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Guidance for government-related entities

State, local, and federal agencies and their contractors have a lot to consider when it comes to managing operations. While juggling changing financial reporting obligations with risk management and oversight, you also face budgetary challenges and other issues.

CBIZ understands the pressure that stems from increased scrutiny and a shrinking budget, and offers a suite of solutions to help your entity operate more efficiently. Our team helps you to identify and implement best practices based on our experience, and meet compliance and other regulatory measures.

Solutions for Government Entities

  • Audit & Assurance Services*: Receive a full spectrum of audit and assurance services, including specialties with yellow book audits and government grant accounting.
  • Risk Advisory: Evaluate your operation to pinpoint the areas of risk in your organization. Our specialists develop strategies to minimize that risk through internal control evaluation and other services.
  • Tangible Asset Valuation: Receive timely valuation of insurable values, machinery and equipment, property records and annual revisions, and property valuations in accordance with GASB 34/35 and GAAFR.

CBIZ and MHM's 2023 study, Benchmarking Your SOC Compliance Framework, serves as such a resource, helping service providers improve their SOC reports for better efficiency and customer satisfaction. This study analyzed over 150 SOC 1 and SOC 2 reports from various industries and company sizes, with key findings shared over the past few months.

Speaking at a Dec. 5 event titled “Navigating the EconomicLandscape: Insights and Projections” at the CBIZ office in Kansas City, Mo, Rathbunexplored the complexities of the current economic environment, addressingcritical questions about the likelihood of a recession, the reality of a true softlanding and the plausible scenarios that could play out in the year ahead.

We are writing to apprise you of new and very important information reporting requirements that may impact you beginning Jan. 1, 2024. The purpose of this communication is also to inform you about our limitations in assisting you with meeting these requirements.

    *CBIZ is a business consulting, tax and financial services provider and works closely with MHM (Mayer Hoffman McCann P.C.), an independent CPA firm providing audit, review and attest services. CBIZ and MHM are members of Kreston Global, an international network of independent accounting firms.