KMAAG Audit Services – Emporia (KS)

Municipalities in and around Emporia and throughout the State of Kansas are responsible for managing the public’s funds. Because of this duty, an audit of your financial records is an important part of a government’s annual operations.

The audit report provides elected officials and taxpayers with the opportunity to gain a better understanding of the whole picture of the municipality’s financial position including receipts, expenditures and unencumbered cash.

Through the audit and report delivery process, you are provided assurance that the financial statement provided is free of material misstatements and confidence that the internal control structure of the government is effective and working efficiently.

Municipalities can choose whether to follow the regulatory basis of accounting under the  Kansas Municipal Audit and Accounting Guide (KMAAG) or to use Generally Accepted Accounting Principles (GAAP). Whichever route you choose comes with different challenges and opportunities. For this reason, it is important to work with an experienced auditor familiar with your preferred basis of accounting who can guide you through the audit process.

KMAAG & GAAP Audit Experience – Emporia (KS)

Adams Brown, Strategic Allies and CPAs, has significant experience assisting local government entities in Kansas. Our team members understand the nuances of KMAAG and GAAP requirements and provide the guidance and support to ensure your municipality’s financial statements are properly prepared with the latest standards. Combining practical experience and technical expertise allows us to deliver a value-driven client experience year after year.

 

Offering Kansas governmental audit and budgeting services to:

  • Cities
  • Counties
  • Libraries
  • Recreation commissions
  • Rural water districts
  • Cemeteries
  • Schools
  • Townships

Emporia Business Community

The Emporia, Kansas business community is centered around a diverse mix of industries that reflect the city’s historical roots and modern developments. As a regional hub in Lyon County, Emporia benefits from its location along major transportation routes, which has fostered growth in manufacturing, logistics, and agriculture-related businesses. Manufacturing is a key industry, with several prominent employers in food processing and fabrication. Emporia also has a strong retail and service sector, supported by local and regional customers.

The city is home to Emporia State University, which contributes significantly to the local economy through educational services and a steady influx of students and faculty, creating a demand for housing, retail, and hospitality services. Small businesses are a notable component of Emporia’s economic landscape, and the community places a strong emphasis on entrepreneurship and local business support. The combination of education, manufacturing, and small business development makes Emporia’s business community robust and well-rounded.