Establishing greater public accountability and transparency.
State and local governments face a complex and ever-changing set of financial reporting demands, often characterized by complicated accounting and compliance requirements and intricate rules for tracking intra-governmental activity. We help you balance accountability – to the public, legislative and oversight bodies, investors, and creditors – with the critical need for transparency. We offer a diverse range of financial services to manage and improve your operations, train your employees on the latest GASB pronouncements, and raise the level of integrity and quality in the services you provide to citizens.
We serve the unique needs of these government entities:
- State agencies
- Municipalities and counties
- Housing and utility authorities
- School districts & charter schools
- Higher education
- Insurance regulatory agencies
- Special districts
- Government enterprises
We understand your challenges. REDW issues more than 100 hundred reports annually on government financial statements and single audits of federal awards spending nearly $1 billion in grants, making government auditing our strongest area of expertise. Our government team includes CPAs, Certified Governmental Financial Managers, Certified Internal Auditors, Certified Fraud Examiners, IT risk auditors and financial strategists.
For more information please contact Tom Friend.
We skillfully analyze your financial statements, internal controls and overall operations, examining your processes, controls and areas that carry the highest risk of fraud or error. We understand local rules for state auditors in our service areas, and we offer such specialized services as CAFR review for GFOA Certificate of Achievement programs. We help you compare actual financial results with the legally-adopted budget, and determine compliance with Governmental Auditing Standards and other finance-related laws, rules, and regulations.
We assist government clients with fraud prevention, detection, internal process and control review, or investigation of both asset theft fraud and financial statement fraud. We can also help by preparing a summary of losses for insurance recovery purposes and by providing expert testimony and reports for criminal charges.
Whether you need to supplement existing personnel, meet compliance deadlines, or resolve audit findings, our services can give you the peace of mind of accuracy and timeliness. We provide:
- Audit preparation and liaison with audit firm, including gathering information requested, preparation of audit schedules, and drafting of financial statements
- Resolution of audit findings and implementation of corrective action plans
- Ongoing account reconciliations and quarterly assessments
- CFO services, including hands-on guidance during transitions, budgeting and forecasting, and other executive-level tasks
We offer government clients a wide variety of internal audit resources – from small-scale engagements to fully outsourced internal audits. We have a dedicated audit team that provides risk assessments, from basic to comprehensive, fully outsourced internal audits for independent analysis and implementation of best practices, and co-sourced arrangements where our experts provide direction, oversight, and resources to your internal audit personnel.
Experienced staff from REDW Wealth LLC, an SEC-registered subsidiary of REDW, can provide special internal audits of investments and fiduciary practices.
The SALT professionals at REDW have the deep knowledge and resources to help you manage tax exposure and compliance in all 50 U.S. states. Specialty areas include business income and franchise tax, state sales and use tax, property tax, and tax credits and incentives.
Our experienced trainers understand the technology, finance, accounting, and operations management issues faced by governmental organizations. We have worked with some of the largest government agencies in the Southwest, and are skilled at explaining complex issues in ways that enhance your employees’ knowledge and make an immediate impact.
- Fund Accounting
- Uniform Grant Guidance
- Internal Controls & Fraud Prevention
- State & Local Tax Issues
- Understanding the State’s Revenue Allocation