Client Profile – Major Regional City, School Board
The Need:
Establish normal accounting operations, implement remediation procedures, prepare for annual audit and comply with statutory requirements for financial reporting
All school board employees were terminated and the rehiring process began
External auditors were unable to issue an opinion on their most recent Consolidated Annual Financial Reports (CAFR) to the State Legislative Auditor.
The Solution:
Completion of audit preparation and obtain clean opinion
Prepare CAFR submission to the State Legislative Auditor
Complete Internal Audit Diagnostics & Proposal
Create Desk Top Procedures
Create Closing Documentation
Design internal management financial reports
Standardize Reconciliation Support
The Results:
Client obtained a clean audit opinion after years of deficiencies
Consolidated Annual Financial Report (CAFR) submitted to the State Legislative Auditor for all outstanding periods
Internal Control proposals implemented and relied upon
Desktop Procedures created for key areas of Payroll, Payables and Internal Reporting
