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Local Governments

Local governments include cities, towns, and authorities. These governmental entities are created as a means to provide services to local citizens such as road construction, policing, sanitation, court systems, water and sewer services, electricity, parks, and assistance to the disadvantaged.

Local governments raise revenue from property taxes and transaction fees such as water bills. They also receive federal and state grants.

Most local governments are required by law to have an annual audit. And the audit report is normally available to the general public, creating accountability for how the entity is operated.

The Governmental Accounting Standards Board (GASB) creates the accounting standards used by governments for creation of their financial statements. Auditors audit the governments by determining whether material misstatements are present in the governments financial statements based on GASB’s guidance.

Yellow Book CPE
Auditing Local Governments

2018 Yellow Book CPE Requirements

What are the 2018 Yellow Book CPE requirements? You’ve heard about the new Yellow Book (effective for audits of…

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Single Audit Applicability
Auditing Local Governments

Single Audit Applicability and Objectives

In this article, I provide information about Single Audits for local governments and nonprofits. Your organization received federal funds…

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Fraud Prevention for Small Governments
Fraud Local Governments

Fraud Prevention for Small Governments

Many small governments suffer losses from theft since they lack a sufficient number of employees to segregate accounting duties….

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Yellow Book Independence
Auditing Local Governments

Threats to Yellow Book Independence

Yellow Book independence is a big deal. And if you prepare financial statements in a Yellow Book audit, you…

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Yellow Book
Auditing Local Governments

Government Auditing Standards: 2018

Government Auditing Standards 2018 Revision The Government Accountability Office just issued the new Yellow Book titled Government Auditing Standards…

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Corporate account takeover
Accounting and Auditing Fraud Local Governments

Corporate Account Takeover

Corporate account takeovers can cost you millions.  Some thieves gain control of company bank accounts using a corporate account…

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governmental internal controls
Fraud Local Governments

Governmental Internal Controls

Below I provide useful summary of governmental internal controls. Why am I providing this list of useful controls? Most…

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Charles Hall

Charles Hall

I am a practicing CPA. I have primarily audited governments, nonprofits, and small businesses for the last forty years.

My sweet spot is governmental and nonprofit fraud prevention. I am the author of (1) Journal Entries Made Easy,  (2) The Little Book of Local Government Fraud Prevention, (3) Preparation of Financial Statements & Compilation Engagements, (4) The Why and How of Auditing, and (5) Audit Risk Assessment Made Easy. I frequently speak at continuing education events.

I consult with CPA firms, assisting them with auditing and accounting issues. Contact Charles

More About Me
  • Books
  • Media
  • Topics
Book: Journal Entries Made Easy, an Introduction to Accounting
Book: The Little Book of Local Government Fraud Prevention
Book: Preparation of Financial Statements & Compilation Engagements
Book: Audit Risk Assessment Made Easy: Seeing What Others Miss
Book: The Why And How Of Auditing: Auditing Made Easy
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  • Fraud
    • Asset Misappropriation
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