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Technical

AICPA Peer Review Must-Select Industry Update: Governmental Auditing Standards Logo aicpa

  AICPA Peer Review Program Staff |   Free |   AICPA |   13 Dec 2018 |   Auditing |   AICPA Store

This CPE course will familiarize you with recent changes in peer review guidance related to engagements performed in accordance with Government Auditing Standards as well as other key items related to peer reviewing governmental engagements. This information will help you identify non-conforming governmental engagements when conducting peer reviews. This course also discusses audits conducted under OMB Circular A-133 and the Uniform Guidance audit requirements, including reporting, findings, corrective action plans, and documentation matters.

Learning Objectives

When you complete this course, you will be able to:

  • Apply concepts from recent accounting, auditing and peer review guidance changes for governmental engagements.
  • Identify common findings and the overall goals of the enhanced oversights of governmental audits.
  • Identify key indicators of non-conforming governmental engagements.

Topics Discussed

  • The uniform guidance
  • Yellow Book
  • Common matters noted in peer reviews
  • AICPA enhanced oversignt program: single audit findings
  • Non-conforming engagemement identification
  • Resources and tools for auditors

Who Will Benefit?

  • Peer reviewers of "must-select" engagements under government auditing standards

Note: Certain practice aids or other materials referenced in this course are part of the Employee Benefit Plan Audit Quality Center. These materials are accessible only if your firm is a member of the quality center. Participants of this course are reminded that peer reviewers of employee benefit plan audit engagements must be associated with firms that are members of the respective audit quality center for reviews that commence on or after December 31, 2015.

Topics covered:
  • Governmental auditing: Technical: Single audit, Foundational
  • Governmental auditing: Technical: Government financial statement audit, Foundational
  • Assurance: Technical: Peer review, Foundational

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Who Will Benefit?
  • Peer reviewers of "must-select" engagements under government auditing standards
Key Topics
  • The uniform guidance
  • Yellow Book
  • Common matters noted in peer reviews
  • AICPA enhanced oversignt program: single audit findings
  • Non-conforming engagemement identification
  • Resources and tools for auditors
Learning Objectives
  • Identify common findings and the overall goals of the enhanced oversights of governmental audits.
  • Identify key indicators of non-conforming governmental engagements.

This CPE course will familiarize you with recent changes in peer review guidance related to engagements performed in accordance with Government Auditing Standards as well as other key items related to peer reviewing governmental engagements. This information will help you identify non-conforming governmental engagements when conducting peer reviews. This course also discusses audits conducted under OMB Circular A-133 and the Uniform Guidance audit requirements, including reporting, findings, corrective action plans, and documentation matters.

Note: Certain practice aids or other materials referenced in this course are part of the Employee Benefit Plan Audit Quality Center. These materials are accessible only if your firm is a member of the quality center. Participants of this course are reminded that peer reviewers of employee benefit plan audit engagements must be associated with firms that are members of the respective audit quality center for reviews that commence on or after December 31, 2015.

Note: If you are looking for the course designed for corrective actions, please visit this link to purchase product no. 165533. Completion of the course listed on this page (product no. 164643) will not fulfill corrective action requirements.

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