The AICPA generally updates Peer Review Checklists annually. To access the full set of peer review checklists for 2016, click here. Your firm should consider using the most up-to-date and relevant checklists as part of your firm's Inspection and Quality Control Programs. Taking this step may help you improve the quality of your governmental audit and attestation engagements.
We have summarized below the checklists that will be applicable to your governmental, health care, not-for-profit organization financial statement audits, your Yellow Book and single audits, and your HUD engagements.
Part A-UG Supplemental Checklist for Review of OMB Single Audit Engagements.(Audits of fiscal years ending prior to the effective date of the Uniform Guidance audit requirements should continue to be reviewed using 22100 Part A and B for Single Audit Act/A-133.) Engagements focuses on the audit areas noted by the PCIE report as most frequently not being performed in accordance with professional standards. These areas include major program determination, documentation of compliance testing, audit findings, sampling, materiality at the major program level and SEFA reporting issues.
Part B-UG Supplemental Checklist for Review of OMB Single Audit Engagements. includes other areas specific to single audit engagements. These areas include planning, reporting, other audit issues, and program specific audits.
Governmental Audit Engagement Checklist. The questions in this checklist emphasize reporting matters and general procedures ordinarily performed by an independent auditor in the audit of financial statements of state and local governmental units.
Not-for-Profit Audit Engagement Checklist. This checklist is for auditing and reporting on financial statements of not-for-profit organizations.
Supplemental Checklist for Review of Audit Engagements Performed in Accordance With Government Auditing Standards (Yellow Book) December 2011 Revision. This checklist is applicable to both not-for-profit and government entities.
Supplemental Checklist for Review of Agreed Upon Procedures and Other Attestation Engagements Performed in Accordance With Government Auditing Standards (Yellow Book) December 2011 Revision. This checklist is applicable to both not-for-profit and government entities.