See How Opinion Units Affect Governmental Audit Planning and Opinions
Most governments have multiple opinion units requiring unique audit plans. Below, I explain how governments use two different measurements…
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…
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…
Understand Single Audits in Five Minutes: a Video Overview
Here’s a Single Audit overview in five minutes. This video provides an overview of what a Single Audit is…
Segregation of Duties: How to Overcome
Segregation of duties is key to reducing fraud. But smaller entities may not be able to do so. Today,…
How a Simple Fraud Scheme Sinks a City: Rita Crundwell
Is it possible for one person to steal over $53 million from a city with an annual budget of…
Keys to Understanding GASB 87 Lease Accounting Now
Are you looking for GASB 87 lease accounting information? Are you a government that leases assets? Then you’re in…