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Tag Archives: government
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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What Impact Will the Pandemic Have on Audits?
In today’s new “normal” during the Coronavirus pandemic, there are many uncertainties, and audits are no exception. While there are several unknowns, one thing is certain – your audit will certainly occur, and there will likely be no relief in … read more
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Tagged audits, coronavirus, COVID-19, Federal program, government, internal control, Katherine Shell, nonprofit, NPO, pandemic, reporting, Single Audt
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What to Know About the Change in the Classification of Agency Funds (Student Activities Funds)
A few years ago, the Governmental Accounting Standards Board (GASB) issued Statement No. 84, Fiduciary Activities. The statement established criteria for identifying fiduciary activities, with a focus on control of the assets and beneficiaries of the activities; additionally, the statement … read more
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Tagged agency funds, Arizona, Chris Heinfeld, Christopher Heinfeld, financial reporting, GASB, government, school district, special revenue funds, student activities, USFR
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Governmental Financial Reporting and COVID-19
There are a multitude of ways that a global pandemic can affect financial reporting, and the unique nature of governmental organizations (which are intertwined with most facets of our local and regional communities) can further compound and complicate the impacts. … read more
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Tagged 2020, AFR, CAFR, changes, COVID-19, financial statement, GASB, government, impact
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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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Getting Your Organization Ready for Remote Auditing
Every year, the accounting profession takes another evolutionary step to meet the changing demands of our technologically advancing world. The current health crisis has highlighted the importance of up-to-date technology to help perform work efficiently and effectively from any location. … read more
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Tagged Arizona, CPA, government, nonprofit, NPO, Patrick Copeland, remote auditing, remote working, technology
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Ways to Help Detect and Prevent Fraud in Non-Profit Organizations
Preventing fraud in a non-profit organization is critical to protecting its assets, as well as its reputation. Donors to non-profit organizations want to feel that they can trust the board of directors and management of the organization to uphold its … read more
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Tagged accounting, best practices, Eric Taylor, fraud, government, internal controls, management, nonprofit, NPO, organization, policies, theft
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