KMAAG Audit Services – Wichita (KS)

Municipalities in and around Wichita, Sedgwick County and throughout the State of Kansas are responsible for managing the public’s funds. Because of this duty, an audit of your financial records is an important part of a government’s annual operations.

The audit report provides elected officials and taxpayers with the opportunity to gain a better understanding of the whole picture of the municipality’s financial position including receipts, expenditures and unencumbered cash.

Through the audit and report delivery process, you are provided assurance that the financial statement provided is free of material misstatements and confidence that the internal control structure of the government is effective and working efficiently.

Municipalities can choose whether to follow the regulatory basis of accounting under the  Kansas Municipal Audit and Accounting Guide (KMAAG) or to use Generally Accepted Accounting Principles (GAAP). Whichever route you choose comes with different challenges and opportunities. For this reason, it is important to work with an experienced auditor familiar with your preferred basis of accounting who can guide you through the audit process.

KMAAG & GAAP Audit Experience – Wichita (KS)

Adams Brown, Strategic Allies and CPAs, has significant experience assisting local government entities in Kansas. Our team members understand the nuances of KMAAG and GAAP requirements and provide the guidance and support to ensure your municipality’s financial statements are properly prepared with the latest standards. Combining practical experience and technical expertise allows us to deliver a value-driven client experience year after year.