Michael A. (Mike) Crawford

Michael A. (Mike) Crawford is Chairman of Crawford & Associates

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
Mike

Mike

Michael A. (Mike) Crawford is Chairman of Crawford & Associates and has over 37 years of experience working in the practice area of state and local government accounting, auditing and consulting. He is currently retired from active practice with the firm, but continues to serve as a consultant and advisor to the firm and its clients and as an award-winning author and frequent public speaker.


 

Posted by on in Laws Chat

The 2018 Legislative session has come to an end and with brings a few changes to municipal finance state laws.  The summary below is prepared from the OML Sine Die Document.  You can access the entire Sine Die document with links to each bill on the Oklahoma Municipal League website.  

HB 1019XX – Creates a new law under Title 68 O.S. Section 1391 requiring marketplace facilitators and referrers who meet certain sales thresholds to file an election with the OTC to collect and remit sales tax imposed under Title 68.

HB 3347 - Amends Title 11 O.S. Section 17-208 by expanding the notice of a public hearing on a  proposed municipal budget to include posting “on the municipality’s website” in addition to a newspaper of  general circulation in the municipality not less than five (5) days before the date of the hearing. The bill also removes current law regarding the limited publication requirements for small municipalities when the total operating budget, not including debt service, does not exceed $12,000 per year. Under current law, for these small communities the proposed budget and notice may be posted at the governing body’s principal headquarters in lieu of publication in a newspaper. The bill takes effect on November 1, 2018.

SB 1042 - Amends 11 O.S. Section 17-105.1 regarding required auditor filings with the State Auditor and Inspector who may contract for the “preparation” and reporting of the information submitted on the annual municipal finance survey  form. Previous law required a “compilation" rather than “preparation”. Effective November 1, 2018.

Continue reading
Hits: 367
0

Posted by on in Crawford Chat

b2ap3_thumbnail_2017ServiceDay.jpg

Crawford & Associates was proud to have the opportunity to participate in this year's OSCPA CPA Day of Service, an annual event designed for CPAs and CPA firms to give back to their communities by volunteering for a variety of important causes. Once again in 2017, the Crawford group was excited to help out with setting up the OKC Bricktown Chevy Events Center for Project 31's annual Paint the Town Pink Gala held on October 20 honoring breast cancer survivors and the families. Pictured above are this year's volunteers (from left to right) Brenda Wright, Dwayne Tate, Justin Kersey, Mike Crawford, Marcy Twyman, Wendy Moore and Tammy Hunt. Our thanks go out to Sarah at Project 31 for allowing us to help out again and to each of the Crawford staff that were able to volunteer.

Continue reading
Hits: 1224
0

b2ap3_thumbnail_Speakers-DM-and-CPA-Pres.JPGb2ap3_thumbnail_Reception-1.JPG

Crawford & Associates was blessed with the opportunity to once again return to lovely San Juan, Puerto Rico and conduct the 2017 Crawford Government Learning Program, co-sponsored by the Puerto Rico Society of CPAs and the local firm of CPA Diaz Martinez. This two-day conference was filled with a variety of state and local government accounting and auditing training sessions in addition to an interactive session on Professional Ethics and Moral Behavior. Speaking at the conference this year were Frank Crawford, Mike Crawford, Marcy Twyman, Brenda Wright and Chris Pembrook. The Crawford & Associates gang were also treated to an evening reception with the group to enjoy drinks and island goodies on the terrace of the Sheraton Old San Juan. Our thanks go out to our great friends at CPA Diaz Martinez, especially Soane for all her help, and to the CPA Society for hosting us once again! It also didn't hurt that the rest of the Crawford & Associates work family joined us after the conference for a week-long cruise of the Southern Caribbean leaving out of San Juan!

Continue reading
Hits: 1825
0

b2ap3_thumbnail_Project31.jpg

On October 21, 2016, the Crawford & Associates staff participated in the Oklahoma Society of CPA's annual Day of Service - an annual statewide outreach event where CPA's around the state take some time off to volunteer for a variety of worthy causes. This year, we were fortunate enough to have the opportunity to assist in the event set up for the 2016 Project31 - Breast Cancer Survivor Gala held in Oklahoma City. Project31 was created by two-time breast cancer survivor Sarah McLean to help women and their families work through the emotional scars left behind by breast cancer. Participating in the volunteer effort from the firm and pictured above with Sarah from left to right were Justin Kersey, Candy Dow, Mike Crawford, Andrea Depee, Debbie Crawford (a breast cancer survivor), Andres Nunez, and Marcy Twyman. Thanks to the OSCPA, Sarah and Project31, and the Crawford & Associates staff who were part of this rewarding endeavor.

Continue reading
Hits: 2116
0

b2ap3_thumbnail_HOFChuckMike_20160919-141346_1.jpg

In September 2016, Crawford & Associates' retired Chairman, Mike Crawford was inducted into the Oklahoma Hall of Fame for City and Town Officials in recognition of his contributions to the betterment of municipal government in the State of Oklahoma. The Hall of Fame was formed in 1999 to recognize individuals for outstanding achievements and contributions to Oklahoma local government. To be selected, an honoree must make significant contributions to cities and towns, through their positive spirit of public service, with unquestioned ethics. Mike was honored for having been instrumental in the development and passage of many of the state laws applicable to Oklahoma municipalities, including the Municipal Budget Act, and for his long-term efforts to educate and train city and town clerks, treasurers and financial officials. He is the first CPA to be inducted into the Oklahoma Hall of Fame for City and Town Officials. Click here to see the Induction Ceremony booklet reference to Mike.

Continue reading
Hits: 1299
0

On July 7, 2016, the USA Today published an article entitled Puerto Rico Debt Crisis is a Lesson for Guam. One of the sources of information used in the article was Crawford & Associates Performeter® financial analysis tool. Each year, the firm prepares a Performeter® analysis on the financial health and performance of the various nations and territories that comprised the former trust territories of the US. This financial analysis by the firm is used by the US Department of Interior to assist them in monitoring the financial management of these nations and territories. We are proud to be a part of the financial management process of these entities and also proud to see The Performeter® being effectively used in the process.

In August 2016, Performeter® results were also the basis for two news articles in Saipan and the Commonwealth of Northern Mariana Islands regarding the financial health and performance of the CNMI government. Click here to see these articles.

Continue reading
Tagged in: Performeter |
Hits: 1329
0

b2ap3_thumbnail_2015PACover.jpg

The American Institute of Certified Public Accountants has released the latest edition of the Practice Aid Applying Special Purpose Frameworks in State and Local Governmental Financial Statements authored by firm Chairman Mike Crawford. Mike authored the original Practice Aid (formerly titled Applying OCBOA in State and Local Governmental Financial Statements) in 2003 and updated the Aid in 2012 and now again in 2015. The Practice Aid provides accounting, financial statement preparation and auditor reporting guidance for governmental entities electing or required to apply a special purpose framework, such as cash basis, modified cash basis or regulatory basis of accounting in the preparation of their financial statements.

The 2015 edition of the Practice Aid is available for purchase from the AICPA Store.  

Continue reading
Hits: 1651
0

Posted by on in Crawford Chat

b2ap3_thumbnail_FoodBank2015.jpg

The Crawford & Associates staff were pleased to participate in the OSCPA 2015 CPA Day of Service this past October. While our involvement was not as we had planned, we were nonetheless pleased to be able to contribute to this statewide effort. Our staff was scheduled to work on the designated day of service at the OKC Regional Food Bank similar to last year where we would help prepare meals; however, we were contacted the day previous to our scheduled work day and informed the Food Bank had to unexpectedly close that day. That did not deter us though from getting involved in another way. We went out and purchased over 60 pounds of cereal and then dropped the boxes by the Food Bank. Thanks to the OSCPA for coordinating this annual event and giving statewide CPAs the opportunity to get involved in community service statewide.

(Pictured above from left to right: Dwayne Tate, Tammy Hunt, Mike Crawford, and Chris Pembrook) 

Continue reading
Hits: 1857
0

Posted by on in Crawford Chat

Firm Chairman, Mike Crawford has just established a new web site at www.livingalifeworthliving.com whose mission is to educate and encourage individuals in living a life worth living through consistent application of a core set of moral principles. This web site is a natural follow up to his long-standing ethics presentation of the same title that has been in high demand and well received over the past ten years. The site contains a number of helpful educational resources and shares inspirational stories and quotes to encourage moral behavior in everyday life.

The site also introduces the Others B4 Self recognition program designed to formally recognize and applaud individuals who have shown random acts of kindness or consistently demonstrated compassion by putting the interest and welfare of others ahead of their own. Nominated individuals receive an Others B4 Self silicon bracelet and a special thank you card from the program as a token of appreciation. CLICK HERE to participate in this inspirational initiative by nominating a deserving individual.

b2ap3_thumbnail_OBS_Final_72.jpg

Check out the new web site, share inspirational stories and get involved with the Others B4 Self program. 

Continue reading
Hits: 2072
0

b2ap3_thumbnail_Frank2015AICPAConf.jpg

Crawford & Associates President Frank Crawford is slated to be one of the featured speakers at this year's AICPA Governmental Accounting and Auditing Update Conference. As is the case each year this popular AICPA conference will be held in two locations: East - August 10-11 in Washington, DC, and West - September 29-30 in San Diego, CA. The conference theme this year is Building Confidence - Taking on Important Governmental Accounting, Auditing and Regulatory Developments. Those interested in attending the conference may obtain more detailed information and register at the AICPA web site - www.aicpa.org.

 

Continue reading
Hits: 1758
0

b2ap3_thumbnail_PRConf2.jpgb2ap3_thumbnail_PRConf1.jpg 

(Pictured: Left: representatives from Crawford & Associates, Cotton & Company, and CPA Diaz-Martinez. Pictured Right: CPA Soane Diaz-Burgos - Conference Host; CPA Frank Crawford - President of Crawford & Associates; and CPA Kermit Lucena - President of the Puerto Rico Society of CPAs)

The first annual Crawford & Associates Government Learning Program was held on May 28-29, 2015 at the San Juan Marriott and Stelaris Casino in beautiful San Juan, Puerto Rico. The two-day governmental accounting and auditing conference, a joint venture between Crawford & Associates and the Puerto Rico Society of CPAs, was a great success and attended by approximately 100 CPAs and others interested in governmental affairs related to accounting, auditing, financial reporting and fraud prevention and detection. Presenters included David Cotton of Cotton & Company, and from Crawford & Associates - Mike Crawford, Frank Crawford, Marcy Twyman, Brenda Wright, Dwayne Tate, Chris Pembrook and Justin Kersey.

"The Puerto Rico Association of CPAs, as part of its commitment to the economic welfare of our country, has spared no resources in their selection of topics for these seminars on government affairs, bringing a group with unquestionable expertise. As professionals with an interest in quality and ethics, we wish to provide guidance to our colleagues and the community, equipping them for performance with the highest standards," said CPA Kermit Lucena, President of the Puerto Rico CPA Society.

 

Continue reading
Hits: 1746
0

b2ap3_thumbnail_PRBoatTrip.jpgb2ap3_thumbnail_PRUnderwater.jpgb2ap3_thumbnail_PRJustinDwayne.jpg

Thanks to our wonderful Puerto Rico friends and hosts, the great people at CPA Diaz-Martinez, the Crawford & Associates staff and friends were treated to a fabulous day on the Caribbean sea on the Saturday following the 2015 Crawford & Associates Government Training Program conference. A catamaran ride to an exclusive island with swimming and snorkeling over a reef provided the perfect end to a great week in San Juan! Even had sting rays and a barracuda join us. Also looks like Justin and Dwayne were having too much fun posing with their pretty hats! We can't thank our dear friends in Puerto Rico enough for a great experience!

Continue reading
Hits: 1389
0

The Oklahoma Society of CPAs held its 2015 Governmental Accounting & Auditing Conference on May 11 - 12, 2015 at the Embassy Suites Hotel and Conference Center in Norman, OK. Once again this year the conference featured a number of Crawford & Associates professional staff, including Frank Crawford, Mike Crawford, Chris Pembrook, and Marcy Twyman, presenting sessions on pension accounting, AICPA issues update, financial statement consistency, and deficiencies in cash basis financial statements. The conference offered 16 hours of governmental CPE and continues to be one of the most well attended and well received conferences of the OSCPA.

 

Continue reading
Hits: 1898
0

The Governmental Accounting Standards Board (GASB) has issued its final standard on accounting and financial reporting issues related to fair value measurements. This standard (GASB Statement 72, Fair Value Measurement and Application) is applicable primarily to investments made by state and local governments and defines fair value and describes how fair value should be measured, identifies the assets and liabilities that should be measured at fair value, and requires specific information about fair value to be disclosed in the financial statement footnotes.

This Statement defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The new standard also expands note disclosures to categorize fair values according to their relative reliability.

Statement 72 is effective for financial statements for periods beginning after June 15, 2015, and earlier application is encouraged. More information about the GASB and Statement 72 is available from the GASB web site.

Continue reading
Hits: 3317
0

b2ap3_thumbnail_PRBeach.jpg

Crawford & Associates P.C. and the Puerto Rico Society of CPAs are proud to announce their joint venture in sponsoring and presenting the 2015 Government Learning Program conference. This is the first annual conference of its type and promises to be a unique and fun learning experience offering 16 hours of continuing professional education, in a special setting that offers wonderful tropical weather, ocean views and Puerto Rican hospitality. The conference will be held May 28 and 29, 2015 in beautiful San Juan, Puerto Rico at the fabulous San Juan Marriott Resort & Stellaris Casino. The two-day conference will be an interactive learning program where program participants work in teams or groups to learn the latest in governmental accounting, auditing, fraud prevention and detection, and ethics. The 2015 Government Learning Program is open to all governmental accountants, auditors and officials both inside and outside of Puerto Rico.  

For more information about the conference, including session schedules, instructors, and conference and hotel information, Click Here. For additional detail session description information, Click Here.

For hotel reservations, Click Here, and ask for the group rate of the CPA Society Group May 2015 or Colegio de CPA Group May 2015.

We hope to see all of you at this fun and educational event!

Continue reading
Hits: 2714
0

Posted by on in Laws Chat

Have you ever been confused about the legal and operational relationships between Oklahoma public trusts (commonly referred to as authorities) and their municipal beneficiary? Mike Crawford has prepared a white paper entitled Oklahoma Municipalities and Their Public Trusts that provides useful information in a question and answer format to help bridge this gap in understanding. The white paper covers such issues as why municipal public trusts were created by law, how they are created, the separation of formal actions and accountability between public trusts and their beneficiary municipality, governing body differences between the two separate legal entities, and operational and financial management similarities and differences. This white paper is available for viewing and download from the Useful Tools page of our web site under the section entitled Legal.

Continue reading
Hits: 2459
0

Posted by on in Crawford Chat

The Oklahoma Municipal League's annual Budget Process Workshop for 2015 was held on Friday, January 30 at Rose State College. Crawford & Associate's managing shareholder Marcy Twyman annually shares her vast budget experiences and municipal financial management expertise with a large number of municipal officials. This annual training program is one of OML's  most popular workshops. Information about this annual workshop is available through the OML web site.

b2ap3_thumbnail_OMLmarcyteaching.png

Continue reading
Hits: 1431
0

Posted by on in Crawford Chat

Beginning in 2014 and over the next couple of years, the Oklahoma Society of CPAs will be publishing in their CPA Focus magazine a series of inspirational articles written by Mike Crawford entitled The Ten Principles for a Happy Life and Career. The first article entitled "Don't Rule Out Principles" discussed the importance of living life by certain core principles rather than just a vast array of rules. The following ten articles to be published one every two months will outline each of the ten principles that Mike feels have been instrumental in leading him through his happy life and successful career. These articles can be viewed as published as posted in the Authored Articles section of the firm's web site.

Continue reading
Hits: 1182
0

Over a five year period from 2004 through 2009, the Oklahoma Society of CPAs published in their CPA Focus magazine a series of humorous articles written by Mike Crawford. The series entitled A Funny Thing Happened on the Way to Work provided a history of the funny and unusual adventures or misadventures of Mike and sometimes his brother Frank as they grew up and eventually began travelling the world as part of their professional activities. These stories have, over time, become legendary within the firm's national and international public speaking circles. In 2010, Mike was given a special award from the Oklahoma Society of CPAs for writing this humorous series of articles and bringing laughter to those with whom he shared his stories. These articles have been posted and can be viewed within the Authored Articles section of the firm's web site.

Continue reading
Hits: 1288
0

Posted by on in Crawford Chat
  • Congratulations to our new CFA, Chris Pembrook, CPA who has successfully passed the program requirements to achieve the status as a Certified Forensic Accountant. Way to go Chris!
  • See our unique office decor by stopping by the corporate headquarters of Crawford & Associates to experience our unique office that doubles as a rock and roll museum and memorial to classic rock. Click here to view 
  • OSCPA writes feature article, CPA's Rock Stock Climbs, about Mike Crawford's rock and roll memorabilia collection and the firm's unique office decor. Click here to read
Continue reading
Hits: 1164
0

Blog Archive

Latest Posts

2018 Oklahoma Legislative Update
Laws Chat
The 2018 Legislative session has come to an end an...
Continue Reading...
2017 Legislative Session
Laws Chat
Another  legislative session has come to an e...
Continue Reading...
GASB Updates
Accounting Chat
A “lot of water has gone under the bridge”, so to ...
Continue Reading...