GAAP Episode 5 - Audits for Schools and Governments

We sit down with Casey Peterson income partner Devin Pfaff to discuss what's different for audits with government entities (such as schools and municipalities). Stick around to learn more about all audits, all the time!

Show Notes

1:50 Differences between nonprofit and government audits

2:17 Different types of funds

5:03 What is a modified accrual basis?

5:55 Federal funding for schools and municipalities

6:29 Audit requirements for schools and municipalities

7:45 The actual audit

11:00 The audit submission and reporting process

13:54 Where to find audit resources

15:58 If you could change ONE thing about single audits...

20:50 How do you deal with a fear of speed bumps?

Casey Peterson audit tools

South Dakota Department of Education resources

South Dakota Department of Legislative Audit