Walker & Armstrong, CPAs - Phoenix, Tucson, Carefree


Pre-Audit Services

Pre-Audit Services for State, Tribal and Local Governments



An efficient pre-audit facilitates a smoother, quicker, less disruptive and less expensive annual audit.


 The Walker & Armstrong Difference

We do not simply help you comply.
We help you succeed.

Walker & Armstrong was established in 1971 on a simple premise: To help our clients enhance their success and achieve their goals. The importance of delivering uncompromising client service – as you define it – and exceeding your expectations is instilled at all levels of our firm, and it is fundamental to our core values of:

  • integrity

  • accountability

  • positive attitude

  • respect.

The “Walker & Armstrong Difference” is evident to the hundreds of business owners with whom we have served as partners in planning and progress.

We Are Easy to Work With. You will appreciate our experience with companies like yours, our consistency in staffing from year to year, and our emphasis on careful planning, hands-on partner involvement and effective communication. Our ability to anticipate the course of your engagement protects you from unwanted surprises and unnecessary disruptions to your routine.

We Honor Our Commitments. We understand the frustration and risk stemming from missed deadlines and broken promises. That is why, at every step in the process, from staffing your engagement and calendaring our target dates to delivering the finished product, our focus is on meeting your expectations for timeliness, accuracy and thoroughness.

We oversee the preparation for the annual audits of county, municipal and tribal governments; not-for-profit entities; and business entities. Our valuable “pre-audit” services, which make up the first step in the process of an audit, include project management and staff training in audit preparation.

During a pre-audit, the entity’s financial documents are examined to ensure that all information is correct before the company or individual undergoes an official audit. By paving the way for your annual audit, an efficient pre-audit facilitates a smoother, quicker, less disruptive and less expensive annual audit.

We can assist with preparing, from information you provide, the following documents and schedules:

  • Financial statements, notes to the financial statements, and supplementary information

  • Bank reconciliations including journal entries to record the correct balances

  • Receivable listings and reconciliation to the general ledger

  • Fixed asset schedules including depreciation

  • Accrued payroll and related liabilities to the adjusted trial balance

  • Reconciliation of equity accounts

Government Specific

  • Reconciling the Treasurer’s cash balance to the general ledger (specific to county governments)

  • Receivables such as amounts “due from other governments” and taxes receivable

  • Amounts due to and from other funds

  • Reconciliation of capital outlay expenditures to the capital asset additions

  • Debt service expenditures to the long-term debt activity

  • Debt refundings/refinances

  • Retirement obligations

  • Schedule of interfund transfers, including reconciliation to the adopted budget

  • Preparation of the Schedule of Expenditures of Federal Awards

  • Indirect cost proposals

Not-for-Profit Specific

  • Schedule of promise to give (pledges)

  • Analysis of net asset restrictions

  • Cost allocations between program and supporting services, including joint cost allocations

  • Accounting for endowment funds

  • Split-interest agreements

For-Profit Specific

  • Inventory

  • Stock-based compensation