Auditing PPP loans
Resources
AICPA logo
Cart
searchSearch
search
burger
AICPA logo
  • Home
Auditing fraud risk during a pandemic
Resources

Auditing PPP loans

1 year ago · 251.5 KB Download

FIRM MEMBER

EXCLUSIVE

Resource

available

Audits conducted in accordance with generally accepted auditing standards (GAAS) are performed under the concept of a risk-based approach. In an effective audit, firms perform a risk assessment for both inherent risk and control risk and then design audit procedures responsive to those risks. Auditing Paycheck Protection Program (PPP) funds are no different. However, there are some unique factors that should be considered including:

  • Firm-wide quality control considerations

  • Understanding the risk profiles of the PPP loan accounting models

  • PPP loan

Download the Report on auditing PPP loans

File name: Cpea-auditing-ppp-loans.pdf

Download the CPEA illustrative COVID management representations

File name: Cpea-covid-rep-letter.pdf

Reserved for CPEA members

Already a Center for Plain English Accounting member?

Log in with your AICPA account
 
Forgotten email
Forgotten password

Not a CPEA member?

Discover the benefits of AICPA membership and Center for Plain English Accounting firm membership. To gain access to exclusive content, your first step is to join the AICPA.

Related content