Brad Bingenheimer and Orlando Torres unpack the complex challenges facing state and local governments in issuing timely financial statements. Drawing on recent findings from the GFOA and AICPA/NASACT, they explore the root causes of reporting delays—from staffing shortages and outdated policies to limited public interest and technical expertise.Listeners will gain practical strategies for improving reporting timelines, including leveraging estimates, reassessing materiality, streamlining year-end close, and preparing for audits more effectively. Whether you're a government finance professional, auditor, or elected official, this episode offers actionable guidance to help you navigate the evolving landscape of public sector financial reporting.🔗 Explore more from our Audit Insights Series: ⁠⁠⁠⁠⁠⁠⁠⁠Quarter 3 Theme - SingerLewak⁠⁠🔗Follow us on LinkedIn for updates: ⁠⁠⁠⁠⁠⁠https://www.linkedin.com/company/singerlewak-llp/⁠⁠⁠⁠⁠⁠🔗 Subscribe to our podcast on Spotify or Apple Podcasts: ⁠⁠⁠⁠⁠⁠The Balancing Act Podcast with SingerLewak | Podcast on Spotify⁠⁠⁠⁠⁠⁠🔗Subscribe to our YouTube channel: ⁠⁠⁠⁠⁠⁠www.youtube.com/@SingerLewak⁠⁠

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