Government Auditing: Current Developments (Currently Unavailable)

Author: James F. Green, CPA

This course looks at current developments in the application of generally accepted government auditing standards in the United States, including the implementation of recently issued uniform cost principles, audit, and administrative requirements for entities that receive awards from the U.S. federal government.

Publication Date: September 2017

Designed For
CPAs involved in government audits

Topics Covered

• An overview of the generally accepted government audit standards
• Implmentation of uniform guidance on Federal Award Reporting
• Internal control of a government or nonbusiness entity
• HUD's updated audit guidance for entities that participate in Ginnie Mae securities programs
• Government audit deficiencies identified by teh AICPA through its Peer Review Program

Learning Objectives

• Cite the status of generally accepted government audit standards
• Recall key issues surrounding implementation of new uniform guidance on federal award reporting
• Summarize the nature and purpose of internal control of a government or nonbusiness entity
• Describe the revised Ginnie Mae securities guidance in the HUD Audit Guide
• Cite government audit deficiencies identified by the AICPA through its Peer Review Program

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Auditing (Governmental) (2 hours)

Program Prerequisites
Understanding of government auditing standards

Advance Preparation
None