What we have found with Hoyman Dobson was that they immediately grasped both the substance of our organization (its strengths, weaknesses, and opportunities) as well as (and perhaps more importantly) the non-governmental focus on outcome over process that we believe is fundamental to our success with our constituents. The audit was completed well within the expected time frame, the billings were as anticipated, and the presentation and resulting CAFR well-received.
Dr. Stephen R. Whitmer
City of Daytona Beach Shores, FL
Why choose Hoyman Dobson
- Ten governmental audit qualified auditors
- Each year we audit sixteen governmental entities
- Highly versed in the rules for Federal and State Single audits
- Experienced with preparation and review of financial statements that receive the Certificate of Achievement for Excellence in Financial Reporting (CAFR)
- Auditing governmental entities since 1964
- Well versed in Rules of the Auditor General of the State of Florida that apply to governmental entities
- Have designed our own unique audit program for auditing compliance with Florida laws
- Member of:
- Contact: Debbie Goode, Audit Director. Email or call 321-426-3040
Your auditor can help build public trust
Each year governmental entities, such as municipalities and counties, go through independent annual audits. During the independent audits, the auditors, who are also certified public accountants (CPAs), audit the entities’ financial records, internal controls, and operations.
The citizens fully approve this practice as they are looking for accountability from their government and confirmation their officials manage their tax dollars efficiently and with integrity. An annual independent audit can help county and municipality officials gain the public’s trust. With public trust, our officials can be more effective in implementing new initiatives in the community.
- The annual independent audit will provide:
- An informed opinion of the governmental entity’s operating policies and officials’ honesty
- Protection for both parties: the governmental entity’s employees and the citizens
- A review of the internal control system and recommendations for its improvement
- A review of the accounting system and recommendations for improving practices and procedures in operations
- Accurate and dependable financial and statistical reports outlining the entity’s financial condition and results of operations
The independent auditors will provide the best audit and accounting services if they:
- Are diligent in applying proper auditing standards and procedures
- Are knowledgeable and experienced in auditing governmental entities. Hiring an independent auditor to perform the audit does not automatically mean the governmental entity will receive the kind of audit and accounting services it needs. The quality of the services heavily depends on the auditors’ specialized knowledge and the diligence and care they apply in providing the services.
What’s so different about auditing governmental entities versus other organizations, such as for-profit companies?
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, such as:
- Fund accounting
- Compliance with laws and regulations
- Budget-to-actual comparison statements
- Assessment of internal controls.
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.