News & Insights
Audit Readiness: Practical Steps for Municipal Success
May 28th, 2025
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By Heather Farmer |
Audit |
Audit & Assurance |
Government
Preparing for an audit is one of the most important financial responsibilities a local government faces each year. While audits help meet regulatory requirements, they also reflect a municipality’s ability […]
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What is the MD&A Report in a Local Government Audit?
April 10th, 2025
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By Rod Taylor |
Audit |
Audit & Assurance |
Consulting |
Data Analytics |
Financial Statement & Audit Preparation |
Government
Reading and understanding a local government financial statement can be overwhelming and confusing. Although the Uniform Budgeting and Accounting Act may mandate the audit, board members often miss the opportunity […]
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Navigating IRA Elective Pay for Nonprofits and Governmental Entities
March 20th, 2025
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By Christopher Young |
Tax |
Tax Credits |
Government |
Nonprofit
The 2022 Inflation Reduction Act (IRA) opened new opportunities in tax credits. Nonprofits and governmental entities can now use certain tax credits even though they might not be liable for […]
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Trump Tariffs on Canada, Mexico Delayed, China Responds With its Own Tariffs
February 27th, 2025
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Construction |
Government |
Healthcare |
Manufacturing |
Small & Midsize Businesses
In a historic “first,” President Trump signed three executive orders (EOs) on February 1, 2025, imposing new 25% ad valorem tariffs that would apply to most merchandise imported into the […]
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Best Practices for Managing Capital Assets in Local Government
February 25th, 2025
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By Rod Taylor |
Audit |
Audit & Assurance |
Financial Statement & Audit Preparation |
Government
By 2003, local governments began reporting capital assets on their financial statements after implementing the Government Accounting Standards Board (GASB) Statement 34. This requirement was intended to help users of […]