Governmental Accounting – Newark (NJ)

 

Governmental Accounting – Newark

Many state and local governmental agencies in Mobile and Alabama face multiple accounting and audit challenges. Not only are Executive Directors and Comptrollers required to maintain compliance with basic reporting requirements, but they must also be aware of other requirements triggered by government funding and compliance. This does not include the need to maintain a robust accounting process, which includes budget preparation, cash flow projections, and revenue enhancement strategies. This confluence can make maintaining and operating an optimized accounting function challenging. Due to the difficulty, consulting with a qualified advisor who can help guide you through the process and offer measurable support is essential.

New Jersey Governmental Accounting Experience

Belfint, Lyons & Shuman works with Directors of Finance, Controller/Comptrollers, Treasurers, and Accounting Managers in Newark and New Jersey. Our team has years of experience helping agencies meet compliance requirements, conduct required examination/audit services, and address accounting and tax concerns. Our team has years of experience serving agencies backed by advanced training and special certifications, including the Certified Government Financial Manager (CGFM®) and Certified Fraud Examiner (CFE®).  We are active in many associations, including the AICPA Government Audit Quality Center, the Association of Government Accountants, and the Government Finance Officers Association.

 

Governmental Accounting Services – New Jersey

Our experienced governmental accounting team offers a diverse range of services to governmental and state agencies, local governments, school districts, housing authorities, low-income housing, government authorities, and water utilities, including:

Accounting, Auditing, & Tax Services
  • Audits performed by Government Auditing Standards
  • Single audits performed in accordance with the Uniform Guidance
  • ACFR Review or Preparation
  • Fraud factor identification and analysis of risk levels
  • Internal control system reviews, risk assessment, and recommendations
  • Forensic, performance and compliance audits
  • Examinations
  • Cost certifications
  • Pension Audits
  • 403(b), 457 benefit plan audits
  • Economy and efficiency engagements
  • Financial statement compilations & reviews
  • Bookkeeping and financial reporting assistance
Advisory Services
  • Financial training for management and staff
  • Strategic planning and development of performance measurement systems
  • Budget preparation and cash flow projection consulting
  • Revenue enhancement strategies
  • Executive search assistance
  • Indirect cost/cost allocation studies

Map of Newark (NJ)

Contact our Newark Governmental Accounting Team

Belfint, Lyons & Shuman provides audit, consulting, and accounting services for Newark governmental agencies from our Delaware headquarters. To learn more about our services, complete the form below, and a team member will contact you shortly.

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About the Newark Business Community

Newark’s business community is defined by its role as a regional logistics powerhouse, an anchor for corporate offices, and a growing center for technology and education-driven enterprise. Its proximity to New York City, major highways, and Newark Liberty International Airport makes the city one of the most critical trade and transportation hubs on the East Coast. Port Newark–Elizabeth serves as one of the largest container ports in North America, supporting global shipping lines, freight forwarders, customs brokers, transportation carriers, industrial developers, and warehousing companies that manage e-commerce and multinational supply chains. This logistics strength drives a broad network of vendors, construction firms, distributors, and professional service providers that support port-related growth throughout the metro area.

Corporate business activity continues to expand as Newark attracts banks, insurance companies, law firms, health systems, and technology organizations seeking lower operating costs compared with Manhattan. The presence of Prudential Financial, Panasonic, Audible, and major regional hospitals has helped accelerate downtown redevelopment and attract business investment in real estate, cybersecurity, financial services, and digital media. Higher education institutions—including Rutgers University–Newark, NJIT, Seton Hall Law, and Essex County College—play a central economic role by fueling research partnerships, startup formation, digital innovation labs, and talent pipelines for engineering, data science, and life sciences.

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