Vavrinek, Trine, Day & Co., LLP has been the leading provider of audit services to K-12 local educational agencies in California since 1948. Vavrinek, Trine, Day & Co., LLP provides governmental auditing and specialized accounting services to over 300 governmental agencies. We understand that your agency desires a timely and quality audit conducted in a professional manner. We are committed to perform our audit work within your specified time frame, while ensuring only the highest quality. Vavrinek, Trine, Day & Co., LLP has devoted a substantial amount of time and resources to developing our governmental practice specifically as it relates to K-12 local educational agencies. Our clients are provided with professional, efficient and timely audits. Our expertise in this industry has positioned us to be one of the leading firms providing audit services to K-12 local educational agencies throughout California.
VTD is an industry leader in performing financial statement audits for school districts and county offices of education. Our auditors are trained and experienced to ensure that our clients receive only the highest quality audit. VTD is committed to adhering to our professional standards, including maintaining a system of quality control, which includes remaining independent. Our clients are our first priority and we strive to meet financial reporting deadlines, while maintaining quality service.
With the ongoing changes at the State, an auditor’s knowledge of State compliance is an important element in ensuring our clients remain compliant. VTD auditors receive training and conduct research to remain up-to-date on the current hot topics at the State. We communicate regularly with various State agencies, including the State Controller’s Office and the California Department of Education. In addition, VTD has representatives on various local and State committees so that we are on the forefront of industry changes.
Not only is VTD familiar with the requirements of all applicable laws, regulations and OMB Circulars, we are also familiar with the specific funding sources of our clients’ programs. Our audit procedures related to the Single Audit are performed in conjunction with the audit procedures performed as part of your financial statement audit. Our goal is to minimize the cost to our clients by avoiding duplication of procedures, while maintaining a high level of quality. To ensure that we remain up-to-date on federal compliance issues, such as ARRA, we communicate with officials of federal departments, attend external training conducted by federal agencies, and train our audit staff.
Since the passage of Proposition 39, VTD has been involved in performing procedures as agreed upon with our clients for financial and performance reporting to Citizen Oversight Committees. Our knowledge of school district and county office of education accounting policies and construction/facilities procedures provide us with the skills necessary to assist our clients in this area. We ensure clear, accurate and timely communication with Citizen Oversight Committees to provide them with the assurance they are looking for.
VTD has a breadth of experience working with Districts in growing communities where the creation of component units for the issuance of various forms of debt is the norm. We understand the accounting behind these sometimes difficult transactions and are always willing to answer questions. Our goal is to assist our clients in understanding component units and how to account for and report them to ensure that all component units are properly reflected in the financial statements.
Unfortunately, no entity is safe when it comes to fraud. Luckily, VTD can assist our clients when fraud allegations or suspicions arise. Our experienced certified fraud examiners, including a retired sheriff, are available to conduct an in depth review of your issue. These individuals will plan and tailor their approach specific to the needs of the client, taking into consideration the sensitivity of the issue and the need to be discreet during certain interviews. In addition, our auditors receive continuing education specific to fraud in accordance with our industry standards to improve our knowledge and techniques when addressing fraud during the audit.
We acknowledge that during the course of the year, situations may arise that require special attention outside the scope of the audit. In an agreed-upon procedures engagement, we work with our clients to identify the specific procedures desired and perform those procedures, to assist our clients in evaluating the subject matter based on their needs.
Our Firm has recognized the unique aspects of accounting and compliance that are associated with the K-12 school districts within California. Since our formation in 1948, VTD has researched and practiced within this arena and have trained our staff to be knowledgeable as to the specific requirements related to such areas as California School Accounting Manual, attendance accounting requirements, Federal compliance and the compliance requirements of the State Controller’s Office.
We provide our clients and their employees the opportunity to attend our periodic workshops and seminars on new and revised regulations issued by the governing agencies. These seminars introduce what is required of the client, how to execute or prepare required agency documentation, and answer any questions or concerns the client or its employees may have. Workshops we have provided include:
VTD also offers a full array of consulting services to K-12 local educational agencies.