Internal Control Tip: Journal Entries
We are all familiar with the saying, “If you want something done right, do it yourself.” Although this saying can be true for many things, it does not apply to the preparing, approving, and posting of journal entries in a general ledger.
2019 Compliance Supplement Released
The Office of Management and Budget (OMB) recently released the final and stand-alone 2019 Compliance Supplement which identifies federal program objectives, suggested procedures, and compliance requirements.
Internal Control Tip: Electronic Payments
Do you start adding up your retirement points every time you hear about a school district or other government was duped into wiring a six or seven digit sum to the wrong account and never to be seen again?
Internal Control Tip: Student Attendance Checklist
What goes through your mind when you read this statement from the Texas Education Agency’s Student Attendance Accounting Handbook (SAAH) Section 1.2?