GASB reporting model re-examination project

GASB_microphone_124632551.jpgThe Government Accounting Standards Board issued an invitation to comment on January 4 about potential changes to reporting of government funds, which GASB Chair Dave Vaudt recently described in a short video. The Board is seeking input on these ideas from local governments and other users during the preliminary stage of its project to re-evaluate the financial statement reporting model. Generally Accepted Accounting Principles (GAAP) for all state and local governments nationwide is set by GASB in accordance with an open, due process.

The State Auditor’s Office encourages local governments to follow the Board’s activities and provide input on potential accounting standards they will eventually need to follow.

(Stock photo)

School district alert for phishing email attack

During the week of January 9, 2017, malicious hackers conducted phishing attacks from multiple school district employees’ email accounts.

What happened? 

Hackers gained unauthorized access to work-related email accounts belonging to employees of multiple school districts, presumably by having the login name and password of the email account.

The hackers used the employees’ email accounts to send phishing emails to people with whom the employee had previous email contact. The message included instructions to click on a link to open a website. The website directs the email recipient to enter account credentials (email address / user name / password / phone number).

The hackers are also monitoring the victims’ email accounts and are responding to replies from recipients of the phishing email confirming the original request to click on the website link. In some cases, the hackers used the employees’ email signature to make the message appear more authentic. Continue reading

CAFR Summary

We issued our state CAFR summary report December 27, 2016.

Each year, our Office audits the state of Washington’s financial statements and reports the results in the Comprehensive Annual Financial Report (CAFR). This is a very long, complex document that contains vital information about our state’s financial condition. The CAFR summary boils this down to about 10 pages to make it easier to read and understand. The CAFR summary can be found on our website.Professional Financial Service