- 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: Brittney Williams
Understanding the Latest GASB Audit Updates: What You Need to Know About Statement 101
Why the Change? The goal of GASB 101 is to standardize and clarify the accounting treatment of compensated absences, ensuring consistent recognition of leave-related liabilities across governmental entities. These changes are meant to enhance transparency and comparability in financial reporting. … read more
Posted in Articles
Tagged accounting, Brittney Williams, compensated absences, employee leave, financial statements, GASB, GASB 101, government
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Brittney Williams, CPA, CGFM
Areas of Expertise: Working with governments and non-profits Audit, reviews and compilations Yellow Book and Single Audits (Uniform Guidance) Federal program-specific audits and agreed-upon procedures Development impact fee assurance procedures Professional Accomplishments: Member of the AGA’s Financial Management Standards Board … read more
Posted in Profiles
Tagged aicpa, Arizona, ASCPA, Brittney Williams, CGFM, CPA, gaqc, government, municipality, nonprofit, NPO, pcps, Phoenix, school district, Scottsdale
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More Liabilities, Please! Changes to Reporting Compensated Absences under GASB 101
In June 2022, the Governmental Accounting Standards Board (GASB) issued a new standard to update the guidance for reporting on Compensated Absences. GASB 101, Compensated Absences replaces the old standard GASB 16, which was issued over 30 years previously. GASB … read more
Posted in Articles
Tagged Brittney Williams, compensated absences, financial report, GASB, governmental accounting, liabilities
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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
Posted in Articles
Tagged accounting, audit, audit report, auditor, Brittney Williams, CAFR, financial statement, GASB, government, independence, school district
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Understanding the New Independence Rules Related to Financial Statement Preparation
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 be aware of for the upcoming … read more
Posted in Articles
Tagged Brittney Williams, financial statements, GAS, government, independence, Single Audit, Yellow Book
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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
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