Federal Government Auditing ON DEMAND

Overview

Whether you’re a financial professional performing a federal government audit or simply working for an organization that has repeated financial dealings with the government, this is an essential guide for you. You’ll find a simple, straightforward presentation of information you are required to know regarding the applicable laws, regulations, and auditing standards you need to be familiar with.

Highlights

Evolution, Standard Setters, Responsibilities, Audit Types. Selected Issues in Federal Financial and Internal Control Reporting. Federal Financial Statements. The Federal Audit Model. Documenting Internal Controls What, Who, Where, and Why. Test Controls, Transactions, and Accounts. Auditing and Evaluating Federal IT Systems. Procurement Audits, Contract Audits, and Grant Audits.

Prerequisites

None.

Designed For

Professionals in Government and Public Accounting.

Objectives

List changes of history of federal auditing in the 70s and 80s. Identify who is responsible for setting the standards for federal audits. Cite responsibilities of the GAO and CIGIE. Name publications of the OMB. Define attestation review and tools used by the Treasury. Specify legislation that laid out provisions for tax collection, monitoring of federal records, year-end audits, fraud prevention, and budgetary concerns. Define terminology under the Single Audit Act. Name an objective of the GPRA. List financial management and budget laws that have recently become effective, and more.

Preparation

None.

Notice

None.