Government Auditing Standards and Circular A-133 Developments - Audit Risk Alert

This Audit Risk Alert is designed to help you identify significant risks that may affect an audit of entities receiving federal awards that is performed in accordance with Government Auditing Standards and OMB Circular A-133.

This Spring 2013 edition contains essential updates on relevant topics such as Government Auditing Standards and OMB Circular A-133, enabling accounting firms of all sizes to perform high quality single audits with confidence, and enabling not-for-profit entities to prepare for their audit.

THIS EDITION FEATURES:

• Highlights the more significant changes in the 2011 revision of Government Auditing Standards.
• Information on the proposed revisions to OMB Circular A-133.
• In-depth discussion of changes relating to independence as found in the 2011 revision of Government Auditing Standards
• Examines AU-C guidance relevant to an audit performed under Government Auditing Standards.
• Explores frequent violations relating to single audits identified by the AICPA Professional Ethics division.

Get the latest information on emerging practice issues and current developments, with the Government Auditing Standards and Circular A-133 Developments Audit Risk Alert.