News & Insights
Recent Posts
- What’s the Right Entity Type for Your New Business?
- Balancing Financial Reporting Needs With Compliance Costs
- Helping Your Nonprofit’s Board Make Sense of Financial Reports
- When the Sale of an Appreciated Home Triggers Taxes — and When it Doesn’t
- Accounting for Business Combinations
- Behind on Bookkeeping? Here’s How to Get Back On Track
- Is Your Nonprofit Properly Insured?
- Rethink Inventory Management
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The Audit Findings That Never Seem to Go Away – And How Municipalities Can Fix Them
Audits are designed to improve accountability, strengthen internal controls, and reduce risk. Yet year after year, many municipalities continue to receive the same findings during financial statement audits. But why…
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Three Key Considerations for Effective Grant Management in Local Governments
Grants are a critical funding source for local governments, supporting everything from infrastructure improvements to public safety initiatives and community development. However, securing grant funding is only the first step. …
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Where a Management Letter Ends and a Process Review Begins
Municipalities face increasing public scrutiny, tighter budgets, and complex compliance requirements. Financial statement audits are required for municipalities in Michigan and provide essential oversight – but they’re designed to say what happened, not why…
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Recent Uniform Guidance Revisions: What They Mean for Local Government Single Audits
Federal grant rules have changed, and those changes matter for local governments that receive or may receive federal funding. In April 2024, the Office of Management and Budget updated the Uniform Guidance…
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Issuing Bonds: What Municipal Governments Need to Know
Municipal governments, whether townships, cities, villages, or counties, are frequently tasked with delivering essential infrastructure and public services while maintaining fiscal responsibility. One important financing tool is the issuance of…