Auditee Resource Center

    Auditee Resource Center 

    [GAQC Members read GAQC Alert #202 for more information about the Auditee Resource Center and an example client communication.]

    Welcome to the AICPA Governmental Audit Quality Center (GAQC) Auditee Resource Center.  While the GAQC is a voluntary membership center intended primarily to assist CPA firms and state audit organizations (SAOs) in improving their audit quality, this section of the GAQC Web site it intended for procurers of audit services (i.e., auditees).   Information found on this section of the site relates to auditees that are required to undergo audits performed under Government Auditing Standards (also referred to as the Yellow Book).  Those audits include financial statement audits of governments and not-for-profits (NPOs); Yellow Book audits; and compliance audits including audits performed under Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations (referred to as single audits), Department of Housing and Urban Development (HUD) audits, and other compliance audits of for-profit entities. 

    Why a Focus on Auditees?

    While auditors are ultimately responsible for providing high quality audit services, the GAQC recognizes that auditees play a key role in the audit process and are an important factor in the audit quality equation.  Well informed auditees with strong governance structures increase the likelihood of high quality audits and more efficient audits. Why?  Experience has shown that these auditees generally spend more time considering the qualifications of a potential auditor during the hiring process and evaluating the reasonableness of an auditor’s anticipated hours in relation to the proposed fee based on the work to be performed.  Further, these auditees have a stronger understanding about the audit requirements that apply to them; are better prepared for their audits; and more clearly understand their role in the audit process.  It is for all of these reasons that the GAQC is providing this Auditee Resource Center.

    What is Included in the Auditee Resource Center?

     The Auditee Resource Center includes information, tools, practice aids, and other resources that should be of interest and benefit to auditees.  Additionally, everything available in the Auditee Resource Center is open to the public.  Some of the information included here includes resources that the GAQC also makes available to its auditor members.  Further, other auditee-specific resources have been developed and posted here and more will be added on a go-forward basis.  The following are among the items included in the Auditee Resource Center:
    • Why Audit Quality is Important for Auditees?  This section of the Resource Center covers why auditees should be concerned about audit quality.  It also covers factors affecting audit quality and provides auditees with steps they can take to contribute to receiving a quality audit.
    • Audit Tools, Practice Aids, and Other Resources. This robust section of the Auditee Resource Center includes links to a number of resources available to auditees that relate to single audits, Yellow Book audits, other compliance audits, and financial statement audits of governments and NPOs.  Resources include practice aids, archived GAQC Web events, GAQC Alerts, and more.
    • AICPA Audit and Accounting Guides and Other Publications.  The AICPA publishes audit and accounting guides for a variety of industries, including NPOs, state and local governments, and recipients of federal awards. Much of the guidance in these guides is relevant to auditors, as well as auditees. There are also other publications that may be of interest to auditees, such as toolkits for audit committees of governments and NPOs.  Links to how auditees can obtain these publications are found in this section.
    • Helpful Web Links.  This section includes a compilation of Web sites useful to auditors and their auditees.

     

     

    Determine If Your Auditor is a GAQC Member  

    GAQC members demonstrate their commitment to audit quality by agreeing to adhere to certain membership requirements that are designed to promote quality practices.  Are you curious about whether your auditor is a member?  If so, it is easy to find out.  Click here to access the member listings for both member firms and SAOs.  Alternatively, if you are in the process of looking for an auditor, these member listings will provide you will members whose main offices may be in your area. 

    AICPA Gov/NFP CPE Catalog  

    Product ImageGovernment & Not-for-Profit section of the AICPA self-study CPE catalog.  This handy catalog provides specific information on AICPA products for Governmental and Not-for-Profit accounting and auditing professionals.  In it you will find information about self-study courses, web events, conferences and publications on such topics as single audit, GASB, FASB, HUD, Fraud, and much more. Click here to view and download.

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    Auditee Tools, Practice Aids, and Other Resources

    Article Resources made available by the GAQC to assist auditees in understanding the audit process and being better prepared for annual audit requirements.
    Published on April 03, 2014

    Procuring Governmental Audit Services

    Practice Aid This practice aid was prepared by the AICPA’s Governmental Audit Quality Center (GAQC) and is intended for the various stakeholders involved in the audit procurement process for states, local governments, not-for-profit organizations (NPOs), or certain forprofit organizations that receive federal or state assistance. It provides useful information in navigating through
    Published on March 26, 2014

    Internal Control Information

    Article The AICPA Governmental Audit Quality Center (GAQC) provided feedback to the Government Accountability Office (GAO) on the 2013 Exposure Draft (ED) of Standards for Internal Control in the Federal Government (Green Book).  Access the comment letter.  The Green Book establishes internal control standards for federal agencies.  Additionally, the Green Book
    Published on March 05, 2014

    Financial Statement Tools, Practice Aids, and Other Resources for Auditees

    Article This section includes resources the GAQC provides to its auditor members relating to financial statement audits of governments and not-for-profit organizations.  This information should also be of interest to auditees
    Published on March 04, 2014

    AICPA Green Book 2013 ED Comment Letter

    Comment Letter The letter to the Government Accountability Office (GAO) on the 2013 Exposure Draft (ED) of Standards for Internal Control in the Federal Government (Green Book)  supports the GAO’s efforts to update the Green Book to reflect major changes in the accountability and financial management profession and to emphasize specific considerations
    Published on February 20, 2014

    Questions and Answers for Auditees The New 2013 Data Collection Form and Federal Audit Clearinghouse Web Site

    FAQ Questions and Answers for Auditees: The New 2013 Data Collection Form and Federal Audit Clearinghouse Web Site
    Published on January 07, 2014

    CLIENT COMMUNICATION NEW DATA COLLECTION FORM AND FEDERAL AUDIT CLEARINGHOUSE SYSTEM

    Article CLIENT COMMUNICATION – NEW DATA COLLECTION FORM AND FEDERAL AUDIT CLEARINGHOUSE SYSTEM
    Published on January 02, 2014

    Single Audit Tools, Practice Aids, and Other Resources for Auditees

    Article Resources made available by the GAQC to assist auditees in understanding the audit process and being better prepared for annual audit requirements.
    Published on September 25, 2013

    Other Compliance Audit Tools, Practice Aids, and Other Resources for Auditees

    Article The GAQC has prepared a summary of the various federal audit guides applicable to for-profit entities for its auditor members. This summary includes links to access the various guides, high level notes on the type of engagement to be performed, and links to any related guidance that the GAQC has
    Published on April 23, 2013

    Single Audit Tools Practice Aids and Resources for Federal Assistance Recipients Auditees

    Tools Resources made available by the GAQC to assist auditees in understanding the audit process and being better prepared for annual audit requirements.
    Published on April 02, 2013

    GAQC Archived Web Events for Auditees

    Article The GAQC periodically provides member only Web events featuring topics to assist auditors in ensuring governmental audit quality. As a public service to improve all governmental audit quality and to educate auditees, some GAQC member only Web events are available to the public. The titles listed below are all open to auditees.
    Published on December 13, 2012

    Yellow Book Tools, Practice Aids, and Other Resources for Auditees

    Article In this section of the Auditee Resource Center, the GAQC is making available to auditees, many of the Yellow Book resources it has provided to auditors.
    Published on September 17, 2012

    Why Audit Quality is Important for Auditees

    Article Auditees play a key role in the audit process and are an important factor in the audit quality equation.  This section of the Auditee Resource Center talks about why auditees should be concerned about audit quality.
    Published on September 17, 2012

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