CPA Government & Nonprofit Report articles from May 2005

CPA Government & Nonprofit Report archives from May 2005

GAO issues new Guidance on CPE.(Continuing Professional Education)
May 1, 2005... The Government Accountability Office (GAO) issued "Guidance on GAGAS Requirements for Continuing Professional Education" in April 2005, after issuing an exposure draft in October of 2004. GAGAS refers to "generally accepted government auditing...

Editor's note.(Brief Article)
May 1, 2005... GAO has issued its new CPE Guidance document and it modifies the Yellow Book CPE to some degree. I analyze the changes and provide some insight into the 80- and 24-hour requirements, the technical amendment, and the topics that qualify for CPE....

AICPA issues 2004 Audit Risk Alert for governments.
May 1, 2005... Annually, the AICPA issues a new Audit Risk Alert for governments as well as many other industries. As auditors begin to approach their "audit season" for the June 30 fiscal year, it is important that they take the current Audit Risk Alert into...

OMB delays issuance of 2005 Compliance Supplement.(Office of Management and Budget )
May 1, 2005... The Office of Management and Budget (OMB) normally issues the annual Compliance Supplement (CS) in early April. This year, there have been some issues that have arisen, and the 2005 issue has been delayed. In early May, the OMB placed a notice...