- 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
Property Control and Tagging Item Concerns for USFR Compliance
The USFR Compliance Questionnaire requires Arizona school districts to appropriately tag stewardship and capital asset items that should then correspond to a district’s stewardship or capital asset listing. The sample size for this requirement has increased over the past few … read more
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Tagged Arizona school districts, audit, capital assets, compliance questionnaire, internal control, inventory, stewardship, tagging, USFR
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Goals and Objectives of Governmental Financial Statements
Governmental financial statements are unique in the world of accounting, and the recent flurry of new accounting pronouncements has added to the uniqueness. For perspective, the Governmental Accounting Standards Board (GASB) has issued 13 pronouncements in the last five years, … read more
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Tagged accounting, Arizona, audit, financial information, financial statements, GAS, GASB, government, Mike Hoerig, school district
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The Benefits of Establishing and Communicating Written Policies and Procedures for Non-Profit Organizations
No matter the size, structure, or mission, a non-profit organization can benefit from developing written policies and procedures and making them accessible to employees. While we often use these terms interchangeably, there are distinct differences between the two. Policies create … read more
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Tagged audit, compliance, internal controls, Makenzi Johnson, nonprofit, NPO, policies and procedures
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Information Technology Controls for Non-Profit Organizations
A common struggle with smaller organizations is building adequate internal controls, particularly over information technology. While a small entity may not have the same resources as a larger organization, it does have the same responsibility to protect crucial customer, employee, … read more
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Tagged audit, computers, information security, internal controls, IT, Makaela Clapp, nonprofit, NPO
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GASB “101” – An Introduction to How the GASB Issues New Statements
As a public accounting firm specializing in governmental accounting and auditing, we often share articles on accounting pronouncements issued by the Governmental Accounting Standards Board (GASB). Whenever a new GASB statement is issued, we often hear comments from our clients … read more
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Tagged ACFR, Arizona, audit, financial reporting, GASB, GASB statement, government, Jennifer Shields, school district
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Whistleblower Policies: Detect Fraud and Promote Integrity
External audits rarely detect fraud in organizations. The fact is tips are the most common method of initial fraud detection. As a result, whistleblowing has emerged as a critical mechanism to combat fraud, corruption, and unethical behavior within organizations. By … read more
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Tagged audit, fraud, internal control policies, internal controls, policies, Shauna Brewster, whistle blower, whistleblower
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Hot Topics for Community Grant Schools
As another year of audits draws to a close, grant schools may find themselves thinking about just the information asked for by their auditors, and wondering where some of these requests came from or how information is used to complete … read more
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Tagged accounting, audit, Cameron Kolb, grant school, internal controls, tribal school
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