CPA Government & Nonprofit Report articles from February 2002

CPA Government & Nonprofit Report archives from February 2002

Schedule of findings and questioned costs, and the data collection form.
February 1, 2002... An area that causes problems for some auditors is inconsistencies in the Schedule of Findings and Questioned Costs, the Data Collection Form and the various reports. It is not uncommon for the Schedule to report something that is different from...

Editor's note.
February 1, 2002... In the first couple months of this new year, there are many items to occupy our minds in the government and nonprofit area. This issue picks up the effect of SAS 94 on audit documentation for fiscal years ending June 30, 2002 and later. Many of...

Handling FEMA disaster relief grants.
February 1, 2002... Auditors often wonder how to handle the Federal Emergency Management Agency (FEMA) grants that local governments receive from the state. Sometimes the grants are not received until well after the local funds have been spent on disaster relief....

AICPA issues SAS 94 on internal control.
February 1, 2002... AICPA has issued SAS 94, "The Effect of Information Technology on the Auditor's Consideration of Internal Control in a Financial Statement Audit." The effective date of this new SAS is for fiscal periods beginning on or after June 1, 2001,...

Questions and unofficial answers on GASB 34 issues. (Q&A).
February 1, 2002... Q. Will I have to present an immaterial component unit as a discrete presentation in my GASB 34 financial statements? A. Probably not, but let's make sure we are on the same page in regard to materiality. Materiality for discretely...