The Audit Connection Blog
Lease accounting changes are coming soon
The new accounting and reporting standard regarding leases - GASB 87 - will take effect for reporting periods beginning after December 15, 2019, and apply retroactively as if the standard was in place at the beginning of the implementation period. Early implementation is encouraged. ... CONTINUE READING
Tax receivable: Are you reporting it correctly?
Are you reporting property, sales and other taxes in the correct period? Our Office recently found that some local governments were reporting these taxes when the cash was received, causing errors on the financial statements. ... CONTINUE READING
The Performance Center is now the Center for Government Innovation
Exciting news: The Performance Center is now the Center for Government Innovation. ... CONTINUE READING
Employer reporting requirements for other post-employment benefits (OPEB) have taken effect
Governmental Accounting Standards Board (GASB) Statement 75, Accounting and Reporting for OPEB is effective for the Reporting Year 2018 (this year!). OPEB, or post-employment benefits other than pension, includes benefits such as healthcare provided through a pension plan or separately (medical, dental, vision, hearing, etc.) and other benefits when provided separately from a pension plan, such as: life insurance, long-term care, disability, and more. ... CONTINUE READING
Thinking of ‘piggybacking?’ First check out this new guide on the practice
If you are a local government in Washington state, you may be aware of RCW 39.34.030, which allows governments to use other agencies’ contracts to buy goods and services – also called “piggybacking.” But what you might not be aware of are the potential pitfalls of piggybacking, which can land you in some big trouble. ... CONTINUE READING
Local governments in Washington know the importance of cybersecurity, but need tools to address concerns
The results from our recent cybersecurity survey are in, and they reveal governments of all sizes across Washington recognize the importance of cybersecurity. However, the majority of the governments we polled lack dedicated IT staff, let alone dedicated cybersecurity staff. To address this gap in expertise and resources, the Office of the Washington State Auditor has begun to develop resources, tools and training targeted at the specific cybersecurity issues of local governments. ... CONTINUE READING
Cybersecurity frauds are targeting direct deposit payroll at local governments
Local governments should ensure they protect against cybersecurity frauds in which an employee’s direct deposit payroll gets redirected to a fraudster’s bank account. ... CONTINUE READING
A well-balanced, full-bodied Lean success in Washington wine country: process improvement success at Walla Walla Treasurer’s Office
The Performance Center’s years of working with local governments all across Washington has given the Center an unprecedented understanding of the needs of local governments. Our targeted, customized approach to process improvement work not only helps local governments succeed in their chosen process, but gives them the depth of understanding they need to foster a Lean culture within. ... CONTINUE READING
Have an employee incentive-pay program? Keep these things in mind
Governments in Washington must exercise care when creating and implementing programs to compensate employees beyond their base salary. This article offers items to consider specific to performance-based incentive pay. The following is intended for informational purposes only – always consult your government’s attorney for specific legal advice on these matters. ... CONTINUE READING
Yakima County and Snohomish County Fire District No. 12 celebrate the receipt of a State Auditor’s Office Stewardship Award
Two fire protection districts received a State Auditor’s Office Stewardship Award (SASA) from State Auditor Pat McCarthy this week for their dedication to improving government for the residents of Washington state. ... CONTINUE READING