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 >

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 >

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 >

Risk assessments are a common procedure performed by external auditors; however, every organization should consider performing an internal risk assessment as well. The goal of an internal risk assessment is to determine if the control structure is working as originally designed and … read more >

Are your entity’s resources being used as effectively and efficiently as possible? This can be critical to those analyzing your financial statements both internally and externally. The amounts reported within the Statement of Activities provide valuable information about the sources … read more >