communicating financial information to nonfinancial people
DESCRIPTION
Communicating Financial Information to Nonfinancial People. AGFOA April, 2012. Overview. Know your audience Know your stuff Clear and concise Visuals Presentation. Know Your Audience. Readers? Listeners? Visual? Detail?. Readers…. Information in advance Executive summary - PowerPoint PPT PresentationTRANSCRIPT
What is Important?
2009 2010 2011 20120
0.5
1
1.5
2
2.5
3
3.5
4 Is the decrease in 2012 a problem?
Was 2011 an anomaly
It matters…
Say What?The increase in
net assets is down from last year.
Anything about arbitrage!
What is an audit?
Audit Plan
Planning
• Internal Controls• Risk Assessment
Fieldwork
• SAMPLING• Analysis
Reporting
• Review• Findings• Presentation
Sampling
Population
• Define• Docume
nt
Sample • Size• Representative
Evaluate
• Exceptions• Projection• Conclusion
Focus on…
Personal Services
Materials & Services
Capital Other0
0.51
1.52
2.53
3.54
4.55
2013 Budget