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Governmental Accounting and Financial Services

Accounting and financial services in the public sector require specialized expertise, addressing unique needs, challenges, and compliance requirements. TDJ CPA was founded to serve the broad spectrum of government entities, providing tailored financial solutions to meet their distinct needs.

Over the years, our team’s experience and expertise have grown, allowing TDJ CPA to become a trusted partner for accounting and consulting services for government entities. With over 116 years of combined experience in the sector, TDJ CPA offers deep insights and practical solutions to help governmental organizations thrive.

We provide services to a diverse range of public sector entities, including but not limited to:

  •  Cities and Towns (both cash basis and GAAP basis entities)
  •  Counties
  •  Water and Sewer Districts
  •  Area Agencies on Aging
  •  Housing Authorities
  •  Industry-specific entities
  •  Port Districts
  •  Non profits


Industry Presence and Association Involvement

TDJ CPA actively participates in numerous professional groups and associations dedicated to the government sector, ensuring that we remain current with industry standards and best practices:

  •  Government Financial Officers Association
  •  Government Financial Officers Association’s Certificate of Achievement for Excellence in Financial Reporting (CAFR Program)
  •  Washington Finance Officers Association

Internal Audit Consulting/Internal Control Reviews

An organization’s future depends on its ability to identify and manage risk. Effective risk management requires a strong internal audit function.

In complex organizations, a successful internal audit function plays a dual role:

  • Supporting the Audit Committee in fulfilling its fiduciary duties related to internal controls.
  • Partnering with management to perform thorough risk assessments and implement effective risk management strategies.

 

Ideally, a progressive internal audit function works adaptively within the organization. However, many entities find it cost prohibitive to fully staff an internal audit department or maintain the specialized skills needed to address evolving challenges.

TDJ CPA bridges this gap by providing flexible internal audit consulting services, from staff augmentation to best practice recommendations for internal controls and risk mitigation. We work closely with management, existing audit functions, and Audit Committees to deliver the scope of coverage your organization needs.

Our expertise allows us to develop tailored plans that address critical risk areas and mitigate exposure, ensuring your organization is well positioned for long term success.

Excise Tax Consulting

Navigating the ever-evolving landscape of Washington State excise taxes can be overwhelming for local governments. TDJ CPA offers specialized excise tax consulting services to ensure your government entity is compliant with state laws and paying the appropriate amount of taxes on the correct revenue streams.

Our team of experts can assist in key areas such as:

  •  Public Utility Taxes
  •  Sales and Use Taxes
  •  Washington B&O (Business and Occupation Tax)
  •  Unclaimed Property


We work with local governments to provide clarity and guidance on all matters of excise tax compliance, ensuring that your organization remains in good standing with state requirements.

Audit Liaison

TDJ CPA’s audit liaison service is designed to assist management in effectively navigating internal and external audits, including those conducted by state and federal regulatory agencies. As your audit liaison, we act as your dedicated support team throughout the entire audit process, ensuring that your organization responds efficiently and accurately.

Our audit liaison roles and responsibilities include:

  • Providing ongoing support and guidance throughout financial audits or reviews.
  • Attending key audit meetings, including entrance conferences, status updates, and exit conferences, alongside your management team.
  • Serving as the primary point of contact between your organization and financial auditors, ensuring smooth communication and the timely exchange of information.
  • Reviewing draft audit reports for accuracy and completeness, while working with auditors to recommend necessary corrections.
  • Assisting management in reviewing and responding to audit findings, ensuring responses are accurate, comprehensive, and reflect the organization’s position.
  • Helping management develop strategies for the effective implementation of audit recommendations and providing regular updates on the progress of those implementations.
  • Offering audit status updates to executive management, keeping leadership informed of key developments.
  • Supporting management in the implementation of internal controls and process improvements as needed.


TDJ CPA is committed to simplifying the audit process for your organization, ensuring that all audit-related tasks are handled with precision and professionalism, so you can focus on your core operations.

Financial Statement Preparation and Compilation

Governmental accounting is constantly evolving, with the Governmental Accounting Standards Board (GASB) continuing to implement new standards that shape financial reporting across the public sector. Since its inception in 1984, GASB has made significant advancements in improving accountability between governments and their constituents. However, keeping up with these evolving standards can be a challenge, especially for smaller organizations.

TDJ CPA is here to help you navigate these complexities by offering financial statement preparation and compilation services tailored to your organization’s needs. We ensure your financial statements are prepared in accordance with the most current financial reporting standards.

Our services include:

  •  Preparing or compiling financial statements on a schedule that best suits your organization—whether monthly, quarterly, or annually.
  •  Providing timely access to updated standards and offering support with their implementation and presentation in your financial statements.


Our financial statement preparation services are primarily intended to provide you with current, reliable information on your organization’s financial standing, enabling informed decision-making. These services are similar to what an in-house controller or CFO would provide to management in larger organizations.

TDJ CPA prepares your financial statements directly from the records you provide. We do not verify the accuracy or completeness of this information, and no formal report is issued on the statements. If your organization requires a formal preparation, we can issue a compilation report. However, a compilation report is not an audit or review, and we do not express an opinion, conclusion, or assurance regarding the statements.

Contact

Get in Touch

Phone: (360) 559-2309
Email: teresadjohnsoncpa@gmail.com

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