Grau & Associates is dedicated to serving Special Districts, Municipalities and other Governmental Entities. We currently audit over 250 governmental entities. We perform nearly 20,000 hours of service for our Public Sector Clients under Governmental Auditing Standards every year. We have consistently focused on providing service to the public sector. By committing our resources to this industry, we guarantee the highest level of service and have become the premiere governmental auditing firm in Florida.

We are members of the Governmental Audit Quality Control Center of the AICPA.

We proudly serve the following types of governmental entities:

  • Special Districts
  • Municipalities
  • Schools
  • Water Management Facilities
  • Pension Plans

As a member of the AICPA’s Governmental Audit Quality Center, we are committed to adhering to the highest quality standards by voluntarily agreeing to the Center membership requirements, which include designating a partner responsible for the quality of our Governmental Audit Practice, establishing quality control programs, performing annual internal inspection procedures, and making our peer review report findings publicly available.

We provide the following audit and assurance services to government entities:

  • Financial statement audits under Government Auditing Standards (The Yellow Book)
  • Compliance audits in accordance with OMB Circular A‐133
  • Compliance audits under the HUD Consolidated Audit Guide
  • Operational audits
  • Internal control evaluation and review
  • Agreed upon-procedures related to governmental audits
  • Implementation and assessment of corporate governance policies

Arbitrage for Governmental Entities

The federal government has imposed complex rules to restrict the use of tax-exempt financing. Their principal purpose is to eliminate any significant arbitrage incentives in a tax-exempt issue. We have determined the applicability of these requirements and performed the rebate calculations for more than 150 bond issues, including both fixed and variable rate bonds.

For more information about our Governmental Audit Services, please contact us.

What Our Clients Are Saying:

When we get the same price from multiple vendors, it's the relationship and the quality of client service that make a firm really stand out.