How to Address Accounting Changes and Errors with GASB 100
Does your government ever have accounting changes or error corrections? If yes, know that GASB 100, Accounting Changes and…
How to Understand Unmodified and Modified Audit Opinions: A Video
In this video, I explain unmodified, qualified, adverse, and disclaimed audit opinions.
Understand the Audit Differences for Supplementary Information, Other Information, and Required Supplementary Information
What are the differences in supplementary information, additional information, and required supplementary information? Does the audit opinion change for…
A Powerful Control: Reconciling Balance Sheet Accounts Before Close
In this article, I explain why you need to reconcile balance sheet accounts before closing your books. Reconcile Balance…
Finish Audits On Time: 8 Steps for Success
How can you finish audits on time? If firms cannot complete audits, they cannot bill (at least not entirely)–and…
How to Understand Special Purpose Accounting Frameworks: Three Videos
In this post, I provide three videos explaining these bases of accounting: (1) cash basis, (2) modified cash basis,…
A Video Explanation of the Various Governmental Auditing Standards
If you perform governmental audits, you know that different governmental auditing standards can come into play. In this video,…
Understand Deferred Outflows and Deferred Inflows in Governments (with Video)
GASB 63 and 65 provide guidance regarding deferred outflows and inflows in governments. This article provides an overview of…
Compensated Absences Simplified: Navigating GASB 101 Requirements
GASB issued Statement No. 101, Compensated Absences, and updated the recognition and measurement guidance for compensated absences to better…