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Often, Tribal Leadership relies on the Single Financial Statement audit. In some cases, Leadership may be reviewing Income Statements and Balance Sheets. Unfortunately, Tribe’s seldom analyze the Cash Flow Statement even though cash is often the most limited […]
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Creative Solutions & Services to Stop the Cycle Covering Start-Up Expenses for Cost Reimbursement Federal Awards & Grants https://www.linkedin.com/pulse/covering-start-up-expenses-cost-reimbursement-federal-awards-/?trackingId=HUePLWl9TNEznMCG3Hsghw%3D%3D
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The Single Audit is misunderstood by many Tribal Governments. The Single Audit provides an opinion on compliance for each major Federal program and reports on the Tribe’s internal controls. However, it does NOT express an opinion on the […]
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Many Tribes and auditors are unaware of this powerful tool. This article does a very nice job emplaning how to make CAROI work for you. https://www.agacgfm.org/AGA/Intergovernmental/images/CAR_OI_Playbook.pdf
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This is a very good article that clearly explains the differences and value to the organization between Finance and Accounting. https://corporatefinanceinstitute.com/resources/careers/jobs/finance-vs-accounting/