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School district experience
Specific Services of interest to school districts
Implementation of the GASB No. 34 Reporting Model
Request a copy of our firm's peer review report
Our commitment to the education industry
Our commitment to quality
Other information for related industries
Who to contact for more information
School
District Experience
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We
are committed to the education industry. Our expertise within your
industry is significant and our professionals have audited many school
districts in Michigan. We also have significant experience with
your financial and compliance requirements, such as the Single Audit and
preparation of Form B. Our experience also helps us work with you
to help you understand relevant financial and reporting objectives.
This includes assistance with accounting or compliance matters,
financial analysis, and formatting of financial statements. The
last point will become important when your school adopts Governmental
Accounting Standard Board Statement (GASB) No. 34, Basic Financial
Statement—and Management’s Discussion and Analysis—for State and
Local Governments (GASB No. 34).
Our broad
client base includes many audits performed in accordance with the Single
Audit Act or OMB Circular A-133. This ensures that virtually all
of our professionals have experience with the detailed compliance
requirements of the Single Audit Act and OMB Circular A-133 and have met
the education requirements to perform these types of audits.
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Specific
Services of Interest to School Districts
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As part of our standard audit, we
ordinarily perform the following additional services:
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Prepare Form B, including electronic
transmission to the Michigan Department of Education.
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Perform financial and compliance
audits in accordance with the Single Audit Act, OMB A-133 and the requirements of the Bulletin for School
District Audits.
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Present reports to the Board of Education.
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Consult about accounting and
reporting matters.
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Prepare management letters that can offer
suggestions for improving operations.
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Send periodic mailing of information on
relevant, emerging issues.
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The GASB
No. 34 Reporting Model
This complex pronouncement requires school districts
to dramatically change the way they gather and report financial
information. Almost all schools have now implemented GASB No. 34. We
have helped school districts during this period of change by presenting
summaries of the standard at board meetings and working with the schools to
offer practical and efficient strategies for complying with the
standard.
Since preparing financial statement under GASB No. 34 is complex
and time-consuming, most CPA firms do not include theses procedures in their
normal audit fees. We will gladly provide you with an estimate of the
scope of our GASB No. 34 financial statement assistance services.
Implementation resources in addition to AHP:
GASB
News Release: GASB No. 37 and No. 38 summaries
National Association of State Auditors, Comptrollers and Treasurers (NASACT):
Implementation
Database
GASB implementation and
user guides includes topics such as:
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Q&A
Implementation Guide for GASB Statement 34
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What
You Should Know about Your Local Government’s Finances
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What
You Should Know about Your School District’s Finances
Request a
Copy of Our Firm's Peer Review Report
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In accordance with Government Auditing Standards, a CPA firm that audits
an entity, such as a municipality, not-for-profit organization, or school
district, subject to a "Yellow Book" audit, is required to furnish the
entity with a copy of that firm's most recent peer review report.
We successfully completed our most recent peer
review in June 2004 and received an unmodified report with no comments - the
highest level. This report is on public file at the AICPA's Center for Public Company
Audit Firms. |
Our
Commitment to the Education Industry
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We strive to demonstrate its commitment to educational organizations through
involvement in the industry. We believe that our commitment to serve this industry and the experienced client service team we provide, are
unequaled by any firm in the area.
To ensure availability to ongoing, timely, and
accurate information regarding issues faced by our educational, governmental and
not-for-profit clients, we subscribe to several industry publications on
a wide range of topics. A few of the publications are listed below:
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Governmental Accounting Standards Series including
the Action Report
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Government Finance Review published by the
Government Finance Officer’s Association (GFOA)
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GFOA Newsletter
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Governmental Update (Practitioners Publishing Company (PPC))
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Accounting and Financial Reporting for Governmental
Entities (PPC)
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Michigan Uniform Budgeting Act
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Michigan Government Accounting & Auditing Guide
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Michigan Uniform Reporting Format for Financial
Statements for Counties & Local Units of Government
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Michigan Bulletin for Audits of Local Units of
Government
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Journal of Taxation
of Exempt Organizations (Warren, Gorham & Lamont)
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Michigan School Business Official Newsletter
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The Federal Student Financial Aid Handbook
AHP professionals also serve on various task forces
of the Michigan Association of Certified Public Accountants including:
Through these resources plus direct communication with
the standards-setting boards, we remain aware of all current and emerging issues.
We review this information and respond accordingly to items that would
impact our clients. We will advise you of new accounting and
auditing issues that would your school.
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Our
commitment
to quality
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Whatever your
business needs are, Andrews Hooper & Pavlik P.L.C. is committed to the
highest quality service and client satisfaction and will settle for no less.
Just ask our clients!
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Other
information sources for related industries
Who to
contact for more information
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Many individuals in our firm perform or have extensive
experience in auditing school districts. To get started, please contact
Bay City:
Randy Morse
Saginaw: Duane
Reyhl
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