CPA Government & Nonprofit Report articles from January 2005

CPA Government & Nonprofit Report archives from January 2005

Problems between the SFQC, the DCF, and the various reports.(schedule of findings and questioned costs)(data collection form)
January 1, 2005... An area that causes problems for some auditors are inconsistencies in the Schedule of Findings and Questioned Costs (SFQC), the Data Collection Form (DCF) and the reports on the Yellow Book and Single Audit. It is not uncommon for the SFQC to...

Editor's note.(auditing methods)(Editorial)
January 1, 2005... Although not much has changed regarding the single audit and yellow book audits for 2004-20055, there continues to be problems in obtaining consistency between the Schedule of Findings and Questioned Costs, the 2004 Data Collection Form, and...

What does it take to become a low-risk auditee?
January 1, 2005... In an attempt to reward auditees that operate their federal programs in a more responsible manner, OMB created "low-risk auditee" criteria that, if met, would allow the auditor to reduce the audit coverage that is provided in Section 530...

Auditing computer-related controls.
January 1, 2005... When the underlying amounts in the financial statements are processed by computer systems, the auditor is obligated to satisfy his or herself as to whether the information is relevant and reliable. To do this the auditor must make a decision to...