· GASB · SINGLE AUDIT · GRANT COMPLIANCE · YELLOW BOOK
Governmental Accounting Expertise That Meets Public Sector Standards
GASB standards, single audits, federal grant compliance, and public financial reporting requirements create a specialized accounting environment. Archer Lewis serves government entities and public agencies that need specialists.
Our Approach
Governmental accounting expertise that meets public sector standards.
Government entities operate under GASB accounting standards, federal single audit requirements, and grant compliance obligations that don't apply to private sector businesses. These engagements require specific governmental accounting expertise rather than private sector methodology. Archer Lewis works with government and public sector clients to deliver the financial reporting, audit, and compliance work that public accountability demands.
What We Handle
Accounting and audit services for government entities
From single audits to GASB implementation, our team handles the financial complexity specific to government entities.
-
Governmental Financial Statement Audit
Independent audits of government financial statements in accordance with GAGAS (Yellow Book) and applicable GASB standards.
-
Single Audit
Federal single audits for entities that expend $750,000 or more in federal awards, conducted in accordance with the Uniform Guidance.
-
Federal Grant Compliance
Compliance testing and reporting for federal grant programs.
-
GASB Implementation Support
Assistance implementing new GASB standards, including recent pronouncements on leases and other items.
-
Agreed-Upon Procedures
Targeted financial procedures for government entities needing specific financial questions answered.
-
Internal Control Assessment
Review of internal controls for government entities, identifying weaknesses and recommending improvements.
-
Special District Services
Accounting, audit, and financial reporting for special districts: water, fire, utility, and other single-purpose governmental entities.
Government entities are accountable to the public, and their financial reporting should reflect that standard.
Public accountability requires financial reporting that meets governmental standards rather than private sector methodology applied to a public entity. Archer Lewis brings governmental accounting expertise to every engagement with public sector clients, delivering audit and financial reporting work that meets the standards public oversight demands.
Talk to a Government Accounting Advisor
Common Questions
What government entities ask us.
A single audit is required for any entity that expends $750,000 or more in federal awards in a fiscal year. It combines an audit of the financial statements with compliance testing of each major federal program. Single audits must be submitted to the Federal Audit Clearinghouse within nine months of the fiscal year end.
GAGAS (the Yellow Book) applies to audits of government entities and entities that receive federal funding. It includes additional independence standards, continuing education requirements, and reporting requirements beyond commercial auditing standards. Government audits must follow GAGAS, not just GAAS.
Internal control weaknesses, grant compliance deficiencies, inadequate segregation of duties, and financial reporting errors are the most common. Procurement and contracting compliance is also a frequent area of finding in single audits. Proactive internal control assessment between audit cycles helps prevent findings from recurring year after year.
GASB regularly issues new standards that affect how government entities report leases, infrastructure, pensions, and other items. Implementation timelines are specific and the accounting changes can be significant. We help government clients implement new GASB standards correctly and on time.
