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
Published on April 10, 2013
Primary Sources of Single Audit Guidance
Explains the primary sources of AICPA audit standards and guidance regarding single audits, which are; Statement on Auditing Standards (SAS) No. 117, Compliance Audits
Published on June 22, 2011
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 Conferences
Published on October 28, 2010
Federal Agency Requests for Auditor Certifications
...to not sign a certification statement stating that the entity has appropriate controls or financial systems to administer federal programs unless the auditor have performed an appropriate engagement under professional standards
Published on April 10, 2013
Updated Clarity Illustrative Reports - Government Auditing Standards, OMB Circular A-133, U.S. Housing and Urban Develop...
...under Government Auditing Standards, the HUD Audit Guide and OMB Circular A-133 . All have been updated for the clarity auditing standards and the 2011 Government Auditing Standards. Auditors should exercise professional judgment in any situation not specifically addressed
Published on July 01, 2013
OCBOA and Supplementary Information
An article which discusses the reasons that auditors should no longer consider and report on information such as MD&A or budgetary comparison information as RSI when it is included in an OCBOA presentation.
Published on May 08, 2013
GAQC Alert No. 99
The AICPA's Auditing Standards Board posted an exposure draft to its Web site titled, Compliance Auditing. This proposal should be of interest to member firms that perform compliance audits, including audits under OMB...
Published on August 23, 2011
GAQC Alert No. 62
Over the last year, GAQC has received numerous inquiries about how the guidance in SAS No. 112, paragraphs 325.09 – 325.19, on evaluating control deficiencies could be applied in a single audit when the auditor is communicating deficiencies relating to internal control over compliance.
Published on February 04, 2013
Useful Web Site Links
This section includes a compilation of Web sites useful to auditors performing governmental audits.
Published on April 12, 2013
Governmental Audit and Accounting Publications
The AICPA provides numerous publications that are aimed at assisting governmental and not-for-profit accounting and auditing professionals, many of which are listed below. The full listing of AICPA materials is available through CPA2Biz
Published on July 15, 2013