Industry Sectors

Government Entity

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The governmental entities are facing increased pressure from their citizens to demonstrate a high level of accountability over public funds. The advantages to everyone from a properly conducted audit fully justify the costs. With the help of independent auditors, municipality or county officials can find ways to run leaner and more efficient operations, monitor effectively the conversion of resources into services the citizens demand, and maintain public’s trust.
In comparison with private, for-profit companies, governmental entities are :
(1) owned collectively by constituents who do not use the governmental entities’ goods and services proportionately;
(2) they are not driven by profit motives and
(3) are subject to political processes, which affect the decision-making process.
Because of these characteristics, auditing a local governmental entity is different from auditing private, for-profit businesses. When auditing a governmental entity the auditor will enhance the audit procedures to address issues unique to governmental entities.