Public Sector
Governments at all levels - federal, state and local - face the complex task of keeping up with the latest accounting and auditing standards and/or organisational best practices to ensure the quality of their financial reporting and operations.
Requirements continuously evolve, based in part on new auditing standards and on the rapidly changing political and economic landscape. In addition, public sector trends such as the focus on independence of service providers (expressed in the private sector through the Sarbanes-Oxley Act) show the far-reaching impact of this direction.
Only by keeping up with these trends can you manage your entity's exposure to potential penalties, regulatory action or even loss of funding. Your taxpayers, service users and other stakeholders rely on effective management of resources to meet the rigorous requirements set by such national bodies as the US’s General Accounting Office (GAO) or the UK’s National Audit Office, or perhaps regional and international bodies, such as the European Court of Auditors or the International Monetary Fund.
The right firm for government is one that has made a long-term commitment to understanding and appreciating your unique environment. Such a firm can assist you with managing risk on many levels. UHY member firms are the right choice.
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