CPA Government & Nonprofit Report articles from March 2006

CPA Government & Nonprofit Report archives from March 2006

AICPA issues a series of SAS on audit risk.
March 1, 2006... The AICPA issued a series on Statements on Auditing Standards (SAS) that focus on risk assessment standards that will have a substantial effect on all audits of periods beginning on or after Dec. 15, 2006, which effectively translates into...

Editor's note.
March 1, 2006... Things just heated up with the AICPA's release of the Audit Risk Assessment project. This project has eight Statements on Auditing Standards No. 104-111, to be followed up by an Audit Risk Alert and an Audit Guide that will provide examples of...

AICPA issues SAS 104 in the Audit Risk Assessment Series.
March 1, 2006... The first SAS issued in the Audit Risk Assessment Series is SAS 104, "Amendment to Statement on Auditing Standards No. 1 (Due Professional Care in the Performance of Work)." SAS No. I was the codification of all previous SAS at that time. ...

SAS 105 added to Audit Risk Assessment Series.(Generally Accepted Auditing Standards)(Statement on Auditing Standards )
March 1, 2006... The second SAS in the Audit Risk Assessment Series is SAS 105, "Amendment to Statement on Auditing Standards No. 95 (Generally Accepted Auditing Standards)." SAS 95 contains the Generally Accepted Auditing Standards (GAAS) that auditors must...

Revisiting GASB Statement 44, Statistical Section.(Governmental Accounting Standards Board )
March 1, 2006... GASB Statement 44 substantially changes the Statistical Section in government Comprehensive Annual Financial Reports (CAFR). If a government does not prepare CAFR, then these new requirements will not affect those reports. Governments who...