The changes are more than just technical.
By CPA Trendlines Research
America has a wealth of governments. They’re all over the place. Municipal governments. County governments. Parishes, boroughs, villages, hamlets. Special purpose local governments. School districts, fire districts, tax districts. Independent authorities, tribal councils and councils of governments. State governments, territorial governments and, of course, the big one in Washington, District of Columbia, with its thousands of branches, arms and agencies.
Love them or hate them, there they are. Tens of thousands of governments. And they all have one thing in common: they need to be audited.
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Or, to put it another way, they need auditors.
Being governments, their accounting and auditing standards are different from those of nongovernmental entities.
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