Audit Preparation

Fox Accounting Services provides a comprehensive Tribal audit preparation service that encompasses everything from assessing the Tribe’s fiscal year-end trial balance to ensuring the general ledger account balances are supported by accurate account reconciliations. Our thorough approach guarantees a detailed, compliant, and seamless audit process tailored specifically for Tribes.

These are some of the specifics of our audit preparation:

  • Assess the Tribe’s fiscal year-end trial balance
  • Prepare reconciliations of agreed-upon significant accounts
  • This includes the reconciliation schedules and support documents and/or proposed journal entries
  • Prepare the annual government-wide and fund financial statements, including the Governmental Department’s Statement of Net Position and Statement of Activities, a Balance Sheet and a Statement of Revenues, Expenditures and Changes in Fund Balances
  • Review and update the Tribe’s prepared Schedule of Expenditures of Federal Awards (SEFA), to agree to the reconciled financial statements
  • Determine the general ledger account balances that are supported by current account reconciliations.

We offer a free consultation for your Tribe. Please contact us with the form below or call 580-716-4550.