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The Audit Connection Blog

Results for: Financial management


A lease agreement shown with a pair of eyeglasses and a pen

Are you ready for lease accounting?

November 19, 2019

Accounting and reporting standards and guidance for leases are changing for both GAAP and cash basis local governments, effective for fiscal years ending December 31, 2020, and after. Although you won’t be preparing your financial statements and notes until early 2021, those first lease payments under the new standard will begin to flow in January 2020. Will you be ready?

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Cover of Segregation of Duties guide

Every government in Washington has a duty to safeguard the resources entrusted to it; our new guide shows you how

September 26, 2019

Segregation of duties, or separating conflicting duty assignments in your government, can help protect your local government’s assets. But which duties do you segregate, and what are your options if you cannot feasibly do this? What if you are a very small entity with limited resources?

Our Office recognizes how challenging this can be, so the Center for Government Innovation created a new resource to help you get started, no matter your size.

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