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Continuing Education Programs

Financial Reporting and Auditing

Study best practices in government-wide financial statements and compliance reporting.

Course Objectives

This course is designed to provide participants with the opportunity to develop an understanding and working knowledge of:

  • Basic financial statements
  • How to derive government-wide financial statements and required reconciliations
  • The Comprehensive Annual Financial Report (CAFR) and compliance reporting
  • The financial reporting entity
  • Auditing standards
  • Audit procedures
  • The financial statement audit
  • The Single Audit


Required Course Materials

It is your responsibility to supply the following materials for the course:

  • The basic textbook for this course is Governmental and Non-profit Accounting, 11th Edition, 2018, by Freeman, Shoulders, McSwain, Scott ISBN: 9780133799569.


Exam Schedule

Exam V - Financial Reporting and Auditing
November 13, 2018 or May 14, 2019
1:30 pm – 3:30 pm
Check in at 1:00 pm


Meet Your Instructor

Wayne T. Sams

CPA, Director of Internal Audit Services, South Carolina Office of the State Auditor

Wayne began his career with the Office of the State Auditor in 1990 and served as the engagement manager for the audit of the State’s comprehensive annual financial report, the Single Audit of federal funds and agreed-upon procedures for various State agencies. Wayne left the Office in 2010 to create an internal audit function for the SC State Housing Finance and Development Authority.  In his role as Director of Internal Audit, he introduced enterprise risk management at the Authority teaching management and staff how to assess risks and internal controls through interactive control self-assessment workshops.  After 6 years with the Authority, Wayne rejoined the Office in September, 2016 as the Director of Internal Audit Services for the South Carolina Department of Transportation.  Wayne and his team are introducing risk-based auditing to the SCDOT as well as facilitating the Department’s implementation of enterprise risk management.  Wayne is a member of the SC State Internal Auditors Association and has served as secretary and president.  He has presented CPE courses for various accounting and auditing organizations in South Carolina and is a current instructor of the Financial Reporting and Auditing core course for the GFOASC Certified Government Finance Officer program.  A native of Tampa, Florida, Wayne has lived in the Columbia area since 1990.  He received the Bachelor of Science in Accounting from Florida State University.  Wayne earned the GIAC Critical Controls Certification in 2013 which emphasizes knowledge in information security controls that are best suited to managing today’s cyber-threats.


Registration and Fees

Dates / SessionsTimesFees
GFOA - Financial Reporting and Auditing
03/27/2019 – 04/03/2019

Wednesdays, 3/27 and 4/3
2 Sessions

Registration Closed

Notes: The course location and directions will be emailed approximately one week before the course begins.
8:30 AM – 4:30 PM$225
GFOA Exam V - Financial Reporting and Auditing
05/14/2019 – 05/14/2019

1 Sessions

Registration Closed

Notes: The exam location and directions will be emailed approximately one week before the exam date.
1:00 PM – 3:30 PM$50


Registration and Payment Notes

If you plan to pay by check or purchase order, select "register by mail." Complete the form and return a printout with payment to: USC Continuing Education and Conferences, Close/Hipp Building at 1705 College Street, Suite 591, Columbia, SC 29208. Your seat is not guaranteed until payment is received.

We accept online payment via electronic check, VISA, MasterCard, Discover and American Express through MarketPlace, a secure electronic environment that simplifies business transactions with the university. Follow the MarketPlace prompts to complete payment. Your transaction is only complete when you receive an order number, which is your receipt of payment. Your seat is not guaranteed until payment is received and you receive an order number.

Once you have paid and are enrolled, you'll be emailed location and parking information for face-to-face programs or online instructions about one week before the program begins.