Government officials must demonstrate transparency and efficiency in the execution of their duties. Accountability in governance is vital to public sector accounting services, in how duties are carried out, and how public funds are expended. Even as funding is stretched thin, public sector organizations must be able to maintain internal controls to safeguard assets and meet the growing demand for financial accountability and transparency, often with decreased internal resources.
The LaPorte Public Sector Industry Group has 16 multidisciplinary professionals with experience serving a broad range of governmental entities. Most of these professionals are CPAs, many are active members of the Government Finance Officers Association, and we are proud of our two team members who are certified government financial managers. Our professional memberships and certifications, a focus on continuing professional education, and the firm’s participation in the AICPA Governmental Audit Quality Center together contribute to our clients’ confidence that we will keep them up to date on regulatory changes and will advise them on best practices in their industry. LaPorte’s strong focus on team continuity means our clients won’t waste time or effort in educating our team. In fact, many of our professionals have been serving governmental entities their entire careers. LaPorte also has a record of keeping senior-level team leaders involved and responsive throughout engagements. Our professionals provide insights into financial reporting compliance and also work to improve efficiency, reducing costs and creating greater public accountability.
SERVICES TO INDUSTRY
Accounting and Audit
- Agreed-upon procedures
- Audits of federal awards programs (compliance with Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance)
- Audits, reviews, and compilations of financial statements
- Financial reporting
- Internal control evaluations
- IT reviews and evaluations
Consulting
- Accounting software consulting
- Assistance with grant requirement compliance
- Board member training
- Budgeting and strategic planning
- Fraud investigations
- Monthly accounting
- Payroll research and wage rate calculations
- Payroll tax return preparation
- Performance and operational reviews
- Utility rate studies
LAPORTE PUBLIC SECTOR OVERVIEW
FOMC policy decision preview: Fed to hike lending rate .75% next week
(authored by RSM US LLP) A 100-basis-point increase in the federal funds rate will be on the table during the Federal Open Market Committee meeting next week, but we expect the central bank will hike the policy rate by 75 basis points.
Changes in Fed policy and their impact on the economy
(authored by RSM US LLP) The Federal Reserve’s changes to short-term interest rates will affect the stock of money, which directly determines the direction of the real economy…
Initial jobless claims exceed pre-pandemic level for second straight week
(authored by RSM US LLP) There were 229,000 new jobless claims for the week ending June 11, down slightly from an upwardly revised 232,000 in the prior week.