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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

How to Make the Right Impression at Meetings

Article Combine preparation with observation to feel more confident at meetings.
Published on December 13, 2016

Last-Minute Gifts for Co-Workers

Article If you find yourself stuck, here are ideas to consider, all for under $50, from a few of the AICPA’s Leadership Academy grads.
Published on December 13, 2016

Plan Ahead for a Rewarding Retirement

Article A bit of soul-searching can make the transition to retirement go more smoothly. Accounting faculty weigh in on ways to plan for a retirement that’s rich and rewarding.
Published on December 13, 2016

Take the Practicum Plunge

Article Accounting professors who’ve successfully launched practicums address common fears about them, and offer insight into how to get started.
Published on December 13, 2016

AICPA Outstanding Young CPA Award

Award The Young CPA award was created for recognition of a young AICPA member who demonstrates volunteerism and promotes the profession through work outside of his normal work duties.
Published on December 10, 2016

Reverse Mortgage Landscape

Overview Articles and webcasts on reverse mortgage landscape.
Published on December 10, 2016

5 Reasons Why CPA Financial Planners May be Avoiding Life Insurance

Article If you’re a planner who continues to avoid life insurance discussions with your clients, consider re-evaluating your personal objections to provide a more holistic approach.
Published on December 10, 2016

Portability A Planning Game Changer

Article The Planner sat down with Steven Siegel  to find out more about portability and to discover what CPA financial planners need to know about this topic.
Published on December 10, 2016

Tax Season Resources

Overview Obtain access to Personal Financial Planning Section resources that relate to tax planning.
Published on December 10, 2016

Peer Review Training for Ongoing Qualification

CPE Access CPE course information for peer review training.
Published on December 10, 2016

Peer Review Webcast Archive Page

Webcast Archive Access archived Peer Review webcasts.
Published on December 10, 2016

Reviewer Training

Overview On the CPE and Events page, you'll find information on the annual Peer Review Conference, Peer Reviewer Training courses and Peer Review Webcasts.
Published on December 10, 2016

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 December 10, 2016

Forensic and Valuation CPE & Events

Overview FVS Section members, including CFF and ABV credential holders, can choose from live, web-based, and self-study education to obtain CPE, increasing their knowledge base.
Published on December 10, 2016

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