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Can a School District Donate its Surplus Property?

Every school district will eventually be faced with the task of disposing of surplus property. Approved disposal methods are listed in the Arizona Administrative Code R7-2-1131. Before any method is chosen, the district shall determine the fair market value of … read more >

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Best Practices for Capital Assets

For most organizations, capital assets tend to make up a significant portion of the organization’s total assets. If your organization maintains substantial capital assets, it is essential that your organization has effective capital asset management.Here are some helpful recommendations to … read more >

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Understanding Covered-Employee Payroll   

If you are a school district that does not offer post-employment benefits other than pension benefits, then fiscal year 2015 is most likely the first year you have had to disclose covered-employee payroll amounts within your audited financial statements. GASB … read more >

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Can I Be Reimbursed for That?

The Arizona Office of the Auditor General recently released an updated FAQ section in regards to travel reimbursements amongst others. In reviewing the updates, we’ve highlighted some other specific situations that we have come across over the years: Q: I … read more >

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Going Concern Doubts – Know Your Role

Posted on April 4, 2016 Presentation by Jim Rebenar:

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Finding the Right Board Members

For nonprofits, finding the right board members is both a fundamental and difficult task. The role of the board of directors includes overseeing the organization, establishing policies, hiring top management, approving operational budgets and fundraising. It’s important for the nonprofit … read more >

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Management’s Role in Going Concern Doubts

Going concern; it’s a discussion that management hopes to never have, and one of the more difficult subjects to broach as an auditor. Prior to FASB’s issuance of Accounting Standards Update No. 2014-15 in August 2014, there was no clear … read more >

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