GAQC member only conference calls are held periodically, at no cost to members, and feature topics to assist you in ensuring governmental audit quality. Registration and dial-in information on upcoming conference calls are announced via GAQC Alerts. All calls are archived on this Web page for convenient member access. During the live conference calls, participants send questions via e-mail to the presenter, who then reads and answers questions within the allotted time. All questions received during the call are posted to the GAQC Member Discussion Forum. We encourage you to visit the forum to view questions and answers and post additional follow-up questions.

We welcome your feedback and suggestions for future conference call topics, please send them via e-mail.

Implementing the Risk Assessment Standards in a State or Local Government Financial Statement Audit Conference Call

The purpose of this archived call is to provide you with more industry-specific guidance on implementing the risk assessment standards. The call includes a review of the overall objectives of the new standards, focusing on what is actually changing as opposed to what is simply being “re-explained.”  Additionally, the call addresses practical implementation guidance, focusing on providing practice aids and tools to assist in the understanding of the requirements and the proposed “flow” of an audit performed in accordance with these standards. After completing this archived call, participants should be able to gauge how much of an impact these standards will have on them from an audit perspective.  Learn More>>

NPO Endowments: Enhanced Disclosures and UPMIFA Accounting Guidance Conference Call

Application of SAS 112 in a Single audit

There has been much focus on the application of Statement on Auditing Standards (SAS) No. 112, Communication of Internal Control Related Matters Identified in an Audit (AICPA, Professional Standards, AU sec. 325), in financial statement audits. However, we have heard much less "buzz" from auditors on the implications and application of SAS No. 112 in a single audit. This call will help ensure that GAQC members are aware of all recently issued guidance and have an opportunity to hear first-hand the latest information on SAS No. 112 in a single audit. Learn More>>

An Overview of the New AICPA Risk Assessment Standards
This archived forum, sponsored by the PCPS, will provide a general overview on understanding and implementing the Risk Assessment Standards, and will provide an excellent opportunity to educate yourself and your staff about this important new guidance.  Learn More>>

An Overview of the Results of the National Single Audit Sampling Project
The federal study on the quality of audits performed under Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, was released on June 22, 2007. This archived call will help you in understanding the results of the study and determining whether any of the deficiencies cited in the report may impact the planning of your future engagements or your current audit methodologies and documentation practices. Learn More>>

Developing a Successful Audit Niche Practice

Listen to this archived conference call to learn how to apply strategic insight and strong marketing execution to ensure the success of your niche governmental or employee benefit plan audit practice. This free member-only conference call will discuss the keys to developing and growing your specialty audit practice.  Learn More>>

What You Should Know About the 2007 Revision of Government Auditing Standards To help GAQC members understand 2007 revision of Government Auditing Standards (also known as the Yellow Book), the GAQC hosted a member-only conference call titled, What You Should Know About the 2007 Revision of Government Auditing Standards. During the call, GAO staff discussed the new Yellow Book and related quality control/peer review ED, highlighted the significant provisions of each, and provided answers to participant questions. Learn More>>

Impact of SAS 112 on Governmental Financial Audits 

If you are concerned about how the requirements of the Statement on Auditing Standards (SAS) No. 112, Communicating Internal Control Related Matters Identified in an Audit will affect your governmental financial audits, then you should listen to this GAQC sponsored conference call. We selected this topic, because SAS No. 112 seems to be generating many questions. The speaker presented key information on understanding the provisions of this new standard and answered many questions from members. Further, the call covered the status of the upcoming expected revisions to Government Auditing Standards to adopt the provisions of SAS No. 112 and an update on an ongoing project between the AICPA and the U.S. Office of Management and Budget (OMB) to determine how SAS No. 112 will affect audits performed under OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations.  Learn More>>

What You Should Know about Recent Proposed FASB NPO Exposure Drafts on Accounting for Mergers and Acquisitions
If your firm audits not-for-profit organizations (NPOs), including NPO healthcare entities, you should be aware that the Financial Accounting Standards Board (FASB) recently issued two Exposure Drafts (EDs) intended to improve the accounting and disclosures for mergers and acquisitions (M&A) by NPOs. Because these EDs could impact your NPO clients, the GAQC hosted a member only conference call on December 6, 2006. The main purpose of the call was to provide member firms with a summary of the significant proposed changes to financial accounting requirements and to allow participants to ask questions about the EDs. Learn More>>

Avoiding the Most Common Single Audit Deficiencies

Single audit quality is regularly being scrutinized by federal agencies  and the National Single Audit Sampling Project. Feedback about common deficiencies from federal agencies and the AICPA peer review program is available. From that feedback, we have identified some of the most common OMB Circular A-133 audit deficiencies. This call will focus on the most common single audit deficiencies and provide training suggestions, guidance, and resources available to prevent the deficiencies. Learn More>>

Avoiding Data Collection Form Problems

One very important aspect of the single audit process is the completion and submission of the DCF to the Federal Audit Clearinghouse (the Clearinghouse). The Clearinghouse has indicated that while the error rate relating to the form has gone down over the years, there continue to be common errors. The main purpose of this call is to provide you with timely information to help ensure that you avoid making common DCF errors and to provide you with preparation and internal review tips. Learn More>>

Evaluating and Reporting Audit Findings

This conference call was held on January 11, 2006, and will help you determine what findings need to be reported, where they need to be reported, and the appropriate format of the finding write-ups under Government Auditing Standards and Office of Management and Budget (OMB) Circular A-133. These areas are often cited by federal audit quality control reviews as needing improvement. Learn More>>

New DHS Programs Included in OMB's 2005 Compliance Supplement

If your firm performs single audits of governments or not-for-profit organizations (NPOs) that have expended federal awards from the U.S. Department of Homeland Security (DHS) during the past year, you should listen to this conference call, which was held on July 27, 2005. Implementing the new DHS guidance will be one of the more challenging and complex areas in your single audits, particularly as it relates to determining major DHS programs. Learn More>>