Government Briefs - 2012 

COSO Internal Control Integrated Framework & GAO Internal Control Updates (August) Effective internal control helps organizations manage change and cope with evolving demands and competing priorities. In today's economic climate, there has been a lot of change—evolving demands, and competing priorities and pressure is on government entities to improve operational processes and implement new technological developments with less resources.  As a result, government managers must continually assess and evaluate their internal controls. This brief discusses the COSO Internal Control Integrated Framework & GAO Internal Control Updates and their relationship to government entities
The Federal Accounting Standards Advisory Board (August) For more than 20 years, FASAB has been a new Government Accounting Standards-Setter. This brief discusses the importance of FASAB, why and how did FASAB come into being, what standards has FASAB issued, and what FASAB is doing today.
Increasing Government Accountability: The
Benefits of Tracking Subcontracts
Over the past decade, the internet has created a vehicle for federal, state, and local government operations to become more transparent, particularly in the area of spending taxpayer dollars. Transparency within the government subcontracting process is important because it decreases the likelihood that contractors will engage in waste and/or fraud. This brief discusses how transparency reduces corruption and promotes fiscal responsibility.
Vendor Integrity:
Online Research
Prior to contracting with a vendor, government agencies must make a determination that the vendor that it wishes to do business with is “responsible.” The AICPA government-accountability brief "Vendor Integrity: Online Research" discusses the  key areas to be reviewed as part of vendor responsibility determination.
Proactive Detection of Improper Payments (January) The AICPA government-accountability brief "Proactive Detection of Improper Payments" summarizes how government auditors are incorporating computer-based deductive detection into their work to identify improper payments. Deductive detection involves determining which types of payments can occur in a particular situation, then using technology to determine whether the payments do exist. With increased emphasis on early detection of fraud, waste and abuse, governmental auditors should consider adding this approach to their tool kit.


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