Federal government auditing: laws, regulations, standards, practices & Sarbanes-Oxley
J. Wiley & Sons, 2006 - Business & Economics - 344 pages
The most practical, authoritative guide to federal government auditing
Federal Government Auditing is a comprehensive, easy-to-use guide to the unique requirements of federal government auditing--requirements that can confound you if you don't deal with them every day. This information-packed, single-source reference is ideal for auditors of federal agencies and programs and financial dealings subject to audits by the federal government. It gives you up-to-date information on the applicable laws, regulations, and audit standards.
Written in a non-technical style and complete with helpful exhibits, this guide is a "go-to" reference for government auditors, inspectors general, public accountants, military comptrollers, legislators, state and local government auditors, budget offices, financial managers, and financial analysts. The information also applies to contractors and grantees, universities, and other non-profits and organizations that have repeated financial dealings with the federal government.
Created for both professionals and others performing federal government audits, this concise, yet comprehensive guide:
* Features an easy-to-use format that enables you to pinpoint needed information quickly
* Provides detailed guidance on what, why, how, and by whom federal audits should be made
* Covers federal financial statements, budgeting, accounting, and more
* Covers Sarbanes-Oxley, including background information, the implications for federal audits, OMB, GAO initiatives, Section 404, and more
* Describes the scope and work required in an audit of federal departments and agencies
* Includes real-life examples of federal audits
* Has separate chapters devoted to single audits, performance audits, procurement and contract audits, and grant audits
This resource was written by four CPAs who are Principals and/or Partners at Kearney & Company, a large regional firm that specializes in providing auditing, accounting, and information technology services to the federal government. With their expertise and experience, they condense the copious, complex criteria for federal government auditing into concise, accessible information you'll refer to again and again.
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Background of Federal Auditing
Laws Regulations Audit Standards
The Federal Government and SarbanesOxley
19 other sections not shown
accepted accounting principles accepted auditing standards account balance activities agency's AICPA amounts annual applicable appropriation assets audit approach audit opinion audit organization audit plan audit procedures audit report audit risk audit tests auditee's auditor auditor's report authority budget budgetary resources CFO Act Circular A-133 compliance with laws comply Congress contractor control risk controls over financial criteria documentation effectiveness entity's evaluation executive expenditures FASAB federal agencies federal audit federal awards federal entity federal financial management federal government financial audits financial reporting financial statement audits fiscal funds GAAP Government Auditing Standards governmental guidance identified independent indirect costs Inspectors internal controls issues laws and regulations legislation liabilities ment noncompliance nonfederal audit objectives obligations OMB Circular operations PCAOB performance audit period phase policies responsible Sarbanes-Oxley Act scope significant Single Audit Act specific substantive procedures substantive testing tests of controls tion transactions unallowable xxx xxx xxx