Demystifying Audited Financial Statements in Communications to Governing Bodies

Date

October 20, 2015

$29

Standard Price

Presenting audit results to governing bodies can be challenging. Routine changes in the composition of the board members and the varying levels of their knowledge of government and NFP financial reporting can make this a difficult task. During this session, we will explore ideas to help make the communications meaningful. This session will cover:
• Required communications in the audit
• Highlighting key financial results
• Useful metrics in evaluating financial position
• Different tools and methods for communicating the results

Speaker

Heather Acker, CPA

Partner, Baker Tilly Virchow Krause,LLP

Related Products

Implementation Issues of New GASBs

Several GASB standards recently became effective, but a number of implementation problems have hindered the consistent application of these standards…

Is this a Fiduciary Activity? Of course, IT DEPENDS

Explore the application of GASB Statement No. 84, Fiduciary Activities, to various scenarios to learn how the upcoming standard will impact fund classification and financial reporting…

Determining the Appropriate GAAP to Follow and Reporting on Less than a Full Government

This session will delve into two practice issues that preparers and auditors of state and local governments sometimes have to face. The first, coming up more often lately, relates to determining the appropriate GAAP (i.e., GASB vs. FASB) that an entity should be following…

The Challenges of Auditing State & Local Governments in Such An Uncertain Environment (Rebroadcast)

Uncertainties in amounts presented in state and local government financial statements can lead to the need for an “emphasis of matter” paragraph to be added to the auditor’s report, or in more extreme instances, a disclaimer of opinion…