Governmental/School Districts

We at D'Arcangelo & Co., LLP have a unique commitment to the school districts that we have and continue to have the privilege of serving. This commitment has been a priority of our Firm for over 55 years and has provided school districts with expert assistance in numerous areas. We take special pride in working to provide the most informative and value-added services for our school district clients. From financial audits to single audits to various special engagements, we can help your school district as well.

Our School District Practice Unit is comprised of industry specialists from each of our offices. We are able to draw upon the experience of our industry specialists to provide our school district clients with the level of service they require. These specializations allow us to adapt to the rapidly changing needs of school districts. Our School District partners are leaders and active members of various governmental committees and organizations. The partners in our Firm are an integral part of each engagement team, from planning, to exit meetings, and presentations to school boards. Our extensive experience with auditing NYS School Districts has enabled us to successfully and consistently meet the demands that these complex engagements require.

Some of the services we provide include (We only consider rendering services if they do not impair our independence both under AICPA and GAO rules):

• Financial statement audit
• Internal audits under the NYS School Accountability Act
• Single audit of Federal and State awards
• Compliance audit under OMB A-133
• Audit of official statements
• Fund balance projections
• Internal control evaluation of design (Delegation and segregation of duties)
• Design of interim financial statements
• Quarterly reviews
• Preparation of State reports
• Personnel issues (i.e. cafeteria and other employee benefit plans)
• 403(b) compliance reviews
• Advising on payroll and tax matters
• Internal controls, review of policies, procedures and operating effectiveness.
• Agreed upon procedures concerning the budgeting process and deficit fund balances
• Agreed upon procedures concerning real property tax collections
• Financial, operational, and regulatory compliance audits
• Information technology audits
• Review of policies and procedures for compliance with regulatory requirements and the school district's goals and objectives
• Special regulatory compliance procedures at the request of outside regulatory agencies
• Provide consulting and implementation services for internal audit management and enterprise-wide risk management IT solutions
• Consulting services concerning business office irregularities
• Preparation and review of regulatory reports
• Special internal control reviews
• Fraud investigations, including the use of data extraction and data mining tools
• Department/function profitability analysis
• Presentations to the Board of Education on accounting, internal audit, tax, and Board governance issues
• Assisting school districts with year-end closing procedures
• IRS issues

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