Tag Archives: audit report

GASB 103: Turning Numbers into Digestible Narrative in Your MD&A

Given my chosen career, I read a lot of financial statements, and I can tell you firsthand that some are more interesting than others. While the statements alone can paint a picture, it is the story that accompanies the statements … read more >

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Report Submissions – What Your District Needs to Know

Around this time of year, school districts have to ensure reports are submitted to the appropriate agencies to meet various reporting requirements.   A summary of information containing instructions for the most common reporting requirements is as follows: Association of School … read more >

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New Independent Auditor’s Report on the Way!!!

The hundreds, and in some cases thousands, of staff hours dedicated to an audit results in a single deliverable of captioned paragraphs, technical auditing phrases, and the all-important signature on firm letterhead. Of course I am referencing the independent auditor’s … read more >

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Understanding the New Independence Rules Related to Financial Statement Preparation

(originally published on April 15, 2020) Have you heard of the new Yellow Book or Government Auditing Standards issued by the Governmental Accountability Office?   If not, that’s OK – this article aims to provide you with some critical information to … read more >

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