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AICPA issues new audit guide for Yellow Book and single audit.(American Institute of Certified Public Accountants)
February 1, 2005... In October 2004, the AICPA issued a new Audit Guide "Government Auditing Standards and Circular A-133 Audits" (with conforming changes as of May 1, 2004). This new guide replaces Audit Guide on Audits of States, Local Governments, and...
Auditing computer related controls--part 2: audit techniques.
February 1, 2005... In last month's issue, we looked at the basic concerns of auditing computer-related controls. The second part of this article in this month's issue covers the actual audit techniques to be applied in this situations. As noted last month, when...
Hurricanes, FEMA and GAAP.
February 1, 2005... One of the more interesting twists to come out of the recent natural disasters faced by Florida, Alabama, and other states is a critical review of the concept of modified accrual as it relates to revenue recognition in the governmental funds....