Getting the Most from Governmental Financial Statements

A common misconception by governmental entities – municipalities, counties, school boards, and utility boards – is that a financial statement audit finds all instances of fraud, but determining fraud is not necessarily a part of this engagement. A financial statement audit is simply an auditor rendering an opinion that the financial statement numbers are in accordance with generally accepted accounting procedures (GAAP). Watch as CRI’s Hilton Galloway discusses what every official should understand about the government financial statement audit purpose.

2018-11-12T15:50:35+00:00December 16th, 2015|GOVERNMENTS, VIDEO|