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Governmental organizations are typically required to receive a financial statement audit because of grants received from the Federal government. This requirement necessitates the preparation of financial statements, footnote disclosure, and required supplementary information in accordance with governmental accounting standards. However, many governments do not have the necessary resources to prepare their annual financial statements that comply with applicable standards.
We possess significant experience preparing financial statements, footnote disclosures, and required supplementary information in accordance with government accounting standards. This includes the reporting of new accounting standards.
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