Audit Risk Alert

Government Auditing Standards and Single Audit Developments: Strengthening Audit Integrity 2017/18

Aicpa (Autor)

Buch | Softcover

48 Seiten

2017
American Institute of Certified Public Accountants (Verlag)
978-1-945498-68-8 (ISBN)

Infos

This book focuses on areas of change in audits performed under the Uniform Guidance, highlighting those areas which may be challenging or frequently misunderstood. It also discusses emerging practice issues and current developments related to entities subject to an audit performed under Government Auditing Standards and the OMB Uniform Guidance, and provides information to help you identify significant risks that may affect an audit of entities receiving federal awards. In addition, this alert provides a summary of proposed revisions to Government Auditing Standards as found in the exposure draft to assist you in keeping up to date on the proposed revisions to the Yellow Book.

Autor

Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession's technical and ethical standards. The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.

Inhalt

Government Auditing Standards and Single Audit Developments 2017/18 .01-174


How This Alert Helps You 01-07


Revision to Government Auditing Standards 08-19


Competence 12


Continuing Professional Education 13


Internal Control 14


Quality Control 15


Peer Review 16


Standards for Financial Audits 17


Attestation Engagements and Reviews of Financial


Statements 18


Performance Audits 19


2017 OMB Compliance Supplement 20-24


Federal Agency and Other Activities 25-40


COFAR Disbanded 25-28


Federal Audit Clearinghouse 29-31


Student Financial Aid 32-33


U.S. Department of Health and Human Services (HHS)


Head Start 34-35


CIGIE Guides 36-37


GAO Study on Federal Agency Oversight of Federal


Awards 38-40


Implementing Regulations of Federal Agencies 41-43


Uniform Guidance Effective Dates 44-48


Uniform Guidance Procurement Standards Grace Period Extended 46-48


Uniform Guidance Considerations for Auditees 49-81


Introduction 49-50


Auditee Requirements Related to Internal Control 51-53


Procurement Standards 54-55


Subrecipient Monitoring and Management 56-62


Subpart Indirect (F&A) Costs 63-69


Auditee Requirements in Subpart F 70-81


Performing the Uniform Guidance Compliance Audit 82-97


Internal Control in the Compliance Audit 83-87


Dual Purpose Testing 88-89


Schedule of Expenditures of Federal Awards 90-91


Major Program Determination Under the Uniform


Guidance Determination of Type A Major Programs 92-96


Schedule of Findings and Questioned Costs 97


Audit Quality Study 98-106


What Can Auditors Do to Enhance Audit Quality? 100-106


Enhancing Audit Quality Initiative 107-110


Audit Deficiencies Found in Single Audits 111-115


Summary of Matters Found in Recent Peer Reviews 112-115


Audit and Attest Developments 116-123


Clarified Attestation Standards Effective 116-118


AICPA Competency and Learning Website 119-123


AICPA GAQC 124-135


AICPA Single Audit Certificate Programs 136-137


AICPA Not-for-Profit Initiatives 138-143


NFP Member Section 139


NFP Certificate Programs 140-143


On the Horizon 144-149


Federal Audit Clearinghouse Single Audit Pilot Project 147-149


Resource Central 150-174


Publications 151-153


Continuing Professional Education 154-155


Webcasts 156-157


Industry Conferences 158-162


Member Service Center 163-166


The Center for Plain English Accounting 167


AICPA Online Professional Library: Accounting and


Auditing Literature 168


Financial Reporting Center of AICPA.org 169-170


AICPA Industry Expert Panels 171-172


Industry Websites 173-174

Produkt-Details

• Erscheinungsdatum: 29.11.2017
• Reihe/Serie: AICPA
• Verlagsort: NC
• Sprache: englisch
• Maße: 160 x 226 mm
• Gewicht: 76 g
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• ISBN-10: 1-945498-68-4 / 1945498684
• ISBN-13: 978-1-945498-68-8 / 9781945498688
• Zustand: Neuware