- 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: CPA
Effective School Board Governance to Improve District Performance
Many research studies have been conducted to examine the characteristics of school boards in high-performing districts. These boards are shown to have distinctly different characteristics than low-performing districts, resulting in the conclusion that strong, effective school board governance impacts district … read more
Posted in Articles
Tagged accounting, Arizona, CPA, CPA firm, governance, management, oversight, responsibilities, school board, strategic plan
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Practical Internal Controls for Small Organizations
Our firm works with organizations with varying staff sizes, but regardless of size, every organization must implement a system of internal controls over key financial processes and financial reporting.While this can be difficult for small organizations where many employees “wear … read more
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Tagged accounting, Arizona, audit, compliance, CPA, CPA firm, fraud, internal control, job responsibilities, nonprofit, oversight, theft
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Allowable Travel Meal Expenses
Several questions often arise when processing travel reimbursements: Was it an overnight trip? Where did the employee travel to? Were any meals provided at hotels and/or conferences? What is our policy on receipts? Once all these questions are answered, you … read more
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Tagged accounting, accounting manual, Arizona, CPA, CPA firm, employees, expenses, government, meal, rates, reimbursement, SAAM, school district, travel
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GASB Statement No. 54 – A Refresher
The Governmental Accounting Standards Board (“GASB”) approved Statement 54 in February 2009 and made it effective for the fiscal year ending June 30, 2011. Implementation back in FY 10-11 required a deep analysis of an entities’ activity. In some cases, … read more
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Tagged accounting, adjustment, Arizona, capital project, classification, CPA, financial report, GASB 54, government, school district, special revenue
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Using the “Green Book” to Set a System of Internal Controls
The Standards for Internal Control in the Federal Government, also known as the “Green Book,” sets the standards for an effective internal control system for federal agencies. These control standards are widely adopted by state and local agencies as part of … read more
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Tagged 501c3, accounting, Arizona, audit, compliance, CPA, CPA firm, Federal, government, Green Book, internal audit, internal controls, IRS, nonprofit, NPO, risk assessment
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Maintaining Your Organization’s 501(c)(3) Status
When a non-profit organization is granted 501(c)(3) status by the Internal Revenue Service (IRS), it is required to follow certain guidelines and regulations set by the IRS.The IRS monitors and regulates these organizations to help ensure these organizations are meeting … read more
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Tagged 501c3, accounting, Arizona, CPA, CPA firm, government, internal audit, IRS, non-profit status, nonprofit, NPO, tax exempt, tax-exempt status
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Internal Auditing without the Internal Auditor
Every organization has, or should have, an internal control structure that allows the organization to work efficiently, while reducing risks of theft or fraud. Some of these organizations are large enough to employ their own internal auditors or an entire … read more
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Tagged accounting, Arizona, CPA, CPA firm, internal audit, internal controls, nonprofit, NPO
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