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Member Only Content

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

Inside Information Newsletter

Article Current issues of Inside Information
Published on May 26, 2017

Estate Planning

Overview Clients are very concerned with planning their estate. Find out more about providing the Estate Planning services that will provide peace of mind for your clients.
Published on May 26, 2017

The Ultimate Guide to Decanting Trusts

Newsletter This newsletter explains many of the decanting opportunities that should be considered by the estate planner.
Published on May 26, 2017

Tips for Presenting and Communicating the Financial Plan to Your Client

Article Learn new tips for presenting and communicating the financial plan to your client.
Published on May 26, 2017

Regulatory & Compliance Issues

Presentation In this session, Ellen Bruno provides views on legal basics, regulatory oversight, and compliance programs.
Published on May 26, 2017

Building a Personal Financial Services Business

Presentation A slide deck on building a personal financial services business.
Published on May 26, 2017

Implementing PFP Services Panel Practice Profiles

Overview Nine panelists provide practice profiles recommendations including services provided, methods, compensation, and number and type of staff.
Published on May 26, 2017

Game Plan to Implement PFP Services

Checklist This is a personal checklist to start implementing your PFP Services.
Published on May 26, 2017

Women to Watch Awards

Award The Women to Watch awards highlight the accomplishments of women in the profession, and demonstrate to emerging female leaders that success is not out of reach.
Published on May 26, 2017

Peer Review Training for Ongoing Qualification

CPE Access CPE course information for peer review training.
Published on May 26, 2017

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.  Save the date for the 2017 Peer Review Conference to be held August 14-16, 2017 in Nashville, Tennessee.
Published on May 26, 2017

Peer Review - Home

Overview On the home page of the Peer Review Interest Area, you can find links for peer reviewers, CPA firms, the public and information and resources related to peer review.
Published on May 26, 2017

Assurance Research Advisory Group Request for Proposal (RFP)

Form Accounting educators are encouraged to submit research proposals focused on domestic private company assurance services.
Published on May 26, 2017

Assurance Research Advisory Group (ARAG) FAQs

FAQ The Assurance Research Advisory Group (ARAG) is a group of practitioners and academics formed in collaboration with the American Accounting Association (AAA).
Published on May 26, 2017

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