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The Audit Connection Blog

Results for: Local governments

Do you need a federal single audit for 2020 or 2021? You might for the first time! Prepare early with these 5 tips.

May 3, 2021

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.


Keep the conversation going forward

April 28, 2021

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.


Cash Basis BARS, PEBB participating governments likely have an Other Post-Employment Benefits (OPEB) liability to report on their Schedule 09

March 24, 2021

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.