Audits & Compliance
Our government accounting team works diligently to provide quality services that help cities, school districts, and tribal entities respond and adapt to challenges.
At the end of the day, our goal is to ease financial reporting challenges so you can focus on running your entity. We understand governmental entities need a partner that is proactive in communication when solving financial issues and that knows the challenges they face on a day-to-day basis.
Governmental entities, such as municipalities, school systems, special districts, and tribal organizations, are constantly working against a unique set of obstacles, including making difficult decisions in balancing their budgets, properly maintaining infrastructure and public services, and working through ever-changing accounting standards and increasing federal and state regulations.
As a member of the Government Audit Quality Center, we provide timely updates regarding auditing standards and regulations affecting governmental agencies. Our government accounting team also regularly attend trainings to stay abreast of changes that directly affect government operations.
How We Can Help
Audit, Reviews & Compilations
Governments receive funding from various sources including federal grants, state funding, and taxes. State laws or funding regulations may require an audit, review, or compilation be performed as a result of this funding. We provide each of these services.
Independent Audit Preparation Assistance
Preparing for an independent audit can be time-consuming for internal accounting staff. We can help by preparing year-end adjustments to reconcile balance sheet accounts to supporting schedules, recording year-end accruals, and accumulating and preparing audit workpapers. Audit preparation assistance may include preparing the financial statements with note disclosures.
Financial Statement Preparation
We will compile your government entity’s financial information in the required format of financial statements in accordance with generally accepted accounting principles (GAAP) or another basis of accounting.
Compliance (Single) Audits
Any governmental entity that spends more than $750,000 in federal grant funds in a fiscal year is required to have a compliance audit performed. A single audit is designed to test the entity’s compliance with federal funding requirements.
In addition to performing the audit, we can assist with the preparation of the Schedule of Expenditures of Federal Awards (SEFA) and submission of the Data Collection Form (DCF) as required by a single audit.
Internal Controls Consulting
The most efficient way to ensure accurate financial information is being reported is the proper design and implementation of an internal controls structure. Proper internal controls rely on the separation of duties between authorizing, recording, and custody of transactions. We can assist in the creation of an internal controls structure that meets the needs and resources of your entity.
Need Our Services?
Our government accounting team can help your entity prepare for an audit, meet the needs of your constituency groups, and work through the ever-changing accounting standards and increasing federal and state regulations.
Traci Hanson
Traci has spent her 20-year career helping various governmental, nonprofit, and commercial organizations by providing accounting assistance, audit services, and compliance audits. She appreciates assisting governmental and nonprofit organizations to provide valuable services to respective communities by helping these organizations meet regulatory requirements.