Governmental Update (PPC)

GASB Issues Subsequent Events Exposure Draft

GASB Issues Subsequent Events Exposure Draft

Governmental Update (PPC) / By

On November 13, 2024, GASB issued an Exposure Draft (ED) of a proposed Statement of Governmental Accounting Standards for public comment. Comments are due by February 21, 2025. The proposed statement is titled “Subsequent Events” and is available on GASB’s website at www.gasb.org. Overview In this ED, GASB proposes to define subsequent events and change the …

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GOVERNMENTAL UPDATE: Implementing Guidance on Uniform Guidance Revisions

Governmental Update (PPC) / By

Background The Council on Federal Financial Assistance (COFFA) was established in August 2023 by the U.S. Office of Management and Budget (OMB) under Memorandum M-23-19. The OMB’s intent was to create an interagency forum to improve coordination, transparency, and accountability in the oversight and management of federal funding. Aligning with that purpose, the COFFA maintains …

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Business Technology

How the New Risk Assessment Standards Affect Information Technology

Governmental Update (PPC) / By

In the last two editions of this newsletter, we published a two-part article on how SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, will affect governmental audits. This article examines in more detail the new information technology (IT) requirements that will affect governmental audits. Auditors will begin applying …

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New Risk Assessment Standards in Governmental Audits—Part I

Governmental Update (PPC) / By

Auditors will begin applying the new risk assessment standards in audits of 2023 calendar year-end governmental clients, periods ending on or after December 15, 2023. SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, provides the new guidance. So, how does SAS No. 145 change your audit processes? We …

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Audit Report

Proposed Changes to Single Audits

Governmental Update (PPC) / By

On October 5, 2023, the Office of Management and Budget (OMB) proposed revisions to OMB Guidance for Grants and Agreements, which includes 2 Code of Federal Regulations Part 200 (Uniform Guidance). The proposed revision reflects comments received from Federal agencies and those received in response to the OMB Notice of Request for Information that was published in …

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SDA helped us put together a successful bid for creating our massive entertainment village in downtown Ft. Lauderdale. They're amazing to work with! Very professional and supportive. We look forward to continuing to work with SDA as we grow.
Jeff John, Damn Good Hospitality Group
JEFF JOHNCEO, Damn Good Hospitality Group
SDA served as a consultant for us while we were doing project management for a construction job. They have excellent business acumen, are highly professional and truly value being a partner with us. We enjoy our relationship with SDA and look forward to continued future success.
MARK BLANCHARD
MARK BLANCHARDVP Strategic Development, AECOM
We’ve worked with SDA for several years on various projects within our legal and finance departments. They also helped us secure a grant for our new practice facility in downtown Fort Lauderdale. SDA really is the smarter way to do business!
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Matthew CaldwellPresident & CEO, Florida Panthers Hockey Club
Tanya and the SDA team have done a great job for us - especially in helping us navigate and resolve some complex issues surrounding our audit work. They've been a consultant for us for a number of years and have also been consistently supportive of our community efforts. We truly value our relationship with SDA.
W. Ajibola Balogun - City Manager, City of West Park
W. Ajibola BalogunCity Manager, City of West Park
SDA has always done excellent work. Our financial auditing and bond control reviews are completed thoroughly and timely, and their team has been very accessible to help us address and analyze key issues whenever they may arise. In short, they’re a solid business partner we’re grateful to have.
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Jennifer AndreuFormer Assist. Super., Miami-Dade County Public Schools
We are so pleased with the experience that we’ve enjoyed over the past 20 years with SDA. All of you were so timely and resourceful, serving as a trusted business partner, assisting with our fiscal controls, handling our financial auditing, smart bonds work and more. We couldn’t be happier with your services.
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Torey AlstonBoard Member, Broward County School Board
As the mayor of one of South Florida’s leading cities, I know it takes an incredible team around you in order to achieve a citywide vision for your constituents. SDA is one of those highly reliable teams I’m proud to say supports us well in our efforts of continuous improvement, accountability and transparency for the people of the city of Miramar.
Mayor Wayne Messam
Mayor Wayne MessamCity of Miramar, Florida
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