The following are relevant AICPA Audit and Accounting Guides, Audit Risk Alerts, and Practice Aids:
Audit and Accounting Guides
Government Auditing Standards and Circular A-133 Audits
State and Local Governments
Not-for-Profit Organizations
Audit Risk Alerts
Understanding SAS No. 112 and Evaluating Control Deficiencies
AICPA Practice Aid
Alternative Investments - Audit Considerations
OMB Circular A-133 Entities that receive federal funds are subject to audit requirements that are commonly referred to as Single Audits. Among other things, the Single Audit Act Amendments of 1996 are intended to promote sound financial management, including effective internal control, with respect to federal awards administered by state and local governments and not-for-profit organizations. This section includes the following guidance related to these audits:
Entities that receive federal funds are subject to audit requirements that are commonly referred to as Single Audits. Among other things, the Single Audit Act Amendments of 1996 are intended to promote sound financial management, including effective internal control, with respect to federal awards administered by state and local governments and not-for-profit organizations. This section includes the following guidance related to these audits:
Articles About Single Audit Quality
Office of Management and Budget requires that cognizant federal agencies for audit (as defined in Circular A-133) shall conduct or obtain quality control reviews of selected single audits. Quality control reviews (QCRs) typically involve an examination of the auditor’s work by a federal Office of Inspector General (OIG). Because of the prevalence of QCRs in the current governmental audit environment, the GAQC Executive Committee is providing member firms with tips on navigating through the QCR process. Learn More>>