In this course, two retired Federal Regional Inspectors General will explain what government auditors expect to see when they read an audit finding in a governmental audit, including Single Audits. In governmental audits, a finding is a construct with components that have been in place for over 50 years. As a result, government auditors expect all findings to have all the components that the Yellow Book calls for. Issuing a Single Audit with deficient findings can harm a CPA’s finances and his or her reputation.
If you administer government grants, you should also know what a finding should contain in order to properly review findings that CPAs prepare when auditing your organization.
LEARNING OBJECTIVES
- Identify the five attributes of a finding
- Describe some techniques to improve a finding’s presentation
- Identify techniques to get results from a finding’s presentation.
- Identify ways to develop useful recommendations
- Author: Boyers Allen
Credit Hours: 1
NASBA Field of Study: Auditing Governmental
Instructional Method: eBook
Delivery Method: QAS Self-Study
Advanced Preperation:: NONE
Knowledge Level: Basic
Program Prerequisites:: There are no prerequisites.
Course Duration in Hours: 1
Skill Level: Beginner
