State & Local Government (GASB) Audit

A GASB audit is an independent examination of a state or local government’s financial statements against Governmental Accounting Standards Board requirements. Those statements typically include government-wide and fund financial statements, management’s discussion and analysis (MD&A), and often an Annual Comprehensive Financial Report (ACFR). The engagement results in an opinion on whether the statements are presented fairly.

• States, cities, counties, and townships.
• Governments that must file audited statements with state oversight bodies.
• Entities subject to bond covenants or grant conditions requiring an audit.
• Governments expending $1,000,000 or more in federal awards, which also need a Single Audit.

• Government-wide and fund financial statements.
• Management’s discussion and analysis and required supplementary information.
• Annual Comprehensive Financial Report support where applicable.
• Single Audit under Uniform Guidance and Yellow Book standards when the federal threshold is met.
• Internal control and compliance considerations.

Modus is AI-native. Our tooling automates the time-intensive fieldwork that lengthens most government audits, so your GASB audit gets done in roughly four weeks. Every conclusion links back to a source document, so your finance team, council, and state reviewers can trace the evidence. That means fewer document requests, fewer questions, and less disruption to your close.

• Top-firm audit rigor at a middle-market price.
• Roughly a four-week turnaround through automated fieldwork.
• Source-linked workpapers built for oversight review.
• GASB and Single Audit experience under one team.
• Up to about 50% fewer questions during the engagement.