How do you benefit by choosing us?
Monthly Special Reports
Do you want to learn more about new topics such as new budgeting strategies, performance management, fraud, etc? We can help. Simply, you choose the topic and we write the white paper report
Fraud Prevention Package
A powerful fraud prevention tool is to be proactive and have a plan. We’ll help with fraud prevention recommendations to help your fight against fraud before it victimizes your Organization
Financial Analytics
We’ll provide key financial performance metrics and key validations to help you use the audit report to improve performance management
Financial Audit
The left column below shows examples of previous publications and provides an example of what our Clients receive on a monthly basis. The topics range from fraud prevention, budgeting, Uniform guidance and grant management to performance management.
Financial analytics serve to help identify underlying causes of fiscal stress and help predict future financial outcomes. The right column below provides an example of a financial analytic section our Clients receives at the conclusion of the audit.
CAN LOCAL GOVERNMENTS PARTAKE IN THE CORONAVIRUS STIMULUS BILL?
Recently, Congress passed the Covid-19 stimulus bill. There are many pieces of the bill, and we'll only cover the State, Tribal, and Local Government segment of the bill. To give an overview, the bill's name is the Coronavirus Aid, Relief, and Economic Security Act...
WHAT IS THE SINGLE AUDIT AND WILL IT EVER APPLY TO ME?
Is your local government or nonprofit organization looking for grant awards to assist in a new program or project? The federal government grants monies to many local governments and nonprofits. Many of these grants are given to local governments and nonprofit...
GRANT MANAGEMENT, ARE YOU READY?
Managing grants from federal agencies is crucial especially if you expend $750K or more in one given year. Are there basic principles to follow when managing grants? Thankfully there is. Generally speaking grant managers should be knowledgeable in the grant's specific...
OUR AUDIT APPROACH
Planning
- We take a risk-based approach and assess the risk of the District.
- Learn and understand internal controls and government operation processes
- Perform analytical procedures
- Complex and high-risk accounts are identified early in the this process
- Create a uniform method based on assessment of the risk and processes of the organization
FieldWork
- Perform analytical procedures
- Test and validate management assertions and group these into three groups
- Transactional-level
- Account Balances
- Presentation & Disclosure
- Management assertions include:
- Accuracy
- Classification / Cutoff
- Occurrence
- Completeness
- Existence
- Rights / Obligations
- Valuation
Review
- Review all working papers
- Perform analytical procedures
- Store and upload working papers to the Cloud (G Drive)
- Review financials and notes
- Present audit report including
- Deep dive of financial analytics
- Provide recommendations
Sampling
- Utilize statistical and non-statistical sampling techniques as described in the AICPA’s Audit Sampling Guide, depending on the type of testing being performed
- Risk assessment guides us in determining which technique to use
Our Mission
We are dedicated to educate and provide excellent value-added services to our client base in order for each client to have financial and operational success.
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