Most local governments are required to undergo a financial statement audit at least once every two fiscal years. Others are required to have Agreed-Upon Procedures completed related to the financial statement information at least once every two fiscal years. J&G has many years experience performing such audits and procedures and is proud of the reputation we have built within the State of Ohio.
An audit consists of reviewing financial statement information, including transaction balances and fund activity. As part of an audit, J&G also tests internal controls related to financial statement reporting and the transaction classes and balances reported and compliance with certain provisions of laws, regulations, contracts and grant agreements, noncompliance with which could directly and materially affect the financial statements. An audit may also include testing of Federal expenditures, should the government spend more than $750,000 in federal funds during the year.
J&G’s experience and extensive knowledge of governmental financial reporting, generally accepted accounting principles, internal controls, the Ohio Compliance Supplement, and Office of Management and Budget Circular A-133 (Federal Audits) allows us to complete a quality audit in a timely manner while being available to our clients for questions that may arise.