CPA Government & Nonprofit Report articles from December 2003

CPA Government & Nonprofit Report archives from December 2003

AICPA issues new audit risk alert for governments.(American Institute of Certified Public Accountants )
December 1, 2003... Annually, the American Institute of Certified Public Accountants (AICPA) issues a new audit risk alert for governments, as well as many other industries. This month, we take a look at the contents of the audit risk alert and how the auditor may...

Editor's note.(Brief Article)(Editorial)
December 1, 2003... It seems that new pronouncements keep coming out and auditors must continually review the various organizations to keep track of what is out and what affects them in the current and subsequent audit periods. One good way to stay current is to...

What does it take to become a low-risk auditee?
December 1, 2003... In an attempt to reward auditees that operate their federal programs in a more responsible manner, the Office of Management and Budget (OMB) created a "low-risk auditee" criteria that if met, would allow the auditor to reduce the audit coverage...

Developing a single audit reporting package.
December 1, 2003... Many questions have been raised regarding the packaging of the single audit reports to be submitted to the Office of Management and Budget (OMB) Clearinghouse. Although there is no required format or pattern to be followed, there are some tips...