News & Insights

Improve District Financial Management with a Process Review

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Business Managers have plenty of tasks that keep them busy, and it seems like more are added each year. Between monitoring grants, managing staff, getting vendors paid, and putting out […]

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Simplifying Michigan School Finance: Navigating Complex Financial Management

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By Erica Metcalf Effective fiscal management is critical to the success of any school district, and Michigan schools face unique challenges in navigating the complexities of financial regulations, reporting requirements, […]

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What is the MD&A Report in a Local Government Audit?

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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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FAQs About Reporting Subsequent Events

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Subsequent events are in the spotlight these days. The Public Company Accounting Oversight Board (PCAOB) recently initiated a project to modernize outdated auditing standards related to these events. The PCAOB […]

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Best Practices for Managing Capital Assets in Local Government

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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 […]

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