Tag Archives: AICPA

Sneak Preview: Staff Training on Policies Is Vital for Compliance

(The following was excerpted from a recent article in the Federal Grants Management Handbook.) While having updated policies and procedures for federal award funding is critical to ensuring that a nonfederal entity has proper internal controls over the funds, they…

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Comptroller General Disappointed with DATA Act Compliance

When the U.S. Comptroller General expresses concern about federal compliance with laws affecting grant programs, that can’t be a good sign. Speaking this week to the American Institute of Certified Public Accountants’ 2018 Accounting and Auditing Update Conference, Comptroller General…

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Sneak Preview: 2018 Yellow Book Will Not Require Review on Waste

(The following was excerpted from a recent article in the Single Audit Information Service.) A partner with KPMG LLP and member of the Government Auditing Standards (GAGAS) advisory council recently explained why a requirement for auditors to assess waste and…

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Can the 2019 Compliance Supplement Really Come Out in January?

Now that 2018 is almost half over, why not turn our attention to 2019? Perhaps one of the most eye-opening statements we heard at this week’s American Institute of Certified Public Accountants’ annual Not-for-Profit Conference at National Harbor, Md., occurred…

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Time Again for the AICPA Not-for-Profit Conference

As we approach the beginning of summer, we look forward not only to the warming temperatures, but also to getting out and meeting folks in the grants and audit community at the American Institute of Certified Public Accountants’ annual Not-for-Profit…

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Sneak Preview: GAO Plans Extensive Review Of Yellow Book Comments

(The following was excerpted from a recent article in the Single Audit Information Service.) Government Accountability Office (GAO) officials over the next several months plan to review the more than 90 public comments that GAO received in reference to its…

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A Year Later, OMB Issues Revision to Uniform Guidance FAQ

You would normally think August would be a good time to ease off on big news from the financial assistance front. Not so much, it seems. Still, we’re definitely not complaining.

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Sneak Preview: Auditors Making Internal Control Testing Errors

(The following was excerpted from a recent article in the Single Audit Information Service.) Even though audit industry standards and provisions in the Office of Management and Budget’s uniform guidance require firms conducting single audits to perform procedures to obtain…

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AICPA Project Finds Better Audits Come with Experience

Practice makes perfect. That expression can apply to many topics ranging from playing the piano to swinging a golf club. A recent sampling project also shows that it can apply to single audits as well.

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AICPA, CIMA Launch Global Association as Nonprofit Conference Starts

Some organizational acronyms pretty much don’t need too much thought. In the food industry, most of us are familiar with IHOP and KFC. In the federal government, you typically don’t have to tell someone the full name of agencies such…

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