CPA Government & Nonprofit Report articles from January 2004

CPA Government & Nonprofit Report archives from January 2004

Understanding sampling in the single audit environment.
January 1, 2004... In my single audit classes, there continues to be questions about sampling and sample sizes in the single audit. The single audit will generally require the use of sampling in the testing of internal controls and in the compliance area for all...

Editor's note.(Brief Article)(Editorial)
January 1, 2004... Single audit questions continue to abound as I travel the country doing seminars. Two of the most common questions deal with sampling sizes and materiality. It is important that the auditor understand these issues, as the various federal...

Materiality comes in two flavors in a single audit.
January 1, 2004... The single audit requires the auditor to determine two levels of materiality for the purposes of performing the single audit fieldwork and for reporting material noncompliance on the auditor's Schedule of Findings and Questioned Costs. This...

Let's not forget GASB Interpretation No. 6.(Governmental Accounting Standards Board)(Recognition and Measurement of Certain Liabilities and Expenditures in Governmental Fund Financial Statements )
January 1, 2004... The Governmental Accounting Standards Board (GASB) issued GASB Interpretation No. 6, Recognition and Measurement of Certain Liabilities and Expenditures in Governmental Fund Financial Statements (GASBI-6), in March 2000 and the effective date...