Auditor’s Office Recognizes Excellence in Financial Reporting

May 12th, 2011 Posted by Finances 0 comments on “Auditor’s Office Recognizes Excellence in Financial Reporting”

The Clark County Auditor is pleased to share with the taxpayers that the County is continually working to maintain the highest standards in financial reporting, and recognizes Finance Director, Dave Crew, as a recipient of the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR) in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive financial reports that evidence the “spirit of full disclosure” to the taxpayers and to recognize individual governments that succeed in achieving that goal. Reports submitted to the CAFR program are reviewed by individuals with expertise in public-sector financial reporting and includes independent auditors, academics and other financial professionals. “I am extremely proud of the hard work and dedication of the employees in the Auditor’s office”, Federer said. “This achievement is a direct benefit to the taxpayers in the form of better bond rating which will lower interest rates and save the County hundreds of thousands of dollars. This is not the case in other Ohio counties!”