Local governments are navigating many new areas while managing operations in response to coronavirus. We’d like to share some information so that everyone knows where to look for some important answers.… CONTINUE READING →
The Audit Connection Blog
Results for: Financial management
Do you use a checklist to prepare or review your financial statements? If not, maybe you should! We have updated our financial statement checklists for local governments.… CONTINUE READING →
The monthly reconciliation is an essential control activity to government finance. Although we cannot prescribe a uniform way to perform your reconciliation, we have developed a list of best practices to consider and compare to your own government’s current processes.… CONTINUE READING →
Accounting and reporting standards and guidance for leases are changing for both GAAP and cash basis local governments, effective for fiscal years ending December 31, 2020, and after. Although you won’t be preparing your financial statements and notes until early 2021, those first lease payments under the new standard will begin to flow in January 2020. Will you be ready?… CONTINUE READING →
Every government in Washington has a duty to safeguard the resources entrusted to it; our new guide shows you howSeptember 26, 2019
Segregation of duties, or separating conflicting duty assignments in your government, can help protect your local government’s assets. But which duties do you segregate, and what are your options if you cannot feasibly do this? What if you are a very small entity with limited resources?
Our Office recognizes how challenging this can be, so the Center for Government Innovation created a new resource to help you get started, no matter your size.… CONTINUE READING →
The Center for Government Innovation has published two new resources to help local governments identify best practices for two different, but possibly related areas: credit card programs and travel expenditures.… CONTINUE READING →
Curious where the State Auditor’s Office gets its funding from, and how it spends that money? As part of our ongoing effort to increase transparency in government, we made a simple explanation of our $47.1 million budget for 2018.… CONTINUE READING →
Local governments are beginning to implement GASB Statement No. 83 on asset retirement obligations, or ARO’s, which is effective for reporting periods beginning after June 15, 2018. To help local governments begin, the Center for Government Innovation has published a new resource to help you identify asset retirement obligations in Washington.… CONTINUE READING →
YAKIMA – The Office of the Washington State Auditor published two audits of the City of Wapato today, documenting significant violations of government standards. The accountability and financial audits include eight findings, an unusually high number and cause for concern. The State Auditor’s Office (SAO) also issued a letter to Wapato leadership responding to concerns that the public raised about the city. The reports come after SAO issued a fraud report in February detailing a $300,000 misappropriation in Wapato.
“These audits speak to a basic lack of accountability and transparency in the city,” said State Auditor Pat McCarthy. “It is important the State Auditor’s Office shine a light on issues that need public attention, and the situation in Wapato is deeply concerning.”
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 →