Audit Quality Discussion Part I: Avoiding Common Deficiencies in SLG F/S Audits

The GAQC's goal in offering this event is to remind auditors about the importance of continually making audit quality a practice focus, especially in audits of specialized industries like state and local government financial statement audits, and to communicate deficiency areas that we understand can be problematic in practice.

About the Event

Audit quality is paramount to a practice's success and longevity. Further, the quality of state and local government financial statement audits is under increasing scrutiny by regulators and other stakeholders which makes it even more important for auditors to ensure quality audits. For this reason, the AICPA Peer Review Program has identified state and local government financial statement audits as a high-risk area. Accordingly, peer reviewers will likely be increasing their focus on these types of audits to determine if the financial statements properly reflect generally accepted accounting principles and that the auditors followed professional standards.

This archived event focuses on helping auditors avoid common audit deficiencies in state and local government financial statement audits. The presentation covers:

  • Common deficiencies noted in these audits uncovered by the AICPA Peer Review Program, the AICPA Professional Ethics Division, and federal agency reviews;
  • Tips for avoiding deficiencies and improving your auditing quality; and
  • Panelist experiences with their own state and local government audit practices.

About the Presenters

Carla Gogin, CPA, is a Partner in the public sector practice group of Baker Tilly Virchow Krause, LLP. She has over 19 years of experience providing audit, compliance, and consulting services to state and local government clients. Carla is also responsible for research and consultations across the firm with regard to accounting and auditing matters for state and local governments. She leads the firm's State and Local Government Accounting and Auditing Committee. Carla is also currently a member of the AICPA State and Local Government Expert Panel (SLGEP).

John Good, CPA, is an Executive Director in the Professional Practice Auditing team of Ernst & Young LLP with 20 years of experience. In his role, John liaises with the federal Office of Inspectors General Community and he develops firm guidance, trains staff, answers technical questions, and performs various pre-issuance reviews of the firm's Yellow Book, Circular A-133, and compliance audit practice. He is active with the AICPA's GAQC on matters related to governmental audits and reviews related audit guides and practice aids. John is also a member of the AICPA SLGEP.

Archived Web Event Listening Instructions

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