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Office of the Washington State Auditor COVID-19 Resources

SAO Accounting Rules:

Important Updates to BARS Cash and GAAP Notes Disclosures Related to COVID-19

The BARS Cash and GAAP manuals have a new note disclosure requirement in response to COVID-19. Note X - Other Subsequent Events, Instructions to Preparer has been revised to include a template for the COVID-19 event. The note is required for all local governments whose audit report has not been issued yet in 2020.

Please see the GAAP BARS Alerts or Cash BARS Alerts for more information.

 

New BARS Revenue Account Code for BARS Cash and GAAP Related to the COVID-19 Federal Stimulus

A new BARS Revenue Account Code has been added to the BARS Cash and GAAP charts of accounts for all local governments. The new revenue code is intended for use by local governments for receipt of federal monies that are not a grant.

For more information on the new BARS coding, please look at this document for GAAP government or Cash governments.

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Audit Deadlines

This update from the Office of the Washington State Auditor from March 26 outlines important information regarding audit deadlines in light of the current COVID-19 crisis.

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Guidance: Note Disclosure - Subsequent Events

The Washington State Auditor’s Office is now expecting all entities to include a subsequent event note disclosure regarding the impact of COVID-19 to their entity. View the sample disclosure here.

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Tumwater WA 98501

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Email: admin@wasbo.org