Did you know there are over 1,400 codes in the chart of accounts of the Budgeting, Accounting, and Reporting System (BARS) Manuals for GAAP and cash-basis governments? One of these, code 3480000 Internal Service Fund Sales of Goods and Services, may be used only in particular circumstances.
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Our Financial Intelligence Tool (FIT) has long offered a way for users to examine data on specific governments, government types, and specific revenue or expenditure streams. For the first time, FIT has a way to view all important information on a specific government type in one place, using new government-type profiles.
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The 2020 Washington Finance Officers Association Conference will be conducted virtually and take place September 23 and 24. A mix of live and pre-recorded sessions will be available for you to join remotely.
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The Office of the Washington State Auditor made the move to remote auditing in March, and overall we have found the transition to be successful and sustainable for the foreseeable future. However, we have noticed that audits sometimes take a little longer in this environment. In adapting to auditing in a remote environment, flexibility and robust communication have been key to performing timely audits.
… CONTINUE READING → The Financial Intelligence Tool’s (FIT) role-based functionality has expanded, giving local governments even more leverage over their data. Upon logging into FIT, a local government user has access to some new features.
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School districts, like so many governments, continue to face challenging situations due to the COVID-19 pandemic. They have had to shutter schools, convert to remote learning quickly, and move to remote working all while continuing to provide essential services to their students.
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Financial indicators have received a meaningful update in our Financial Intelligence Tool (FIT), making them even more useful by capitalizing on the power of FIT’s statewide collection of financial data.
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State Auditor Pat McCarthy is pleased to announce that dozens of governments deemed unauditable last year have taken steps to comply with state accountability laws, leading to today’s publication of completed audits of two governments that had gone without outside review for years.
… CONTINUE READING → Since first reporting on about 40 unauditable governments in May 2019, the number of unauditable governments has been cut by about two-thirds. As of August 2020, only 15 governments have not submitted financial information by their final opportunity to do so. Learn more by viewing this interactive infographic.
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At the State Auditor’s Office, we’ve heard from members of the public, the Legislature and the media interested to know about the work we are conducting at the state Employment Security Department (ESD). The agency was targeted in a major unemployment benefits fraud scheme earlier this year. SAO is conducting a series of audits of ESD to address three main areas of concern in the unemployment insurance program.
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