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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

IMTA Standing Ovation - Marie Hibbert, CPA, CITP

Award This page recognizes Marie Hibbert, CPA, CITP as a 2016 recipient of the AICPA Standing Ovation Recognition Program.
Published on May 23, 2017

AICPA PFS Exam Sponsorship Program

Overview The AICPA PFP Section is offering sponsorships to help with the costs associated with the candidates taking both the PFS Exam Review Course and the PFS Exam.
Published on May 23, 2017

CITP Pathway Infographic

Quick Reference Guide The CITP Pathway infographic highlights the relevant information pertaining to each of the 4 steps of the CITP Pathway.
Published on May 23, 2017

ASB Meeting Materials and Highlights

Meeting Materials This listing of recent and upcoming Auditing Standards Board meeting dates, includes links to agenda materials and meeting highlights.
Published on May 23, 2017

Reviewer Alert

Overview Access Peer Review top news in the Reviewer Focus.
Published on May 23, 2017

Personal Financial Planning & CPA/PFS Webcasts

Webcast Our webcasts give PFP section members and CPA/PFS credential holders the opportunity to learn about timely issues as well as interact with their peers.
Published on May 23, 2017

Financial Reporting Framework for Small and Medium Size Entities

Overview Learn about the Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs) and access toolkits for CPAs, small businesses and their financial statement users.
Published on May 23, 2017

Building a Cybersecurity Practice

Toolkit The PCPS Cybersecurity Toolkit provides learning resources, staff training tools, and tools to use with clients to assess their needs for Cybersecurity resources. Together, these tools will help your firm analyze your service opportunities and assist in building a Cybersecurity practice.
Published on May 23, 2017

PCPS

Overview The PCPS Firm Practice Management Center supports CPA firms in the everyday intricacies of running a practice.
Published on May 23, 2017

The Forensic and Valuation Services Center

Home The Forensic and Valuation Services Center provides CPAs with  resources for forensic and valuation services and member benefits.
Published on May 23, 2017

Cybersecurity Resource Center

Tools Find information and links to valuable resources for CPAs providing cybersecurity advisory and assurance services.
Published on May 23, 2017

Attest interpretation no. 4 of AT-C section 105

Guidance Attest interpretation no. 4, Performing and Reporting on an Attestation Engagement Under Two Sets of Attestation Standards, of AT-C section 105, Concepts Common to All Attestation Engagements
Published on May 23, 2017

Recently Issued Attest Interpretations

Guidance Find recently issued interpretations of AT standards
Published on May 23, 2017

Personal Financial Planning

Overview An overview of the Personal Financial Planning Division.
Published on May 22, 2017

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