The Island Government Finance Officers’ Association (IGFOA) has met at least annually every year since 1999 to participate in professional development and networking activities and to establish an agenda for financial management improvement. The conferences also provided a forum for participants to discuss common issues and strategies, and to develop a shared agenda for training, organizational development, and technical assistance.

For the past few conferences IGFOA has focused on improving accounting and financial practices in the governments. The current conference addressed the single audits and how to improve management of the audits, new auditing standard GASB-54, and developing and using performance measures to monitor and improve financial office performance.
The IGFOA Executive Committee built the agenda for the conference based on input solicited from IGFOA members, feedback from previous conferences, and current issues facing government accounting. The goals of the December 2011 IGFOA conference were to:

• Review progress made in implementing GASB 54 (Fund Balance Reporting) and discuss follow-up worked needed,
• Exchange information on the latest Performeter analysis,
• Present and discuss best practices in Finance Office performance improvement and single audit,
• Provide training to IGFOA members on fraud prevention, risk/vulnerability assessment, and internal controls,
• Update the performance measurement action plans for finance office operations, and
• Build government specific plans to implement GASB 54, enhance performance measures and process improvement, and initiate fraud prevention/risk assessment/internal control practices.

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