- Documenting Board Approval for Payroll Contracts
- Travel Reimbursements – Tips for Uncommon Scenarios
- Why Segregation of Duties Matters in an IT Environment
- Don’t Hold Your Breath: Why Water and Wastewater Rates in Arizona Aren’t Falling Anytime Soon
- Do Your Due Diligence!
- What Happens When Cash Isn’t Reconciled
- Adjacent Ways Projects: Capitalize or Expense?
- Excel Made Easy – VLOOKUP and XLOOKUP
- Physical Inventory Considerations
- I Submitted a December Budget Revision, Now What?
Tag Archives: audit
The Time is Now for Cleaning Up Cash Reconciliations
In a recent blog article, Sara Kirk discussed a number of points highlighting the importance of ensuring a district reconciles its records of cash to the county treasurer, a subject that happens to be near and dear to my heart. … read more
Posted in Articles
Tagged accounting, Arizona, audit, cash reconciliation, financial statements, internal controls, Jennifer Shields, school district, USFR
Comments Off on The Time is Now for Cleaning Up Cash Reconciliations
Subrecipient Monitoring – A Deeper Dive into the Requirements under Uniform Guidance
As auditors we often see deficiencies in the area of subrecipient risk assessment and monitoring at the pass-through entity level. If your entity is subject to a Single Audit and acts as a pass-through entity of federal funds to subrecipients … read more
Posted in Articles
Tagged audit, Brittney Williams, federal programs, grant compliance, risk assessment, Single Audit, uniform guidance
Comments Off on Subrecipient Monitoring – A Deeper Dive into the Requirements under Uniform Guidance
Auditors Get Audited Too!
It is a familiar occurrence each year when your organization’s audit team arrives for the on-site visit. The on-site audit can be stressful for both you and your staff as the auditors begin to look through your records, ask questions … read more
Posted in Articles
Tagged audit, Corey Arvizu, CPA firm, peer review
Comments Off on Auditors Get Audited Too!
Applying Risk Assessment to Government
The implementation of a risk assessment process is a critical component of an organization’s system of internal control. It allows managers and those charged with governance to take a proactive approach to understanding risks which could prevent the accomplishment of … read more
Posted in Articles
Tagged accounting, audit, Christopher Goeman, fraud, government, internal controls, risk assessment
Comments Off on Applying Risk Assessment to Government
Differences between Audits, Reviews and Compilations
Accounting firms can provide a host of different services to organizations. Three types of services that often get confused with each other are compilations, reviews and audits. This quick refresher will provide the core differences between the three services, as … read more
Posted in Articles
Tagged Arizona, assurance, attestation, audit, compilation, CPA firm, financial statement, internal controls, nonprofit, NPO, review
Comments Off on Differences between Audits, Reviews and Compilations
Data Analytics – A New Era of Auditing
Artificial Intelligence (AI) is impacting our world in many ways, and the auditing profession is no exception. As a result of the advancements in technology, specifically related to data analytics, auditors are now able to perform audit procedures on entire … read more
Posted in Articles
Tagged audit, data analysis, data analytics, data mining, fraud, government, non-profit, NPO
Comments Off on Data Analytics – A New Era of Auditing
Common Financial Reporting Deficiencies and Steps Your District Can Take to Avoid Them
Mistakes happen. Errors are part of life but they can be avoided and risk minimized with some planning. The first step in avoiding mistakes is to learn about the most common errors and determine what type of controls can help … read more
Posted in Articles
Tagged accounting, audit, capital assets, cash, financial report, government, internal controls, payroll, school district
Comments Off on Common Financial Reporting Deficiencies and Steps Your District Can Take to Avoid Them