Jake W. Lorentz
Jake W. Lorentz is an senior technical manager in the Technical Services Center of the Government Finance Officers Association of the United States and Canada (GFOA) in Chicago, Illinois. He is a senior technical reviewer for Comprehensive Annual Financial Reports submitted to GFOA’s Certificate of Achievement for Excellence in Financial Reporting Program (Certificate Program) which has grown to over 4000 participants each year. Lorentz also provides technical support to state and local governments by answering inquiries on accounting and financial reporting issues. Lorentz has spoken at a number of GFOA national conferences and national training seminars on various accounting and financial reporting topics.
In addition he provides considerable support to GFOA’s standing Committee on Accounting, Auditing, and Financial Reporting (CAAFR). The CAAFR generally responds on behalf of GFOA to due process documents issued by various organizations (e.g., the Governmental Accounting Standards Board [GASB], The Office of Management and Budget [OMB], etc.). Further the CAAFR develops best practices and advisories for consideration and approval by GFOA’s Executive Board on accounting, auditing, and financial reporting topics.
Lorentz has also served as a technical reviewer for a number of GFOA publications. In this capacity he has reviewed all or a portion of the manuscripts for the 2001, 2005, and 2012 editions of GFOA’s Governmental Accounting, Auditing, and Financial Reporting (the “Blue Book”). In addition, he made important contributions to the appendices in those last three “Blue Book” editions for sample journal entries, trial balances, conversion entries, and model CAFR.
Before joining GFOA, Lorentz was assistant director of the Financial Reporting and Analysis Bureau in the Massachusetts State Comptroller's Office where he was part of the management team responsible for the preparation of the Commonwealth's Preliminary Financial Report, Statutory Basis Financial Report and Comprehensive Annual Financial Report. While he was assistant director, the Commonwealth of Massachusetts was awarded the GFOA Certificate of Achievement for Excellence in Financial Reporting for four consecutive years. Lorentz's career also includes holding the positions of assistant project manager with the Governmental Accounting Standards Board (GASB) and audit manager with Peat Marwick. Lorentz received a B.A. in Business Economics (with a concentration in accounting) from the University of Pittsburgh at Johnstown.