Auditing in Government Organizations
- Go to the General Accountability Office (GAO) Website to review the materials recently issued in “Yellow Book”, located at. Compare and summarize the three (3) primary types of government audits: financial audits, attestation engagements, and performance audits. Examine how the GAO Yellow Book guides the audit process.
- Go to the AICPA Website to review the materials on The Single Audit Act, located at. Discuss major provisions and implications of the Single Audit Act and identify to whom it applies.
Financial auditors are required to follow GAGAS when a representing to others that follow GAGAS, they should be able to meet the requirements of GAGAS and should use it as a reference. They should also include one of the following types of GAGAS compliance statements; they should follow all the applicable unconditional and mandatory GAGAS requirements and should unveil in the report the applicable strategies and explain their use. In all difficulties relating to the audit work, the audit organization….
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