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May 8th, 2020 • Governmental Services

Alan Goodwin, MSA

GASB Postpones Effective Date of Recent Provisions

Local Governments have something to be thankful for this week. On Thursday May 7, 2020, the Governmental Accounting Standards Board (GASB) officially approved guidance postponing effective dates on certain pronouncements. In response to challenges due to the COVID-19 pandemic GASB approved Statement 95, Postponement of the Effective Dates of Certain...
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January 31st, 2017 • Governmental Services

Improving Controls Over Disbursements

Improving Controls Over Disbursements By their nature vendor and payroll disbursements are at high risk of abuses and fraudulent activity. There are many things that could go wrong in the process, so it is critical that local governments establish internal controls to minimize those risks. The following summarizes some of those...
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July 29th, 2016 • Governmental Services

Don’t Forget about GASB 74 & 75

Implementing GASB 74 & 75 is right around the corner. Although not applicable until 2017 and 2018 respectively these standards require significant planning to help ensure timely implementation. Now is the time to speak to your Auditors and Actuaries about upcoming Other Post Employment Benefit (OPEB) valuations. GASB has taken the...
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June 13th, 2016 • Governmental Services

OMB Proposes Changes to Data Collection Form

The current Form SF-SAC, Data Collection Form for Reporting on Audits of States, Local Governments and Non-profit Organizations (Data Collection Form), is being updated for Single Audits performed in accordance with the OMB's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The Office of Management...
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