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The Audit Connection Blog

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Top 12 most important financial policies

June 18, 2021

According to the Government Finance Officers Association (GFOA), it’s a best practice for governments to formally adopt financial policies. We couldn’t agree more. Financial policies create expectations for government operations, provide a foundation for making financial decisions and help ensure good financial management. Here are the top 12 we consider essential.

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Think you’re too small to segregate duties? Let’s find out!

June 14, 2021

Just because your government has a small staff does not mean it is impossible to implement this important internal control. It mostly depends on the decisions you make. Segregating duties is not an ‘all or nothing concept’ – you can segregate responsibilities as much as you can and then fill in any gaps with oversight controls.

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How to get your team ready for the next wave of change

June 4, 2021

We are now getting to the point where both staff and the public are starting to anticipate a return to normal operations. As we head that direction, the pressing questions will become: What changes we made during the pandemic do we keep? Which changes should we undo? And which changes aren’t working well but the old way wasn’t working either? After a year of unpredictable change, more change is coming, but now we can more proactively manage that change.

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It’s time for spring cleaning!

May 28, 2021

Spring is a time of renewal and energy, plants come alive and start to bloom, the green grasses grow, and the air has a fresh, clean scent. Spring is a great time to dust off the cobwebs of last year, and start afresh. If you’ve filed your annual report, then it’s a good time to kick off some spring cleaning at your workplace. Here are some ideas for you to consider.

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Do your internal controls have a first name?

May 26, 2021

Do you ever wonder if a key control can be a person? Maybe you have a long-standing employee that everyone goes to for answers, or perhaps an employee that really knows and understands a certain process. People are most certainly an important part of the control system, and governments benefit from these valuable employees that contribute so much. When asked about your internal controls by an auditor, however, your response should not be the name of a person.

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How charter and tribal schools fare under public audit

May 7, 2021

Recent audits of tribal schools reflect that the schools keep records to support revenue and expenditures, and that the schools have quickly implemented audit recommendations. Recent audits of charter schools reflect that school personnel are still learning about Washington’s legal requirements.

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