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The Audit Connection Blog

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GAAP and Cash BARS Updates are Done!

December 22, 2020

The Overview of Changes contains detailed descriptions of the changes and links to the appropriate sections of the Manuals. Please refer to the Alerts and Changes tab for determining which revisions might affect your 2020 annual reporting.

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Red flag

New red flags coming to Schedule 01

December 16, 2020

You might see some red flags on the Schedule 01 that you haven’t seen before. In previous years, you might have received a yellow flag with the error message: “This BARS account may not be allowable in this fund type.” Starting in 2021 (reporting year 2020), we have changed this yellow flag to a red flag. To help local governments with this new error message, we have compiled a list of all BARS accounts that will be affected and their applicable fund types. Red flags must be corrected before submitting your annual report.

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Financial Intelligence Tool (FIT) logo

How FIT are you?

December 9, 2020

We know local governments face significant challenges this year. The Center for Government Innovation can help governments be well informed when making difficult financial decisions.

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Light bulbs against yellow background.

Turn disruption into momentum for positive change

December 1, 2020

As a manager, are you using the disruption of the pandemic to just get by or to thrive? Disruption provides you a unique opportunity to advocate for change. In times of disruption, such as the pandemic we’re experiencing now, it can be easier to get employees to make the decision to participate in a change.

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