Tribal Audit Preparation Services
If your Tribe is receiving federal funding, you are required to have an annual financial audit by an independent auditor. The importance of these annual audits is critical to the overall financial success of the Tribe. Failure to provide these audits can result in the Tribe being placed on a “high-risk” status and face rescission of its federal programs by the Department of the Interior. While our firm does not provide independent audit services, we can assist you in preparing for the audit. By enlisting our services early in the process, we can help you prepare accurate schedules and reconciliations to provide to your auditors plus facilitate your ability to meet filing deadlines.
Your accounting staff is busy just performing the daily tasks. If the employees do not have time to prepare the financial records for the independent auditors, let Finley & Cook aid you in your preparation. We can complete or assist you in completing:
- Bank Account Reconciliation
- General Ledger Reconciliations
- Balance Sheet Reconciliations
- Year End Accruals
- Fixed Asset Schedules and Depreciation
- Indirect Cost Calculations
- Calculate Deferred Revenue and Grant Receivables
- Download Accounting Data and Prepare Detail Schedules for Auditors
- Schedule of Federal Awards (SEFA) Preparation
- Draft Responses to Audit Findings
- Draft Corrective Action Plans
- Draft Financial Statements and Footnotes
- Draft Management’s Discussion and Analysis
- Tax Issue Assistance
- Update Internal Control Procedure Documentation
- Coordinate Inventory Count
- Independent Auditor Coordination
- Update Policy and Procedure Manuals
- GASB 34 Compliance Assistance
