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SCHOOL DISTRICTS

                                       • CAFR and Financial Audits
                                           • GASB 34 gudiance
                                           • Federal Single audits (A-133 audits)
                                           • Internal account audits
                                           • Internal Control Risk Assessment
                                           • Educational Foundation audits

SINGLE AUDITS

The recipient of Federal and State funds may find it difficult to comply with the numerous requirements of Circular A-133, “Audits of States Local Governments and Non-Profit Organizations” and the Florida Single Audit Act which are detailed and complex. Therefore it is critical that the auditor have extensive knowledge of all these requirements and an appropriate methodology for each engagement. K&W CPAs have this knowledge and can evaluate their client’s needs and design an internal control structure to ensure their client’s compliance with the Single Audit requirements.

GOVERNMENT AUDITING STANDARDS

Government Auditing Standards (Yellow Book) issued by the US General Accounting Office, sets forth a stepped-up responsibility for those professionals auditing government and non-profit entities. This allows the organization’s stakeholders to have confidence in the reported information and the related system of internal control.

The passage of the Sarbanes-Oxley Act in 2002 has added an internal control requirement on publicly traded companies. With the issuance of the Yellow Book in 1972, this emphasis has been on the government sector for some 30 years. And we at K&W CPAs, have been there since the beginning.