The Latest Rules and Regulations That Impact Your Government Entity

City of Atlanta ransomware

Many of you are aware of the famous cyberattack on the City of Atlanta that occurred over a year ago, but you may not understand how it worked out. SamSam is a specific type of ransomware that is known for gaining entry by scanning the network for passwords or other entry data used by vendors …

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Emotional Intelligence in accounting

We’ve all heard about IQ, as the measurement has followed us through school and in pursuing careers. However, what about EQ? Emotional Intelligence matters both in the workplace and in interaction with the public. So, what is it? Emotional intelligence is “the capacity to be aware of, control and express one’s emotions, and to handle …

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Is segregation of duties really important?

You hear accountants/auditors talk about segregation of duties but do owners, Board Members and Council Members understand what it means? Surely, these individuals understand leaving such a vital part of the operations to a single person would be disastrous to the organization whereas working as a team toward a common goal produces success. The financial …

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Auditors get audited too?

Did you know that audit firms get audited by their peers? Just when you think that we as auditors don’t understand what it’s like to be on the other side of the table . . . think again! Firms in the practice of public accounting and members of the American Institute of Certified Public Accountants …

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Preparing for a single audit

Single audits are required for all non-federal entities that expend $750,000 or more in federal awards. Single audit engagements can be complex and may involve a number of unusual audit requirements, so being prepared for your single audit plays a vital part in the single audit process. Here are some things to consider if you’re …

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Changes impacting debt issues for government entities

Are you, as well as other key personnel, aware of the new amendments? In February 2019, the Securities and Exchange Commission (SEC) amendments to Rule 15c2-12 went into effect for those entities that issue bond debt. This requirement is on new bond obligations being issued now and, in the future, and not a requirement for …

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Updated public debt disclosure requirements

Have you issued public debt? If so, you are going to want to be aware of the amendment the SEC approved to Rule 12c2-12. Effective February 27, 2019, all broker-dealers buying or selling municipal securities, governments, as well as any other obligated persons who issue obligations subject to the Rule will be required, through contractual …

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New caller ID spoofing and phone spear phishing alert!

Recently the Federal Trade Commission put out an alert on phone spear phishing and caller ID spoofing scams that are on the rise among consumers and companies. I imagine you experience the same relentless calls from phone numbers you don’t recognize as I do every day on my personal devices. Usually I just ignore and …

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Government fraud: a $6.7 million scheme

By now you are probably familiar with Rita Crundwell, the City Comptroller who embezzled more than $53 million over a 20-year period. If not, click here. That story seems to still get a lot of attention as it is shocking how she was able to get away with so much for so long; however, there …

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Why is government so slow? Expectation vs. reality

Why is government so slow? Have you ever been asked this question by those your government entity serves? Maybe someone has asked this via email or commented on your social media account. Thanks to how connected we are, governments and their constituents are able to interact more than ever. The digital age also allows us …

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