Detail Single Audit Overhaul   Oleh:  Scott, George A. ; Foelster, Mary McKnight Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 185 no. 5 (1998), page 75. Topik: audit; single audit; overhaul Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel In the last two years, the government has overhauled the audit policies for entities that receive federal awards. President Clinton signed the Single Audit Act Amendments of 1996, which significantly changed the audit requirements for not - for - profit organizations and state and local governments, and in June 1997 the OMB issued Circular A - 133, Audits of States, Local Governments, and Non - Profit Organizations, and the OMB Circular A - 133 Compliance Supplement to provide guidance to auditors who implement the new laws. The act simplified the audit process by consolidating OMB Circular A -128, Audits of State and Local Governments, and circular A - 133 (see exhibit 1, page 77). It is expected to reduce many of the audit burdens facing these governments and not - for - profit organizations by increasing the dollar threshold that triggers a single audit requirement. It also should make these audits more effective by focusing them on the programs that present the greatest financial risk to the federal government. While these are but a few of the changes, they provide a flavor of the extent and scope of the new requirements. As auditors begin to perform these audits, it is imperative that the entire audit engagement team have a thorough understanding of the objectives of both the 1996 act and the revised circular A - 133. The most important auditor considerations follow. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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