GAAP Episode 005 - Audits for Schools and Governments
04/25/2024
GAAP Episode 5 - Audits for Schools and Governments
We sit down with Casey Peterson income partner Devin Pfaff to discuss what's different for audits with government entities (such as schools and municipalities). Stick around to learn more about all audits, all the time!
Listen to the previous episode (Audit Tips for Nonprofits) here!
Show Notes
1:50 Differences between nonprofit and government audits
2:17 Different types of funds
5:03 What is a modified accrual basis?
5:55 Federal funding for schools and municipalities
6:29 Audit requirements for schools and municipalities
7:45 The actual audit
11:00 The audit submission and reporting process
13:54 Where to find audit resources
15:58 If you could change ONE thing about single audits...
20:50 How do you deal with a fear of speed bumps?
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