Audit Risk Alert (eBook)

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

eBook Download: PDF

2017 | 1. Auflage
48 Seiten
John Wiley & Sons (Verlag)
978-1-119-47752-5 (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

• Erscheint lt. Verlag: 9.10.2017
• Reihe/Serie: AICPA
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• Schlagworte: Accounting • Accounting Special Topics • Rechnungswesen • Spezialthemen Rechnungswesen
• ISBN-10: 1-119-47752-2 / 1119477522
• ISBN-13: 978-1-119-47752-5 / 9781119477525