Governmental Updates

Government/Not-for-Profit – AICPA releases 2013 GAS/A-133 Audit Guide

By Dennis G. Koch / August 9, 2013

As a result of the Clarified Auditing Standards and the issuance of the 2011 revision of Government Auditing Standards, the 2013 edition of the GAS/A-133 Audit Guide has been extensively rewritten. While this has far-reaching implications for auditors, governmental entities and not-for-profits who receive federal financial assistance should also be aware of what these changes…

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Governmental – Reporting Entity Reporting Changes now in Effect

By Dennis G. Koch / June 15, 2013

The Governmental Accounting Standards Board (GASB) issued Statement No. 61, The Financial Reporting Entity Omnibus, an Amendment to GASB Statement No. 14 and No. 34 in 2010 with an effective date of periods beginning after June 15, 2012. As a result, governmental entities with fiscal years ending June 30, 2013 must implement the changes this…

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