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Recovery Act Resource Center 

The AICPA Governmental Audit Quality Center (GAQC) helps member CPA firms meet the challenges of performing quality audits. The passage of the American Recovery and Reinvestment Act of 2009 (Recovery Act) is certain to result in new challenges for auditors that perform audits under Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. This GAQC Resource Center is intended to provide members with a “one-stop” repository location to more easily locate various GAQC Recovery Act communications, other related GAQC tools and resources, and links to other Web sites that may provide information to assist auditors going forward. Keep in mind that the Center will continue to push timely information and updates out to member firms via GAQC Alerts, GAQC Updates, and Center calls.

If you are not a member firm and would like to learn more about membership in the GAQC, click here.

GAQC Tools

OMB Guidance on the Recovery Act

Other Useful Web Sites, Tools, and Information

Background

The Recovery Act, issued in early 2009, is capturing news headlines around the country. Approximately $300 billion dollars in additional federal funds are being passed down from federal agencies to entities that are generally subject to single audit such as state and local governments and institutions of higher education. These federal funds are intended to either supplement existing federal programs (e.g., existing block grants for states), create new programs, or to provide more broad fiscal relief. In some cases, the funds will be passed directly to states or institutions of higher education and spent at that level. In other cases, direct recipients of Recovery Act federal funds will pass the funds through to subrecipients such as local governments or not-for-profit organizations. For this reason, the law mandates that there be an unprecedented amount of oversight and transparency around the spending of all funds associated with the law. Single audits will be impacted starting with June 30, 2009, year-ends, with more of an effect expected for single audits of year-ends thereafter. 

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AICPA Sends Congress Recommended Legislative Changes to New Partnership Audit Regime

Press Release The AICPA has submitted to Congress a set of recommended legislative changes to the new Partnership Audit Regime enacted as part of the Bipartisan Budget Act of 2015.
Published on November 17, 2017

Expert Panel - Insurance

Article The Insurance Entities Expert Panel serves to protect the public interest and serves the needs of AICPA members on financial reporting and audit services for insurance entities by bringing together knowledgeable parties in this specialized area. This page contains additional information about the panel.
Published on December 06, 2016

Personal Financial Planning

Overview An overview of the Personal Financial Planning Division.
Published on December 06, 2016

Bob Veres Media Reviews

Newsletter Bob Veres Media Reviews service summarizes the contents of three or four professional magazines each month, with direct links so you can go straight to the articles that interest you.
Published on December 06, 2016

Financial Services Reform

News Stay up to date on legislative and regulatory issues relating to financial services reform.
Published on December 06, 2016

Retirement Planning

Overview Learn about the retirement planning services you can offer to provide peace of mind for your clients.  Help your clients evaluate and select strategies that are the best fit.
Published on December 06, 2016

Media Reviews - December 1-7, 2016

Article In this issue of Bob Veres Media Reviews you will find a summary of articles from the Financial Planning magazine including "Future Ready”, "Secret Formula to Setting Fees" and much more!
Published on December 06, 2016

Peer Review - Home

Overview On the home page of the Peer Review Interest Area, you can find links for peer reviewers, CPA firms, the public and information and resources related to peer review.
Published on December 06, 2016

Reviewer Alert

Overview Access Peer Review top news in the Reviewer Focus.
Published on December 06, 2016

IMTA Interest Area Volunteer Opportunities

Overview This page offers an overview of the AICPA's IMTA Division task forces.
Published on December 06, 2016

IMTAs 2016 Standing Ovation Recognition Program

Member Profile Read about one of IMTA's Standing Ovation Recipients
Published on December 06, 2016

FVS News & Publications

News Access all of our current and archived member publications that provide guidance on current and emerging developments from the Forensic and Valuation Section.
Published on December 06, 2016

Small Firm Solutions Newsletter

Overview Small Firm Solutions, a PCPS online publication,  cover news, topics and developments realting to practice management, auditing, accounting, small firms and more.
Published on December 06, 2016

Engaging Employees at a Festive Time of Year

Article The December issue of the Small Firm Solutions e-newsletter provides ideas on how to engage employees during the holidays and before busy season. AICPA Vice President of Small Firm Interests, Carl Peterson, outlines tips for employee engagement and highlights the PCPS 10 Initiatives for Employee Engagement, as well as, the
Published on December 06, 2016

Small Firm Solutions (Archived articles - 2016)

Overview This archive page contains past 2016 Small Firm Solution articles written to help sole practitioner and small firm members make the most of their opportunities and keep track of important new developments in the profession.
Published on December 06, 2016

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