Governmental Audit Quality Center
The Governmental Audit Quality Center (GAQC) promotes the importance of quality governmental audits and the value of such audits to purchasers of governmental audit services. GAQC is a voluntary membership center for CPA firms and state audit organizations that perform governmental audits.
On July 17, 2018, the Government Accountability Office (GAO) released the 2018 Revision of Government Auditing Standards (often referred to as the Yellow Book or GAGAS). After reading GAQC Alert #364 to get a high-level summary of the more significant changes made; learn about the effective date; links to access the 2018 Yellow Book; and learn about a related GAQC Web event to be held on September 25, 2018.
Learn about an Office of Management and Budget (OMB) memorandum to federal agencies addressing increases to the micro-purchase and simplified acquisition thresholds and related timing; a peer review article; an update EAQ; and a comment letter on proposed updates to the DCF.
Read GAQC Alert #362 to learn about the updated Illustrated auditor’s reports; availability of governmental audit guides; a recent ethics interpretation on hosting services; and an AICPA standard on auditor involvement with municipal securities.
About the Center
GAQC is a voluntary membership center for CPA firms and state audit organizations that perform governmental audits. The Center serves as a comprehensive resource for member firms and state audit organizations (SAO), supporting you on your governmental audits.
Susan S. Coffey, CPA, CGMA, AICPA Senior VP - Public Practice and Global Alliances, discusses the discusses the many tools and resources available to assist firms with enhancing governmental and single audit quality.More on AICPA TV