These tools and Practice Aids, developed are nonauthoritative and their use is not required. However, they may help you understand and apply certain auditing standards and the requirements of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Auditors that already have their own internal guidance in these areas and do not wish to use the GAQC Practice Aids are encouraged to compare them to such internal guidance to ensure that there are not any areas that are lacking or need to be enhanced.
- Illustrative Auditor Reports
- Schedule of Expenditures of Federal Awards
- Internal Controls and Compliance Practice Aids
Illustrative Auditor Reports
The GAQC has posted illustrative auditor reports that are issued to comply with Government Auditing Standards and the Uniform Guidance. The reports are excerpted from the AICPA Audit Guide, Government Auditing Standards and Single Audits. Access the illustrative reports.
Schedule of Expenditures of Federal Awards Practice Aids
Auditor SEFA Practice Aid. The GAQC Practice Aid titled, Auditor Practice Aids: The Schedule of Expenditures of Federal Awards, assists auditors in determining whether the Schedule of Expenditures of Federal Awards (SEFA) includes all required elements, is accurate and complete, and that the auditor’s procedures relating to the SEFA are appropriately documented. The Practice Aid reflects the requirements of the Uniform Guidance and includes three different auditor tools within the document including an audit plan, disclosure checklist and auditor’s report checklist. Access the auditor Practice Aid.
Auditee SEFA Practice Aid. The GAQC Practice Aid titled, Auditee Practice Aids: The Schedule of Expenditures of Federal Awards, assists auditees in their important role of preparing the SEFA and ensuring it includes all required elements and is prepared accurately and completely. The Practice Aid reflects the requirements of the Uniform Guidance and includes two different auditee tools within the document. The first assists auditees in accumulating information about their federal programs and the second is a disclosure checklist. Access the auditee Practice Aid. See also the GAQC Auditee Resource Center for additional auditee information.
Internal Controls and Compliance Practice Aids
Illustrative Dual Purpose Testing Workpaper. This illustrative workpaper provides an example of how an auditor might document a test of transactions both for the purpose of compliance testing, and internal control testing. Documentation of dual purpose testing is often found to be lacking in peer reviews and federal quality reviews. Therefore, auditors should pay particular attention to this area.