CHECKPOINT® FOR GOVERNMENT ACCOUNTABILITY PROFESSIONALS

TAX & ACCOUNTING

ESSENTIAL ACCOUNTING, AUDITING, FINANCIAL MANAGEMENT INFORMATION, AND CPE LEARNING

KEY FACTS ABOUT CHECKPOINT For more than a decade, professionals have been turning to Checkpoint, the revolutionary, easily-searchable online system, to get straight to their answers. Thousands of accounting, auditing and financial management professionals rely on Checkpoint every day to understand complex information, make informed decisions and use knowledge more efficiently.

PRIMARY SOURCE MATERIALS

RESEARCH TOPICS

FREQUENT INNOVATIONS

You’ll find all the primary source materials you’re looking for, right on Checkpoint. There’s no need to look anyplace else.

Key topics for government accountabiiity professionals include:

Checkpoint offers integrated, searchable access to these primary source materials:

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Government Audit

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Internal Audit

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Audit & Attest

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Single Audit

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Specialized Industry Audit

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Risk Assessment & Internal Controls

In addition to breaking news and legislative updates being incorporated into Checkpoint immediately, regular enhancements are made to Checkpoint each quarter. These enhancements include new and updated content, updated platform features or other enhancements that are based on suggestions we’ve received from you, our Checkpoint subscribers.

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FASAB

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AICPA

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FASB

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GASB

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Accounting Services

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IASB

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Financial Statements

FLEXIBILITY

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SEC

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GAAP Compliance

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IBFD

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US GAAP and IFRS

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COSO

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International Tax and Accounting

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PCAOB

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SEC Reporting & Compliance

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GAO

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Pension, Compensation & Benefits

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OMB

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Payroll Administration & Compliance

Flexibility is everything to Checkpoint. From customizing your own libraries and content subscriptions, to flexible and intuitive navigation options, to choosing how you want to search and what you want to see on your screen at any time, Checkpoint was designed to meet your unique needs.

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IRS

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Budgeting & Cost Management

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Treasury

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Accounting Standards

MAKING YOUR JOB EASIER

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DOL

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PBGC

Tax & Finance Legislation & Regulations

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Federal & State Tax Law

Use advanced analysis, tracking and charting tools built into the Checkpoint platform to save time, use research efficiently and perform your job better.

EXPERT GUIDANCE & ANALYSIS

TIMELY ALERTS AND UPDATES

Only Checkpoint integrates these primary source materials with analysis and guidance from RIA, WG&L, PPC, EBIA and BNA industry experts.

We pride ourselves on being first. The latest legislative changes and updates will always be updated in your Checkpoint subscription right away, so you can be sure you are always working with the very latest information - as soon as it is available.

Checkpoint also now integrates with Paisley Governance, Risk and Compliance (GRC) software, offering process tools to help you effectively manage financial controls, regulatory compliance, internal audits and enterprise risk.

Plus you can stay on top of the latest requirements, and see how they’ll affect you, with Accounting & Compliance Alert and the Government Accounting & Auditing Update.

Unique Checkpoint features like Bill Tracker and Citation Tracker allow you to find and track any developing cases or legislation related to your research topics. You can quickly assemble dynamic data charts to compare FASB codification information, or to compare financial statements to help monitor compliance, or use interactive checklists for auditing, GAAP management, internal controls and more to ensure you’ve used best practices and have everything covered. Checkpoint for Government • 800.868.1296 3

MAKE YOUR JOB FASTER, EASIER AND MORE ACCURATE.

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CHECKPOINT RESEARCH Checkpoint can help with key issues faced by government accountability professionals, just like these: HOWARD’S ISSUE Program Accounting Analyst

JANE’S ISSUE Federal Grant Administrator

MICHAEL’S ISSUE Financial Management Director

“I implement CFO Act guidelines for improved accountability reporting and need to monitor and understand complex accounting issues, risks, and the changing environment brought on by the financial crisis in order prepare financial reports that provide value and insight to agency program managers and executives.”

“I need to monitor and report on whether grant recipients are operating within program guidelines, including the American Recovery and Reinvestment Act of 2009. I also need to ensure that the Single Audit compliance requirements of OMB Circular A-133 are being followed by auditors of program recipients. I look to financial statement filings for clues about investment expenditures that might suggest fraud, waste or misuse of funds.”

“I need guidance on establishing and implementing effective internal control practices to mitigate risk across agency programs and to ensure our agency uses smart, informed processes. I like seeing different viewpoints, then adapting them to fit our agency. I also need SOX insight and the ability to cross walk those requirements to OMB Circular A-123.”

WITH CHECKPOINT, YOU CAN: • Get guidance on financial statements to review and apply best practices. •

Get financial statement and note disclosure examples using SMART Practice Aids – Disclosure.

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Track financial filings of companies for regulatory and enforcement purposes, using SEC PLUS and Standards Tracker.

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WITH CHECKPOINT, YOU CAN: • Take training courses and get coverage of both ARRA and OMB Circular A-133 requirements. •

Access a full collection of OMB and GAO documents.

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Use new SMART Practice Aids – Single Audit to ensure program recipient auditors are accurately determining low risk auditee status, major programs, and appropriate compliance requirements

Get SEC/GAAP Watch and Accounting and Compliance Alert for the latest news and developments.

WITH CHECKPOINT, YOU CAN: • Get an internal audit reference library for risk-based financial audits, operational audits, IT audits, or ethical business conduct audits. •

Choose from effective checklists to ensure your agency is synchronized and applying best practices.

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Link from the checklists back to relevant guidance.

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Use SMART Practice Aids – Internal Control to document effect on internal control practices.

DEBORAH’S ISSUE Staff Auditor

JOHN’S ISSUE Audit Director

JENNIFER’S ISSUE Financial Systems IT Analyst

“I need a general understanding of all standards and a way to track all the policy and rules changes and activities in the standards-making bodies. I focus on GAO Yellow Book standards but also need to understand and apply the FASB codification and GASB standards as well.”

“I need to understand what I should do for conducting effective risk-based audits, and I need to better understand how effective controls can mitigate risk across agency programs and practices.”

“I’m an experienced IT programmer, but my accounting background is limited. In working with our agency’s financial systems design and operations, I need to understand core accounting and auditing principles and practices.”

WITH CHECKPOINT, YOU CAN: • Easily monitor requirements and activities of the CIGIE.

WITH CHECKPOINT, YOU CAN: • Get detailed guidance on applying a risk-based audit approach, considering fraud risk, and assessing internal control.

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See the new FASB Codification and use the Cross-Reference Tool to locate various superseded preCodification standards.

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Research governmental accounting topics and obtain analysis of standards.

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Link seamlessly between Checkpoint Research and Checkpoint Learning to Yellow Book online training courses.

Automate and optimize the risk assessment and audit planning process with SMART Practice Aids – Risk Assessment. Develop an effective risk-based testing approach using SMART Practice Aids – Internal Control.

WITH CHECKPOINT, YOU CAN: • Get complete FASB, GASB, PCAOB, and AICPA coverage and all you need to understand the constantly changing GAAP landscape using GAAP Compliance on Checkpoint. •

Obtain guidance on computational guidelines to assist in the calculation and presentation of financial data in balance sheets and operating statements using the GAAP Practice Manual on Checkpoint. Checkpoint for Government • 800.868.1296 5

CHECKPOINT LEARNING A revolutionary new tool to help government agencies develop, train and maintain workforce excellence.

Gain the knowledge you need, make certification compliance a snap, improve retention and develop your staff, all with the new Checkpoint Learning platform. Now you can improve job performance with links right from Checkpoint research to related CPE courses. Choose from a large selection of courses to build the solution that best suits the needs of your agency. Administrators can select and assign CPE courses, set up reminders and prompts for employees, and easily manage in-house programs. You’ll be able to centralize CPE compliance monitoring and course completion results to save time and simplify the record-keeping and reporting process. Checkpoint Learning takes on the task of tracking and meeting CPE requirements for you, with the combined power of MicroMash, PASS Online, Reqwired, and Checkpoint. Customize learning paths based on workforce needs, objectives and strategy. Get guidance and tools for administering in-house learning events from inception to evaluation. Checkpoint Learning topics include: • • • • • • •

Accounting Auditing Yellow Book Finance Taxation Regulatory Ethics Personal Development

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Computer Science Specialized Knowledge & Applications Business Management And more!

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SUE’S ISSUE Agency Chief Learning Officer

DENISE’S ISSUE Audit Learning Director

“We are increasingly asked to perform more with fewer people and resources. I need a cost-efficient way to provide high-quality online training in ‘hard skill’ subjects for accounting and auditing professionals. A range of courses is best to cover fundamentals for new hire and early career individuals and advanced topics for agency managers and executives.”

“I’m faced with an aging workforce and lots of retirements. I need to address this ‘brain drain’ and approach developing and managing talent in a productive way that links training with job performance.”

WITH CHECKPOINT LEARNING, YOU CAN: • Access hundreds of well-designed courses created by leading industry experts. •

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Take advantage of the leading technology for effective learning (Blooms Taxonomy, high levels of Interactivity, graphs, charts & visual aids, and much more). Realize significant cost and time savings, as well as allowing your staff to take the courses at the time that is right for them.

STEVE’S ISSUE Financial Management Director “Employees with CPA and other certifications are important to enable our agency to effectively perform accounting and auditing related job activities. I need a tool to help track CPE requirements.” WITH CHECKPOINT LEARNING, YOU CAN: • Easily track CPE requirements for ALL state boards PLUS more than 20 other professional designations including CGFM. •

WITH CHECKPOINT LEARNING, YOU CAN: • Create customized learning paths for employees at all levels. •

Set up coaching and tracking tools to help keep learners on track.

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Select and purchase courses for employees at a group level you designate (department, specialty, stage-of-career, etc.).

SAMUEL’S ISSUE Audit Manager “Our travel budget has been cut and I have been given new assignments that require a specialized knowledge in accounting and auditing issues related to recent legislation such as ARRA and the Health Care Act.” WITH CHECKPOINT LEARNING, YOU CAN: • Access specific courses pertaining to new legislation or areas of interest under “Hot Topics”. •

Find webcasts, seminars, online courses and self-study guides all pertaining specifically to the HIRE Act and health care reform.

Choose from the largest selection of state ethics courses available today.

checkpointlearning.thomsonreuters.com

SIMPLIFY CPE COMPLIANCE MONITORING, GAIN INSIGHT ON KEY TOPICS AND IMPROVE JOB PERFORMANCE.

Checkpoint for Government • 800.868.1296 7

FOR MORE INFORMATION Call to learn more or schedule a FREE 30-day Checkpoint trial: Ruth Apelt at 800.868.1296/ [email protected] Or visit our website: http://ria.thomsonreuters.com/government ABOUT THOMSON REUTERS Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. For more information, go to http://thomsonreuters.com. The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Headquartered in New York, Tax & Accounting has major operations in Dallas, Ann Arbor (Michigan), London, Sydney, and Toronto, and offices in nine countries. For more information, go to http://thomsonreuters.com/products_services/taxacct/. Our tax and accounting products and services provide: • Efficient and effective techniques to understand and track changes in tax and financial legislation at all levels of government. • Cost-efficient options to manage your information technology budget. • Timely, accurate and comprehensive resources for tax, accounting, auditing, and financial management Information integrated on an single, searchable platform. • Skilled and highly motivated account managers and customer service agents. • Authoritative analysis and interpretations by leading industry experts to help you understand issues from all angles. FEDERAL GOVERNMENT CONTRACTING INFORMATION Federal Agencies can order Checkpoint products through FEDLINK, a simplified acquisition purchasing program similar to GSA. FEDLINK is managed by the Federal Library and Information Center Committee (FLICC) of the Library of Congress. http://www.loc.gov/flicc/fedlink/index_fedlink.html FEDLINK serves federal libraries and information centers as their purchasing, training and resource-sharing consortium. As the FLICC business subsidiary, customers can tap into the expertise of federal librarians, contracting officers, financial managers, and customer service representatives — getting the best products and services at the best available prices. Thomson Reuters (Tax and Accounting) Inc. FEDLINK Vendor Code: RI Basic Ordering Agreement Contract Number: LC09G7103 FEDLINK Information Hotline: (202) 707-4900 Vendor POC: Ruth Apelt: (800) 868-1286 New York 195 Broadway New York, NY 10007 Contact Us Sales 800.868.1296 Support 800.431.9025 ria.thomsonreuters.com © 2010 Thomson Reuters. Checkpoint, PPC, RIA and WG&L are registered trademarks of Thomson Reuters (Tax & Accounting) Inc. Other names and trademarks are properties of their respective owners.