CRI Articles: Governmental

If the current economy is giving your government lemons, then turn to CRI's governmental CPAs and our best practices for help making lemonade. The governmental CPAs of CRI offer expertise derived from hundreds of governmental audits of various sized entities including cities or municipalities, counties, boards of health, and departments of education, as well as governmental accounting and business consulting work. With the current budget squeezes, be sure to enlist the help of CRI's governmental CPA team now.

Governments & Termination Benefits
In an environment of economic instability and budget constraints, many governments are finding themselves at a crossroads and electing to trim personnel as a means of reducing expenditures. There are two basic types of termination benefits - voluntary termination and involuntary termination.

Financial Reporting of Compensated Absences for Governmental Entities
How to financially report compensated absences for governmental entities is a common question.

What is a Governmental Component Unit?
Component units are legally separate organizations for which the elected officials of the primary government are financially accountable. In addition, component units can be other organizations for which the nature and significance of their relationship with a primary government are such that exclusion would cause the reporting entity's financial statements to be misleading due to close relations and financial integration with the primary government.

Welcome Relief: Congress Repeals 3% Government Contractor Withholding
On November 16, 2011, Congress passed legislation repealing a controversial law that would have required federal, state, and local government entities with total annual expenditures of $100 million or more to withhold 3% of certain payments for goods and services to government contractors and vendors. The legislation also contains an amendment - the VOW to Hire Heroes Act - that expands and extends tax credits for companies that hire unemployed or disabled veterans and provides other veterans' benefits.

Looking for additional governmental articles written by our CPAs? Join CRI's refreshing conversation in the government section of CRI's Blog.