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The Audit Connection Blog

Results for: Financial management


SAO’s updated guide can help you implement new accounting standards

September 20, 2022

The Governmental Accounting Standards Board (GASB) releases new accounting standards nearly every year, and local governments have to evaluate and implement them. While each standard is different, the best practices for implementation are the same. That’s why we’ve updated our Best Practices for Implementing Accounting Standards to guide you through the process.

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Are your ACH internal controls strong enough to protect you from fraudsters? SAO has a new resource to help you

August 31, 2022

Fraudsters can impersonate your employees and vendors to redirect Automated Clearing House (ACH) payments meant for payroll direct deposits or vendor payments. You need to stay vigilant and ensure your government has strong internal controls. To help you, SAO has developed a new guide that offers advice on developing ACH payment process policies and employee training, establishing a verification process, and monitoring for unauthorized payee account changes.

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Are you ready for a federal Single Audit? SAO offers resources to help you avoid common audit issues

August 2, 2022

Navigating federal requirements and establishing controls in your government to ensure compliance can be challenging—even for governments that routinely receive significant amounts of federal dollars. That’s why over the past year we’ve updated some of our resources and published several articles on federal program requirements. With more local governments potentially needing Single Audits over the next few years, SAO’s blog articles and resources can help you address potential internal control weaknesses early to avoid audit issues.

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Are your government’s finances ready for an earthquake?

June 9, 2022

Earthquakes and other natural disasters can be costly if your area is directly affected, and even more so if your government is unprepared. Your government may have an emergency response plan, but as financial managers, have you been included in some of those discussions? This article outlines steps governments can take to financially prepare for potentially large earthquakes and other disasters.

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