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Audit Quality Part I

The quality of state and local government financial statement audits is under increasing scrutiny and 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 event will focus on helping you avoid common audit deficiencies in state and local government financial statement audits.