Financial statement audits are crucial to any organization’s financial health, and government entities are no exception. A financial statement audit provides an independent assessment of an organization’s financial statements, which in turn ensures transparency, accountability, and a strong foundation for future planning. Preparation is key to ensuring a smooth audit

The Governmental Accounting Standards Board (GASB) Statement No. 101 updates GASB Statement No. 16 and addresses the matter of compensated absences for employees of state and local governments. What is GASB 101? GASB 101 is an update to the guidelines for state and local governments regarding paid employee leave, otherwise

Last updated on September 20th, 2024Procurement is in the spotlight on global, federal, state, and local stages. Driven by rising costs, supply chain fragility, the beyond-fast evolution of technology, social and environmental concerns, ever-changing legislation, staffing challenges, and more, all levels of government are being challenged like never before to

With budget season around the corner, the following are some strategies and changes you may want to consider. Rethinking How You Budget While line-item budgets for municipalities served their purpose for a long time, in 2022 the International City/County Management Association (ICMA), the Government Finance Officers Association (GFOA), and the

Last updated on July 23rd, 2024New York State appears to be stepping up to get a grasp on the EMS crisis and plotting a potential course for what’s next. Across the nation, EMS is in crisis. Response times are longer. More workers are leaving the field than entering it, with

While Federal and New York state cybersecurity efforts have made huge strides over the past several years, a report issued by the New York State Comptroller last October indicated cyberattacks are continuing at alarming rates, with attacks on critical infrastructure in New York almost doubling in the first half of

Last updated on May 3rd, 2024In the absence of Federal legislation governing AI, states are taking it upon themselves to try to get ahead of, or at least keep up with, its development and use. New York is among the forerunners, with legislation already adopted for state agencies and more

In the blink of an eye, key State and Local Fiscal Recovery Fund (SLFRF) deadlines are approaching. SLFRF recipients have until December 2024 to obligate SLFRF allocations and until December 2026 (September 30, 2026 for Surface Transportation and Title 1 projects) to spend them. In the meantime, the annual reporting deadline