Government Audit

Government financial reporting follows its own standards, deadlines, and reviewers. State and local governments report under the Governmental Accounting Standards Board (GASB), producing government-wide and fund statements, management’s discussion and analysis, and often an Annual Comprehensive Financial Report (ACFR). Governments expending $1,000,000 or more in federal awards also fall under the Single Audit requirement (Uniform Guidance) performed to Yellow Book standards. Modus helps you get each of these done accurately and on a predictable schedule.

Modus helps you get the full range of public-sector audits done. That includes GASB financial audits for state and local governments; school district audits with their state-mandated and federal program compliance; and special district and authority audits for water, transit, utility, and development bodies. For housing, Modus helps you get HUD audits under the HUD Consolidated Audit Guide, LIHTC audits and first-year cost certifications under IRC Section 42, and public housing authority reporting to HUD. When federal spending crosses the threshold, Modus also helps you get the required Single Audit done alongside your financial statements.

Modus is an AI-native firm. Our tooling automates time-intensive fieldwork, so your government audit gets done in roughly four weeks with far less back-and-forth for your finance office. Every conclusion ties to a source document through linked workpapers, so councils, boards, and oversight bodies can trace the evidence. The result is fewer document requests, fewer questions, and less disruption during your close.

• Top-firm audit rigor at a middle-market price.
• Roughly a four-week turnaround through AI-native fieldwork.
• Source-linked workpapers built for board and regulator review.
• Deep coverage across GASB, Single Audit, HUD, LIHTC, and PHA reporting.
• Up to about 40% less time spent on compliance work.