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Tag Archives: audit
COVID-19 Impacts on the Schedule of Expenditures of Federal Awards
As a result of the COVID-19 pandemic, entities all over the United States are seeing an influx of federally funded programs. Over the last 18 months, many new federal programs have been established, and funding has also been added to … read more
Posted in Articles
Tagged audit, COVID, Cynthia Rojo, Federal program, financial report, government, nonprofit, SEFA, Single Audit
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The Four C’s of Auditing
I know it feels like we just got out of 2020, one of the most unpredictable years most of us have experienced, but can you believe we are already almost six months into 2021? That means your next audit is … read more
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Tagged audit, audit preparation, capital assets, cash, compensated absences, cutoff, government, NPO, Virlene Cloyd
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Capital Assets – Using Data Analytics to Strengthen Our Audits
Updating and maintaining an accurate capital asset listing is not typically at the top of anyone’s to-do list. However, it is something that is required of your organization and it oftentimes is a lot of work. Most organizations spend the … read more
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Tagged Arizona, audit, capital assets, data analytics, government, Joshua Jumper, school district
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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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Tagged accounting, audit, audit report, auditor, Brittney Williams, CAFR, financial statement, GASB, government, independence, school district
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COVID-19 Effects on NFP Financial Statements and Disclosures
Whether you were in the middle of your annual audit when COVID-19 started making waves or will soon be embarking on your next audit, you can expect that there will an impact on your financial statements and disclosures. Here is … read more
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Tagged audit, coronavirus, COVID-19, disclosures, FASB, financial statements, NFP, nonprofit, NPO
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Keyword Analysis in Excel
When most people think of keyword analysis, they likely think of it in the context of search engine optimization: that is, which keywords or search phrases that bring visitors to websites. However, the applications of keyword analysis are not limited … read more
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Tagged audit, data analysis, financial statements, keyword
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A Perfect Audit
Is it possible? Does such a thing as a perfect audit exist? What defines a perfect audit for you? If I had to write a definition, based on many years of performing audits and talking with clients, I believe most … read more
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Tagged audit, findings, GAS, government, internal control, nonprofit, Single Audit, weakness, Yellow Book
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