Arizona Charter Schools Help Lead the Way

Studies show that charter schools are growing by numbers and students.  Among the largest growth leaders is the State of Arizona.  At least 145,000 students in Arizona are now enrolled in charter schools, and the results of those schools are also making large strides towards better education with more and more Arizona students becoming competitive …

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Year-End Financial Closing Procedures

A timely reminder for those involved in the year-end closing process begins with establishing and documenting a process which includes overall timing, rationale, and format of the annual financial statement closing process.  This process should be reviewed annually in conjunction with authoritative guidance and regulations affecting the organization so that any procedures or accounting policies …

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Why Audit in Tough Economic Times?

With the economy still struggling to climb out of its downward spiral, clients are struggling to cut costs every place that they can.  Some clients’ audit needs are dictated by Arizona State Statute, federal loans or grants, or some other outside stipulation.  For entities that may have a choice, why should they spend money on …

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GASB 61 – The Financial Reporting Entity

Effective for periods beginning after June 15, 2012, GASB 61 added requirements that either a financial benefit or burden relationship be present between component units and a primary government to cause inclusion of the component unit in the reporting entity’s financial statements. If a government’s management determines that inclusions of certain component units which fail …

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