As we operate in a more virtual and electronic environment, some of your control system documentation might go by the wayside. While less paper can be good, it’s important to keep some evidence of your key controls in action.
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As you work to wrap up your reporting year, we want to remind you about resources you might find helpful. The resources covered in this article are specifically for governments preparing statements under generally accepted accounting principles (GAAP).
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Federal single audits are a bit different from other types of audits, as they are compliance driven. The grantor determines which requirements you must follow, and auditor decides which of those we will audit. Our audit will evaluate and test the internal control processes you put in place over each grant requirement, as well as test that you are in compliance with it. Here are five tips to help get you started.
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Did you know we published an audit connection blog series on change management in 2020? If you did and followed along (and even if you didn’t) check out this short video that reviews the ADKAR model of change management.
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Do you ever feel like you keep having the same conversations about shared projects over and over? You spend half your time just talking about the same ideas you chewed on last time with little forward progress. And now with the addition of a video conference platform, conversations can feel even more frustrating and less productive. What can you do? This article will introduce three continuous improvement tools that focus on helping a team make incremental progress.
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If you are a local government user, the Financial Intelligence Tool’s (FIT) role-based functionality allows you to access your 2020 data right now!
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We know a strong internal control system is important for accurate financial reporting. Not sure where to start? Don’t worry ― we have a tool for cash basis reporters that can help.
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This presentation tells the story of Washington’s Unemployment Insurance program during the COVID-19 pandemic in 2020, from the first American coronavirus patient diagnosed January 21 through the end of the year.
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We curated this latest issue of our regular newsletter to make it easy to find key information from this blog, all in one place! Please download or share with colleagues who might find it valuable.
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The most common OPEB benefit provided by some local governments is through the Public Employees Benefits Board (PEBB) plan. This plan provides OPEB benefits through implicit and explicit rate subsidies for retirees. Even though retirees pay 100 percent of their premiums, that payment is not the full cost of the benefits. Retirees pay less because participating employers like you pay a little extra. That little extra is OPEB.
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