AICPA Audit Guide
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This Not-for-Profit Industry Development Audit Risk Alert shows changes on the horizon as well as current business environment issues and accounting and auditing challenges such as:
- Cybersecurity and outsourcing
- Implementation of FASB's revenue recognition standards
- Changes to the auditor’s report
- Preparation for FASB’s leases and other accounting standards updates
Delivered in an easily digestible format, this alert also covers legislative and regulatory issues like the unrelated business income tax and changes to IRS Form 990-T as well as a discussion of the Department of Labor’s overtime rule.
Need assistance in understanding and applying the special considerations required in a single audit? This 2019 Audit Guide is an indispensable resource for auditors performing Yellow Book and Uniform Guidance compliance audits.
Based on Government Auditing Standards, 2011 Revision, this new edition provides up-to-date information and expert guidance on single audits and Uniform Guidance compliance audit requirements. It includes example auditor reports for both the reporting required under Government Auditing Standards and the Uniform Guidance compliance audit.
Key features include:
- Understand the complexities of Government Auditing Standards, including the requirements related to auditor independence.
- Gain an understanding of the requirements for performing a Uniform Guidance compliance audit, including major program determination.
- Understand the unique audit areas related to a compliance audit of federal awards, including internal control over compliance for major programs.
- Properly report on the single audit using the illustrative auditor's reports for both the financial statement audit performed under Government Auditing Standards and the compliance audit performed under the Uniform Guidance.
