Governmental Audit Services

Reporting on the accuracy of your municipality’s financial statements and internal controls

Municipalities and other government entities are charged with managing taxpayer funds to provide services, maintain systems, provide needed repairs and implement upgrades. While the goals and objectives may differ among cities, counties, libraries, recreation commissions, rural water districts, cemeteries, schools and townships, one thing is certain – Careful management of funding ensures operations run smoothly.

Beyond efficient operations, municipalities are also required to conduct annual audits. Audits provide you with:

• assurance that financial statements are free of material misstatements.
• confidence that the internal control structure of the government is effective and working efficiently.

The annual audit is a standard part of government operations and provides important details about the financial condition of the entity. Through an examination of receipts, expenditures and unencumbered cash, your municipal audit report provides elected officials and taxpayers with a better understanding of the full picture of the municipality’s financial position.

Audit Reporting Standards

Kansas local government audit requirements allow entities to decide which municipal audit standards to follow. Your municipality can decide to use Generally Accepted Accounting Principles (GAAP) or the Kansas Municipal Audit and Accounting Guide (KMAAG). Depending on which methodology you choose, there are often different challenges and opportunities to navigate. 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.

____________________________

A CLIENT’S PERSPECTIVE…

“[The Adams Brown team is] always willing to answer any questions and provide assistance on any issue we have.  [They’re] polite and considerate, and we’re able to discuss options that might be helpful to the City.

Cathy Smith – City of Protection, KS

____________________________

KMAAG & GAAP Audit Experience

Adams Brown, Strategic Allies and CPAs, has significant experience assisting conducting Kansas municipal audits. 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.