The Audit Connection Blog
FIT’s indicators can strengthen any financial planning effort
The Financial Intelligence Tool’s (FIT) financial health indicators provide “retrospective” measures of financial health based on historic data. However, any government can use these measures to help plan for the future. ... CONTINUE READING
FIT adds profiles to explore any of Washington’s 40-plus government types
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. ... CONTINUE READING
Perform a credit card clean up to reduce your risk for fraud and mismanagement
While credit cards have many benefits, they also create an increased risk for misuse, mismanagement and fraud. That’s why SAO recommends periodically performing a credit card cleanup to keep your program running efficiently and securely. ... CONTINUE READING
Join us online at the WFOA 2020 Virtual Conference
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. ... CONTINUE READING
Lean leadership: Are you ‘leading’ or ‘doing’ the work?
Some might call leading “staying in your lane” or “playing your position.” Another way to think of it is simply doing the job the organization hired one to perform. A leader must “lead” even when it seems more difficult and risky to give up control. Determining how to make the transition from a great worker to a better leader can pose a difficult challenge. ... CONTINUE READING
Communicating and working together lead to successful audits in a remote environment
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
Harness the Power of Role-Based Authentication in FIT!
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. ... CONTINUE READING
Fiscal First Aid for School Districts: Considerations for Schools Dealing with COVID-19
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. ... CONTINUE READING
User-focused updates come to FIT’s financial health indicators
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. ... CONTINUE READING
Guide to Unauditable Governments: August 2020 update
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. ... CONTINUE READING