, adaptable and faster. Join Alan as he provides real case studies from their own experiences working with public sector organizations in applying digital innovation, and what this digital government transformation means for public sector financial professionals.

9:15 – 10:00
How to connect the dots – Government style

Speaker: Brian Pagan, assistant secretary, Expenditure Management Sector, Treasury Board Secretariat of Canada

Brian Pagan will share his experience of delivering on the government’s commitment to create a new results and delivery culture. The Liberal government came into power with a desire to change how government works, to be more transparent and open, thereby allowing Canadians to gain a better understanding of their government. At its core, a results and delivery culture is about connecting the dots between resource allocation and the results achieved through government programs. The government’s new Policy on Results gives departments more flexibility in how they organize and deliver their results agenda. By tracking and communicating results more efficiently, we gain a clear and useful opportunity to study how to improve programs and policies, and identify alternatives or opportunity for innovation.

10:00 – 10:20
Coffee break

10:20– 11:10
Choose one of the following:

Public service commissioning: A catalyst for better citizen outcomes – Key considerations derived from international experience

Speaker: Mark MacDonald, partner, Ernst and Young LLP

As governments face the reality of shrinking budgets, they need to consider new and more efficient ways to deliver public services which will require new models relying more heavily on the private and non-government sectors. At its core, commissioning is about creating new ways to leverage value and improve delivery of public services through outcomes. The use of commissioning has emerged as a key to drive value in governments internationally, and is already being used effectively to improve outcomes in countries such as the UK, Australia and New Zealand. Commissioning is seen as a natural progression from the historical funding and procurement of public services, and public finance professionals must understand it and the outcome based model in order to support their governments in effective implementation. To successfully execute commissioning, governments must determine how to influence the quality of providers and services while also managing safeguards and assurance for citizens, and it is essential to learn from the experience of others. In this presentation, the aim is to leverage international experience to provide participants with an understanding of commissioning and the possible changes to funding models that may ensue, and to shed some light on the key areas governments and agencies need to consider when thinking about commissioning as a catalyst for better citizen outcomes.

Canadian public-private-partnerships: Fundamentals and opportunities to further enhance value

Moderator: Bailey J. Church, partner, KPMG
Panelists to date: Gianni Ciufo, partner Deloitte LLP; Michael Mills, vice-president, Investments, P3 Canada and Mike Ruta, CFO, City of Winnipeg

This session will explore the fundamentals of utilizing P3 arrangements including when to use them, why to use them and how to effectively manage and monitor these arrangements once they are in place. The session will include examples of various types of P3 arrangements and discuss funding and financing arrangements, challenges, lessons learned and opportunities to enhance value in the public sector.

11:15 – 12:15
Choose one of the following:

Employment benefits: Project update and preview of the Invitation to Comment

Speaker: Robert Lefrancois, partner, Lefrancois Dufour CPA Inc

Robert Lefrancois, chair of PSAB’s Employment Benefits project will provide an overview and the progress of the project. He will also give you a preview of the Invitation to Comment on the deferral provisions in PSAB’s employment benefit standards, which will be published in late fall 2016.
PSAB’s standards require gains and losses arising from pensions and other employment benefit plans to be reflected in liability and expense over an extended period. Though this was once a common feature in equivalent accounting standards issued by other standard setters, many have moved away from the deferral approach. Robert will share with you the issues and considerations involved in PSAB’s review of the deferral approach.

Cool trends in the workplace: Inspire your employees – find out what’s trending in the workplace and why!

Moderator: Juliet Woodfield, Defence Construction Canada
Panelists to date: Debbie Baxter, vice-president, Real Estate, Deloitte; Andrew Reeves, principal partner, Linebox Studio Inc.; and Matina Waarbroek, Project Lead and Integration, TBS Workplace Renewal Initiative

The workplace has changed significantly at Treasury Board Secretariat and Deloitte & Touche (Montreal and Vancouver offices). Linebox Studio Inc. is creating exciting and dynamic workplaces in Ottawa and Toronto for their clients and employees. Find out what is super cool and why it matters!

12:00 – 12:15
Break/session change

12:15 – 1:00
Adoption of International Public Sector Accounting Standards – Under what circumstances

Speaker: Bill Matthews, Comptroller General of Canada

The presentation will explore under what circumstances Canada should consider the adoption of IPSASB. What are the pros and cons? What issues and challenges would be encountered? What work has PSAB done to date in considering IPSASB standards?

1:00 – 2:00
Lunch and networking

Conference adjourns

This is the agenda for Day 3 TEST
Day 3 TEST
8:30 - 9:30
Keynote Session

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Session description