GAAP Episode 005 - Audits for Schools and Governments

GAAP Episode 005 - Audits for Schools and Governments

12/6/2022

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?

Casey Peterson audit tools

South Dakota Department of Education resources

South Dakota Department of Legislative Audit

DON'T LIKE NUMBERS? WE DO.

At Casey Peterson, LTD, we understand not everyone loves the complexities of accounting like we do. That's what sets us apart from the rest. Our CPAs, accountants, and financial advisors truly love numbers, solving problems, and creating business and financial strategies for our clients.

We’re looking for clients who believe in good customer service — clients who want CPAs, accountants, and financial advisors who are big-picture thinkers and ethical problem solvers. We’re looking for relationships, not transactions.

If you want the same, we should talk.

Contact Us