Workshops Committee Programs Management Training Series Library Leadership Ohio
New Auditing Standards for Libraries
Tuesday, August 23,
9:30:00 AM - 12:30:00 PM

Porter Public Library

27333 Center Ridge Road


$15 CAMLS Members
$20 Affiliate Members
$30 Non-members
Free for guests/speakers

Deadline: Tuesday, August 16,
Limit: 30
Registered Now: 23
Contact Hours: 3

Fee includes coffee, continental breakfast and materials

As a result of the new interpretation issued by the American Institute of Certified Public Accountants (AICPA) in February, public libraries using cash basis accounting must adjust their financial statements to conform with GAAP requirments in order to avoid an adverse audit opinion. To allay any fears or misunderstanding and to inform clerk-treasurers on what is required to prepare a proper statement, the Auditor's Office will send a representative to the CAMLS region for a formal presentation.


  • New fund type definitions and how those will affect libraries.
  • Management’s Discussion and Analysis – required content.
  • Required statements – we will review the samples and discuss the discretion each library has in selecting their format.
  • How to identify program revenues.
  • Required notes to the financial statements.
  • How to determine which funds are considered “major”.
  • Choose Title

    Audience: Clerk Treasurers, Business Managers, and Financial Officers.
    Nita Hendryx from the State Auditor's Office

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