quot auditing in government organizations quot

/in /by

Please respond to the following:

    • Go to the General Accountability Office (GAO) Website to review the materials recently issued in “Yellow Book”, located at http://www.gao.gov/yellowbook/overview. Compare and summarize the three (3) primary types of government audits: financial audits, attestation engagements, and performance audits. Examine how the GAO Yellow Book guides the audit process.
    • Go to the AICPA Website to review the materials on The Single Audit Act, located at http://www.aicpa.org/Advocacy/Issues/Pages/AuditsofFederalFunds_SingleAudits.aspx and Subpart F of the Code of Federal Regulations (CFR) Part 200 located at https://www.gpo.gov/fdsys/pkg/FR-2013-12-26/pdf/2013-30465.pdf. Discuss major provisions and implications of the Single Audit Act and identify to whom it applies.