Tag Archives: AICPA

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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2016 Compliance Supplement Release is Days Away

We have some news on the Office of Management and Budget’s (OMB’s) 2016 Compliance Supplement.  It hasn’t been released yet, but it’s close. We’re not ready to post our traditional fireworks picture in honor of its release, but maybe we…

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Anticipation for the 2016 Compliance Supplement Builds

Because it’s been so cool and rainy here in the nation’s capital for the last few weeks, one tended to ignore looking at the calendar and simply assume it surely must be early March. But alas, the sun finally broke…

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Still Waiting on the Release of the Final 2015 Compliance Supplement

Long time readers of this blog may be familiar with a tradition that we have continued since we launched this site in 2011. As we continue to wait for the Office of Management and Budget to issue the Compliance Supplement,…

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Sneak Preview: Data Collection Form Process Changes Coming

(The following was excerpted from an article in the Single Audit Information Service.) Auditees and auditors preparing the Data Collection Form to submit with a single audit reporting package to the Federal Audit Clearinghouse should be aware of process changes…

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Sneak Preview: New Guidance Calls for Audit Quality Study in 2018

(The following was excerpted from an article in the Single Audit Information Service.) Audit organizations should be aware that the quality of their single audits will be under federal scrutiny in four years under a provision in the Office of…

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