Government

Audit and Consulting Services to Government

Providing services to governmental agencies is demanding and requires specific audit skills. Working in cooperation with the Illinois Auditor General, we have audited various governmental agencies in northern Illinois and we have also performed compliance testing, which tests whether the entity has collected or spent funds in accordance with prescribed laws and procedures. Audited financial statements for governmental agencies are typically much more detailed than a financial audit for a nonpublic entity; the same detail is present in the reports on compliance that we prepare for governmental bodies. These reports include many more disclosures and types of financial statements, including a management discussion and analysis section. It also requires unique communication skills, as we must interface with the governmental agency and the Illinois Auditor General’s office throughout the entire engagement. We chose to become involved in this type of work because of the unique challenges – our firm has historical strengths in audit, but we believed that we could enhance those core audit skills by stretching our professional horizons.