State and Local Governments

State and Local Governments

Doing business as a government entity involves balancing an array of demands — meeting rising expectations for public services, living within budget constraints, managing complex regulations, achieving accountability and transparency and adhering to strict reporting standards.

Team members of Fricke & Associates, P.C. have over 100 combined years of experience performing audit services for state and local governments. Audits performed on financial statements of state and local governments are unique in that they may have as many as three sets of applicable audit standards or requirements. We have developed a specialized team to serve the unique needs and challenges of government entities.

We understand the complexities of state and local government and therefore we can meet the requirements and expectations you may have and need. These include:

  • Generally Accepted Accounting Principles (GAAP)
  • Generally Accepted Government Auditing Standards (GAGAS)
  • The Single Audit Act of 1996, as amended and OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations (Single Audit Act or A-133)

Further, our membership in the Governmental Audit Quality Center of the American Institute of CPAs (AICPA) keeps us well-informed of industry trends and best practices. We continually apprise clients of new regulations and requirements and practices.