An Overview of Software for Government Financial Reporting
AuditWare offers the products listed below. Their primary purpose is to create the annual audit report for a governmental entity from trial balance input. In many cases an ASCII text file may be used to import the data. These products may also be used by local governments to produce monthly, year-to-date financial statements for management or their local governing body. Other enhancements include robust tools for producing analytical review reports, lead sheets and many other user-customized reports. All products are updated as needed, but not less than annually, to insure compliance with professional standards.
Audit I.S.D. for Texas School Districts
Audit I.S.D. is dedicated to Texas school audits. It uses the state-mandated chart of accounts and will produce all of the supplemental schedules required by the Texas Education Agency (TEA) in addition to the basic report. It also produces the audit report in the electronic submission formats (PDF file and text file formats) required by the TEA. More than one out of every three school district audit reports in Texas was produced with Audit I.S.D. last year. We have offered this product since 1989, making it our flagship product.
AuditWare for Local Governments
AuditWare for Local Governments can be set up for almost any chart of accounts and will produce the basic audit report for any kind of local government in any state. It will not handle not-for-profit entities nor will it automatically produce the special supplemental schedules which may be required by various states, but our automated page numbering system allows for easy insertion of auditor prepared documents. The default notes to the financial statements are set up for a Texas city in regard to pension plans, etc., but may be edited by the user.
AuditWare for California School Districts
AuditWare for California School Districts (CSD) is a product which is uniquely tailored to produce the annual audit report along with the Auditor’s Report on State Compliance and all of the special schedules required by the State’s audit guide published by the Education Audit Appeals Panel. We have offered this product since 2000. Currently, more than one out of every four California school audit reports are created with CSD.
A CAFR add-in is available for all Auditware products, at an additional price, which expands the capability of the product in use to produce a full comprehensive annual financial report (CAFR). This includes the required statistical tables and the various documents in the introductory section required by the GASB and GFOA. It also optionally produces all combining statements for GASB 34, whether a full CAFR is being presented or not. The add-in is activated by means of a password which is supplied to those who purchase it.
While the level of automation throughout these products is impressive, the command which truly sets AuditWare apart from the rest of the competition is the “Turnkey” command. Once input is complete, select this one command to produce or print every page of the audit report with a single keystroke. This is totally automatic. Go have a cup of coffee; return and find the printed report waiting for you.
What’s Included in the Audit Report?
The following audit report documents are included in all products: cover sheet; table of contents; all auditor opinions and reports; general purpose, combining and individual fund financial statements for all fund types; notes to the financial statements; optional supplemental schedules of delinquent taxes, loans, leases and bonds; summary schedule of prior audit findings; schedule of findings and questioned costs; corrective action plan; schedule of expenditures of federal awards; and all divider sheets. If you also purchase our CAFR add-in you get all statistical tables, the list of principal officials, and other schedules and divider sheets appropriate to the CAFR. All required basic financial statements are included, along with notes and budget comparison schedules.
Our reputation has been built on our excellent support. In addition to free telephone support which is available Monday through Saturday (including after hours), support is offered by fax, e-mail and this web site. A user manual and on-screen help is just a key stroke or mouse click away in all products.
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