Tag Archives: Kara Curtis

USFR Account Changes for Equipment Thresholds

The Arizona Auditor General has recently updated the Chart of Accounts in the Uniform System of Financial Records for Arizona School Districts (USFR) to allow for easier federal reporting for capital purchases. This Chart of Accounts change is effective July … read more >

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Kara M. Curtis, CPA

Areas of Expertise: Working with school districts, local governments, and non-profits Recipient of the Advanced Single Audit Certificate from the AICPA Financial statement and compliance audits Employee benefit plan audits Annual Comprehensive Financial Report submissions to ASBO and GFOA  Instructor … read more >

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Student Fundraisers – Get Them Approved!

Student activities fundraisers provide a great opportunity to teach students valuable life skills while also generating financial support for their club’s goals. Student clubs are the only group authorized by Arizona Revised Statutes to hold a school fundraiser. School district … read more >

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Good Audit Evidence

As the nature of business and technology continues to advance, audits are also changing and developing. Auditors use professional judgment and professional skepticism to determine if evidence is sufficient and appropriate. Usually when you think of audit evidence, you may … read more >

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Outside Vendors: Protecting Your Data

We all know that technology is adapting and improving every day. Over the past decade, data has become much more accessible and cloud-based. While this provides many positive opportunities for users of the data, the threat of cybersecurity breaches has … read more >

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Is This Contribution Conditional?

Under the revenue recognition Accounting Standards Update No. 2018-08 – Clarifying the Scope and the Accounting Guidance for Contributions, a conditional contribution cannot be recognized until barriers are overcome. But what are the characteristics of a conditional contribution under the … read more >

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Public Disclosure of Form 990

The IRS Form 990 is an informational tax return that provides an annual summary of the organization’s activities, governance and detailed financial information. Because the Form’s purpose is to provide public information, it makes sense that organizations must make their … read more >

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