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More About This Title Audit Risk Alert: Government Auditing Standards and Single Audit Developments: Strengthening Audit Integrity 2017/18
English
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.
English
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.
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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
